Cash flow GE Vernova Inc.

Equities

GEV

US36828A1016

Electric Utilities

Market Closed - Nyse Other stock markets 04:00:02 2026-01-22 pm EST			After hours 06:41:07 pm
661.67 ^USD	-0.93%		662.00	+0.05%

Jan. 21	Susquehanna Adjusts Price Target on GE Vernova to $800 From $775, Maintains Positive Rating	MT
Jan. 21	GE Vernova Power Segment CEO Mavi Zingoni Resigns	DJ

e6f6cc44517e003eecb.8ke7oxwOst6inDMATasNmGUYRHSes5Jv3kNYVl0fqV8.tCDVl0Zs3KmR22pDFPxrz1JLfR3HyqEZ6i8HLxJ2w2-1A9GTZkTDqdbSag

Published financial data: GE VERNOVA INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024
Revenues	33.01B	29.65B	33.24B	34.94B
Total Revenues	33.01B	29.65B	33.24B	34.94B
Cost of Goods Sold, Total	28.06B	26.2B	28.27B	28.59B
Gross Profit	4.94B	3.46B	4.96B	6.34B
Selling General & Admin Expenses, Total	4.82B	4.54B	4.5B	4.21B
R&D Expenses	1.01B	979M	896M	982M
Other Operating Expenses, Total	5.83B	5.52B	5.4B	5.19B
Operating Income	-884M	-2.06B	-432M	1.15B
Interest Expense, Total	-63M	-54M	-60M	-10M
Interest And Investment Income	71M	42M	63M	66M
Net Interest Expenses	8M	-12M	3M	56M
Income (Loss) On Equity Invest.	-179M	60M	-64M	53M
Other Non Operating Income (Expenses)	314M	337M	548M	205M
EBT, Excl. Unusual Items	-741M	-1.67B	55M	1.47B
Restructuring Charges	-	-	-443M	-421M
Gain (Loss) On Sale Of Investments	-	-	90M	183M
Gain (Loss) On Sale Of Assets	-123M	22M	216M	964M
Asset Writedown	-	-824M	-	-
Legal Settlements	-	-	-	306M
Other Unusual Items	-	-	-48M	-
EBT, Incl. Unusual Items	-864M	-2.47B	-130M	2.5B
Income Tax Expense	-140M	248M	344M	939M
Earnings From Continuing Operations	-724M	-2.72B	-474M	1.56B
Net Income to Company	-724M	-2.72B	-474M	1.56B
Minority Interest	91M	-14M	36M	-7M
Net Income - (IS)	-633M	-2.74B	-438M	1.55B
Net Income to Common Incl Extra Items	-633M	-2.74B	-438M	1.55B
Net Income to Common Excl. Extra Items	-633M	-2.74B	-438M	1.55B
Per Share Items
Net EPS - Basic	-	-	-	5.64
Basic EPS - Continuing Operations	-	-	-	5.64
Basic Weighted Average Shares Outstanding	-	-	-	275M
Net EPS - Diluted	-	-	-	5.58
Diluted EPS - Continuing Operations	-	-	-	5.58
Diluted Weighted Average Shares Outstanding	-	-	-	278M
Normalized Basic EPS	-	-	-	3.31
Normalized Diluted EPS	-	-	-	3.27
Dividend Per Share	-	-	-	0.25
American Depositary Receipts Ratio (ADR)	0.05	0.05	0.05	0.05
Supplemental Items
EBITDA	292M	-260M	532M	2.22B
EBITA	-475M	-1.04B	-192M	1.43B
EBIT	-884M	-2.06B	-432M	1.15B
EBITDAR	647M	80M	849M	2.48B
Total Revenues (As Reported)	33.01B	29.65B	33.24B	34.94B
Effective Tax Rate - (Ratio)	16.2	-10.02	-264.62	37.59
Current Domestic Taxes	-	-2M	-184M	327M
Current Foreign Taxes	-12M	426M	500M	636M
Total Current Taxes	-12M	424M	316M	963M
Deferred Domestic Taxes	-	-	-	-11M
Deferred Foreign Taxes	-128M	-176M	28M	-13M
Total Deferred Taxes	-128M	-176M	28M	-24M
Normalized Net Income	-372M	-1.06B	70.38M	909M
Non-Cash Pension Expense	-157M	-192M	-510M	-453M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.01B	979M	896M	982M
Net Rental Expense, Total	355M	340M	317M	265M
Imputed Operating Lease Interest Expense	-	-	129M	18.88M
Imputed Operating Lease Depreciation	-	-	188M	246M
Stock-Based Comp., Other (Total)	-	-	-	155M
Total Stock-Based Compensation	-	-	-	155M

