Exhibit 99(b)
General Electric Company
Immaterial Corrections
During the course of an internal review in connection with our ongoing U.S. Securities and Exchange Commission (SEC) investigation, we identified certain immaterial items with respect to the Statement of Cash Flows that we have corrected from amounts in previous filings. The items primarily relate to elimination of intercompany transactions between GE and GECS and include effects of clerical errors, errors in elimination classifications among operating, investing and financing activities and transaction-reporting errors involving identification of inter-company transactions that had not previously been eliminated in the Consolidated Statement of Cash Flows.
To assist in understanding the effects of these immaterial items, we set forth below the adjusted data that will be included in future Exchange Act reports;
| · | Statements of Cash Flows data for the years ended December 31, 2005, 2006 and 2007. |
| · | Condensed Statements of Cash Flows data for the three months ended March 31, 2007, six months ended June 30, 2007, nine months ended September 30, 2007 and three months ended March 31, 2008. |
Condensed Statement of Cash Flows
General Electric Company and consolidated affiliates
| | Three months ended March 31 (Unaudited) | |
| | Consolidated | | GE(a) | | Financial Services (GECS) | |
| | 2008 | | 2008 | | 2008 | |
| (In millions) | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net earnings | $ | 4,304 | | $ | – | | $ | 4,304 | | $ | 4,304 | | $ | – | | $ | 4,304 | | $ | 2,395 | | $ | – | | $ | 2,395 | |
| Loss from discontinued operations | | 57 | | | – | | | 57 | | | 57 | | | – | | | 57 | | | 71 | | | – | | | 71 | |
| Adjustments to reconcile net earnings to cash | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| provided from operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Depreciation and amortization of property, plant and equipment | | 2,682 | | | – | | | 2,682 | | | 556 | | | – | | | 556 | | | 2,126 | | | – | | | 2,126 | |
| Net earnings from continuing operations retained by GECS | | – | | | – | | | – | | | (1,336 | ) | | – | | | (1,336 | ) | | – | | | – | | | – | |
| Deferred income taxes | | (969 | ) | | – | | | (969 | ) | | (352 | ) | | – | | | (352 | ) | | (617 | ) | | – | | | (617 | ) |
| Decrease in GE current receivables | | 787 | | | (681 | ) | | 106 | | | 396 | | | – | | | 396 | | | – | | | – | | | – | |
| Increase in inventories | | (1,381 | ) | | (31 | ) | | (1,412 | ) | | (1,375 | ) | | – | | | (1,375 | ) | | (6 | ) | | – | | | (6 | ) |
| Increase (decrease) in accounts payable | | (422 | ) | | 714 | | | 292 | | | 125 | | | – | | | 125 | | | (450 | ) | | 644 | | | 194 | |
| Increase in GE progress collections | | 1,412 | | | 24 | | | 1,436 | | | 1,553 | | | – | | | 1,553 | | | – | | | – | | | – | |
| Provision for losses on GECS financing receivables | | 1,359 | | | – | | | 1,359 | | | – | | | – | | | – | | | 1,359 | | | – | | | 1,359 | |
| All other operating activities | | (1,487 | ) | | 108 | | | (1,379 | ) | | 926 | | | – | | | 926 | | | (2,269 | ) | | – | | | (2,269 | ) |
| Cash from operating activities - continuing operations | | 6,342 | | | 134 | | | 6,476 | | | 4,854 | | | – | | | 4,854 | | | 2,609 | | | 644 | | | 3,253 | |
| Cash from operating activities - discontinued operations | | 449 | | | – | | | 449 | | | – | | | – | | | – | | | 449 | | | – | | | 449 | |
| Cash from operating activities | | 6,791 | | | 134 | | | 6,925 | | | 4,854 | | | – | | | 4,854 | | | 3,058 | | | 644 | | | 3,702 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – investing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Additions to property, plant and equipment | | (3,733 | ) | | 15 | | | (3,718 | ) | | (894 | ) | | – | | | (894 | ) | | (2,955 | ) | | – | | | (2,955 | ) |
| Dispositions of property, plant and equipment | | 3,212 | | | – | | | 3,212 | | | – | | | – | | | – | | | 3,212 | | | – | | | 3,212 | |
| Net increase in GECS financing receivables | | (11,782 | ) | | 29 | | | (11,753 | ) | | – | | | – | | | – | | | (11,712 | ) | | (644 | ) | | (12,356 | ) |
| Proceeds from sale of discontinued operations | | 203 | | | – | | | 203 | | | 203 | | | – | | | 203 | | | – | | | – | | | – | |
| Proceeds from principal business dispositions | | 4,305 | | | – | | | 4,305 | | | – | | | – | | | – | | | 4,305 | | | – | | | 4,305 | |
| Payments for principal businesses purchased | | (12,759 | ) | | – | | | (12,759 | ) | | (107 | ) | | – | | | (107 | ) | | (12,652 | ) | | – | | | (12,652 | ) |
| All other investing activities | | (647 | ) | | (88 | ) | | (735 | ) | | (35 | ) | | – | | | (35 | ) | | (388 | ) | | – | | | (388 | ) |
| Cash used for investing activities – continuing operations | | (21,201 | ) | | (44 | ) | | (21,245 | ) | | (833 | ) | | – | | | (833 | ) | | (20,190 | ) | | (644 | ) | | (20,834 | ) |
| Cash used for investing activities – discontinued operations | | (437 | ) | | – | | | (437 | ) | | – | | | – | | | – | | | (437 | ) | | – | | | (437 | ) |
| Cash used for investing activities | | (21,638 | ) | | (44 | ) | | (21,682 | ) | | (833 | ) | | – | | | (833 | ) | | (20,627 | ) | | (644 | ) | | (21,271 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – financing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | | 2,296 | | | (90 | ) | | 2,206 | | | (1,658 | ) | | – | | | (1,658 | ) | | 3,847 | | | – | | | 3,847 | |
| Newly issued debt (maturities longer than 90 days) | | 35,833 | | | – | | | 35,833 | | | 39 | | | – | | | 39 | | | 35,942 | | | – | | | 35,942 | |
| Repayments and other reductions (maturities longer than 90 days) | | (20,250 | ) | | – | | | (20,250 | ) | | (46 | ) | | – | | | (46 | ) | | (20,204 | ) | | – | | | (20,204 | ) |
| Net purchases of GE shares for treasury | | (864 | ) | | – | | | (864 | ) | | (864 | ) | | – | | | (864 | ) | | – | | | – | | | – | |
| Dividends paid to shareowners | | (3,110 | ) | | – | | | (3,110 | ) | | (3,110 | ) | | – | | | (3,110 | ) | | (1,130 | ) | | – | | | (1,130 | ) |
