General Electric Company (GE) Income Statement Analysis

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Complete financial analysis of General Electric Company (GE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of General Electric Company, a leading company in the Aerospace & Defense industry within the Industrials sector.

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General Electric Company (GE)

Industry: Aerospace & Defense

Sector: Industrials

Website: https://www.geaerospace.com

About General Electric Company

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	67.95B	58.10B	56.47B	75.83B	95.22B	121.62B	120.47B	119.69B	115.16B	147.81B	143.03B	144.80B	147.30B	150.21B	156.78B	182.52B	172.74B	163.39B	149.70B	152.36B	134.19B	131.70B	125.91B	129.85B	110.83B	99.82B	88.54B	78.54B	69.28B	59.32B	59.83B	56.27B	59.38B	57.66B	53.88B	38.79B	39.32B	35.21B	28.29B
Cost of Revenue	50.39B	44.27B	43.38B	57.87B	70.03B	92.67B	91.93B	87.48B	82.69B	81.31B	112.28B	110.70B	105.66B	109.82B	113.73B	125.79B	73.13B	74.11B	66.81B	61.76B	51.21B	52.86B	49.10B	51.82B	39.27B	36.42B	36.01B	29.09B	27.38B	25.76B	39.43B	25.56B	29.74B	28.88B	27.44B	26.57B	28.11B	24.73B	19.78B
Gross Profit	17.56B	13.83B	13.09B	17.96B	25.19B	28.94B	28.53B	32.21B	32.47B	66.50B	30.75B	34.10B	41.64B	40.39B	43.06B	56.72B	99.61B	89.28B	82.89B	90.60B	82.98B	78.84B	76.82B	78.03B	71.57B	63.40B	52.53B	49.46B	41.90B	33.56B	20.40B	30.71B	29.64B	28.79B	26.44B	12.23B	11.20B	10.48B	8.51B
Gross Profit Ratio	25.84%	23.80%	23.18%	23.69%	26.45%	23.80%	23.69%	26.91%	28.19%	44.99%	21.50%	23.55%	28.27%	26.89%	27.46%	31.08%	57.67%	54.64%	55.37%	59.47%	61.84%	59.87%	61.01%	60.09%	64.57%	63.51%	59.33%	62.97%	60.48%	56.58%	34.10%	54.58%	49.91%	49.92%	49.07%	31.52%	28.49%	29.77%	30.09%
Research & Development	1.91B	1.79B	1.68B	2.57B	3.12B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	12.08B	11.77B	10.35B	14.99B	17.24B	0.00	0.00	0.00	0.00	28.02B	0.00	0.00	2.91B	41.12B	40.82B	45.23B	43.77B	40.63B	40.75B	53.78B	48.10B	46.32B	43.22B	45.39B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	12.08B	11.77B	10.35B	14.99B	17.24B	18.11B	18.28B	18.38B	17.83B	28.02B	0.00	0.00	2.91B	3.01B	3.02B	45.23B	43.77B	40.63B	40.75B	53.78B	48.10B	46.32B	43.22B	45.39B	39.72B	34.69B	30.95B	27.33B	21.83B	17.37B	4.16B	15.51B	13.75B	13.41B	12.50B	11.66B	5.98B	5.96B	4.35B
Other Expenses	0.00	779.00M	-499.00M	-2.22B	-1.08B	-982.00M	-3.63B	-982.00M	-2.61B	-34.03B	-33.93B	-36.10B	-37.28B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	13.99B	13.55B	12.03B	17.55B	17.24B	18.11B	16.66B	14.37B	15.60B	3.22B	1.80B	1.33B	7.00B	10.20B	13.95B	11.37B	48.31B	44.47B	44.59B	57.66B	51.85B	49.41B	45.71B	47.44B	46.41B	40.55B	35.03B	31.11B	25.43B	20.57B	7.42B	18.33B	16.58B	15.92B	14.75B	13.93B	7.52B	7.42B	5.58B
Cost & Expenses	64.38B	57.82B	55.41B	75.43B	87.27B	110.78B	108.59B	101.86B	98.30B	84.53B	114.09B	112.03B	112.66B	120.02B	127.67B	137.17B	121.44B	118.58B	111.40B	119.42B	103.05B	102.27B	94.80B	99.26B	85.68B	76.97B	71.04B	60.20B	52.80B	46.33B	46.85B	43.89B	46.32B	44.79B	42.20B	40.49B	35.64B	32.15B	25.35B
Interest Income	739.00M	474.00M	585.00M	0.00	1.51B	669.00M	299.00M	167.00M	65.00M	0.00	21.00M	114.00M	206.00M	173.00M	0.00	567.00M	25.00M	280.00M	96.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	1.12B	1.48B	1.79B	3.52B	4.23B	5.06B	4.87B	5.03B	3.46B	9.48B	10.12B	12.51B	14.55B	15.98B	18.77B	26.21B	23.79B	19.29B	15.19B	11.91B	10.43B	10.22B	11.06B	11.72B	10.01B	9.75B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	2.08B	2.90B	2.36B	3.46B	5.60B	8.22B	5.14B	5.00B	4.85B	9.28B	9.76B	9.35B	9.19B	10.01B	10.64B	11.49B	10.28B	9.16B	8.54B	8.39B	6.96B	6.00B	7.09B	7.74B	6.69B	5.86B	4.08B	3.79B	3.59B	3.21B	3.26B	2.82B	2.83B	2.51B	2.26B	2.27B	1.54B	1.46B	1.23B
