Additional detals - Non-GAAP reconciliation: GE segment profit margin excluding restructuring expense restructuring expense | ||||||||||||||||||
Unaudited - additional materials posted on 1/27/2021 | ||||||||||||||||||
(Dollars in millions) | Power | Renewable Energy | Aviation | Healthcare | Corporate | -a) | GE Industrial | |||||||||||
2020 | 2019 | 2018 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | |
Total revenues (GAAP) | $ 17,589 | $ 18,625 | $ 22,150 | $ 15,666 | $ 15,337 | $ 14,288 | $ 22,042 | $ 32,875 | $ 30,566 | $ 18,009 | $ 19,942 | $ 19,784 | $ (932) | $ (305) | $ 673 | $ 73,100 | $ 87,719 | $ 89,038 |
Profit (GAAP) | $ 274 | $ 291 | $ (1,105) | $ (715) | $ (791) | $ 140 | $ 1,229 | $ 6,812 | $ 6,454 | $ 3,060 | $ 3,737 | $ 3,522 | $ (1,328) | $ (1,736) | $ (1,514) | $ 2,520 | $ 8,313 | $ 7,496 |
Less: restructuring expense | (16) | (94) | (297) | (200) | (125) | (152) | (26) | (8) | (12) | (134) | (159) | (176) | (172) | (43) | (260) | (549) | (430) | (896) |
Profit excluding restructuring expense (Non-GAAP) | $ 290 | $ 386 | $ (808) | $ (515) | $ (666) | $ 292 | $ 1,255 | $ 6,820 | $ 6,466 | $ 3,194 | $ 3,896 | $ 3,698 | $ (1,155) | $ (1,693) | $ (1,255) | $ 3,069 | $ 8,743 | $ 8,392 |
Profit margin (GAAP) | 1.6% | 1.6% | (5.0%) | (4.6%) | (5.2%) | 1.0% | 5.6% | 20.7% | 21.1% | 17.0% | 18.7% | 17.8% | 3.4% | 9.5% | 8.4% | |||
Profit margin excluding restructuring expense (Non-GAAP) | 1.6% | 2.1% | (3.6%) | (3.3%) | (4.3%) | 2.0% | 5.7% | 20.7% | 21.2% | 17.7% | 19.5% | 18.7% | 4.2% | 10.0% | 9.4% | |||
a) - Represents Total Corporate Items and Eliminations | ||||||||||||||||||
(Dollars in millions) | Power | Renewable Energy | Aviation | Healthcare | Corporate | -a) | GE Industrial | |||||||||||
4Q'20 | 4Q'19 | 4Q'18 | 4Q'20 | 4Q'19 | 4Q'18 | 4Q'20 | 4Q'19 | 4Q'18 | 4Q'20 | 4Q'19 | 4Q'18 | 4Q'20 | 4Q'19 | 4Q'18 | 4Q'20 | 4Q'19 | 4Q'18 | |
Total revenues (GAAP) | $ 5,383 | $ 5,401 | $ 5,381 | $ 4,442 | $ 4,747 | $ 4,646 | $ 5,847 | $ 8,936 | $ 8,456 | $ 4,823 | $ 5,402 | $ 5,398 | $ (362) | $ (343) | $ 142 | $ 20,271 | $ 24,460 | $ 24,437 |
Profit (GAAP) | $ 306 | $ 297 | $ (920) | $ (87) | $ (227) | $ (37) | $ 564 | $ 2,054 | $ 1,721 | $ 949 | $ 1,138 | $ 1,140 | $ (443) | $ (573) | $ (377) | $ 1,289 | $ 2,689 | $ 1,527 |
Less: restructuring expense | (3) | (5) | (134) | (65) | (30) | (16) | (10) | (2) | (1) | (34) | (45) | (36) | (93) | 3 | (38) | (204) | (78) | (226) |
