GE 2005 Annual Report Download - page 126

Download and view the complete annual report

Please find page 126 of the 2005 GE annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 164

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164

(126)
Certain supplemental information related to GE and GECS cash flows is shown below.
December 31 (In millions) 2005 2004 2003
GE
NET DISPOSITIONS (PURCHASES) OF
GE SHARES FOR TREASURY
Open market purchases under share repurchase program $(5,024) $ (203 ) $ (340 )
Other purchases (1,844) (1,689 ) (837)
Dispositions 2,024 5,885 1,903
$(4,844) $ 3,993 $ 726
GECS
ALL OTHER OPERATING ACTIVITIES
Net change in assets held for sale $2,192 $ 84 $ 1,168
Amortization of intangible assets 459 519 618
Realized gains on sale of investment securities (381) (204 ) (205)
Other (1,794) (3,274 ) (2,477)
$479 $ (2,875 ) $ (896)
NET INCREASE IN GECS FINANCING RECEIVABLES
Increase in loans to customers $(315,697) $ (342,357 ) $ (263,815 )
Principal collections from customers – loans 267,728 305,846 238,518
Investment in equipment for financing leases (23,508) (22,649 ) (22,825)
Principal collections from customers – financing leases 21,770 19,715 18,909
Net change in credit card receivables (21,391) (20,651 ) (11,483)
Sales of financing receivables 54,144 44,816 36,009
$(16,954) $ (15,280 ) $ (4,687 )
ALL OTHER INVESTING ACTIVITIES
Purchases of securities by insurance activities $(9,264) $ (7,474 ) $ (7,942 )
Dispositions and maturities of securities by insurance activities 10,892 9,305 9,509
Proceeds from principal business dispositions 209 472 3,337
Other 2,807 6,083 1,199
$4,644 $8,386 $6,103
NEWLY ISSUED DEBT HAVING MATURITIES
LONGER THAN 90 DAYS
Short-term (91 to 365 days) $4,675 $3,940 $3,661
Long-term (longer than one year) 60,176 53,641 55,661
Proceeds – nonrecourse, leveraged lease 203 562 791
$65,054 $ 58,143 $ 60,113
REPAYMENTS AND OTHER REDUCTIONS OF DEBT
HAVING MATURITIES LONGER THAN 90 DAYS
Short-term (91 to 365 days) $(38,132) $ (41,443 ) $ (38,756 )
Long-term (longer than one year) (10,746) (3,443 ) (3,664)
Principal payments – nonrecourse, leveraged lease (831) (652 ) (782)
$(49,709) $ (45,538 ) $ (43,202)
ALL OTHER FINANCING ACTIVITIES
Proceeds from sales of investment contracts $15,743 $ 11,079 $ 766
Redemption of investment contracts (16,934) (14,476 ) (480)
$(1,191) $ (3,397 ) $ 286