GENERAL ELECTRIC CO
For the period ended Mar 31, 2024. Filed Apr 23, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 23, 2024
GE$335.54+3.8%Stored close · as of Nov 9, 2026
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Financial Statements and Notes Statement of Earnings (Loss)
| STATEMENT OF EARNINGS (LOSS) (UNAUDITED) | Three months ended March 31 | |
|---|---|---|
| (In millions, per-share amounts in dollars) | 2024 | 2023 |
| Sales of equipment | $5,935 | $5,287 |
| Sales of services | 9,239 | 8,407 |
| Insurance revenues (Note 13) | 879 | 791 |
| Total revenues (Note 8) | 16,053 | 14,486 |
| Cost of equipment sold | 6,024 | 5,605 |
| Cost of services sold | 5,596 | 5,124 |
| Selling, general and administrative expenses | 2,269 | 2,142 |
| Separation costs (Note 20) | 355 | 205 |
| Research and development | 507 | 431 |
| Interest and other financial charges | 278 | 269 |
| Insurance losses, annuity benefits and other costs (Note 13) | 627 | 684 |
| Non-operating benefit cost (income) | (362) | (385) |
| Total costs and expenses | 15,295 | 14,075 |
| Other income (loss) (Note 19) | 1,109 | 6,081 |
| Earnings (loss) from continuing operations before income taxes | 1,866 | 6,492 |
| Benefit (provision) for income taxes (Note 16) | (318) | (271) |
| Earnings (loss) from continuing operations | 1,549 | 6,221 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | 14 | 1,257 |
| Net earnings (loss) | 1,563 | 7,478 |
| Less net earnings (loss) attributable to noncontrolling interests | 27 | (27) |
| Net earnings (loss) attributable to the Company | 1,537 | 7,506 |
| Preferred stock dividends and other | — | (145) |
| Net earnings (loss) attributable to GE common shareholders | $1,537 | $7,360 |
| Amounts attributable to GE common shareholders | ||
| Earnings (loss) from continuing operations | $1,549 | $6,221 |
| Less net earnings (loss) attributable to noncontrolling interests, | ||
| continuing operations | 27 | (27) |
| Earnings (loss) from continuing operations attributable to the Company | 1,522 | 6,248 |
| Preferred stock dividends and other | — | (145) |
| Earnings (loss) from continuing operations attributable | ||
| to GE common shareholders | 1,522 | 6,103 |
| Earnings (loss) from discontinued operations attributable | ||
| to GE common shareholders | 14 | 1,257 |
| Net earnings (loss) attributable to GE common shareholders | $1,537 | $7,360 |
| Earnings (loss) per share from continuing operations (Note 18) | ||
| Diluted earnings (loss) per share | $1.38 | $5.56 |
| Basic earnings (loss) per share | $1.39 | $5.60 |
| Net earnings (loss) per share (Note 18) | ||
| Diluted earnings (loss) per share | $1.39 | $6.71 |
| Basic earnings (loss) per share | $1.41 | $6.76 |
2024 1Q FORM 10-Q 26
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