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, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net earnings (loss)	6,566)	9,443)	292)	(6,591)	5,546)
(Earnings) loss from discontinued operations activities	91)	(414)	644)	3,195)	125)
Depreciation and amortization of property, plant and equipment	834)	1,473)	1,802)	1,871)	4,636)
Amortization of intangible assets	350)	606)	1,742)	1,138)	1,382)
Goodwill impairments	251)	—)	—)	—)	1,717)
(Gains) losses on purchases and sales of business interests	—)	(104)	(66)	40)	(12,526)
(Gains) losses on equity securities	(719)	(5,842)	144)	(1,656)	2,105)
Debt extinguishment costs	—)	—)	465)	6,524)	—)
Principal pension plans cost (benefit)	(653)	(1,108)	575)	2,650)	3,559)
Principal pension plans employer contributions	(210)	(212)	(325)	(326)	(2,806)
Other postretirement benefit plans, net	(299)	(644)	(1,160)	(1,144)	(893)
Provision (benefit) for income taxes	962)	1,162)	476)	(286)	(474)
Cash paid during the year for income taxes	(334)	(1,148)	(1,127)	(1,165)	(1,441)
(Increase) decrease in current receivables	(1,076)	(833)	(3,011)	(177)	(1,319)
(Increase) decrease in inventories, including deferred inventory costs	(1,528)	(1,524)	(2,341)	(702)	1,105)
(Increase) decrease in current contract assets	(112)	1,283)	1,463)	1,031)	1,631)
Increase (decrease) in contract liabilities and current deferred income	1,066)	—)	—)	—)	—)
Increase (decrease) in progress collections	531)	—)	—)	—)	—)
Increase (decrease) in progress collections and current deferred income (legacy)	—)	2,933)	2,492)	(1,052)	(216)
Increase (decrease) in accounts payable	688)	(221)	2,793)	(2)	(575)
Changes in operating working capital	(431)	1,638)	1,396)	(902)	626)
Increase (decrease) in sales discounts and allowances	(266)	—)	—)	—)	—)
Financial services derivatives net collateral/settlement	—)	3)	(154)	(1,143)	—)
All other operating activities	(325)	717)	1,160)	(1,317)	2,041)
Adjustments to reconcile net earnings (loss) to cash from operating activities	(840)	(3,459)	4,928)	4,284)	(2,074)
Cash from operating activities	5,817)	5,570)	5,864)	888)	3,597)
Additions to property, plant and equipment and internal-use software	(1,032)	(1,595)	(1,484)	(1,361)	(3,403)
Dispositions of property, plant and equipment	114)	89)	209)	167)	1,644)
Net (increase) decrease in GE Capital financing receivables	—)	—)	—)	—)	(20)
Proceeds from sale of discontinued operations	—)	—)	—)	22,356)	—)
Proceeds from principal business dispositions	499)	—)	15)	1)	20,596)
Net payments for principal businesses purchased	(135)	(365)	(30)	(1,550)	(85)
Sales of retained ownership interests	5,250)	9,004)	4,717)	4,145)	417)
Net purchases of insurance investment securities	(963)	(986)	(876)	(1,290)	(1,352)
All other investing activities	(4,289)	791)	(726)	1,237)	(1,019)
Cash (used for) from investing activities	(556)	6,938)	1,825)	23,705)	16,778)
Net increase (decrease) in borrowings, maturities of 90 days or less	2)	(55)	65)	(710)	(4,168)
Newly issued debt, maturities longer than 90 days	—)	11)	8,205)	364)	15,028)
Repayments and other debt reductions, maturities longer than 90 days	(788)	(3,360)	(11,205)	(36,521)	(29,876)
Dividends paid to shareholders	(1,008)	(589)	(639)	(575)	(648)
Cash received (paid) for debt extinguishment costs	—)	—)	338)	(7,196)	—)
Redemption of preferred stock	—)	(5,795)	—)	—)	—)
Purchases of common stock for treasury	(5,827)	(1,233)	(1,048)	(107)	—)
All other financing activities	993)	409)	(1,301)	(551)	(189)
Cash used for financing activities	(6,628)	(10,612)	(5,585)	(45,296)	(19,853)
Cash from (used for) operating activities, discontinued operations	(1,107)	(391)	52)	2,444)	—)
Cash (used for) from investing activities, discontinued operations	(1,110)	(2,960)	445)	(2,397)	(136)
Cash from (used for) financing activities, discontinued operations	(98)	2,000)	—)	119)	1)
Cash from (used for) discontinued operations	(2,315)	(1,351)	497)	166)	(135)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	(193)	119)	(369)	(213)	144)
Increase (decrease) in cash, cash equivalents and restricted cash	(3,875)	664)	2,232)	(20,750)	531)
Cash, cash equivalents and restricted cash at beginning of year	19,755)	19,091)	16,859)	37,609)	37,077)
Cash, cash equivalents and restricted cash at end of year	15,880)	19,755)	19,091)	16,859)	37,608)

Based on: 10-K (reporting date: 2024-12-31), 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).

Download chart

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 decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Cash (used for) 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 (used for) from investing activities increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
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 decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.

GE Aerospace (NYSE:GE)

Cash Flow Statement