Company: GEHC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001932393-25-000005
Chunk: 83

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 83
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 with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ Deloitte & Touche LLPChicago, IllinoisFebruary 13, 2025

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Consolidated and Combined Statements of IncomeFor the years ended December 31(In millions, except per share amounts)202420232022Sales of products$13,075 $13,127 $12,044 Sales of services6,597 6,425 6,297 Total revenues19,672 19,552 18,341 Cost of products8,271 8,465 7,975 Cost of services3,196 3,165 3,187 Gross profit8,205 7,922 7,179 Selling, general, and administrative4,269 4,282 3,631 Research and development1,311 1,205 1,026 Total operating expenses5,580 5,487 4,657 Operating income2,625 2,435 2,522 Interest and other financial charges – net504 542 77 Non-operating benefit (income) costs(406)(382)(5)Other (income) expense – net(55)(86)(62)Income from continuing operations before income taxes2,581 2,361 2,512 Benefit (provision) for income taxes(531)(743)(563)Net income from continuing operations2,050 1,618 1,949 Income (loss) from discontinued operations, net of taxes— (4)18 Net income2,050 1,614 1,967 Net (income) loss attributable to noncontrolling interests(57)(46)(51)Net income attributable to GE HealthCare1,993 1,568 1,916 Deemed preferred stock dividend of redeemable noncontrolling interest— (183)—