Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 45

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 7
Chunk 45
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 stock units granted in 2025.

*Non-GAAP Financial Measure

2025 3Q FORM 10-Q 13

FREE CASH FLOW (FCF) (NON-GAAP)Nine months ended September 3020252024Cash flows from operating activities (CFOA) (GAAP)$6,447 $4,499 Add: gross additions to property, plant and equipment and internal-use software(842)(765)Add: dispositions of property, plant and equipment76 102 Less: separation cash expenditures(202)(716)Less: Corporate & Other restructuring cash expenditures(51)(123)Free cash flow (FCF) (Non-GAAP)$5,933 $4,674 We believe investors may find it useful to compare free cash flow* performance without the effects of separation cash expenditures and Corporate & Other restructuring cash expenditures (associated with the separation-related program announced in the fourth quarter of 2022). In addition, beginning in the third quarter of 2025, we now include dispositions of property, plant and equipment. We believe this measure will better allow management and investors to evaluate the capacity of our operations to generate free cash flow*. We also use FCF* as a performance metric at the company level for our annual executive incentive plan and performance stock units granted in 2025.

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 September 30, 2025, and (ii) no change in internal control over financial reporting occurred during the quarter ended September 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 6,616 thousand shares for $1,840 million during the three months ended September 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)202