| All other financing activities | | 498 | | | – | | | 498 | | | – | | | – | | | – | | | 498 | | | – | | | 498 | |
| Cash from (used for) financing activities – continuing operations | | 14,403 | | | (90 | ) | | 14,313 | | | (5,639 | ) | | – | | | (5,639 | ) | | 18,953 | | | – | | | 18,953 | |
| Cash from (used for) financing activities – discontinued operations | | – | | | – | | | – | | | – | | | – | | | – | | | – | | | – | | | – | |
| Cash from (used for) financing activities | | 14,403 | | | (90 | ) | | 14,313 | | | (5,639 | ) | | – | | | (5,639 | ) | | 18,953 | | | – | | | 18,953 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Increase (decrease) in cash and equivalents | | (444 | ) | | – | | | (444 | ) | | (1,618 | ) | | – | | | (1,618 | ) | | 1,384 | | | – | | | 1,384 | |
| Cash and equivalents at beginning of year | | 16,031 | | | – | | | 16,031 | | | 6,702 | | | – | | | 6,702 | | | 9,739 | | | – | | | 9,739 | |
| Cash and equivalents at March 31 | | 15,587 | | | – | | | 15,587 | | | 5,084 | | | – | | | 5,084 | | | 11,123 | | | – | | | 11,123 | |
| Less cash and equivalents of discontinued operations at March 31 | | 296 | | | – | | | 296 | | | – | | | – | | | – | | | 296 | | | – | | | 296 | |
| Cash and equivalents of continuing operations at March 31 | $ | 15,291 | | $ | – | | $ | 15,291 | | $ | 5,084 | | $ | – | | $ | 5,084 | | $ | 10,827 | | $ | – | | $ | 10,827 | |
| (a) | Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services) which is presented on a one-line basis. |
| Separate information is shown for “GE” and “Financial Services (GECS).” Transactions between GE and GECS have been eliminated from the “Consolidated” columns. |
Statement of Cash Flows
General Electric Company and consolidated affiliates
| | Twelve months ended December 31 (Unaudited) | |
| | Consolidated | | GE(a) | | Financial Services (GECS) | |
| | 2007 | | 2007 | | 2007 | |
| (In millions) | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net earnings | $ | 22,208 | | $ | – | | $ | 22,208 | | $ | 22,208 | | $ | – | | $ | 22,208 | | $ | 10,301 | | $ | – | | $ | 10,301 | |
| Loss from discontinued operations | | 260 | | | – | | | 260 | | | 260 | | | – | | | 260 | | | 2,127 | | | – | | | 2,127 | |
| Adjustments to reconcile net earnings to cash | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| provided from operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Depreciation and amortization of property, plant and equipment | | 10,278 | | | – | | | 10,278 | | | 2,149 | | | – | | | 2,149 | | | 8,129 | | | – | | | 8,129 | |
| Earnings from continuing operations retained by GECS | | – | | | – | | | – | | | (5,137 | ) | | – | | | (5,137 | ) | | – | | | – | | | – | |
| Deferred income taxes | | 623 | | | – | | | 623 | | | 564 | | | – | | | 564 | | | 59 | | | – | | | 59 | |
| Decrease (increase) in GE current receivables | | 980 | | | (1,848 | ) | | (868 | ) | | 14 | | | – | | | 14 | | | – | | | – | | | – | |
| Decrease (increase) in inventories | | (1,494 | ) | | (68 | ) | | (1,562 | ) | | (1,496 | ) | | – | | | (1,496 | ) | | 2 | | | – | | | 2 | |
| Increase (decrease) in accounts payable | | 469 | | | (1,376 | ) | | (907 | ) | | (1,073 | ) | | – | | | (1,073 | ) | | 1,784 | | | (1,209 | ) | | 575 | |
| Increase in GE progress collections | | 4,458 | | | 164 | | | 4,622 | | | 4,620 | | | – | | | 4,620 | | | – | | | – | | | – | |
| Provision for losses on GECS financing receivables | | 4,546 | | | – | | | 4,546 | | | – | | | – | | | – | | | 4,546 | | | – | | | 4,546 | |
| All other operating activities | | 657 | | | 285 | | | 942 | | | 1,192 | | | – | | | 1,192 | | | (524 | ) | | – | | | (524 | ) |
| Cash from operating activities - continuing operations | | 42,985 | | | (2,843 | ) | | 40,142 | | | 23,301 | | | – | | | 23,301 | | | 26,424 | | | (1,209 | ) | | 25,215 | |
| Cash from (used for) operating activities - discontinued operations | | 2,982 | | | 198 | | | 3,180 | | | (857 | ) | | – | | | (857 | ) | | 3,839 | | | – | | | 3,839 | |
| Cash from operating activities | | 45,967 | | | (2,645 | ) | | 43,322 | | | 22,444 | | | – | | | 22,444 | | | 30,263 | | | (1,209 | ) | | 29,054 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – investing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Additions to property, plant and equipment | | (17,870 | ) | | 65 | | | (17,805 | ) | | (2,968 | ) | | – | | | (2,968 | ) | | (15,219 | ) | | – | | | (15,219 | ) |
| Dispositions of property, plant and equipment | | 8,460 | | | – | | | 8,460 | | | – | | | – | | | – | | | 8,460 | | | – | | | 8,460 | |
| Net increase in GECS financing receivables | | (47,121 | ) | | 2,889 | | | (44,232 | ) | | – | | | – | | | – | | | (45,368 | ) | | 1,209 | | (44,159 | ) |
| Proceeds from sales of discontinued operations | | 11,574 | | | – | | | 11,574 | | | 10,826 | | | – | | | 10,826 | | | 117 | | | – | | | 117 | |
| Proceeds from principal business dispositions | | 2,746 | | | – | | | 2,746 | | | 1,047 | | | – | | | 1,047 | | | 1,699 | | | – | | | 1,699 | |
| Payments for principal businesses purchased | | (17,215 | ) | | – | | | (17,215 | ) | | (9,645 | ) | | – | | | (9,645 | ) | | (7,570 | ) | | – | | | (7,570 | ) |
| All other investing activities | | (10,275 | ) | | 164 | | | (10,111 | ) | | (1,697 | ) | | – | | | (1,697 | ) | | (8,931 | ) | | – | | | (8,931 | ) |
| Cash used for investing activities – continuing operations | | (69,701 | ) | | 3,118 | | | (66,583 | ) | | (2,437 | ) | | – | | | (2,437 | ) | | (66,812 | ) | | 1,209 | | | (65,603 | ) |
| Cash from (used for) investing activities – discontinued operations | | (2,723 | ) | | (198 | ) | | (2,921 | ) | | 1,003 | | | – | | | 1,003 | | | (3,726 | ) | | – | | | (3,726 | ) |
| Cash used for investing activities | | (72,424 | ) | | 2,920 | | | (69,504 | ) | | (1,434 | ) | | – | | | (1,434 | ) | | (70,538 | ) | | 1,209 | | | (69,329 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – financing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | | 2,339 | | | (275 | ) | | 2,064 | | | (3,284 | ) | | – | | | (3,284 | ) | | 3,398 | | | – | | | 3,398 | |
