Cash flow Baker Hughes Company

Equities

BKR

US05722G1004

Oil Related Services and Equipment

Market Closed - Nasdaq Other stock markets 01:30:00 10/09/2024 am IST			5-day change	1st Jan Change
33.69 ^USD	-0.74%		-4.21%	-1.43%

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

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Published financial data: BAKER HUGHES COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.38TCr	2.07TCr	2.05TCr	2.12TCr	2.55TCr
Total Revenues	2.38TCr	2.07TCr	2.05TCr	2.12TCr	2.55TCr
Cost of Goods Sold, Total	1.94TCr	1.73TCr	1.65TCr	1.67TCr	2.02TCr
Gross Profit	443.2Cr	344.5Cr	404.9Cr	443.1Cr	528.6Cr
Selling General & Admin Expenses, Total	282.1Cr	240.1Cr	244.7Cr	250.3Cr	262.9Cr
Other Operating Expenses	-	80L	-	5.2Cr	1.1Cr
Other Operating Expenses, Total	282.1Cr	240.9Cr	244.7Cr	255.5Cr	264Cr
Operating Income	161.1Cr	103.6Cr	160.2Cr	187.6Cr	264.6Cr
Interest Expense, Total	-24Cr	-26Cr	-27Cr	-25Cr	-30Cr
Interest And Investment Income	-	-	-	-	8.4Cr
Net Interest Expenses	-24Cr	-26Cr	-27Cr	-25Cr	-22Cr
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-2.8Cr	-	-	-	-
Other Non Operating Income (Expenses)	4.3Cr	-2.7Cr	12Cr	-20Cr	1.7Cr
EBT, Excl. Unusual Items	138.9Cr	75Cr	144.8Cr	142.2Cr	244.7Cr
Restructuring Charges	-50Cr	-194.9Cr	-20Cr	-35Cr	-35Cr
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-1.48TCr	-	-	-
Gain (Loss) On Sale Of Investments	-	141.7Cr	-84Cr	-26Cr	56Cr
Gain (Loss) On Sale Of Assets	-14Cr	-35Cr	-	-45Cr	-
Asset Writedown	-	-22Cr	-	-	10L
Legal Settlements	-	-	12Cr	-	-
Other Unusual Items	-	-8Cr	-9.9Cr	-33Cr	-
EBT, Incl. Unusual Items	75Cr	-1.52TCr	43Cr	2.2Cr	265.5Cr
Income Tax Expense	48Cr	56Cr	76Cr	60Cr	68Cr
Earnings From Continuing Operations	27Cr	-1.58TCr	-33Cr	-58Cr	197Cr
Net Income to Company	27Cr	-1.58TCr	-33Cr	-58Cr	197Cr
Minority Interest	-14Cr	582.1Cr	11Cr	-2.3Cr	-2.7Cr
Net Income - (IS)	13Cr	-994Cr	-22Cr	-60Cr	194.3Cr
Net Income to Common Incl Extra Items	13Cr	-994Cr	-22Cr	-60Cr	194.3Cr
Net Income to Common Excl. Extra Items	13Cr	-994Cr	-22Cr	-60Cr	194.3Cr
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	56Cr	68Cr	82Cr	99Cr	100.8Cr
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	56Cr	68Cr	82Cr	99Cr	101.5Cr
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	302.9Cr	235.3Cr	270.7Cr	293.7Cr	373.3Cr
EBITA	197.6Cr	134.4Cr	185.5Cr	209.8Cr	290.3Cr
EBIT	161.1Cr	103.6Cr	160.2Cr	187.6Cr	264.6Cr
EBITDAR	401.6Cr	314.3Cr	343.4Cr	371.6Cr	458.5Cr
Total Revenues (As Reported)	2.38TCr	2.07TCr	2.05TCr	2.12TCr	2.55TCr
Effective Tax Rate - (Ratio)	64.01	-3.68	177.1	2.73T	25.8
Current Domestic Taxes	-1.2Cr	-5.9Cr	1.1Cr	60L	3.3Cr
Current Foreign Taxes	44Cr	46Cr	61Cr	49Cr	71Cr
Total Current Taxes	43Cr	40Cr	62Cr	50Cr	74Cr
Deferred Domestic Taxes	-1.2Cr	1.1Cr	-2.4Cr	4Cr	-2.7Cr
Deferred Foreign Taxes	6.3Cr	15Cr	16Cr	6.5Cr	-3.2Cr
Total Deferred Taxes	5.1Cr	16Cr	13Cr	10Cr	-5.9Cr
Normalized Net Income	73Cr	629.1Cr	101.6Cr	87Cr	150.24Cr
Non-Cash Pension Expense	-50L	10L	-2.3Cr	-60L	1.8Cr
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	69Cr	60Cr	49Cr	56Cr	66Cr
Net Rental Expense, Total	99Cr	79Cr	73Cr	78Cr	85Cr
Imputed Operating Lease Interest Expense	25Cr	20Cr	20Cr	21Cr	29Cr
Imputed Operating Lease Depreciation	73Cr	59Cr	53Cr	57Cr	57Cr
