Cash flow GE Vernova Inc.

Equities

GEV

US36828A1016

Electric Utilities

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Published financial data: GE VERNOVA INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023
Revenues	33.01B	29.65B	33.24B
Total Revenues	33.01B	29.65B	33.24B
Cost of Goods Sold, Total	28.06B	26.2B	28.27B
Gross Profit	4.94B	3.46B	4.96B
Selling General & Admin Expenses, Total	4.82B	4.54B	4.5B
R&D Expenses	1.01B	979M	896M
Other Operating Expenses, Total	5.83B	5.52B	5.4B
Operating Income	-884M	-2.06B	-432M
Interest Expense, Total	-63M	-54M	-60M
Interest And Investment Income	71M	42M	63M
Net Interest Expenses	8M	-12M	3M
Income (Loss) On Equity Invest.	-179M	60M	-64M
Other Non Operating Income (Expenses)	314M	337M	548M
EBT, Excl. Unusual Items	-741M	-1.67B	55M
Restructuring Charges	-	-	-443M
Gain (Loss) On Sale Of Investments	-	-	90M
Gain (Loss) On Sale Of Assets	-123M	22M	216M
Asset Writedown	-	-824M	-
Other Unusual Items	-	-	-48M
EBT, Incl. Unusual Items	-864M	-2.47B	-130M
Income Tax Expense	-140M	248M	344M
Earnings From Continuing Operations	-724M	-2.72B	-474M
Net Income to Company	-724M	-2.72B	-474M
Minority Interest	91M	-14M	36M
Net Income - (IS)	-633M	-2.74B	-438M
Net Income to Common Incl Extra Items	-633M	-2.74B	-438M
Net Income to Common Excl. Extra Items	-633M	-2.74B	-438M
Supplemental Items
EBITDA	292M	-260M	532M
EBITA	-475M	-1.04B	-192M
EBIT	-884M	-2.06B	-432M
EBITDAR	647M	80M	849M
Total Revenues (As Reported)	33.01B	29.65B	33.24B
Effective Tax Rate - (Ratio)	16.2	-10.02	-264.62
Current Domestic Taxes	-	-2M	-184M
Current Foreign Taxes	-12M	426M	500M
Total Current Taxes	-12M	424M	316M
Deferred Foreign Taxes	-128M	-176M	28M
Total Deferred Taxes	-128M	-176M	28M
Normalized Net Income	-372M	-1.06B	70.38M
Non-Cash Pension Expense	-157M	-192M	-510M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.01B	979M	896M
Net Rental Expense, Total	355M	340M	317M
Imputed Operating Lease Interest Expense	-	-	129M
Imputed Operating Lease Depreciation	-	-	188M

