GE FY 2012 Earnings Report — GE Aerospace Revenue & Financial Results | Market Cap Arena

FY 2012 Earnings

Reported February 26, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$144.1B	—	$141.5B	—	1.9%
Op. Income	$29.4B	—	$69.3B	—	-57.6%
Gross Margin	48.4%	—	51.7%	—	-3.3pp
Net Margin	9.5%	—	10.0%	—	-0.5pp
EPS (Diluted)	$10.32	—	$9.93	—	3.9%
Free Cash Flow	$16.2B	—	$20.7B	—	-21.7%

Revenue Flow

Item	Amount
REVENUE	$144.1B
Cost of Revenue	$74.3B
GROSS PROFIT	$69.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$29.7B
SG&A Expenses	$29.7B
Other Expenses	$10.7B
Operating Expenses	$40.4B
Cost & Expenses	$114.7B
OPERATING INCOME	$29.4B
Interest Income	$196M
Interest Expense	$12.4B
Other Income/Expenses	-$12.0B
INCOME BEFORE TAX	$17.4B
Income Tax Expense	$2.5B
Net Income from Continuing Ops	$14.8B
Net Income from Discontinued Ops	-$983M
Other Adjustments	$0
NET INCOME	$13.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13.6B
D&A	$9.2B
EBIT	$29.8B
EBITDA	$39.0B
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$144.1B
Cost of Revenue	$74.3B
GROSS PROFIT	$69.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$29.7B
SG&A Expenses	$29.7B
Other Expenses	$10.7B
Operating Expenses	$40.4B
Cost & Expenses	$114.7B
OPERATING INCOME	$29.4B
Interest Income	$196M
Interest Expense	$12.4B
Other Income/Expenses	-$12.0B
INCOME BEFORE TAX	$17.4B
Income Tax Expense	$2.5B
Net Income from Continuing Ops	$14.8B
Net Income from Discontinued Ops	-$983M
Other Adjustments	$0
NET INCOME	$13.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13.6B
D&A	$9.2B
EBIT	$29.8B
EBITDA	$39.0B
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$13.6B
Depreciation & Amortization	$11.0B
Stock-Based Compensation	$299M
Deferred Income Tax	-$1.2B
Other Non-Cash Items	$7.1B
Change in Working Capital	$499M
OPERATING CASH FLOW	$31.3B
Capital Expenditure	-$15.1B
Acquisitions (Net)	$2.2B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$24.3B
NET CASH FROM INVESTING	$11.3B
Net Debt Issuance	-$40.7B
Common Stock Repurchased	-$4.2B
Common Dividends Paid	-$7.2B
Other Financing Activities	-$3.0B
NET CASH FROM FINANCING	-$51.1B
FREE CASH FLOW	$16.2B
Net Change in Cash	-$7.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$77.4B
Short-Term Investments	$0
Net Receivables	$287.5B
Inventory	$15.4B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$380.2B
PP&E (Net)	$69.7B
Goodwill	$73.4B
Intangible Assets	$12.0B
Long-Term Investments	$0
Tax Assets	$31.9B
Other Non-Current Assets	$149.9B
TOTAL NON-CURRENT ASSETS	$337.0B
TOTAL ASSETS	$717.3B
Account Payables	$15.7B
Short-Term Debt	$110.5B
Deferred Revenue	$0
Other Current Liabilities	$16.9B
TOTAL CURRENT LIABILITIES	$153.9B
Long-Term Debt	$303.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$31.9B
Other Non-Current Liabilities	$99.4B
TOTAL NON-CURRENT LIABILITIES	$434.9B
TOTAL LIABILITIES	$588.8B
Common Stock	$702M
Additional Paid-In Capital	$0
Retained Earnings	$144.1B
Treasury Stock	-$34.6B
Accum. Other Comp. Income	$12.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$123.0B
Minority Interest	$5.4B
TOTAL EQUITY	$128.5B
TOTAL LIABILITIES & EQUITY	$717.3B
Total Debt	$414.1B
Net Debt	$336.7B