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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 4.86B | 0.5% |
| Gross Profit | 2.03B | 1.2% |
| Cost of Revenue | 1.03B | 4.2% |
| Operating expense | 1.35B | 3.2% |
| Net Income | 470M | 9.8% |
| EBITDA | 753M | 9.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 33.9B | 6.3% |
| Total Liabilities | 25.3B | 6.2% |
| Total Equity | 8.32B | 6.6% |
| Shares Outstanding | 457M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 512M | 530.3% |
| Cash from investing | -137M | 60.7% |
| Cash from financing | 914M | 1703.5% |
EPS
Financial Highlights for GE HealthCare in Q3 '24
GE HealthCare reported a revenue of 4.86B, which is a 0.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.03B, marking a 1.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.03B, a -4.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.35B, showing a -3.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 470M, showing a 9.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 753M, showing a 9.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for GE HealthCare with growth in revenue, gross profit, and net income.
