GE HealthCare Technologies Inc
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Oct 30, 2024
GEHC$83.65-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Condensed Consolidated Statements of Cash Flows (Unaudited) | ||
|---|---|---|
| For the nine months ended September 30 | ||
| (In millions) | 2024 | 2023 |
| Net income | $1,312 | $1,198 |
| Less: Income (loss) from discontinued operations, net of taxes | — | (4) |
| Net income from continuing operations | $1,312 | $1,202 |
| Adjustments to reconcile Net income from continuing operations to Cash from (used for) operating activities | ||
| Depreciation of property, plant, and equipment | 203 | 188 |
| Amortization of intangible assets | 237 | 278 |
| Gain on fair value remeasurement of contingent consideration | (19) | (17) |
| Net periodic postretirement benefit plan (income) expense | (271) | (291) |
| Postretirement plan contributions | (257) | (259) |
| Share-based compensation | 92 | 81 |
| Provision for income taxes | 435 | 550 |
| Cash paid during the year for income taxes | (375) | (375) |
| Changes in operating assets and liabilities, excluding the effects of acquisitions: | ||
| Receivables | 83 | (82) |
| Due from related parties | 24 | 9 |
| Inventories | (157) | (85) |
| Contract and other deferred assets | (33) | (75) |
| Accounts payable | 3 | (93) |
| Due to related parties | (72) | (87) |
| Contract liabilities | (25) | 69 |
| Current compensation and benefits | (97) | 37 |
| All other operating activities - net | (41) | 1 |
| Cash from (used for) operating activities – continuing operations | 1,042 | 1,051 |
| Cash flows – investing activities | ||
| Additions to property, plant and equipment and internal-use software | (299) | (293) |
| Dispositions of property, plant, and equipment | — | 1 |
| Purchases of businesses, net of cash acquired | (259) | (147) |
| Purchases of investments | (33) | (21) |
| All other investing activities - net | (83) | (10) |
| Cash from (used for) investing activities – continuing operations | (674) | (470) |
| Cash flows – financing activities | ||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | — | (9) |
| Newly issued debt, net of debt issuance costs (maturities longer than 90 days) | 994 | 2,020 |
| Repayments and other reductions (maturities longer than 90 days) | (162) | (9) |
| Dividends paid to stockholders | (41) | (28) |
| Redemption of noncontrolling interests | — | (211) |
| Net transfers (to) from GE | — | (1,317) |
| Proceeds from stock issued under employee benefit plans | 31 | 31 |
| Taxes paid related to net share settlement of equity awards | (90) | (31) |
| All other financing activities - net | (28) | (24) |
| Cash from (used for) financing activities – continuing operations | 704 | 422 |
| Cash from (used for) operating activities – discontinued operations | (4) | — |
| Effect of foreign currency rate changes on cash, cash equivalents, and restricted cash | (2) | (34) |
| Increase (decrease) in cash, cash equivalents, and restricted cash | 1,066 | 969 |
| Cash, cash equivalents, and restricted cash at beginning of year | 2,506 | 1,451 |
| Cash, cash equivalents, and restricted cash as of September 30 | $3,572 | $2,420 |
| Supplemental disclosure of cash flows information | ||
| Cash paid during the year for interest | $(339) | $(318) |
| Non-cash investing activities | ||
| Acquired but unpaid property, plant, and equipment | $72 | $80 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.