Balance Sheet GE Vernova Inc.

Equities

GEV

US36828A1016

Electric Utilities

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2e4f17547fcc76aec1171.1HILw1WvSkOsvoun9WZHMRYSw6Db-a6SxTrjnorNfRY.swF8lDTAJxbV1uXNhTcKYV119cX2uPrw_Vai08GnE3i-RU-oMf87JsvP-A

Published financial data: GE VERNOVA INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	33.01B	29.65B	33.24B	34.94B	38.07B
Total Revenues	33.01B	29.65B	33.24B	34.94B	38.07B
Cost of Goods Sold, Total	28.06B	26.2B	28.27B	28.59B	30.42B
Gross Profit	4.94B	3.46B	4.96B	6.34B	7.64B
Selling General & Admin Expenses, Total	4.82B	4.54B	4.5B	4.37B	4.31B
R&D Expenses	1.01B	979M	896M	982M	1.2B
Other Operating Expenses, Total	5.83B	5.52B	5.4B	5.36B	5.5B
Operating Income	-884M	-2.06B	-432M	986M	2.14B
Interest Expense, Total	-63M	-54M	-60M	-10M	-
Interest And Investment Income	71M	42M	63M	66M	270M
Net Interest Expenses	8M	-12M	3M	56M	270M
Income (Loss) On Equity Invest.	-179M	60M	-64M	53M	269M
Other Non Operating Income (Expenses)	314M	337M	548M	371M	247M
EBT, Excl. Unusual Items	-741M	-1.67B	55M	1.47B	2.93B
Restructuring Charges	-	-	-443M	-421M	-284M
Gain (Loss) On Sale Of Investments	-	-	90M	183M	185M
Gain (Loss) On Sale Of Assets	-123M	22M	216M	964M	-
Asset Writedown	-	-824M	-	-	-
Legal Settlements	-	-	-	306M	-
Other Unusual Items	-	-	-48M	-	-
EBT, Incl. Unusual Items	-864M	-2.47B	-130M	2.5B	2.83B
Income Tax Expense	-140M	248M	344M	939M	-2.05B
Earnings From Continuing Operations	-724M	-2.72B	-474M	1.56B	4.88B
Net Income to Company	-724M	-2.72B	-474M	1.56B	4.88B
Minority Interest	91M	-14M	36M	-7M	4M
Net Income - (IS)	-633M	-2.74B	-438M	1.55B	4.88B
Net Income to Common Incl Extra Items	-633M	-2.74B	-438M	1.55B	4.88B
Net Income to Common Excl. Extra Items	-633M	-2.74B	-438M	1.55B	4.88B
Per Share Items
Net EPS - Basic	-	-	-	5.64	17.96
Basic EPS - Continuing Operations	-	-	-	5.64	17.96
Basic Weighted Average Shares Outstanding	-	-	-	275M	272M
Net EPS - Diluted	-	-	-	5.58	17.69
Diluted EPS - Continuing Operations	-	-	-	5.58	17.69
Diluted Weighted Average Shares Outstanding	-	-	-	278M	276M
Normalized Basic EPS	-	-	-	3.31	6.74
Normalized Diluted EPS	-	-	-	3.27	6.64
Dividend Per Share	-	-	-	0.25	1.25
Payout Ratio	-	-	-	-	5.63
American Depositary Receipts Ratio (ADR)	0.05	0.05	0.05	0.05	0.05
Supplemental Items
EBITDA	292M	-260M	532M	2.05B	3B
EBITA	-475M	-1.04B	-192M	1.26B	2.38B
EBIT	-884M	-2.06B	-432M	986M	2.14B
EBITDAR	647M	80M	849M	2.32B	3.25B
Total Revenues (As Reported)	33.01B	29.65B	33.24B	34.94B	38.07B
Effective Tax Rate - (Ratio)	16.2	-10.02	-264.62	37.59	-72.5
Current Domestic Taxes	-	-2M	-184M	327M	357M
Current Foreign Taxes	-12M	426M	500M	636M	866M
Total Current Taxes	-12M	424M	316M	963M	1.22B
Deferred Domestic Taxes	-	-	-	-11M	-3.58B
Deferred Foreign Taxes	-128M	-176M	28M	-13M	306M
Total Deferred Taxes	-128M	-176M	28M	-24M	-3.27B
Normalized Net Income	-372M	-1.06B	70.38M	909M	1.83B
Non-Cash Pension Expense	-157M	-192M	-510M	-453M	-410M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.01B	979M	896M	982M	1.2B
Net Rental Expense, Total	355M	340M	317M	265M	255M
Imputed Operating Lease Interest Expense	-	-	129M	18.88M	-
Imputed Operating Lease Depreciation	-	-	188M	246M	-
Stock-Based Comp., Other (Total)	-	-	-	155M	-
Total Stock-Based Compensation	-	-	-	155M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	-	2.07B	1.55B	7.77B	8.47B
Short Term Investments	-	-	-	-	466M
