Discontinued — last reported Q1 '24
Power — Progress collections and current deferred income (Note 9)
General Electric Power — Progress collections and current deferred income (Note 9) increased by 3.1% to $6.10B in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 26.8%, from $4.81B to $6.10B. Over 2 years (FY 2021 to FY 2023), Power — Progress collections and current deferred income (Note 9) shows relatively stable performance with a 0.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher values indicate strong customer demand and a robust pipeline of work to be performed in the coming year.
Detailed definition
This combined metric aggregates cash received from progress billings and other deferred income expected to be recognized...
Peer comparison
Commonly reported as total deferred revenue or contract liabilities in industrial and technology sectors.
ge_segment_power_progress_collections_and_current_deferred_income_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 | $5.48B | $5.54B | $5.62B | $4.18B | $4.20B | $4.23B | $4.53B | $4.81B | $5.38B | $5.76B | $5.92B | $6.10B |
| QoQ Change | — | +1.1% | +1.3% | -25.5% | +0.5% | +0.6% | +7.0% | +6.3% | +11.7% | +7.0% | +2.8% | +3.1% |
| YoY Change | — | — | — | — | -23.3% | -23.7% | -19.4% | +15.0% | +27.9% | +36.1% | +30.7% | +26.8% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is General Electric's power — progress collections and current deferred income (note 9)?
- General Electric (GE) reported power — progress collections and current deferred income (note 9) of $6.10B in Q1 2024.
- How has General Electric's power — progress collections and current deferred income (note 9) changed year-over-year?
- General Electric's power — progress collections and current deferred income (note 9) increased by 26.8% year-over-year, from $4.81B to $6.10B.
- What is the long-term trend for General Electric's power — progress collections and current deferred income (note 9)?
- Over 2 years (2021 to 2023), General Electric's power — progress collections and current deferred income (note 9) has grown at a 0.0% compound annual growth rate (CAGR), from $21.86B to $21.86B.
- What does power — progress collections and current deferred income (note 9) mean?
- The total value of cash received from customers for work not yet completed or services not yet performed.