Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 245

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 1
Chunk 245
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 method income includes our share of the results of unconsolidated entities, gains (loss) from sales and impairments of investments, which is included in Other income and in Insurance revenue in our Statement of Earnings (Loss). See Notes 1, 9 and 19 for further information.Equity method investmentbalance (Note 9)Equity method income (loss) (Note 19)December 3120242023202420232022Commercial Engines & Services$1,610 $1,551 $301 $276 $139 Defense & Propulsion Technologies186 175 8 8 8 Corporate & Other(a)4,451 3,863 147 61 75 Total$6,247 $5,590 $456 $345 $223 (a) Equity method investments within Corporate & Other include investments held by run-off insurance operations of $2,933 million and $2,383 million and U.S. tax equity of $1,280 million and $1,227 million as of December 31, 2024 and 2023, respectively.Summarized financial information of these equity method investments is as follows.For the years ended December 3120242023(a)2022(a)Revenue$35,342 $41,403 $31,454 Gross profit (loss)1,229 4,093 107 Net income (loss)3,243 4,768 210 Net income (loss) attributable to the entity3,199 4,731 188 (a) Includes AerCap Gross profit (loss) of $3,096 million and $(447) million and Net income (loss) attributable to the entity of $2,525 million and $(1,132) million for the years ended December 31, 2023 and 2022, respectively. On November 16, 2023, we sold our remaining equity interest in AerCap and only the note remains outstanding.As of December 3120242023Current assets$19,688 $18,565 Total assets$54,116 $48,281 Current liabilities$17,437 $16,468 Total liabilities$23,868 $22,266 Noncontrolling interests$200 $176 

76 2024 FORM 10-K

NOTE 27. QUARTERLY INFORMATION (UNAUDITED)

First quarterSecond quarterThird quarterFourth quarter(Per