Total Cash And Short Term Investments	-	2.07B	1.55B	7.77B	8.94B
Accounts Receivable, Total	-	13.18B	13.78B	14.47B	16.72B
Other Receivables	-	1.17B	1.27B	818M	662M
Total Receivables	-	14.36B	15.04B	15.28B	17.38B
Inventory	-	7.89B	8.25B	8.59B	10.43B
Prepaid Expenses	-	71M	130M	298M	698M
Restricted Cash	-	-	-	438M	379M
Other Current Assets, Total	-	1.51B	2.45B	1.78B	2.4B
Total Current Assets	-	25.9B	27.43B	34.15B	40.22B
Gross Property Plant And Equipment	-	12.28B	12.58B	12.88B	14.37B
Accumulated Depreciation	-	-7.17B	-7.35B	-7.73B	-8.36B
Net Property Plant And Equipment	-	5.1B	5.23B	5.15B	6.01B
Long-term Investments	-	3.68B	3.56B	2.15B	1.83B
Goodwill	-	4.16B	4.44B	4.26B	4.44B
Other Intangibles, Total	-	1.17B	1.04B	813M	727M
Accounts Receivable Long-Term	-	744M	621M	695M	409M
Deferred Tax Assets Long-Term	-	1.6B	1.58B	1.64B	5.32B
Other Long-Term Assets, Total	-	2.1B	2.23B	2.62B	4.06B
Total Assets	-	44.47B	46.12B	51.48B	63.02B
Liabilities
Accounts Payable, Total	-	6.76B	6.34B	4.96B	7.26B
Accrued Expenses, Total	-	1.67B	2.08B	2.2B	2.48B
Short-term Borrowings	-	121M	145M	60M	63M
Current Portion of Leases	-	175M	220M	181M	207M
Current Income Taxes Payable	-	75M	123M	80M	487M
Unearned Revenue Current, Total	-	11.84B	15.07B	17.59B	25.77B
Other Current Liabilities	-	5.4B	5.32B	6.61B	4.7B
Total Current Liabilities	-	26.04B	29.31B	31.68B	40.97B
Long-Term Debt	-	-	10M	10M	11M
Long-Term Leases	-	848M	809M	810M	915M
Unearned Revenue Non Current	-	296M	173M	157M	175M
Deferred Tax Liability Non Current	-	449M	382M	827M	1.16B
Other Non Current Liabilities	-	5.23B	7.06B	7.4B	7.48B
Total Liabilities	-	32.86B	37.74B	40.89B	50.72B
Common Stock, Total	-	12.11B	8.05B	3M	3M
Additional Paid In Capital	-	-	-	9.73B	9.81B
Retained Earnings	-	-	-	1.61B	6.15B
Treasury Stock	-	-	-	-43M	-3.38B
Comprehensive Income and Other	-	-1.46B	-635M	-1.76B	-1.41B
Total Common Equity	-	10.65B	7.42B	9.55B	11.18B
Minority Interest	-	957M	964M	1.05B	1.12B
Total Equity	-	11.61B	8.38B	10.59B	12.3B
Total Liabilities And Equity	-	44.47B	46.12B	51.48B	63.02B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	-	276M	270M
ECS Total Common Shares Outstanding	-	-	-	276M	270M
Book Value / Share	-	-	-	34.63	41.47
Tangible Book Value	-	5.31B	1.94B	4.47B	6.01B
Tangible Book Value Per Share	-	-	-	16.22	22.31
Total Debt	-	1.14B	1.18B	1.06B	1.2B
Net Debt	-	-923M	-367M	-6.71B	-7.74B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-49M	1.15B	946M	614M
Debt Equivalent Oper. Leases	2.84B	2.72B	2.54B	2.12B	2.04B
Minority Interest, Total (Incl. Fin. Div)	-	957M	964M	1.05B	1.12B
Equity Method Investments, Total	-	3.68B	3.56B	2.15B	1.83B
Account Code - Inventory Valuation	-	5	5	5	5
Inventories - Raw Materials, Total	-	3.96B	4.68B	5.33B	6.38B
Inventories - Finished Goods, Total	-	2.79B	2.51B	2.49B	3.27B
Inventories - Others	-	1.15B	1.05B	769M	786M
Land - (BS)	-	344M	352M	337M	358M
Buildings, Total	-	3.13B	3.28B	3.17B	3.3B
Machinery, Total	-	7.59B	7.76B	7.94B	8.43B
Full Time Employees	-	80K	80K	76.8K	78K
Accumulated Allowance for Doubtful Accounts (Supple)	-	674M	515M	464M	441M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-633M	-2.74B	-438M	1.55B	4.88B
Depreciation & Amortization - CF	767M	779M	724M	787M	615M
Amortization of Goodwill and Intangible Assets - (CF)	409M	1.02B	240M	277M	238M
Depreciation & Amortization, Total	1.18B	1.8B	964M	1.06B	853M
(Gain) Loss From Sale Of Asset	-	-	-	-964M	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-66M	-138M
