General Electric (GE) FY2022 results: revenue $29.1 billion, down 48.4% on the year
General Electric Co. (GE) reported revenue of $29.1 billion for fiscal 2022, the year ended 31 December 2022, down 48.4% on the year before. Net income was $336 million, and diluted earnings per share $-0.05. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2023.
Revenue
$29.1 billion
-48.4% on the year
FY2015FY2022
Operating margin
2.4%
-14.9% a year earlier
FY2015FY2022
Net income
$336 million
FY2015FY2022
Diluted EPS
-$0.05
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
5,916
3,481
3,411
+70.0%
Capital expenditure
1,061
1,007
1,323
+5.4%
Free cash flow
4,855
2,474
2,088
+96.2%
Free cash flow margin
16.7%
4.4%
3.6%
Cash from investing
2,270
21,379
17,062
-89.4%
Cash from financing
-5,585
-45,397
-20,086
Depreciation and amortisation
846
1,622
1,895
-47.8%
Share-based compensation
143
305
353
-53.1%
Buybacks
1,048
107
n/a
+879.4%
Dividends paid
639
575
648
+11.1%
Dividend per share
$0.32
$0.32
$0.32
0.0%
Diluted shares, weighted
1,101m
1,098m
1,095m
+0.3%
Shares outstanding at period end
1,089m
1,099m
1,096m
-0.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
33,696
32,044
35,552
+5.2%
Non-controlling interest
1,216
1,302
1,522
-6.6%
Redeemable equity
132
148
487
-10.8%
Debt
24,059
35,114
74,902
-31.5%
Operating lease liabilities
2,089
2,496
3,195
-16.3%
Other liabilities
127,659
134,274
140,553
-4.9%
Total liabilities and equity
188,851
205,378
256,211
-8.0%
Fixed assets
n/a
n/a
44,662
Goodwill
8,835
13,303
13,669
-33.6%
Intangible assets
6,105
7,483
9,671
-18.4%
Investments
36,048
42,209
42,549
-14.6%
Cash and equivalents
15,810
15,174
36,530
+4.2%
Receivables
14,831
12,579
16,691
+17.9%
Inventory
14,891
13,539
15,890
+10.0%
Other assets
92,331
101,091
76,549
-8.7%
Total assets
188,851
205,378
256,211
-8.0%
10-K for the year ended 31 December 2022, filed 10 February 2023: the filing.