GE Aerospace operates in 3 segments: Aerospace; Renewable Energy; and Power.
Segment Profit Margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Aerospace | 19.25% | 18.33% | 13.52% | 5.58% | 20.75% |
Renewable Energy | -9.55% | -17.26% | -5.06% | -4.56% | -4.34% |
Power | 8.17% | 7.48% | 4.30% | 1.56% | 2.07% |
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).
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Aerospace | Aerospace segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Renewable Energy | Renewable Energy segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. | |
Power | Power segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Aerospace
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Segment profit (loss) | 6,115) | 4,775) | 2,882) | 1,229) | 6,820) |
Revenues | 31,770) | 26,050) | 21,310) | 22,042) | 32,875) |
Segment Profitability Ratio | |||||
Segment profit margin1 | 19.25% | 18.33% | 13.52% | 5.58% | 20.75% |
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).
1 2023 Calculation
Segment profit margin = 100 × Segment profit (loss) ÷ Revenues
= 100 × 6,115 ÷ 31,770 = 19.25%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Aerospace | Aerospace segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Renewable Energy
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Segment profit (loss) | (1,437) | (2,240) | (795) | (715) | (666) |
Revenues | 15,050) | 12,977) | 15,697) | 15,666) | 15,337) |
Segment Profitability Ratio | |||||
Segment profit margin1 | -9.55% | -17.26% | -5.06% | -4.56% | -4.34% |
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).
1 2023 Calculation
Segment profit margin = 100 × Segment profit (loss) ÷ Revenues
= 100 × -1,437 ÷ 15,050 = -9.55%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Renewable Energy | Renewable Energy segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment Profit Margin: Power
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Segment profit (loss) | 1,449) | 1,217) | 726) | 274) | 386) |
Revenues | 17,731) | 16,262) | 16,903) | 17,589) | 18,625) |
Segment Profitability Ratio | |||||
Segment profit margin1 | 8.17% | 7.48% | 4.30% | 1.56% | 2.07% |
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).
1 2023 Calculation
Segment profit margin = 100 × Segment profit (loss) ÷ Revenues
= 100 × 1,449 ÷ 17,731 = 8.17%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Power | Power segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Return on Assets (Segment ROA)
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Aerospace | 15.29% | 12.17% | 7.53% | 3.18% | 16.38% |
Renewable Energy | -9.02% | -14.25% | -5.37% | -4.49% | -4.18% |
Power | 6.23% | 5.49% | 3.08% | 1.12% | 1.44% |
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).
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | Aerospace | Aerospace segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Renewable Energy | Renewable Energy segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. | |
Power | Power segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Aerospace
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Segment profit (loss) | 6,115) | 4,775) | 2,882) | 1,229) | 6,820) |
Assets | 39,985) | 39,243) | 38,298) | 38,634) | 41,647) |
Segment Profitability Ratio | |||||
Segment ROA1 | 15.29% | 12.17% | 7.53% | 3.18% | 16.38% |
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).
1 2023 Calculation
Segment ROA = 100 × Segment profit (loss) ÷ Assets
= 100 × 6,115 ÷ 39,985 = 15.29%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | Aerospace | Aerospace segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Renewable Energy
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Segment profit (loss) | (1,437) | (2,240) | (795) | (715) | (666) |
Assets | 15,936) | 15,719) | 14,804) | 15,927) | 15,935) |
Segment Profitability Ratio | |||||
Segment ROA1 | -9.02% | -14.25% | -5.37% | -4.49% | -4.18% |
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).
1 2023 Calculation
Segment ROA = 100 × Segment profit (loss) ÷ Assets
= 100 × -1,437 ÷ 15,936 = -9.02%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | Renewable Energy | Renewable Energy segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment ROA: Power
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Segment profit (loss) | 1,449) | 1,217) | 726) | 274) | 386) |
Assets | 23,255) | 22,173) | 23,569) | 24,453) | 26,731) |
Segment Profitability Ratio | |||||
Segment ROA1 | 6.23% | 5.49% | 3.08% | 1.12% | 1.44% |
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).
1 2023 Calculation
Segment ROA = 100 × Segment profit (loss) ÷ Assets
= 100 × 1,449 ÷ 23,255 = 6.23%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | Power | Power segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Aerospace | 0.79 | 0.66 | 0.56 | 0.57 | 0.79 |
Renewable Energy | 0.94 | 0.83 | 1.06 | 0.98 | 0.96 |
Power | 0.76 | 0.73 | 0.72 | 0.72 | 0.70 |
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).
