GENERAL ELECTRIC CO
For the period ended Jun 30, 2024. Filed Jul 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.
Jun 30, 2024 · Filed Jul 23, 2024
GE$323.24+2.7%Stored close · as of Nov 6, 2026
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Financial Statements and Notes Statement of Earnings (Loss)
| STATEMENT OF EARNINGS (LOSS) (UNAUDITED) | Three months ended June 30 | Six months ended June 30 | ||
|---|---|---|---|---|
| (In millions, per-share amounts in dollars) | 2024 | 2023 | 2024 | 2023 |
| Sales of equipment | $2,175 | $2,532 | $4,596 | $4,506 |
| Sales of services | 6,047 | 5,375 | 11,702 | 10,446 |
| Insurance revenues (Note 12) | 871 | 847 | 1,750 | 1,639 |
| Total revenues | 9,094 | 8,755 | 18,048 | 16,591 |
| Cost of equipment sold | 2,302 | 2,626 | 4,767 | 4,744 |
| Cost of services sold | 3,273 | 3,066 | 6,554 | 5,947 |
| Selling, general and administrative expenses | 924 | 913 | 1,950 | 1,845 |
| Separation costs | 75 | 163 | 334 | 327 |
| Research and development | 300 | 239 | 570 | 468 |
| Interest and other financial charges | 248 | 249 | 511 | 497 |
| Insurance losses, annuity benefits and other costs (Note 12) | 667 | 735 | 1,293 | 1,418 |
| Non-operating benefit cost (income) | (204) | (249) | (421) | (488) |
| Total costs and expenses | 7,584 | 7,742 | 15,558 | 14,759 |
| Other income (loss) (Note 18) | (63) | 496 | 944 | 6,600 |
| Earnings (loss) from continuing operations before income taxes | 1,447 | 1,509 | 3,434 | 8,432 |
| Benefit (provision) for income taxes (Note 15) | (125) | (253) | (369) | (467) |
| Earnings (loss) from continuing operations | 1,322 | 1,256 | 3,065 | 7,965 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (54) | (1,218) | (232) | (447) |
| Net earnings (loss) | 1,268 | 37 | 2,833 | 7,518 |
| Less net earnings (loss) attributable to noncontrolling interests | 2 | 4 | 28 | (23) |
| Net earnings (loss) attributable to the Company | 1,266 | 33 | 2,805 | 7,541 |
| Preferred stock dividends | — | (58) | — | (204) |
| Net earnings (loss) attributable to common shareholders | $1,266 | $(25) | $2,805 | $7,338 |
| Amounts attributable to common shareholders | ||||
| Earnings (loss) from continuing operations | $1,322 | $1,256 | $3,065 | $7,965 |
| Less net earnings (loss) attributable to noncontrolling interests, | ||||
| continuing operations | 2 | 2 | 4 | 6 |
| Earnings (loss) from continuing operations attributable to the Company | 1,320 | 1,254 | 3,061 | 7,958 |
| Preferred stock dividends | — | (58) | — | (204) |
| Earnings (loss) from continuing operations attributable | ||||
| to common shareholders | 1,320 | 1,195 | 3,061 | 7,755 |
| Earnings (loss) from discontinued operations attributable | ||||
| to common shareholders | (54) | (1,221) | (256) | (417) |
| Net earnings (loss) attributable to common shareholders | $1,266 | $(25) | $2,805 | $7,338 |
| Earnings (loss) per share from continuing operations (Note 17) | ||||
| Diluted earnings (loss) per share | $1.20 | $1.09 | $2.78 | $7.06 |
| Basic earnings (loss) per share | $1.21 | $1.10 | $2.81 | $7.12 |
| Net earnings (loss) per share (Note 17) | ||||
| Diluted earnings (loss) per share | $1.15 | $(0.02) | $2.55 | $6.68 |
| Basic earnings (loss) per share | $1.16 | $(0.02) | $2.58 | $6.74 |
2024 2Q FORM 10-Q 15
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