What the 10-K filed 2026-01-29 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-02-03.
Big customers
Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).
No specific sentence about this in the 10-K.
Key suppliers
Parts or manufacturing that depend on one or a few suppliers.
“In addition, some of our suppliers or their sub-suppliers are limited- or sole-source suppliers, and our ability to meet our obligations to customers depends on the performance, product quality, continued product availability, viability and stability of such suppliers.”
Read it in the 10-K ↗
Lawsuits and legal claims
4 newPending cases, settlements and what the company has set aside for them.
“Additionally, included costs of $363 million for the settlement of the Sjunde AP-Fonden shareholder lawsuit for the year ended December 31, 2024.”
Read it in the 10-K ↗
New “The estimate of total losses for borrower litigation at Bank BPH was $2,334 million and $2,461 million as of December 31, 2025 and 2024, respectively, with the decrease driven by utilization offset by foreign exchange movements.”
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New “(b) Included $1,389 million and $1,594 million of valuation allowances against financing receivables held for sale, of which $1,389 million and $1,517 million related to estimated borrower litigation losses, and $945 million and $944 million in All other liabilities related to estimated borrower litigation losses for Bank BPH’s foreign currency-denominated mortgage portfolio as of December 31, 2025 and 2024, respectively.”
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New “Accordingly, total estimated losses related to borrower litigation were $2,334 million and $2,461 million as of December 31, 2025 and 2024, respectively, with the decrease driven by utilization offset by foreign exchange movements.”
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New “(a) For the year ended December 31, 2024, restructuring and other charges included cost of $363 million for the settlement of the Sjunde AP-Fonden shareholder lawsuit and also included income of $81 million as a result of a change in estimate of the post-employment severance benefit reserve in connection with the separation of GE Vernova.”
Read it in the 10-K ↗
Guarantees and indemnities
5 newPromises to pay someone else's debts or losses if they cannot.
New “Our maximum aggregate exposure under the GE Aerospace credit support cannot be reasonably estimated given the breadth of the portfolio across each of the GE Vernova businesses except for certain financial guarantees and trade finance instruments with a maximum exposure of approximately $233 million.”
Read it in the 10-K ↗
New “In connection with the spin-off of GE Vernova, under terms of the SDA, Transition Service Agreement (TSA) and Tax Matters Agreement (TMA), we have an obligation to indemnify GE Vernova for certain of its severance costs, environmental matters and tax matters of $209 million, of which $168 million is reserved.”
Read it in the 10-K ↗
New “We also have remaining obligations under the TMA with GE HealthCare to indemnify them for certain tax costs and other indemnifications of $52 million, which are fully reserved.”
Read it in the 10-K ↗
New “Following the separation of GE Vernova, we also have performance obligations related to GE Vernova nuclear decommissioning with a maximum aggregate exposure of $622 million for which we are fully indemnified.”
Read it in the 10-K ↗
New “Also, under the SDA, TSA and TMA agreements we have obligations to indemnify GE Vernova for costs of certain environmental matters and tax matters of $37 million, which are fully reserved.”
Read it in the 10-K ↗
Debt covenants
Conditions in loan agreements that, if broken, can make debt due early.
No specific sentence about this in the 10-K.
Commitments off the balance sheet
1 newContracts the company must pay for later: purchase obligations, take-or-pay deals.
New “In our Statement of Financial Position, we have assets of $170 million and $141 million and liabilities of $144 million and $131 million at December 31, 2025 and December 31, 2024, respectively, in consolidated Variable Interest Entities (VIEs).”
Read it in the 10-K ↗
Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗
Work on GE in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/GE/export.csv") into a cell.