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STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows – operating activities    
Net earnings (loss) $ 1,563 $ 7,478
(Earnings) loss from discontinued operations activities (14) (1,257)
Adjustments to reconcile net earnings (loss) to cash from (used for) operating activities:    
Depreciation and amortization of property, plant and equipment 378 367
Amortization of intangible assets (Note 7) 145 140
(Gains) losses on purchases and sales of business interests (9) 52
(Gains) losses on retained and sold ownership interests and other equity securities (Note 19) (665) (5,906)
Principal pension plans cost (Note 14) (256) (271)
Principal pension plans employer contributions (53) (52)
Other postretirement benefit plans (net) (133) (181)
Provision (benefit) for income taxes 318 271
Cash recovered (paid) during the year for income taxes (105) (172)
Changes in operating working capital:    
Decrease (increase) in current receivables 235 536
Decrease (increase) in inventories, including deferred inventory costs (1,216) (1,275)
Decrease (increase) in current contract assets (72) 294
Increase (decrease) in accounts payable and equipment project payables 111 (201)
Increase (decrease) in progress collections and current deferred income 1,095 205
All other operating activities (297) 128
Cash from (used for) operating activities – continuing operations 1,024 155
Cash from (used for) operating activities – discontinued operations (32) (413)
Cash from (used for) operating activities 992 (259)
Cash flows – investing activities    
Additions to property, plant and equipment and internal-use software (421) (298)
Dispositions of property, plant and equipment 41 7
Dispositions of retained ownership interests 2,610 2,025
Net (purchases) dispositions of insurance investment securities (1,141) (1,556)
All other investing activities (320) 1,096
Cash from (used for) investing activities – continuing operations 769 1,273
Cash from (used for) investing activities – discontinued operations 38 (3,068)
Cash from (used for) investing activities 808 (1,796)
Cash flows – financing activities    
Net increase (decrease) in borrowings (maturities of 90 days or less) (37) 1
Newly issued debt (maturities longer than 90 days) 0 9
Repayments and other debt reductions (maturities longer than 90 days) (298) (1,815)
Dividends paid to shareholders (86) (203)
Redemption of GE preferred stock 0 (3,000)
Purchases of GE common stock for treasury (322) (309)
All other financing activities 540 87
Cash from (used for) financing activities – continuing operations (204) (5,230)
Cash from (used for) financing activities – discontinued operations 0 1,999
Cash from (used for) financing activities (204) (3,232)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash (61) 65
Increase (decrease) in cash, cash equivalents and restricted cash 1,534 (5,220)
Cash, cash equivalents and restricted cash at beginning of year 19,755 19,092
Cash, cash equivalents and restricted cash at March 31 21,290 13,871
Less cash, cash equivalents and restricted cash of discontinued operations at March 31 1,391 1,180
Cash, cash equivalents and restricted cash of continuing operations at March 31 $ 19,899 $ 12,691