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

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-09-30

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GE Vernova Inc. cash flow reconciliation, Jan 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. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. 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.Net income (loss) → Net cash from operating activities: $1,075,000,000.00Increase (decrease) in contract liabilities and current deferred income → Operating adjustments reconciliation: $1,660,000,000.00Increase (decrease) in accounts payable and equipment project payables → Operating adjustments reconciliation: $970,000,000.00Depreciation and amortization of property, plant, and equipment (Note 6) → Operating adjustments reconciliation: $715,000,000.00Provision (benefit) for income taxes (Note 15) → Operating adjustments reconciliation: $310,000,000.00Amortization of intangible assets (Note 8) → Operating adjustments reconciliation: $188,000,000.00All other operating activities → Operating adjustments reconciliation: $98,000,000.00Decrease (increase) in current receivables → Operating adjustments reconciliation: $28,000,000.00Remaining operating cash flows, net (calculated) → Operating adjustments reconciliation: $1,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $587,000,000.00Operating adjustments reconciliation → Decrease (increase) in inventories, including deferred inventory costs: $1,151,000,000.00Operating adjustments reconciliation → (Gains) losses on purchases and sales of business interests: $859,000,000.00Operating adjustments reconciliation → Increase (decrease) in due to related parties: $366,000,000.00Operating adjustments reconciliation → Cash recovered (paid) during the year for income taxes: $299,000,000.00Operating adjustments reconciliation → Principal pension plans – net (Note 13): $280,000,000.00Operating adjustments reconciliation → Decrease (increase) in current contract assets: $234,000,000.00Operating adjustments reconciliation → Other postretirement benefit plans – net (Note 13): $189,000,000.00Operating adjustments reconciliation → Decrease (increase) in due from related parties: $5,000,000.00Transfers from (to) Parent → financing reconciliation: $2,933,000,000.00All other financing activities → financing reconciliation: $579,000,000.00financing reconciliation → Net cash from financing activities: $3,489,000,000.00financing reconciliation → Net increase (decrease) in borrowings of maturities of 90 days or less: $23,000,000.00Proceeds from principal business dispositions → investing reconciliation: $639,000,000.00All other investing activities → investing reconciliation: $94,000,000.00Sales of and distributions from equity method investments → investing reconciliation: $32,000,000.00Dispositions of property, plant, and equipment → investing reconciliation: $16,000,000.00investing reconciliation → Net cash from investing activities: $138,000,000.00investing reconciliation → Additions to property, plant, and equipment and internal-use software: $533,000,000.00investing reconciliation → Purchases of and contributions to equity method investments: $110,000,000.00Difference in the filed cash totals (calculated) → Cash sources and uses: $603,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,551,000,000.00Net cash from operating activities → Cash sources and uses: $1,662,000,000.00Net cash from financing activities → Cash sources and uses: $3,489,000,000.00Net cash from investing activities → Cash sources and uses: $138,000,000.00Cash sources and uses → Exchange-rate effect: $48,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $7,395,000,000.00Depreciation and amortization of property, plant, and equipment (Note 6): $715,000,000.00Depreciation expense+$715.00 MAll other operating activities: $98,000,000.00Other operating, net+$98.00 MAmortization of intangible assets (Note 8): $188,000,000.00Intangible amortization+$188.00 MIncrease (decrease) in accounts payable and equipment project payables: $970,000,000.00Payables & accrued liabilities+$970.00 MIncrease (decrease) in due to related parties: -$366,000,000.00Due to related parties−$366.00 MNet income (loss): $1,075,000,000.00Net income (loss)+$1.08 BCash recovered (paid) during the year for income taxes: -$299,000,000.00Cash recovered (paid) during the year for incometaxes−$299.00 MIncrease (decrease) in contract liabilities and current deferred income: $1,660,000,000.00Deferred revenue+$1.66 BDecrease (increase) in due from related parties: -$5,000,000.00Related party receivables−$5.00 MPrincipal pension plans – net (Note 13): -$280,000,000.00Pension expense, noncash−$280.00 MDecrease (increase) in current contract assets: -$234,000,000.00Contract assets−$234.00 MDecrease (increase) in current receivables: $28,000,000.00Other receivables+$28.00 MOther postretirement benefit plans – net (Note 13): -$189,000,000.00Non-cash postretirement cost−$189.00 MDecrease (increase) in inventories, including deferred inventory costs: -$1,151,000,000.00Inventories−$1.15 BProvision (benefit) for income taxes (Note 15): $310,000,000.00Provision (benefit) for income taxes (Note 15)+$310.00 M(Gains) losses on purchases and sales of business interests: -$859,000,000.00(Gains) losses on purchases and sales of businessinterests−$859.00 MRemaining operating cash flows, net (calculated): $1,000,000.00Remaining operating (calculated)+$1.00 MNet cash from operating activities: $1,662,000,000.00Operating cash+$1.66 BOperating adjustments reconciliation: $3,970,000,000.00Net increase (decrease) in borrowings of maturities of 90 days or less: -$23,000,000.00Short-term debt ≤3 months, net−$23.00 MTransfers from (to) Parent: $2,933,000,000.00Transfers from (to) Parent+$2.93 BAll other financing activities: $579,000,000.00Other financing, net+$579.00 MNet cash from financing activities: $3,489,000,000.00Financing cash+$3.49 Bfinancing reconciliation: $3,512,000,000.00Purchases of and contributions to equity method investments: -$110,000,000.00Equity-method investments made−$110.00 MAdditions to property, plant, and equipment and internal-use software: -$533,000,000.00Capital expenditures−$533.00 MDispositions of property, plant, and equipment: $16,000,000.00PP&E sales+$16.00 MSales of and distributions from equity method investments: $32,000,000.00Equity-method investment sales+$32.00 MProceeds from principal business dispositions: $639,000,000.00Business sales, net of cash+$639.00 MAll other investing activities: $94,000,000.00Other investing, net+$94.00 MNet cash from investing activities: $138,000,000.00Investing cash+$138.00 Minvesting reconciliation: $781,000,000.00Cash sources and uses: $7,443,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,551,000,000.00Beginning cash$1.55 BEnding cash: Cash, cash equivalents, and restricted cash: $7,395,000,000.00Ending cash$7.40 BExchange-rate effect: -$48,000,000.00FX effect−$48.00 MDifference in the filed cash totals (calculated): $603,000,000.00Filer's cash difference(calculated)+$603.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$1.13 BOperating cash − cash spent on productive assetsCash flow / Net income1.55×Operating cash flow ÷ net incomeNet cash change+$5.84 BEnding cash − beginning cash
Chart details

