GE Vernova Inc. (GEV) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

Swipe to see the full flow
GE Vernova Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Increase (decrease) in accounts payable and equipment project payables → operating reconciliation: $876,000,000.00All other operating activities → operating reconciliation: $528,000,000.00Depreciation and amortization of property, plant, and equipment (Note 6) → operating reconciliation: $336,000,000.00Decrease (increase) in current contract assets → operating reconciliation: $174,000,000.00Decrease (increase) in inventories, including deferred inventory costs → operating reconciliation: $137,000,000.00Increase (decrease) in contract liabilities and current deferred income → operating reconciliation: $64,000,000.00Amortization of intangible assets (Note 8) → operating reconciliation: $62,000,000.00Increase (decrease) in due to related parties → operating reconciliation: $18,000,000.00Remaining operating cash flows, net (calculated) → operating reconciliation: $4,000,000.00Decrease (increase) in due from related parties → operating reconciliation: $1,000,000.00operating reconciliation → Net cash from operating activities: $1,127,000,000.00operating reconciliation → Net income (loss): $99,000,000.00operating reconciliation → Decrease (increase) in current receivables: $655,000,000.00operating reconciliation → Cash recovered (paid) during the year for income taxes: $126,000,000.00operating reconciliation → Principal pension plans – net (Note 13): $94,000,000.00operating reconciliation → Other postretirement benefit plans – net (Note 13): $68,000,000.00operating reconciliation → Provision (benefit) for income taxes (Note 15): $23,000,000.00operating reconciliation → (Gains) losses on purchases and sales of business interests: $8,000,000.00All other financing activities → financing reconciliation: $615,000,000.00Remaining financing cash flows, net (calculated) → financing reconciliation: $1,000,000.00financing reconciliation → Net cash from financing activities: $585,000,000.00financing reconciliation → Transfers from (to) Parent: $31,000,000.00Net cash used in investing activities → investing reconciliation: $114,000,000.00All other investing activities → investing reconciliation: $43,000,000.00Dispositions of property, plant, and equipment → investing reconciliation: $3,000,000.00Sales of and distributions from equity method investments → investing reconciliation: $1,000,000.00investing reconciliation → Additions to property, plant, and equipment and internal-use software: $159,000,000.00investing reconciliation → Purchases of and contributions to equity method investments: $2,000,000.00Exchange-rate effect → Cash sources and uses: $18,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $5,779,000,000.00Net cash from operating activities → Cash sources and uses: $1,127,000,000.00Net cash from financing activities → Cash sources and uses: $585,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $7,395,000,000.00Cash sources and uses → Net cash used in investing activities: $114,000,000.00Depreciation and amortization of property, plant, and equipment (Note 6): $336,000,000.00Depreciation expense+$336.00 MAll other operating activities: $528,000,000.00Other operating, net+$528.00 MAmortization of intangible assets (Note 8): $62,000,000.00Intangible amortization+$62.00 MIncrease (decrease) in accounts payable and equipment project payables: $876,000,000.00Payables & accrued liabilities+$876.00 MIncrease (decrease) in due to related parties: $18,000,000.00Due to related parties+$18.00 MNet income (loss): -$99,000,000.00Net income (loss)−$99.00 MCash recovered (paid) during the year for income taxes: -$126,000,000.00Cash recovered (paid) during the year for incometaxes−$126.00 MIncrease (decrease) in contract liabilities and current deferred income: $64,000,000.00Deferred revenue+$64.00 MDecrease (increase) in due from related parties: $1,000,000.00Related party receivables+$1.00 MPrincipal pension plans – net (Note 13): -$94,000,000.00Pension expense, noncash−$94.00 MDecrease (increase) in current contract assets: $174,000,000.00Contract assets+$174.00 MDecrease (increase) in current receivables: -$655,000,000.00Other receivables−$655.00 MOther postretirement benefit plans – net (Note 13): -$68,000,000.00Non-cash postretirement cost−$68.00 MDecrease (increase) in inventories, including deferred inventory costs: $137,000,000.00Inventories+$137.00 MProvision (benefit) for income taxes (Note 15): -$23,000,000.00Provision (benefit) for income taxes (Note 15)−$23.00 M(Gains) losses on purchases and sales of business interests: -$8,000,000.00(Gains) losses on purchases and sales of businessinterests−$8.00 MRemaining operating cash flows, net (calculated): $4,000,000.00Remaining operating (calculated)+$4.00 MNet cash from operating activities: $1,127,000,000.00Operating cash+$1.13 Boperating reconciliation: $2,200,000,000.00Net increase (decrease) in borrowings of maturities of 90 days or less: $0.00Transfers from (to) Parent: -$31,000,000.00Transfers from (to) Parent−$31.00 MAll other financing activities: $615,000,000.00Other financing, net+$615.00 MRemaining financing cash flows, net (calculated): $1,000,000.00Remaining