Doing this day after day, a remarkable thing happened. General Electric gross profit for the twelve months ending September 30, 2020 was $18.795B, a 16.05% decline year-over-year. I’m also encouraged by how our team is embracing candor, transparency, and humility with each other. Your feedback is playing an important role in our efforts to make GE a stronger, more valuable company.As I laid out in my last letter, I want this document to serve as a reference point for how we run the company so that we can all keep score together. Healthcare performed well in 2019, growing its backlog to $18.5 billion and segment profit margins to 19.5 percent. Improving project underwriting and daily execution here will be a major focus for us in 2020. We began with the premise that the people closest to the customer know best how to serve them, so we shifted resources and accountability from Corporate to empower our business units and removed overhead layers in Power and Renewable Energy. Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services. The team is at the center of an ecosystem striving for precision health. As these engines fly for decades to come, they will continue to produce predictable revenue. A culture of integrity, compliance, safety, and respect for human rights, while reducing our environmental footprint. We divided into 10 teams focused on improving our gas turbine manufacturing, repair, and services.We failed a lot that week. General Electric Profit Margin (Quarterly):-5.89% for Sept. 30, 2020. Scott Strazik, CEO of GE Gas Power, with leaders from GE’s customer Azito Energie S.A. in Abidjan, Côte d’Ivoire. Most of General Electric's businesses struggled in 2018, but GE Aviation had an incredible year. What I observed there gave me so much pride and hope. This is GE: four mission-critical, global industrial businesses, each with growing backlogs and sizable installed bases where services represent more than half of our revenue and give us daily opportunities to serve our customers. Alexis Conway, a Manufacturing Improvement Specialist, works to lean out inspection processes on the GE9X. Forward-looking StatementsSome of the information we provide in this document is forward-looking and therefore could change over time to reflect changes in the environment in which GE competes. View the latest GE financial statements, income statements and financial ratios. Profitability ratio Description The company; ROE: A profitability ratio calculated as net income divided by shareholders’ equity. I’m confident in our future, even more now than a year ago, because of them.And atop this bedrock we are making real progress. GE forecast adjusted earnings of 50 cents to 60 cents a share for 2019, below analyst expectations of 70 cents, on average. Sign up for our newsletter and stay up to date with what’s happening in Investor news. I think about the dynamics at play in Renewable Energy in three parts. Our priorities looking forward are clear. Second, we’re placing technology bets in fast-growing markets. Power drove tremendous change in 2019, starting by separating Gas Power from Power Portfolio to improve visibility and accountability in these businesses. We are solidifying our financial position, continuing to strengthen our businesses, and driving long-term profitable growth. For example, in 2018, a different Aviation plant in Batesville, Mississippi, was losing up to 15 percent of its output due to production defects. I am proud of the progress our team made together, especially in how we operate. General Electric shares rocketed higher Thursday despite disappointing quarterly earnings after the company announced a preliminary settlement with US officials over subprime mortgages. 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