General Electric 10-Q 2025-03-31

Filed 2025-04-22. 6 sections, 197K characters. Original on sec.gov · Markdown · JSON

Cover and table of contents

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2025

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____ to ____

Commission file number 001-00035

GENERAL ELECTRIC COMPANY

(Exact name of registrant as specified in its charter)


New York			14-0689340
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)

1 Neumann Way	Evendale	OH	45215
(Address of principal executive offices)			(Zip Code)

(Registrant’s telephone number, including area code) (617) 443-3000

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, par value $0.01 per share	GE	New York Stock Exchange
0.875% Notes due 2025	GE 25	New York Stock Exchange
1.875% Notes due 2027	GE 27E	New York Stock Exchange
1.500% Notes due 2029	GE 29	New York Stock Exchange
7 1/2% Guaranteed Subordinated Notes due 2035	GE /35	New York Stock Exchange
2.125% Notes due 2037	GE 37	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):


Large accelerated filer	☑	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

There were 1,066,386,643 shares of common stock with a par value of $0.01 per share outstanding at March 31, 2025.

TABLE OF CONTENTS


			Page

Forward-Looking Statements			3
About GE Aerospace			4
Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A)			4
Consolidated Results			4
Segment Operations			5
Corporate & Other			7
Other Consolidated Information			7
Capital Resources and Liquidity			8
Critical Accounting Estimates			10
Other Items			10
Non-GAAP Financial Measures			10
Controls and Procedures			13
Other Financial Data			13






Financial Statements and Notes			14
Statement of Operations			14
Statement of Financial Position			15
Statement of Cash Flows			16
Statement of Comprehensive Income (Loss)			17
Statement of Changes in Shareholders' Equity			17
Note 1 Basis of Presentation and Summary of Significant Accounting Policies			18
Note 2 Discontinued Operations			18
Note 3 Investment Securities			19
Note 4 Current and Long-Term Receivables			21
Note 5 Inventories, Including Deferred Inventory Costs			21
Note 6 Property, Plant and Equipment and Operating Leases			21
Note 7 Goodwill and Other Intangible Assets			22
Note 8 Contract and Other Deferred Assets, Contract Liabilities and Deferred Income & Progress Collections			[22](#icc70ae00a4e14fed9da6

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Item 3. Quantitative and Qualitative Disclosures About Market Risk 9, 28-29

Item 1. Legal Proceedings 30

Item 1A. Risk Factors Not applicable(a)

Item 4. Mine Safety Disclosures Not applicable

Item 5. Other Information Not applicable

(a) For a discussion of our risk factors, refer to our Annual Report on Form 10-K for the year ended December 31, 2024.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


April 22, 2025						/s/ Robert Giglietti
Date						Robert Giglietti Vice President - Chief Accounting Officer, Controller and Treasurer Principal Accounting Officer

32 2025 1Q FORM 10-Q