Fiscal Period: December	2021	2022	2023	2024
Assets
Cash And Equivalents	-	2.07B	1.55B	7.77B
Total Cash And Short Term Investments	-	2.07B	1.55B	7.77B
Accounts Receivable, Total	-	13.18B	13.78B	14.47B
Other Receivables	-	1.17B	1.27B	818M
Total Receivables	-	14.36B	15.04B	15.28B
Inventory	-	7.89B	8.25B	8.59B
Prepaid Expenses	-	71M	130M	298M
Restricted Cash	-	-	-	438M
Other Current Assets, Total	-	1.51B	2.45B	1.78B
Total Current Assets	-	25.9B	27.43B	34.15B
Gross Property Plant And Equipment	-	12.28B	12.58B	12.88B
Accumulated Depreciation	-	-7.17B	-7.35B	-7.73B
Net Property Plant And Equipment	-	5.1B	5.23B	5.15B
Long-term Investments	-	3.68B	3.56B	2.15B
Goodwill	-	4.16B	4.44B	4.26B
Other Intangibles, Total	-	1.17B	1.04B	813M
Accounts Receivable Long-Term	-	744M	621M	695M
Deferred Tax Assets Long-Term	-	1.6B	1.58B	1.64B
Other Long-Term Assets, Total	-	2.1B	2.23B	2.62B
Total Assets	-	44.47B	46.12B	51.48B
Liabilities
Accounts Payable, Total	-	6.76B	6.34B	4.96B
Accrued Expenses, Total	-	1.67B	2.08B	2.2B
Short-term Borrowings	-	121M	145M	60M
Current Portion of Leases	-	175M	220M	181M
Current Income Taxes Payable	-	75M	123M	80M
Unearned Revenue Current, Total	-	11.84B	15.07B	17.59B
Other Current Liabilities	-	5.4B	5.32B	6.61B
Total Current Liabilities	-	26.04B	29.31B	31.68B
Long-Term Debt	-	-	10M	10M
Long-Term Leases	-	848M	809M	810M
Unearned Revenue Non Current	-	296M	173M	157M
Deferred Tax Liability Non Current	-	449M	382M	827M
Other Non Current Liabilities	-	5.23B	7.06B	7.4B
Total Liabilities	-	32.86B	37.74B	40.89B
Common Stock, Total	-	12.11B	8.05B	3M
Additional Paid In Capital	-	-	-	9.73B
Retained Earnings	-	-	-	1.61B
Treasury Stock	-	-	-	-43M
Comprehensive Income and Other	-	-1.46B	-635M	-1.76B
Total Common Equity	-	10.65B	7.42B	9.55B
Minority Interest	-	957M	964M	1.05B
Total Equity	-	11.61B	8.38B	10.59B
Total Liabilities And Equity	-	44.47B	46.12B	51.48B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	-	276M
ECS Total Common Shares Outstanding	-	-	-	276M
Book Value / Share	-	-	-	34.6
Tangible Book Value	-	5.31B	1.94B	4.47B
Tangible Book Value Per Share	-	-	-	16.2
Total Debt	-	1.14B	1.18B	1.06B
Net Debt	-	-923M	-367M	-6.71B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-49M	1.15B	946M
Debt Equivalent Oper. Leases	2.84B	2.72B	2.54B	2.12B
Minority Interest, Total (Incl. Fin. Div)	-	957M	964M	1.05B
Equity Method Investments, Total	-	3.68B	3.56B	2.15B
Account Code - Inventory Valuation	-	5	5	5
Inventories - Raw Materials, Total	-	3.96B	4.68B	5.33B
Inventories - Finished Goods, Total	-	2.79B	2.51B	2.49B
Inventories - Others	-	1.15B	1.05B	769M
Land - (BS)	-	344M	352M	337M
Buildings, Total	-	3.13B	3.28B	3.17B
Machinery, Total	-	7.59B	7.76B	7.94B
Full Time Employees	-	80K	80K	76.8K
Accumulated Allowance for Doubtful Accounts (Supple)	-	674M	515M	464M

