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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
(Mark One)
[x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
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Commission file number 1-35
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GENERAL ELECTRIC COMPANY
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(Exact name of registrant as specified in its charter)
New York 14-0689340
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
3135 Easton Turnpike, Fairfield, CT 06431-0001
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(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code) (203) 373-2211
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(Former name, former address and former fiscal year,
if changed since last report)
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for
the past 90 days.
Yes x No
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There were 1,659,755,210 shares with a par value of $0.32 per share
outstanding at March 31, 1996.
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Part I. FINANCIAL INFORMATION
Item 1. FINANCIAL STATEMENTS
Condensed Statement of Cash Flows
General Electric Company and consolidated affiliates
<TABLE>
<CAPTION>
(Dollars in millions) Three months ended March 31 (Unaudited)
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Consolidated GE GECS
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1996 1995 1996 1995 1996 1995
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<S> <C> <C> <C> <C> <C> <C>
Cash flows from operating activities
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Net earnings $1,517 $1,372 $1,517 $1,372 $650 $559
Adjustments to reconcile net earnings to cash
provided from (used for) continuing operating activities
Depreciation, depletion and amortization 892 862 399 410 493 452
Earnings retained by GECS - - (424) (366) - -
Deferred income taxes 258 (27) 19 66 239 (93)
Decrease in GE current receivables 490 899 554 882 - -
Increase in GE inventories (567) (743) (567) (743) - -
Decrease in accounts payable (527) (835) (344) (176) (338) (617)
Increase in insurance reserves 1,565 615 - - 1,565 615
Provision for losses on financing
receivables 213 79 - - 213 79
All other operating activities (1,493) (517) 3 (949) (1,350) 402
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Cash from operating activities 2,348 1,705 1,157 496 1,472 1,397
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Cash flows from investing activities
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Property, plant and equipment (including
equipment leased to others) - additions (1,709) (1,617) (342) (307) (1,367) (1,310)
Net (increase) decrease in GECS financing receivables 651 (2,189) - - 651 (2,189)
Payments for principal businesses purchased (506) (1,627) (409) - (97) (1,627)
All other investing activities (1,267) (52) 49 38 (1,370) (88)
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Cash used for investing activities (2,831) (5,485) (702) (269) (2,183) (5,214)
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Cash flows from financing activities
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Net change in borrowings (maturities 90 days or less) (203) (3,262) 1,209 867 (1,414) (4,126)
Newly issued debt (maturities more than 90 days) 8,787 12,796 12 268 8,775 12,528
Repayments and other reductions (maturities
more than 90 days) (6,034) (3,970) (138) (159) (5,896) (3,811)
Net purchase of GE shares for treasury (624) (716) (624) (716) - -
Dividends paid to share owners (767) (699) (767) (699) (225) (193)
All other financing activities (329) (203) - - (329) (203)
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Cash from (used for) financing activities 830 3,946 (308) (439) 911 4,195
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Increase (decrease) in cash and equivalents 347 166 147 (212) 200 378
Cash and cash equivalents at beginning of year 2,823 2,591 874 1,373 1,949 1,218
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Cash and equivalents at March 31 $3,170 $2,757 $1,021 $1,161 $2,149 $1,596
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<FN>
See notes to Condensed Consolidated Financial Statements. Consolidating data are shown for "GE" and "GECS". Transactions
between GE and GECS have been eliminated from the "consolidated" columns.
</TABLE>
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
General Electric Company
(Registrant)
May 14, 1996 Philip D. Ameen
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Date Vice President and Comptroller
Duly Authorized Officer and Principal Accounting
Officer
