← Baker Hughes Co

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($578.0m) $2.0b $3.0b $2.6b
Net Income (Loss) Attributable to Parent $0 ($73.0m) $195.0m $128.0m ($9.9b) ($219.0m) ($601.0m) $1.9b $3.0b $2.6b
Net Income (Loss) Attributable to Noncontrolling Interest ($69.0m) ($278.0m) $88.0m $143.0m ($5.8b) ($111.0m) $23.0m $27.0m $29.0m $36.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $334.0m ($242.0m) $283.0m $271.0m ($15.8b) ($330.0m) ($578.0m) $2.0b $3.0b $2.6b
Amortization Cash Flow — — — — — — $222.0m $257.0m $266.0m $250.0m
Amortization Of Intangibles — — — — — — $222.0m $257.0m $266.0m $250.0m
Amortization of Intangible Assets $239.0m $387.0m $455.0m $365.0m $308.0m $253.0m $222.0m $257.0m $266.0m $250.0m
Depreciation $311.0m $716.0m $1.0b $1.1b $1.0b $852.0m $839.0m $830.0m $870.0m $938.0m
Depreciation Amortization Depletion — — — — — — $1.1b $1.1b $1.1b $1.2b
Depreciation, Depletion and Amortization $550.0m $1.1b $1.5b $1.4b $1.3b $1.1b $1.1b $1.1b $1.1b $1.2b
Depreciation, Nonproduction — — — — — — — — — $4.0m
Benefit for deferred income taxes — — — — — $133.0m $105.0m ($59.0m) ($671.0m) ($702.0m)
Deferred Income Tax — — — — — — $105.0m ($59.0m) ($671.0m) ($702.0m)
Deferred Income Tax Expense (Benefit) $39.0m ($304.0m) ($249.0m) $51.0m $160.0m $133.0m $105.0m ($59.0m) ($671.0m) ($702.0m)
Deferred Tax — — — — — — $105.0m ($59.0m) ($671.0m) ($702.0m)
Asset Impairment Charge — — — — — $7.0m $166.0m $34.0m $77.0m —
Goodwill, Impairment Loss $0 $0 — — $14.8b $0 $0 — — —
Impairment of Intangible Assets, Finite-lived — — — — $729.0m $0 $18.0m — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — — — — — — $0
Share-based Payment Arrangement, Noncash Expense — — — — — — $207.0m $197.0m $202.0m $203.0m
(Gain) loss on business dispositions $0 $0 ($171.0m) $138.0m $353.0m $0 $451.0m ($40.0m) $0 $0
Gain (Loss) on Disposition of Business $0 $0 $171.0m ($138.0m) ($353.0m) $0 ($451.0m) $40.0m $0 $0
Income (Loss) from Equity Method Investments $0 ($11.0m) ($139.0m) $0 $0 — — — — —
Income Tax Expense (Benefit) $250.0m $71.0m $258.0m $482.0m $559.0m $758.0m $600.0m $685.0m $257.0m $253.0m
Other Nonoperating Income (Expense) $27.0m $78.0m $202.0m ($84.0m) $1.0b ($583.0m) ($911.0m) $554.0m $382.0m ($243.0m)
Changes in operating assets and liabilities:
Additional Financial Items
Accounts payable ($256.0m) $303.0m $794.0m $249.0m ($711.0m) $246.0m $605.0m $61.0m $91.0m $11.0m
Beginning Cash Position — — — — — — $3.9b $2.5b $2.6b $3.4b
Cash Flow From Continuing Financing Activities — — — — — — ($1.6b) ($2.0b) ($1.5b) ($1.5b)
Cash Flow From Continuing Investing Activities — — — — — — ($1.6b) ($817.0m) ($1.0b) ($2.0b)
Change In Account Payable — — — — — — $605.0m $61.0m $91.0m $11.0m
