Intercompany Transactions

12 Months Ended

Dec. 31, 2013

Intercompany Transactions [Abstract]

NOTE 26. INTERCOMPANY TRANSACTIONS

Transactions between related companies are made on an arms-length basis, are eliminated and consist primarily of GECC dividends to GE; GE customer receivables sold to GECC; GECC services for trade receivables management and material procurement; buildings and equipment (including automobiles) leased between GE and GECC; information technology (IT) and other services sold to GECC by GE; aircraft engines manufactured by GE that are installed on aircraft purchased by GECC from third-party producers for lease to others; and various investments, loans and allocations of GE corporate overhead costs.

These intercompany transactions are reported in the GE and GECC columns of our financial statements, but are eliminated in deriving our consolidated financial statements. Effects of these eliminations on our consolidated cash flows from operating, investing and financing activities are $(5,088) million, $492 million and $4,690 million for 2013, $(8,542) million, $2,328 million and $6,703 million for 2012 and $(558) million, $(373) million and $903 million for 2011, respectively. Details of these eliminations are shown below.

For the years ended December 31 (In millions)	2013		2012		2011

Cash from (used for) operating activities-continuing operations
Combined	$	34,125	$	39,557	$	32,669
GE customer receivables sold to GECC		360		(1,809)		(577)
GECC dividends to GE		(5,985)		(6,426)		-
Other reclassifications and eliminations		537		(307)		19
	$	29,037	$	31,015	$	32,111
Cash from (used for) investing activities-continuing operations
Combined	$	28,182	$	9,262	$	21,540
GE customer receivables sold to GECC		262		2,005		421
Other reclassifications and eliminations		230		323		(794)
	$	28,674	$	11,590	$	21,167
Cash from (used for) financing activities-continuing operations
Combined	$	(50,319)	$	(57,758)	$	(47,818)
GE customer receivables sold to GECC		(622)		(196)		156
GECC dividends to GE		5,985		6,426		-
Other reclassifications and eliminations		(673)		473		747
	$	(45,629)	$	(51,055)	$	(46,915)