GENERAL ELECTRIC CO
For the period ended Dec 31, 2023. Filed Feb 2, 2024.
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FY2023 · Filed Feb 2, 2024
GE$337.91+0.7%Stored close · as of Nov 10, 2026
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Financial Statements and Notes Statement of Earnings (Loss)
| STATEMENT OF EARNINGS (LOSS) | |||
|---|---|---|---|
| For the years ended December 31 (In millions; per-share amounts in dollars) | 2023 | 2022 | 2021 |
| Sales of equipment | $26,793 | $22,334 | $25,096 |
| Sales of services | 37,772 | 32,808 | 28,272 |
| Insurance revenues (Note 12) | 3,389 | 2,957 | 3,101 |
| Total revenues | 67,954 | 58,100 | 56,469 |
| Cost of equipment sold | 27,683 | 23,743 | 25,161 |
| Cost of services sold | 22,709 | 20,529 | 18,217 |
| Selling, general and administrative expenses | 9,195 | 9,173 | 8,177 |
| Separation costs (Note 20) | 978 | 715 | — |
| Research and development | 1,907 | 1,786 | 1,682 |
| Interest and other financial charges | 1,118 | 1,477 | 1,790 |
| Debt extinguishment costs | — | 465 | 6,524 |
| Insurance losses, annuity benefits and other costs (Note 12) | 2,886 | 2,592 | 2,174 |
| Non-operating benefit cost (income) | (1,585) | (409) | 1,136 |
| Total costs and expenses | 64,891 | 60,071 | 64,861 |
| Other income (loss) (Note 19) | 7,129 | 1,172 | 2,696 |
| Earnings (loss) from continuing operations before income taxes | 10,191 | (799) | (5,695) |
| Benefit (provision) for income taxes (Note 15) | (1,162) | 3 | 757 |
| Earnings (loss) from continuing operations | 9,029 | (795) | (4,939) |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | 414 | 1,202 | (1,469) |
| Net earnings (loss) | 9,443 | 407 | (6,408) |
| Less net earnings (loss) attributable to noncontrolling interests | (37) | 67 | (71) |
| Net earnings (loss) attributable to the Company | 9,481 | 339 | (6,337) |
| Preferred stock dividends and other | (295) | (289) | (237) |
| Net earnings (loss) attributable to GE common shareholders | $9,186 | $51 | $(6,573) |
| Amounts attributable to GE common shareholders | |||
| Earnings (loss) from continuing operations | $9,029 | $(795) | $(4,939) |
| Less net earnings (loss) attributable to noncontrolling interests, | |||
| continuing operations | (38) | 16 | (117) |
| Earnings (loss) from continuing operations attributable to the Company | 9,067 | (811) | (4,821) |
| Preferred stock dividends and other | (295) | (289) | (237) |
| Earnings (loss) from continuing operations attributable | |||
| to GE common shareholders | 8,772 | (1,100) | (5,058) |
| Earnings (loss) from discontinued operations attributable | |||
| to GE common shareholders | 414 | 1,151 | (1,515) |
| Net earnings (loss) attributable to GE common shareholders | $9,186 | $51 | $(6,573) |
| Earnings (loss) per share from continuing operations (Note 18) | |||
| Diluted earnings (loss) per share | $7.98 | $(1.00) | $(4.62) |
| Basic earnings (loss) per share | $8.06 | $(1.00) | $(4.62) |
| Net earnings (loss) per share (Note 18) | |||
| Diluted earnings (loss) per share | $8.36 | $0.05 | $(6.00) |
| Basic earnings (loss) per share | $8.44 | $0.05 | $(6.00) |
2023 FORM 10-K 41
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