Change In Inventory — — — — — — ($885.0m) ($461.0m) ($102.0m) $79.0m
Change In Other Working Capital — — — — — — $1.2b $2.1b $290.0m ($377.0m)
Change In Payable — — — — — — $605.0m $61.0m $91.0m $11.0m
Change In Payables And Accrued Expense — — — — — — $605.0m $61.0m $91.0m $11.0m
Change In Receivables — — — — — — ($701.0m) ($1.2b) ($255.0m) $681.0m
Change In Working Capital — — — — — — $211.0m $462.0m $24.0m $394.0m
Change in fair value of equity securities — — — — — — — ($555.0m) ($367.0m) $103.0m
Changes In Account Receivables — — — — — — ($625.0m) ($986.0m) ($159.0m) $358.0m
Changes In Cash — — — — — — ($1.3b) $217.0m $789.0m $284.0m
Contract and other deferred assets ($292.0m) ($570.0m) $129.0m ($60.0m) ($69.0m) $262.0m ($76.0m) ($211.0m) ($96.0m) $323.0m
Current receivables $278.0m ($1.2b) ($204.0m) ($583.0m) $680.0m ($126.0m) ($625.0m) ($986.0m) ($159.0m) $358.0m
Debt and Equity Securities, Gain (Loss) — — — — — — — — — ($103.0m)
Debt and Equity Securities, Realized Gain (Loss) — — — — — — — — — ($103.0m)
Debt and Equity Securities, Unrealized Gain (Loss) — — — — $1.4b ($843.0m) ($271.0m) $405.0m $341.0m —
End Cash Position — — — — — — $2.5b $2.6b $3.4b $3.7b
Equity Securities, FV-NI, Gain (Loss) — — — — — — — $435.0m $366.0m ($103.0m)
Equity Securities, FV-NI, Unrealized Gain (Loss) — — ($25.0m) $2.0m $1.4b ($845.0m) ($265.0m) — — —
Expenditures for capital assets ($424.0m) ($665.0m) ($995.0m) ($1.2b) ($974.0m) ($856.0m) ($989.0m) ($1.2b) ($1.3b) ($1.3b)
Financing Cash Flow — — — — — — ($1.6b) ($2.0b) ($1.5b) ($1.5b)
Free Cash Flow — — — — — — $899.0m $1.8b $2.1b $2.5b
Gain Loss On Investment Securities — — — — — — $265.0m ($555.0m) ($367.0m) $103.0m
Gain Loss On Sale Of Business — — — — — — $451.0m ($40.0m) $0 $0
Goodwill $6.7b $19.9b $20.7b $20.7b $6.0b $6.0b $5.9b $6.1b $6.1b $6.1b
Increase (Decrease) in Accounts Receivable ($278.0m) $1.2b $204.0m $583.0m ($680.0m) $126.0m $625.0m $986.0m $159.0m ($358.0m)
Increase (Decrease) in Inventories ($345.0m) ($392.0m) $339.0m $200.0m $80.0m ($170.0m) $885.0m $461.0m $102.0m ($79.0m)
Inventories $345.0m $392.0m ($339.0m) ($200.0m) ($80.0m) $170.0m ($885.0m) ($461.0m) ($102.0m) $79.0m
Inventory Write-down $138.0m $157.0m $105.0m — $246.0m $0 $31.0m $35.0m $73.0m $22.0m
Investing Cash Flow — — — — — — ($1.6b) ($817.0m) ($1.0b) ($2.0b)
Net Business Purchase And Sale — — — — — — ($767.0m) ($8.0m) $0 ($830.0m)
Net cash paid for acquisitions ($1.0m) ($3.4b) ($89.0m) $0 — ($87.0m) ($767.0m) ($301.0m) $0 ($830.0m)
Operating Costs and Expenses — — — — $36.7b $19.2b $20.0b — — —
Operating Gains Losses — — — — — — $716.0m ($595.0m) ($367.0m) $103.0m
