GENERAL ELECTRIC CO
For the period ended Mar 31, 2024. Filed Apr 23, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 23, 2024
GE$323.24+2.7%Stored close · as of Nov 6, 2026
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Statement of Cash Flows
| STATEMENT OF CASH FLOWS | Three months ended March 31 | |
|---|---|---|
| (In millions) | 2024 | 2023 |
| 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) |
| 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) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (37) | 1 |
| Newly issued debt (maturities longer than 90 days) | — | 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 | — | (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 | — | 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 |
2024 1Q FORM 10-Q 28
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