$BKR
Baker Hughes Co

2023 Q4 Form 10-Q Financial Statement

#000170160523000078 Filed on October 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $6.835B $6.641B $5.369B
YoY Change 15.75% 23.69% 5.42%
Cost Of Revenue $5.386B $5.298B $4.245B
YoY Change 17.91% 24.81% 3.97%
Gross Profit $1.449B $1.343B $1.124B
YoY Change 8.38% 19.48% 11.29%
Gross Profit Margin 21.2% 20.22% 20.93%
Selling, General & Admin $634.0M $627.0M $620.0M
YoY Change -1.71% 1.13% 2.14%
% of Gross Profit 43.75% 46.69% 55.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $274.0M $267.0M $254.0M
YoY Change 7.45% 5.12% -3.05%
% of Gross Profit 18.91% 19.88% 22.6%
Operating Expenses $635.0M $627.0M $620.0M
YoY Change -1.55% 1.13% 2.14%
Operating Profit $814.0M $714.0M $269.0M
YoY Change 17.63% 165.43% -28.84%
Interest Expense -$45.00M $50.00M -$65.00M
YoY Change -29.69% -176.92% -68.6%
% of Operating Profit -5.53% 7.0% -24.16%
Other Income/Expense, Net -$84.00M $94.00M -$60.00M
YoY Change -66.93% -256.67% -41.18%
Pretax Income $522.0M $759.0M $144.0M
YoY Change 51.3% 427.08% -31.1%
Income Tax $72.00M $235.0M $153.0M
% Of Pretax Income 13.79% 30.96% 106.25%
Net Earnings $439.0M $518.0M -$17.00M
YoY Change 141.21% -3147.06% -312.5%
Net Earnings / Revenue 6.42% 7.8% -0.32%
Basic Earnings Per Share
Diluted Earnings Per Share $0.43 $0.51 -$0.02
COMMON SHARES
Basic Shares Outstanding 1.006B shares 1.010B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.646B $4.253B $2.851B
YoY Change 6.35% 49.18% -34.14%
Cash & Equivalents $2.646B $3.201B $2.851B
Short-Term Investments $593.0M $1.052B $849.0M
Other Short-Term Assets $1.486B $1.491B $1.790B
YoY Change -4.68% -16.7% 17.38%
Inventory $5.094B $4.964B $4.111B
Prepaid Expenses
Receivables $7.075B $6.505B $5.583B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.30B $16.16B $14.34B
YoY Change 11.71% 12.74% -3.71%
LONG-TERM ASSETS
Property, Plant & Equipment $4.893B $4.768B $4.381B
YoY Change 7.82% 8.83% -12.06%
Goodwill $6.137B $6.048B $5.435B
YoY Change 3.49% 11.28% -9.64%
Intangibles $4.093B $4.104B $3.980B
YoY Change -2.08% 3.12% -4.12%
Long-Term Investments $979.0M
YoY Change 6.53%
Other Assets $3.043B $3.004B $2.807B
YoY Change -11.49% 7.02% -7.21%
Total Long-Term Assets $20.64B $20.39B $18.83B
YoY Change 5.39% 8.28% -9.84%
TOTAL ASSETS
Total Short-Term Assets $16.30B $16.16B $14.34B
Total Long-Term Assets $20.64B $20.39B $18.83B
Total Assets $36.95B $36.55B $33.17B
YoY Change 8.09% 10.21% -7.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.471B $4.123B $3.800B
YoY Change 4.03% 8.5% 8.14%
Accrued Expenses
YoY Change
Deferred Revenue $5.542B $5.187B $3.262B
YoY Change 45.0% 59.01% -0.03%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $148.0M $802.0M $43.00M
YoY Change -78.14% 1765.12% -4.44%
Total Short-Term Liabilities $12.99B $12.68B $9.465B
YoY Change 17.3% 33.98% 1.19%
LONG-TERM LIABILITIES
Long-Term Debt $5.872B $5.857B $6.612B
YoY Change -1.81% -11.42% -1.43%
Other Long-Term Liabilities $1.409B $1.385B $1.507B
YoY Change -45.83% -8.1% 8.81%
Total Long-Term Liabilities $1.409B $1.385B $1.507B
YoY Change -83.58% -8.1% 8.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.99B $12.68B $9.465B
Total Long-Term Liabilities $1.409B $1.385B $1.507B
Total Liabilities $14.40B $14.07B $10.97B
YoY Change -26.74% 28.2% 2.17%
SHAREHOLDERS EQUITY
Retained Earnings -$8.819B -$9.258B -$10.94B
YoY Change -18.05% -15.4% 4.68%
Common Stock $26.98B $27.42B $28.22B
YoY Change -4.06% -2.86% 5.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.37B $15.25B $14.14B
YoY Change
Total Liabilities & Shareholders Equity $36.95B $36.55B $33.17B
YoY Change 8.09% 10.21% -7.29%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income $439.0M $518.0M -$17.00M
YoY Change 141.21% -3147.06% -312.5%
Depreciation, Depletion And Amortization $274.0M $267.0M $254.0M
YoY Change 7.45% 5.12% -3.05%
Cash From Operating Activities $932.0M $810.0M $597.0M
YoY Change 3.79% 35.68% 43.51%
INVESTING ACTIVITIES
Capital Expenditures $356.0M $281.0M -$37.00M
YoY Change -784.62% -859.46% -81.31%
Acquisitions
YoY Change
Other Investing Activities $42.00M $192.0M -$113.0M
YoY Change -104.51% -269.91% -197.41%
Cash From Investing Activities -$314.0M -$89.00M -$150.0M
YoY Change -68.09% -40.67% 82.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.167B -311.0M -429.0M
YoY Change 295.59% -27.51% 43.0%
NET CHANGE
Cash From Operating Activities 932.0M 810.0M 597.0M
Cash From Investing Activities -314.0M -89.00M -150.0M
Cash From Financing Activities -1.167B -311.0M -429.0M
Net Change In Cash -549.0M 410.0M 18.00M
YoY Change 44.09% 2177.78% -47.06%
FREE CASH FLOW
Cash From Operating Activities $932.0M $810.0M $597.0M
Capital Expenditures $356.0M $281.0M -$37.00M
Free Cash Flow $576.0M $529.0M $634.0M
YoY Change -39.37% -16.56% 3.26%

