Changes in operating assets and liabilities are net of acquisitions and dispositions of principal businesses.
Amounts reported in the “Payments for principal businesses purchased” line in the Statement of Cash Flows is net of cash acquired and included debt assumed and immediately repaid in acquisitions.
Amounts reported in the “All other operating activities” line in the Statement of Cash Flows consists primarily of adjustments to current and noncurrent accruals and deferrals of costs and expenses, adjustments for gains and losses on assets, increases and decreases in assets held for sale and adjustments to assets.
Significant non-cash transactions include the following: In 2006, in connection with our sale of GE Insurance Solutions, Swiss Re assumed $1,700 million of debt, and GE received $2,238 million of newly issued Swiss Re common stock. See note 2. In 2005, NBC Universal acquired IAC/InterActiveCorp’s 5.44% common interest in VUE for a total purchase price that included $115 million of non-cash consideration, representing the fair value of future services to be performed by NBC Universal; and in 2004, the issuance of GE common stock valued at $10,674 million in connection with the acquisition of Amersham and the issuance of NBC Universal common stock valued at $5,845 million in connection with the combination of NBC and VUE.
Certain supplemental information related to GE and GECS cash flows is shown below.
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|
| December 31 (In millions) |
2006 |
|
2005 |
|
2004 |
|
| GE |
|
|
|
|
|
|
|
|
|
| NET DISPOSITIONS (PURCHASES) OF GE SHARES FOR TREASURY |
|
|
|
|
|
|
|
|
|
| Open market purchases under share repurchase program |
|
|
) |
|
|
) |
|
|
) |
| Other purchases |
|
(2,458 |
) |
|
(1,844 |
) |
|
(1,689 |
) |
| Dispositions |
|
1,958 |
|
|
2,024 |
|
|
5,885 |
|
|
|
|
) |
|
|
) |
|
|
|
| GECS |
|
|
|
|
|
|
|
|
|
| ALL OTHER OPERATING ACTIVITIES |
|
|
|
|
|
|
|
|
|
| Net change in assets held for sale |
|
|
) |
|
|
|
|
|
|
| Amortization of intangible assets |
|
627 |
|
|
459 |
|
|
519 |
|
| Realized gains on sale of investment securities |
|
(146 |
) |
|
(377 |
) |
|
(222 |
) |
| Other |
|
1,056 |
|
|
(871 |
) |
|
(548 |
) |
|
|
|
) |
|
|
|
|
|
) |
| NET INCREASE IN GECS FINANCING RECEIVABLES |
|
|
|
|
|
|
|
|
|
| Increase in loans to customers |
|
|
) |
|
|
) |
|
|
) |
| Principal collections from customers — loans |
|
300,150 |
|
|
267,728 |
|
|
305,846 |
|
| Investment in equipment for financing leases |
|
(25,618 |
) |
|
(23,508 |
) |
|
(22,649 |
) |
| Principal collections from customers — financing leases |
|
18,791 |
|
|
21,770 |
|
|
19,715 |
|
| Net change in credit card receivables |
|
(25,790 |
) |
|
(21,391 |
) |
|
(20,651 |
) |
| Sales of financing receivables |
|
67,471 |
|
|
54,144 |
|
|
44,816 |
|
|
|
|
) |
|
|
) |
|
|
) |
| ALL OTHER INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
| Purchases of securities by insurance activities |
|
|
) |
|
|
) |
|
|
) |
| Dispositions and maturities of securities by insurance activities |
|
11,635 |
|
|
10,792 |
|
|
8,922 |
|
| Other assets — investments |
|
(6,242 |
) |
|
(919 |
) |
|
(386 |
) |
| Other |
|
943 |
|
|
(3,754 |
) |
|
2,092 |
|
|
|
|
) |
|
|
) |
|
|
|
| NEWLY ISSUED DEBT HAVING MATURITIES LONGER THAN 90 DAYS |
|
|
|
|
|
|
|
|
|
| Short-term (91 to 365 days) |
|
|
|
|
|
|
|
|
|
| Long-term (longer than one year) |
|
86,026 |
|
|
60,176 |
|
|
53,641 |
|
| Proceeds — nonrecourse, leveraged lease |
|
1,015 |
|
|
203 |
|
|
562 |
|
|
|
|
|
|
|
|
|
|
|
| REPAYMENTS AND OTHER REDUCTIONS OF DEBT HAVING MATURITIES LONGER THAN 90 DAYS |
|
|
|
|
|
|
|
|
|
| Short-term (91 to 365 days) |
|
|
) |
|
|
) |
|
|
) |
| Long-term (longer than one year) |
|
(5,578 |
) |
|
(10,746 |
) |
|
(3,443 |
) |
| Principal payments — nonrecourse, leveraged lease |
|
(1,404 |
) |
|
(831 |
) |
|
(652 |
) |
|
|
|
) |
|
|
) |
|
|
) |
| ALL OTHER FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
| Proceeds from sales of investment contracts |
|
|
|
|
|
|
|
|
|
| Redemption of investment contracts |
|
(17,603 |
) |
|
(16,934 |
) |
|
(14,474 |
) |
| Other |
|
11 |
|
|
— |
|
|
— |
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) |
|
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) |
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) |
| |