| Newly issued debt (maturities longer than 90 days) | | 100,866 | | | – | | | 100,866 | | | 8,751 | | | – | | | 8,751 | | | 92,016 | | | – | | | 92,016 | |
| Repayments and other reductions (maturities longer than 90 days) | | (49,826 | ) | | – | | | (49,826 | ) | | (298 | ) | | – | | | (298 | ) | | (49,528 | ) | | – | | | (49,528 | ) |
| Net purchases of GE shares for treasury | | (12,319 | ) | | – | | | (12,319 | ) | | (12,319 | ) | | – | | | (12,319 | ) | | – | | | – | | | – | |
| Dividends paid to shareowners | | (11,492 | ) | | – | | | (11,492 | ) | | (11,492 | ) | | – | | | (11,492 | ) | | (7,291 | ) | | – | | | (7,291 | ) |
| All other financing activities | | (1,204 | ) | | – | | | (1,204 | ) | | – | | | – | | | – | | | (1,204 | ) | | – | | | (1,204 | ) |
| Cash from (used for) financing activities – continuing operations | | 28,364 | | | (275 | ) | | 28,089 | | | (18,642 | ) | | – | | | (18,642 | ) | | 37,391 | | | – | | | 37,391 | |
| Cash used for financing activities – discontinued operations | | (152 | ) | | – | | | (152 | ) | | (146 | ) | | – | | | (146 | ) | | (6 | ) | | – | | | (6 | ) |
| Cash from (used for) financing activities | | 28,212 | | | (275 | ) | | 27,937 | | | (18,788 | ) | | – | | | (18,788 | ) | | 37,385 | | | – | | | 37,385 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Increase (decrease) in cash and equivalents during year | | 1,755 | | | – | | | 1,755 | | | 2,222 | | | – | | | 2,222 | | | (2,890 | ) | | – | | | (2,890 | ) |
| Cash and equivalents at beginning of year | | 14,276 | | | – | | | 14,276 | | | 4,480 | | | – | | | 4,480 | | | 12,629 | | | – | | | 12,629 | |
| Cash and equivalents at end of year | | 16,031 | | | – | | | 16,031 | | | 6,702 | | | – | | | 6,702 | | | 9,739 | | | – | | | 9,739 | |
| Less cash and equivalents of discontinued operations at end of year | | 284 | | | – | | | 284 | | | – | | | – | | | – | | | 284 | | | – | | | 284 | |
| Cash and equivalents of continuing operations at end of year | $ | 15,747 | | $ | – | | $ | 15,747 | | $ | 6,702 | | $ | – | | $ | 6,702 | | $ | 9,455 | | $ | – | | $ | 9,455 | |
| (a) | Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services) which is presented on a one-line basis. |
| Separate information is shown for “GE” and “Financial Services (GECS).” Transactions between GE and GECS have been eliminated from the “Consolidated” columns. |
Condensed Statement of Cash Flows
General Electric Company and consolidated affiliates
| | Nine months ended September 30 (Unaudited) | |
| | Consolidated | | GE(a) | | Financial Services (GECS) | |
| | 2007 | | 2007 | | 2007 | |
| (In millions) | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net earnings | $ | 15,521 | | $ | – | | $ | 15,521 | | $ | 15,521 | | $ | – | | $ | 15,521 | | $ | 7,056 | | $ | – | | $ | 7,056 | |
| Loss (earnings) of discontinued operations | | 135 | | | – | | | 135 | | | (1,868 | ) | | – | | | (1,868 | ) | | 2,003 | | | – | | | 2,003 | |
| Adjustments to reconcile net earnings to cash | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| provided from operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Depreciation and amortization of property, plant and equipment | | 7,432 | | | – | | | 7,432 | | | 1,577 | | | – | | | 1,577 | | | 5,855 | | | – | | | 5,855 | |
| Net earnings retained by GECS | | – | | | – | | | – | | | (1,185 | ) | | – | | | (1,185 | ) | | – | | | – | | | – | |
| Deferred income taxes | | 778 | | | – | | | 778 | | | 239 | | | – | | | 239 | | | 539 | | | – | | | 539 | |
| Decrease (increase) in GE current receivables | | (230 | ) | | (526 | ) | | (756 | ) | | 406 | | | – | | | 406 | | | – | | | – | | | – | |
| Increase in inventories | | (1,963 | ) | | (54 | ) | | (2,017 | ) | | (1,959 | ) | | – | | | (1,959 | ) | | (4 | ) | | – | | | (4 | ) |
| Decrease in accounts payable | | (1,979 | ) | | (754 | ) | | (2,733 | ) | | (1,071 | ) | | – | | | (1,071 | ) | | (611 | ) | | (816 | ) | | (1,427 | ) |
| Increase in GE progress collections | | 2,805 | | | 193 | | | 2,998 | | | 2,805 | | | – | | | 2,805 | | | – | | | – | | | – | |
| Provision for losses on GECS financing receivables | | 3,216 | | | – | | | 3,216 | | | – | | | – | | | – | | | 3,216 | | | – | | | 3,216 | |
| All other operating activities | | (963 | ) | | 499 | | | (464 | ) | | 2,202 | | | – | | | 2,202 | | | (3,039 | ) | | – | | | (3,039 | ) |
| Cash from operating activities – continuing operations | | 24,752 | | | (642 | ) | | 24,110 | | | 16,667 | | | – | | | 16,667 | | | 15,015 | | | (816 | ) | | 14,199 | |
| Cash from (used for) operating activities – discontinued operations | | 3,917 | | | 198 | | | 4,115 | | | (856 | ) | | – | | | (856 | ) | | 4,773 | | | – | | | 4,773 | |
| Cash from operating activities | | 28,669 | | | (444 | ) | | 28,225 | | | 15,811 | | | – | | | 15,811 | | | 19,788 | | | (816 | ) | | 18,972 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – investing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Additions to property, plant and equipment | | (12,195 | ) | | 78 | | | (12,117 | ) | | (2,025 | ) | | – | | | (2,025 | ) | | (10,335 | ) | | – | | | (10,335 | ) |
| Dispositions of property, plant and equipment | | 7,228 | | | – | | | 7,228 | | | – | | | – | | | – | | | 7,228 | | | – | | | 7,228 | |
| Net increase in GECS financing receivables | | (24,675 | ) | | 320 | | | (24,355 | ) | | – | | | – | | | – | | | (24,535 | ) | | – | | | (24,535 | ) |
| Payments for principal businesses purchased | | (14,910 | ) | | – | | | (14,910 | ) | | (7,388 | ) | | – | | | (7,388 | ) | | (7,522 | ) | | – | | | (7,522 | ) |
| Proceeds from sales of discontinued operations | | 11,457 | | | – | | | 11,457 | | | 10,826 | | | – | | | 10,826 | | | – | | | – | | | – | |
| Proceeds from principal business dispositions | | 2,114 | | | – | | | 2,114 | | | 1,012 | | | – | | | 1,012 | | | 1,102 | | | – | | | 1,102 | |
