Consider the General Electrics 10-K report for 2018. In the statement of cash flows they report 22,136 million of cash gains attributed to (apparently positive) goodwill impairment in the value of companies they acquired. Isn't goodwill some intangible type of asset (like value due to reputation of a company) that can only be estimated vaguely and does not represent actual cash that's available to be spent?
My impression is:
Putting this goodwill value into the statement of cash flows GE seems to skew the picture to seem like they obtain a huge lump of cash out of thin air, which in actuality does not exist in any tangible form.
Am I correct with this conclusion, or am I missing something / misunderstood the reported numbers?