EBITDA	13.38B	3.54B	3.38B	2.83B	11.07B	-9.85B	850.00M	16.95B	16.50B	29.26B	28.94B	32.77B	43.57B	39.51B	38.92B	57.01B	61.58B	50.62B	46.84B	40.26B	34.94B	35.62B	38.20B	38.33B	32.28B	29.09B	21.59B	22.13B	20.07B	16.19B	16.24B	15.21B	15.89B	15.38B	13.94B	569.00M	5.22B	4.52B	4.16B
EBITDA Ratio	19.69%	8.01%	5.99%	2.19%	7.21%	8.10%	6.84%	14.08%	12.38%	19.79%	20.24%	22.63%	23.52%	20.10%	18.57%	24.85%	35.65%	33.03%	31.29%	27.12%	28.39%	26.90%	30.34%	29.52%	28.02%	28.11%	21.78%	27.36%	27.88%	25.96%	25.92%	25.60%	25.31%	25.36%	24.60%	-27.65%	12.84%	9.28%	11.30%
Operating Income	3.57B	276.00M	1.06B	409.00M	7.94B	10.83B	11.88B	17.83B	16.86B	63.29B	28.94B	32.77B	34.64B	30.19B	29.11B	45.35B	51.30B	44.81B	38.30B	32.94B	31.13B	29.43B	31.11B	30.59B	25.16B	22.85B	17.50B	18.34B	16.48B	12.99B	12.98B	12.39B	13.06B	12.87B	11.69B	-1.70B	3.68B	3.06B	2.94B
Operating Income Ratio	5.26%	0.48%	1.87%	0.54%	8.34%	8.91%	9.86%	14.90%	14.64%	42.81%	20.24%	22.63%	23.52%	20.10%	18.57%	24.85%	29.70%	27.43%	25.59%	21.62%	23.20%	22.35%	24.71%	23.56%	22.70%	22.89%	19.77%	23.35%	23.78%	21.89%	21.70%	22.01%	21.99%	22.32%	21.69%	-4.37%	9.36%	8.69%	10.38%
Total Other Income/Expenses	6.62B	-1.08B	-6.75B	5.56B	-5.21B	-27.75B	-23.03B	-7.15B	4.21B	-5.59B	-3.25B	-12.00B	-14.55B	-16.00B	-18.31B	-25.76B	-24.69B	-19.74B	-15.73B	-12.34B	-10.77B	-10.54B	-11.41B	-12.15B	-9.58B	-9.37B	-6.32B	-7.54B	-6.74B	-4.33B	-6.41B	-6.11B	-6.62B	-6.72B	-5.99B	6.42B	-472.00M	632.00M	593.00M
Income Before Tax	10.19B	-799.00M	-5.70B	5.97B	1.15B	-20.13B	-8.79B	9.03B	8.19B	17.23B	16.15B	17.41B	20.10B	14.21B	10.34B	19.14B	26.60B	24.62B	22.13B	20.11B	19.90B	18.89B	19.70B	18.45B	15.58B	13.48B	11.18B	10.81B	9.74B	8.66B	6.58B	6.27B	6.44B	6.15B	5.70B	4.72B	3.21B	3.69B	3.53B
Income Before Tax Ratio	15.00%	-1.38%	-10.09%	7.87%	1.21%	-16.56%	-7.30%	7.54%	7.11%	11.66%	11.29%	12.02%	13.64%	9.46%	6.60%	10.49%	15.40%	15.07%	14.78%	13.20%	14.83%	14.34%	15.65%	14.21%	14.05%	13.50%	12.63%	13.76%	14.06%	14.60%	10.99%	11.15%	10.84%	10.66%	10.58%	12.17%	8.16%	10.49%	12.47%
Income Tax Expense	1.16B	-3.00M	-757.00M	-487.00M	726.00M	583.00M	-3.04B	-464.00M	6.49B	1.77B	676.00M	2.50B	5.73B	1.05B	-1.09B	1.05B	4.13B	3.95B	3.85B	3.51B	4.32B	3.76B	5.57B	5.71B	4.86B	4.18B	2.98B	3.53B	3.16B	2.75B	2.15B	1.97B	2.00B	1.84B	1.76B	1.34B	1.09B	1.20B	1.19B
Net Income	9.48B	339.00M	-6.34B	5.70B	-4.98B	-22.36B	-5.79B	8.83B	-6.13B	15.23B	14.06B	13.64B	14.15B	11.64B	11.03B	17.41B	22.21B	20.83B	16.35B	16.59B	15.00B	14.12B	13.68B	12.74B	10.72B	9.30B	8.20B	7.28B	6.57B	4.73B	4.32B	4.73B	2.64B	4.30B	3.94B	3.39B	2.12B	2.49B	2.34B
Net Income Ratio	13.95%	0.58%	-11.22%	7.52%	-5.23%	-18.38%	-4.80%	7.38%	-5.32%	10.31%	9.83%	9.42%	9.61%	7.75%	7.03%	9.54%	12.86%	12.75%	10.92%	10.89%	11.18%	10.72%	10.87%	9.81%	9.67%	9.31%	9.26%	9.27%	9.49%	7.97%	7.21%	8.40%	4.44%	7.46%	7.31%	8.73%	5.39%	7.08%	8.26%
EPS	8.44	0.05	-5.77	4.64	-4.57	-20.60	-5.76	7.20	-4.96	12.08	10.96	10.32	9.92	8.48	8.08	13.76	17.44	16.00	12.64	13.20	12.16	11.36	11.04	10.32	8.72	7.60	6.67	5.87	5.20	3.69	3.36	3.68	2.08	3.28	2.88	2.48	1.60	1.84	1.76
EPS Diluted	8.36	0.05	-5.77	4.64	-4.57	-20.58	-5.76	7.12	-4.96	12.00	10.88	10.32	9.84	8.48	8.08	13.76	17.36	16.00	12.56	13.12	12.08	11.28	10.96	10.16	8.56	7.44	6.56	5.76	5.20	3.69	3.36	3.68	2.08	3.28	2.88	2.48	1.60	1.84	1.76
Weighted Avg Shares Out	1.09B	1.10B	1.10B	1.09B	1.09B	1.09B	1.08B	1.13B	1.24B	1.26B	1.28B	1.32B	1.32B	1.33B	1.33B	1.26B	1.27B	1.29B	1.32B	1.30B	1.25B	1.66B	1.65B	1.65B	1.23B	1.23B	1.23B	1.26B	1.26B	1.28B	1.28B	1.28B	1.27B	1.31B	1.37B	1.37B	1.32B	1.35B	1.33B
Weighted Avg Shares Out (Dil)	1.10B	1.10B	1.10B	1.10B	1.09B	1.09B	1.08B	1.14B	1.25B	1.27B	1.29B	1.32B	1.33B	1.33B	1.33B	1.26B	1.28B	1.30B	1.33B	1.31B	1.26B	1.67B	1.67B	1.67B	1.25B	1.25B	1.25B	1.26B	1.26B	1.28B	1.31B	1.28B	1.27B	1.31B	1.37B	1.37B	1.32B	1.35B	1.33B

