secwatch.observer — SEC 8-K summary
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Issuer:     GENERAL ELECTRIC CO (GE)
CIK:        0000040545
Form:       8-K/A
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0000040545-23-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GE files pro forma financials for GE HealthCare spin-off; continuing ops show enlarged losses
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40545/000004054523000015/0000040545-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40545/000004054523000015/ge-20230103.htm
  HTML page:      https://secwatch.observer/filing/0000040545-23-000015

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