GE CEO Larry Culp on Cash Flow, Debt, Growth Strategy and the Power Business

The transcript discusses GE's financial strategy, focusing on strengthening the balance sheet and setting up businesses for long-term success. It highlights challenges in the power sector, accounting scrutiny, and plans for debt management. The future outlook for GE's business units, including aviation and renewables, is explored, along with the company's strategic focus on industry positioning. The impact of the Boeing partnership and recent challenges is also addressed.

What is one of the main goals for GE in 2019 according to the transcript?

• To expand into new markets

• To strengthen the balance sheet

• To reduce workforce

• To increase short-term profits

What was a significant challenge for GE's power business?

• Successful Alstom acquisition

• High demand for gas turbines

• Increasing renewable energy costs

• Declining demand for gas turbines

What is GE's approach to addressing the challenges in its power business?

• Expand into new markets

• Increase production of gas turbines

• Restructure and reduce costs

• Focus solely on renewables

What is GE's strategy to manage its debt situation?

• Increase workforce

• Increase short-term borrowing

• Sell assets like biopharma business

• Acquire new companies

What is a key factor in GE's strategy for 2020 and 2021?

• Increasing short-term borrowing

• Expanding into new industries

• Achieving positive cash flow

• Reducing renewable energy investments

How does GE view the future of its renewables business?

• As a strong business with growth potential

• As a declining sector

• As a non-essential part of the portfolio

• As a temporary investment

What is GE's approach to its aviation business?

• Focus on short-term gains

• Maintain strong performance and backlog

• Shift focus to healthcare

• Reduce investment

What role does GE's healthcare business play in its overall strategy?

• A non-essential division

• A declining sector

• A med tech optionality

• A core industrial focus

How does GE plan to handle the potential impact of global economic cycles?

• By diversifying into short-cycle businesses

• By focusing on long-cycle businesses like aviation

• By increasing short-term borrowing

• By reducing investments in healthcare

What is the expected impact of the 737 Max 8 issues on GE's engine business?

• Positive impact on sales

• Too early to determine

• No impact at all

• Immediate and severe impact