The company said total revenues rose $0.4 billion to $7.3 billion over the 3 months ended March 31, 2024, while its net loss was $(0.1) billion and its loss per share was $(0.47).

1. 01

   The company said total revenues rose $0.4 billion to $7.3 billion over the 3 months ended March 31, 2024, while its net loss was $(0.1) billion and its loss per share was $(0.47).

2. 02

   GE Vernova said operating cash flow was $(0.4) billion ($(0.7) billion in the same period a year earlier), free cash flow (non-GAAP) was $(0.7) billion ($(0.8) billion a year earlier), and Adjusted EBITDA (non-GAAP) was $0.2 billion for the 3 months ended March 31, 2024.

3. 03

   The company said it completed its separation from GE on April 2, 2024, and that GE contributed $515 million in cash and transferred $325 million in restricted cash, leaving cash of about $4,200 million at the time the separation was completed.

4. 04

   The company said it entered into a 5-year unsecured revolving credit facility with total commitments of $3,000 million on April 2, 2024. It also said that the maximum commitment to fund Prolec GE, if it is required to provide financing to satisfy note prepayment conditions, was $300 million as of March 31, 2024.

Key figures

Quarter ended March 31, 2024

Revenue

$7.3B

Operating income

−$289M

Net income

−$130M

Gross profit

$1.1B

Operating cash flow

−$444M

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.

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

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