GE 2014 Annual Report Download - page 232
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212 GE 2014 FORM 10-K
FINANCIAL STATEMENTS INTERCOMPANY TRANSACTIONS
NOTE 26. INTERCOMPANY TRANSACTIONS
Transactions between related companies are made on an arms-length basis, are eliminated and consist primarily of
GECC dividends to GE; GE customer receivables sold to GECC; GECC services for trade receivables management and
material procurement; buildings and equipment (including automobiles) leased between GE and GECC; information
technology (IT) and other services sold to GECC by GE; aircraft engines manufactured by GE that are installed on aircraft
purchased by GECC from third-party producers for lease to others; and various investments, loans and allocations of GE
corporate overhead costs.
These intercompany transactions are reported in the GE and GECC columns of our financial statements, but are
eliminated in deriving our consolidated financial statements. Effects of these eliminations on our consolidated cash flows
from operating, investing and financing activities are $(5,404) million, $1,978 million and $3,426 million for 2014, $(5,088)
million, $492 million and $4,690 million for 2013 and $(8,542) million, $2,328 million and $6,703 million for 2012,
respectively. Details of these eliminations are shown below.
(In millions) 2014 2013 2012
Cash from (used for) operating activities-continuing operations
Combined $ 32,919 $ 34,125 $ 39,557
GE customer receivables sold to GECC (1,918) 360 (1,809)
GECC dividends to GE (3,000) (5,985) (6,426)
Other reclassifications and eliminations (486) 537
(307)
$ 27,515 $ 29,037 $ 31,015
Cash from (used for) investing activities-continuing operations
Combined $ (6,720) $ 28,182 $ 9,262
GE customer receivables sold to GECC 1,766
262
2,005
Other reclassifications and eliminations 212 230 323
$ (4,742) $ 28,674 $ 11,590
Cash from (used for) financing activities-continuing operations
Combined $ (20,378) $ (50,319) $ (57,758)
GE customer receivables sold to GECC 152 (622) (196)
GECC dividends to GE 3,000
5,985
6,426
Other reclassifications and eliminations 274 (673) 473
$ (16,952) $ (45,629) $ (51,055)