Profit excluding restructuring expense (Non-GAAP) | $ 309 | $ 302 | $ (786) | $ (22) | $ (197) | $ (21) | $ 574 | $ 2,056 | $ 1,723 | $ 983 | $ 1,183 | $ 1,176 | $ (350) | $ (577) | $ (339) | $ 1,493 | $ 2,767 | $ 1,753 |
Profit margin (GAAP) | 5.7% | 5.5% | (17.1%) | (2.0%) | (4.8%) | (0.8%) | 9.6% | 23.0% | 20.4% | 19.7% | 21.1% | 21.1% | 6.4% | 11.0% | 6.2% | |||
Profit margin excluding restructuring expense (Non-GAAP) | 5.7% | 5.6% | (14.6%) | (0.5%) | (4.1%) | (0.5%) | 9.8% | 23.0% | 20.4% | 20.4% | 21.9% | 21.8% | 7.4% | 11.3% | 7.2% | |||
a) - Represents Total Corporate Items and Eliminations | ||||||||||||||||||
(Dollars in millions) | Power | Renewable Energy | Aviation | Healthcare | Corporate | -a) | GE Industrial | |||||||||||
3Q'20 | 3Q'19 | 3Q'18 | 3Q'20 | 3Q'19 | 3Q'18 | 3Q'20 | 3Q'19 | 3Q'18 | 3Q'20 | 3Q'19 | 3Q'18 | 3Q'20 | 3Q'19 | 3Q'18 | 3Q'20 | 3Q'19 | 3Q'18 | |
Total revenues (GAAP) | $ 4,025 | $ 3,926 | $ 4,559 | $ 4,525 | $ 4,425 | $ 3,920 | $ 4,919 | $ 8,109 | $ 7,480 | $ 4,565 | $ 4,923 | $ 4,707 | $ (299) | $ (120) | $ 254 | $ 17,918 | $ 21,519 | $ 21,273 |
Profit (GAAP) | $ 148 | $ (149) | $ (759) | $ (51) | $ (131) | $ 49 | $ 350 | $ 1,716 | $ 1,664 | $ 738 | $ 935 | $ 824 | $ (321) | $ (315) | $ (214) | $ 865 | $ 2,056 | $ 1,563 |
Less: restructuring expense | (1) | (6) | (83) | (56) | (34) | (68) | (6) | (2) | (1) | (27) | (39) | (37) | (45) | (11) | (48) | (136) | (91) | (238) |
Profit excluding restructuring expense (Non-GAAP) | $ 150 | $ (144) | $ (676) | $ 5 | $ (98) | $ 116 | $ 356 | $ 1,718 | $ 1,665 | $ 765 | $ 974 | $ 861 | $ (275) | $ (303) | $ (165) | $ 1,001 | $ 2,147 | $ 1,801 |
Profit margin (GAAP) | 3.7% | (3.8%) | (16.6%) | (1.1%) | (3.0%) | 1.3% | 7.1% | 21.2% | 22.2% | 16.2% | 19.0% | 17.5% | 4.8% | 9.6% | 7.3% | |||
Profit margin excluding restructuring expense (Non-GAAP) | 3.7% | (3.7%) | (14.8%) | 0.1% | (2.2%) | 3.0% | 7.2% | 21.2% | 22.3% | 16.8% | 19.8% | 18.3% | 5.6% | 10.0% | 8.5% | |||
a) - Represents Total Corporate Items and Eliminations | ||||||||||||||||||
(Dollars in millions) | Power | Renewable Energy | Aviation | Healthcare | Corporate | -a) | GE Industrial | |||||||||||
2Q'20 | 2Q'19 | 2Q'18 | 2Q'20 | 2Q'19 | 2Q'18 | 2Q'20 | 2Q'19 | 2Q'18 | 2Q'20 | 2Q'19 | 2Q'18 | 2Q'20 | 2Q'19 | 2Q'18 | 2Q'20 | 2Q'19 | 2Q'18 | |
Total revenues (GAAP) | $ 4,156 | $ 4,681 | $ 6,261 | $ 3,505 | $ 3,627 | $ 2,883 | $ 4,384 | $ 7,877 | $ 7,519 | $ 3,893 | $ 4,934 | $ 4,978 | $ (33) | $ (25) | $ 146 | $ 16,066 | $ 21,416 | $ 22,190 |
