GE 10-K Annual Reports

GE Aerospace demonstrated robust financial performance in 2025, driven by strong revenue growth across both its Commercial Engines & Services (CES) and Defense & Propulsion Technologies (DPT) segments. Total revenue surged by 18% year-over-year, reaching $45.9 billion, with CES sales up 24% and DPT sales up 11%. This growth was fueled by increased engine deliveries, a healthy demand for aftermarket services, and strategic contract wins in the defense sector. Profitability also saw significant improvement, with net income from continuing operations attributable to common shareholders increasing to $8.6 billion. The company's free cash flow generation was substantial at $7.7 billion, supporting share repurchases and investments in future growth. GE Aerospace continues to invest heavily in research and development, particularly in next-generation technologies like the RISE program, positioning itself for long-term innovation and market leadership. The company also benefited from positive credit rating upgrades, reflecting its improved financial health.

General Electric Company (GE Aerospace) reported robust revenue growth for the fiscal year ending December 31, 2024, with total revenue reaching $38.7 billion, an increase of 9% year-over-year. This growth was primarily driven by the Commercial Engines & Services segment, which saw a 13% increase in revenue, fueled by higher spare parts volume, improved pricing, and increased shop visit workscope. The Defense & Propulsion Technologies segment also contributed positively with a 6% revenue increase. The company generated significant free cash flow of $6.1 billion in 2024, an increase from $4.7 billion in the prior year, reflecting strong operational performance and disciplined capital allocation. GE Aerospace also announced a new $15 billion share repurchase authorization, underscoring its commitment to returning capital to shareholders. Despite supply chain constraints impacting new engine deliveries, the company's extensive remaining performance obligation of $171.6 billion highlights strong future demand across its business segments.

General Electric Company (GE) reported a strong financial performance in 2023, marked by significant revenue growth and a substantial increase in earnings, driven by robust performance across all its operating segments, particularly Aerospace. The company's strategic plan to separate into three independent entities (GE Aerospace, GE Vernova, and GE HealthCare) has progressed, with the HealthCare business separation completed and plans for Vernova advancing. Revenue increased by 17% to $68.0 billion, with segment profit showing a notable rise. Free cash flow also saw a significant improvement, reaching $5.2 billion, up from $3.1 billion in the prior year. This enhanced cash generation was largely due to improved profitability and working capital management. The company continues to manage its debt effectively, with total borrowings decreasing. GE's outlook remains focused on executing its separation strategy while navigating economic headwinds, including inflation and supply chain challenges, through operational improvements and pricing adjustments.

General Electric (GE) reported total revenues of $76.6 billion for the fiscal year ended December 31, 2022, an increase of 3% year-over-year. The company achieved positive cash flow from operating activities of $5.9 billion and free cash flow of $4.8 billion, a significant improvement from the previous year. GE successfully completed the spin-off of its Healthcare business in January 2023, a major step in its plan to separate into three independent companies. The Aerospace segment saw substantial revenue and profit growth driven by the recovery in air travel, while the Power segment also showed improved profitability. The Renewable Energy segment, however, experienced increased losses due to cost inflation, product quality issues, and restructuring efforts. GE continues to navigate inflationary pressures and supply chain challenges across its businesses. The company is actively managing its debt and returned $1 billion to shareholders through share repurchases in 2022. Looking ahead, GE is focused on completing the spin-off of its energy businesses into GE Vernova, while strengthening its core operations and managing its financial structure to support long-term value creation.

General Electric (GE) filed its 2021 10-K on February 10, 2022, detailing a significant strategic transformation. The company announced plans to split into three distinct, publicly traded companies focused on Aviation, Healthcare, and a combined Renewable Energy, Power, and Digital business. This separation is intended to allow each entity greater focus, tailored capital allocation, and strategic flexibility. For the year ended December 31, 2021, GE reported total revenues of $74.2 billion, a decrease from the prior year, primarily driven by declines in its Aviation, Power, and Healthcare segments. The company also reported a net loss attributable to common shareholders of $(6.7) billion, impacted by significant debt extinguishment costs of $6.5 billion, offset by a gain on equity securities and higher segment profit. Despite revenue and net loss pressures, the company highlighted improvements in segment profit across Aviation, Power, and Healthcare, and a substantial increase in Free Cash Flow (FCF) to $1.9 billion from $0.6 billion in the prior year. The Aviation segment, while impacted by the pandemic, showed signs of recovery in market fundamentals, with global departures improving from 2020. The company also completed the significant GECAS business combination with AerCap, receiving substantial cash proceeds, and continued its debt reduction efforts, significantly lowering its total borrowings.

General Electric Company (GE) reported its 2020 fiscal year results, marked by significant impacts from the COVID-19 pandemic, particularly on its Aviation segment. Despite a substantial year-over-year revenue decline, GE demonstrated resilience through cost-saving measures and a notable reduction in borrowings, enhancing its liquidity position with $36.6 billion in cash and cash equivalents. The company completed the divestiture of its BioPharma business for $21.1 billion, contributing to a significant pre-tax gain. However, it also recorded substantial non-cash impairment charges related to goodwill and assets across its Aviation, Power, and Capital segments, largely driven by the pandemic's impact and strategic business exits. GE is actively managing its portfolio and de-leveraging its balance sheet, with consolidated borrowings reduced by $15.8 billion. Looking ahead, GE continues to navigate economic uncertainties while focusing on operational execution and strategic priorities, including advancements in its Renewable Energy and Healthcare segments. The company's ability to manage costs and cash flow, alongside its deleveraging efforts, will be critical for investor confidence in the near to medium term.

General Electric Company (GE) in 2019 continued its strategic transformation, focusing on streamlining its portfolio and improving operational execution. The company reported consolidated revenues of $95.2 billion, a slight decrease from the previous year, primarily due to declines in GE Capital revenues and corporate items, while its industrial segments showed growth. Significant portfolio actions included the spin-off of the Transportation segment and the agreement to sell the BioPharma business within Healthcare. Despite ongoing challenges in the Power segment, GE's Aviation and Healthcare segments demonstrated solid performance, driving industrial segment organic revenue growth. Financially, GE reported a net loss of $5.4 billion attributable to common shareholders, impacted by significant charges including an $8.7 billion loss on the deconsolidation of Baker Hughes and a $1.0 billion pre-tax charge related to an insurance premium deficiency. However, continuing operations saw a reduction in losses compared to the prior year, largely due to lower goodwill impairment charges. GE also focused on strengthening its balance sheet through debt reduction, ending the year with $47.9 billion in GE Industrial net debt.

General Electric (GE) in its 2018 10-K filing reported significant strategic shifts and financial challenges. The company faced a substantial net loss of $22.8 billion, largely driven by a $22.1 billion goodwill impairment charge, primarily in its Power segment, reflecting ongoing difficulties in that market. Despite a slight increase in consolidated revenues to $121.6 billion, driven by its Aviation and Oil & Gas segments, GE Industrial organic revenues saw minimal growth. The company announced significant portfolio actions, including agreements to sell its BioPharma business for $21.4 billion and the completion of its Transportation segment merger with Wabtec. These divestitures are part of a broader strategy to streamline operations and reduce leverage. The company also reduced its quarterly dividend to $0.01 per share, retaining approximately $4 billion annually. GE's new CEO, H. Lawrence Culp Jr., who took over in October 2018, is focused on improving operational execution and cost reduction across the company, particularly within the struggling Power segment. The financial results highlight the ongoing transformation efforts and the challenges faced in certain core industrial businesses.

General Electric (GE) in 2017 faced significant headwinds, reporting a substantial net loss of $(6.2) billion, or $(0.72) per share, a stark contrast to the prior year's profit. This downturn was primarily driven by considerable charges and impairments, including a $6.2 billion after-tax charge related to GE Capital's insurance business, alongside restructuring costs and impairments within its industrial segments. Consolidated revenues saw a slight decrease to $122.1 billion. Despite these challenges, GE continued its strategic portfolio reshaping, completing the combination of its Oil & Gas business with Baker Hughes and selling its Water business. The company also announced plans to exit over $20 billion of assets in 2018-2019. Management acknowledged that 2017 results were below expectations, attributing the decline to softer market demands in Power, restructuring costs, and significant corporate charges, particularly related to the insurance business review. The company is focused on cost reduction, operational improvements, and strengthening its cash position for 2018.

General Electric Company (GE) reported its 2016 annual results, highlighting a significant transformation driven by portfolio adjustments, including the acquisition of Alstom and the divestiture of its Appliances business. The company continued its GE Capital Exit Plan, substantially completing the dispositions of its financial services businesses, which led to a significant reduction in GE Capital's total assets and a substantial decrease in Financial Services losses. Industrial segments showed mixed performance, with Power and Aviation demonstrating revenue growth, while Oil & Gas experienced declines due to lower commodity prices. GE's strategic focus on becoming a simpler, more valuable digital industrial company was evident in its investments in digital capabilities and additive manufacturing, alongside efforts to improve operational efficiency and cost structures across its segments.

General Electric Company's (GE) 2015 10-K filing reveals a significant strategic shift with the ongoing execution of the GE Capital Exit Plan, aimed at simplifying the company and focusing on its industrial businesses. This plan involved divesting the majority of GE Capital's assets, leading to substantial charges and changes in the company's financial structure. Despite a reported net loss for the year, driven largely by these restructuring charges, GE's industrial segments demonstrated resilience, with growth in key areas like Aviation and positive organic revenue growth overall. The company successfully acquired Alstom's thermal, renewables, and grid businesses, bolstering its Power and Renewable Energy segments. However, this acquisition, coupled with currency headwinds and challenges in the Oil & Gas sector due to lower commodity prices, impacted overall consolidated revenues. Investors will be closely watching the continued progress of the GE Capital divestiture and the integration of Alstom to understand the long-term financial and operational trajectory of the transformed GE.

General Electric Company (GE) reported its fiscal year 2014 results, showcasing a diversified business model with a significant industrial and financial services segment. The company experienced an increase in consolidated revenues and a slight uptick in net earnings attributable to common shareowners. Key strategic developments during the year included progress on the planned exit from its North American Retail Finance business, Synchrony Financial, and significant acquisitions and divestitures across various industrial segments, such as the Alstom acquisition, the sale of its Appliances business, and the acquisition of Milestone Aviation Group. The company continued its focus on returning capital to shareholders through dividends and share repurchases, while also managing its financial services segment with a goal to reduce its End Net Investment (ENI). The industrial segments, particularly Aviation and Oil & Gas, demonstrated strong revenue and profit growth, driven by increased volume and productivity. However, the company noted challenges in certain sectors due to macroeconomic factors and currency fluctuations. GE Capital continued its strategic repositioning, with a target to reduce its ENI, which is expected to impact short-term earnings but improve long-term performance. The report also highlights the company's commitment to risk management and compliance across its global operations.

General Electric (GE) reported its 2013 fiscal year results in this 10-K filing, a period characterized by strategic repositioning and operational adjustments across its diverse industrial and financial services segments. The company's performance reflects a continued focus on industrial growth, particularly in sectors like aviation, power, and healthcare, while navigating the complexities of its GE Capital segment. Investors should note GE's efforts to streamline its portfolio and improve profitability within its core industrial businesses, which are crucial for long-term value creation. The filing provides a comprehensive overview of GE's financial condition, results of operations, and risk factors. Key areas of discussion likely include revenue generation, operating margins, cash flow generation, and balance sheet strength. Investors will want to pay close attention to management's outlook and strategies for enhancing shareholder returns, managing debt, and capitalizing on emerging market opportunities. The company's commitment to innovation and its investments in research and development are also significant factors for assessing its future competitive position.

General Electric (GE) filed its 2012 10-K report on February 25, 2013, detailing its performance and financial standing for the fiscal year ending December 30, 2012. The report provides a comprehensive overview of the company's diverse business segments, including aviation, healthcare, energy, and infrastructure, highlighting their contributions to overall revenue and profitability. Investors can glean insights into GE's strategic direction, operational efficiencies, and its approach to managing risks inherent in its global operations. The filing serves as a crucial resource for understanding GE's competitive landscape and its outlook for the upcoming fiscal year. The Management's Discussion and Analysis (MD&A) section is particularly important, offering management's perspective on the company's financial condition, results of operations, and key drivers of performance. Investors should pay close attention to discussions on revenue growth, cost management, cash flow generation, and any significant acquisitions or divestitures. Furthermore, the report outlines the company's risk factors, providing transparency into potential challenges that could impact future performance, such as economic volatility, regulatory changes, and competitive pressures. The financial statements and notes offer a detailed look at the company's balance sheet, income statement, and cash flow statement, enabling a thorough assessment of its financial health.

General Electric Company's (GE) 2011 10-K filing reveals a company navigating a complex global economic landscape, with a focus on industrial growth and the ongoing integration of its acquisitions. The report highlights GE's diversified business segments, including Power & Water, Oil & Gas, and Aviation, which form the core of its industrial operations. While the company demonstrated resilience, it also faced challenges related to global economic uncertainty, fluctuating commodity prices, and regulatory environments impacting its various sectors. Investors should pay close attention to the performance of its industrial segments as a key driver of future profitability and cash flow. The filing underscores GE's commitment to innovation and strategic capital allocation, including share repurchases and dividend payments, signaling confidence in its future prospects. However, the report also details significant risks, such as potential disruptions in global supply chains, currency fluctuations, and the impact of environmental regulations. The company's financial health, particularly its debt levels and liquidity, remains a critical area for investor scrutiny. Management's discussion and analysis provide insights into the strategic initiatives aimed at enhancing operational efficiency and driving organic growth.

In its 2010 annual report filed in early 2011, General Electric Company (GE) demonstrated resilience following the challenging economic climate of the preceding years. The company reported an increase in earnings from continuing operations attributable to the company, a 15% rise in 2010 compared to 2009, signaling a stabilization in both industrial and financial services sectors. GE Capital, a significant segment, saw its earnings from continuing operations attributable to the Company increase substantially, driven by improved margins and lower provisions for losses on financing receivables, supported by GE Capital's strategic focus on repositioning as a more focused finance company with reduced asset levels. The company continued to invest in market-leading technologies across its key infrastructure segments, including Energy and Technology. Notably, NBC Universal, while undergoing significant restructuring with a transfer of assets to a new entity in partnership with Comcast, showed revenue growth. GE also highlighted its commitment to returning value to shareholders, with a Board-approved increase in its quarterly dividend, reflecting confidence in its strong backlog and projected economic improvements.

General Electric Company (GE) in 2009 navigated a challenging economic landscape, reporting consolidated revenues of $84.3 billion, a decrease from $97.2 billion in 2008. The company's diversified business segments, including Energy Infrastructure, Technology Infrastructure, NBC Universal, Capital Finance, and Consumer & Industrial, all experienced impacts from the weakened global economy. GE Capital, the financial services arm, saw a significant decline in earnings, down 80% in 2009, reflecting broader financial market disruptions, increased loan loss provisions, and a strategic initiative to reduce its ending net investment. Despite these challenges, GE maintained its focus on core industrial businesses and initiated strategic actions such as the planned sale of NBC Universal to Comcast, which would result in GE owning a 49% stake in the new entity. GE continued to invest in research and development, totaling $3.3 billion in 2009, with a significant portion allocated to its Technology Infrastructure segment, particularly in Aviation. The company also took steps to strengthen its liquidity position, including reducing its dividend and managing its commercial paper borrowings. While facing headwinds, GE expressed optimism about a potential stabilization in the global economy and a strong backlog positioning it for future growth.

In 2008, General Electric (GE) demonstrated resilience amidst challenging global economic and financial conditions, with consolidated revenues increasing to $182.5 billion. The company navigated significant market volatility, particularly impacting its Capital Finance segment, which saw earnings decline due to disruptions in capital markets and rising unemployment. Despite these headwinds, GE's industrial segments, including Energy Infrastructure and Technology Infrastructure, showed revenue growth driven by strong demand and strategic acquisitions. GE continued its strategy of operational focus and capital allocation, including the disposition of non-strategic businesses. The company's liquidity position was actively managed, with efforts to reduce commercial paper borrowings and leverage government support programs. While GE maintained its strong industrial performance, investors closely watched the financial services arm's performance and the company's ability to maintain its 'AAA' credit ratings amidst market uncertainty.

General Electric (GE) filed its 2007 10-K on February 19, 2008, reporting significant revenue growth to $86.5 billion in 2007, up from $70.8 billion in 2006. The company highlighted its diverse business segments, including Infrastructure, Commercial Finance, GE Money, Healthcare, NBC Universal, and Industrial, serving customers in over 100 countries with a workforce exceeding 300,000. While the report details various operational aspects and competitive landscapes, it also discloses ongoing investigations by the SEC and DOJ, particularly concerning revenue recognition practices. GE acknowledged that these investigations, alongside identified internal control deficiencies related to revenue recognition, warranted significant remediation efforts, though management concluded these did not constitute a material weakness. Investors should note the company's active share repurchase program and its commitment to maintaining high credit ratings, crucial for its cost of capital.

General Electric Company (GE) filed its 2006 10-K report on February 27, 2007. While the full financial statements are incorporated by reference into the Annual Report to Shareowners, this filing provides key insights into the company's market performance, shareholder activities, and internal controls. Investors will note GE's consistent stock performance relative to major indices over a five-year period and significant share repurchase activity. The company also disclosed a material weakness in its internal controls related to the designation of hedged commercial paper transactions, which led to a restatement of financial results.

This amended 10-K filing for General Electric Company (GE) for the period ending December 30, 2005, reflects a restatement of financial statements due to an accounting error related to interest rate swap transactions used in GE Capital's commercial paper hedging program. The restatement, while not impacting cash flows or liquidity, adjusted prior-period earnings. Despite this, GE demonstrated robust revenue growth, reaching $150.2 billion in 2005, driven by its diversified segments including Infrastructure, Industrial, Healthcare, NBC Universal, Commercial Finance, and Consumer Finance. The company continued its focus on strategic acquisitions, innovation, and returning value to shareholders through dividends and share repurchases, while also managing significant environmental remediation liabilities, notably concerning the Hudson River PCBs. The company's operational performance was characterized by growth across most segments, with notable expansion in Healthcare and NBC Universal, largely through acquisitions. The financial services segments (Commercial Finance and Consumer Finance) also showed strong performance. The Infrastructure segment navigated challenges in the energy and aviation markets with strategic investments in growth areas like wind power and advanced locomotive technology. GE maintained strong credit ratings, which are crucial for its cost of capital and access to funding. The filing also highlights ongoing investigations by the SEC into hedge accounting practices.

This 10-K filing for General Electric (GE) for the fiscal year ending December 31, 2005, provides a snapshot of the company's market performance, executive team, and financial reporting structure as of early 2006. While the filing largely incorporates detailed financial information by reference to its Annual Report to Shareowners, it highlights GE's common stock trading on major exchanges and details significant share repurchase activities. The company actively engaged in repurchasing its shares throughout 2005, demonstrating a commitment to returning capital to shareholders, with a substantial remaining authorization for future buybacks. Management affirmed the effectiveness of the company's disclosure controls and procedures and its internal control over financial reporting as of December 31, 2005. The filing also lists the company's extensive executive leadership team, underscoring the depth of experience within GE's management. Investors should note that comprehensive financial statements, management's discussion and analysis, and details on market risk are available in the referenced Annual Report to Shareowners.

This filing is an amendment to General Electric Company's (GE) 2004 10-K report, primarily addressing a restatement of financial statements for 2001-2004 due to accounting errors related to derivative transactions within GE Capital Corporation (GECC). These errors stemmed from the improper application of hedge accounting under SFAS 133, impacting the recognition of gains and losses from interest rate and currency swaps. The company is updating its financial information for the years 2001 through 2004 and quarters within 2003 and 2004. Despite the restatement, GE reported robust revenue growth in 2004, reaching $152.8 billion, driven by strong performance across its diverse industrial and financial services segments, including significant acquisitions in Healthcare (Amersham) and Media (NBC Universal). The company also highlights its commitment to shareholder returns through increasing dividends and share repurchases, and its ongoing strategic focus on portfolio transformation. Significant segment performance is noted, with Finance businesses (Commercial and Consumer Finance) showing strong earnings growth, Healthcare experiencing substantial revenue increases due to acquisitions, and Energy and Insurance segments navigating challenging market conditions and evolving economic environments. Overall, GE demonstrates a strategy of diversification and global reach, seeking to balance growth with risk management across its extensive business operations.

General Electric Company's (GE) 2004 Form 10-K report showcases a year of significant revenue growth, reaching $71.8 billion, up from $60.8 billion in 2003. This expansion was driven by performance across its diverse operating segments, including strong contributions from Energy, Healthcare, and the newly formed NBC Universal. Strategic acquisitions and divestitures played a role in shaping the company's portfolio, with notable acquisitions in Commercial Finance and Healthcare. GE also continued its commitment to innovation, with substantial investments in research and development. The company's financial health appears robust, supported by ongoing share repurchase programs and a strong market position across its various business units. Investors should note GE's continued emphasis on operational efficiency, technological advancement, and global market expansion as key drivers for future performance.

General Electric (GE) in its 2003 10-K filing reveals a diversified industrial giant with significant operations across multiple sectors. The company highlights strong international revenue growth, reaching $60.8 billion in 2003. Key business segments include Power Systems, GE Capital (comprising Commercial Finance and Consumer Finance), Insurance, and Aircraft Engines, which collectively represent substantial portions of the company's revenue and profit drivers. The filing also underscores GE's commitment to research and development, with significant investments of $2.656 billion in 2003, primarily focused on Aircraft Engines, Medical Systems, and Power Systems. Notably, the company outlines plans for the initial public offering (IPO) of its insurance businesses under the name Genworth Financial, Inc., signaling a strategic shift to focus capital on other areas. GE emphasizes its ongoing adaptation to competitive markets through technological innovation, product development, and strategic acquisitions across various segments.

General Electric Company (GE) reported its annual results for the fiscal year ending December 30, 2002. As a highly diversified industrial conglomerate, GE operates across a vast array of sectors, including Aircraft Engines, Commercial Finance, Consumer Finance, Consumer Products, Equipment Management, Insurance, NBC, Power Systems, Materials, and Industrial Products and Systems. The company's extensive global reach and product diversity position it as a significant player in multiple industries. Investors should note the detailed segment reporting provided, which outlines the performance and competitive landscape of each business unit. The company emphasizes its commitment to research and development, with substantial investments across key segments like Aircraft Engines and Medical Systems, reflecting a strategy to maintain technological leadership and competitive advantage in evolving markets. Despite the broad diversification, the filing highlights the competitive nature of GE's markets and the impact of economic conditions on various segments, particularly in finance and consumer products. GE's significant investment in financial services through GE Capital is a core component of its business. The company also maintains a substantial workforce and continues to navigate regulatory environments across its diverse operations. Investors should pay attention to management's discussion and analysis for detailed insights into financial condition and operational results, as well as market risks, which are referenced in detail within the accompanying Annual Report to Share Owners.

General Electric Company's 2000 10-K filing reveals a robust financial performance, driven by record revenues and earnings, up 16% and 19% respectively, reaching $129.9 billion and $12.7 billion. This growth was fueled by strong performance across its diverse segments, particularly Power Systems and Medical Systems, and significant contributions from its financial services arm, GE Capital Services (GECS). The company demonstrated a commitment to shareholder returns, increasing dividends by 17% year-over-year, marking 25 consecutive years of dividend growth. The filing highlights GE's strategic focus on globalization, services growth, Six Sigma quality, and e-business as key drivers for its success. The company also reported significant investments in research and development ($2.2 billion), underscoring its commitment to innovation. While the company is navigating various market dynamics, including international economic conditions and evolving regulatory landscapes, its strong operational execution and diversified business model position it favorably for continued growth.

This 1994 10-K filing for General Electric Company (GE) covers the fiscal year ending December 30, 1993. While the provided text is primarily navigation and metadata from the SEC's Edgar archive, it indicates a period of significant activity for GE. As a diversified industrial conglomerate, GE likely presented a complex financial picture across its various business segments including financial services, broadcasting, and industrial products. Investors would be keen to understand the company's revenue streams, profitability trends, debt levels, and any significant acquisitions or divestitures during the reporting year. Investors should pay close attention to the performance of GE's core industrial businesses, the health of its financial services arm (e.g., GE Capital), and any strategic shifts announced. The filing would also detail the company's outlook, risk factors, and management's discussion and analysis of financial condition and results of operations. Given GE's historical reputation for operational excellence and strategic acquisitions under Jack Welch during this era, the 1993 performance and future guidance would be critical for evaluating the company's ongoing value proposition.