other material
confidence high
sentiment neutral
materiality 0.60
GE files updated pro forma financials reflecting HealthCare spin-off; 2022 pro forma EPS $2.59
GENERAL ELECTRIC CO
- Pro forma 2022 revenue $58.1B, net earnings from continuing ops $2.8B, diluted EPS $2.59.
- Pro forma 2021 net loss from continuing ops $5.2B, diluted loss per share $4.78.
- GE retained 19.9% stake in GE HealthCare valued at $5.1B at spin-off.
- GE HealthCare incurred $10.2B debt; GE used $6.4B to repay its own debt.
- Pro forma balance sheet as of Dec 31, 2022: total assets $165.6B, equity $38.2B.