Fiscal Period: December	2021	2022	2023	2024
Net Income	-633M	-2.74B	-438M	1.55B
Depreciation & Amortization - CF	767M	779M	724M	787M
Amortization of Goodwill and Intangible Assets - (CF)	409M	1.02B	240M	277M
Depreciation & Amortization, Total	1.18B	1.8B	964M	1.06B
(Gain) Loss From Sale Of Asset	-	-	-	-964M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-66M
Asset Writedown & Restructuring Costs	-	-	-	108M
Other Operating Activities, Total	-940M	-35M	-412M	-231M
Change In Accounts Receivable	-1.44B	-517M	-724M	-1.7B
Change In Inventories	400M	-949M	-240M	-641M
Change In Accounts Payable	63M	643M	-663M	1.07B
Change in Unearned Revenues	-495M	1.28B	2.81B	2.8B
Change in Other Net Operating Assets	214M	401M	-113M	-406M
Cash from Operations	-1.66B	-114M	1.19B	2.58B
Capital Expenditure	-577M	-513M	-744M	-883M
Sale of Property, Plant, and Equipment	69M	53M	60M	25M
Divestitures	-	-	-	813M
Investment in Marketable and Equity Securities, Total	-369M	-53M	149M	130M
Other Investing Activities, Total	-264M	191M	-199M	-122M
Cash from Investing	-1.14B	-322M	-734M	-37M
Short Term Debt Issued, Total	-	15M	16M	-
Total Debt Issued	-	15M	16M	-
Short Term Debt Repaid, Total	-104M	-	-	-23M
Total Debt Repaid	-104M	-	-	-23M
Other Financing Activities, Total	2.1B	796M	-424M	3.68B
Cash from Financing	2B	811M	-408M	3.65B
Foreign Exchange Rate Adjustments	-66M	-87M	22M	-147M
Miscellaneous Cash Flow Adjustments	-	-21M	-582M	-603M
Net Change in Cash	-871M	267M	-516M	5.45B
Supplemental Items
Cash Interest Paid	88M	77M	83M	74M
Cash Income Tax Paid (Refund)	209M	91M	2M	623M
Levered Free Cash Flow	-	-	1.09B	3.09B
Unlevered Free Cash Flow	-	-	1.13B	3.1B
Change In Net Working Capital	-	-	-1.18B	-2.04B
Net Debt Issued / Repaid	-104M	15M	16M	-23M

