Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount
GE Vernova Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount remained flat by 0.0% to $31.5M in Q4 2024 compared to the prior quarter. Year-over-year, this metric declined by 39.4%, from $52M to $31.5M. Over 2 years (FY 2022 to FY 2024), Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount shows a downward trend with a -17.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher values indicate successful utilization of various tax incentives, improving net income.
Detailed definition
This metric captures the absolute dollar value of miscellaneous tax credits that do not fall into primary categories lik...
Peer comparison
Standard line item in tax reconciliation for large, diversified industrial companies.
other_income_tax_reconciliation_tax_credits_otherHistorical Data
| FY'22 | FY'23 | FY'24 | |
|---|---|---|---|
| Value | $187M | $208M | $126M |
| YoY Change | — | +11.2% | -39.4% |
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount at Other Companies
Frequently Asked Questions
- What is GE Vernova's effective income tax rate reconciliation, tax credit, other, amount?
- GE Vernova (GEV) reported effective income tax rate reconciliation, tax credit, other, amount of $31.5M in Q4 2024.
- How has GE Vernova's effective income tax rate reconciliation, tax credit, other, amount changed year-over-year?
- GE Vernova's effective income tax rate reconciliation, tax credit, other, amount decreased by 39.4% year-over-year, from $52M to $31.5M.
- What is the long-term trend for GE Vernova's effective income tax rate reconciliation, tax credit, other, amount?
- Over 2 years (2022 to 2024), GE Vernova's effective income tax rate reconciliation, tax credit, other, amount has grown at a -17.9% compound annual growth rate (CAGR), from $187M to $126M.
- What does effective income tax rate reconciliation, tax credit, other, amount mean?
- The total value of miscellaneous tax credits applied to reduce income tax.