GE HealthCare Technologies Inc. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	8-K	8-K	S-1	S-1
Revenues:
PCS			17,164	16,633
Revenues	18,341	17,585	17,164	16,633
Revenue growth [+]	4.3%	2.5%	3.2%
PCS			3.2%
Cost of goods sold [+]	11,162	10,411	10,397	10,085
Cost of product sales	7,975	7,196	7,229	6,758
Cost of services	3,187	3,215	3,168	3,327
Gross profit	7,179	7,174	6,767	6,548
Gross margin	39.1%	40.8%	39.4%	39.4%
Selling, general and administrative	3,631	3,563	3,237	3,591
Research and development	1,026	816	810	833
EBIT [+]	2,522	2,795	2,720	2,124
EBIT growth	-9.8%	2.8%	28.1%
EBIT margin	13.8%	15.9%	15.8%	12.8%
Other income (expense), net	-10	80	-10	-33
Pre-tax income	2,512	2,875	2,710	2,091
Income taxes	563	600	652	410
Tax rate	22.4%	20.9%	24.1%	19.6%
Minority interest			-51	-29
Earnings from continuing ops	1,949	2,275	2,058	1,681
Earnings from discontinued ops	18	18	11,839	-128
Net income	1,967	2,293	13,897	1,553
Net margin	10.7%	13.0%	81.0%	9.3%



EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.