Asset Writedown & Restructuring Costs	-	-	-	108M	-
Other Operating Activities, Total	-940M	-35M	-412M	-231M	-4.71B
Change In Accounts Receivable	-1.44B	-517M	-724M	-1.7B	-2.38B
Change In Inventories	400M	-949M	-240M	-641M	-1.43B
Change In Accounts Payable	63M	643M	-663M	1.07B	-105M
Change in Unearned Revenues	-495M	1.28B	2.81B	2.8B	8.02B
Change in Other Net Operating Assets	214M	401M	-113M	-406M	-
Cash from Operations	-1.66B	-114M	1.19B	2.58B	4.99B
Capital Expenditure	-577M	-513M	-744M	-883M	-1.28B
Sale of Property, Plant, and Equipment	69M	53M	60M	25M	39M
Divestitures	-	-	-	813M	60M
Investment in Marketable and Equity Securities, Total	-369M	-53M	149M	130M	377M
Other Investing Activities, Total	-264M	191M	-199M	-122M	46M
Cash from Investing	-1.14B	-322M	-734M	-37M	-755M
Short Term Debt Issued, Total	-	15M	16M	-	-
Total Debt Issued	-	15M	16M	-	-
Short Term Debt Repaid, Total	-104M	-	-	-23M	-
Total Debt Repaid	-104M	-	-	-23M	-
Repurchase of Common Stock	-	-	-	-	-3.32B
Common Dividends Paid	-	-	-	-	-275M
Common & Preferred Stock Dividends Paid	-	-	-	-	-275M
Other Financing Activities, Total	2.1B	796M	-424M	3.68B	-222M
Cash from Financing	2B	811M	-408M	3.65B	-3.81B
Foreign Exchange Rate Adjustments	-66M	-87M	22M	-147M	224M
Miscellaneous Cash Flow Adjustments	-	-21M	-582M	-603M	2M
Net Change in Cash	-871M	267M	-516M	5.45B	645M
Supplemental Items
Cash Interest Paid	88M	77M	83M	74M	53M
Cash Income Tax Paid (Refund)	209M	91M	2M	623M	830M
Levered Free Cash Flow	-	-	1.09B	2.99B	5.28B
Unlevered Free Cash Flow	-	-	1.13B	3B	5.28B
Change In Net Working Capital	-	-	-1.18B	-2.04B	-4.36B
Net Debt Issued / Repaid	-104M	15M	16M	-23M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	-	-0.6	1.26	2.34
Return on Total Capital	-	-	-2.42	5.81	10.65
Return On Equity %	-	-	-4.74	16.43	42.64
Return on Common Equity	-	-	-4.85	18.3	47.13
Margin Analysis
Gross Profit Margin %	14.98	11.66	14.94	18.15	20.08
SG&A Margin	14.61	15.3	13.54	12.52	11.31
EBITDA Margin %	0.88	-0.88	1.6	5.87	7.87
EBITA Margin %	-1.44	-3.5	-0.58	3.62	6.25
EBIT Margin %	-2.68	-6.94	-1.3	2.82	5.63
Income From Continuing Operations Margin %	-2.19	-9.18	-1.43	4.46	12.82
Net Income Margin %	-1.92	-9.23	-1.32	4.44	12.83
Net Avail. For Common Margin %	-1.92	-9.23	-1.32	4.44	12.83
Normalized Net Income Margin	-1.13	-3.57	0.21	2.6	4.82
Levered Free Cash Flow Margin	-	-	3.27	8.56	13.86
Unlevered Free Cash Flow Margin	-	-	3.39	8.58	13.86
Asset Turnover
Asset Turnover	-	-	0.73	0.72	0.66
Fixed Assets Turnover	-	-	6.43	6.73	6.82
Receivables Turnover (Average Receivables)	-	-	2.47	2.47	2.44
Inventory Turnover (Average Inventory)	-	-	3.5	3.4	3.2
Short Term Liquidity
Current Ratio	-	0.99	0.94	1.08	0.98
Quick Ratio	-	0.63	0.57	0.73	0.64
Operating Cash Flow to Current Liabilities	-	-0	0.04	0.08	0.12
Days Sales Outstanding (Average Receivables)	-	-	148.03	147.95	149.52
Days Outstanding Inventory (Average Inventory)	-	-	104.22	107.77	114.07
Average Days Payable Outstanding	-	-	83.48	61.36	80.77
Cash Conversion Cycle (Average Days)	-	-	168.77	194.36	182.82
Long Term Solvency
Total Debt/Equity	-	9.86	14.13	10.02	9.73
Total Debt / Total Capital	-	8.97	12.38	9.1	8.86
LT Debt/Equity	-	7.31	9.77	7.74	7.53
Long-Term Debt / Total Capital	-	6.65	8.56	7.04	6.86
Total Liabilities / Total Assets	-	73.9	81.83	79.42	80.49
EBIT / Interest Expense	-14.03	-38.09	-7.2	98.6	-
