General Electric Full-Year Report 2023

GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, “2024 will be a momentous year as GE Aerospace and GE Vernova plan to launch as independent public companies in early April. Both companies will carry forward GE’s commitment to innovation and continuous improvement, with even sharper focus on their vital, growing industries.

Highlights

• Total orders of $79.2B, +25%; organic orders +25%
• Total revenues (GAAP) of $68.0B, +17%; adjusted revenues* $64.6B, +17% organically
• Profit margin (GAAP) of 15.0%, +1,640 bps; adjusted profit margin* 8.8%, +310 bps organically
• Continuing EPS (GAAP) of $7.98, +$8.98; adjusted EPS* $2.81, +$2.04
• Cash from Operating Activities (GAAP) of $5.6B, +$1.5B; free cash flow* $5.2B, +$2.1B