2017 Q2 Form 10-Q Financial Statement
#000170160517000066 Filed on July 28, 2017
Income Statement
| Concept | 2017 Q2 | 2016 Q4 |
|---|---|---|
| Revenue | $3.010B | $3.516B |
| YoY Change | -9.39% | 3.59% |
| Cost Of Revenue | $532.0M | $2.144B |
| YoY Change | -82.9% | -31.76% |
| Gross Profit | $539.0M | $793.0M |
| YoY Change | -18.46% | 214.68% |
| Gross Profit Margin | 17.91% | 22.55% |
| Selling, General & Admin | $461.0M | $183.0M |
| YoY Change | 107.66% | -33.94% |
| % of Gross Profit | 85.53% | 23.08% |
| Research & Development | $0.00 | $92.00M |
| YoY Change | -100.0% | -13.21% |
| % of Gross Profit | 0.0% | 11.6% |
| Depreciation & Amortization | $216.0M | $727.0M |
| YoY Change | -29.18% | 74.76% |
| % of Gross Profit | 40.07% | 91.68% |
| Operating Expenses | $461.0M | $275.0M |
| YoY Change | 43.61% | -28.2% |
| Operating Profit | -$66.00M | $518.0M |
| YoY Change | -119.41% | -495.42% |
| Interest Expense | $20.00M | -$36.00M |
| YoY Change | -141.67% | -34.55% |
| % of Operating Profit | -6.95% | |
| Other Income/Expense, Net | $50.00M | |
| YoY Change | ||
| Pretax Income | $0.00 | -$306.0M |
| YoY Change | -100.0% | -78.63% |
| Income Tax | -$10.00M | $107.0M |
| % Of Pretax Income | ||
| Net Earnings | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Net Earnings / Revenue | 0.0% | 0.0% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | $0.00 | -$981.2K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2017 Q2 | 2016 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $4.133B | $4.572B |
| YoY Change | 5.7% | 96.73% |
| Cash & Equivalents | $0.00 | $981.0M |
| Short-Term Investments | ||
| Other Short-Term Assets | $675.0M | $633.0M |
| YoY Change | -45.34% | -21.85% |
| Inventory | $1.976B | $3.166B |
| Prepaid Expenses | ||
| Receivables | $2.307B | $2.251B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $9.091B | $7.344B |
| YoY Change | -3.28% | -20.76% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $4.047B | $2.325B |
| YoY Change | -22.6% | -8.97% |
| Goodwill | $6.680B | |
| YoY Change | -2.72% | |
| Intangibles | $2.449B | |
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $573.0M | |
| YoY Change | ||
| Total Long-Term Assets | -$9.091B | $14.12B |
| YoY Change | -183.25% | -4.66% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $9.091B | $7.344B |
| Total Long-Term Assets | -$9.091B | $14.12B |
| Total Assets | $0.00 | $21.47B |
| YoY Change | -100.0% | -10.86% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.094B | $1.896B |
| YoY Change | 6.94% | 34.56% |
| Accrued Expenses | $1.041B | $1.067B |
| YoY Change | 4.0% | -8.02% |
| Deferred Revenue | $2.038B | |
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $331.0M | $132.0M |
| YoY Change | 138.13% | -12.58% |
| Total Short-Term Liabilities | $2.466B | $5.324B |
| YoY Change | 5.47% | 91.86% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.678B | $2.886B |
| YoY Change | -7.24% | -25.81% |
| Other Long-Term Liabilities | $800.0M | $425.0M |
| YoY Change | 3.09% | -45.58% |
| Total Long-Term Liabilities | $3.478B | $425.0M |
| YoY Change | -5.05% | -90.9% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.466B | $5.324B |
| Total Long-Term Liabilities | $3.478B | $425.0M |
| Total Liabilities | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $0.00 | |
| YoY Change | ||
| Common Stock | $1.00 | $1.00 |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $0.00 | $14.11B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $0.00 | $21.47B |
| YoY Change | -100.0% | -10.86% |
Cashflow Statement
| Concept | 2017 Q2 | 2016 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Depreciation, Depletion And Amortization | $216.0M | $727.0M |
| YoY Change | -29.18% | 74.76% |
| Cash From Operating Activities | -$64.00M | $4.424B |
| YoY Change | -101.79% | 733.15% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$129.0M | -$2.000M |
| YoY Change | 84.29% | -99.07% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $154.0M | $551.0M |
| YoY Change | -292.5% | 2404.55% |
| Cash From Investing Activities | $25.00M | $549.0M |
| YoY Change | -116.67% | -385.94% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -48.00M | -2.414B |
| YoY Change | -97.19% | 5513.95% |
| NET CHANGE | ||
| Cash From Operating Activities | -64.00M | 4.424B |
| Cash From Investing Activities | 25.00M | 549.0M |
| Cash From Financing Activities | -48.00M | -2.414B |
| Net Change In Cash | -87.00M | 2.559B |
| YoY Change | -105.07% | 764.53% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$64.00M | $4.424B |
| Capital Expenditures | -$129.0M | -$2.000M |
| Free Cash Flow | $65.00M | $4.426B |
| YoY Change | -98.22% | 494.09% |
Facts In Submission
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2017-06-30 | ||
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Baker Hughes, a GE company (formerly known as Bear Newco, Inc.) (the "Company," "BHGE," "we," "us," or "our" ), was formed along with its wholly owned subsidiary, Bear MergerSub, Inc., a Delaware corporation ("Merger Sub"), on October 28, 2016, for the purpose of facilitating the combination of Baker Hughes Incorporated, a Delaware corporation ("Baker Hughes"), and the oil and gas business ("GE O&G") of General Electric Company ("GE").</font></div></div> |
