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

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

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.