XML 105 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows - operating activities      
Net earnings $ 13,355 $ 13,864 $ 14,443
Less: net earnings (loss) attributable to noncontrolling interests 298 223 292
Net earnings (loss) attributable to the Company 13,057 13,641 14,151
(Earnings) loss from discontinued operations, net of taxes 2,120 983 (29)
Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities      
Depreciation and amortization of property, plant and equipment 9,762 9,192 8,986
Earnings from continuing operations retained by GECC(b) 0 0 0
Deferred income taxes (3,295) (1,152) (204)
Decrease (increase) in GE current receivables (485) (879) (670)
Decrease (increase) in inventories (1,368) (1,274) (1,168)
Increase (decrease) in accounts payable 360 (437) 1,204
Increase (decrease) in GE progress collections 1,893 (920) (1,146)
Provision for losses on GECC financing receivables 4,818 3,832 3,930
All other operating activities 2,175 8,029 7,057
Cash from (used for) operating activities - continuing operations 29,037 31,015 32,111
Cash from (used for) operating activities - discontinued operations (458) 316 1,248
Cash from (used for) operating activities 28,579 31,331 33,359
Cash flows - investing activities      
Additions to property, plant and equipment (13,458) (15,119) (12,637)
Dispositions of property, plant and equipment 5,883 6,184 5,867
Net decrease (increase) in GECC financing receivables 2,715 6,979 14,785
Proceeds from sales of discontinued operations 528 227 8,950
Proceeds from principal business dispositions 3,324 3,618 8,877
Proceeds from sales of associated companies 16,699 0 0
Net cash from (payments for) principal businesses purchased (1,642) (1,456) (11,202)
All other investing activities 14,625 11,157 6,527
Cash from (used for) investing activities - continuing operations 28,674 11,590 21,167
Cash from (used for) investing activities - discontinued operations 443 (288) (1,285)
Cash from (used for) investing activities 29,117 11,302 19,882
Cash flows - financing activities      
Net increase (decrease) in borrowings (maturities of 90 days or less) (14,230) (2,231) 5,951
Net increase (decrease) in bank deposits 2,197 2,450 6,652
Newly issued debt (maturities longer than 90 days) 45,392 63,019 43,847
Repayments and other reductions (maturities longer than 90 days) (61,461) (103,942) (85,706)
Proceeds from issuance of preferred stock 990 3,960 0
Repayment of preferred stock 0 0 (3,300)
Net dispositions (purchases) of GE shares for treasury (9,278) (4,164) (1,456)
Dividends paid to shareowners (7,821) (7,189) (6,458)
Purchase of subsidiary shares from noncontrolling interest 0 0 (4,578)
All other financing activities (1,418) (2,958) (1,867)
Cash from (used for) financing activities - continuing operations (45,629) (51,055) (46,915)
Cash from (used for) financing activities - discontinued operations 56 (19) 52
Cash from (used for) financing activities (45,573) (51,074) (46,863)
Effect of currency exchange rate changes on cash and equivalents (795) 1,278 (841)
Increase (decrease) in cash and equivalents 11,328 (7,163) 5,537
Cash and equivalents at beginning of year 77,459 84,622 79,085
Cash and equivalents at end of year 88,787 77,459 84,622
Less cash and equivalents of discontinued operations at end of year 232 191 182
Cash and equivalents of continuing operations at end of year 88,555 77,268 84,440
Supplemental disclosure of cash flows information      
Cash paid during the year for interest (8,690) (12,717) (15,571)
Cash recovered (paid) during the year for income taxes (2,487) (3,237) (2,919)
Subsidiaries [Member]
     
Cash flows - operating activities      
Net earnings 13,302 [1] 13,801 [1] 14,316 [1]
Less: net earnings (loss) attributable to noncontrolling interests 245 [1] 160 [1] 165 [1]
