Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 14

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 2
Chunk 14
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 $(0.9) billion for the six months ended June 30, 2025, a decrease of $1.1 billion compared to 2024, primarily due to: lower cash paid related to net settlements between continuing operations and businesses in discontinued operations of $2.8 billion, primarily related to the separation of GE Vernova in 2024 (a component of All other investing activities); and lower net purchases of insurance investment securities of $1.3 billion; partially offset by a decrease in proceeds of $2.6 billion from the disposition of our ownership interests in GE HealthCare in 2024 and business acquisitions of $0.4 billion in 2025. Cash used for additions to property, plant and equipment and internal-use software, which are components of free cash flow*, was $0.5 billion for both the six months ended June 30, 2025 and 2024, respectively.

Cash used for financing activities was $(5.5) billion for the six months ended June 30, 2025, an increase of $2.5 billion compared to 2024, primarily due to: an increase in treasury stock repurchases of $1.1 billion, higher net debt maturities of $0.6 billion, a decrease in cash received of $0.6 billion from stock option exercises (a component of All other financing activities); and higher dividends paid to shareholders of $0.3 billion.

CASH FLOWS FROM DISCONTINUED OPERATIONS

Cash used for operating activities of discontinued operations decreased $0.5 billion for the six months ended June 30, 2025 compared to 2024, primarily driven by working capital cash usage and cash paid for income taxes at our former GE Vernova business in 2024. 

Cash from investing activities of discontinued operations increased $1.6 billion for the six months ended June 30, 2025 compared to 2024, primarily driven by a reduction of cash and cash equivalents of $4.2 billion due to the separation of our former GE Vernova business in 2024, partially offset by lower cash received of $2.8 billion from net settlements between our discontinued operations and businesses in continuing operations primarily related to establishment of the opening cash balance for our former GE Vernova business in 2024. 

Cash used for financing activities of discontinued operations decreased $0.1 billion for the six months ended June 30, 2025 compared to 2024, primarily driven by net debt repay