Investor Presentaiton
Adjusted earnings (loss) & adjusted earnings (loss) per share
Excludes GE Health Care results
ADJUSTED EARNINGS (LOSS) (NON-GAAP)
(Dollars in millions, per-share amounts in dollars)
Earnings (loss) from continuing operations (GAAP)
Insurance earnings (loss) (pre-tax)
Tax effect on Insurance earnings (loss)
Less: Insurance earnings (loss) (net of tax)
Earnings (loss) per share excluding Insurance (Non-GAAP)
Non-operating benefit (cost) income (pre-tax) (GAAP)
Tax effect on non-operating benefit (cost) income
Less: Non-operating benefit (cost) income (net of tax)
Gains (losses) on purchases and sales of business interests (pre-tax)
Tax effect on gains (losses) on purchases and sales of business interests
Less: Gains (losses) on purchases and sales of business interests (net of tax)
Gains (losses) on equity securities (pre-tax)
Tax effect on gains (losses) on equity securities(a)(b)
Less: Gains (losses) on equity securities (net of tax)
2022
Earnings
$ (1,211)
EPS
(1.11)
65
0.06
(21)
(0.02)
44
0.04
$ (1,255)
(1.15)
409
0.37
(86)
(0.08)
323
0.30
45
0.04
57
0.05
102
0.09
76
0.07
(17)
(0.02)
58
0.05
(806)
(0.74)
176
0.16
(630)
(0.58)
(465)
(0.42)
68
0.06
(397)
(0.36)
(715)
(0.65)
23
0.02
(692)
(0.63)
(824)
(0.75)
84
0.08
(740)
(0.68)
(263)
(0.24)
15
0.01
(248)
(0.23)
3
126
0.11
$
839
0.77
96
Restructuring & other (pre-tax)
Tax effect on restructuring & other
Less: Restructuring & other (net of tax)
Debt extinguishment costs (pre-tax)
Tax effect on debt extinguishment costs
Less: Debt extinguishment costs (net of tax)
Separation costs (pre-tax)
Tax effect on separation costs
Less: Separation costs (net of tax)
Steam asset sale impairment (pre-tax)
Tax effect on Steam asset sale impairment
Less: Steam asset sale impairment (net of tax)
Russia and Ukraine charges (pre-tax)
Tax effect on Russia and Ukraine charges
Less: Russia and Ukraine charges (net of tax)
Less: Accretion of preferred share repurchase (pre-tax and net of tax)
Less: U.S. and foreign tax law change enactment
Adjusted earnings (loss) per share (Non-GAAP)
* Non-GAAP Financial Measure
(a) Includes tax benefits available to offset the tax on gains in equity securities.
(b) Includes related tax valuation allowances.
Earnings-per-share amounts are computed independently. As a result, the sum of per-share amounts may not equal the total.
The service cost for our pension & other benefit plans are included in Adjusted earnings*, which represents the ongoing cost of providing pension benefits to our employees. The
components of non-operating benefit costs are mainly driven by capital allocation decisions & market performance. We believe the retained costs in Adjusted earnings* provides
management & investors a useful measure to evaluate the performance of the total company & increases period-to-period comparability.
2023 GE INVESTOR CONFERENCE 118View entire presentation