EBITDA / Interest Expense	4.63	1.48	14.15	231.5	-
(EBITDA - Capex) / Interest Expense	-4.52	-8.02	1.75	143.2	-
Total Debt / EBITDA	-	14.3	1.39	0.46	0.37
Net Debt / EBITDA	-	-11.54	-0.43	-2.9	-2.38
Total Debt / (EBITDA - Capex)	-	-2.64	11.28	0.74	0.61
Net Debt / (EBITDA - Capex)	-	2.13	-3.5	-4.68	-3.92
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-10.16	12.09	5.1	8.97
Gross Profit, 1 Yr. Growth %	-	-30.07	36.03	27.71	20.56
EBITDA, 1 Yr. Growth %	-	-189.04	-169.09	61.04	35.15
EBITA, 1 Yr. Growth %	-	118.74	-87.11	130.05	66.55
EBIT, 1 Yr. Growth %	-	132.69	-75.22	219.09	85.94
Earnings From Cont. Operations, 1 Yr. Growth %	-	275.97	-82.59	-428.9	213.02
Net Income, 1 Yr. Growth %	-	332.23	-83.99	-454.34	214.69
Normalized Net Income, 1 Yr. Growth %	-	184.58	-108.16	800.25	101.7
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	-448.75	217.02
Accounts Receivable, 1 Yr. Growth %	-	-	4.48	5.02	15.54
Inventory, 1 Yr. Growth %	-	-	4.56	4.05	21.45
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	2.41	-1.49	16.62
Total Assets, 1 Yr. Growth %	-	-	3.71	11.63	22.4
Tangible Book Value, 1 Yr. Growth %	-	-	-63.54	130.77	34.5
Common Equity, 1 Yr. Growth %	-	-	-30.37	28.72	17.1
Cash From Operations, 1 Yr. Growth %	-	-93.13	-1.14K	117.79	93.07
Capital Expenditures, 1 Yr. Growth %	-	-11.09	45.03	18.68	44.62
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-	97.88	70.59
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-	94.67	70.25
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	400
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	0.35	8.54	7.02
Gross Profit, 2 Yr. CAGR %	-	-	-3.34	31.81	24.09
EBITDA, 2 Yr. CAGR %	-	-	-18.35	64.89	68.33
EBITA, 2 Yr. CAGR %	-	-	148.87	-7.99	167.34
EBIT, 2 Yr. CAGR %	-	-	6.9	-24.83	379.92
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-19.09	-24.32	220.86
Net Income, 2 Yr. CAGR %	-	-	-16.82	-24.68	233.93
Normalized Net Income, 2 Yr. CAGR %	-	-	12.23	2.66	326.13
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-25.3	232.51
Accounts Receivable, 2 Yr. CAGR %	-	-	-	4.75	10.16
Inventory, 2 Yr. CAGR %	-	-	-	4.3	12.41
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-	0.44	7.18
Total Assets, 2 Yr. CAGR %	-	-	-	7.6	16.89
Tangible Book Value, 2 Yr. CAGR %	-	-	-	-8.27	76.18
Common Equity, 2 Yr. CAGR %	-	-	-	-5.32	22.77
Cash From Operations, 2 Yr. CAGR %	-	-	-15.47	376	105.06
Capital Expenditures, 2 Yr. CAGR %	-	-	13.55	31.2	31.01
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	95.85
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	93.87
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	1.91	8.68
Gross Profit, 3 Yr. CAGR %	-	-	-	6.07	27.95
EBITDA, 3 Yr. CAGR %	-	-	-	36.96	58.37
EBITA, 3 Yr. CAGR %	-	-	-	244.1	16.84
EBIT, 3 Yr. CAGR %	-	-	-	37.66	7.07
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	29.13	21.48
Net Income, 3 Yr. CAGR %	-	-	-	34.84	21.31
Normalized Net Income, 3 Yr. CAGR %	-	-	-	153.41	28.58
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-	20.94
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	8.24
Inventory, 3 Yr. CAGR %	-	-	-	-	9.73
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-	5.57
Total Assets, 3 Yr. CAGR %	-	-	-	-	12.32
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-	4.21
Common Equity, 3 Yr. CAGR %	-	-	-	-	1.63
Cash From Operations, 3 Yr. CAGR %	-	-	-	15.88	252.35
Capital Expenditures, 3 Yr. CAGR %	-	-	-	15.24	35.53