| All other investing activities | | (7,643 | ) | | 746 | | | (6,897 | ) | | (2,108 | ) | | – | | | (2,108 | ) | | (5,441 | ) | | 816 | | | (4,625 | ) |
| Cash from (used for) investing activities – continuing operations | | (38,624 | ) | | 1,144 | | | (37,480 | ) | | 317 | | | – | | | 317 | | | (39,503 | ) | | 816 | | | (38,687 | ) |
| Cash from (used for) investing activities – discontinued operations | | (3,805 | ) | | (198) | | | (4,003 | ) | | 1,002 | | | – | | | 1,002 | | | (4,807 | ) | | – | | | (4,807 | ) |
| Cash from (used for) investing activities | | (42,429 | ) | | 946 | | | (41,483 | ) | | 1,319 | | | – | | | 1,319 | | | (44,310 | ) | | 816 | | | (43,494 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – financing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net decrease in borrowings (maturities of 90 days or less) | | (8,087 | ) | | (502 | ) | | (8,589 | ) | | (2,853 | ) | | – | | | (2,853 | ) | | (8,467 | ) | | – | | | (8,467 | ) |
| Newly issued debt (maturities longer than 90 days) | | 81,448 | | | – | | | 81,448 | | | 4,663 | | | – | | | 4,663 | | | 76,832 | | | – | | | 76,832 | |
| Repayments and other reductions (maturities longer than 90 days) | | (36,801 | ) | | – | | | (36,801 | ) | | (171 | ) | | – | | | (171 | ) | | (36,630 | ) | | – | | | (36,630 | ) |
| Net purchases of GE shares for treasury | | (7,220 | ) | | – | | | (7,220 | ) | | (7,220 | ) | | – | | | (7,220 | ) | | – | | | – | | | – | |
| Dividends paid to shareowners | | (8,651 | ) | | – | | | (8,651 | ) | | (8,651 | ) | | – | | | (8,651 | ) | | (5,871 | ) | | – | | | (5,871 | ) |
| All other financing activities | | (1,068 | ) | | – | | | (1,068 | ) | | – | | | – | | | – | | | (1,068 | ) | | – | | | (1,068 | ) |
| Cash from (used for) financing activities – continuing operations | | 19,621 | | | (502 | ) | | 19,119 | | | (14,232 | ) | | – | | | (14,232 | ) | | 24,796 | | | – | | | 24,796 | |
| Cash used for financing activities – discontinued operations | | (149 | ) | | – | | | (149 | ) | | (146 | ) | | – | | | (146 | ) | | (3 | ) | | – | | | (3 | ) |
| Cash from (used for) financing activities | | 19,472 | | | (502 | ) | | 18,970 | | | (14,378 | ) | | – | | | (14,378 | ) | | 24,793 | | | – | | | 24,793 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Increase in cash and equivalents | | 5,712 | | | – | | | 5,712 | | | 2,752 | | | – | | | 2,752 | | | 271 | | | – | | | 271 | |
| Cash and equivalents at beginning of year | | 14,276 | | | – | | | 14,276 | | | 4,480 | | | – | | | 4,480 | | | 12,629 | | | – | | | 12,629 | |
| Cash and equivalents at September 30 | | 19,988 | | | – | | | 19,988 | | | 7,232 | | | – | | | 7,232 | | | 12,900 | | | – | | | 12,900 | |
| Less cash and equivalents of discontinued operations at September 30 | | 140 | | | – | | | 140 | | | – | | | – | | | – | | | 140 | | | – | | | 140 | |
| Cash and equivalents of continuing operations at September 30 | $ | 19,848 | | $ | – | | $ | 19,848 | | $ | 7,232 | | $ | – | | $ | 7,232 | | $ | 12,760 | | $ | – | | $ | 12,760 | |
| (a) | Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services) which is presented on a one-line basis. |
| Separate information is shown for “GE” and “Financial Services (GECS).” Transactions between GE and GECS have been eliminated from the “Consolidated” columns. |
Condensed Statement of Cash Flows
General Electric Company and consolidated affiliates
| | Six months ended June 30 (Unaudited) | |
| | Consolidated | | GE(a) | | Financial Services (GECS) | |
| | 2007 | | 2007 | | 2007 | |
| (In millions) | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net earnings | $ | 9,928 | | $ | – | | $ | 9,928 | | $ | 9,928 | | $ | – | | $ | 9,928 | | $ | 5,189 | | $ | – | | $ | 5,189 | |
| Loss (earnings) from discontinued operations | | (62 | ) | | – | | | (62 | ) | | (65 | ) | | – | | | (65 | ) | | 3 | | | – | | | 3 | |
| Adjustments to reconcile net earnings to cash | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| provided from operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Depreciation and amortization of property, plant and equipment | | 4,864 | | | – | | | 4,864 | | | 994 | | | – | | | 994 | | | 3,870 | | | – | | | 3,870 | |
| Net earnings retained by GECS | | – | | | – | | | – | | | (557 | ) | | – | | | (557 | ) | | – | | | – | | | – | |
| Deferred income taxes | | 361 | | | – | | | 361 | | | 87 | | | – | | | 87 | | | 274 | | | – | | | 274 | |
| Decrease in GE current receivables | | 615 | | | 129 | | | 744 | | | 1,606 | | | – | | | 1,606 | | | – | | | – | | | – | |
| Decrease (increase) in inventories | | (1,362 | ) | | (39 | ) | | (1,401 | ) | | (1,372 | ) | | – | | | (1,372 | ) | | 10 | | | – | | | 10 | |
| Increase (decrease) in accounts payable | | (598 | ) | | 80 | | | (518 | ) | | (573 | ) | | – | | | (573 | ) | | 244 | | | – | | | 244 | |
| Increase in GE progress collections | | 1,601 | | | 157 | | | 1,758 | | | 1,601 | | | – | | | 1,601 | | | – | | | – | | | – | |
| Provision for losses on GECS financing receivables | | 2,475 | | | – | | | 2,475 | | | – | | | – | | | – | | | 2,475 | | | – | | | 2,475 | |
| All other operating activities | | 681 | | | (119 | ) | | 562 | | | (90 | ) | | – | | | (90 | ) | | 795 | | | – | | | 795 | |
| Cash from operating activities - continuing operations | | 18,503 | | | 208 | | | 18,711 | | | 11,559 | | | – | | | 11,559 | | | 12,860 | | | – | | | 12,860 | |
| Cash used for operating activities - discontinued operations | | (71 | ) | | (280 | ) | | (351 | ) | | (54 | ) | | – | | | (54 | ) | | (17 | ) | | – | | | (17 | ) |
| Cash from operating activities | | 18,432 | | | (72 | ) | | 18,360 | | | 11,505 | | | – | | | 11,505 | | | 12,843 | | | – | | | 12,843 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – investing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Additions to property, plant and equipment | | (8,950 | ) | | 13 | | | (8,937 | ) | | (1,569 | ) | | – | | | (1,569 | ) | | (7,498 | ) | | – | | | (7,498 | ) |
