Discontinued — last reported Q1 '24
Aerospace — Progress collections and current deferred income (Note 9)
General Electric Aerospace — Progress collections and current deferred income (Note 9) increased by 2.8% to $6.58B in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 10.8%, from $5.94B to $6.58B. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong order intake and improved short-term liquidity, while a decrease may indicate slowing demand or faster revenue recognition.
Detailed definition
This represents cash received from customers in advance of satisfying performance obligations for aerospace products or...
Peer comparison
Common in capital-intensive industries like aerospace and defense where long-cycle manufacturing requires significant customer financing.
ge_segment_aerospace_progress_collections_and_current_deferred_income_note_9Historical Data
| Q4 '21 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $4.78B | $5.39B | $5.83B | $6.05B | $5.94B | $6.05B | $6.11B | $6.40B | $6.58B |
| QoQ Change | — | +12.8% | +8.0% | +3.8% | -1.8% | +1.9% | +1.0% | +4.7% | +2.8% |
| YoY Change | — | — | — | +26.5% | — | +12.2% | +4.9% | +5.8% | +10.8% |
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Frequently Asked Questions
- What is General Electric's aerospace — progress collections and current deferred income (note 9)?
- General Electric (GE) reported aerospace — progress collections and current deferred income (note 9) of $6.58B in Q1 2024.
- How has General Electric's aerospace — progress collections and current deferred income (note 9) changed year-over-year?
- General Electric's aerospace — progress collections and current deferred income (note 9) increased by 10.8% year-over-year, from $5.94B to $6.58B.
- What does aerospace — progress collections and current deferred income (note 9) mean?
- Cash collected from customers for work that has not yet been completed.