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

Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. 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 Dec 31, 2023
1,551,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,662,000,000 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. It may combine inflows and outflows.
Depreciation and amortization of property, plant, and equipment (Note 6)
715,000,000 US dollars
All other operating activities
98,000,000 US dollars
Amortization of intangible assets (Note 8)
188,000,000 US dollars
Increase (decrease) in accounts payable and equipment project payables
970,000,000 US dollars
Increase (decrease) in due to related parties
negative 366,000,000 US dollars
Net income (loss)
1,075,000,000 US dollars
Cash recovered (paid) during the year for income taxes
negative 299,000,000 US dollars
Increase (decrease) in contract liabilities and current deferred income
1,660,000,000 US dollars
Decrease (increase) in due from related parties
negative 5,000,000 US dollars
Principal pension plans – net (Note 13)
negative 280,000,000 US dollars
Decrease (increase) in current contract assets
negative 234,000,000 US dollars
Decrease (increase) in current receivables
28,000,000 US dollars
Other postretirement benefit plans – net (Note 13)
negative 189,000,000 US dollars
Decrease (increase) in inventories, including deferred inventory costs
negative 1,151,000,000 US dollars
Provision (benefit) for income taxes (Note 15)
310,000,000 US dollars
(Gains) losses on purchases and sales of business interests
negative 859,000,000 US dollars
Remaining operating cash flows, net (calculated)
1,000,000 US dollars
Investing activities
138,000,000 US dollars. Net cash provided.
Purchases of and contributions to equity method investments
negative 110,000,000 US dollars
Additions to property, plant, and equipment and internal-use software
negative 533,000,000 US dollars
Dispositions of property, plant, and equipment
16,000,000 US dollars
Sales of and distributions from equity method investments
32,000,000 US dollars
Proceeds from principal business dispositions
639,000,000 US dollars
All other investing activities
94,000,000 US dollars
Financing activities
3,489,000,000 US dollars. Net cash provided.
Net increase (decrease) in borrowings of maturities of 90 days or less
negative 23,000,000 US dollars
Transfers from (to) Parent
2,933,000,000 US dollars
All other financing activities
579,000,000 US dollars
Operating adjustment reconciliation
3,970,000,000 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 gross reconciliation
3,512,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
781,000,000 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
negative 48,000,000 US dollars
Difference in the filed cash totals (calculated)
603,000,000 US dollars. Into cash; drawn as the small gray flow above beginning cash.
Ending cash on Sep 30, 2024
7,395,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
7,443,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
5,844,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.55×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,662,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
533,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,129,000,000 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 income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $587.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • 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.
  • The filer's reported cash figures differ by $603.00 M: its ending cash less its beginning cash does not equal its reported net change in cash. The chart shows the difference as its own calculated flow; no reported amount has been adjusted.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 1,662,000,000 US dollars minus 533,000,000 US dollars equals 1,129,000,000 US dollars.
  • The filer's reported cash figures differ by $603.00 M: its ending cash less its beginning cash does not equal its reported net change in cash. The chart shows the difference as its own calculated flow; no reported amount has been adjusted.
GE Vernova Inc. (GEV) FY2024 YTD Q3 Statement of Cash Flows Sankey chart
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