GENERAL ELECTRIC CO
For the period ended Dec 31, 2024. Filed Feb 3, 2025.
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FY2024 · Filed Feb 3, 2025
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) | 2024 | 2023 | 2022 |
| Sales of equipment | $10,274 | $9,318 | $7,837 |
| Sales of services | 24,847 | 22,641 | 18,345 |
| Insurance revenue (Note 12) | 3,581 | 3,389 | 2,957 |
| Total revenue | 38,702 | 35,348 | 29,139 |
| Cost of equipment sold | 10,341 | 9,900 | 8,151 |
| Cost of services sold | 13,967 | 13,039 | 10,836 |
| Selling, general and administrative expenses | 4,437 | 4,045 | 3,672 |
| Separation costs | 492 | 692 | 625 |
| Research and development | 1,286 | 1,011 | 808 |
| Interest and other financial charges | 986 | 1,029 | 1,339 |
| Debt extinguishment costs | — | — | 465 |
| Insurance losses, annuity benefits and other costs (Note 12) | 2,429 | 2,886 | 2,592 |
| Goodwill impairments (Note 7) | 251 | — | — |
| Non-operating benefit cost (income) | (842) | (978) | (60) |
| Total costs and expenses | 33,346 | 31,625 | 28,428 |
| Other income (loss) (Note 19) | 2,264 | 6,718 | 811 |
| Earnings (loss) from continuing operations before income taxes | 7,620 | 10,441 | 1,522 |
| Benefit (provision) for income taxes (Note 15) | (962) | (994) | (169) |
| Earnings (loss) from continuing operations | 6,657 | 9,448 | 1,353 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (91) | (3) | (949) |
| Net earnings (loss) | 6,566 | 9,445 | 403 |
| Less net earnings (loss) attributable to noncontrolling interests | 11 | (37) | 67 |
| Net earnings (loss) attributable to the Company | 6,556 | 9,482 | 336 |
| Preferred stock dividends and other | — | (295) | (289) |
| Net earnings (loss) attributable to common shareholders | $6,556 | $9,188 | $48 |
| Amounts attributable to common shareholders | |||
| Earnings (loss) from continuing operations | $6,657 | $9,448 | $1,353 |
| Less net earnings (loss) attributable to noncontrolling interests, | |||
| continuing operations | (13) | (1) | 2 |
| Earnings (loss) from continuing operations attributable to the Company | 6,670 | 9,449 | 1,350 |
| Preferred stock dividends and other | — | (295) | (289) |
| Earnings (loss) from continuing operations attributable | |||
| to common shareholders | 6,670 | 9,154 | 1,061 |
| Earnings (loss) from discontinued operations attributable | |||
| to common shareholders | (114) | 33 | (1,014) |
| Net earnings (loss) attributable to common shareholders | $6,556 | $9,188 | $48 |
| Earnings (loss) per share from continuing operations (Note 18) | |||
| Diluted earnings (loss) per share | $6.09 | $8.33 | $0.97 |
| Basic earnings (loss) per share | $6.15 | $8.41 | $0.97 |
| Net earnings (loss) per share (Note 18) | |||
| Diluted earnings (loss) per share | $5.99 | $8.36 | $0.05 |
| Basic earnings (loss) per share | $6.04 | $8.44 | $0.05 |
382024 FORM 10-K
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