Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 34

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 7
Chunk 34
---
pre-tax)(a)————(75)(0.07)Tax effect on Russia & Ukraine charges————160.01Less: Russia & Ukraine charges (net of tax)————(59)(0.05)Debt extinguishment costs (pre-tax)(a)————(465)(0.42)Tax effect on debt extinguishment costs————680.06Less: debt extinguishment costs (net of tax)————(397)(0.36)Less: Excise tax and accretion of preferred share redemption——(58)(0.05)4—Less: U.S. and foreign tax law change enactment————(5)—Adjusted earnings (loss) (Non-GAAP)$5,035$4.60$3,241$2.95$2,112$1.92Earnings (loss) from continuing operations before taxes (GAAP)$7,620$10,441$1,522Less: Total adjustments above (pre-tax)1,3385,869(1,397)Adjusted earnings before taxes (Non-GAAP)$6,282$4,572$2,919Provision (benefit) for income taxes (GAAP)$962$994$169Less: Tax effect on adjustments above(297)(99)(346)Adjusted provision (benefit) for income taxes (Non-GAAP)$1,260$1,093$515Effective income tax rate (GAAP)12.6%9.5%11.1%Adjusted effective income tax rate (Non-GAAP)20.1%23.9%17.6%(a) See the Corporate & Other and Other Consolidated Information sections for further information.(b) Includes tax benefits available to offset the tax on gains (losses) on equity securities.(c) Includes related tax valuation allowances.Earnings-per-share amounts are computed independently. As a result, the sum of per-share amounts may not equal the total.We believe that Adjusted earnings* and the Adjusted effective income tax rate* provide management and investors with useful measures to evaluate the performance of the total company and increased period-to-period comparability, as well as a more complete understanding of underlying operating results and trends of established, ongoing operations by excluding items that are not closely related with ongoing operations. We also use Adjusted EPS* as a performance metric at the company level for our performance stock units granted in 2024.

*Non-GAAP Financial Measure

2024 FORM 10-K 23

FREE CASH FLOW (FCF