Tax

GE Vernova·Income Statement·60 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Cash Paid for Income Taxes	$115M	$126M	$324M	$145M	$218M	$126M	$341M	$534M
Income Taxes Paid, Net	$115M	$126M	$324M	$145M	$218M	$126M	$341M	$534M
Income Taxes Paid, Net	$115M	$126M	$324M	$145M	$218M	$126M	$341M	$534M
Income and Other Taxes	$247M	$126M	$324M	$145M	$218M	$126M	$341M	$534M
Income tax expense	$322M	-$23M	$629M	$68M	$153M	$293M	-$2.6B	$354M
Effective Tax Rate (Continuing Operations)	$0.2	$0.2	$0.2	$0.2	$0.2	$0.4	-$1	$0.1
Effective Tax Rate	$0.2	$0.2	$0.2	$0.2	$0.2	$0.4	-$1	$0.1
Effective Tax Rate, Continuing Operations	$0.2	$0.2	$0.2	$0.2	$0.2	$0.4	-$1	$0.1
Effective Income Tax Rate, Continuing Operations	$0.2	$0.2	$0.2	$0.2	$0.2	$0.4	-$1	$0.1
Effective Tax Rate	$0.2	$0.2	$0.2	$0.2	$0.2	$0.4	-$1	$0.1
Effective Tax Rate (Continuing Operations)	$0.2	$0.2	$0.2	$0.2	$0.2	$0.4	-$1	$0.1
Effective Tax Rate (Continuing Operations)	$0.2	$0.2	$0.2	$0.2	$0.2	$0.4	-$1	$0.1
Effective Tax Rate (Continuing Operations)	$0.2	$0.2	$0.2	$0.2	$0.2	$0.4	-$1	$0.1
Effective Income Tax Rate	$0.2	$0.2	$0.2	$0.2	$0.2	$0.4	-$1	$0.1
Effective Tax Rate, Continuing Operations	$0.2	$0.2	$0.2	$0.2	$0.2	$0.4	-$1	$0.1
Effective Tax Rate Continuing Operations	$0.2	$0.2	$0.2	$0.2	$0.2	$0.4	-$1	$0.1
Effective Tax Rate Statutory Reconciliation	$0.1	$0.1	$0.1	$0.1	$0.1	$0.1	$0.1	—
Unrecognized Tax Benefits Current Period Increases	$250K	$250K	$250K	$46.3M	$46.3M	$46.3M	$46.3M	—
Unrecognized Tax Benefits Prior Period Decreases	$33.3M	$33.3M	$33.3M	$2.5M	$2.5M	$2.5M	$2.5M	—
Deferred Foreign Tax Expense (Benefit)	-$3.3M	-$3.3M	-$3.3M	$76.5M	$76.5M	$76.5M	$76.5M	—
Income Tax at U.S. Statutory Rate	$131.3M	$131.3M	$131.3M	$148.5M	$148.5M	$148.5M	$148.5M	—
State and Local Income Taxes, Net	$13.8M	$13.8M	$13.8M	$19.3M	$19.3M	$19.3M	$19.3M	—
Tax Reconciliation: Other Adjustments	-$0	-$0	-$0	—	—	—	—	—
Tax Reconciliation: Change in Valuation Allowance	$0.1	$0.1	$0.1	—	—	—	—	—
Current State Tax Expense	$13.8M	$13.8M	$13.8M	$19.3M	$19.3M	$19.3M	$19.3M	—
Deferred Foreign Tax Expense	-$3.3M	-$3.3M	-$3.3M	$76.5M	$76.5M	$76.5M	$76.5M	—
Tax Reconciliation, Federal Statutory Amount	$131.3M	$131.3M	$131.3M	$148.5M	$148.5M	$148.5M	$148.5M	—
Tax Reconciliation, Other Items	-$0	-$0	-$0	—	—	—	—	—
Tax Reconciliation, State and Local Taxes	$0	$0	$0	—	—	—	—	—
Tax Reconciliation, Tax Credits	—	—	—	$0	$0	$0	$0	—
Tax Reconciliation, Valuation Allowance Change	$161.8M	$161.8M	$161.8M	—	—	—	—	—
Current State and Local Tax Expense (Benefit)	$13.8M	$13.8M	$13.8M	$19.3M	$19.3M	$19.3M	$19.3M	—
Deferred Foreign Tax Expense (Benefit)	-$3.3M	-$3.3M	-$3.3M	$76.5M	$76.5M	$76.5M	$76.5M	—
Current State and Local Tax Expense	$13.8M	$13.8M	$13.8M	$19.3M	$19.3M	$19.3M	$19.3M	—
Deferred Foreign Tax Expense	-$3.3M	-$3.3M	-$3.3M	$76.5M	$76.5M	$76.5M	$76.5M	—
Tax Reconciliation at Federal Statutory Rate	$0.1	$0.1	$0.1	$0.1	$0.1	$0.1	$0.1	—
Unrecognized Tax Benefits Reevaluation (Statute Lapse)	$13.8M	$13.8M	$13.8M	$14.5M	$14.5M	$14.5M	$14.5M	—
Current State and Local Tax Expense (Benefit)	$13.8M	$13.8M	$13.8M	$19.3M	$19.3M	$19.3M	$19.3M	—
Tax Reconciliation - Federal Statutory Rate	$0.1	$0.1	$0.1	$0.1	$0.1	$0.1	$0.1	—
Current Federal Tax Expense	$68M	$68M	$68M	$70M	$70M	$70M	$70M	—
Current Foreign Tax Expense	$159M	$159M	$159M	$216.5M	$216.5M	$216.5M	$216.5M	—
Current State and Local Tax Expense	$13.8M	$13.8M	$13.8M	$19.3M	$19.3M	$19.3M	$19.3M	—
Deferred Federal Tax Expense	-$2.5M	-$2.5M	-$2.5M	-$767.3M	-$767.3M	-$767.3M	-$767.3M	—
Deferred Foreign Tax Expense	-$3.3M	-$3.3M	-$3.3M	$76.5M	$76.5M	$76.5M	$76.5M	—
Deferred State and Local Tax Expense	-$250K	-$250K	-$250K	-$127.8M	-$127.8M	-$127.8M	-$127.8M	—
Excess Tax Benefits from Share-Based Compensation	—	—	—	-$23.3M	-$23.3M	-$23.3M	-$23.3M	—
Statutory Federal Income Tax Rate	$0.1	$0.1	$0.1	$0.1	$0.1	$0.1	$0.1	—
Tax Reconciliation: Foreign Tax Credits	—	—	—	$49.8M	$49.8M	$49.8M	$49.8M	—
Tax Reconciliation: Other Adjustments	-$500K	-$500K	-$500K	—	—	—	—	—
Tax Reconciliation: Tax Credits	—	—	—	$5.5M	$5.5M	$5.5M	$5.5M	—
Change in Tax Valuation Allowance	$161.8M	$161.8M	$161.8M	—	—	—	—	—
Current State and Local Tax Expense (Benefit)	$13.8M	$13.8M	$13.8M	$19.3M	$19.3M	$19.3M	$19.3M	—
Deferred Foreign Tax Expense (Benefit)	-$3.3M	-$3.3M	-$3.3M	$76.5M	$76.5M	$76.5M	$76.5M	—
Current State and Local Tax Expense (Benefit)	$13.8M	$13.8M	$13.8M	$19.3M	$19.3M	$19.3M	$19.3M	—
Deferred Foreign Tax Expense (Benefit)	-$3.3M	-$3.3M	-$3.3M	$76.5M	$76.5M	$76.5M	$76.5M	—
Current State and Local Tax Expense	$13.8M	$13.8M	$13.8M	$19.3M	$19.3M	$19.3M	$19.3M	—
Deferred Foreign Tax Expense	-$3.3M	-$3.3M	-$3.3M	$76.5M	$76.5M	$76.5M	$76.5M	—
Tax Reconciliation Federal Statutory Rate	$0.1	$0.1	$0.1	$0.1	$0.1	$0.1	$0.1	—
Tax Reconciliation Other Adjustments	-$0	-$0	-$0	—	—	—	—	—
Tax Reconciliation State and Local Taxes	$0	$0	$0	—	—	—	—	—

