$GE
GENERAL ELECTRIC CAPITAL CORP
CIK:0000040554|SEC Filings
Consolidated Statement of Cash Flows (unaudited) - USD ($) $ in Millions |
9 Months Ended | ||||
|---|---|---|---|---|---|
Sep. 30, 2015 |
Sep. 30, 2014 |
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| Cash flows - operating activities | |||||
| Net earnings | [1] | $ (17,459) | $ 5,398 | ||
| Less net earnings (loss) attributable to noncontrolling interests | [1] | 267 | 76 | ||
| Net earnings (loss) attributable to the Company | [1] | (17,726) | 5,322 | ||
| (Earnings) loss from discontinued operations | [1] | 10,332 | (2,070) | ||
| Adjustments to reconcile net earnings attributable to GECC to cash provided from operating activities | |||||
| Depreciation and amortization of property, plant and equipment | [1] | 1,841 | 1,929 | ||
| Deferred income taxes | [1] | 2,772 | (689) | ||
| Increase (decrease) in accounts payable | [1] | 165 | 764 | ||
| Provision for losses on financing receivables | [1] | 4,636 | 2,693 | ||
| All other operating activities | [1] | 1,934 | (1,174) | ||
| Cash from (used for) operating activities - continuing operations | [1] | 3,954 | 6,775 | ||
| Cash from (used for) operating activities - discontinued operations | [1] | 3,090 | 5,078 | ||
| Cash from (used for) operating activities | [1] | 7,044 | 11,853 | ||
| Cash flows - investing activities | |||||
| Additions to property, plant and equipment | [1] | (2,643) | (2,627) | ||
| Dispositions of property, plant and equipment | [1] | 2,074 | 2,059 | ||
| Net decrease (increase) in financing receivables | [1] | (39,744) | (54,829) | ||
| Principal collections from customers - loans | [1] | 45,570 | 55,025 | ||
| Investment in equipment for financing leases | [1] | (458) | (787) | ||
| Principal collections from customers - financing leases | [1] | 834 | 1,956 | ||
| Proceeds from sale of discontinued operations | [1] | 42,486 | 232 | ||
| Net change in credit card receivables | [1] | (1,667) | (2,950) | ||
| Proceeds from principal business dispositions | [1] | 1,274 | 0 | ||
| Net cash from (payments for) principal businesses purchased | [1] | (1,677) | 0 | ||
| All other investing activities | [1] | 9,608 | 8,957 | ||
| Cash from (used for) investing activities - continuing operations | [1] | 55,657 | 7,036 | ||
| Cash from (used for) investing activities - discontinued operations | [1] | 7,218 | (3,588) | ||
| Cash from (used for) investing activities | [1] | 62,875 | 3,448 | ||
| Cash flows - financing activities | |||||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | [1] | (17,526) | (6,723) | ||
| Net increase (decrease) in bank deposits | [1] | 5,329 | 6,933 | ||
| Newly issued debt (maturities longer than 90 days) | |||||
| Newly issued debt (maturities longer than 90 days) | [1] | 14,336 | 26,547 | ||
| Repayments and other debt reductions (maturities longer than 90 days) | |||||
| Repayments and other debt reductions (maturities longer than 90 days) | [1] | (43,850) | (37,439) | ||
| Dividends paid to shareowners | [1] | (611) | (2,382) | ||
| Synchrony Financial | [1] | 0 | 2,842 | ||
| All other financing activities | [1] | (1,363) | (359) | ||
| Cash from (used for) financing activities - continuing operations | [1] | (43,685) | (10,581) | ||
| Cash from (used for) financing activities - discontinued operations | [1] | (4,496) | 1,540 | ||
| Cash from (used for) financing activities | [1] | (48,181) | (9,041) | ||
| Effect of currency exchange rate changes on cash and equivalents | [1] | (3,038) | (1,267) | ||
