Investor Presentaiton
Free cash flows (FCF) by segment
Excludes GE Health Care results
2022 FREE CASH FLOWS (FCF) (Non-GAAP)
(Dollars in millions)
CFOA (GAAP)
Less: Insurance CFOA
CFOA excluding Insurance (Non-GAAP)
Aerospace
Renewables
Power
Corporate
5,514 $
(1,759) $
2,078 $
(1,810) $
Total Company
4,023
136
136
$
5,514 $
Add:
gross additions to property, plant and equipment(a)
(543)
(1,759) $
(275)
2,078 $
(1,946) $
3,887
(210)
(34)
(1,061)
Add: gross additions to internal-use software(a)
(81)
(18)
(7)
(113)
Less: separation cash expenditures
Less: Corporate restructuring cash expenditures
Less: taxes related to business sales
Free cash flows (Non-GAAP)
2019 FREE CASH FLOWS (FCF) (Non-GAAP)
(Dollars in millions)
CFOA (GAAP)
Less: Insurance CFOA
CFOA excluding Insurance (Non-GAAP)
(178)
(178)
(38)
(38)
(129)
(129)
$
4,890 $
(2,040) $
1,850 $
(1,642) $
3,059
Add: gross additions to property, plant and equipment(a)
Add: gross additions to internal-use software(a)
Less: CFOA impact from receivables factoring and supply chain finance eliminations
Less: taxes related to business sales
Aerospace
$
5,552
$
5,552
(1,031)
(107)
Free cash flows (Non-GAAP)
$
4,415
95
Gε
* Non-GAAP Financial Measure
(a) Included in Gross CAPEX
We believe investors may find it useful to compare free cash flows* performance without the effects of CFOA related to our run-off Insurance business, separation cash
expenditures, Corporate restructuring cash expenditures (associated with the separation-related program announced in October, 2022), taxes related to business sales &
eliminations related to our receivables factoring & supply chain finance programs. We believe this measure will better allow management & investors to evaluate the capacity of
our operations to generate free cash flows. The CFOA impact from receivables factoring & supply chain finance eliminations represents activity related to those internal programs
previously facilitated for our industrial segments by our Working Capital Solutions business.
2023 GE INVESTOR CONFERENCE 120View entire presentation