|
|
Sort by: 2006 | 2005 | 2004 | General Electric Company and consolidated affiliates | GE | GECS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
GECS |
| For the years ended December 31 (In millions) |
|
2006 |
|
|
2005 |
|
|
2004 |
|
| CASh flOwS — OPERATING ACTIVITIES |
|
|
|
|
|
|
|
|
|
| Net earnings |
|
|
|
|
|
|
|
|
|
| Loss (earnings) from discontinued operations |
|
(163 |
) |
|
1,950 |
|
|
(559 |
) |
| Adjustments to reconcile net earnings to cash provided from operating activities |
|
|
|
|
|
|
|
|
|
| Depreciation and amortization of property, plant and equipment |
|
6,534 |
|
|
6,036 |
|
|
5,815 |
|
| Net earnings retained by GECS |
|
— |
|
|
— |
|
|
— |
|
| Deferred income taxes |
|
1,108 |
|
|
(653 |
) |
|
226 |
|
| Decrease (increase) in GE current receivables |
|
— |
|
|
— |
|
|
— |
|
| Decrease (increase) in inventories |
|
(23 |
) |
|
30 |
|
|
(9 |
) |
| Increase (decrease) in accounts payable |
|
(1 |
) |
|
(397 |
) |
|
2,593 |
|
| Increase (decrease) in GE progress collections |
|
— |
|
|
— |
|
|
— |
|
| Provision for losses on GECS financing receivables |
|
3,839 |
|
|
3,841 |
|
|
3,888 |
|
| All other operating activities |
|
(41 |
) |
|
1,403 |
|
|
(167 |
) |
| Cash from operating activities — continuing operations |
|
21,911 |
|
|
19,787 |
|
|
20,515 |
|
| Cash from (used for) operating activities — discontinued operations |
|
(2,373 |
) |
|
5,027 |
|
|
5,621 |
|
| CASH FROM OPERATING ACTIVITIES |
|
19,538 |
|
|
24,814 |
|
|
26,136 |
|
| CASH FLOWS — INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
| Additions to property, plant and equipment |
|
(13,184 |
) |
|
(11,629 |
) |
|
(10,665 |
) |
| Dispositions of property, plant and equipment |
|
6,799 |
|
|
6,027 |
|
|
5,839 |
|
| Net increase in GECS financing receivables |
|
(41,046 |
) |
|
(16,954 |
) |
|
(15,280 |
) |
| Proceeds from sales of discontinued operations |
|
9,022 |
|
|
8,106 |
|
|
3,437 |
|
| Proceeds from principal business dispositions |
|
386 |
|
|
209 |
|
|
472 |
|
| Payments for principal businesses purchased |
|
(7,299 |
) |
|
(7,167 |
) |
|
(13,888 |
) |
| All other investing activities |
|
(5,555 |
) |
|
(2,706 |
) |
|
4,156 |
|
| Cash used for investing activities — continuing operations |
|
(50,877 |
) |
|
(24,114 |
) |
|
(25,929 |
) |
| Cash used for investing activities — discontinued operations |
|
(383 |
) |
|
(5,733 |
) |
|
(7,651 |
) |
| CASH USED FOR INVESTING ACTIVITIES |
|
(51,260 |
) |
|
(29,847 |
) |
|
(33,580 |
) |
| CASH FLOWS — FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
| Net increase (decrease) in borrowings (maturities of 90 days or less) |
|
6,461 |
|
|
(4,044 |
) |
|
33 |
|
| Newly issued debt (maturities longer than 90 days) |
|
88,278 |
|
|
65,054 |
|
|
58,143 |
|
| Repayments and other reductions (maturities longer than 90 days) |
|
(49,253 |
) |
|
(49,709 |
) |
|
(45,538 |
) |
| Net dispositions (purchases) of GE shares for treasury |
|
— |
|
|
— |
|
|
— |
|
| Dividends paid to shareowners |
|
(9,847 |
) |
|
(7,816 |
) |
|
(3,105 |
) |
| All other financing activities |
|
(1,174 |
) |
|
(1,128 |
) |
|
(3,304 |
) |
| Cash from (used for) financing activities — continuing operations |
|
34,465 |
|
|
2,357 |
|
|
6,229 |
|
| Cash from (used for) financing activities — discontinued operations |
|
(220 |
) |
|
415 |
|
|
2,309 |
|
| CASH FROM (USED FOR) FINANCING ACTIVITIES |
|
34,245 |
|
|
2,772 |
|
|
8,538 |
|
| INCREASE (DECREASE) IN CASH AND EQUIVALENTS DURING YEAR |
|
2,523 |
|
|
(2,261 |
) |
|
1,094 |
|
| Cash and equivalents at beginning of year |
|
10,106 |
|
|
12,367 |
|
|
11,273 |
|
| Cash and equivalents at end of year |
|
12,629 |
|
|
10,106 |
|
|
12,367 |
|
| Less cash and equivalents of discontinued operations at end of year |
|
— |
|
|
2,976 |
|
|
3,267 |
|
| Cash and equivalents of continuing operations at end of year |
|
|
|
|
|
|
|
|
|
| SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION |
|
|
|
|
|
|
|
|
|
| Cash paid during the year for interest |
|
|
) |
|
|
) |
|
|
) |
| Cash recovered (paid) during the year for income taxes |
|
(666 |
) |
|
(1,425 |
) |
|
922 |
|
|
