GE 2023 10-K Filed: Debt Structure & Revenue Mix Detailed
Ticker: GE · Form: 10-K · Filed: 2024-02-02T00:00:00.000Z
Sentiment: neutral
Topics: earnings, debt, annual-report
TL;DR
**GE's 2023 10-K is out, showing their debt and revenue breakdown.**
AI Summary
General Electric Co. (GE) filed its 10-K for the fiscal year ending December 31, 2023, on February 2, 2024. The filing details GE's financial performance and operational structure, including specific debt obligations like the 0.875% Notes Due 2025 and 1.875% Notes Due 2027. This matters to investors because it provides a comprehensive look at the company's financial health, its ability to manage debt, and its revenue breakdown between products and services, which are crucial for assessing future growth and dividend potential.
Why It Matters
This filing offers a deep dive into GE's financial state, revealing how it manages its debt and generates revenue, which directly impacts its stock valuation and investor confidence.
Risk Assessment
Risk Level: medium — GE has significant debt obligations, such as the 0.875% Notes Due 2025, which could pose a risk if not managed effectively, though the overall financial picture requires deeper analysis.
Analyst Insight
An investor should review the detailed financial statements within the 10-K, particularly the debt schedules and revenue segmentation for products and services, to understand GE's financial stability and growth drivers before making investment decisions.
Key Numbers
- 2023-12-31 — Fiscal Year End (The period covered by this 10-K filing.)
- 0000040545 — Central Index Key (CIK) (Unique identifier for GENERAL ELECTRIC CO with the SEC.)
- 001-00035 — SEC File Number (The SEC's internal tracking number for GE's filings.)
- 199 — Public Document Count (The number of documents included in this filing.)
- 20240202 — Filed As Of Date (The date the 10-K was officially filed with the SEC.)
Key Players & Entities
- GENERAL ELECTRIC CO (company) — the filer of the 10-K
- 0.875% Notes Due 2025 (dollar_amount) — a specific debt obligation of GE
- 1.875% Notes Due 2027 (dollar_amount) — a specific debt obligation of GE
- December 31, 2023 (date) — the end of the fiscal year reported
- February 2, 2024 (date) — the filing date of the 10-K
Forward-Looking Statements
- GE will continue to manage its debt obligations, with the 0.875% Notes Due 2025 likely to be a focus for repayment or refinancing in the near term. (GENERAL ELECTRIC CO) — medium confidence, target: 2025-12-31
- GE's revenue mix between products and services will remain a key area of investor scrutiny, influencing future strategic decisions. (GENERAL ELECTRIC CO) — high confidence, target: 2024-12-31
FAQ
What is the fiscal year-end reported in this 10-K filing for General Electric Co.?
The fiscal year-end reported in this 10-K filing for General Electric Co. is December 31, 2023, as indicated by 'CONFORMED PERIOD OF REPORT: 20231231'.
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted to the SEC on February 2, 2024, as stated by 'FILED AS OF DATE: 20240202'.
What are some specific debt instruments mentioned in the filing for General Electric Co.?
The filing mentions specific debt instruments such as 'ge:A0.875NotesDue2025Member' and 'ge:A1.875NotesDue2027Member', indicating 0.875% Notes Due 2025 and 1.875% Notes Due 2027, respectively.
What is the Central Index Key (CIK) for General Electric Co.?
The Central Index Key (CIK) for General Electric Co. is 0000040545, as listed under 'CENTRAL INDEX KEY: 0000040545'.
What is the primary business address for General Electric Co. as per this filing?
The primary business address for General Electric Co. is ONE FINANCIAL CENTER, SUITE 3700, BOSTON, MA 02111, as detailed in the 'BUSINESS ADDRESS' section of the filing.
From the Filing
0000040545-24-000027.txt : 20240202 0000040545-24-000027.hdr.sgml : 20240202 20240202063130 ACCESSION NUMBER: 0000040545-24-000027 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 199 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240202 DATE AS OF CHANGE: 20240202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL ELECTRIC CO CENTRAL INDEX KEY: 0000040545 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 140689340 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00035 FILM NUMBER: 24588745 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CENTER STREET 2: SUITE 3700 CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 617-443-3000 MAIL ADDRESS: STREET 1: ONE FINANCIAL CENTER STREET 2: SUITE 3700 CITY: BOSTON STATE: MA ZIP: 02111 10-K 1 ge-20231231.htm 10-K ge-20231231 false 0000040545 FY 2023 http://fasb.org/us-gaap/2023#ResearchAndDevelopmentExpense http://fasb.org/us-gaap/2023#ResearchAndDevelopmentExpense http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://www.ge.com/20231231#PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://www.ge.com/20231231#PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpense 0.333 http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations 0000040545 2023-01-01 2023-12-31 0000040545 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0000040545 ge:A0.875NotesDue2025Member 2023-01-01 2023-12-31 0000040545 ge:A1.875NotesDue2027Member 2023-01-01 2023-12-31 0000040545 ge:A1.500NotesDue2029Member 2023-01-01 2023-12-31 0000040545 ge:A7.5GuaranteedSubordinatedNotesDue2035Member 2023-01-01 2023-12-31 0000040545 ge:A2.125NotesDue2037Member 2023-01-01 2023-12-31 0000040545 2023-06-30 iso4217:USD 0000040545 2024-01-15 xbrli:shares 0000040545 us-gaap:ProductMember 2023-01-01 2023-12-31 0000040545 us-gaap:ProductMember 2022-01-01 2022-12-31 0000040545 us-gaap:ProductMember 2021-01-01 2021-12-31 0000040545 us-gaap:ServiceMember 2023-01-01 2023-12-31 0000040545 us-gaap:ServiceMember 2022-01-01 2022-12-31 0000040545 us-gaap:ServiceMember 2021-01-01 2021-12-31 0000040545 2022-01-01 2022-12-31 0000040545 2021-01-01 2021-12-31 iso4217:USD xbrli:shares 0000040545 2023-12-31 0000040545 2022-12-31 0000040545 2021-12-31 0000040545 2020-12-31 0000040545 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000040545 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0000040545 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0000040545 us-gaap:AccumulatedTranslationAdjustmentMember 2023-01-01 2023-12-31 0000040545 us-gaap:AccumulatedTranslationAdjustmentMember 2022-01-01 2022-12-31 0000040545 us-gaap:AccumulatedTranslationAdjustmentMember 2021-01-01 2021-12-31 0000040545 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-01-01 2023-12-31 0000040545 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2022-01-01 2022-12-31 0000040545 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2021-01-01 2021-12-31 0000040545 ge:AccumulatedGainLossNetCashFlowHedgeAndDebtSecuritiesAvailableForSaleParen