EGE Vernova Corporate Financial Review
Free cash flow*
Free cash flow*
For the years ended December 31, ($ in millions)
GE GE VERNOVA
2022
2023
2024E
Cash from (used for) operating activities (GAAP)
(114) $
1,186
$
$
Add: gross additions to property, plant and equipment and internal-use software
Free cash flow (Non-GAAP)
(513)
(744)
$
(627)
442
$
2025E
1,500-1,900
2,000-2,600
(800)
(800)
700-1,100 $ 1,200-1,800
Free cash flow* conversion
Free cash flow* conversion
We cannot provide a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measure for
Free cash flow* conversion in the 2028 outlook without unreasonable effort due to the uncertainty of the costs and timing associated
with potential restructuring actions and the impacts of depreciation & amortization.
© 2024 GE Vernova and/or its affiliates. All rights reserved.
* Non-GAAP Financial Measure
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