GE Q4 2023 Earnings Report — GE Aerospace Revenue & Financial Results | Market Cap Arena

Q4 2023 Earnings

Reported February 2, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2023	Q3 2023	Q4 2022	QoQ Change	YoY Change
Revenue	$19.4B	—	—	—	—
Op. Income	$1.2B	—	—	—	—
Gross Margin	25.9%	—	—	—	—
Net Margin	8.2%	—	—	—	—
EPS (Diluted)	$1.45	—	—	—	—
Free Cash Flow	$2.6B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$19.4B
Cost of Revenue	$14.4B
GROSS PROFIT	$5.0B
R&D Expenses	$551M
Selling & Marketing	-$6.7B
General & Administrative	$10.0B
SG&A Expenses	$3.3B
Other Expenses	$0
Operating Expenses	$3.8B
Cost & Expenses	$18.2B
OPERATING INCOME	$1.2B
Interest Income	$205M
Interest Expense	$296M
Other Income/Expenses	$814M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$421M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$2M
Other Adjustments	$1M
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$534M
EBIT	$2.3B
EBITDA	$2.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$19.4B
Cost of Revenue	$14.4B
GROSS PROFIT	$5.0B
R&D Expenses	$551M
Selling & Marketing	-$6.7B
General & Administrative	$10.0B
SG&A Expenses	$3.3B
Other Expenses	$0
Operating Expenses	$3.8B
Cost & Expenses	$18.2B
OPERATING INCOME	$1.2B
Interest Income	$205M
Interest Expense	$296M
Other Income/Expenses	$814M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$421M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$2M
Other Adjustments	$1M
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$534M
EBIT	$2.3B
EBITDA	$2.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$534M
Stock-Based Compensation	$360M
Deferred Income Tax	$421M
Other Non-Cash Items	-$1.4B
Change in Working Capital	$1.6B
OPERATING CASH FLOW	$3.1B
Capital Expenditure	-$530M
Acquisitions (Net)	$2.0B
Purchases of Investments	$254M
Sales/Maturities of Investments	-$254M
Other Investing Activities	$247M
NET CASH FROM INVESTING	$1.7B
Net Debt Issuance	-$132M
Common Stock Repurchased	-$288M
Common Dividends Paid	-$88M
Other Financing Activities	$113M
NET CASH FROM FINANCING	-$395M
FREE CASH FLOW	$2.6B
Net Change in Cash	$4.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$15.2B
Short-Term Investments	$5.7B
Net Receivables	$11.6B
Inventory	$8.3B
Other Current Assets	$1.8B
TOTAL CURRENT ASSETS	$42.6B
PP&E (Net)	$7.2B
Goodwill	$8.9B
Intangible Assets	$4.6B
Long-Term Investments	$38.0B
Tax Assets	$10.3B
Other Non-Current Assets	$64.4B
TOTAL NON-CURRENT ASSETS	$133.6B
TOTAL ASSETS	$176.1B
Account Payables	$6.8B
Short-Term Debt	$1.4B
Deferred Revenue	$420M
Other Current Liabilities	$18.9B
TOTAL CURRENT LIABILITIES	$32.1B
Long-Term Debt	$19.4B
Deferred Revenue NC	$975M
Deferred Tax Liabilities	$2.8B
Other Non-Current Liabilities	$91.3B
TOTAL NON-CURRENT LIABILITIES	$115.4B
TOTAL LIABILITIES	$147.5B
Common Stock	$15M
Additional Paid-In Capital	$0
Retained Earnings	$86.6B
Treasury Stock	-$80.0B
Accum. Other Comp. Income	$20.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$27.4B
Minority Interest	$1.2B
TOTAL EQUITY	$28.6B
TOTAL LIABILITIES & EQUITY	$176.1B
Total Debt	$21.8B
Net Debt	$6.6B