other material
confidence high
sentiment neutral
materiality 0.65
GE files pro forma financials for GE HealthCare spin-off; continuing ops show enlarged losses
GENERAL ELECTRIC CO
- Pro forma revenues for nine months ended Sep 30, 2022: $41.3B vs reported $54.8B.
- Pro forma net loss from continuing ops attributable to GE common: $2.7B ($2.44/share) for nine months ended Sep 2022.
- GE HealthCare issued $10.2B in debt; $8.9B distributed to GE, which repaid $6.4B of GE debt.
- GE retained a 19.9% ownership interest in GE HealthCare valued at $5.1B ($56.00/share opening price).
- Historical results of GE HealthCare will be reported as discontinued operations starting Q1 2023.