Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 74

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 8
Chunk 74
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*Non-GAAP Financial Measure

2025 1Q FORM 10-Q 13

STATEMENT OF OPERATIONS (UNAUDITED)Three Months Ended March 31(In millions; per-share amounts in dollars)20252024Sales of equipment$2,653 $2,421 Sales of services6,347 5,655 Insurance revenue (Note 12)934 879 Total revenue9,935 8,955 Cost of equipment sold2,335 2,465 Cost of services sold3,660 3,281 Selling, general and administrative expenses876 1,026 Separation costs51 259 Research and development359 270 Interest and other financial charges210 263 Insurance losses, annuity benefits and other costs (Note 12)701 627 Non-operating benefit cost (income)(201)(217)Total costs and expenses7,992 7,974 Other income (loss) (Note 18)302 1,007 Net income (loss) from continuing operations before income taxes2,245 1,987 Benefit (provision) for income taxes (Note 15)(283)(244)Net income (loss) from continuing operations1,962 1,744 Net income (loss) from discontinued operations, net of taxes (Note 2)10 (178)Net income (loss)1,972 1,565 Less net income (loss) attributable to noncontrolling interests(5)27 Net income (loss) attributable to the Company1,978 1,539 Net income (loss) attributable to common shareholders$1,978 $1,539 Earnings (loss) per share from continuing operations (Note 17)Diluted earnings (loss) per share$1.83 $1.58 Basic earnings (loss) per share$1.84 $1.59 Net earnings (loss) per share (Note 17)Diluted earnings (loss) per share$1.83 $1.40 Basic earnings (loss) per share$1.85 $1.41 

14 2025 1Q FORM 10-Q

STATEMENT OF FINANCIAL POSITION (UNAUDITED)(In millions, except share amounts)March 31, 2025December 31, 2024Cash, cash equivalents and restricted cash$12,405 $13,619