State and local taxes
GE Vernova State and local taxes remained flat by 0.0% to $10.75M in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 193.5%, from -$11.50M to $10.75M. Over 2 years (FY 2022 to FY 2024), State and local taxes shows an upward trend with a 17.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests higher tax obligations in specific operating regions, while a decrease may reflect lower regional profitability or tax planning.
Detailed definition
This metric quantifies the total expense incurred for state and local income taxes, net of any federal tax benefits. It...
Peer comparison
Standard disclosure in the tax reconciliation note for companies with multi-state or multi-jurisdictional operations.
other_income_tax_reconciliation_state_and_local_income_taxesHistorical Data
| FY'22 | FY'23 | FY'24 | |
|---|---|---|---|
| Value | -$31.00M | -$46.00M | $43.00M |
| YoY Change | — | -48.4% | +193.5% |
State and local taxes at Other Companies
Frequently Asked Questions
- What is GE Vernova's state and local taxes?
- GE Vernova (GEV) reported state and local taxes of $10.75M in Q4 2024.
- How has GE Vernova's state and local taxes changed year-over-year?
- GE Vernova's state and local taxes increased by 193.5% year-over-year, from -$11.50M to $10.75M.
- What is the long-term trend for GE Vernova's state and local taxes?
- Over 2 years (2022 to 2024), GE Vernova's state and local taxes has grown at a 17.8% compound annual growth rate (CAGR), from -$31.00M to $43.00M.
- What does state and local taxes mean?
- The total net cost of state and local income taxes.