GE Vernova Inc. (GEV) FY2024 Annual P&L / Income Statement

GE Vernova Inc. (GEV) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Product and service (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues

34,935,000,000 US dollars

Cost of equipment and services

28,850,000,000 US dollars

Gross profit

6,085,000,000 US dollars

Operating expenses (calculated)

5,614,000,000 US dollars

Operating income (loss)

471,000,000 US dollars

Other income (expense), net (calculated)

2,027,000,000 US dollars

Income (loss) before income taxes

2,498,000,000 US dollars

Provision (benefit) for income taxes (Note 15)

939,000,000 US dollars

Net income (loss)

1,559,000,000 US dollars

Equipment

18,939,000,000 US dollars

Services

15,955,000,000 US dollars

Research and development expenses

982,000,000 US dollars

Selling, general, and administrative expenses

4,632,000,000 US dollars

Revenue before reconciliation (calculated)

34,894,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Other revenues and elimination of intersegment revenues

negative 442,000,000 US dollars. Reported reconciliation to consolidated revenue.

Intersegment

483,000,000 US dollars. Reported reconciliation to consolidated revenue.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
• Of which attributable to GE Vernova Inc.: $1.55 B; to noncontrolling interests: $7.00 M.