| Increase (decrease) in cash and equivalents | [1] | 18,700 | 4,993 | ||
| Cash and equivalents at beginning of year | 75,101 | 75,105 | |||
| Cash and equivalents at quarter end | 93,801 | 80,098 | |||
| Less cash and equivalents of discontinued operations at quarter end | 11,226 | 5,070 | |||
| Cash and equivalents continuing operations at quarter end | $ 82,575 | $ 75,028 | |||
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Consolidated Statement of Financial Position (unaudited) - USD ($) $ in Millions |
Sep. 30, 2015 |
Dec. 31, 2014 |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash and equivalents | [1] | $ 82,276 | $ 69,011 | ||||||||
| Investment securities (Note 3) | [1] | 36,868 | 38,320 | ||||||||
| Inventories | [1] | 59 | 50 | ||||||||
| Financing receivables - net (Notes 4 and 13) | [1] | 83,748 | 122,457 | ||||||||
| Other receivables | [1] | 14,039 | 14,508 | ||||||||
| Property, plant and equipment, less accumulated amortizations | [1] | 34,516 | 31,519 | ||||||||
| Goodwill (Note 5) | [1] | 11,460 | 11,456 | ||||||||
| Other intangible assets - net (Note 5) | [1] | 1,177 | 875 | ||||||||
| Other Assets | [1] | 19,155 | 23,198 | ||||||||
| Financing receivables held for sale (Note 2) | [1] | 23,665 | 778 | ||||||||
| Assets of businesses held for sale (Note 2) | [1] | 4,917 | 3,474 | ||||||||
| Assets of discontinued operations (Note 2) | [1] | 121,940 | 186,924 | ||||||||
| Total assets(a) | [1],[2] | 433,819 | 502,570 | ||||||||
| Liabilities and equity | |||||||||||
| Short-term borrowings (Note 6) | 42,880 | 67,705 | |||||||||
| Accounts payable | [1] | 2,213 | 2,411 | ||||||||
| Non-recourse borrowings of consolidated securitization entities (Note 6) | 16,225 | 19,369 | |||||||||
| Bank deposits (Note 6) | 48,656 | 43,841 | |||||||||
| Long-term borrowings (Note 6) | 164,183 | 186,759 | |||||||||
| Investment contracts, insurance liabilities and insurance annuity benefits | [1] | 26,646 | 28,027 | ||||||||
| Other liabilities | [1] | 11,330 | 9,549 | ||||||||
| Deferred Tax Liabilities, Net | [1] | 6,458 | 3,420 | ||||||||
| Liabilities of businesses held for sale (Note 2) | [1] | 260 | 2,434 | ||||||||
| Liabilities of discontinued operations (Note 2) | [1] | 43,642 | 48,657 | ||||||||
| Total liabilities(a) | [1],[2] | 362,493 | 412,172 | ||||||||
| Preferred stock, $0.01 par value (750,000 shares authorized at both September 30, 2015 and December 31, 2014 and 50,000 shares issued and outstanding at both September 30, 2015 and December 31, 2014) | [1] | 0 | 0 | ||||||||
| Common stock, $14 par value (4,166,000 shares authorized at September 30, 2015 and December 31, 2014 and 1,000 shares issued and outstanding at September 30, 2015 and December 31, 2014) | [1] | 0 | 0 | ||||||||
| Accumulated other comprehensive income (loss) - net(b) | |||||||||||
| Investment securities | [1],[3] | 580 | 1,010 | ||||||||
| Currency translation adjustments | [1],[3] | (1,412) | (838) | ||||||||
| Cash flow hedges | [1],[3] | (192) | (172) | ||||||||
| Benefit plans | [1],[3] | (569) | (577) | ||||||||
| Additional paid-in capital | [1] | 33,019 | 32,999 | ||||||||
| Retained earnings | [1] | 36,740 | 55,077 | ||||||||
| Total GECC shareowners' equity | [1] | 68,166 | 87,499 | ||||||||
| Noncontrolling interests(c) (Note 8) | [1],[4] | 3,160 | 2,899 | ||||||||
| Total equity | [1] | 71,326 | 90,398 | ||||||||
| Total liabilities and equity | [1] | $ 433,819 | $ 502,570 | ||||||||
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