Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

GE Aerospace, consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net earnings (loss)	9,443)	292)	(6,591)	5,546)	(4,912)
(Earnings) loss from discontinued operations activities	(414)	644)	3,195)	125)	5,335)
Depreciation and amortization of property, plant and equipment	1,473)	1,802)	1,871)	4,636)	4,026)
Amortization of intangible assets	606)	1,742)	1,138)	1,382)	1,569)
Goodwill impairments	—)	—)	—)	1,717)	1,486)
(Gains) losses on purchases and sales of business interests	(104)	(66)	40)	(12,526)	(53)
(Gains) losses on retained and sold ownership interests and other equity securities	(5,842)	144)	(1,656)	2,105)	(693)
Debt extinguishment costs	—)	465)	6,524)	—)	—)
Principal pension plans cost	(1,108)	575)	2,650)	3,559)	3,878)
Principal pension plans employer contributions	(212)	(325)	(326)	(2,806)	(298)
Other postretirement benefit plans, net	(644)	(1,160)	(1,144)	(893)	(1,228)
Provision (benefit) for income taxes	1,162)	476)	(286)	(474)	726)
Cash paid during the year for income taxes	(1,148)	(1,127)	(1,165)	(1,441)	(1,950)
(Increase) decrease in current receivables	(833)	(3,011)	(177)	(1,319)	(2,851)
(Increase) decrease in inventories, including deferred inventory costs	(1,524)	(2,341)	(702)	1,105)	(1,581)
(Increase) decrease in current contract assets	1,283)	1,463)	1,031)	1,631)	891)
Increase (decrease) in accounts payable and equipment project payables	(221)	2,793)	(2)	(575)	2,674)
Increase (decrease) in progress collections and current deferred income	2,933)	2,492)	(1,052)	(216)	1,531)
Changes in operating working capital	1,638)	1,396)	(902)	626)	664)
Financial services derivatives net collateral/settlement	3)	(154)	(1,143)	—)	—)
All other operating activities	717)	1,160)	(1,317)	2,041)	1,869)
Adjustments to reconcile net earnings (loss) to cash from operating activities	(3,459)	4,928)	4,284)	(2,074)	9,996)
Cash from operating activities	5,570)	5,864)	888)	3,597)	10,419)
Additions to property, plant and equipment and internal-use software	(1,595)	(1,484)	(1,361)	(3,403)	(6,095)
Dispositions of property, plant and equipment	89)	209)	167)	1,644)	3,718)
Net (increase) decrease in GE Capital financing receivables	—)	—)	—)	(20)	1,117)
Proceeds from sale of discontinued operations	—)	—)	22,356)	—)	5,864)
Proceeds from principal business dispositions	—)	15)	1)	20,596)	4,683)
Net payments for principal businesses purchased	(365)	(30)	(1,550)	(85)	(68)
Dispositions of retained ownership interests	9,004)	4,717)	4,145)	417)	3,383)
Net purchases of insurance investment securities	(986)	(876)	(1,290)	(1,352)	(1,616)
All other investing activities	791)	(726)	1,237)	(1,019)	(302)
Cash from investing activities	6,938)	1,825)	23,705)	16,778)	10,684)
Net increase (decrease) in borrowings, maturities of 90 days or less	(55)	65)	(710)	(4,168)	280)
Newly issued debt, maturities longer than 90 days	11)	8,205)	364)	15,028)	2,185)
Repayments and other debt reductions, maturities longer than 90 days	(3,360)	(11,205)	(36,521)	(29,876)	(16,567)
Dividends paid to shareholders	(589)	(639)	(575)	(648)	(649)
Cash received (paid) for debt extinguishment costs	—)	338)	(7,196)	—)	—)
Redemption of GE preferred stock	(5,795)	—)	—)	—)	—)
Purchases of GE common stock for treasury	(1,233)	(1,048)	(107)	—)	—)
All other financing activities	409)	(1,301)	(551)	(189)	(1,013)
Cash used for financing activities	(10,612)	(5,585)	(45,296)	(19,853)	(15,764)
Cash from (used for) operating activities, discontinued operations	(391)	52)	2,444)	—)	(1,647)
Cash (used for) from investing activities, discontinued operations	(2,960)	445)	(2,397)	(136)	(1,745)
Cash from (used for) financing activities, discontinued operations	2,000)	—)	119)	1)	(368)
Cash from (used for) discontinued operations	(1,351)	497)	166)	(135)	(3,760)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	119)	(369)	(213)	144)	(50)
Increase (decrease) in cash, cash equivalents and restricted cash	664)	2,232)	(20,750)	531)	1,529)
Cash, cash equivalents and restricted cash at beginning of year	19,091)	16,859)	37,609)	37,077)	35,548)
Cash, cash equivalents and restricted cash at end of year	19,755)	19,091)	16,859)	37,608)	37,077)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Cash flow statement item	Description	The company
Cash from operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	GE Aerospace cash from operating activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Cash from investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	GE Aerospace cash from investing activities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Cash used for financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	GE Aerospace cash used for financing activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

GE Aerospace (NYSE:GE)

Cash Flow Statement