General Electric Expects Negative Free Cash Flow in 2020
General Electric (NYSE: GE) forecasted negative free cash flow for the full year this week. The new CEO, Larry Culp, took over the company's sprawling asset portfolio 18 months ago, and still has work to do.
Balance sheet concerns at GE have been mitigated by a sale of GE's healthcare unit. Proceeds from that sale raised the company's liquidity position by over 20% during Culp's first year on the job, which should help offset this year's negative free cash flow. Free cash will be further aided by the recently announced sale of its lighting business as well.
Source Fool.com