| Dispositions of property, plant and equipment | | 4,805 | | | – | | | 4,805 | | | – | | | – | | | – | | | 4,805 | | | – | | | 4,805 | |
| Net increase in GECS financing receivables | | (10,835 | ) | | (260 | ) | | (11,095 | ) | | – | | | – | | | – | | | (11,798 | ) | | – | | | (11,798 | ) |
| Payments for principal businesses purchased | | (13,185 | ) | | – | | | (13,185 | ) | | (7,356 | ) | | – | | | (7,356 | ) | | (5,829 | ) | | – | | | (5,829 | ) |
| Proceeds from sales of discontinued operations | | – | | | – | | | – | | | – | | | – | | | – | | | – | | | – | | | – | |
| Proceeds from principal business dispositions | | 2,114 | | | – | | | 2,114 | | | 1,012 | | | – | | | 1,012 | | | 1,102 | | | – | | | 1,102 | |
| All other investing activities | | (4,162 | ) | | 229 | | | (3,933 | ) | | (622 | ) | | – | | | (622 | ) | | (3,584 | ) | | – | | | (3,584 | ) |
| Cash used for investing activities – continuing operations | | (30,213 | ) | | (18 | ) | | (30,231 | ) | | (8,535 | ) | | – | | | (8,535 | ) | | (22,802 | ) | | – | | | (22,802 | ) |
| Cash from investing activities – discontinued operations | | 195 | | | 280 | | | 475 | | | 178 | | | – | | | 178 | | | 17 | | | – | | | 17 | |
| Cash used for investing activities | | (30,018 | ) | | 262 | | | (29,756 | ) | | (8,357 | ) | | – | | | (8,357 | ) | | (22,785 | ) | | – | | | (22,785 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – financing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net decrease in borrowings (maturities of 90 days or less) | | (6,694 | ) | | (190 | ) | | (6,884 | ) | | (2,805 | ) | | – | | | (2,805 | ) | | (6,623 | ) | | – | | | (6,623 | ) |
| Newly issued debt (maturities longer than 90 days) | | 52,364 | | | – | | | 52,364 | | | 4,679 | | | – | | | 4,679 | | | 47,734 | | | – | | | 47,734 | |
| Repayments and other reductions (maturities longer than 90 days) | | (24,645 | ) | | – | | | (24,645 | ) | | (125 | ) | | – | | | (125 | ) | | (24,520 | ) | | – | | | (24,520 | ) |
| Net purchase of GE treasury shares | | (1,392 | ) | | – | | | (1,392 | ) | | (1,392 | ) | | – | | | (1,392 | ) | | – | | | – | | | – | |
| Dividends paid to shareowners | | (5,768 | ) | | – | | | (5,768 | ) | | (5,768 | ) | | – | | | (5,768 | ) | | (4,632 | ) | | – | | | (4,632 | ) |
| All other financing activities | | (580 | ) | | – | | | (580 | ) | | – | | | – | | | – | | | (580 | ) | | – | | | (580 | ) |
| Cash from (used for) financing activities – continuing operations | | 13,285 | | | (190 | ) | | 13,095 | | | (5,411 | ) | | – | | | (5,411 | ) | | 11,379 | | | – | | | 11,379 | |
| Cash used for financing activities – discontinued operations | | (124 | ) | | – | | | (124 | ) | | (124 | ) | | – | | | (124 | ) | | – | | | – | | | – | |
| Cash from (used for) financing activities | | 13,161 | | | (190 | ) | | 12,971 | | | (5,535 | ) | | – | | | (5,535 | ) | | 11,379 | | | – | | | 11,379 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Increase (decrease) in cash and equivalents | | 1,575 | | | – | | | 1,575 | | | (2,387 | ) | | – | | | (2,387 | ) | | 1,437 | | | – | | | 1,437 | |
| Cash and equivalents at beginning of year | | 14,275 | | | – | | | 14,275 | | | 4,480 | | | – | | | 4,480 | | | 12,629 | | | – | | | 12,629 | |
| Cash and equivalents at June 30 | | 15,850 | | | – | | | 15,850 | | | 2,093 | | | – | | | 2,093 | | | 14,066 | | | – | | | 14,066 | |
| Less cash and equivalents of discontinued operations at June 30 | | – | | | – | | | – | | | – | | | – | | | – | | | – | | | – | | | – | |
| Cash and equivalents of continuing operations at June 30 | $ | 15,850 | | $ | – | | $ | 15,850 | | $ | 2,093 | | $ | – | | $ | 2,093 | | $ | 14,066 | | $ | – | | $ | 14,066 | |
| (a) | Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services) which is presented on a one-line basis. |
| Separate information is shown for “GE” and “Financial Services (GECS).” Transactions between GE and GECS have been eliminated from the “Consolidated” columns. |
Condensed Statement of Cash Flows
General Electric Company and consolidated affiliates
| | Three months ended March 31 (Unaudited) | |
| | Consolidated | | GE(a) | | Financial Services (GECS) | |
| | 2007 | | 2007 | | 2007 | |
| (In millions) | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net earnings | $ | 4,571 | | $ | – | | $ | 4,571 | | $ | 4,571 | | $ | – | | $ | 4,571 | | $ | 3,023 | | $ | – | | $ | 3,023 | |
| Loss from discontinued operations | | 357 | | | – | | | 357 | | | 357 | | | – | | | 357 | | | 401 | | | – | | | 401 | |
| Adjustments to reconcile net earnings to cash | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| provided from operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Depreciation and amortization of property, plant and equipment | | 2,440 | | | – | | | 2,440 | | | 518 | | | – | | | 518 | | | 1,922 | | | – | | | 1,922 | |
| Net earnings from continuing operations retained by GECS | | – | | | – | | | – | | | 448 | | | – | | | 448 | | | – | | | – | | | – | |
| Deferred income taxes | | 89 | | | – | | | 89 | | | 11 | | | – | | | 11 | | | 78 | | | – | | | 78 | |
| Decrease in GE current receivables | | 1,483 | | | 50 | | | 1,533 | | | 1,463 | | | – | | | 1,463 | | | – | | | – | | | – | |
| Increase in inventories | | (1,155 | ) | | (18 | ) | | (1,173 | ) | | (1,149 | ) | | – | | | (1,149 | ) | | (6 | ) | | – | | | (6 | ) |
| Decrease in accounts payable | | (800 | ) | | 373 | | | (427 | ) | | (530 | ) | | – | | | (530 | ) | | (110 | ) | | – | | | (110 | ) |
| Increase in GE progress collections | | 680 | | | 150 | | | 830 | | | 680 | | | – | | | 680 | | | – | | | – | | | – | |
| Provision for losses on GECS financing receivables | | 936 | | | – | | | 936 | | | – | | | – | | | – | | | 936 | | | – | | | 936 | |
| All other operating activities | | (3,906 | ) | | 160 | | | (3,746 | ) | | 955 | | | – | | | 955 | | | (4,610 | ) | | – | | | (4,610 | ) |
| Cash from operating activities - continuing operations | | 4,695 | | | 715 | | | 5,410 | | | 7,324 | | | – | | | 7,324 | | | 1,634 | | | – | | | 1,634 | |
