Global 500

Rank
48
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General Electric

Global 500 2019-General Electric GE
Courtesy of GE
  • Previous Rank
    41
  • Revenues ($M)
    120268.00
  • Revenue Percent Change
    -1.6
  • Profits ($M)
    -22355.00
  • Profits Percent Change
  • Assets ($M)
    309129.00
  • Employees
    283000

When 2018 began, GE shareholders must have wondered if things could possibly get any worse. They soon found out. Years of poor capital allocation and mismanagement were catching up with GE; the stock lost almost half its value in 2017 and then lost more than half again in 2018. In desperation, CEO John Flannery began selling assets, planning to pare the company down to its jet engine and electric power businesses. But in October he abruptly retired, succeeded by former Danaher CEO Larry Culp. Adding insult to injury: The Dow Jones Industrial Average booted GE as a component after 110 years.

Company Information

CEOH. Lawrence Culp Jr.
SectorIndustrials
IndustryIndustrial Machinery
HQ LocationBoston
Websitewww.ge.com
Years on Global 500 List25
Employees283,000

Key Financials (Last Fiscal Year)

Revenues ($M)$120,268
Profits ($M)$-22,355
Assets ($M)$309,129
Total Stockholder Equity ($M)$30,981

Profit Ratios

Profit as % of Revenues-18.6%
Profits as % of Assets-7.2%
Profits as % of Stockholder Equity-72.2%