Discontinued — last reported Q1 '24
Business Segments · Deferred income (Note 9)
Aerospace — Deferred income (Note 9)
General Electric Aerospace — Deferred income (Note 9) decreased by 5.7% to $1.08B in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 8.4%, from $1.18B to $1.08B. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ4 2021
Last reportedQ1 2024Apr 23, 2024
Rolls up toContract Liabilities
How to read this metric
An increase indicates a growing pipeline of future revenue, while a decrease suggests the company is burning through its service backlog.
Detailed definition
This represents the portion of revenue received in advance that is expected to be recognized as income over future perio...
Peer comparison
Standard metric for companies with long-term service agreements (LTSAs) in the aviation and industrial sectors.
Metric ID:
ge_segment_aerospace_deferred_income_note_9Historical Data
9 periods
| Q4 '21 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $1.09B | $1.08B | $1.06B | $1.11B | $1.18B | $1.14B | $1.11B | $1.15B | $1.08B |
| QoQ Change | — | -0.6% | -2.0% | +4.6% | +6.6% | -4.0% | -2.4% | +3.7% | -5.7% |
| YoY Change | — | — | — | +1.8% | — | +4.9% | +4.5% | +3.6% | -8.4% |
Range$1.06B – $1.18B
CAGR-0.3%
Avg YoY Growth+1.3%
Median YoY Growth+3.6%
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Frequently Asked Questions
- What is General Electric's aerospace — deferred income (note 9)?
- General Electric (GE) reported aerospace — deferred income (note 9) of $1.08B in Q1 2024.
- How has General Electric's aerospace — deferred income (note 9) changed year-over-year?
- General Electric's aerospace — deferred income (note 9) decreased by 8.4% year-over-year, from $1.18B to $1.08B.
- What does aerospace — deferred income (note 9) mean?
- Revenue that has been billed or collected but not yet earned under accounting standards.