Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on the items found in the GEs Cash Funds Flow Statement would you purchase GE Stock please provide reasons using the information from the

image text in transcribed

Based on the items found in the GEs Cash Funds Flow Statement would you purchase GE Stock please provide reasons using the information from the cash flow statement and use numbers when those numbers would support your conclusions.

General Electric Company For the years ended December 31 (In millions) Cash flows operating activities Net earnings (loss) Less net ea Net earnings (loss) attributable to the Company (Earnings) loss from discontinued operations Adjustments to reconcile net earnings attributable to the (6,056) $ ss) attributable to noncontrolling interests 332 (5,786) 309 8,831 954 Company to cash provided from operating activities: Depreciation and amortization of property, plant and equipment 4,997 (Earnings) loss from continuing operations retained by GE Capital 814 1,514 (1,389) Deferred income taxes Decrease (increase) in GE current receivables (314) (996) 11,856 Decrease (increase) in inventories 747 Increase (decrease) in accounts payable Increase (decrease) in GE progress collections 1,836 (12,655) 6,099 All other operating activities Cash from (used for) operating activities - continuing operations Cash from (used Cash from (used for) operating activities 13,291 11,394 activities -discontinued operations 8,034 Cash flows investing activities Additions to property, plant and equipment Dispositions of property, plant and equipment Additions to internal-use software Net Proceeds from sale of discontinued operations Proceeds from principal business dispositions Net cash from (payments for) principal businesses purchased All other investing activities Cash from (used for) investing activities continuing operations Cash from (used for) investing activities- discontinued operations Cash from (used for) investing activities (7,371) (7,309 4,424 (549) 805 1.464 (778) decrease (increase) in GE Capital financing recei 200 59,890 5,357 (2,271) 2,960 vables 3,228 (6,087) 6,704 79,615 2,283 (12,027) 1,618) 2.322 (2125) 59,488 49,202 Cash flows financing activities Net increase (decrease) in borrowings (maturities of 90 days or less) Newly issued debt (maturities longer than 90 days) Repayments and other reductions (maturities longer than 90 days) Net dispositions (purchases) of GE shares for treasury Dividends paid to shareowners All other financing activities Cash from (used for) financing activities -continuing operations Cash from (used for) financing activities-discontinued Cash from (used for) financing activities Effect of currency exchange rate changes on cash and equivalents Increase (decrease) in cash and equivalents Cash and equivalents at beginning of year Cash and equivalents at end of year Less cash and equivalents of discontinued operations at end of year Cash and equivalents of continuing operations at end of year Supplemental disclosure of cash flows information Cash paid during the year for interest Cash recovered (paid) during the year for income taxes (1,135) (24,459) 13,951 (47,038) 1,794 14,876 (58,768) (21,429) (8,806) (1,274) (89,920) 789 (2,550) (8,650) (9,295) (69,547) 1,909 (19,146) ons 891 49.558 44,051 90,879 49,558 48,129 (5,779) $ 90,879 20,395 70,483 43,299 S (5,049) S (2,436) (8,764) (7,469

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

3rd Edition

0471372668, 978-0471372660

More Books

Students also viewed these Accounting questions

Question

Non-Exempt and Exempt Workers...why

Answered: 1 week ago

Question

=+c) State the null and alternative hypotheses.

Answered: 1 week ago

Question

who has the power to declare war

Answered: 1 week ago