Metrics

Tax

Breakdown

Metrics

Effective Tax Rate Statutory Reconciliation

Unrecognized Tax Benefits Current Period Increases

Unrecognized Tax Benefits Prior Period Decreases

Effective Tax Rate (Continuing Operations)

Effective Tax Rate

Cash Paid for Income Taxes

Deferred Foreign Tax Expense (Benefit)

Effective Tax Rate, Continuing Operations

Income Tax at U.S. Statutory Rate

State and Local Income Taxes, Net

Tax Reconciliation: Other Adjustments

Tax Reconciliation: Change in Valuation Allowance

Current State Tax Expense

Deferred Foreign Tax Expense

Effective Income Tax Rate, Continuing Operations

Tax Reconciliation, Federal Statutory Amount

Tax Reconciliation, Other Items

Tax Reconciliation, State and Local Taxes

Tax Reconciliation, Tax Credits

Tax Reconciliation, Valuation Allowance Change

Effective Tax Rate

Current State and Local Tax Expense (Benefit)

Deferred Foreign Tax Expense (Benefit)

Effective Tax Rate (Continuing Operations)

Income Taxes Paid, Net

Current State and Local Tax Expense

Deferred Foreign Tax Expense

Income tax expense

Effective Tax Rate (Continuing Operations)

Tax Reconciliation at Federal Statutory Rate

Unrecognized Tax Benefits Reevaluation (Statute Lapse)

Current State and Local Tax Expense (Benefit)

Tax Reconciliation - Federal Statutory Rate

Current Federal Tax Expense

Current Foreign Tax Expense

Current State and Local Tax Expense

Deferred Federal Tax Expense

Deferred Foreign Tax Expense

Deferred State and Local Tax Expense

Effective Tax Rate (Continuing Operations)

Income Taxes Paid, Net

Effective Income Tax Rate

Excess Tax Benefits from Share-Based Compensation

Statutory Federal Income Tax Rate

Tax Reconciliation: Foreign Tax Credits

Tax Reconciliation: Other Adjustments

Tax Reconciliation: Tax Credits

Change in Tax Valuation Allowance

Current State and Local Tax Expense (Benefit)

Deferred Foreign Tax Expense (Benefit)

Effective Tax Rate, Continuing Operations

Current State and Local Tax Expense (Benefit)

Deferred Foreign Tax Expense (Benefit)

Income and Other Taxes

Current State and Local Tax Expense

Deferred Foreign Tax Expense

Effective Tax Rate Continuing Operations

Tax Reconciliation Federal Statutory Rate

Tax Reconciliation Other Adjustments

Tax Reconciliation State and Local Taxes