Discontinued — last reported Q1 '24
Power — Contract and other deferred assets (Note 9)
General Electric Power — Contract and other deferred assets (Note 9) increased by 1.3% to $611.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 13.0%, from $702.00M to $611.00M. Over 2 years (FY 2021 to FY 2023), Power — Contract and other deferred assets (Note 9) shows a downward trend with a -12.9% CAGR.
Analysis
How to read this metric
An increase reflects investment in long-term contract fulfillment, while a decrease suggests the amortization of these assets into the income statement.
Detailed definition
This metric captures assets related to contract costs or other deferred items that are expected to be realized over a pe...
Peer comparison
Comparable to deferred contract costs or capitalized fulfillment costs in long-cycle industries.
ge_segment_power_contract_and_other_deferred_assets_note_9Historical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $867.00M | $860.00M | $813.00M | $806.00M | $782.00M | $782.00M | $728.00M | $702.00M | $611.00M | $615.00M | $603.00M | $611.00M |
| QoQ Change | — | -0.8% | -5.5% | -0.9% | -3.0% | +0.0% | -6.9% | -3.6% | -13.0% | +0.7% | -2.0% | +1.3% |
| YoY Change | — | — | — | — | -9.8% | -9.1% | -10.5% | -12.9% | -21.9% | -21.4% | -17.2% | -13.0% |
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Frequently Asked Questions
- What is General Electric's power — contract and other deferred assets (note 9)?
- General Electric (GE) reported power — contract and other deferred assets (note 9) of $611.00M in Q1 2024.
- How has General Electric's power — contract and other deferred assets (note 9) changed year-over-year?
- General Electric's power — contract and other deferred assets (note 9) decreased by 13.0% year-over-year, from $702.00M to $611.00M.
- What is the long-term trend for General Electric's power — contract and other deferred assets (note 9)?
- Over 2 years (2021 to 2023), General Electric's power — contract and other deferred assets (note 9) has grown at a -12.9% compound annual growth rate (CAGR), from $3.34B to $2.53B.
- What does power — contract and other deferred assets (note 9) mean?
- Long-term assets representing costs incurred to fulfill contracts that will be recognized as expenses in future periods.