AOMFF - General Electric: Assessing If Power's Negative Cash Flow May Prompt A Ratings Action
A GE employee working on a gas turbine in France. Source: Barron's
Major asset sales have made it difficult to project future earnings of General Electric's (GE) core businesses - Aviation, Power Systems and Renewable Energy - or ("NewCo"). GE CFO Jamie Miller recently divulged the company expects Power to have very significant negative cash flow this year:
General Electric (GE -0.5%) expects "very significant negative cash flow" from its core power plant business this year and does not anticipate large improvement in the unit's cash flow margins for at least