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 (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.