Cash flow Baker Hughes Company

Equities

BKR

US05722G1004

Oil Related Services and Equipment

Market Closed - Nasdaq Other stock markets 21:00:00 10/09/2024 BST			5-day change	1st Jan Change
33.17 ^USD	-1.54%		-2.41%	-2.95%

09-06	Oil Rig Count Flat This Week, Baker Hughes Data Show	MT
09-06	Oil steadies on U.S. crude stock drawdown, OPEC+ output hikes delay	RE

a5cac517380.SojwXs1Vez-P7BGz-fPPAfgQMx98SYLghbtG1x7ChnA.c9eWc6ptOmC-qFTBraWsUbZUAnBLPOvTtOMAlVmw7zoswrsWvzsNUPe0RA

Published financial data: BAKER HUGHES COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	23.84B	20.7B	20.5B	21.16B	25.51B
Total Revenues	23.84B	20.7B	20.5B	21.16B	25.51B
Cost of Goods Sold, Total	19.41B	17.26B	16.45B	16.72B	20.22B
Gross Profit	4.43B	3.44B	4.05B	4.43B	5.29B
Selling General & Admin Expenses, Total	2.82B	2.4B	2.45B	2.5B	2.63B
Other Operating Expenses	-	8M	-	52M	11M
Other Operating Expenses, Total	2.82B	2.41B	2.45B	2.56B	2.64B
Operating Income	1.61B	1.04B	1.6B	1.88B	2.65B
Interest Expense, Total	-237M	-257M	-271M	-252M	-300M
Interest And Investment Income	-	-	-	-	84M
Net Interest Expenses	-237M	-257M	-271M	-252M	-216M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-28M	-	-	-	-
Other Non Operating Income (Expenses)	43M	-27M	117M	-202M	17M
EBT, Excl. Unusual Items	1.39B	752M	1.45B	1.42B	2.45B
Restructuring Charges	-498M	-1.95B	-198M	-350M	-348M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-14.77B	-	-	-
Gain (Loss) On Sale Of Investments	-	1.42B	-844M	-265M	555M
Gain (Loss) On Sale Of Assets	-138M	-353M	-	-451M	-
Asset Writedown	-	-216M	-	-	1M
Legal Settlements	-	-	121M	-	-
Other Unusual Items	-	-80M	-99M	-334M	-
EBT, Incl. Unusual Items	753M	-15.2B	428M	22M	2.66B
Income Tax Expense	482M	559M	758M	600M	685M
Earnings From Continuing Operations	271M	-15.76B	-330M	-578M	1.97B
Net Income to Company	271M	-15.76B	-330M	-578M	1.97B
Minority Interest	-143M	5.82B	111M	-23M	-27M
Net Income - (IS)	128M	-9.94B	-219M	-601M	1.94B
Net Income to Common Incl Extra Items	128M	-9.94B	-219M	-601M	1.94B
Net Income to Common Excl. Extra Items	128M	-9.94B	-219M	-601M	1.94B
Per Share Items
Net EPS - Basic	0.23	-14.73	-0.27	-0.61	1.93
Basic EPS - Continuing Operations	0.23	-14.73	-0.27	-0.61	1.93
Basic Weighted Average Shares Outstanding	555M	675M	824M	987M	1.01B
Net EPS - Diluted	0.23	-14.73	-0.27	-0.61	1.91
Diluted EPS - Continuing Operations	0.23	-14.73	-0.27	-0.61	1.91
Diluted Weighted Average Shares Outstanding	557M	675M	824M	987M	1.02B
Normalized Basic EPS	1.31	9.32	1.23	0.88	1.49
Normalized Diluted EPS	1.3	9.32	1.23	0.88	1.48
Dividend Per Share	0.72	0.72	0.72	0.73	0.78
Payout Ratio	308.59	-4.91	-270.32	-120.8	40.45
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	3.03B	2.35B	2.71B	2.94B	3.73B
EBITA	1.98B	1.34B	1.86B	2.1B	2.9B
EBIT	1.61B	1.04B	1.6B	1.88B	2.65B
EBITDAR	4.02B	3.14B	3.43B	3.72B	4.58B
Total Revenues (As Reported)	23.84B	20.7B	20.5B	21.16B	25.51B
Effective Tax Rate - (Ratio)	64.01	-3.68	177.1	2.73K	25.8
Current Domestic Taxes	-12M	-59M	11M	6M	33M
Current Foreign Taxes	443M	458M	614M	489M	711M
Total Current Taxes	431M	399M	625M	495M	744M
Deferred Domestic Taxes	-12M	11M	-24M	40M	-27M
Deferred Foreign Taxes	63M	149M	157M	65M	-32M
Total Deferred Taxes	51M	160M	133M	105M	-59M
Normalized Net Income	725M	6.29B	1.02B	866M	1.5B
