Stock Analysis on Net
Stock Analysis on Net

GE Aerospace (NYSE:GE)

$24.99

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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GE Aerospace, consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Sales of equipment
Sales of services
Sales of equipment and services
Cost of equipment sold
Cost of services sold
Cost of equipment and services sold
Gross profit from sales
Insurance revenues
Selling, general and administrative expenses
Separation costs
Research and development
Operating earnings
Interest and other financial charges
Debt extinguishment costs
Insurance losses, annuity benefits and other costs
Goodwill impairments
Non-operating benefit income (cost)
Other income
Earnings (loss) from continuing operations before income taxes
(Provision) benefit for income taxes
Earnings (loss) from continuing operations
Earnings (loss) from discontinued operations, net of taxes
Net earnings (loss)
Net (earnings) loss attributable to noncontrolling interests
Net earnings (loss) attributable to the Company
Preferred stock dividends and other
Net earnings (loss) attributable to GE common shareholders

Based on: 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), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Sales of equipment and services Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. GE Aerospace sales of equipment and services increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Operating earnings The net result for the period of deducting operating expenses from operating revenues. GE Aerospace operating earnings decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
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 increased from 2021 to 2022 and from 2022 to 2023.
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 increased from 2021 to 2022 and from 2022 to 2023.