# GE Vernova Inc. (GEV) FY2024 Q3 P&L / Income Statement

- Company: GE Vernova Inc. (GEV)
- Period: 2024-07-01 to 2024-09-30
- Filing: Q3 FY2024 10-Q, filed 2024-10-23, accession number 0001996810-24-000083
- Page: https://plicit.ai/financials/gev/fy2024-q3-income-statement
- Chart image: https://plicit.ai/charts/gev-fy2024-q3-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2024-07-01 through 2024-09-30. View: Product and service. Revenue and costs use their disclosed categories.

- **Total revenues**: 8,913,000,000 US dollars
- **Cost of equipment and services**: 7,804,000,000 US dollars
- **Gross profit**: 1,109,000,000 US dollars
- **Operating expenses (calculated)**: 1,468,000,000 US dollars
- **Operating income (loss)**: negative 359,000,000 US dollars
- **Other income (expense), net (calculated)**: 237,000,000 US dollars
- **Income (loss) before income taxes**: negative 122,000,000 US dollars
- **Provision (benefit) for income taxes (Note 15)**: negative 23,000,000 US dollars
- **Net income (loss)**: negative 99,000,000 US dollars
- **Equipment revenue**: 5,290,000,000 US dollars
- **Services revenue**: 3,623,000,000 US dollars
- **Equipment cost of revenue**: 5,076,000,000 US dollars
- **Services cost of revenue**: 2,728,000,000 US dollars
- **Research and development expenses**: 243,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Selling, general, and administrative expenses**: 1,226,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.

### 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.: −$96.00 M; to noncontrolling interests: −$3.00 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/gev/fy2024-q3-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/gev-fy2024-q3-revenue-by-business-segment-sankey.png

Income statement for 2024-07-01 through 2024-09-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 8,913,000,000 US dollars
- **Cost of equipment and services**: 7,804,000,000 US dollars
- **Gross profit**: 1,109,000,000 US dollars
- **Operating expenses (calculated)**: 1,468,000,000 US dollars
- **Operating income (loss)**: negative 359,000,000 US dollars
- **Other income (expense), net (calculated)**: 237,000,000 US dollars
- **Income (loss) before income taxes**: negative 122,000,000 US dollars
- **Provision (benefit) for income taxes (Note 15)**: negative 23,000,000 US dollars
- **Net income (loss)**: negative 99,000,000 US dollars
- **Power**: 4,151,000,000 US dollars
- **Wind**: 2,880,000,000 US dollars
- **Electrification**: 1,876,000,000 US dollars
- **Research and development expenses**: 243,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Selling, general, and administrative expenses**: 1,226,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Revenue before reconciliation (calculated)**: 8,907,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Other**: 6,000,000 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.: −$96.00 M; to noncontrolling interests: −$3.00 M.