Non-Cash Pension Expense	-5M	1M	-23M	-6M	18M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	687M	595M	492M	556M	658M
Net Rental Expense, Total	987M	790M	727M	779M	852M
Imputed Operating Lease Interest Expense	255M	204M	197M	209M	287M
Imputed Operating Lease Depreciation	732M	586M	530M	570M	565M
Stock-Based Comp., Other (Total)	187M	210M	205M	207M	197M
Total Stock-Based Compensation	187M	210M	205M	207M	197M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.25B	4.13B	3.85B	2.49B	2.65B
Short Term Investments	-	1.51B	1.04B	748M	-
Total Cash And Short Term Investments	3.25B	5.65B	4.89B	3.24B	2.65B
Accounts Receivable, Total	5.62B	4.73B	4.8B	4.74B	5.68B
Other Receivables	796M	890M	846M	1.22B	1.39B
Total Receivables	6.42B	5.62B	5.65B	5.96B	7.08B
Inventory	4.61B	4.42B	3.98B	4.59B	5.09B
Other Current Assets, Total	949M	766M	541M	811M	1.49B
Total Current Assets	15.22B	16.46B	15.06B	14.59B	16.3B
Gross Property Plant And Equipment	11.45B	11.28B	10.7B	10.42B	11.34B
Accumulated Depreciation	-4.38B	-5.12B	-5B	-5.12B	-5.68B
Net Property Plant And Equipment	7.07B	6.16B	5.7B	5.3B	5.66B
Long-term Investments	-	18M	-	-	979M
Goodwill	20.69B	5.98B	5.96B	5.93B	6.14B
Other Intangibles, Total	5.38B	4.4B	4.13B	4.18B	4.09B
Accounts Receivable Long-Term	1.7B	1.82B	1.41B	1.35B	1.6B
Deferred Tax Assets Long-Term	954M	953M	735M	657M	722M
Deferred Charges Long-Term	181M	181M	184M	156M	154M
Other Long-Term Assets, Total	2.17B	2.05B	2.12B	2.02B	1.3B
Total Assets	53.37B	38.01B	35.31B	34.18B	36.94B
Liabilities
Accounts Payable, Total	4.27B	3.53B	3.74B	4.3B	4.47B
Accrued Expenses, Total	1.12B	910M	955M	837M	1.35B
Short-term Borrowings	321M	889M	40M	29M	39M
Current Portion of Long-Term Debt	-	-	-	648M	109M
Current Portion of Leases	201M	218M	196M	189M	220M
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	2.87B	3.45B	3.23B	3.82B	5.54B
Other Current Liabilities	1.23B	1.22B	960M	1.25B	1.26B
Total Current Liabilities	10.01B	10.23B	9.13B	11.08B	12.99B
Long-Term Debt	6.3B	6.74B	6.7B	6.05B	5.87B
Long-Term Leases	641M	591M	624M	552M	549M
Pension & Other Post Retirement Benefits	1.08B	1.22B	1.11B	960M	978M
Deferred Tax Liability Non Current	51M	186M	127M	229M	176M
Other Non Current Liabilities	784M	800M	876M	791M	860M
Total Liabilities	18.87B	19.76B	18.56B	19.66B	21.43B
Common Stock, Total	-	-	-	-	-
Additional Paid In Capital	23.56B	24.61B	27.38B	28.13B	26.98B
Retained Earnings	-	-9.94B	-10.16B	-10.76B	-8.82B
Comprehensive Income and Other	-1.64B	-1.78B	-2.38B	-2.97B	-2.8B
Total Common Equity	21.93B	12.89B	14.83B	14.39B	15.37B
Minority Interest	12.57B	5.35B	1.92B	131M	151M
Total Equity	34.5B	18.24B	16.75B	14.52B	15.52B
Total Liabilities And Equity	53.37B	38.01B	35.31B	34.18B	36.94B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	654M	729M	953M	1.01B	1B
ECS Total Common Shares Outstanding	650M	724M	909M	1.01B	998M
Book Value / Share	33.73	17.81	16.31	14.31	15.4
Tangible Book Value	-4.14B	2.52B	4.74B	4.28B	5.14B
Tangible Book Value Per Share	-6.37	3.48	5.21	4.26	5.15
Total Debt	7.46B	8.44B	7.56B	7.47B	6.79B
Net Debt	4.22B	2.8B	2.66B	4.23B	4.14B
Debt Equivalent of Unfunded Proj. Benefit Obligation	447M	604M	403M	368M	363M
Debt Equivalent Oper. Leases	7.9B	6.32B	5.82B	6.23B	6.82B
Minority Interest, Total (Incl. Fin. Div)	12.57B	5.35B	1.92B	131M	151M
Equity Method Investments, Total	-	-	-	-	979M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	2.06B	2.08B	1.75B	2.17B	2.47B
