GE HealthCare Technologies Inc
For the period ended Jun 30, 2024. Filed Jul 31, 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 31, 2024
GEHC$83.65-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
| Condensed Consolidated Statements of Income (Unaudited) | ||||
|---|---|---|---|---|
| For the three months ended June 30 | For the six months ended June 30 | |||
| (In millions, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Sales of products | $3,207 | $3,213 | $6,253 | $6,344 |
| Sales of services | 1,632 | 1,604 | 3,237 | 3,180 |
| Total revenues | 4,839 | 4,817 | 9,489 | 9,524 |
| Cost of products | 2,045 | 2,084 | 4,012 | 4,121 |
| Cost of services | 792 | 793 | 1,574 | 1,572 |
| Gross profit | 2,002 | 1,940 | 3,904 | 3,831 |
| Selling, general, and administrative | 1,067 | 1,072 | 2,105 | 2,134 |
| Research and development | 327 | 298 | 651 | 568 |
| Total operating expenses | 1,395 | 1,370 | 2,756 | 2,702 |
| Operating income | 608 | 570 | 1,148 | 1,129 |
| Interest and other financial charges – net | 131 | 137 | 254 | 273 |
| Non-operating benefit (income) costs | (101) | (123) | (204) | (238) |
| Other (income) expense – net | (1) | (14) | 8 | (22) |
| Income before income taxes | 578 | 570 | 1,090 | 1,116 |
| Benefit (provision) for income taxes | (143) | (137) | (267) | (300) |
| Net income | 435 | 433 | 823 | 816 |
| Net (income) loss attributable to noncontrolling interests | (7) | (15) | (21) | (26) |
| Net income attributable to GE HealthCare | 428 | 418 | 802 | 790 |
| Deemed preferred stock dividend of redeemable noncontrolling interest | — | — | — | (183) |
| Net income attributable to GE HealthCare common stockholders | $428 | $418 | $802 | $607 |
| Earnings per share attributable to GE HealthCare common stockholders: | ||||
| Basic | $0.94 | $0.92 | $1.76 | $1.34 |
| Diluted | $0.93 | $0.91 | $1.75 | $1.33 |
| Weighted-average number of shares outstanding: | ||||
| Basic | 457 | 455 | 456 | 455 |
| Diluted | 459 | 458 | 459 | 458 |
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