General Electric Digital Transformation Strategy 2024 - Accelerators, Incubators and Other Innovation Programs

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How GE Vernova plans to deploy small nuclear reactors across the developed world

November 30, 2024cnbc.com

GE Vernova's small modular reactor, BWRX-300, could play a role in developing more nuclear power over the next decade. The General Electric spinoff is targeting more than $2 billion in annual revenue from its small reactor business by the mid-2030s.

GE reaches $362.5 million shareholder settlement over power unit

November 26, 2024reuters.com

General Electric , doing business as GE Aerospace, will pay $362.5 million in cash to resolve a long-running shareholder lawsuit accusing it of hiding risks at its power business, court papers show.

Ultra High Conviction - If I Could Own Just 5 Dividend Stocks

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Investing with conviction is key, especially when narrowing down to just five dividend stocks that can anchor a portfolio for long-term success. My selections focus on resilience, income growth, and strong fundamentals, designed to deliver dependable returns through all market...

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November 25, 2024zacks.com

GE Aerospace, Fomento Economico, Waste Management and Aware are included in this Analyst Blog.

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November 24, 2024seekingalpha.com

GE Vernova, spun off from General Electric in April 2024, specializes in electric power industry products and services, achieving double-digit organic revenue and order growth. Electrification and decarbonization trends, along with rising data center power needs, present significant growth opportunities...

GE Aerospace: The Top Aerospace Engine Stock To Buy

November 24, 2024seekingalpha.com

GE Aerospace's Q3 earnings showed positive metrics, with order inflow up 28% and adjusted EPS at $1.15, despite revenue falling short of expectations. The company faces supply chain challenges and pressures from key programs like the GE9X and CFM LEAP...

Largest U.S. Pension Sold GE Aerospace and Tesla Stock, Bought AT&T and Costco

November 24, 2024barrons.com

Calpers sold GE Aerospace and Tesla stock, and bought more shares of AT&T and Costco in the third quarter.

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IQ-AI Ltd (LSE:IQAI, OTCQB:IQAIF) earlier this week announced an expanded partnership between its subsidiary, Imaging Biometrics, and GE Healthcare. The agreement will streamline the distribution of IB Neuro and IB Delta T1 platforms, which assist in assessing and treating brain...