GE · Earnings call · 2026Q3T · Full report

Operating Cash Flow Trends

GENERAL ELECTRIC CO · 2026-10-20 · Importance 54 · Surprise 40 · No source text

Third-quarter free cash flow exceeded $2 billion, while year-to-date free cash flow increased 13% to $6.7 billion. Year-to-date free cash flow conversion was 105%, supported by higher earnings and a meaningful reduction in inventory growth. Working capital was a use because receivables increased from the timing of services billings and higher balances due from airframers. Net contract assets and liabilities were a source of cash during the quarter because of strong utilization billings.

Key facts

• GENERAL ELECTRIC CO is raising its 2026 free cash flow guidance to $9.1 billion–$9.4 billion, up $200 million from prior guide.
• GENERAL ELECTRIC CO year-to-date free cash flow was $6.7 billion, up 13%.
• GENERAL ELECTRIC CO generated more than $2 billion of free cash flow in the third quarter.
• GENERAL ELECTRIC CO free cash flow conversion year-to-date was 105%.
• GENERAL ELECTRIC CO said working capital was a use as receivables grew from timing of services billings and an increase in balance due from airframers.
• GENERAL ELECTRIC CO said net contract assets and liabilities were a source in the quarter from strong utilization billings.

Impact estimates