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STATEMENT OF CASH FLOWS
$ in Millions
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Cash flows – operating activities      
Net earnings (loss) $ 9,443 $ 407 $ (6,408)
(Earnings) loss from discontinued operations activities (414) (1,202) 1,469
Adjustments to reconcile net earnings (loss) to cash from (used for) operating activities:      
Depreciation and amortization of property, plant and equipment 1,473 1,564 1,622
Amortization of intangible assets (Note 7) 606 1,338 738
(Gains) losses on purchases and sales of business interests (Note 19) (104) (60) 52
(Gains) losses on retained and sold ownership interests and other equity securities (5,842) 113 (1,632)
Debt extinguishment costs 0 465 6,524
Principal pension plans cost (Note 13) (1,108) 376 1,766
Principal pension plans employer contributions (212) (204) (205)
Other postretirement benefit plans (net) (644) (755) (900)
Provision (benefit) for income taxes 1,162 (3) (757)
Cash recovered (paid) during the year for income taxes (1,148) (430) (373)
Changes in operating working capital:      
Decrease (increase) in current receivables (833) (2,719) 524
Decrease (increase) in inventories, including deferred inventory costs (1,524) (1,925) (306)
Decrease (increase) in current contract assets 1,283 1,652 1,007
Increase (decrease) in accounts payable and equipment project payables (221) 2,236 (390)
Increase (decrease) in progress collections and current deferred income 2,933 2,348 (1,113)
Financial services derivatives net collateral/settlement 3 (154) (1,143)
All other operating activities 717 998 (1,326)
Cash from (used for) operating activities – continuing operations 5,570 4,043 (850)
Cash from (used for) operating activities – discontinued operations (391) 1,873 4,332
Cash from (used for) operating activities 5,179 5,916 3,481
Cash flows – investing activities      
Additions to property, plant and equipment and internal-use software (1,595) (1,174) (1,113)
Dispositions of property, plant and equipment 89 206 151
Proceeds from sale of discontinued operations 0 0 22,356
Proceeds from principal business dispositions 0 15 0
Net cash from (payments for) principal businesses purchased (365) (30) (69)
Dispositions of retained ownership interests 9,004 4,717 4,145
Net (purchases) dispositions of insurance investment securities (986) (876) (1,290)
All other investing activities 791 8,033 1,641
Cash from (used for) investing activities – continuing operations 6,938 10,891 25,822
Cash from (used for) investing activities – discontinued operations (2,960) (8,621) (4,443)
Cash from (used for) investing activities 3,977 2,270 21,379
Cash flows – financing activities      
Net increase (decrease) in borrowings (maturities of 90 days or less) (55) 56 (704)
Newly issued debt (maturities longer than 90 days) 11 16 359
Repayments and other debt reductions (maturities longer than 90 days) (3,360) (11,202) (36,510)
Dividends paid to shareholders (589) (639) (575)
Cash received (paid) for debt extinguishment costs 0 338 (7,196)
Redemption of GE preferred stock (5,795) (144) 0
Purchases of GE common stock for treasury (1,233) (1,048) (107)
All other financing activities 410 (1,065) (523)
Cash from (used for) financing activities – continuing operations (10,612) (13,688) (45,256)
Cash from (used for) financing activities – discontinued operations 2,000 8,102 (140)
Cash from (used for) financing activities (8,613) (5,585) (45,397)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash 120 (369) (213)
Increase (decrease) in cash, cash equivalents and restricted cash 664 2,232 (20,750)
Cash, cash equivalents and restricted cash at beginning of year 19,092 16,859 37,608
Cash, cash equivalents and restricted cash at December 31 19,755 19,092 16,859
Less cash, cash equivalents and restricted cash of discontinued operations at December 31 1,396 2,627 1,332
Cash, cash equivalents and restricted cash of continuing operations at December 31 18,360 16,464 15,527
Supplemental disclosure of cash flows information      
Cash paid during the year for interest $ (1,067) $ (1,561) $ (2,536)