$GE

GENERAL ELECTRIC CO

CIK:0000040545|SEC Filings

STATEMENT OF OPERATIONS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
STATEMENT OF OPERATIONS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues
Insurance revenue (Note 12)	$ 715	$ 872	$ 1,493	$ 1,806
Total revenue	13,349	11,023	25,741	20,957
Costs and expenses
Selling, general and administrative expenses	1,131	1,020	2,215	1,896
Separation costs	34	47	89	98
Research and development	460	359	900	718
Interest and other financial charges	215	158	444	368
Insurance losses, annuity benefits and other costs (Note 12)	524	698	1,148	1,400
Non-operating benefit cost (income)	(177)	(197)	(354)	(398)
Total costs and expenses	10,860	8,932	21,039	16,924
Other income (loss) (Note 18)	313	298	297	600
Income (loss) from continuing operations before income taxes	2,801	2,389	4,999	4,634
Benefit (provision) for income taxes (Note 15)	(407)	(388)	(658)	(671)
Net income (loss) from continuing operations	2,395	2,000	4,341	3,962
Income (loss) from discontinued operations, net of taxes (Note 2)	(38)	21	(65)	31
Net income (loss)	2,357	2,021	4,276	3,993
Less net income (loss) attributable to noncontrolling interests	(13)	(7)	3	(13)
Net income (loss) attributable to the Company	2,370	2,028	4,273	4,006
Net income (loss) attributable to common shareholders	$ 2,370	$ 2,028	$ 4,273	$ 4,006
Earnings (loss) per share from continuing operations (Note 17)
Diluted earnings (loss) per share (in dollars per share)	$ 2.30	$ 1.87	$ 4.13	$ 3.70
Basic earnings (loss) per share (in dollars per share)	2.31	1.89	4.16	3.73
Net earnings (loss) per share (Note 17)
Diluted earnings (loss) per share (in dollars per share)	2.26	1.89	4.07	3.73
Basic earnings (loss) per share (in dollars per share)	$ 2.28	$ 1.91	$ 4.10	$ 3.76
Equipment
Revenues
Sales	$ 3,602	$ 2,842	$ 6,870	$ 5,496
Costs and expenses
Cost of sales	3,817	2,754	7,099	5,090
Services
Revenues
Sales	9,031	7,308	17,378	13,656
Costs and expenses
Cost of sales	$ 4,856	$ 4,092	$ 9,497	$ 7,753

STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	6 Months Ended
STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025
Cash flows - operating activities
Net income (loss)	$ 4,276	$ 3,993
Net (income) loss from discontinued operations activities	65	(31)
Adjustments to reconcile net income (loss) to cash from (used for) operating activities:
Depreciation and amortization of property, plant and equipment (Note 6)	452	428
Amortization of intangible assets (Note 7)	173	182
(Gains) losses on equity securities (Note 18)	173	(109)
Principal pension plans (benefit) cost (Note 13)	(293)	(324)
Principal pension plans employer contributions	(97)	(95)
Other postretirement benefit plans (net)	(136)	(133)
Provision (benefit) for income taxes	658	671
Cash recovered (paid) during the year for income taxes	(141)	(253)
Changes in operating working capital:
Decrease (increase) in current receivables	(694)	(1,157)
Decrease (increase) in inventories, including deferred inventory costs	(643)	(1,394)
Decrease (increase) in current contract assets	32	(65)
Increase (decrease) in contract liabilities and current deferred income	(135)	384
Increase (decrease) in progress collections	281	269
Increase (decrease) in accounts payable	856	1,495
Increase (decrease) in sales discounts and allowances (Note 14)	956	447
All other operating activities	(658)	(417)
Cash from (used for) operating activities – continuing operations	5,126	3,891
Cash from (used for) operating activities – discontinued operations	(108)	(136)
Cash from (used for) operating activities	5,018	3,755
Cash flows - investing activities
Additions to property, plant and equipment and internal-use software	(666)	(535)
Dispositions of property, plant and equipment	58	25
Net cash from (payments for) principal businesses purchased	(1)	(354)
Net (purchases) dispositions of insurance investment securities	(7)	361
All other investing activities	(1,247)	(430)
Cash from (used for) investing activities – continuing operations	(1,863)	(934)
Cash from (used for) investing activities – discontinued operations	(110)	82
Cash from (used for) investing activities	(1,973)	(852)
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	(20)	25
Repayments and other debt reductions (maturities longer than 90 days)	(1,026)	(1,253)
Dividends paid to shareholders	(873)	(688)
Purchases of common stock for treasury	(4,527)	(3,710)
All other financing activities	54	136
Cash from (used for) financing activities – continuing operations	(6,392)	(5,490)
Cash from (used for) financing activities – discontinued operations	0	0
Cash from (used for) financing activities	(6,392)	(5,490)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	(68)	188
Increase (decrease) in cash, cash equivalents and restricted cash	(3,415)	(2,398)
Cash, cash equivalents and restricted cash at beginning of year	14,782	15,880
Cash, cash equivalents and restricted cash at June 30	11,367	13,482
Less cash, cash equivalents and restricted cash of discontinued operations at June 30	(854)	(1,429)
Cash, cash equivalents and restricted cash of continuing operations at June 30	$ 10,513	$ 12,052

STATEMENT OF FINANCIAL POSITION (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Statement of Financial Position [Abstract]
Cash, cash equivalents and restricted cash	$ 9,345	$ 12,392
Current receivables (Note 4)	12,360	11,773
Inventories, including deferred inventory costs (Note 5)	12,440	11,868
Current contract assets (Note 8)	3,473	3,511
All other current assets (Note 9)	2,078	1,052
Current assets	39,697	40,596
Investment securities (Note 3)	37,910	38,788
Property, plant and equipment – net (Note 6)	8,135	7,987
Goodwill (Note 7)	8,954	9,060
Other intangible assets – net (Note 7)	4,085	4,225
Contract and other deferred assets (Note 8)	4,976	4,920
All other assets (Note 9)	15,469	15,277
Deferred income taxes (Note 15)	6,929	7,459
Assets of discontinued operations (Note 2)	1,517	1,855
Total assets	127,672	130,169
Short-term borrowings (Note 10)	2,000	1,686
Accounts payable (Note 11)	10,822	10,078
Progress collections (Note 8)	7,937	7,662
Contract liabilities and deferred income (Note 8)	10,159	10,333
Sales discounts and allowances (Note 14)	4,993	4,037
All other current liabilities (Note 14)	4,518	5,185
Current liabilities	40,430	38,980
Deferred income (Note 8)	1,070	1,065
Long-term borrowings (Note 10)	17,157	18,808
Insurance liabilities and annuity benefits (Note 12)	36,195	36,894
Non-current compensation and benefits	6,537	6,833
All other liabilities (Note 14)	7,273	7,276
Liabilities of discontinued operations (Note 2)	1,144	1,413
Total liabilities	109,805	111,271
Common stock (1,037,562,513 and 1,048,766,702 shares outstanding at June 30, 2026 and December 31, 2025, respectively) (Note 16)	15	15
Accumulated other comprehensive income (loss) – net attributable to the Company (Note 16)	(4,948)	(4,798)
Other capital	23,074	23,599
Retained earnings	90,953	87,663
Less common stock held in treasury	(91,454)	(87,801)
Total shareholders’ equity	17,640	18,677
Noncontrolling interests	227	221
Total equity	17,867	18,898
Total liabilities and equity	$ 127,672	$ 130,169