| Cash from operating activities - discontinued operations | | 247 | | | (62 | ) | | 185 | | | 50 | | | – | | | 50 | | | 197 | | | – | | | 197 | |
| Cash from operating activities | | 4,942 | | | 653 | | | 5,595 | | | 7,374 | | | – | | | 7,374 | | | 1,831 | | | – | | | 1,831 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – investing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Additions to property, plant and equipment | | (4,751 | ) | | (2 | ) | | (4,753 | ) | | (767 | ) | | – | | | (767 | ) | | (4,049 | ) | | – | | | (4,049 | ) |
| Dispositions of property, plant and equipment | | 2,715 | | | – | | | 2,715 | | | – | | | – | | | – | | | 2,715 | | | – | | | 2,715 | |
| Net increase in GECS financing receivables | | (1,211 | ) | | (180 | ) | | (1,391 | ) | | – | | | – | | | – | | | (1,082 | ) | | – | | | (1,082 | ) |
| Proceeds from sale of discontinued operations | | – | | | – | | | – | | | – | | | – | | | – | | | – | | | – | | | – | |
| Proceeds from principal business dispositions | | 1,131 | | | – | | | 1,131 | | | 29 | | | – | | | 29 | | | 1,102 | | | – | | | 1,102 | |
| Payments for principal businesses purchased | | (5,752 | ) | | – | | | (5,752 | ) | | (2,218 | ) | | – | | | (2,218 | ) | | (3,534 | ) | | – | | | (3,534 | ) |
| All other investing activities | | 946 | | | (189 | ) | | 757 | | | 134 | | | – | | | 134 | | | 739 | | | – | | | 739 | |
| Cash used for investing activities – continuing operations | | (6,922 | ) | | (371 | ) | | (7,293 | ) | | (2,822 | ) | | – | | | (2,822 | ) | | (4,109 | ) | | – | | | (4,109 | ) |
| Cash used for investing activities – discontinued operations | | (254 | ) | | 62 | | | (192 | ) | | (42 | ) | | – | | | (42 | ) | | (212 | ) | | – | | | (212 | ) |
| Cash used for investing activities | | (7,176 | ) | | (309 | ) | | (7,485 | ) | | (2,864 | ) | | – | | | (2,864 | ) | | (4,321 | ) | | – | | | (4,321 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – financing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net decrease in borrowings (maturities of 90 days or less) | | (8,691 | ) | | (344 | ) | | (9,035 | ) | | (1,677 | ) | | – | | | (1,677 | ) | | (7,227 | ) | | – | | | (7,227 | ) |
| Newly issued debt (maturities longer than 90 days) | | 34,218 | | | – | | | 34,218 | | | 4,654 | | | – | | | 4,654 | | | 29,551 | | | – | | | 29,551 | |
| Repayments and other reductions (maturities longer than 90 days) | | (15,195 | ) | | – | | | (15,195 | ) | | (50 | ) | | – | | | (50 | ) | | (15,145 | ) | | – | | | (15,145 | ) |
| Net dispositions of GE shares for treasury | | 53 | | | – | | | 53 | | | 53 | | | – | | | 53 | | | – | | | – | | | – | |
| Dividends paid to shareowners | | (2,886 | ) | | – | | | (2,886 | ) | | (2,886 | ) | | – | | | (2,886 | ) | | (3,872 | ) | | – | | | (3,872 | ) |
| All other financing activities | | (273 | ) | | – | | | (273 | ) | | – | | | – | | | – | | | (273 | ) | | – | | | (273 | ) |
| Cash from financing activities – continuing operations | | 7,226 | | | (344 | ) | | 6,882 | | | 94 | | | – | | | 94 | | | 3,034 | | | – | | | 3,034 | |
| Cash used for financing activities – discontinued operations | | (8 | ) | | – | | | (8 | ) | | (8 | ) | | – | | | (8 | ) | | – | | | – | | | – | |
| Cash from financing activities | | 7,218 | | | (344 | ) | | 6,874 | | | 86 | | | – | | | 86 | | | 3,034 | | | – | | | 3,034 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Increase in cash and equivalents | | 4,984 | | | – | | | 4,984 | | | 4,596 | | | – | | | 4,596 | | | 544 | | | – | | | 544 | |
| Cash and equivalents at beginning of year | | 14,276 | | | – | | | 14,276 | | | 4,480 | | | – | | | 4,480 | | | 12,629 | | | – | | | 12,629 | |
| Cash and equivalents at March 31 | | 19,260 | | | – | | | 19,260 | | | 9,076 | | | – | | | 9,076 | | | 13,173 | | | – | | | 13,173 | |
| Less cash and equivalents of discontinued operations at March 31 | | 162 | | | – | | | 162 | | | – | | | – | | | – | | | 162 | | | – | | | 162 | |
| Cash and equivalents of continuing operations at March 31 | $ | 19,098 | | $ | – | | $ | 19,098 | | $ | 9,076 | | $ | – | | $ | 9,076 | | $ | 13,011 | | $ | – | | $ | 13,011 | |
| (a) | Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services) which is presented on a one-line basis. |
| Separate information is shown for “GE” and “Financial Services (GECS).” Transactions between GE and GECS have been eliminated from the “Consolidated” columns. |
Statement of Cash Flows
General Electric Company and consolidated affiliates
| | Twelve months ended December 31 (Unaudited) | |
| | Consolidated | | GE(a) | | Financial Services (GECS) | |
| | 2006 | | 2006 | | 2006 | |
| (In millions) | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net earnings | $ | 20,742 | | $ | – | | $ | 20,742 | | $ | 20,742 | | $ | – | | $ | 20,742 | | $ | 10,658 | | $ | – | | $ | 10,658 | |
| Earnings from discontinued operations | | (1,362 | ) | | – | | | (1,362 | ) | | (1,362 | ) | | – | | | (1,362 | ) | | (403 | ) | | – | | | (403 | ) |
| Adjustments to reconcile net earnings to cash | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| provided from operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Depreciation and amortization of property, plant and equipment | | 8,459 | | | – | | | 8,459 | | | 1,953 | | | – | | | 1,953 | | | 6,506 | | | – | | | 6,506 | |
| Earnings from continuing operations retained by GECS | | – | | | – | | | – | | | (408 | ) | | – | | | (408 | ) | | – | | | – | | | – | |
| Deferred income taxes | | 1,710 | | | – | | | 1,710 | | | 703 | | | – | | | 703 | | | 1,007 | | | – | | | 1,007 | |
| Decrease (increase) in GE current receivables | | (2,205 | ) | | 11 | | | (2,194 | ) | | 760 | | | – | | | 760 | | | – | | | – | | | – | |
| Increase in inventories | | (1,481 | ) | | (33 | ) | | (1,514 | ) | | (1,458 | ) | | – | | | (1,458 | ) | | (23 | ) | | – | | | (23 | ) |
| Increase (decrease) in accounts payable | | (36 | ) | | 99 | | | 63 | | | 289 | | | – | | | 289 | | | 185 | | | – | | | 185 | |
