GE HealthCare Technologies Inc
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 13, 2025
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
Consolidated and Combined Statements of Cash Flows
| Consolidated and Combined Statements of Cash Flows | |||
|---|---|---|---|
| For the years ended December 31 | |||
| (In millions) | 2024 | 2023 | 2022 |
| Net income | $2,050 | $1,614 | $1,967 |
| Less: Income (loss) from discontinued operations, net of taxes | — | (4) | 18 |
| Net income from continuing operations | $2,050 | $1,618 | $1,949 |
| Adjustments to reconcile Net income from continuing operations to Cash from (used for) operating activities – continuing operations | |||
| Depreciation of property, plant, and equipment | 268 | 248 | 228 |
| Amortization of intangible assets | 312 | 362 | 405 |
| Gain on fair value remeasurement of contingent consideration | (19) | (17) | (65) |
| Net periodic postretirement benefit plan (income) expense | (357) | (332) | 9 |
| Postretirement plan contributions | (332) | (357) | (18) |
| Share-based compensation | 125 | 114 | 67 |
| Provision for income taxes | 531 | 743 | 563 |
| Cash paid during the year for income taxes | (491) | (474) | (851) |
| Changes in operating assets and liabilities, excluding the effects of acquisitions: | |||
| Receivables | (178) | (185) | (231) |
| Due from related parties | 25 | 4 | 13 |
| Inventories | (81) | 111 | (402) |
| Contract and other deferred assets | 3 | 10 | (222) |
| Accounts payable | 126 | (13) | 481 |
| Due to related parties | (61) | (84) | (33) |
| Contract liabilities | 68 | 26 | 138 |
| Current compensation and benefits | 39 | 153 | (37) |
| All other operating activities – net | (74) | 174 | 140 |
| Cash from (used for) operating activities – continuing operations | 1,955 | 2,101 | 2,134 |
| Cash flows – investing activities | |||
| Additions to property, plant and equipment and internal-use software | (401) | (387) | (310) |
| Dispositions of property, plant, and equipment | — | 1 | 4 |
| Purchases of businesses, net of cash acquired | (313) | (147) | — |
| Purchases of investments | (40) | (48) | (59) |
| All other investing activities – net | (160) | 23 | (33) |
| Cash from (used for) investing activities – continuing operations | (914) | (558) | (398) |
| Cash flows – financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | — | (12) | 9 |
| Newly issued debt, net of debt issuance costs (maturities longer than 90 days) | 995 | 2,006 | 8,198 |
| Repayments and other reductions (maturities longer than 90 days) | (1,418) | (855) | (3) |
| Dividends paid to stockholders | (55) | (41) | — |
| Redemption of noncontrolling interests | — | (211) | — |
| Net transfers (to) from GE | — | (1,317) | (8,934) |
| Proceeds from stock issued under employee benefit plans | 33 | 34 | — |
| Taxes paid related to net share settlement of equity awards | (93) | (33) | — |
| All other financing activities – net | (34) | (49) | (92) |
| Cash from (used for) financing activities – continuing operations | (573) | (478) | (822) |
| Cash from (used for) operating activities – discontinued operations | (4) | — | (21) |
| Effect of foreign currency rate changes on cash, cash equivalents, and restricted cash | (77) | (10) | (3) |
| Increase (decrease) in cash, cash equivalents, and restricted cash | 387 | 1,055 | 890 |
| Cash, cash equivalents, and restricted cash at beginning of year | 2,506 | 1,451 | 561 |
| Cash, cash equivalents, and restricted cash at end of year | $2,893 | $2,506 | $1,451 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | $(550) | $(570) | $— |
| Non-cash investing activities | |||
| Acquired but unpaid property, plant, and equipment | $143 | $140 | $136 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.