We have $107 Billion in debt. We have $27 Billion in pension liabilities.
We have no cash and we generated $15 Billion in cash over last 7 years.
How will we pay off debt and take care of our liabilities?
8 replies (most recent on top)
To people saying “government bailout”, there are enough industrial companies that want to scavenge the corpse of GE where the government won’t need to bail them out to “save the economy”. The new owners (UTX, Honeywell, MMM, etc.) will probably demand some sort of government backstop on the GE toxic waste assets if forced to take them on. Freshening my LinkedIn profile, this isn’t going to end well.
That is not a good sign. I would jump ship. That is very scary! Didn’t realize that they had so much debt.
What happened to the $200 billion (yes billion) of cash from the sale of 90+% of GE Capital?
Let's face it, the gig's up.
Just tell those flying airplanes or needing electrical generators that they will have to pay more...
Do you want to fly? Do you want to bomb the middle east? Do you like the ability to have electricity? Do you like having MRI machines?
If yes, you will pay more...
In the end, the US government will save GE just like others that are too big to fail.
you are missing unfunded LTC liabilities @ $25B, so 107+15+25=147 billion
They must be bankrupted and liquidated.
can we get a $190B bail-out like AIG?