| Increase in GE progress collections | | 927 | | | (285 | ) | | 642 | | | 927 | | | – | | | 927 | | | – | | | – | | | – | |
| Provision for losses on GECS financing receivables | | 3,130 | | | – | | | 3,130 | | | – | | | – | | | – | | | 3,130 | | | – | | | 3,130 | |
| All other operating activities | | 2,152 | | | 888 | | | 3,040 | | | 1,626 | | | – | | | 1,626 | | | 723 | | | – | | | 723 | |
| Cash from operating activities - continuing operations | | 32,036 | | | 680 | | | 32,716 | | | 23,772 | | | – | | | 23,772 | | | 21,783 | | | – | | | 21,783 | |
| Cash from (used for) operating activities - discontinued operations | | (1,390 | ) | | 129 | | | (1,261 | ) | | 855 | | | – | | | 855 | | | (2,245 | ) | | – | | | (2,245 | ) |
| Cash from operating activities | | 30,646 | | | 809 | | | 31,455 | | | 24,627 | | | – | | | 24,627 | | | 19,538 | | | – | | | 19,538 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – investing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Additions to property, plant and equipment | | (15,912 | ) | | 122 | | | (15,790 | ) | | (2,913 | ) | | – | | | (2,913 | ) | | (13,170 | ) | | – | | | (13,170 | ) |
| Dispositions of property, plant and equipment | | 6,796 | | | – | | | 6,796 | | | – | | | – | | | – | | | 6,796 | | | – | | | 6,796 | |
| Net increase in GECS financing receivables | | (37,651 | ) | | 212 | | | (37,439 | ) | | – | | | – | | | – | | | (40,563 | ) | | – | | | (40,563 | ) |
| Proceeds from sales of discontinued operations | | 11,009 | | | – | | | 11,009 | | | 1,987 | | | – | | | 1,987 | | | 9,022 | | | – | | | 9,022 | |
| Proceeds from principal business dispositions | | 1,883 | | | – | | | 1,883 | | | 1,497 | | | – | | | 1,497 | | | 386 | | | – | | | 386 | |
| Payments for principal businesses purchased | | (11,573 | ) | | – | | | (11,573 | ) | | (4,274 | ) | | – | | | (4,274 | ) | | (7,299 | ) | | – | | | (7,299 | ) |
| All other investing activities | | (4,553 | ) | | (1,450 | ) | | (6,003 | ) | | 100 | | | – | | | 100 | | | (5,945 | ) | | – | | | (5,945 | ) |
| Cash used for investing activities – continuing operations | | (50,001 | ) | | (1,116 | ) | | (51,117 | ) | | (3,603 | ) | | – | | | (3,603 | ) | | (50,773 | ) | | – | | | (50,773 | ) |
| Cash used for investing activities – discontinued operations | | (1,401 | ) | | (129 | ) | | (1,530 | ) | | (914 | ) | | – | | | (914 | ) | | (487 | ) | | – | | | (487 | ) |
| Cash used for investing activities | | (51,402 | ) | | (1,245 | ) | | (52,647 | ) | | (4,517 | ) | | – | | | (4,517 | ) | | (51,260 | ) | | – | | | (51,260 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – financing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net increase in borrowings (maturities of 90 days or less) | | 4,527 | | | 436 | | | 4,963 | | | 1,233 | | | – | | | 1,233 | | | 6,464 | | | – | | | 6,464 | |
| Newly issued debt (maturities longer than 90 days) | | 88,360 | | | – | | | 88,360 | | | 130 | | | – | | | 130 | | | 88,276 | | | – | | | 88,276 | |
| Repayments and other reductions (maturities longer than 90 days) | | (49,337 | ) | | – | | | (49,337 | ) | | (93 | ) | | – | | | (93 | ) | | (49,244 | ) | | – | | | (49,244 | ) |
| Net purchases of GE shares for treasury | | (8,554 | ) | | – | | | (8,554 | ) | | (8,554 | ) | | – | | | (8,554 | ) | | – | | | – | | | – | |
| Dividends paid to shareowners | | (10,420 | ) | | – | | | (10,420 | ) | | (10,420 | ) | | – | | | (10,420 | ) | | (9,847 | ) | | – | | | (9,847 | ) |
| All other financing activities | | (1,174 | ) | | – | | | (1,174 | ) | | – | | | – | | | – | | | (1,174 | ) | | – | | | (1,174 | ) |
| Cash from (used for) financing activities – continuing operations | | 23,402 | | | 436 | | | 23,838 | | | (17,704 | ) | | – | | | (17,704 | ) | | 34,475 | | | – | | | 34,475 | |
| Cash from (used for) financing activities – discontinued operations | | (171 | ) | | – | | | (171 | ) | | 59 | | | – | | | 59 | | | (230 | ) | | – | | | (230 | ) |
| Cash from (used for) financing activities | | 23,231 | | | 436 | | | 23,667 | | | (17,645 | ) | | – | | | (17,645 | ) | | 34,245 | | | – | | | 34,245 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Increase in cash and equivalents during year | | 2,475 | | | – | | | 2,475 | | | 2,465 | | | – | | | 2,465 | | | 2,523 | | | – | | | 2,523 | |
| Cash and equivalents at beginning of year | | 11,801 | | | – | | | 11,801 | | | 2,015 | | | – | | | 2,015 | | | 10,106 | | | – | | | 10,106 | |
| Cash and equivalents at end of year | | 14,276 | | | – | | | 14,276 | | | 4,480 | | | – | | | 4,480 | | | 12,629 | | | – | | | 12,629 | |
| Less cash and equivalents of discontinued operations at end of year | | 177 | | | – | | | 177 | | | – | | | – | | | – | | | 177 | | | – | | | 177 | |
| Cash and equivalents of continuing operations at end of year | $ | 14,099 | | $ | – | | $ | 14,099 | | $ | 4,480 | | $ | – | | $ | 4,480 | | $ | 12,452 | | $ | – | | $ | 12,452 | |
| (a) | Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services) which is presented on a one-line basis. |
| Separate information is shown for “GE” and “Financial Services (GECS).” Transactions between GE and GECS have been eliminated from the “Consolidated” columns. |
Statement of Cash Flows
General Electric Company and consolidated affiliates
| | Twelve months ended December 31 (Unaudited) | |
| | Consolidated | | GE(a) | | Financial Services (GECS) | |
| | 2005 | | 2005 | | 2005 | |
| (In millions) | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | | As reported | | Adjust- ment | | As adjusted | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net earnings | $ | 16,720 | | $ | – | | $ | 16,720 | | $ | 16,720 | | $ | – | | $ | 16,720 | | $ | 7,577 | | $ | – | | $ | 7,577 | |
| Loss from discontinued operations | | 634 | | | – | | | 634 | | | 634 | | | – | | | 634 | | | 1,427 | | | – | | | 1,427 | |
| Adjustments to reconcile net earnings to cash | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| provided from operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Depreciation and amortization of property, plant and equipment | | 7,841 | | | – | | | 7,841 | | | 1,845 | | | – | | | 1,845 | | | 5,996 | | | – | | | 5,996 | |