Fiscal Period: December	2021	2022	2023
Assets
Cash And Equivalents	-	2.07B	1.55B
Total Cash And Short Term Investments	-	2.07B	1.55B
Accounts Receivable, Total	-	13.18B	13.78B
Other Receivables	-	1.17B	1.27B
Total Receivables	-	14.36B	15.04B
Inventory	-	7.89B	8.25B
Prepaid Expenses	-	71M	130M
Other Current Assets, Total	-	1.51B	2.45B
Total Current Assets	-	25.9B	27.43B
Gross Property Plant And Equipment	-	12.28B	12.58B
Accumulated Depreciation	-	-7.17B	-7.35B
Net Property Plant And Equipment	-	5.1B	5.23B
Long-term Investments	-	3.68B	3.56B
Goodwill	-	4.16B	4.44B
Other Intangibles, Total	-	1.17B	1.04B
Accounts Receivable Long-Term	-	744M	621M
Deferred Tax Assets Long-Term	-	1.6B	1.58B
Other Long-Term Assets, Total	-	2.1B	2.23B
Total Assets	-	44.47B	46.12B
Liabilities
Accounts Payable, Total	-	4.23B	4.7B
Accrued Expenses, Total	-	1.67B	2.08B
Short-term Borrowings	-	121M	145M
Current Portion of Leases	-	175M	220M
Current Income Taxes Payable	-	75M	123M
Unearned Revenue Current, Total	-	11.84B	15.07B
Other Current Liabilities	-	7.92B	6.96B
Total Current Liabilities	-	26.04B	29.31B
Long-Term Debt	-	-	10M
Long-Term Leases	-	848M	809M
Unearned Revenue Non Current	-	296M	173M
Deferred Tax Liability Non Current	-	449M	382M
Other Non Current Liabilities	-	5.23B	7.06B
Total Liabilities	-	32.86B	37.74B
Common Stock, Total	-	12.11B	8.05B
Comprehensive Income and Other	-	-1.46B	-635M
Total Common Equity	-	10.65B	7.42B
Minority Interest	-	957M	964M
Total Equity	-	11.61B	8.38B
Total Liabilities And Equity	-	44.47B	46.12B
Supplemental Items
Tangible Book Value	-	5.31B	1.94B
Total Debt	-	1.14B	1.18B
Net Debt	-	-923M	-367M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-49M	1.15B
Debt Equivalent Oper. Leases	2.84B	2.72B	2.54B
Minority Interest, Total (Incl. Fin. Div)	-	957M	964M
Equity Method Investments, Total	-	3.68B	3.56B
Account Code - Inventory Valuation	-	5	5
Inventories - Raw Materials, Total	-	3.96B	4.68B
Inventories - Finished Goods, Total	-	2.79B	2.51B
Inventories - Others	-	1.15B	1.05B
Land - (BS)	-	344M	352M
Buildings, Total	-	3.13B	3.28B
Machinery, Total	-	7.59B	7.76B
Full Time Employees	-	80K	80K
Accumulated Allowance for Doubtful Accounts (Supple)	-	674M	515M

Fiscal Period: December	2021	2022	2023
Net Income	-633M	-2.74B	-438M
Depreciation & Amortization - CF	767M	779M	724M
Amortization of Goodwill and Intangible Assets - (CF)	409M	1.02B	240M
Depreciation & Amortization, Total	1.18B	1.8B	964M
Other Operating Activities, Total	-940M	-35M	-412M
Change In Accounts Receivable	-1.44B	-517M	-724M
Change In Inventories	400M	-949M	-240M
Change In Accounts Payable	63M	643M	-663M
Change in Unearned Revenues	-495M	1.28B	2.81B
Change in Other Net Operating Assets	214M	401M	-113M
Cash from Operations	-1.66B	-114M	1.19B
Capital Expenditure	-577M	-513M	-744M
Sale of Property, Plant, and Equipment	69M	53M	60M
Investment in Marketable and Equity Securities, Total	-369M	-53M	149M
Other Investing Activities, Total	-264M	191M	-199M
Cash from Investing	-1.14B	-322M	-734M
Short Term Debt Issued, Total	-	15M	16M
Total Debt Issued	-	15M	16M
Short Term Debt Repaid, Total	-104M	-	-
Total Debt Repaid	-104M	-	-
Other Financing Activities, Total	2.1B	796M	-424M
Cash from Financing	2B	811M	-408M
Foreign Exchange Rate Adjustments	-66M	-87M	22M
Miscellaneous Cash Flow Adjustments	-	-21M	-582M
Net Change in Cash	-871M	267M	-516M
Supplemental Items
Cash Interest Paid	88M	77M	83M
Cash Income Tax Paid (Refund)	209M	91M	2M
Levered Free Cash Flow	-	-	1.09B
Unlevered Free Cash Flow	-	-	1.13B
Change In Net Working Capital	-	-	-1.18B
Net Debt Issued / Repaid	-104M	15M	16M

