Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 42

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 7
Chunk 42
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. tax equity(48)(48)(142)(121)Less: gains (losses) on retained and sold ownership interests and other equity securities(a)835718598Less: gains (losses) on purchases and sales of business interests(a)33563375Adjusted other income (loss) (Non-GAAP)$322$356$1,007$1,112Profit (loss) (GAAP)$2,515$1,893$7,149$5,327Profit (loss) margin (GAAP)20.7%19.2%21.6%19.1%Operating profit (loss) (Non-GAAP)$2,299$1,818$6,783$5,265Operating profit (loss) margin (Non-GAAP)20.3%20.3%22.3%20.9%(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 management and investors with a meaningful measure that increases the period-to-period comparability. Gains (losses) and restructuring and other items are impacted by the timing and magnitude of gains associated with dispositions, and the timing and magnitude of costs associated with restructuring and other activities. We also use Adjusted revenue* and Operating profit* as performance metrics at the company level for our annual executive incentive plan for 2025.

*Non-GAAP Financial Measure

12 2025 3Q FORM 10-Q

ADJUSTED NET INCOME (LOSS) AND ADJUSTED EFFECTIVE INCOME TAX RATE (NON-GAAP)Three months ended September 30Nine months ended September 302025202420252024(Diluted, per-share amounts in dollars)IncomeEPSIncomeEPSIncomeEPSIncomeEPSNet income from continuing operations (GAAP) (Note 17)$2,170$2.04$1,705$1.56$6,143$5.73$4,766$4.34Insurance net income (loss) (pre-tax)3630.341720.167200.675430.49Tax effect on Insurance net income (loss)(c)(77)(0.07)(37)(0.03)(85)(0.08)(116)(0.