Ultrasound Historical Financial Summary
Adj. EBIT Reconciliation
($ in Millions)
Net income attributable to GE Health Care
Add: Interest and other financial charges - net
Add: Non-operating benefit costs
Less: Provision for income taxes
Less: Income (loss) from discontinued operations, net of taxes
Add: Net income attributable to noncontrolling interests
EBIT (Non-GAAP)
Add: Restructuring costs-a)
Add: Acquisition and disposition related charges (benefits)-b)
Add: Spin-Off and separation costs-c)
Add: (Gain)/loss of business dispositions / divestments-d)
Add: amortization of acquisition related intangible assets
Add: investment revaluation (gain)/loss-e)
Adjusted EBIT (Non-GAAP)
Net income margin (US GAAP)
Adjusted EBIT Margin (Non-GAAP)
2019
2020
2021
$1,524
$13,846
$2,247
88
66
40
9
5
3
(410)
(652)
(600)
(128)
11,839
18
29
51
46
$2,188
$2,781
$2,918
160
134
155
--
2
14
54
(3)
3
(2)
92
83
90
1
(22)
(3)
$2,492
$2,981
$3,172
9.2%
80.7%
12.8%
15.0%
17.4%
18.0%
(GE HealthCare
(a Consists of severance, facility closures, and other charges associated with historical restructuring programs.
(b - Consists of legal, consulting, and other transaction and integration fees, and adjustments to contingent consideration, as well as other purchase accounting related charges and other costs directly related to the transactions.
(c Costs incurred in the Spin-Off and separation from GE as well as the planned IPO of GE's Healthcare business in 2019 including system implementation, audit and advisory fees, legal entity separation, and other one-time costs.
(d Consists of gains and losses resulting from the sale of assets and investments.
(e - Primarily relates to valuation adjustments for equity investments.
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