Investor Presentaiton
Adjusted profit & profit margin
Excludes GE Health Care results
ADJUSTED PROFIT AND PROFIT MARGIN (EXCLUDING CERTAIN ITEMS) (NON-GAAP)
(Dollars in millions)
Total revenues (GAAP)
Less: Insurance revenues
Adjusted revenues (Non-GAAP)
Total costs and expenses (GAAP)
Less: Insurance cost and expenses
Less: interest and other financial charges
Less: non-operating benefit cost (income)
Less: restructuring & other
Less: debt extinguishment costs
Less: separation costs
Less: Steam asset sale impairment
Less: Russia and Ukraine charges
Add: noncontrolling interests
Add: EFS benefit from taxes
Adjusted costs (Non-GAAP)
2022
$
58,096
2,954
$
SA
$
55,143
60,212
2,894
1,423
(409)
836
465
715
824
263
16
(213)
$
53,004
Other income (loss) (GAAP)
$
1,172
Less: gains (losses) on equity securities
76
Less: restructuring & other
31
Less: gains (losses) on purchases and sales of business interests
45
Adjusted other income (loss) (Non-GAAP)
$
1,020
Profit (loss) (GAAP)
$
(944)
Profit (loss) margin (GAAP)
(1.6)%
Adjusted profit (loss) (Non-GAAP)
$
3,159
Adjusted profit (loss) margin (Non-GAAP)
5.7 %
* Non-GAAP Financial Measure
We believe that adjusting profit to exclude the effects of items that are not closely associated with ongoing operations provides management & investors with a meaningful
measure that increases the period-to-period comparability. Gains (losses) & restructuring & other items are impacted by the timing & magnitude of gains associated with
dispositions, & the timing & magnitude of costs associated with restructuring & other activities.
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2023 GE INVESTOR CONFERENCE 117View entire presentation