Income StatementBalance SheetCash FlowSegments
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GE Vernova Cash Flow Statement

Operating, investing, and financing cash movements

GE Vernova generated $9.0B in operating cash flow over the trailing twelve months. After $1.5B in capital expenditures, free cash flow was $7.5B. Free cash flow increased 1.3% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$9.0BNet Cash From Investing (TTM)-$5.0BNet Cash From Financing (TTM)-$2.1BCapital Expenditures (TTM)$1.5BDepreciation And Amortization Cf (TTM)$615.0MNet Change In Cash (TTM)$2.1B
Latest FilingQ1 2026
Report Date2026-04-22
Market Cap$279.13B
P/E Ratio29.77
ROE83.23%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired—$40.0M———$4.9B
Capital expenditures$350.0M$186.0M$173.0M$247.0M$671.0M$397.0M
Payment for (Proceeds from) Other Investing Activity$216.0M-$15.0M-$34.0M$107.0M-$105.0M-$183.0M
Payments to Acquire Equity Method Investments$4.0M$6.0M$24.0M$27.0M$30.0M$10.0M
Sales of and distributions from equity method investments$212.0M$90.0M$1.0M$157.0M$216.0M$44.0M
Proceeds from disposals of property, plant and equipment$9.0M$34.0M——$6.0M$177.0M
Proceeds from Sale of Equity Method Investments$212.0M$90.0M$1.0M$157.0M$216.0M$44.0M
Proceeds from Sale of Equity Method Investments$212.0M$90.0M$1.0M$157.0M$216.0M$44.0M
Net cash from investing activities-$175.0M-$93.0M-$121.0M-$167.0M-$374.0M-$4.3B
Proceeds from Partial Sale of Haleon Investment$212.0M$90.0M$1.0M$157.0M$216.0M$44.0M
Proceeds from sale of businesses$174.0M$0.0$1.0M$59.0M$0.0$598.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$63.0M-$269.0M$476.0M$359.0M-$671.0M$473.0M
Change in deferred revenue$1.1B$1.1B$736.0M$559.0M$5.6B$5.6B
Change in inventories—$432.0M$451.0M$164.0M$386.0M$930.0M
Other working capital changes$131.0M-$74.0M-$680.0M$0.0-$494.0M-$457.0M
Other Postretirement Benefit Plans, Net-$101.0M-$44.0M-$66.0M-$57.0M-$60.0M-$80.0M
Net cash from operating activities$921.0M$1.2B$367.0M$980.0M$2.5B$5.2B
Net income$484.0M$264.0M$492.0M$453.0M$3.7B$4.8B
Amortization of capitalized software and acquired intangible assets$89.0M$56.0M$60.0M$61.0M$61.0M$176.0M
Depreciation$180.0M$149.0M$145.0M$152.0M$169.0M$166.0M
Gain (Loss) On Purchase And Disposition Of Business Interests, Including Business Held For Sale$288.0M$21.0M$1.0M$44.0M$119.0M$4.4B
Provision (benefit) for income taxes (Note 16)—$68.0M———$354.0M
Increase (Decrease) in Contract with Customer, Asset$175.0M$345.0M$302.0M$9.0M—$417.0M
Increase (Decrease) in Other Receivables$1.3B-$918.0M-$113.0M$468.0M$2.5B-$610.0M
Other postretirement benefit plans – net (Note 13)-$101.0M-$44.0M-$66.0M-$57.0M-$60.0M-$80.0M
Principal pension plans – net (Note 13)-$96.0M-$89.0M-$90.0M-$89.0M-$93.0M-$90.0M
Gain on Partial Sale of Investment$212.0M$90.0M$1.0M$157.0M$216.0M$44.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt—$0.0———$2.6B
Dividends paid$0.0$69.0M$70.0M$68.0M$68.0M$137.0M
Other, net$165.0M-$86.0M-$56.0M-$45.0M-$34.0M-$711.0M
Payment of Deferred Purchase Consideration$165.0M-$86.0M-$56.0M-$45.0M-$34.0M-$711.0M
Noncontrolling interest transactions and other$165.0M-$86.0M-$56.0M-$45.0M-$34.0M-$711.0M
Net cash from financing activities$163.0M-$1.3B-$604.0M-$774.0M-$1.2B$442.0M
Noncontrolling Interests Activity and Other$165.0M-$86.0M-$56.0M-$45.0M-$34.0M-$711.0M
Repurchases of common stock$3.0M$1.1B$480.0M$660.0M$1.1B$1.3B

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$571.0M$975.0M$194.0M$733.0M$1.8B$4.8B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$99.0M$90.0M$145.0M$15.0M—-$16.0M
Change in Cash Classified within Assets Held for Sale—$0.0$0.0$2.0M$0.0-$2.0M
Net increase (decrease) in cash$810.0M-$98.0M-$214.0M$54.0M$902.0M$1.3B
Increase (decrease) in cash, cash equivalents, and restricted cash$810.0M-$98.0M-$214.0M$53.0M$902.0M$1.3B
Less: Net increase (decrease) in cash classified within assets held for sale—$0.0$0.0$2.0M$0.0-$2.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$18.5M$13.3M$13.3M$13.3M$13.3M—
Income Taxes Paid, Net$324.0M$145.0M$218.0M$126.0M$341.0M$534.0M