GE HealthCare Technologies (GEHC)
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GE HealthCare Technologies (GEHC) - 2023 Q2 - Quarterly Report
2023-07-24 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-41528 GE HEALTHCARE TECHNOLOGIES INC. (Exact name of registrant as specified in its charter) | Delaware | 88-2515116 | ...
GE HealthCare Technologies (GEHC) - 2023 Q1 - Quarterly Report
2023-04-24 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-41528 GE HEALTHCARE TECHNOLOGIES INC. (Exact name of registrant as specified in its charter) | Delaware | 88-2515116 | ...
GE HealthCare Technologies (GEHC) - 2022 Q4 - Annual Report
2023-02-14 16:00
Corporate Governance and Compliance - The company will incur additional costs and demands on management's time associated with being an independent, publicly traded company, including costs related to corporate governance and public financial reporting [229]. - The company is required to comply with Section 404 of the Sarbanes Oxley Act, necessitating annual management assessments of internal control effectiveness, which may require system upgrades and additional staffing [230]. - Provisions in the company's bylaws may discourage takeovers and limit stockholder power, potentially affecting acquisition opportunities [243]. Financial Condition and Debt - The company has incurred indebtedness due to the Spin-Off from GE, and its ability to service this debt will depend on future cash generation from operations [233]. - GE retains a 19.9% economic interest in the company, and its potential sale of shares could lead to stock price volatility [240]. - The company evaluates cash dividends for stockholders, but future payments may be limited by its indebtedness and financial condition [241]. - Future equity issuances for acquisitions or employee compensation may dilute existing shareholders' interests [242]. - The company may face challenges accessing capital markets on favorable terms due to market volatility and credit rating changes [236]. - The company’s total consolidated cash will be held overseas, which may complicate funding for U.S. financial obligations [236]. Market and Operational Risks - The company is exposed to market risks primarily from changes in interest rates and foreign currency exchange rates, which may impact future income and cash flows [370]. - As of December 31, 2022, the company incurred $8,250 million of fixed-rate debt, with a variable interest rate exposure from a $2,000 million Term Loan Facility, comprising approximately 20% of total debt obligations [375]. - A hypothetical change of interest rates by 100 basis points would increase or decrease annual interest expense by approximately $20 million [375]. - The company relies on supplies of certain raw materials, including helium, iodine, and rare earth minerals, which are subject to volatile pricing and availability [376]. - Disruptions in deliveries or production, including those caused by natural disasters or public health emergencies, can significantly impact the company's operations and cash flows [378]. Hedging and Currency Management - The company uses cross-currency swap derivative contracts to hedge translation exposure of net investments in foreign operations against adverse movements in exchange rates [374]. - The effective portion of cash flow hedges is offset in separate components of equity, while ineffectiveness is recognized in earnings [372]. - The company manages interest expense using a mixture of fixed-rate and variable-rate debt to mitigate interest rate risk [375]. - The global nature of the company's customer base allows for natural offsets of certain income and costs denominated in foreign currencies [373]. - The company employs cash flow hedging to reduce the effects of foreign currency rate changes on purchase and sale contracts [372].
GE HealthCare Technologies (GEHC) - 2022 Q4 - Earnings Call Presentation
2023-02-02 01:32
January 30, 2023 Forward-looking statements Product Status 4Q 2022 Earnings Presentation 2 Adjusted EBIT* & Adjusted EBIT margin* Adjusted EPS* Free cash flow* Book-to-Bill** 13% Organic growth*-a) $4.9B 17.1% margin (90) bps YoY Standalone Adjusted EBIT margin* of 16.1%-b) $844M Standalone Adjusted EPS* of ~$1.06-b) $1.31 $(0.05) YoY $436M YoY $987M 1.07x 4Q and Full Year 2022 Earnings Presentation © 2023 GE HealthCare. GE is a trademark of General Electric Company used under trademark license. This presen ...