Facts In Submission

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CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q3 us-gaap Depreciation Depletion And Amortization
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CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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CY2023Q3 us-gaap Fair Value Disclosure Offbalance Sheet Risks Face Amount Liability
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CY2023Q3 us-gaap Restructuring Settlement And Impairment Provisions
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us-gaap Restructuring Settlement And Impairment Provisions
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CY2022Q3 us-gaap Restructuring Settlement And Impairment Provisions
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us-gaap Restructuring Settlement And Impairment Provisions
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CY2023Q3 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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us-gaap Inventory Write Down
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CY2023Q3 us-gaap Restructuring And Related Cost Expected Cost Remaining1
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CY2022Q3 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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us-gaap Number Of Operating Segments
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CY2022Q3 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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CY2023Q3 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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CY2023Q3 us-gaap Other Restructuring Costs
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us-gaap Other Restructuring Costs
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3000000 usd
CY2022Q3 us-gaap Other Restructuring Costs
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us-gaap Other Restructuring Costs
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CY2023Q3 ecd Rule10b51 Arr Adopted Flag
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false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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bkr-20230930_lab.xml Edgar Link unprocessable
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0001701605-23-000078.txt Edgar Link pending
0001701605-23-000078-xbrl.zip Edgar Link pending
bkr-20230930.htm Edgar Link pending
bkr-20230930.xsd Edgar Link pending
bkr-20230930_cal.xml Edgar Link unprocessable
bkr-20230930_def.xml Edgar Link unprocessable
bkr-20230930_htm.xml Edgar Link completed
bkr20230930exhibit311.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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bkr-20230930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
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