Fiscal Period: December	2021	2022	2023
Profitability
Return on Assets	-	-	-0.6
Return on Total Capital	-	-	-2.42
Return On Equity %	-	-	-4.74
Return on Common Equity	-	-	-4.85
Margin Analysis
Gross Profit Margin %	14.98	11.66	14.94
SG&A Margin	14.61	15.3	13.54
EBITDA Margin %	0.88	-0.88	1.6
EBITA Margin %	-1.44	-3.5	-0.58
EBIT Margin %	-2.68	-6.94	-1.3
Income From Continuing Operations Margin %	-2.19	-9.18	-1.43
Net Income Margin %	-1.92	-9.23	-1.32
Net Avail. For Common Margin %	-1.92	-9.23	-1.32
Normalized Net Income Margin	-1.13	-3.57	0.21
Levered Free Cash Flow Margin	-	-	3.27
Unlevered Free Cash Flow Margin	-	-	3.39
Asset Turnover
Asset Turnover	-	-	0.73
Fixed Assets Turnover	-	-	6.43
Receivables Turnover (Average Receivables)	-	-	2.47
Inventory Turnover (Average Inventory)	-	-	3.5
Short Term Liquidity
Current Ratio	-	0.99	0.94
Quick Ratio	-	0.63	0.57
Operating Cash Flow to Current Liabilities	-	-0	0.04
Days Sales Outstanding (Average Receivables)	-	-	148.03
Days Outstanding Inventory (Average Inventory)	-	-	104.22
Average Days Payable Outstanding	-	-	56.95
Cash Conversion Cycle (Average Days)	-	-	195.3
Long Term Solvency
Total Debt/Equity	-	9.86	14.13
Total Debt / Total Capital	-	8.97	12.38
LT Debt/Equity	-	7.31	9.77
Long-Term Debt / Total Capital	-	6.65	8.56
Total Liabilities / Total Assets	-	73.9	81.83
EBIT / Interest Expense	-14.03	-38.09	-7.2
EBITDA / Interest Expense	4.63	1.48	14.15
(EBITDA - Capex) / Interest Expense	-4.52	-8.02	1.75
Total Debt / EBITDA	-	14.3	1.39
Net Debt / EBITDA	-	-11.54	-0.43
Total Debt / (EBITDA - Capex)	-	-2.64	11.28
Net Debt / (EBITDA - Capex)	-	2.13	-3.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-10.16	12.09
Gross Profit, 1 Yr. Growth %	-	-30.07	36.03
EBITDA, 1 Yr. Growth %	-	-189.04	-169.09
EBITA, 1 Yr. Growth %	-	118.74	-87.11
EBIT, 1 Yr. Growth %	-	132.69	-75.22
Earnings From Cont. Operations, 1 Yr. Growth %	-	275.97	-82.59
Net Income, 1 Yr. Growth %	-	332.23	-83.99
Normalized Net Income, 1 Yr. Growth %	-	184.58	-108.16
Accounts Receivable, 1 Yr. Growth %	-	-	4.48
Inventory, 1 Yr. Growth %	-	-	4.56
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	2.41
Total Assets, 1 Yr. Growth %	-	-	3.71
Tangible Book Value, 1 Yr. Growth %	-	-	-63.54
Common Equity, 1 Yr. Growth %	-	-	-30.37
Cash From Operations, 1 Yr. Growth %	-	-93.13	-1.14K
Capital Expenditures, 1 Yr. Growth %	-	-11.09	45.03
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	0.35
Gross Profit, 2 Yr. CAGR %	-	-	-3.34
EBITDA, 2 Yr. CAGR %	-	-	-18.35
EBITA, 2 Yr. CAGR %	-	-	148.87
EBIT, 2 Yr. CAGR %	-	-	6.9
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-19.09
Net Income, 2 Yr. CAGR %	-	-	-16.82
Normalized Net Income, 2 Yr. CAGR %	-	-	12.23
Cash From Operations, 2 Yr. CAGR %	-	-	-15.47
Capital Expenditures, 2 Yr. CAGR %	-	-	13.55