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

- Company: GE Vernova Inc. (GEV)
- Period: 2024-01-01 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-ytd-q3-income-statement
- Chart image: https://plicit.ai/charts/gev-fy2024-ytd-q3-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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

- **Total revenues**: 24,376,000,000 US dollars
- **Cost of equipment and services**: 20,415,000,000 US dollars
- **Gross profit**: 3,962,000,000 US dollars
- **Operating expenses (calculated)**: 4,084,000,000 US dollars
- **Operating income (loss)**: negative 122,000,000 US dollars
- **Other income (expense), net (calculated)**: 1,507,000,000 US dollars
- **Income (loss) before income taxes**: 1,385,000,000 US dollars
- **Provision (benefit) for income taxes (Note 15)**: 310,000,000 US dollars
- **Net income (loss)**: 1,075,000,000 US dollars
- **Equipment revenue**: 13,101,000,000 US dollars
- **Services revenue**: 11,276,000,000 US dollars
- **Equipment cost of revenue**: 12,621,000,000 US dollars
- **Services cost of revenue**: 7,794,000,000 US dollars
- **Research and development expenses**: 717,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Selling, general, and administrative expenses**: 3,366,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Revenue before reconciliation (calculated)**: 24,377,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Components above reported revenue (calculated)**: negative 1,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item.

### 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.: $1.07 B; to noncontrolling interests: $7.00 M.
- The amounts that make up gross profit come to $3,961.00 M and gross profit is $3,962.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Business Segment

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

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

- **Total revenues**: 24,376,000,000 US dollars
- **Cost of equipment and services**: 20,415,000,000 US dollars
- **Gross profit**: 3,962,000,000 US dollars
- **Operating expenses (calculated)**: 4,084,000,000 US dollars
- **Operating income (loss)**: negative 122,000,000 US dollars
- **Other income (expense), net (calculated)**: 1,507,000,000 US dollars
- **Income (loss) before income taxes**: 1,385,000,000 US dollars
- **Provision (benefit) for income taxes (Note 15)**: 310,000,000 US dollars
- **Net income (loss)**: 1,075,000,000 US dollars
- **Power**: 12,571,000,000 US dollars
- **Wind**: 6,566,000,000 US dollars
- **Electrification**: 5,203,000,000 US dollars
- **Rounding (calculated)**: 1,000,000 US dollars
- **Research and development expenses**: 717,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Selling, general, and administrative expenses**: 3,366,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Revenue before reconciliation (calculated)**: 24,341,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Other**: 35,000,000 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.: $1.07 B; to noncontrolling interests: $7.00 M.
- The amounts that make up gross profit come to $3,961.00 M and gross profit is $3,962.00 M; the $1.00 M difference is within the rounding of the filed amounts.