Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 273

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 8
Chunk 273
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STATEMENT OF EARNINGS (LOSS)For the years ended December 31 (In millions; per-share amounts in dollars)202420232022Sales of equipment$10,274 $9,318 $7,837 Sales of services24,847 22,641 18,345 Insurance revenue (Note 12)3,581 3,389 2,957 Total revenue38,702 35,348 29,139 Cost of equipment sold10,341 9,900 8,151 Cost of services sold13,967 13,039 10,836 Selling, general and administrative expenses4,437 4,045 3,672 Separation costs492 692 625 Research and development1,286 1,011 808 Interest and other financial charges986 1,029 1,339 Debt extinguishment costs— — 465 Insurance losses, annuity benefits and other costs (Note 12)2,429 2,886 2,592 Goodwill impairments (Note 7)251 — — Non-operating benefit cost (income)(842)(978)(60)Total costs and expenses33,346 31,625 28,428 Other income (loss) (Note 19)2,264 6,718 811 Earnings (loss) from continuing operations before income taxes7,620 10,441 1,522 Benefit (provision) for income taxes (Note 15)(962)(994)(169)Earnings (loss) from continuing operations6,657 9,448 1,353 Earnings (loss) from discontinued operations, net of taxes (Note 2)(91)(3)(949)Net earnings (loss)6,566 9,445 403 Less net earnings (loss) attributable to noncontrolling interests11 (37)67 Net earnings (loss) attributable to the Company6,556 9,482 336 Preferred stock dividends and other— (295)(289)Net earnings (loss) attributable to common shareholders$6,556 $9,188 $48 Amounts attributable to common shareholdersEarnings (loss) from continuing operations$6,657 $9,448 $1,353 Less net earnings (loss) attributable to noncontrolling interests,    continuing operations(13)(1)