Net earnings (loss) attributable to the Company 13,057 [1] 13,641 [1] 14,151 [1]
(Earnings) loss from discontinued operations, net of taxes 2,120 [1] 983 [1] (29) [1]
Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities      
Depreciation and amortization of property, plant and equipment 2,449 [1] 2,291 [1] 2,068 [1]
Earnings from continuing operations retained by GECC(b) (2,273) [1],[2] (919) [1],[2] (6,480) [1],[2]
Deferred income taxes (2,571) [1] (294) [1] (327) [1]
Decrease (increase) in GE current receivables (1,432) [1] 1,105 [1] (346) [1]
Decrease (increase) in inventories (1,351) [1] (1,204) [1] (1,122) [1]
Increase (decrease) in accounts payable 809 [1] 158 [1] 1,938 [1]
Increase (decrease) in GE progress collections 1,919 [1] (920) [1] (1,146) [1]
Provision for losses on GECC financing receivables 0 [1] 0 [1] 0 [1]
All other operating activities 1,528 [1] 2,985 [1] 3,350 [1]
Cash from (used for) operating activities - continuing operations 14,255 [1] 17,826 [1] 12,057 [1]
Cash from (used for) operating activities - discontinued operations (2) [1] 0 [1] 0 [1]
Cash from (used for) operating activities 14,253 [1] 17,826 [1] 12,057 [1]
Cash flows - investing activities      
Additions to property, plant and equipment (3,680) [1] (3,937) [1] (2,957) [1]
Dispositions of property, plant and equipment 0 [1] 0 [1] 0 [1]
Net decrease (increase) in GECC financing receivables 0 [1] 0 [1] 0 [1]
Proceeds from sales of discontinued operations 0 [1] 0 [1] 0 [1]
Proceeds from principal business dispositions 1,316 [1] 540 [1] 6,254 [1]
Proceeds from sales of associated companies 16,699 [1] 0 [1] 0 [1]
Net cash from (payments for) principal businesses purchased (8,026) [1] (1,456) [1] (11,152) [1]
All other investing activities (1,488) [1] (564) [1] (384) [1]
Cash from (used for) investing activities - continuing operations 4,821 [1] (5,417) [1] (8,239) [1]
Cash from (used for) investing activities - discontinued operations 2 [1] 0 [1] 0 [1]
Cash from (used for) investing activities 4,823 [1] (5,417) [1] (8,239) [1]
Cash flows - financing activities      
Net increase (decrease) in borrowings (maturities of 90 days or less) 949 [1] (890) [1] 1,058 [1]
Net increase (decrease) in bank deposits 0 [1] 0 [1] 0 [1]
Newly issued debt (maturities longer than 90 days) 512 [1] 6,961 [1] 177 [1]
Repayments and other reductions (maturities longer than 90 days) (5,032) [1] (34) [1] (270) [1]
Proceeds from issuance of preferred stock 0 [1] 0 [1] 0 [1]
Repayment of preferred stock 0 [1] 0 [1] (3,300) [1]
Net dispositions (purchases) of GE shares for treasury (9,278) [1] (4,164) [1] (1,456) [1]
Dividends paid to shareowners (7,821) [1] (7,189) [1] (6,458) [1]
Purchase of subsidiary shares from noncontrolling interest 0 [1] 0 [1] (4,303) [1]
All other financing activities (211) [1] 32 [1] (75) [1]
Cash from (used for) financing activities - continuing operations (20,881) [1] (5,284) [1] (14,627) [1]
Cash from (used for) financing activities - discontinued operations 0 [1] 0 [1] 0 [1]
Cash from (used for) financing activities (20,881) [1] (5,284) [1] (14,627) [1]
Effect of currency exchange rate changes on cash and equivalents (22) [1] 2 [1] (50) [1]
Increase (decrease) in cash and equivalents (1,827) [1] 7,127 [1] (10,859) [1]
Cash and equivalents at beginning of year 15,509 [1] 8,382 [1] 19,241 [1]
Cash and equivalents at end of year 13,682 [1] 15,509 [1] 8,382 [1]
Less cash and equivalents of discontinued operations at end of year 0 [1] 0 [1] 0 [1]
Cash and equivalents of continuing operations at end of year 13,682 [1] 15,509 [1] 8,382 [1]
Supplemental disclosure of cash flows information      
Cash paid during the year for interest (812) [1] (1,182) [1] (1,177) [1]
