GE Vernova Inc. (GEV)

GE Vernova Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	34,422	33,239	29,654	33,006
Revenue Growth (YoY)	16.08%	12.09%	-10.16%	-
Cost of Revenue	28,451	28,274	26,004	27,692
Gross Profit	5,971	4,965	3,650	5,314
Selling, General & Admin	4,757	4,501	4,414	4,684
Research & Development	972	896	979	1,008
Operating Expenses	5,729	5,397	5,393	5,692
Operating Income	242	-432	-1,743	-378
Interest Expense	-	-60	-54	-63
Interest & Investment Income	66	63	42	71
Earnings From Equity Investments	46	-64	60	-179
Other Non Operating Income (Expenses)	554	548	337	314
EBT Excluding Unusual Items	908	55	-1,358	-235
Merger & Restructuring Charges	-544	-443	-314	-506
Gain (Loss) on Sale of Investments	-114	90	-	-
Gain (Loss) on Sale of Assets	1,069	216	22	-123
Asset Writedown	-	-	-824	-
Other Unusual Items	88	-48	-	-
Pretax Income	1,713	-130	-2,474	-864
Income Tax Expense	432	344	248	-140
Earnings From Continuing Operations	1,281	-474	-2,722	-724
Minority Interest in Earnings	-16	36	-14	91
Net Income	1,265	-438	-2,736	-633
Net Income to Common	1,265	-438	-2,736	-633
Free Cash Flow	2,780	442	-627	-2,237
Gross Margin	17.35%	14.94%	12.31%	16.10%
Operating Margin	0.70%	-1.30%	-5.88%	-1.15%
Profit Margin	3.67%	-1.32%	-9.23%	-1.92%
Free Cash Flow Margin	8.08%	1.33%	-2.11%	-6.78%
EBITDA	1,397	532	-770	798
EBITDA Margin	4.06%	1.60%	-2.60%	2.42%
D&A For EBITDA	1,155	964	973	1,176
EBIT	242	-432	-1,743	-378
EBIT Margin	0.70%	-1.30%	-5.88%	-1.15%
Revenue as Reported	34,421	33,239	29,654	33,006

Source: S&P Capital IQ. Standard template. Financial Sources.