Other operating items, net ($22.0m) ($59.0m) ($79.0m) ($305.0m) $227.0m $134.0m $145.0m $386.0m ($60.0m) ($319.0m)
Proceeds from Contributions from Parent $0 $7.4b $0 $0 — — — — — —
Proceeds from business dispositions $0 $20.0m $453.0m $77.0m $187.0m $70.0m $0 $293.0m $0 $0
Proceeds from disposal of assets $20.0m $172.0m $458.0m $264.0m $187.0m $315.0m $217.0m $208.0m $203.0m $195.0m
Proceeds from sale of equity securities — — — — — $147.0m $26.0m $372.0m $92.0m $1.0m
Progress collections and deferred income ($719.0m) ($293.0m) ($27.0m) $1.1b $396.0m ($72.0m) $1.1b $1.6b $273.0m ($58.0m)
Purchase Of Business — — — — — — ($767.0m) ($301.0m) $0 ($830.0m)
Repurchase Of Capital Stock — — — — — — ($828.0m) ($538.0m) ($484.0m) ($384.0m)
Sale Of Business — — — — — — $0 $293.0m $0 $0
Stock Based Compensation — — — — — — $207.0m $197.0m $202.0m $203.0m
Stock-based compensation cost — — — — $210.0m $205.0m $207.0m $197.0m $202.0m $203.0m
Net Cash Provided by (Used in) Operating Activities $262.0m ($799.0m) $1.8b $2.1b $1.3b $2.4b $1.9b $3.1b $3.3b $3.8b
Cash flows from investing activities:
Capital Expenditure — — — — — — ($989.0m) ($1.2b) ($1.3b) ($1.3b)
Capital Expenditure Reported — $665.0m $995.0m $1.2b $974.0m $856.0m ($989.0m) ($1.2b) ($1.3b) ($1.3b)
Payments to Acquire Businesses, Net of Cash Acquired $1.0m $3.4b $89.0m $0 — — — $301.0m $0 $830.0m
Net Investment Purchase And Sale — — — — — — $26.0m $372.0m $92.0m $1.0m
Sale Of Investment — — — — — — $26.0m $372.0m $92.0m $1.0m
Net Other Investing Changes — — — — — — $166.0m $43.0m $170.0m $58.0m
Other investing items, net ($67.0m) ($292.0m) $100.0m $30.0m $8.0m $187.0m $53.0m ($165.0m) ($33.0m) ($137.0m)
Payments for (Proceeds from) Other Investing Activities $67.0m $292.0m ($100.0m) ($30.0m) ($8.0m) ($187.0m) ($53.0m) $165.0m $33.0m $137.0m
Net cash flows used in investing activities ($472.0m) ($4.1b) ($578.0m) ($1.0b) ($618.0m) ($463.0m) ($1.6b) ($817.0m) ($1.0b) ($2.0b)
Net Cash Provided by (Used in) Investing Activities ($472.0m) ($4.1b) ($578.0m) ($1.0b) ($618.0m) ($463.0m) ($1.6b) ($817.0m) ($1.0b) ($2.0b)
Cash flows from financing activities:
Issuance Of Debt — — — — — $1.2b $0 $0 — —
Long Term Debt Issuance — — — — — $1.2b $0 $0 — —
Net Issuance Payments Of Debt — — — — — — $0 ($651.0m) ($143.0m) $0
Net Long Term Debt Issuance — — — — — — $0 ($651.0m) ($143.0m) $0
Net Short Term Debt Issuance — — — — — ($832.0m) ($28.0m) $0 — —
Proceeds from Issuance of Long-term Debt $0 $3.9b $0 $525.0m $500.0m $1.2b $0 $0 — —
Long Term Debt Payments — — — — — — $0 ($651.0m) ($143.0m) $0
Repayment Of Debt — — — — — — $0 ($651.0m) ($143.0m) $0
Repayment of long-term debt $0 ($177.0m) ($684.0m) ($570.0m) ($42.0m) ($1.3b) $0 ($651.0m) ($143.0m) $0
