Summary
General Electric Company (GE) has filed an 8-K report detailing the completion of its previously announced separation of GE Vernova Inc. effective April 2, 2024. Following this spin-off, General Electric Company now operates exclusively as GE Aerospace. The report clarifies that GE Vernova's historical results and related assets/liabilities will be classified as discontinued operations starting in the second quarter of 2024. This filing provides preliminary, unaudited supplemental financial information to reflect this reclassification for all periods of 2023, which is available in Exhibit 99.1. Investors should note that this information is furnished and does not revise previously filed financial statements.
Key Highlights
- 1Completion of GE Vernova spin-off effective April 2, 2024.
- 2General Electric Company now operates solely as GE Aerospace.
- 3GE Vernova's historical results to be reported as discontinued operations from Q2 2024 onwards.
- 4Filing includes preliminary, unaudited supplemental financial information for 2023.
- 5Supplemental information reflects the reclassification of GE Vernova's business.
- 6This 8-K provides supplemental data and does not restate prior official financial filings.
- 7GE Vernova common stock now trades on the NYSE under the ticker symbol 'GEV'.
Frequently Asked Questions
The primary purpose of this 8-K filing is to inform investors about the completion of the separation of GE Vernova Inc. and to provide preliminary unaudited supplemental financial information reflecting GE Vernova's reclassification into discontinued operations for GE's historical financial statements.
Following the separation of GE Vernova, General Electric Company now operates as GE Aerospace, focusing exclusively on its aerospace business.
GE Vernova's historical results, along with certain assets and liabilities included in the separation, will be reported as discontinued operations beginning in the second quarter of 2024.
No, this filing provides preliminary unaudited supplemental financial information for informational purposes and does not revise or restate any previously filed Consolidated Statements of Financial Position, Statements of Earnings, Statements of Cash Flows, or Non-GAAP Financial Measures.