Investor Presentaiton
90
90
Free cash flows (FCF) (including and excluding discontinued factoring)
FREE CASH FLOWS (FCF) (Non-GAAP)
(Dollars in millions)
CFOA (GAAP)
Less: Insurance CFOA
CFOA excluding Insurance (Non-GAAP)
Add: gross additions to property, plant and equipment a)
1Q'22
1Q'21
V$
(535) $
(15)
(2,640) $
60
2,105
(75)
$
(520) $
(2,699) $
2,179
(340)
(332)
(8)
Add: gross additions to internal-use software-a)
(23)
(24)
1
Less: separation costs cash expenditures
(3)
Less: CFOA impact from receivables factoring and supply chain finance eliminations
Free cash flows (Non-GAAP)
306
(306)
$
(880) $
(3,361) $
2,481
Less: prior period CFOA impact from factoring programs discontinued in 2021-b)
Free cash flows excluding discontinued factoring (Non-GAAP)
$
(880) $
(778)
(2,583) $
778
1,703
* Non-GAAP Financial Measure
(a
Included in Gross CAPEX
(b Represents the CFOA impact from cash that GE would have otherwise collected had customer receivables not been previously sold in factoring programs that have now been discontinued.
We believe investors may find it useful to compare GE's free cash flows* performance without the effects of separation cash expenditure, the factoring program discontinuation and receivables factoring and supply chain finance eliminations. We believe this measure will better allow management and investors to
evaluate the capacity of our operations to generate free cash flows.
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