Sort by: 2004 | 2003 | 2002 | General Electric Company and consolidated affiliates | GE | GECS
| General Electric Company and consolidated affiliates |
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|---|---|---|---|---|---|---|---|---|---|
For the years ended December 31 (In millions) |
2004 (Restated)(a) |
2003 (Restated)(a) |
2002 (Restated)(a) |
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| CASH FLOWS – OPERATING ACTIVITIES | |||||||||
| Net earnings | $ | 16,819 | $ | 15,236 | $ | 14,167 | |||
| Adjustments to reconcile net earnings to cash provided | |||||||||
| from operating activities | |||||||||
| Cumulative effect of accounting changes | – | 587 | 1,015 | ||||||
| Depreciation and amortization of property, plant and equipment | 8,385 | 6,956 | 6,511 | ||||||
| Earnings (before accounting changes) retained by GECS | – | – | – | ||||||
| Deferred income taxes | (1,554 | ) | 1,280 | 2,446 | |||||
| Decrease (increase) in GE current receivables | (849 | ) | 534 | (409 | ) | ||||
| Decrease (increase) in inventories | (468 | ) | 874 | (87 | ) | ||||
| Increase (decrease) in accounts payable | 5,370 | 802 | 227 | ||||||
| Decrease in GE progress collections | (464 | ) | (2,268 | ) | (5,062 | ) | |||
| Increase in insurance liabilities and reserves | 4,961 | 1,679 | 9,454 | ||||||
| Provision for losses on financing receivables | 3,888 | 3,752 | 3,084 | ||||||
| All other operating activities | 396 | (203 | ) | (2,580 | ) | ||||
| CASH FROM OPERATING ACTIVITIES | 36,484 | 29,229 | 28,766 | ||||||
CASH FLOWS — INVESTING ACTIVITIES |
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| Additions to property, plant and equipment | (13,118 | ) | (9,779 | ) | (14,056 | ) | |||
| Dispositions of property, plant and equipment | 5,845 | 4,952 | 6,357 | ||||||
| Net increase in GECS financing receivables | (15,280 | ) | (4,687 | ) | (18,082 | ) | |||
| Payments for principal businesses purchased | (18,703 | ) | (14,407 | ) | (21,570 | ) | |||
| Investment in GECS | – | – | – | ||||||
| All other investing activities | 2,842 | 2,078 | (13,876 | ) | |||||
| CASH USED FOR INVESTING ACTIVITIES | (38,414 | ) | (21,843 | ) | (61,227 | ) | |||
CASH FLOWS — FINANCING ACTIVITIES |
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| Net increase (decrease) in borrowings (maturities of 90 days or less) | (2,729 | ) | (20,544 | ) | (17,347 | ) | |||
| Newly issued debt (maturities longer than 90 days) | 61,659 | 67,545 | 95,008 | ||||||
| Repayments and other reductions (maturities longer than 90 days) | (47,106 | ) | (43,479 | ) | (40,454 | ) | |||
| Net dispositions (purchases) of GE shares for treasury | 3,993 | 726 | (985 | ||||||
| Dividends paid to shareowners | (8,278 | ) | (7,643 | ) | (7,157 | ) | |||
| All other financing activities | (2,945 | ) | (237 | ) | 3,873 | ||||
| CASH FROM (USED FOR) FINANCING ACTIVITIES | 4,594 | (3,632 | ) | 32,938 | |||||
INCREASE (DECREASE) IN CASH AND EQUIVALENTS DURING YEAR |
2,664 | 3,754 | 477 | ||||||
| Cash and equivalents at beginning of year | 12,664 | 8,910 | 8,433 | ||||||
| Cash and equivalents at end of year | $ | 15,328 | $ | 12,664 | $ | 8,910 | |||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION | |||||||||
| Cash paid during the year for interest | $ | (155 | ) | $ | (155 | ) | $ | (155 | ) |
| Cash recovered (paid) during the year for income taxes | (1,339 | ) | (1,539 | ) | (948 | ) | |||
| The notes to consolidated financial statements on pages 64-125 are an integral part of this statement. |
| (a) | Only certain individual line items within cash from operating activities have been restated. |
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