GE’s poor financial performance


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cheap jordans for sale Chinese militaries cheap jordans under 100 dollars were important for the cheap jordans kicks same reason. Everything was important. Everything mattered.. The move comes as GE adopts a new accounting standard that changes the way companies are allowed to measure the timing and impact of long term contracts with customers. GE, which makes everything from jet engines to power cheap jordans for youth plants, earns a lot of money on service contracts with clients.The SEC has been investigating GE for, among other things, how the company reports long term service agreements.GE emphasized that cheap jordans online mens the new accounting standard won’t hurt its cash flow, which has been alarmingly low in recent quarters.”The new standard cheap deadstock jordans will have no cash impact and, as such, does not affect the economics of our underlying customer contracts,” cheap jordans men GE said in the filing.GE said it is “difficult to cheap jordans for sale estimate” how the new standard will impact future results.Related: SEC opens investigation into GELast month, when GE disclosed that the SEC has been investigating the company, it said it planned to restate two years of earnings.Friday’s filing details how in late November the staff of the Boston SEC office notified the company of an investigation into its revenue recognition practices and internal controls over long term service agreements.The SEC expanded its probe in January after GE shocked Wall Street by revealing a $6.2 billion charge on a portfolio of long term care insurance policies it held. GE said the SEC is investigating the charge and the “process leading” up to it.”We are providing documents and other information requested by the SEC staff, and we are cooperating with their ongoing investigation,” GE said on Friday.GE’s poor financial performance, underlined by shrinking cash flows, drove the stock price cheap jordans eclipse down by nearly half in 2017 even as super cheap jordan shoes the rest of the stock market boomed.To preserve cash, GE slashed its dividend for only the second time since the Great Depression, slashed 12,000 power jobs and put long held businesses like its railroad and cheap air jordan light bulb divisions up for sale.CNNMoney (New York) First published February 25, 2018: 5:20 PM ETContact UsClosed CaptioningSite MapMost stock quote data provided by BATS. cheap jordans for cheap jordans retro sale

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