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General Electric cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$1.8B in Q3 2026 · $8.0B over twelve months

Operating cash flow$2.2B
Capital spending−$336M
Free cash flow+$1.8B
Cash / net income0.9×

Analysis

In Q3 2026, General Electric generated $2.2B of operating cash flow and spent $336M on capital projects, leaving free cash flow of $1.8B. That is $378M less than in Q3 2025 ($2.2B).

Over the twelve months to Sep 30, 2026, operating cash flow was $9.5B; the largest uses were buybacks ($8.5B), dividends ($1.7B), other investing ($1.6B); besides operations, cash came from net borrowing (+) / repaid (−) ($475M), asset & business sales ($226M); the cash balance fell by $4.7B.

Operating cash flow was $2.2B against net income of $2.3B — 0.9× profit, roughly in line with earnings. The largest differences: receivables −$1.7B, other operating capital +$558M, prepaid and other assets −$396M.

Free cash flow

General Electric: free cash flow by quarterGeneral Electric: free cash flow by quarter$1.0BQ4 2024$1.3BQ1 2025$1.9BQ2 2025$2.2BQ3 2025$1.9BQ4 2025$1.5BQ1 2026$2.9BQ2 2026$1.8BQ3 2026
Operating cash flow less capital spending.
General Electric: operating cash flow against capital spendingGeneral Electric: operating cash flow against capital spendingOperating cash flowCapital spending$1.3B$267MQ4 2024$1.5B$208MQ1 2025$2.2B$327MQ2 2025$2.5B$307MQ3 2025$2.3B$431MQ4 2025$1.8B$331MQ1 2026$3.2B$335MQ2 2026$2.2B$336MQ3 2026
Latest (Q3 2026): Operating cash flow $2.2B, Capital spending $336M.

Capital allocation, year by year

General Electric: where the cash came from (up) and went (down), by fiscal yearGeneral Electric: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $3.5BFY2021: Net borrowing −$704MFY2021: Asset sales $22.5BFY2021: Capital spending −$1.1BFY2021: Acquisitions −$69.0MFY2021: Buybacks −$107MFY2021: Dividends −$575M$26.0BFY2021FY2022: Operating cash flow $5.9BFY2022: Net borrowing $42.0MFY2022: Asset sales $153MFY2022: Capital spending −$1.1BFY2022: Acquisitions −$30.0MFY2022: Buybacks −$1.0BFY2022: Dividends −$639M$6.1BFY2022FY2023: Operating cash flow $5.2BFY2023: Net borrowing −$71.0MFY2023: Asset sales $60.0MFY2023: Capital spending −$862MFY2023: Acquisitions −$41.0MFY2023: Buybacks −$1.2BFY2023: Dividends −$589M$5.2BFY2023FY2024: Operating cash flow $4.7BFY2024: Net borrowing $2.0MFY2024: Asset sales $114MFY2024: Capital spending −$1.0BFY2024: Acquisitions −$135MFY2024: Buybacks −$5.8BFY2024: Dividends −$1.0B$4.8BFY2024FY2025: Operating cash flow $8.5BFY2025: Net borrowing $2.0BFY2025: Asset sales $123MFY2025: Capital spending −$1.3BFY2025: Acquisitions −$360MFY2025: Buybacks −$7.6BFY2025: Dividends −$1.5B$10.7BFY2025
Over these 5 years operating cash flow totalled $27.8B; the largest uses were buybacks ($15.8B) and capital spending ($5.3B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$8.8B
Debt$20.9B
Net debt$12.2B
Due within a year$1.7B

General Electric funds itself: free cash flow was $8.0B over the last twelve months, and $8.8B of cash and investments stands against $20.9B of debt ($1.7B due within a year, 5.3× covered by cash).

General Electric: debt maturities by year (FY2025)General Electric: debt maturities by year (FY2025)$1.7BYear 1$1.7BYear 2$480MYear 3$1.6BYear 4$1.7BYear 5$13.3BAfter year 5
Principal due in each year as disclosed in the annual report, against $8.8B of cash and investments now.

Where the cash came from and went

General Electric: sources (+) and uses (−) of cash, Q3 2026General Electric: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$2.2BBuybacks−$2.0BCash drawn (+) / kept (−)$1.1BOther investing−$905MDividends−$489MNet borrowing (+) / repaid (−)$487MCapital spending−$336MOther financing−$124MAsset & business sales$121MExchange rates−$11.0M
General Electric: sources (+) and uses (−) of cash, TTM to Q3 2026General Electric: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$9.5BBuybacks−$8.5BCash drawn (+) / kept (−)$4.7BDividends−$1.7BOther investing−$1.6BOther financing−$1.6BCapital spending−$1.4BNet borrowing (+) / repaid (−)$475MAsset & business sales$226MExchange rates−$67.0MAcquisitions−$1.0MNot reconciled−$1.0M

From profit to cash

General Electric: net income to operating cash flow, Q3 2026General Electric: net income to operating cash flow, Q3 2026Net income$2.3BDepreciation & amortization$227MReceivables−$1.7BInventory−$322MPayables$60.0MEmployee-related liabilities$364MDeferred revenue$183MPrepaid and other assets−$396MOther liabilities$159MOther operating capital$558MOperating cash flow$2.2B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$2.2B−$336M—−$2.0B−$489M$487M$1.1B$1.8B
Q2 2026$3.2B−$335M−$1.0M−$2.1B−$492M—$1.4B$2.9B
Q1 2026$1.8B−$331M—−$2.4B−$381M—$2.0B$1.5B
Q4 2025$2.3B−$431M—−$2.0B−$381M$8.0M$229M$1.9B
Q3 2025$2.5B−$307M−$6.0M−$1.8B−$383M−$8.0M−$1.5B$2.2B
Q2 2025$2.2B−$327M−$254M−$1.7B−$386M$25.0M$1.4B$1.9B
Q1 2025$1.5B−$208M−$100M−$2.0B−$302M—$1.0B$1.3B
Q4 2024$1.3B−$267M−$9.0M−$1.7B−$306M−$1.0M$692M$1.0B

General Electric: income statement and cash flow

General Electric, Q3 2026: revenue $14.1B (+16% year over year), operating margin 16.8%. The chart follows the revenue to costs, profit and cash.

General Electric: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.