| Earnings from continuing operations retained by GECS | | – | | | – | | | – | | | (1,188 | ) | | – | | | (1,188 | ) | | – | | | – | | | – | |
| Deferred income taxes | | (1,063 | ) | | – | | | (1,063 | ) | | (119 | ) | | – | | | (119 | ) | | (944 | ) | | – | | | (944 | ) |
| Increase in GE current receivables | | (1,090 | ) | | (1,019 | ) | | (2,109 | ) | | (382 | ) | | – | | | (382 | ) | | – | | | – | | | – | |
| Decrease (increase) in inventories | | (556 | ) | | – | | | (556 | ) | | (586 | ) | | – | | | (586 | ) | | 30 | | | – | | | 30 | |
| Increase (decrease) in accounts payable | | 240 | | | (231 | ) | | 9 | | | 891 | | | (93 | ) | | 798 | | | (310 | ) | | – | | | (310 | ) |
| Increase in GE progress collections | | 510 | | | (372 | ) | | 138 | | | 510 | | | – | | | 510 | | | – | | | – | | | – | |
| Provision for losses on GECS financing receivables | | 3,239 | | | – | | | 3,239 | | | – | | | – | | | – | | | 3,239 | | | – | | | 3,239 | |
| All other operating activities | | 3,628 | | | 87 | | | 3,715 | | | 1,577 | | | – | | | 1,577 | | | 1,918 | | | – | | | 1,918 | |
| Cash from operating activities – continuing operations | | 30,103 | | | (1,535 | ) | | 28,568 | | | 19,902 | | | (93 | ) | | 19,809 | | | 18,933 | | | – | | | 18,933 | |
| Cash from operating activities – discontinued operations | | 7,588 | | | 101 | | | 7,689 | | | 1,707 | | | – | | | 1,707 | | | 5,881 | | | – | | | 5,881 | |
| Cash from operating activities | | 37,691 | | | (1,434 | ) | | 36,257 | | | 21,609 | | | (93 | ) | | 21,516 | | | 24,814 | | | – | | | 24,814 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – investing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Additions to property, plant and equipment | | (13,762 | ) | | 343 | | | (13,419 | ) | | (2,225 | ) | | 93 | | | (2,132 | ) | | (11,597 | ) | | – | | | (11,597 | ) |
| Dispositions of property, plant and equipment | | 6,019 | | | – | | | 6,019 | | | – | | | – | | | – | | | 6,019 | | | – | | | 6,019 | |
| Net increase in GECS financing receivables | | (15,834 | ) | | 1,141 | | | (14,693 | ) | | – | | | – | | | – | | | (16,388 | ) | | – | | | (16,388 | ) |
| Proceeds from sales of discontinued operations | | 8,106 | | | – | | | 8,106 | | | – | | | – | | | – | | | 8,106 | | | – | | | 8,106 | |
| Proceeds from principal business dispositions | | 476 | | | – | | | 476 | | | 267 | | | – | | | 267 | | | 209 | | | – | | | 209 | |
| Payments for principal businesses purchased | | (11,436 | ) | | – | | | (11,436 | ) | | (4,269 | ) | | – | | | (4,269 | ) | | (7,167 | ) | | – | | | (7,167 | ) |
| All other investing activities | | (350 | ) | | 25 | | | (325 | ) | | 1,519 | | | – | | | 1,519 | | | (2,444 | ) | | – | | | (2,444 | ) |
| Cash used for investing activities – continuing operations | | (26,781 | ) | | 1,509 | | | (25,272 | ) | | (4,708 | ) | | 93 | | | (4,615 | ) | | (23,262 | ) | | – | | | (23,262 | ) |
| Cash used for investing activities – discontinued operations | | (8,318 | ) | | (101 | ) | | (8,419 | ) | | (1,733 | ) | | – | | | (1,733 | ) | | (6,585 | ) | | – | | | (6,585 | ) |
| Cash used for investing activities | | (35,099 | ) | | 1,408 | | | (33,691 | ) | | (6,441 | ) | | 93 | | | (6,348 | ) | | (29,847 | ) | | – | | | (29,847 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash flows – financing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net decrease in borrowings (maturities of 90 days or less) | | (4,622 | ) | | 26 | | | (4,596 | ) | | (418 | ) | | – | | | (418 | ) | | (4,040 | ) | | – | | | (4,040 | ) |
| Newly issued debt (maturities longer than 90 days) | | 66,524 | | | – | | | 66,524 | | | 1,704 | | | – | | | 1,704 | | | 65,055 | | | – | | | 65,055 | |
| Repayments and other reductions (maturities longer than 90 days) | | (53,130 | ) | | – | | | (53,130 | ) | | (3,424 | ) | | – | | | (3,424 | ) | | (49,706 | ) | | – | | | (49,706 | ) |
| Net purchases of GE shares for treasury | | (4,844 | ) | | – | | | (4,844 | ) | | (4,844 | ) | | – | | | (4,844 | ) | | – | | | – | | | – | |
| Dividends paid to shareowners | | (9,352 | ) | | – | | | (9,352 | ) | | (9,352 | ) | | – | | | (9,352 | ) | | (7,816 | ) | | – | | | (7,816 | ) |
| All other financing activities | | (1,128 | ) | | – | | | (1,128 | ) | | – | | | – | | | – | | | (1,128 | ) | | – | | | (1,128 | ) |
| Cash from (used for) financing activities – continuing operations | | (6,552 | ) | | 26 | | | (6,526 | ) | | (16,334 | ) | | – | | | (16,334 | ) | | 2,365 | | | – | | | 2,365 | |
| Cash from financing activities – discontinued operations | | 433 | | | – | | | 433 | | | 26 | | | – | | | 26 | | | 407 | | | – | | | 407 | |
| Cash from (used for) financing activities | | (6,119 | ) | | 26 | | | (6,093 | ) | | (16,308 | ) | | – | | | (16,308 | ) | | 2,772 | | | – | | | 2,772 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Decrease in cash and equivalents during year | | (3,527 | ) | | – | | | (3,527 | ) | | (1,140 | ) | | – | | | (1,140 | ) | | (2,261 | ) | | – | | | (2,261 | ) |
| Cash and equivalents at beginning of year | | 15,328 | | | – | | | 15,328 | | | 3,155 | | | – | | | 3,155 | | | 12,367 | | | – | | | 12,367 | |
| Cash and equivalents at end of year | | 11,801 | | | – | | | 11,801 | | | 2,015 | | | – | | | 2,015 | | | 10,106 | | | – | | | 10,106 | |
| Less cash and equivalents of discontinued operations at end of year | | 3,139 | | | – | | | 3,139 | | | – | | | – | | | – | | | 3,139 | | | – | | | 3,139 | |
| Cash and equivalents of continuing operations at end of year | $ | 8,662 | | $ | – | | $ | 8,662 | | $ | 2,015 | | $ | – | | $ | 2,015 | | $ | 6,967 | | $ | – | | $ | 6,967 | |
| (a) | Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services) which is presented on a one-line basis. |
| Separate information is shown for “GE” and “Financial Services (GECS).” Transactions between GE and GECS have been eliminated from the “Consolidated” columns. |
