Company: GEHC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001932393-25-000014
Chunk: 31

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 31
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 the most directly comparable U.S. GAAP financial measures. Definitions of these non-GAAP financial measures, a discussion of why we believe they are useful to management and investors as well as certain of their limitations, and reconciliations to their most directly comparable U.S. GAAP financial measures are provided below under “Non-GAAP Financial Measures.”

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*Non-GAAP Financial Measure

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Table of Contents                 

RESULTS OF OPERATIONS

The following tables set forth our results of operations for each of the periods presented.

Condensed Consolidated Statements of Income (Unaudited)For the three months ended March 3120252024Sales of products$3,117$3,045Sales of services1,6601,605Total revenues4,7774,650Cost of products1,9631,967Cost of services802782Gross profit2,0121,902Selling, general, and administrative1,0401,038Research and development344324Total operating expenses1,3831,362Operating income629540Interest and other financial charges – net110122Non-operating benefit (income) costs(74)(102)Other (income) expense – net(99)8Income before income taxes692512Benefit (provision) for income taxes(104)(124)Net income588388Net (income) loss attributable to noncontrolling interests(24)(14)Net income attributable to GE HealthCare$564$374

TOTAL REVENUES.

Revenues by SegmentFor the three months ended March 3120252024 % change % organic* changeSegment revenuesImaging    $2,140$2,0624%5%AVS    1,2391,2271%3%PCS    7537471%2%PDx    6325996%8%Other(1)     1315Total revenues    $4,777$4,6503%4%

(1) Financial information not presented within the reportable segments, shown within the Other category, represents HealthCare Financial Services which does not meet the definition of an operating segment.

Revenues by RegionFor the three months ended March 3120252024 % changeUnited States and Canada (“USCAN”)    $2,237$2,0937%Europe, the Middle East, and Africa (“EMEA”)    1,1741,174—%China region    593597(1)%Rest of World