GE 2015 Annual Report Download - page 162

FINANCIAL STATEMENTS
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134 GE 2015 FORM 10-K
STATEMENT OF CASH FLOWS General Electric Company
and consolidated affiliates
For the years ended December 31 (In millions) 2015 2014 2013
Cash flows ± operating activities
Net earnin
g
s
(
loss
)
$
(
5,795
)
$ 15,345 $ 13,355
Less net earnin
g
s
(
loss
)
attributable to noncontrollin
g
interests 332 112 298
Net earnin
g
s
(
loss
)
attributable to the Com
p
an
y
(
6,126
)
15,233 13,057
(
Earnin
g
s
)
loss from discontinued operations 7,495
(
5,855
)
(
5,475
)
A
d
j
ustments to reconcile net earnin
g
s attributable to the
Compan
y
to cash provided from operatin
g
activities:
Depreciation and amortization of propert
y
,
plant and equipment 4,847 4,953 5,202
Earnin
g
s from continuin
g
operations retained b
y
GE Capital - - -
Deferred income taxes 383
(
882
)
(
3,540
)
Decrease
(
increase
)
in GE current receivables
(
52
)
(
1,913
)
(
485
)
Decrease
(
increase
)
in inventories
(
314
)
(
872
)
(
1,368
)
Increase
(
decrease
)
in accounts pa
y
able
(
541
)
565 442
Increase (decrease) in GE progress collections (996) (515) 1,892
All other operatin
g
activities 7,160 5,318 4,672
Cash from
(
used for
)
o
p
eratin
g
activities ± continuin
g
o
p
erations 11,856 16,033 14,398
Cash from
(
used for
)
operatin
g
activities ± discontinued operations 8,034 11,676 14,112
Cash from
(
used for
)
o
p
eratin
g
activities 19,891 27,709 28,510
Cash flows ± investing activities
A
dditions to propert
y
, plant and equipment
(
7,309
)
(
7,134
)
(
6,754
)
Dispositions of propert
y
, plant and equipment 3,020 2,923 2,716
Net decrease
(
increase
)
in GE Capital financin
g
receivables 1,043 1,260 2,151
Proceeds from sale of discontinued operations 79,615 232 528
Proceeds from principal business dispositions 2,283 630 1,818
Proceeds from sale of equit
y
interest in NBCU LLC - - 16,699
Net cash from
(
pa
y
ments for
)
principal businesses purchased
(
12,027
)
(
2,091
)
(
8,026
)
A
ll other investin
g
activities
(
5,013
)
23,410 35,027
Cash from
(
used for
)
investin
g
activities ± continuin
g
o
p
erations 61,613 19,229 44,159
Cash from
(
used for
)
investin
g
activities ± discontinued operations
(
2,125
)
(
24,263
)
(
15,042
)
Cash from
(
used for
)
investin
g
activities 59,488
(
5,034
)
29,117
Cash flows ± financing activities
Net increase
(
decrease
)
in borrowin
g
s
(
maturities of
90 da
y
s or less
)
(
24,459
)
(
6,409
)
(
14,048
)
Newl
y
issued debt
(
maturities lon
g
er than 90 da
y
s
)
13,951 14,629 38,356
Repa
y
ments and other reductions
(
maturities lon
g
er than 90 da
y
s
)
(
47,038
)
(
38,410
)
(
53,624
)
Proceeds from issuance of GE Capital preferred stock - - 990
Net dispositions
(
purchases
)
of GE shares for treasur
y
(
1,099
)
(
1,218
)
(
9,278
)
Dividends paid to shareowners
(
9,295
)
(
8,852
)
(
7,821
)
A
ll other financin
g
activities
(
1,605
)
(
652
)
(
1,388
)
Cash from
(
used for
)
financin
g
activities ± continuin
g
o
p
erations
(
69,547
)
(
40,912
)
(
46,813
)
Cash from
(
used for
)
financin
g
activities ± discontinued operations
(
6,507
)
23,956 1,238
Cash from
(
used for
)
financin
g
activities
(
76,054
)
(
16,956
)
(
45,575
)
Effect of currenc
y
exchan
g
e rate chan
g
es on cash and e
q
uivalents
(
3,464
)
(
3,492
)
(
795
)
Increase
(
decrease
)
in cash and e
q
uivalents
(
138
)
2,224
11,258
Cash and equivalents at be
g
innin
g
of
y
ear 91,017 88,792 77,533
Cash and e
q
uivalents at end of
y
ear 90,879 91,017 88,792
Less cash and equivalents of discontinued operations
at end of year 20,395 20,991 9,617
Cash and e
q
uivalents of continuin
g
o
p
erations at end of
y
ear $ 70,483 $ 70,025 $ 79,173
Supplemental disclosure of cash flows information
Cash paid during the year for interest $ (9,558) $ (9,560) $ (8,988)
Cash recovered (paid) during the year for income taxes (2,486) (2,955) (2,487)
Amounts may not add due to rounding.
See accompanying notes.
134 GE 2015 FORM 10-K