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134 GE 2013 ANNUAL REPORT
Note 25.
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 and
included certain deal-related costs. Amounts reported in the “Net
cash from (payments for) principal businesses purchased” line is
net of cash acquired and included certain deal-related costs and
debt assumed and immediately repaid in acquisitions. Amounts
reported in the “Proceeds from sale of equity interest in NBCU
LLC” line included certain deal-related costs.
Amounts reported in the “All other operating activities” line in
the Statement of Cash Flows consist primarily of adjustments to
current and noncurrent accruals, deferrals of costs and expenses
and adjustments to assets. GECC had non-cash transactions
related to foreclosed properties and repossessed assets total-
ing $482 million, $839 million and $859 million in 2013, 2012 and
2011, respectively.
Certain supplemental information related to GE and GECC cash fl ows is shown below.
For the years ended December 31 (In millions) 2013 2012 2011
GE
NET DISPOSITIONS (PURCHASES) OF GE SHARES FOR TREASURY
Open market purchases under share repurchase program $ (10,225) $ (5,005) $ (2,065)
Other purchases (91) (110) (100)
Dispositions 1,038 951 709
$ (9,278) $ (4,164) $ (1,456)
GECC
ALL OTHER OPERATING ACTIVITIES
Amortization of intangible assets $ 425 $ 447 $ 562
Net realized losses on investment securities 523 34 197
Cash collateral on derivative contracts (2,271) 2,900 1,247
Increase (decrease) in other liabilities 2,334 560 (1,344)
Other (912) 1,477 2,465
$ 99 $ 5,418 $ 3,127
NET DECREASE (INCREASE) IN GECC FINANCING RECEIVABLES
Increase in loans to customers $ (311,860) $ (308,156) $ (322,270)
Principal collections from customers—loans 307,849 307,250 332,100
Investment in equipment for financing leases (8,652) (9,192) (9,610)
Principal collections from customers—financing leases 9,646 10,976 12,431
Net change in credit card receivables (8,058) (8,030) (6,243)
Sales of financing receivables 14,664 12,642 8,117
$ 3,589 $ 5,490 $ 14,525
ALL OTHER INVESTING ACTIVITIES
Purchases of investment securities $ (16,422) $ (15,666) $ (20,816)
Dispositions and maturities of investment securities 18,139 17,010 19,535
Decrease (increase) in other assets—investments 1,089 4,338 2,672
Proceeds from sales of real estate properties 10,680 3,381 3,152
Other 1,486 2,731 3,190
$ 14,972 $ 11,794 $ 7,733
NEWLY ISSUED DEBT (MATURITIES LONGER THAN 90 DAYS)
Short-term (91 to 365 days) $ 55 $ 59 $ 10
Long-term (longer than one year) 44,833 55,782 43,257
$ 44,888 $ 55,841 $ 43,267
REPAYMENTS AND OTHER REDUCTIONS (MATURITIES LONGER THAN 90 DAYS)
Short-term (91 to 365 days) $ (52,553) $ (94,114) $ (81,918)
Long-term (longer than one year) (3,291) (9,368) (2,786)
Principal payments—non-recourse, leveraged leases (585) (426) (732)
$ (56,429) $ (103,908) $ (85,436)
ALL OTHER FINANCING ACTIVITIES
Proceeds from sales of investment contracts $ 491 $ 2,697 $ 4,396
Redemption of investment contracts (980) (5,515) (6,230)
Other (420) (49) 42
$ (909) $ (2,867) $ (1,792)