Company: GEHC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001932393-25-000014
Chunk: 86

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 86
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 conflict have had, or are reasonably likely to have, a material impact on the Company. 

SUMMARY OF KEY PERFORMANCE MEASURES

Management reviews and analyzes several key performance measures including Total revenues, Operating income, Net income attributable to GE HealthCare, Earnings per share, and Cash from (used for) operating activities. Management also reviews and analyzes Organic revenue*, Adjusted earnings before interest and taxes* (“Adjusted EBIT*”), Adjusted net income*, Adjusted tax expense*, Adjusted effective tax rate* (“Adjusted ETR*”), Adjusted earnings per share*, and Free cash flow*, which are non-GAAP financial measures. These measures are reviewed and analyzed in order to evaluate our business performance, identify trends affecting our business, allocate capital, and make strategic decisions, including those discussed below. See “Results of Operations” and “Liquidity and Capital Resources” below for further discussion on our key performance measures.

The non-GAAP financial measures should be considered along with 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