$BKR
Baker Hughes Co

2024 Q4 Form 10-Q Financial Statement

#000170160524000131 Filed on October 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $6.908B
YoY Change 4.02%
Cost Of Revenue $5.366B
YoY Change 1.28%
Gross Profit $1.542B
YoY Change 14.82%
Gross Profit Margin 22.32%
Selling, General & Admin $612.0M
YoY Change -2.39%
% of Gross Profit 39.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $278.0M
YoY Change 4.12%
% of Gross Profit 18.03%
Operating Expenses $612.0M
YoY Change -2.39%
Operating Profit $930.0M
YoY Change 30.25%
Interest Expense -$55.00M
YoY Change -210.0%
% of Operating Profit -5.91%
Other Income/Expense, Net $134.0M
YoY Change 42.55%
Pretax Income $1.009B
YoY Change 32.94%
Income Tax $235.0M
% Of Pretax Income 23.29%
Net Earnings $766.0M
YoY Change 47.88%
Net Earnings / Revenue 11.09%
Basic Earnings Per Share
Diluted Earnings Per Share $0.77
COMMON SHARES
Basic Shares Outstanding 989.5M shares 993.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.664B
YoY Change -37.36%
Cash & Equivalents $2.664B
Short-Term Investments
Other Short-Term Assets $1.730B
YoY Change 16.03%
Inventory $5.254B
Prepaid Expenses
Receivables $6.920B
Other Receivables $0.00
Total Short-Term Assets $16.57B
YoY Change 2.52%
LONG-TERM ASSETS
Property, Plant & Equipment $5.150B
YoY Change 8.01%
Goodwill $6.167B
YoY Change 1.97%
Intangibles $3.995B
YoY Change -2.66%
Long-Term Investments
YoY Change
Other Assets $3.097B
YoY Change 3.1%
Total Long-Term Assets $20.96B
YoY Change 2.81%
TOTAL ASSETS
Total Short-Term Assets $16.57B
Total Long-Term Assets $20.96B
Total Assets $37.53B
YoY Change 2.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.431B
YoY Change 7.47%
Accrued Expenses
YoY Change
Deferred Revenue $5.685B
YoY Change 9.6%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $52.00M
YoY Change -93.52%
Total Short-Term Liabilities $12.79B
YoY Change 0.86%
LONG-TERM LIABILITIES
Long-Term Debt $5.984B
YoY Change 2.17%
Other Long-Term Liabilities $1.268B
YoY Change -8.45%
Total Long-Term Liabilities $1.268B
YoY Change -8.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.79B
Total Long-Term Liabilities $1.268B
Total Liabilities $14.06B
YoY Change -0.06%
SHAREHOLDERS EQUITY
Retained Earnings -$7.019B
YoY Change -24.18%
Common Stock $26.05B
YoY Change -5.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.19B
YoY Change
Total Liabilities & Shareholders Equity $37.53B
YoY Change 2.68%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $766.0M
YoY Change 47.88%
Depreciation, Depletion And Amortization $278.0M
YoY Change 4.12%
Cash From Operating Activities $1.010B
YoY Change 24.69%
INVESTING ACTIVITIES
Capital Expenditures $300.0M
YoY Change 6.76%
Acquisitions
YoY Change
Other Investing Activities $31.00M
YoY Change -83.85%
Cash From Investing Activities -$269.0M
YoY Change 202.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -364.0M
YoY Change 17.04%
NET CHANGE
Cash From Operating Activities 1.010B
Cash From Investing Activities -269.0M
Cash From Financing Activities -364.0M
Net Change In Cash 377.0M
YoY Change -8.05%
FREE CASH FLOW
Cash From Operating Activities $1.010B
Capital Expenditures $300.0M
Free Cash Flow $710.0M
YoY Change 34.22%

Facts In Submission

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100000000 usd
CY2023Q3 us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
99000000 usd
us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
146000000 usd
us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
489000000 usd
CY2024Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1148000000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
975000000 usd
CY2024Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
100000000 usd
CY2023Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
99000000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
171000000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
520000000 usd
CY2023Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
118000000 usd
CY2024Q3 us-gaap Derivative Assets
DerivativeAssets
30000000 usd
CY2024Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
48000000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
34000000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
76000000 usd
CY2024Q3 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
5100000000 usd
CY2023Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
4200000000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6908000000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20465000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18671000000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
33400000000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6908000000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6641000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1009000000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
759000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2473000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2133000000 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
278000000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
267000000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
844000000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
813000000 usd
CY2024Q3 us-gaap Fair Value Disclosure Offbalance Sheet Risks Face Amount Liability
FairValueDisclosureOffbalanceSheetRisksFaceAmountLiability
5500000000 usd
CY2024Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
0 usd
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
21000000 usd
CY2023Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
2000000 usd
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
161000000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Inventory Write Down
InventoryWriteDown
33000000 usd
CY2024Q3 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
0 usd
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
6000000 usd
CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
0 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
5000000 usd
us-gaap Restructuring Charges
RestructuringCharges
8000000 usd
us-gaap Restructuring Charges
RestructuringCharges
158000000 usd
CY2024Q3 us-gaap Other Restructuring Costs
OtherRestructuringCosts
0 usd
us-gaap Other Restructuring Costs
OtherRestructuringCosts
18000000 usd
CY2023Q3 us-gaap Other Restructuring Costs
OtherRestructuringCosts
-3000000 usd
us-gaap Other Restructuring Costs
OtherRestructuringCosts
3000000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Trd Arr Adoption Date
TrdArrAdoptionDate
September 13, 2024

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