Inventories - Finished Goods, Total	2.55B	2.34B	2.23B	2.42B	2.63B
Land - (BS)	430M	404M	350M	347M	332M
Buildings, Total	2.87B	2.62B	2.27B	2.12B	2.26B
Machinery, Total	7.32B	7.45B	7.26B	7.19B	7.98B
Full Time Employees	68K	55K	54K	55K	58K
Accumulated Allowance for Doubtful Accounts (Supple)	323M	373M	400M	341M	350M
Order Backlog	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	128M	-9.94B	-219M	-601M	1.94B
Depreciation & Amortization - CF	1.05B	1.01B	852M	839M	830M
Amortization of Goodwill and Intangible Assets - (CF)	365M	308M	253M	222M	257M
Depreciation & Amortization, Total	1.42B	1.32B	1.1B	1.06B	1.09B
Minority Interest in Earnings - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	138M	353M	-	451M	-40M
(Gain) Loss on Sale of Investments - (CF)	-	-1.42B	845M	265M	-555M
Asset Writedown & Restructuring Costs	-	15.96B	7M	184M	-1M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	-	207M	197M
Other Operating Activities, Total	194M	-5.42B	22M	54M	3M
Change In Accounts Receivable	-583M	680M	-126M	-625M	-986M
Change In Inventories	-200M	-80M	170M	-885M	-461M
Change In Accounts Payable	249M	-711M	246M	605M	61M
Change in Unearned Revenues	1.15B	396M	-72M	1.1B	1.64B
Change in Other Net Operating Assets	-365M	158M	396M	69M	175M
Cash from Operations	2.13B	1.3B	2.37B	1.89B	3.06B
Capital Expenditure	-1.24B	-974M	-856M	-989M	-1.22B
Sale of Property, Plant, and Equipment	264M	187M	315M	217M	208M
Cash Acquisitions	-176M	-26M	-179M	-845M	-301M
Divestitures	77M	187M	70M	-	293M
Investment in Marketable and Equity Securities, Total	-	-	-	-	372M
Other Investing Activities, Total	30M	8M	187M	53M	-165M
Cash from Investing	-1.04B	-618M	-463M	-1.56B	-817M
Short Term Debt Issued, Total	-	737M	-	-	-
Long-Term Debt Issued, Total	525M	500M	1.25B	-	-
Total Debt Issued	525M	1.24B	1.25B	-	-
Short Term Debt Repaid, Total	-542M	-204M	-873M	-28M	-
Long-Term Debt Repaid, Total	-570M	-42M	-1.31B	-	-651M
Total Debt Repaid	-1.11B	-246M	-2.19B	-28M	-651M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-434M	-828M	-538M
Common Dividends Paid	-395M	-488M	-592M	-726M	-786M
Common & Preferred Stock Dividends Paid	-395M	-488M	-592M	-726M	-786M
Other Financing Activities, Total	-552M	-278M	-181M	-10M	-53M
Cash from Financing	-1.53B	225M	-2.14B	-1.59B	-2.03B
Foreign Exchange Rate Adjustments	-21M	-28M	-47M	-97M	-59M
Net Change in Cash	-474M	883M	-279M	-1.36B	158M
Supplemental Items
Cash Interest Paid	285M	289M	305M	291M	309M
Cash Income Tax Paid (Refund)	438M	441M	314M	498M	595M
Levered Free Cash Flow	1.91B	1.58B	1.7B	1.43B	2.39B
Unlevered Free Cash Flow	2.06B	1.74B	1.87B	1.58B	2.58B
Change In Net Working Capital	-689M	-538M	-410M	-132M	-863M
Net Debt Issued / Repaid	-587M	991M	-936M	-28M	-651M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.9	1.42	2.73	3.37	4.65
Return on Total Capital	2.39	1.89	3.93	5.07	7.47
Return On Equity %	0.78	-59.77	-1.89	-3.7	13.11
Return on Common Equity	0.65	-57.09	-1.58	-4.11	13.06
Margin Analysis
Gross Profit Margin %	18.59	16.64	19.75	20.94	20.72
SG&A Margin	11.83	11.6	11.94	11.83	10.31
EBITDA Margin %	12.71	11.36	13.2	13.88	14.64
EBITA Margin %	8.29	6.49	9.05	9.92	11.38
EBIT Margin %	6.76	5	7.81	8.87	10.37
Income From Continuing Operations Margin %	1.14	-76.12	-1.61	-2.73	7.72
Net Income Margin %