Stock Analysis on Net
Stock Analysis on Net

GE Aerospace (NYSE:GE)

Common-Size Income Statement 

GE Aerospace, common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Sales of equipment 29.25 41.50 43.44 48.11 67.74
Sales of services 70.75 58.50 56.56 51.89 32.26
Sales of equipment and services 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of equipment sold -29.44 -42.88 -41.34 -44.17 -57.57
Cost of services sold -39.77 -35.17 -34.11 -31.65 -25.17
Cost of equipment and services sold -69.21% -78.05% -75.45% -75.81% -82.74%
Gross profit from sales 30.79% 21.95% 24.55% 24.19% 17.26%
Insurance revenues 10.20 5.25 4.01 4.37 9.03
Selling, general and administrative expenses -12.63 -14.24 -17.37 -16.47 -17.28
Separation costs -1.40 -1.51 -1.32 0.00 0.00
Research and development -3.66 -2.95 -3.82 -3.51 -3.51
Operating earnings 23.29% 8.49% 6.05% 8.58% 5.49%
Interest and other financial charges -2.81 -1.73 -2.18 -2.64 -4.48
Debt extinguishment costs 0.00 0.00 -0.63 -9.18 0.00
Insurance losses, annuity benefits and other costs -6.92 -4.47 -3.71 -3.40 -3.81
Goodwill impairments -0.71 0.00 0.00 0.00 -2.35
Non-operating benefit income (cost) 2.40 2.45 0.72 -2.51 -3.33
Other income 6.45 11.04 1.67 3.97 15.59
Earnings (loss) from continuing operations before income taxes 21.70% 15.78% 1.92% -5.18% 7.12%
(Provision) benefit for income taxes -2.74 -1.80 -0.65 0.40 0.65
Earnings (loss) from continuing operations 18.95% 13.98% 1.27% -4.78% 7.77%
Earnings (loss) from discontinued operations, net of taxes -0.26 0.64 -0.87 -4.49 -0.17
Net earnings (loss) 18.70% 14.63% 0.40% -9.27% 7.59%
Net (earnings) loss attributable to noncontrolling interests -0.03 0.06 -0.09 0.10 0.22
Net earnings (loss) attributable to the Company 18.67% 14.68% 0.31% -9.17% 7.81%
Preferred stock dividends and other 0.00 -0.46 -0.39 -0.33 -0.65
Net earnings (loss) attributable to common shareholders 18.67% 14.23% -0.09% -9.50% 7.16%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Operating earnings The net result for the period of deducting operating expenses from operating revenues. GE Aerospace operating earnings as a percentage of sales of equipment and services increased from 2022 to 2023 and from 2023 to 2024.
Earnings (loss) from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. GE Aerospace earnings (loss) from continuing operations before income taxes as a percentage of sales of equipment and services increased from 2022 to 2023 and from 2023 to 2024.
Net earnings (loss) attributable to the Company The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. GE Aerospace net earnings (loss) attributable to the Company as a percentage of sales of equipment and services increased from 2022 to 2023 and from 2023 to 2024.