Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 13

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 2
Chunk 13
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 the euro, the British Sterling pound, and Brazilian real. The effect of foreign currency fluctuations on income was insignificant. See Note 20 for further information about our risk exposures, our use of derivatives, and the effects of this activity on our financial statements.

STATEMENT OF CASH FLOWS

CASH FLOWS FROM CONTINUING OPERATIONS. The most significant source of cash in CFOA is customer-related activities, the largest of which is collecting cash resulting from product or services sales. The most significant operating use of cash is to pay our suppliers, employees, tax authorities and postretirement plans.

Cash from operating activities was $3.9 billion for the six months ended June 30, 2025, an increase of $1.3 billion compared to 2024, primarily due to: an increase in net income (after adjusting for depreciation of property, plant, and equipment, amortization of intangible assets and non-cash (gains) losses related to our retained and sold ownership interests) driven by all segments and an increase in sales discounts and allowances, partially offset by an increase in working capital growth and income tax payments. The components of All other operating activities included:

Six months ended June 3020252024Increase (decrease) in employee benefit liabilities$(293)$(279)Net restructuring and other charges/(cash expenditures)(28)(66)(Gains) losses on purchases and sales of business interests— (21)Net interest and other financial charges/(cash paid)(42)20 Other deferred assets11 (108)Other(64)(74)All other operating activities$(417)$(528)

Cash used from changes in working capital was $(0.5) billion for the six months ended June 30, 2025, an increase of $0.5 billion compared to 2024, due to: current receivables of $(1.1) billion, from higher volume partially offset by higher collections; inventories, including deferred inventory, of $(0.2) billion, driven by higher material purchases; current contract assets, contract liabilities and current deferred income of $(0.2) billion, driven by higher revenue recognition, partially offset by billings and net unfavorable changes in estimated profitability on long-term service contracts; progress collections were flat, driven by higher collections offset by higher liquidations; and accounts payable of $1.1 billion, driven by higher volume and lower disbursements mainly related to purchases of materials in prior quarters. 

Cash used for investing activities was