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AI English summary of an SEC filing — figures as filed

GE Aerospace logoGE Aerospace GE

GE said total revenues (GAAP) were $19.4B (+15%) in Q4 2023 and $68.0B (+17%) for the full year. Adjusted revenues were $18.5B in Q4 and $64.6B for the year.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. GE said total revenues (GAAP) were $19.4B (+15%) in Q4 2023 and $68.0B (+17%) for the full year. Adjusted revenues were $18.5B in Q4 and $64.6B for the year.

  2. The company said operating cash flow (GAAP) for the full year 2023 was $5,570 million, and free cash flow was $5,150 million. In Q4, operating cash flow was $3,216 million and free cash flow was $2,961 million.

  3. GE said GE Aerospace segment orders for the full year 2023 were $38,077 million, revenues were $31,770 million, and segment profit was $6,115 million. The segment profit margin was 19.2%.

  4. GE said GE Aerospace expects adjusted revenue to grow low double digits or more in 2024, operating profit of $6.0 billion to $6.5 billion, and free cash flow of greater than $5 billion.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 2023 and Full-Year Total Revenue and Adjusted Revenue

GE said total revenues (GAAP) were $19.4B (+15%) in Q4 2023 and $68.0B (+17%) for the full year. Adjusted revenues were $18.5B in Q4 and $64.6B for the year.

Source · Based on the filing body and exhibits

Full-year free cash flow and operating cash flow

The company said operating cash flow (GAAP) for the full year 2023 was $5,570 million, and free cash flow was $5,150 million. In Q4, operating cash flow was $3,216 million and free cash flow was $2,961 million.

Source · Based on the filing body and exhibits

GE Aerospace full-year segment results

GE said GE Aerospace segment orders for the full year 2023 were $38,077 million, revenues were $31,770 million, and segment profit was $6,115 million. The segment profit margin was 19.2%.

Source · Based on the filing body and exhibits

GE Aerospace full-year 2024 outlook

GE said GE Aerospace expects adjusted revenue to grow low double digits or more in 2024, operating profit of $6.0 billion to $6.5 billion, and free cash flow of greater than $5 billion.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.