GENERAL ELECTRIC CO
For the period ended Dec 31, 2023. Filed Feb 2, 2024.
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FY2023 · Filed Feb 2, 2024
GE$337.91+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statement of Cash Flows
| STATEMENT OF CASH FLOWS | |||
|---|---|---|---|
| For the years ended December 31 (In millions) | 2023 | 2022 | 2021 |
| 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 | — | 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 |
| 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 | — | — | 22,356 |
| Proceeds from principal business dispositions | — | 15 | — |
| 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 |
| 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 | — | 338 | (7,196) |
| Redemption of GE preferred stock | (5,795) | (144) | — |
| 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) |
2023 FORM 10-K 43
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