GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts.

GE Vernova Inc.

Net Income

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Depreciation and Amortization of Property, Plant, and Equipment

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Amortization of Intangible Assets

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Gains on Purchases and Sales of Business Interests

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Principal Pension Plans - Net

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Provision for Income Taxes

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Cash Recovered During the Year for Income Taxes

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Change in Current Receivables

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Change in Due from Related Parties

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Change in Inventories, Including Deferred Inventory Costs

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Change in Current Contract Assets

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Change in Accounts Payable and Equipment Project Payables

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Change in Due to Related Parties

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Change in Contract Liabilities and Current Deferred Income

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All Other Operating Activities

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Cash from Operating Activities

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Additions to Property, Plant, and Equipment and Internal-Use Software

Additions to Property, Plant, and Equipment and Internal-Use Software %Chg

Additions to Property, Plant, and Equipment and Internal-Use Software Common Size

Dispositions of Property, Plant, and Equipment

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Dispositions of Property, Plant, and Equipment Common Size

Purchases of and Contributions to Equity Method Investments

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Sales of and Distributions from Equity Method Investments

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Proceeds from Principal Business Dispositions

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All Other Investing Activities

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Cash from Investing Activities

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Change in Borrowings of Maturities of 90 Days or Less

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Transfers from Parent

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Dividends Paid to Stockholders

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All Other Financing Activities

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Cash from Financing Activities

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Effect of Currency Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash

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Change in Cash, Cash Equivalents, and Restricted Cash Including Cash Classified Within Assets Held for Sale

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Less: Change in Cash Classified Within Assets Held for Sale

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Change in Cash, Cash Equivalents, and Restricted Cash

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Cash, Cash Equivalents, and Restricted Cash at Beginning of Year

Depreciation & Amortization

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Other Adjustments

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Changes in Trade Receivables

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Changes in Inventories

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Changes in Accounts Payable

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Changes in Income Taxes Payable

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Changes in Unearned Revenue

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Changes in Other Operating Activities

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Capital Expenditure

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Proceeds from Sale of Property, Plant & Equipment

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Purchases of Investments

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Proceeds from Sale of Investments

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Operating Activities	LTM	Dec '24	Dec '23	Dec '22
Net Income	1,693	1,559	-474	-2,722
Net Income
Depreciation & Amortization	892	1,172	964	1,797
Depreciation and Amortization of Property, Plant, and Equipment
Amortization of Intangible Assets
Other Adjustments	157	-874	-583	21
Gains on Purchases and Sales of Business Interests
Principal Pension Plans - Net
Other Postretirement Benefit Plans - Net
Provision for Income Taxes
Changes in Trade Receivables	-750	-1,297	-839	-874
Change in Current Receivables
Change in Due from Related Parties
Changes in Inventories	-537	-641	-240	-949
Change in Inventories, Including Deferred Inventory Costs
Changes in Accounts Payable	1,028	668	-716	767
Change in Accounts Payable and Equipment Project Payables
Change in Due to Related Parties
Changes in Income Taxes Payable	-813	-623	-2	-91
Cash Recovered During the Year for Income Taxes
Changes in Unearned Revenue	3,558	2,799	2,812	1,282
Change in Contract Liabilities and Current Deferred Income
Changes in Other Operating Activities	-1,393	-180	264	655
Change in Current Contract Assets
All Other Operating Activities
Cash from Operating Activities	3,429	2,583	1,186	-114
Cash from Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22
Capital Expenditure	-956	-883	-744	-513
Additions to Property, Plant, and Equipment and Internal-Use Software
Proceeds from Sale of Property, Plant & Equipment	59	25	60	53
Dispositions of Property, Plant, and Equipment
Purchases of Investments	-61	-114	-83	-393
Purchases of and Contributions to Equity Method Investments
Proceeds from Sale of Investments	460	244	232	340
Sales of and Distributions from Equity Method Investments
Proceeds from Business Divestments	—	813	—	—
Proceeds from Principal Business Dispositions
Other Investing Activities	-274	-122	-199	191
All Other Investing Activities
Cash from Investing Activities	-556	-37	-734	-322
Cash from Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22
Common Share Dividends Paid	-167	—	—	—
Dividends Paid to Stockholders
Other Financing Activities	-65	3,652	-408	811
Change in Borrowings of Maturities of 90 Days or Less
Transfers from Parent
All Other Financing Activities
Cash from Financing Activities	-2,472	3,652	-408	811
Cash from Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22
Free Cash Flow	2,473	1,700	442	-627
NOPAT	824	294	-3,365.4	-3,169.8
Levered Free Cash Flow	3,483	3,864	1,900	212
Unlevered Free Cash Flow	2,603	2,606	-1,027.4	-221.8
Net Change in Cash	401	6,198	44	375