| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
271 | 283 | -391 | 185 | -631 | ||
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||||||
Depreciation and amortization | ||||||
1,418 | 1,486 | 1,103 | 550 | 530 | ||
Goodwill impairment | ||||||
- | - | - | - | 2,080 | ||
Provision (benefit) for deferred income taxes | ||||||
51 | -249 | -333 | -38 | -96 | ||
Loss (gain) on sale of business | ||||||
-138 | 171 | 0 | 0 | - | ||
Equity in loss of affiliate | ||||||
0 | -139 | -11 | 0 | - | ||
Changes in operating assets and liabilities: | ||||||
Current receivables | ||||||
583 | 204 | 1,190 | -278 | -469 | ||
Inventories | ||||||
200 | 339 | -418 | -367 | -442 | ||
Accounts payable | ||||||
249 | 794 | 303 | -256 | -450 | ||
Progress collections and deferred income | ||||||
1,147 | -27 | -293 | -719 | -867 | ||
Contract and other deferred assets | ||||||
60 | -129 | 439 | 88 | 87 | ||
Other operating items, net | ||||||
305 | 79 | -12 | 17 | 113 | ||
Net cash flows from (used in) operating activities | ||||||
2,126 | 1,762 | -799 | 262 | 1,277 | ||
Cash flows from investing activities: | ||||||
Expenditures for capital assets | ||||||
1,240 | 995 | 665 | 424 | 607 | ||
Proceeds from disposal of assets | ||||||
264 | 458 | 172 | 20 | 30 | ||
Proceeds from business dispositions | ||||||
77 | 453 | 20 | 0 | 181 | ||
Net cash paid for acquisitions | ||||||
0 | 89 | 3,365 | 1 | 86 | ||
Net cash paid for business interests | ||||||
176 | 530 | 10 | 15 | - | ||
Other investing items, net | ||||||
-30 | -125 | 275 | 52 | -16 | ||
Net cash flows used in investing activities | ||||||
-1,045 | -578 | -4,123 | -472 | -466 | ||
Cash flows from financing activities: | ||||||
Net repayments of short-term borrowings | ||||||
-542 | -376 | -663 | -156 | 177 | ||
Proceeds from the issuance of long-term debt | ||||||
525 | 0 | 3,928 | 0 | 0 | ||
Repayment of long-term debt | ||||||
570 | 684 | 177 | 0 | 0 | ||
Dividends paid | ||||||
395 | 315 | 155 | 0 | 0 | ||
Distributions to GE | ||||||
350 | 495 | 251 | 0 | 0 | ||
Payments for Repurchase of Common Stock | ||||||
0 | 387 | 174 | 0 | 0 | ||
Repurchase of common units from GE by BHGE LLC | ||||||
250 | 2,099 | 303 | 0 | 0 | ||
Net transfer from Parent | ||||||
0 | 0 | -1,498 | -191 | 708 | ||
Contribution received from GE | ||||||
0 | 0 | 7,400 | 0 | 0 | ||
Other financing items, net | ||||||
48 | -7 | -184 | -137 | 16 | ||
Net cash flows used in financing activities | ||||||
-1,534 | -4,363 | 10,919 | -102 | -515 | ||
Effect of currency exchange rate changes on cash and cash equivalents | ||||||
-21 | -128 | 52 | -139 | -254 | ||
Decrease in cash and cash equivalents | ||||||
-474 | -3,307 | 6,049 | -451 | 42 | ||
Supplemental cash flows disclosures: | ||||||
Income taxes paid, net of refunds | ||||||
438 | 424 | 230 | 317 | 264 | ||
Interest paid | ||||||
285 | 301 | 109 | 55 | 52 | ||