Investor Presentaiton
Free cash flows (FCF) by quarter
Excludes GE Health Care results
FREE CASH FLOWS (FCF) (NON-GAAP)
(Dollars in millions)
CFOA (GAAP)
1Q'22
2Q'22
3Q'22
4Q'22
2022
$
(924) $
490 $
813 $
3,644 $
4,023
Less: CFOA from insurance
(15)
70
(7)
88
136
CFOA excluding Insurance (Non-GAAP)
$
(909) $
420 $
820 $
3,556 $
3,887
Add: gross additions to property, plant and equipment(a)
(239)
(262)
(223)
(337)
(1,061)
Add: gross additions to internal-use software(a)
(22)
(26)
(30)
(35)
(113)
Less: separation cash expenditures
Less: Corporate restructuring cash expenditures
Less: taxes related to business sales
Free cash flows (Non-GAAP)
(10)
(60)
(106)
(178)
(38)
(38)
(50)
(69)
(10)
(129)
$
(1,169) $
192 $
697 $
3,338 $
3,059
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.
2023 GE INVESTOR CONFERENCE 119View entire presentation