Cash recovered (paid) during the year for income taxes (4,753) [1] (2,987) [1] (2,303) [1]
Subsidiaries GECC [Member]
     
Cash flows - operating activities      
Net earnings 6,257 6,278 6,637
Less: net earnings (loss) attributable to noncontrolling interests 53 63 127
Net earnings (loss) attributable to the Company 6,204 6,215 6,510
(Earnings) loss from discontinued operations, net of taxes 2,054 1,130 (30)
Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities      
Depreciation and amortization of property, plant and equipment 7,313 6,901 6,918
Earnings from continuing operations retained by GECC(b) 0 [2] 0 [2] 0 [2]
Deferred income taxes (724) (858) 123
Decrease (increase) in GE current receivables 0 0 0
Decrease (increase) in inventories 33 (27) 15
Increase (decrease) in accounts payable 73 (880) 19
Increase (decrease) in GE progress collections 0 0 0
Provision for losses on GECC financing receivables 4,818 3,832 3,930
All other operating activities 99 5,418 3,127
Cash from (used for) operating activities - continuing operations 19,870 21,731 20,612
Cash from (used for) operating activities - discontinued operations (456) 316 1,248
Cash from (used for) operating activities 19,414 22,047 21,860
Cash flows - investing activities      
Additions to property, plant and equipment (9,978) (11,879) (9,869)
Dispositions of property, plant and equipment 5,883 6,184 5,867
Net decrease (increase) in GECC financing receivables 3,589 5,490 14,525
Proceeds from sales of discontinued operations 528 227 8,950
Proceeds from principal business dispositions 1,983 2,863 2,623
Proceeds from sales of associated companies 0 0 0
Net cash from (payments for) principal businesses purchased 6,384 0 (50)
All other investing activities 14,972 11,794 7,733
Cash from (used for) investing activities - continuing operations 23,361 14,679 29,779
Cash from (used for) investing activities - discontinued operations 441 (288) (1,285)
Cash from (used for) investing activities 23,802 14,391 28,494
Cash flows - financing activities      
Net increase (decrease) in borrowings (maturities of 90 days or less) (13,892) (1,401) 4,393
Net increase (decrease) in bank deposits 2,197 2,450 6,652
Newly issued debt (maturities longer than 90 days) 44,888 55,841 43,267
Repayments and other reductions (maturities longer than 90 days) (56,429) (103,908) (85,436)
Proceeds from issuance of preferred stock 990 3,960 0
Repayment of preferred stock 0 0 0
Net dispositions (purchases) of GE shares for treasury 0 0 0
Dividends paid to shareowners (6,283) (6,549) 0
Purchase of subsidiary shares from noncontrolling interest 0 0 (275)
All other financing activities (909) (2,867) (1,792)
Cash from (used for) financing activities - continuing operations (29,438) (52,474) (33,191)
Cash from (used for) financing activities - discontinued operations 56 (19) 52
Cash from (used for) financing activities (29,382) (52,493) (33,139)
Effect of currency exchange rate changes on cash and equivalents (773) 1,276 (791)
Increase (decrease) in cash and equivalents 13,061 (14,779) 16,424
Cash and equivalents at beginning of year 62,044 76,823 60,399
Cash and equivalents at end of year 75,105 62,044 76,823
Less cash and equivalents of discontinued operations at end of year 232 191 182
Cash and equivalents of continuing operations at end of year 74,873 61,853 76,641
Supplemental disclosure of cash flows information      
Cash paid during the year for interest (8,146) (12,172) (15,018)
Cash recovered (paid) during the year for income taxes $ 2,266 $ (250) $ (616)
[1] (a)        Represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or financial services), which is presented on a one-line basis. See Note 1.
[2] Represents GECC earnings from continuing operations attributable to the Company, net of GECC dividends paid to GE.