1/ GE's results today reflect improving *cash flow.* Not profit. Cash flow.
"Free cash flow from industrial operations was $3.9B in the fourth quarter. GE set a higher cash target for 2020 of $2B to $4B - above the $3B analysts expect on average." https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1ZS1EW …
2/ Zero GE investors with any sense were focused on "GE's adjusted earnings totaled 21 cents a share, topping analyst estimates of 18 cents.
Cash is oxygen for a business and is a fact. You can count it and spend it. Earnings, especially adjusted earnings, are an opinion.
3/ The aviation business was crucial to sustaining an overall turnaround at GE by providing $4.4B in cash flow. GE had a “very strong close to the year on cash,” the GE CEO Culp said in an interview. https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/ge-jumps-cash-flow-outlook-114543399.html …
Cash is also critical for startups. No cash? No future.
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