Profit (GAAP) | $ (50) | $ 36 | $ 360 | $ (251) | $ (220) | $ 41 | $ (687) | $ 1,382 | $ 1,472 | $ 506 | $ 932 | $ 884 | $ (185) | $ (492) | $ (464) | $ (666) | $ 1,638 | $ 2,294 |
Less: restructuring expense | (10) | (81) | (50) | (55) | (36) | (44) | (7) | (3) | (3) | (44) | (27) | (42) | (28) | (27) | (107) | (144) | (174) | (245) |
Profit excluding restructuring expense (Non-GAAP) | $ (40) | $ 117 | $ 410 | $ (195) | $ (184) | $ 85 | $ (680) | $ 1,385 | $ 1,475 | $ 550 | $ 958 | $ 926 | $ (156) | $ (465) | $ (357) | $ (521) | $ 1,812 | $ 2,539 |
Profit margin (GAAP) | (1.2%) | 0.8% | 5.7% | (7.2%) | (6.1%) | 1.4% | (15.7%) | 17.5% | 19.6% | 13.0% | 18.9% | 17.8% | (4.1%) | 7.6% | 10.3% | |||
Profit margin excluding restructuring expense (Non-GAAP) | (1.0%) | 2.5% | 6.5% | (5.6%) | (5.1%) | 2.9% | (15.5%) | 17.6% | 19.6% | 14.1% | 19.4% | 18.6% | (3.2%) | 8.5% | 11.4% | |||
a) - Represents Total Corporate Items and Eliminations | ||||||||||||||||||
(Dollars in millions) | Power | Renewable Energy | Aviation | Healthcare | Corporate | -a) | GE Industrial | |||||||||||
1Q'20 | 1Q'19 | 1Q'18 | 1Q'20 | 1Q'19 | 1Q'18 | 1Q'20 | 1Q'19 | 1Q'18 | 1Q'20 | 1Q'19 | 1Q'18 | 1Q'20 | 1Q'19 | 1Q'18 | 1Q'20 | 1Q'19 | 1Q'18 | |
Total revenues (GAAP) | $ 4,025 | $ 4,617 | $ 5,948 | $ 3,194 | $ 2,538 | $ 2,840 | $ 6,892 | $ 7,954 | $ 7,112 | $ 4,727 | $ 4,683 | $ 4,702 | $ (237) | $ 183 | $ 131 | $ 18,844 | $ 20,324 | $ 21,138 |
Profit (GAAP) | $ (131) | $ 107 | $ 214 | $ (327) | $ (212) | $ 87 | $ 1,003 | $ 1,659 | $ 1,597 | $ 867 | $ 732 | $ 673 | $ (379) | $ (356) | $ (460) | $ 1,032 | $ 1,930 | $ 2,112 |
Less: restructuring expense | (2) | (3) | (30) | (25) | (25) | (24) | (2) | (1) | (6) | (30) | (49) | (62) | (5) | (8) | (66) | (64) | (86) | (187) |
Profit excluding restructuring expense (Non-GAAP) | $ (129) | $ 110 | $ 244 | $ (302) | $ (187) | $ 111 | $ 1,005 | $ 1,660 | $ 1,603 | $ 896 | $ 781 | $ 735 | $ (374) | $ (348) | $ (393) | $ 1,096 | $ 2,017 | $ 2,299 |
Profit margin (GAAP) | (3.3%) | 2.3% | 3.6% | (10.2%) | (8.4%) | 3.1% | 14.6% | 20.9% | 22.5% | 18.3% | 15.6% | 14.3% | 5.5% | 9.5% | 10.0% | |||
Profit margin excluding restructuring expense (Non-GAAP) | (3.2%) | 2.4% | 4.1% | (9.5%) | (7.4%) | 3.9% | 14.6% | 20.9% | 22.5% | 19.0% | 16.7% | 15.6% | 5.8% | 9.9% | 10.9% | |||
a) - Represents Total Corporate Items and Eliminations |
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GE - General Electric Company published this content on 27 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2021 22:51:00 UTC.