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BKR Price Correlated With Financials For Baker Hughes Co

Free historical financial statements for Baker Hughes Co.. See how revenue, income, cash flow, and balance sheet financials have changed over 18 quarters since 2018. Compare with BKR stock chart to see long term trends.

BKR Stock Compared to Quarterly

BKR Income Statement

Revenue, Net:5047000000
Revenue Per Share:4.9884
Selling, General & Admin Expense:624000000
Total Operating Expenses:5072000000
Operating Income:-655000000
Income Taxes:182000000
Net Income:-839000000
Earnings Per Share, Basic:-0.84
Shares Outstanding, Basic Avg:1011754323

BKR Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:274000000
Change in Accounts Receiveable:156000000
Net Cash from Operations:321000000
Net Cash from Operations Per Share:0.3173
Repurchases/Buybacks Common Stock:226000000
Cash Dividends Paid:182000000
Net Cash from Financing Activities:-399000000
Property, Plant & Equipment Purchases:226000000
Net Cash from Investing Activities:-164000000
Net Change in Cash & Equivalents:-263000000

BKR Balance Sheet

Cash and Cash Equivalents:2928000000
Inventories:4052000000
Total Current Assets:14199000000
Property, Plant & Equipment, Net:4531000000
Total Assets:33753000000
Accounts Payable:3764000000
Total Short-Term Liabilities:9375000000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Dumais Michael R   Director
10,000 sh at $24
$243,900
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
General Electric Co
116,548,079 sh
-50,097,840 sh
-30%
$4,243,516
$234,015
Vanguard Group Inc
103,492,752 sh
8,563,026 sh
9%
$3,768,172
$1,484,163
Blackrock Inc.
70,749,742 sh
219,149 sh
0%
$2,575,998
$879,032
Dodge & Cox
26,202,996 sh
-19,893,115 sh
-43%
$954,051
-$155,021
JPMorgan Chase & Co
19,252,385 sh
14,587,722 sh
313%
$700,977
$588,746
FMR LLC
19,040,460 sh
12,077,759 sh
173%
$693,263
$525,740
FIL Ltd
18,476,061 sh
-2,113,759 sh
-10%
$672,714
$177,323
Geode Capital Management, LLC
17,286,530 sh
852,476 sh
5%
$627,931
$233,525
Pzena Investment Management LLC
12,213,122 sh
-10,620,151 sh
-47%
$444,680
-$104,689
Invesco Ltd.
11,315,066 sh
-5,888,142 sh
-34%
$411,983
-$1,926
Van Eck Associates Corp
10,211,797 sh
1,816,059 sh
22%
$371,812
$169,811
Deutsche Bank Ag\
9,033,504 sh
564,284 sh
7%
$328,909
$125,139
American Century Companies Inc
8,882,408 sh
-1,895,451 sh
-18%
$323,409
$64,093
Northern Trust Corp
8,619,727 sh
11,959 sh
0%
$313,844
$106,741
Standard Life Aberdeen Plc
8,324,561 sh
1,134,434 sh
16%
$308,051
$135,058
Bank Of New York Mellon Corp
8,222,083 sh
264,555 sh
3%
$299,366
$107,908
Alliancebernstein L.P.
7,221,157 sh
4,376,321 sh
154%
$262,922
$194,475
Eagle Asset Management Inc
6,067,911 sh
-24,112 sh
0%
$220,932
$75,029
Allspring Global Investments Holdings, LLC
5,849,200 sh
 
$140,730
Allspring Global Investments Holdings, LLC
5,419,496 sh
-429,704 sh
-7%
$197,322
$56,592
COMPANY PROFILE
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES DESCRIPTION OF THE BUSINESS

Baker Hughes Company ("Baker Hughes", "the Company", "we", "us", or "our") is an energy technology company with a diversified portfolio of technologies and services that span the energy and industrial value chain. We are a holding company and have no material assets other than our 88.6% ownership interest in our operating company, Baker Hughes Holdings LLC ("BHH LLC"), and certain intercompany and tax related balances. BHH LLC is a Securities and Exchange Commission ("SEC") registrant with separate filing requirements with the SEC and its separate financial information can be obtained from www.sec.gov.

BASIS OF PRESENTATION

The accompanying consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S." and such principles, "U.S. GAAP") and pursuant to the rules and regulations of the SEC for annual financial information. The consolidated financial statements include the accounts of Baker Hughes and all of its subsidiaries and affiliates which it controls or variable interest entities for which we have determined that we are the primary beneficiary. All intercompany accounts and transactions have been eliminated.

We hold a majority economic interest in BHH LLC and conduct and exercise full control over all activities of BHH LLC without the approval of any other member. Accordingly, we consolidate the financial results of BHH LLC and report a noncontrolling interest in our consolidated financial statements for the economic interest held by GE. As of December 31, 2021, GE's economic interest in BHH LLC was 11.4%. See "Note 14. Equity" for further information.

In the Company's consolidated financial statements and notes, certain amounts have been reclassified to conform with the current year presentation. In the notes to the consolidated financial statements, all dollar and share amounts in tabulations are in millions of dollars and shares, respectively, unless otherwise indicated. Certain columns and rows in our financial statements and notes thereto may not add due to the use of rounded numbers.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of any contingent assets or liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. We base our estimates and judgments on historical experience and on various other assumptions and information that we believe to be reasonable under the circumstances. Estimates and assumptions about future events and their effects cannot be perceived with certainty, and accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as our operating environment changes. While we believe that the estimates and assumptions used in the preparation of the consolidated financial statements are appropriate, actual results could differ from those estimates. Estimates are used for, but are not limited to, determining the following: allowance for credit losses and inventory valuation reserves; recoverability of long-lived assets, including revenue recognition on long-term contracts; valuation of goodwill; useful lives used in depreciation and amortization; income taxes and related valuation allowances; accruals for contingencies; actuarial assumptions to determine costs and liabilities related to employee benefit plans; stock-based compensation expense; valuation of derivatives; and the fair value of assets acquired and liabilities assumed in acquisitions.

Foreign Currency

Assets and liabilities of non-U.S. operations with a functional currency other th

Data imported from Baker Hughes Co. SEC filings. Check original filings before making any investment decision.