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

- Company: GE Vernova Inc. (GEV)
- Period: 2024-01-01 to 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-06, accession number 0001996810-25-000011
- Page: https://plicit.ai/financials/gev/fy2024-annual-income-statement
- Chart image: https://plicit.ai/charts/gev-fy2024-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service (4 categories)

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.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/gev/fy2024-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/gev-fy2024-annual-revenue-by-geography-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Geography. 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
- **UNITED STATES**: 14,679,000,000 US dollars
- **Europe**: 8,325,000,000 US dollars
- **Asia**: 4,698,000,000 US dollars
- **Americas**: 3,038,000,000 US dollars
- **Middle East and Africa**: 4,194,000,000 US dollars
- **Undisclosed (calculated)**: 1,000,000 US dollars
- **Research and development expenses**: 982,000,000 US dollars
- **Selling, general, and administrative expenses**: 4,632,000,000 US dollars

### 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.
- Of which attributable to GE Vernova Inc.: $1.55 B; to noncontrolling interests: $7.00 M.

## Chart details: Revenue by Product and Service (2 categories)

- Page: https://plicit.ai/financials/gev/fy2024-annual-income-statement/revenue-by-product-and-service-2-categories
- Chart image: https://plicit.ai/charts/gev-fy2024-annual-revenue-by-product-and-service-2-categories-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Product and service (2 categories). Revenue and costs use their disclosed 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 revenue**: 18,952,000,000 US dollars
- **Services revenue**: 15,983,000,000 US dollars
- **Equipment cost of revenue**: 17,989,000,000 US dollars
- **Services cost of revenue**: 10,861,000,000 US dollars
- **Research and development expenses**: 982,000,000 US dollars
- **Selling, general, and administrative expenses**: 4,632,000,000 US dollars

### 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.
- Of which attributable to GE Vernova Inc.: $1.55 B; to noncontrolling interests: $7.00 M.