financing (calculated)+$1.00 MNet cash from financing activities: $585,000,000.00Financing cash+$585.00 Mfinancing reconciliation: $616,000,000.00Purchases of and contributions to equity method investments: -$2,000,000.00Equity-method investments made−$2.00 MAdditions to property, plant, and equipment and internal-use software: -$159,000,000.00Capital expenditures−$159.00 MDispositions of property, plant, and equipment: $3,000,000.00PP&E sales+$3.00 MSales of and distributions from equity method investments: $1,000,000.00Equity-method investment sales+$1.00 MProceeds from principal business dispositions: $0.00All other investing activities: $43,000,000.00Other investing, net+$43.00 MNet cash used in investing activities: -$114,000,000.00. Cash required to fund net payments.Investing cash−$114.00 Minvesting reconciliation: $161,000,000.00Cash sources and uses: $7,509,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $5,779,000,000.00Beginning cash$5.78 BEnding cash: Cash, cash equivalents, and restricted cash: $7,395,000,000.00Ending cash$7.40 BExchange-rate effect: $18,000,000.00FX effect+$18.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$99.00M + net operating adjustments $1.23B = operating cash +$1.13BFree cash flow$968.00 MOperating cash − cash spent on productive assetsCash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$1.62 BEnding cash − beginning cash
Chart details

GE Vernova Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
5,779,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,127,000,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the operating total. The filing's tagged operating lines do not add up to the operating total; this is the difference. This quarter is the year to date less the prior quarter's year to date, and the prior quarter's tagged operating lines do not add up to its total. It may combine inflows and outflows.
Depreciation and amortization of property, plant, and equipment (Note 6)
336,000,000 US dollars
All other operating activities
528,000,000 US dollars
Amortization of intangible assets (Note 8)
62,000,000 US dollars
Increase (decrease) in accounts payable and equipment project payables
876,000,000 US dollars
Increase (decrease) in due to related parties
18,000,000 US dollars
Net income (loss)
negative 99,000,000 US dollars
Cash recovered (paid) during the year for income taxes
negative 126,000,000 US dollars
Increase (decrease) in contract liabilities and current deferred income
64,000,000 US dollars
Decrease (increase) in due from related parties
1,000,000 US dollars
Principal pension plans – net (Note 13)
negative 94,000,000 US dollars
Decrease (increase) in current contract assets
174,000,000 US dollars
Decrease (increase) in current receivables
negative 655,000,000 US dollars
Other postretirement benefit plans – net (Note 13)
negative 68,000,000 US dollars
Decrease (increase) in inventories, including deferred inventory costs
137,000,000 US dollars
Provision (benefit) for income taxes (Note 15)
negative 23,000,000 US dollars
(Gains) losses on purchases and sales of business interests
negative 8,000,000 US dollars
Remaining operating cash flows, net (calculated)
4,000,000 US dollars
Investing activities
negative 114,000,000 US dollars. Net cash used.
Purchases of and contributions to equity method investments
negative 2,000,000 US dollars
Additions to property, plant, and equipment and internal-use software
negative 159,000,000 US dollars
Dispositions of property, plant, and equipment
3,000,000 US dollars
Sales of and distributions from equity method investments
1,000,000 US dollars
Proceeds from principal business dispositions
0 US dollars
All other investing activities
43,000,000 US dollars
Financing activities
585,000,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the financing total. This quarter is the year to date less the prior quarter's year to date, and the prior quarter's tagged financing lines do not add up to its total. It may combine inflows and outflows.
Net increase (decrease) in borrowings of maturities of 90 days or less
0 US dollars
Transfers from (to) Parent
negative 31,000,000 US dollars
All other financing activities
615,000,000 US dollars
Remaining financing cash flows, net (calculated)
1,000,000 US dollars
Operating adjustment reconciliation
2,200,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing displayed reconciliation
616,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
investing gross reconciliation
161,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
18,000,000 US dollars
Ending cash on Sep 30, 2024
7,395,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
7,509,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,616,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
1,127,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
159,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
968,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$99.00M + net operating adjustments $1.23B = operating cash +$1.13B. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 1,127,000,000 US dollars minus 159,000,000 US dollars equals 968,000,000 US dollars.
GE Vernova Inc. (GEV) FY2024 Q3 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!