Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 18

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 2
Chunk 18
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 management and investors with a meaningful measure that increases the period-to-period comparability. Gains (losses) and restructuring and other items are impacted by the timing and magnitude of gains associated with dispositions, and the timing and magnitude of costs associated with restructuring and other activities. We also use Adjusted revenue* and Operating profit* as performance metrics at the company level for our annual executive incentive plan for 2025.

*Non-GAAP Financial Measure

12 2025 2Q FORM 10-Q 

ADJUSTED NET INCOME (LOSS) AND ADJUSTED EFFECTIVE INCOME TAX RATE (NON-GAAP)Three months ended June 30Six months ended June 302025202420252024(Diluted, per-share amounts in dollars)IncomeEPSIncomeEPSIncomeEPSIncomeEPSNet income from continuing operations (GAAP) (Note 17)$2,007$1.87$1,320$1.20$3,975$3.70$3,061$2.78Insurance net income (loss) (pre-tax)1490.141710.163560.333710.34Tax effect on Insurance net income (loss)(c)(32)(0.03)(36)(0.03)(8)(0.01)(79)(0.07)Less: Insurance net income (loss) (net of tax) (Note 12)1180.111340.123480.322920.27U.S. tax equity net income (loss) (pre-tax)(66)(0.06)(52)(0.05)(120)(0.11)(95)(0.09)Tax effect on U.S. tax equity net income (loss)770.07610.061410.131190.11Less: U.S. tax equity net income (loss) (net of tax)120.0190.01200.02240.02Non-operating benefit (cost) income (pre-tax) (GAAP)1970.182040.193980.374210.38Tax effect on non-operating benefit (cost) income(41)(0.04)(43)(0.04)(84)(0.08)(88)(0.08)Less: Non-operating benefit (cost) income (net of tax)1560.151610.153150.293330.30Gains (losses) on purchases and sales of business interests (pre-tax)(a)——100.01——200.02Tax effect on gains