GE 2012 Annual Report Download - page 137

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GE 2012 ANNUAL REPORT 135
notes to consolidated financial statements
Note 26.
Supplemental Cash Flows Information
Changes in operating assets and liabilities are net of acquisitions
and dispositions of principal businesses.
Amounts reported in the “Proceeds from sales of discontinued
operations” and “Proceeds from principal business dispositions”
lines in the Statement of Cash Flows are net of cash disposed.
Amounts reported in the “Payments for principal businesses pur-
chased” line is net of cash acquired and included debt assumed
and immediately repaid in acquisitions.
Amounts reported in the “All other operating activities” line
in the Statement of Cash Flows consists primarily of adjustments
to current and noncurrent accruals and deferrals of costs and
expenses, adjustments for gains and losses on assets and adjust-
ments to assets. GECC had non-cash transactions related to
foreclosed properties and repossessed assets totaling $839 mil-
lion, $859 million and $1,915 million in 2012, 2011 and 2010,
respectively.
Certain supplemental information related to GE and GECC cash flows is shown below.
(In millions) 2012 2011 2010
GE
NET DISPOSITIONS (PURCHASES) OF GE SHARES FOR TREASURY
Open market purchases under share repurchase program $ (5,005) $ (2,065) $ (1,715)
Other purchases (110) (100) (77)
Dispositions 951 709 529
$ (4,164) $ (1,456) $ (1,263)
GECC
ALL OTHER OPERATING ACTIVITIES
Net change in other assets $ 203 $ 215 $ 28
Amortization of intangible assets 450 566 653
Net realized losses on investment securities 34 197 91
Cash collateral on derivative contracts 2,900 1,247 —
Change in other liabilities 524 (1,229) (2,709)
Other 1,281 2,286 4,419
$ 5,392 $ 3,282 $ 2,482
NET DECREASE (INCREASE) IN GECC FINANCING RECEIVABLES
Increase in loans to customers $(308,727) $(322,853) $(309,548)
Principal collections from customers—loans 307,711 332,548 327,139
Investment in equipment for financing leases (9,192) (9,610) (10,065)
Principal collections from customers—financing leases 10,976 12,431 14,743
Net change in credit card receivables (8,027) (6,263) (4,554)
Sales of financing receivables 12,642 8,117 5,331
$ 5,383 $ 14,370 $ 23,046
ALL OTHER INVESTING ACTIVITIES
Purchases of securities by insurance activities $ (2,645) $ (1,786) $ (1,712)
Dispositions and maturities of securities by insurance activities 2,999 2,856 3,136
Other assets—investments 7,714 5,822 1,536
Change in other receivables 123 (128) 525
Other 3,510 537 6,475
$ 11,701 $ 7,301 $ 9,960
NEWLY ISSUED DEBT (MATURITIES LONGER THAN 90 DAYS)
Short-term (91 to 365 days) $ 59 $ 10 $ 2,496
Long-term (longer than one year) 55,782 43,257 35,475
$ 55,841 $ 43,267 $ 37,971
REPAYMENTS AND OTHER REDUCTIONS (MATURITIES LONGER THAN 90 DAYS)
Short-term (91 to 365 days) $ (94,114) $ (81,918) $ (95,170)
Long-term (longer than one year) (9,368) (2,786) (1,571)
Principal payments—non-recourse, leveraged leases (426) (732) (638)
$(103,908) $ (85,436) $ (97,379)
ALL OTHER FINANCING ACTIVITIES
Proceeds from sales of investment contracts $ 2,697 $ 4,396 $ 5,337
Redemption of investment contracts (5,515) (6,230) (8,647)
Other (50) 42 (8)
$ (2,868) $ (1,792) $ (3,318)