Repayments of Long-term Debt $0 $177.0m $684.0m $570.0m $42.0m $1.3b $0 $651.0m $143.0m $0
Short Term Debt Payments — — — — — ($832.0m) ($28.0m) $0 — —
Net Common Stock Issuance — — — — — — ($828.0m) ($538.0m) ($484.0m) ($384.0m)
Common Stock Payments — — — — — — ($828.0m) ($538.0m) ($484.0m) ($384.0m)
Payments for Repurchase of Common Stock $0 $174.0m $387.0m $0 $0 $434.0m $828.0m $538.0m $484.0m $384.0m
Payments of Ordinary Dividends, Common Stock $0 $155.0m $315.0m $395.0m $488.0m $592.0m $726.0m $786.0m $836.0m $910.0m
Repurchase of Class A common stock $0 ($174.0m) ($387.0m) $0 $0 ($434.0m) ($828.0m) ($538.0m) ($484.0m) ($384.0m)
Cash Dividends Paid — — — — — — ($726.0m) ($786.0m) ($836.0m) ($910.0m)
Common Stock Dividend Paid — — — — — — ($726.0m) ($786.0m) ($836.0m) ($910.0m)
Dividends paid $0 ($155.0m) ($315.0m) ($395.0m) ($488.0m) ($592.0m) ($726.0m) ($786.0m) ($836.0m) ($910.0m)
Net Other Financing Charges — — — — — — ($38.0m) ($53.0m) ($64.0m) ($188.0m)
Other financing items, net ($137.0m) ($184.0m) ($7.0m) $48.0m ($22.0m) ($24.0m) $7.0m ($53.0m) ($64.0m) ($188.0m)
Proceeds from (Payments for) Other Financing Activities ($137.0m) ($184.0m) ($7.0m) $48.0m ($22.0m) ($24.0m) $7.0m ($53.0m) ($64.0m) ($188.0m)
Net cash flows used in financing activities ($102.0m) $10.9b ($4.4b) ($1.5b) $225.0m ($2.1b) ($1.6b) ($2.0b) ($1.5b) ($1.5b)
Net Cash Provided by (Used in) Financing Activities ($102.0m) $10.9b ($4.4b) ($1.5b) $225.0m ($2.1b) ($1.6b) ($2.0b) ($1.5b) ($1.5b)
Effect Of Exchange Rate Changes — — — — — — ($97.0m) ($59.0m) ($71.0m) $67.0m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($139.0m) $52.0m ($128.0m) ($21.0m) ($28.0m) ($47.0m) ($97.0m) ($59.0m) ($71.0m) $67.0m
Effect of currency exchange rate changes on cash and cash equivalents ($139.0m) $52.0m ($128.0m) ($21.0m) ($28.0m) ($47.0m) ($97.0m) ($59.0m) ($71.0m) $67.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($139.0m) $52.0m ($3.3b) ($474.0m) $883.0m ($279.0m) ($1.4b) $158.0m $718.0m $351.0m
Increase in cash and cash equivalents ($451.0m) $6.0b ($3.3b) ($474.0m) $883.0m ($279.0m) ($1.4b) $158.0m $718.0m $351.0m
Cash and cash equivalents, beginning of period $981.0m $7.0b $3.7b $3.2b $4.1b $3.9b $2.5b $2.6b $3.4b $3.7b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $3.7b $3.2b $4.1b $3.9b $2.5b $2.6b $3.4b $3.7b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($1.4b) $158.0m $718.0m $351.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities $55.0m $109.0m $301.0m $285.0m $289.0m $305.0m $291.0m $309.0m $298.0m $294.0m
Income Taxes Paid, Net $317.0m $230.0m $424.0m $438.0m $441.0m $314.0m $498.0m $595.0m $1.0b $1.2b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.