The company said its installed base of approximately 45,000 commercial engines and 25,000 military engines drives its aftermarket services business, which represents approximately 70% of revenue.

10-KAnnual reportFiled Feb 3, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

The company said its installed base of approximately 45,000 commercial engines and 25,000 military engines drives its aftermarket services business, which represents approximately 70% of revenue.
The company said Commercial Engines & Services was approximately 70% of total revenue for the year ended December 31, 2024, with services representing 74% of total Commercial Engines & Services revenue. It said Defense & Propulsion Technologies was approximately 25%, with services representing 56% of total Defense & Propulsion Technologies revenue.
The company said it completed the separation of its GE Vernova business into an independent publicly traded company on April 2, 2024. It said the historical results of GE HealthCare (separated on January 3, 2023) and GE Vernova, and certain assets and liabilities included in the separations, are reported in its consolidated financial statements as discontinued operations.
The company said it continues to have exposure to its run-off insurance operations and Bank BPH mortgage portfolio in Poland. It said that with a capital contribution in Q1 2024, it completed the contributions in connection with the statutory permitted practice approved in 2018 by the Kansas Insurance Department, but that future statutory testing of insurance reserves could require additional capital contributions.

Key figures

Fiscal year ended December 31, 2024

Revenue: $38.7B
Net income: $6.6B
EPS: $5.99
Operating cash flow: $4.7B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Installed Base and Aftermarket Services Revenue

The company said its installed base of approximately 45,000 commercial engines and 25,000 military engines drives its aftermarket services business, which represents approximately 70% of revenue.

Source · Based on the MD&A text of the filing

Revenue Mix of Two Reportable Segments

The company said Commercial Engines & Services was approximately 70% of total revenue for the year ended December 31, 2024, with services representing 74% of total Commercial Engines & Services revenue. It said Defense & Propulsion Technologies was approximately 25%, with services representing 56% of total Defense & Propulsion Technologies revenue.

Source · Based on the MD&A text of the filing

GE Vernova Separation Completed and Discontinued Operations Treatment

The company said it completed the separation of its GE Vernova business into an independent publicly traded company on April 2, 2024. It said the historical results of GE HealthCare (separated on January 3, 2023) and GE Vernova, and certain assets and liabilities included in the separations, are reported in its consolidated financial statements as discontinued operations.

Source · Based on the MD&A text of the filing

Run-off Insurance and Bank BPH Exposure

The company said it continues to have exposure to its run-off insurance operations and Bank BPH mortgage portfolio in Poland. It said that with a capital contribution in Q1 2024, it completed the contributions in connection with the statutory permitted practice approved in 2018 by the Kansas Insurance Department, but that future statutory testing of insurance reserves could require additional capital contributions.

Source · Based on the MD&A text of the filing

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.

View the original filing on SEC EDGAR ↗

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