Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 47

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 4
Chunk 47
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CONTROLS AND PROCEDURES. Under the direction of our Chief Executive Officer and Chief Financial Officer, we evaluated our disclosure controls and procedures and internal control over financial reporting and concluded that (i) our disclosure controls and procedures were effective as of June 30, 2025, and (ii) no change in internal control over financial reporting occurred during the quarter ended June 30, 2025, that has materially affected, or is reasonably likely to materially affect, such internal control over financial reporting.

OTHER FINANCIAL DATA

PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS. On March 7, 2024, the Board of Directors authorized up to $15 billion of common share repurchases. We repurchased 7,143 thousand shares for $1,617 million during the three months ended June 30, 2025 under this authorization.

PeriodTotal number of shares purchasedAverage price paid per shareTotal number of shares purchased as part of our share repurchase authorizationsApproximate dollar value of shares that may yet be purchased under our $15 billion  share repurchase authorization(Shares in thousands)2025April1,456 $181.33 1,456 May6,062 229.06 5,687 June— — — Total7,518 $219.81 7,143 $6,544 

*Non-GAAP Financial Measure

14 2025 2Q FORM 10-Q 

STATEMENT OF OPERATIONS (UNAUDITED)Three Months Ended June 30Six months ended June 30(In millions; per-share amounts in dollars)2025202420252024Sales of equipment$2,842 $2,175 $5,496 $4,596 Sales of services7,308 6,047 13,656 11,702 Insurance revenue (Note 12)872 871 1,806 1,750 Total revenue11,023 9,094 20,957 18,048 Cost of equipment sold2,754 2,302 5,090 4,767 Cost of services sold4,092 3,273 7,753 6,554 Selling, general and administrative expenses1,020 924 1,896 1,950 Separation costs47 75 98 334 Research and development359 300 718 570