Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 17

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 2
Chunk 17
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 10-Q 11

ADJUSTED REVENUE, OPERATING PROFIT AND PROFIT MARGIN (NON-GAAP)Three months ended June 30Six months ended June 302025202420252024Total revenue (GAAP)$11,023$9,094$20,957$18,048Less: Insurance revenue (Note 12)8728711,8061,750Adjusted revenue (Non-GAAP)$10,151$8,223$19,151$16,298Total costs and expenses (GAAP)$8,932$7,584$16,924$15,558Less: Insurance cost and expenses (Note 12)7257011,4531,380Less: U.S. tax equity cost and expenses55105Less: interest and other financial charges(a)158248368511Less: non-operating benefit cost (income)(197)(204)(398)(421)Less: restructuring & other(a)267727147Less: separation costs(a)477598334Add: noncontrolling interests(7)2(13)4Adjusted costs (Non-GAAP)$8,161$6,684$15,353$13,608Other income (loss) (GAAP)$298$(63)$600$944Less: U.S. tax equity(53)(38)(94)(73)Less: gains (losses) on retained and sold ownership interests and other equity securities(a)3(393)9241Less: gains (losses) on purchases and sales of business interests(a)—10—20Adjusted other income (loss) (Non-GAAP)$347$359$685$756Profit (loss) (GAAP)$2,389$1,447$4,634$3,434Profit (loss) margin (GAAP)21.7%15.9%22.1%19.0%Operating profit (loss) (Non-GAAP)$2,337$1,897$4,483$3,447Operating profit (loss) margin (Non-GAAP)23.0%23.1%23.4%21.1%(a) See the Corporate & Other and Other Consolidated Information sections for further information.We believe that adjusting revenue provides management and investors with a more complete understanding of underlying operating results and trends of established, ongoing operations by excluding the effect of revenue from our run-off insurance operations. We believe that adjusting profit to exclude the effects of items that are not closely associated with ongoing operations provides