Item 2.02 Results of Operations and Financial Condition.
On January 10, 2023, GE HealthCare Technologies Inc. ("GE HealthCare") issued a
press release announcing, among other things, preliminary unaudited financial
results for GE HealthCare for the fourth quarter and fiscal year ended December
31, 2022. A copy of the press release is furnished as Exhibit 99 to this Current
Report on Form 8-K, which we are providing because GE HealthCare before its
separation from General Electric Company ("GE") on January 3, 2023 was part of
GE's consolidated financial results. The preliminary financial results provided
do not present all information necessary for a complete understanding of GE's or
GE HealthCare's earnings results for the fiscal year ended December 31, 2022.
GE's fourth-quarter and fiscal year 2022 earnings webcast is scheduled for 8:00
a.m. EST on January 24, 2023.
The information provided pursuant to this Item 2.02, including Exhibit 99, is
being furnished and shall not be deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to
the liabilities under that Section and shall not be deemed to be incorporated by
reference into any filing of the Company under the Securities Act of 1933 or the
Exchange Act.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Description
99 Press release, dated January 10, 2023, issued by GE HealthCare regarding
preliminary financial results.
104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
Forward-looking statements
This document contains "forward-looking statements"-that is, statements related
to future, not past, events. These forward-looking statements often address GE's
expected future business and financial performance and financial condition, and
often contain words such as "expect," "anticipate," "intend," "plan," "believe,"
"seek," "see," "will," "would," "estimate," "forecast," "target," "preliminary,"
or "range." Forward-looking statements by their nature address matters that are,
to different degrees, uncertain, and are subject to risks, uncertainties and
assumptions. For GE, particular areas where risks or uncertainties could cause
GE's actual results to be materially different than those expressed in GE's
forward-looking statements include: GE's success in executing and completing
asset dispositions or other transactions, including GE's plans to pursue the
spin-off of its portfolio of energy businesses that are planned to be combined
as GE Vernova (Renewable Energy, Power, Digital and Energy Financial Services),
and sales or other dispositions of GE's equity interests in AerCap Holdings N.V.
and GE HealthCare, the timing for such transactions, the ability to satisfy any
applicable pre-conditions, and the expected proceeds, consideration and benefits
to GE; changes in macroeconomic and market conditions and market volatility,
including impacts related to the COVID-19 pandemic, risk of recession,
inflation, supply chain constraints or disruptions, rising interest rates, oil,
natural gas and other commodity prices and exchange rates, and the impact of
such changes and volatility on GE's business operations, financial results and
financial position; and GE's de-leveraging and capital allocation plans,
including with respect to actions to reduce its indebtedness, the capital
structures of the public companies that GE plans to form from its businesses,
the timing and amount of dividends, share repurchases, organic investments, and
other priorities; and other factors that are described in the "Risk Factors"
section of GE's Annual Report on Form 10-K for the year ended December 31, 2021
and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, as
such descriptions may be updated or amended in any future reports that GE files
with the SEC. These or other uncertainties may cause GE's actual future results
to be materially different than those expressed in its forward-looking
statements. GE does not undertake to update its forward-looking statements.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses