GE cash flow is so bad that they will have to sell off the last few businesses just to pay the bills.
They have sold off all the family furniture last ten years, and now are screwed because they do not have an empire generating cash flow. Like any investor portfolio, this diversity is what keeps the money rolling in when some are up and others are down through normal and predictable cycles.
Worse still, the decades of bad decisions made and departure from vertical integration especially since 1998 under Welch has stripped GE basic industries such as Power and Transportation to generate cash flow. Instead of turning raw materials into finished goods and capturing the value added, they are giving away much of the value added content of turbine generators sold to parts vendors with huge parasitic losses in shipping, handling, and middleman type activities. GE makes virtually no parts anymore, and thus has to ship heavy parts and major components hundreds and thousands of miles back and forth, pack and unpack instead of moving 50 or 100 yards during the manufacturing and assembly process. This, along with the many duplicate facilities with huge overhead they now support with little synergy instead of being in just several legacy Edison era plant buildings is bleeding their cash flow dry. They simply can't make money with all this bogus overhead that everyone knew was foolish to do under the guise of cost cutting by simply firing GE workers. Unfortunately, after you fire the workers, then you need to pay others with mark ups, poor quality, and inadequate technical capabilities to do you work for you, If you add the cost of quality to the equation, and customer impact in the power plant, you have a real mess.
We do have a real mess and now the management just wants to cut more across the board vs making GE great again. You can't replace people who know what they are doing, with those who don't which is what GE Power has done since 1998.
Now the parent company may no survive, just like Westinghouse.