Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 18

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 2
Chunk 18
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 historically where payments or performance from us were required under parent company guarantees relating to GE Vernova customer contracts. See Note 22 for additional details regarding guarantees.

NON-GAAP FINANCIAL MEASURES. We believe that presenting non-GAAP financial measures provides management and investors useful measures to evaluate performance and trends of the total company and its businesses. This includes adjustments in recent periods to GAAP financial measures to increase period-to-period comparability following actions to strengthen our overall financial position and how we manage our business. In addition, management recognizes that certain non-GAAP terms may be interpreted differently by other companies under different circumstances. In various sections of this report we have made reference to the following non-GAAP financial measures in describing our (1) revenue, specifically, Adjusted revenue, (2) profit, specifically, Operating profit and Operating profit margin; Adjusted net income (loss); Adjusted earnings (loss) per share (EPS) and Adjusted effective income tax rate, and (3) cash flows, specifically free cash flow (FCF). The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures follow.

ADJUSTED REVENUE, OPERATING PROFIT AND PROFIT MARGIN (NON-GAAP)Three months ended September 30Nine months ended September 302025202420252024Total revenue (GAAP)$12,181$9,842$33,138$27,890Less: Insurance revenue (Note 12)8758992,6812,649Adjusted revenue (Non-GAAP)$11,305$8,943$30,457$25,241Total costs and expenses (GAAP)$9,951$8,970$26,874$24,529Less: Insurance cost and expenses (Note 12)5147281,9672,108Less: U.S. tax equity cost and expenses55159Less: interest and other financial charges(a)225251593762Less: non-operating benefit cost (income)(198)(207)(596)(628)Less: restructuring & other(a)2237849525Less: goodwill impairments(a)—251—251Less: separation costs(a)5374150408Add: noncontrolling interests(3)(10)(16)(5)Adjusted costs (Non-GAAP)$9,328$7,481$24,681$21,089Other income (loss) (GAAP)$285$1,021$885$1,965Less: U.S