Fiscal Period: December	2021	2022	2023	2024
Profitability
Return on Assets	-	-	-0.6	1.48
Return on Total Capital	-	-	-2.42	6.79
Return On Equity %	-	-	-4.74	16.43
Return on Common Equity	-	-	-4.85	18.3
Margin Analysis
Gross Profit Margin %	14.98	11.66	14.94	18.15
SG&A Margin	14.61	15.3	13.54	12.04
EBITDA Margin %	0.88	-0.88	1.6	6.34
EBITA Margin %	-1.44	-3.5	-0.58	4.09
EBIT Margin %	-2.68	-6.94	-1.3	3.3
Income From Continuing Operations Margin %	-2.19	-9.18	-1.43	4.46
Net Income Margin %	-1.92	-9.23	-1.32	4.44
Net Avail. For Common Margin %	-1.92	-9.23	-1.32	4.44
Normalized Net Income Margin	-1.13	-3.57	0.21	2.6
Levered Free Cash Flow Margin	-	-	3.27	8.86
Unlevered Free Cash Flow Margin	-	-	3.39	8.87
Asset Turnover
Asset Turnover	-	-	0.73	0.72
Fixed Assets Turnover	-	-	6.43	6.73
Receivables Turnover (Average Receivables)	-	-	2.47	2.47
Inventory Turnover (Average Inventory)	-	-	3.5	3.4
Short Term Liquidity
Current Ratio	-	0.99	0.94	1.08
Quick Ratio	-	0.63	0.57	0.73
Operating Cash Flow to Current Liabilities	-	-0	0.04	0.08
Days Sales Outstanding (Average Receivables)	-	-	148.03	147.95
Days Outstanding Inventory (Average Inventory)	-	-	104.22	107.77
Average Days Payable Outstanding	-	-	83.48	61.36
Cash Conversion Cycle (Average Days)	-	-	168.77	194.36
Long Term Solvency
Total Debt/Equity	-	9.86	14.13	10.02
Total Debt / Total Capital	-	8.97	12.38	9.1
LT Debt/Equity	-	7.31	9.77	7.74
Long-Term Debt / Total Capital	-	6.65	8.56	7.04
Total Liabilities / Total Assets	-	73.9	81.83	79.42
EBIT / Interest Expense	-14.03	-38.09	-7.2	115.2
EBITDA / Interest Expense	4.63	1.48	14.15	248.1
(EBITDA - Capex) / Interest Expense	-4.52	-8.02	1.75	159.8
Total Debt / EBITDA	-	14.3	1.39	0.43
Net Debt / EBITDA	-	-11.54	-0.43	-2.7
Total Debt / (EBITDA - Capex)	-	-2.64	11.28	0.66
Net Debt / (EBITDA - Capex)	-	2.13	-3.5	-4.2
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-10.16	12.09	5.1
Gross Profit, 1 Yr. Growth %	-	-30.07	36.03	27.71
EBITDA, 1 Yr. Growth %	-	-189.04	-169.09	109.65
EBITA, 1 Yr. Growth %	-	118.74	-87.11	329.13
EBIT, 1 Yr. Growth %	-	132.69	-75.22	1.14K
Earnings From Cont. Operations, 1 Yr. Growth %	-	275.97	-82.59	-428.9
Net Income, 1 Yr. Growth %	-	332.23	-83.99	-454.34
Normalized Net Income, 1 Yr. Growth %	-	184.58	-108.16	800.25
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	-448.75
Accounts Receivable, 1 Yr. Growth %	-	-	4.48	5.02
Inventory, 1 Yr. Growth %	-	-	4.56	4.05
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	2.41	-1.49
Total Assets, 1 Yr. Growth %	-	-	3.71	11.63
Tangible Book Value, 1 Yr. Growth %	-	-	-63.54	130.77
Common Equity, 1 Yr. Growth %	-	-	-30.37	28.72
Cash From Operations, 1 Yr. Growth %	-	-93.13	-1.14K	117.79
Capital Expenditures, 1 Yr. Growth %	-	-11.09	45.03	18.68
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-	124.84
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-	120.78
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	0.35	8.54
Gross Profit, 2 Yr. CAGR %	-	-	-3.34	31.81
EBITDA, 2 Yr. CAGR %	-	-	-18.35	98.93
EBITA, 2 Yr. CAGR %	-	-	148.87	4.92
EBIT, 2 Yr. CAGR %	-	-	6.9	-13.82
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-19.09	-24.32
Net Income, 2 Yr. CAGR %	-	-	-16.82	-24.68
Normalized Net Income, 2 Yr. CAGR %	-	-	12.23	2.66
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-25.3
Accounts Receivable, 2 Yr. CAGR %	-	-	-	4.75
Inventory, 2 Yr. CAGR %	-	-	-	4.3
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-	0.44
Total Assets, 2 Yr. CAGR %	-	-	-	7.6
Tangible Book Value, 2 Yr. CAGR %	-	-	-	-8.27
Common Equity, 2 Yr. CAGR %	-	-	-	-5.32
Cash From Operations, 2 Yr. CAGR %	-	-	-15.47	376
Capital Expenditures, 2 Yr. CAGR %	-	-	13.55	31.2
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	1.91
Gross Profit, 3 Yr. CAGR %	-	-	-	6.07
EBITDA, 3 Yr. CAGR %	-	-	-	40.56
EBITA, 3 Yr. CAGR %	-	-	-	258.56
EBIT, 3 Yr. CAGR %	-	-	-	44.98
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	29.13
Net Income, 3 Yr. CAGR %	-	-	-	34.84
Normalized Net Income, 3 Yr. CAGR %	-	-	-	153.41
Cash From Operations, 3 Yr. CAGR %	-	-	-	15.88
Capital Expenditures, 3 Yr. CAGR %	-	-	-	15.24