GE Aerospace
GENYSE
$279.16
Last price · USD
- Market cap
- $297.9B
- P/E
- 34.2x
- EV / EBITDA
- 25.4x
- P/S
- 6.5x
- FCF yield
- 2.4%
- Div. yield
- 0.49%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
GE Aerospace cash flow statement
Annual · USD millions except per-share data · 35 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 8,595 | 6,657 | 9,481 | (795) | (3,334) | — | |
| Depreciation & amortization | 1,220 | 1,184 | 1,179 | 1,184 | 2,360 | -15.2% | |
| Deferred income tax | 1,405 | 24 | 14 | (3) | (1,451) | — | |
| Stock-based compensation | 0 | 33 | 360 | 263 | 0 | — | |
| Change in working capital | (470) | (1,023) | 2,358 | 1,592 | (3,362) | — | |
| Accounts receivables | (2,948) | (1,188) | (833) | (2,719) | 854 | — | |
| Inventory | (1,981) | (1,528) | (1,524) | (1,925) | (702) | — | |
| Accounts payables | 1,993 | 688 | 1,062 | 2,793 | (2) | — | |
| Other working capital | 2,466 | 1,005 | 3,653 | 3,443 | (3,512) | — | |
| Other non-cash items | (2,213) | (2,165) | (8,213) | 3,675 | 9,268 | — | |
| Net cash from operating activities | 8,537 | 4,710 | 5,179 | 5,916 | 3,481 | +25.1% | |
| Operating cash flow | 8,537 | 4,710 | 5,179 | 5,916 | 3,481 | +25.1% | |
| Investing activities | |||||||
| Investments in PP&E | (1,273) | (1,032) | (1,595) | (1,174) | (1,361) | — | |
| Capital expenditure | (1,273) | (1,032) | (1,595) | (1,174) | (1,113) | — | |
| Acquisitions, net | (360) | 5,614 | 8,639 | 4,702 | 2,596 | — | |
| Purchases of investments | 0 | 0 | 0 | (876) | (1,290) | — | |
| Sales / maturities of investments | 0 | 0 | 0 | 0 | 1,290 | — | |
| Other investing activities | 480 | (6,248) | (3,067) | (382) | 20,144 | -60.7% | |
| Net cash from investing activities | (1,153) | (1,666) | 3,977 | 2,270 | 21,379 | — | |
| Financing activities | |||||||
| Net debt issuance | 199 | (786) | (3,404) | (11,130) | (36,855) | — | |
| Short-term net debt issuance | 25 | 2 | (55) | 56 | (704) | — | |
| Long-term net debt issuance | 174 | (788) | (3,349) | (11,186) | (36,157) | — | |
| Net stock issuance | (7,551) | (5,827) | (1,233) | (1,048) | (107) | — | |
| Common stock repurchased | (7,551) | (5,827) | (1,233) | (1,048) | (107) | — | |
| Net common stock issuance | (7,551) | (5,827) | (1,233) | (1,048) | (107) | — | |
| Common dividends paid | (1,452) | (1,008) | (589) | (639) | (575) | — | |
| Net dividends paid | (1,452) | (1,008) | (589) | (639) | (575) | — | |
| Other financing activities | 122 | 895 | (3,387) | 7,232 | (7,860) | — | |
| Net cash from financing activities | (8,682) | (6,726) | (8,613) | (5,585) | (45,397) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | 201 | (193) | 120 | (2,561) | (213) | — | |
| Net change in cash | (1,098) | (3,875) | 663 | 40 | (20,749) | — | |
| Cash at beginning of period | 15,880 | 19,755 | 19,092 | 15,770 | 37,608 | -19.4% | |
| Cash at end of period | 14,782 | 15,880 | 19,755 | 15,810 | 16,859 | -3.2% | |
| Free cash flow | 7,264 | 3,678 | 3,584 | 4,742 | 2,368 | +32.3% | |
| Interest paid | 882 | 0 | 0 | 0 | 0 | — | |