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | Aerospace | Aerospace segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Renewable Energy | Renewable Energy segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. | |
Power | Power segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Aerospace
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Revenues | 31,770) | 26,050) | 21,310) | 22,042) | 32,875) |
Assets | 39,985) | 39,243) | 38,298) | 38,634) | 41,647) |
Segment Activity Ratio | |||||
Segment asset turnover1 | 0.79 | 0.66 | 0.56 | 0.57 | 0.79 |
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).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Assets
= 31,770 ÷ 39,985 = 0.79
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | Aerospace | Aerospace segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Renewable Energy
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Revenues | 15,050) | 12,977) | 15,697) | 15,666) | 15,337) |
Assets | 15,936) | 15,719) | 14,804) | 15,927) | 15,935) |
Segment Activity Ratio | |||||
Segment asset turnover1 | 0.94 | 0.83 | 1.06 | 0.98 | 0.96 |
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).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Assets
= 15,050 ÷ 15,936 = 0.94
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | Renewable Energy | Renewable Energy segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment Asset Turnover: Power
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Revenues | 17,731) | 16,262) | 16,903) | 17,589) | 18,625) |
Assets | 23,255) | 22,173) | 23,569) | 24,453) | 26,731) |
Segment Activity Ratio | |||||
Segment asset turnover1 | 0.76 | 0.73 | 0.72 | 0.72 | 0.70 |
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).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Assets
= 17,731 ÷ 23,255 = 0.76
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | Power | Power segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Aerospace | 0.67 | 0.52 | 0.41 | 0.65 | 0.90 |
Renewable Energy | 1.00 | 0.67 | 0.81 | 0.73 | 1.07 |
Power | 0.73 | 0.42 | 0.27 | 0.33 | 0.31 |
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).
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | Aerospace | Aerospace segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Renewable Energy | Renewable Energy segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. | |
Power | Power segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Aerospace
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Property, plant and equipment additions | 734) | 543) | 445) | 737) | 1,031) |
Depreciation and amortization | 1,089) | 1,037) | 1,074) | 1,142) | 1,150) |
Segment Financial Ratio | |||||
Segment capital expenditures to depreciation1 | 0.67 | 0.52 | 0.41 | 0.65 | 0.90 |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Property, plant and equipment additions ÷ Depreciation and amortization
= 734 ÷ 1,089 = 0.67
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | Aerospace | Aerospace segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Renewable Energy
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Property, plant and equipment additions | 389) | 275) | 349) | 302) | 455) |
Depreciation and amortization | 388) | 412) | 432) | 413) | 425) |
Segment Financial Ratio | |||||
Segment capital expenditures to depreciation1 | 1.00 | 0.67 | 0.81 | 0.73 | 1.07 |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Property, plant and equipment additions ÷ Depreciation and amortization
= 389 ÷ 388 = 1.00
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | Renewable Energy | Renewable Energy segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Capital Expenditures to Depreciation: Power
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Property, plant and equipment additions | 348) | 210) | 189) | 245) | 277) |
Depreciation and amortization | 478) | 506) | 692) | 749) | 880) |
Segment Financial Ratio | |||||
Segment capital expenditures to depreciation1 | 0.73 | 0.42 | 0.27 | 0.33 | 0.31 |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Property, plant and equipment additions ÷ Depreciation and amortization
= 348 ÷ 478 = 0.73
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | Power | Power segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Revenues
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Aerospace | 31,770) | 26,050) | 21,310) | 22,042) | 32,875) |
Renewable Energy | 15,050) | 12,977) | 15,697) | 15,666) | 15,337) |
Power | 17,731) | 16,262) | 16,903) | 17,589) | 18,625) |
HealthCare | —) | 18,461) | 17,725) | 18,009) | 19,942) |
Capital | —) | —) | —) | 7,245) | 8,741) |
Corporate | 3,403) | 2,805) | 2,561) | (932) | (306) |
Total | 67,954) | 76,555) | 74,196) | 79,619) | 95,214) |
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).
Segment profit (loss)
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Aerospace | 6,115) | 4,775) | 2,882) | 1,229) | 6,820) |
Renewable Energy | (1,437) | (2,240) | (795) | (715) | (666) |
Power | 1,449) | 1,217) | 726) | 274) | 386) |
HealthCare | —) | 2,705) | 2,966) | 3,060) | 3,896) |
Capital | —) | —) | —) | (1,710) | (530) |
Total | 6,127) | 6,457) | 5,779) | 2,138) | 9,906) |
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).
Assets
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Aerospace | 39,985) | 39,243) | 38,298) | 38,634) | 41,647) |
Renewable Energy | 15,936) | 15,719) | 14,804) | 15,927) | 15,935) |
Power | 23,255) | 22,173) | 23,569) | 24,453) | 26,731) |
HealthCare | —) | 26,070) | 24,770) | 22,229) | 30,514) |
Capital | —) | —) | —) | 113,526) | 117,546) |
Corporate | 82,175) | 81,691) | 94,256) | 35,151) | 29,566) |
Total | 161,351) | 184,896) | 195,697) | 249,920) | 261,939) |
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).
Property, plant and equipment additions
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Aerospace | 734) | 543) | 445) | 737) | 1,031) |
Renewable Energy | 389) | 275) | 349) | 302) | 455) |
Power | 348) | 210) | 189) | 245) | 277) |
HealthCare | —) | 310) | 278) | 256) | 395) |
Capital | —) | —) | —) | 1,765) | 3,830) |
Corporate | 22) | 33) | 25) | (53) | (175) |
Total | 1,493) | 1,371) | 1,286) | 3,252) | 5,813) |
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).
Depreciation and amortization
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
---|---|---|---|---|---|
Aerospace | 1,089) | 1,037) | 1,074) | 1,142) | 1,150) |
Renewable Energy | 388) | 412) | 432) | 413) | 425) |
Power | 478) | 506) | 692) | 749) | 880) |
HealthCare | —) | 640) | 641) | 628) | 702) |
Capital | —) | —) | —) | 2,590) | 2,083) |
Corporate | 125) | 948) | 170) | 496) | 355) |
Total | 2,080) | 3,543) | 3,009) | 6,018) | 5,595) |
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).