Stock-Based Comp., Other (Total)	19Cr	21Cr	20Cr	21Cr	20Cr
Total Stock-Based Compensation	19Cr	21Cr	20Cr	21Cr	20Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	324.9Cr	413.2Cr	385.3Cr	248.8Cr	264.6Cr
Short Term Investments	-	151.4Cr	104.1Cr	75Cr	-
Total Cash And Short Term Investments	324.9Cr	564.6Cr	489.4Cr	323.6Cr	264.6Cr
Accounts Receivable, Total	562Cr	473.2Cr	480.5Cr	474.2Cr	568.3Cr
Other Receivables	80Cr	89Cr	85Cr	121.6Cr	139.2Cr
Total Receivables	641.6Cr	562.2Cr	565.1Cr	595.8Cr	707.5Cr
Inventory	460.8Cr	442.1Cr	397.9Cr	458.7Cr	509.4Cr
Other Current Assets, Total	95Cr	77Cr	54Cr	81Cr	148.6Cr
Total Current Assets	1.52TCr	1.65TCr	1.51TCr	1.46TCr	1.63TCr
Gross Property Plant And Equipment	1.15TCr	1.13TCr	1.07TCr	1.04TCr	1.13TCr
Accumulated Depreciation	-438.4Cr	-511.5Cr	-500.3Cr	-512.1Cr	-567.8Cr
Net Property Plant And Equipment	706.9Cr	616Cr	569.9Cr	529.5Cr	566.2Cr
Long-term Investments	-	1.8Cr	-	-	98Cr
Goodwill	2.07TCr	597.7Cr	595.9Cr	593Cr	613.7Cr
Other Intangibles, Total	538.1Cr	439.7Cr	413.1Cr	418Cr	409.3Cr
Accounts Receivable Long-Term	170Cr	182Cr	141.4Cr	134.7Cr	160.2Cr
Deferred Tax Assets Long-Term	95Cr	95Cr	74Cr	66Cr	72Cr
Deferred Charges Long-Term	18Cr	18Cr	18Cr	16Cr	15Cr
Other Long-Term Assets, Total	217.2Cr	204.6Cr	212.1Cr	202.4Cr	129.5Cr
Total Assets	5.34TCr	3.8TCr	3.53TCr	3.42TCr	3.69TCr
Liabilities
Accounts Payable, Total	426.8Cr	353.2Cr	374.5Cr	429.8Cr	447.1Cr
Accrued Expenses, Total	112.1Cr	91Cr	96Cr	84Cr	134.6Cr
Short-term Borrowings	32Cr	89Cr	4Cr	2.9Cr	3.9Cr
Current Portion of Long-Term Debt	-	-	-	65Cr	11Cr
Current Portion of Leases	20Cr	22Cr	20Cr	19Cr	22Cr
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	287Cr	345.4Cr	323.2Cr	382.2Cr	554.2Cr
Other Current Liabilities	123.3Cr	122.4Cr	96Cr	125.2Cr	126.4Cr
Total Current Liabilities	1TCr	1.02TCr	912.8Cr	1.11TCr	1.3TCr
Long-Term Debt	630.1Cr	674.4Cr	669.7Cr	604.9Cr	587.2Cr
Long-Term Leases	64Cr	59Cr	62Cr	55Cr	55Cr
Pension & Other Post Retirement Benefits	107.9Cr	121.7Cr	111Cr	96Cr	98Cr
Deferred Tax Liability Non Current	5.1Cr	19Cr	13Cr	23Cr	18Cr
Other Non Current Liabilities	78Cr	80Cr	88Cr	79Cr	86Cr
Total Liabilities	1.89TCr	1.98TCr	1.86TCr	1.97TCr	2.14TCr
Common Stock, Total	-	-	-	-	-
Additional Paid In Capital	2.36TCr	2.46TCr	2.74TCr	2.81TCr	2.7TCr
Retained Earnings	-	-994.2Cr	-1.02TCr	-1.08TCr	-881.9Cr
Comprehensive Income and Other	-163.6Cr	-177.8Cr	-238.5Cr	-297.1Cr	-279.6Cr
Total Common Equity	2.19TCr	1.29TCr	1.48TCr	1.44TCr	1.54TCr
Minority Interest	1.26TCr	534.9Cr	191.6Cr	13Cr	15Cr
Total Equity	3.45TCr	1.82TCr	1.67TCr	1.45TCr	1.55TCr
Total Liabilities And Equity	5.34TCr	3.8TCr	3.53TCr	3.42TCr	3.69TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	65Cr	73Cr	95Cr	101.12Cr	100.09Cr
ECS Total Common Shares Outstanding	65Cr	72Cr	91Cr	100.6Cr	100Cr
Book Value / Share	33.73	17.81	16.31	14.31	15.4
Tangible Book Value	-414.2Cr	251.9Cr	474Cr	428.4Cr	513.8Cr
Tangible Book Value Per Share	-6.37	3.48	5.21	4.26	5.15
Total Debt	746.4Cr	844.2Cr	755.7Cr	746.7Cr	678.9Cr
Net Debt	421.5Cr	279.6Cr	266.3Cr	423.1Cr	414.3Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	45Cr	60Cr	40Cr	37Cr	36Cr
Debt Equivalent Oper. Leases	789.6Cr	632Cr	581.6Cr	623.2Cr	681.6Cr
Minority Interest, Total (Incl. Fin. Div)	1.26TCr	534.9Cr	191.6Cr	13Cr	15Cr
Equity Method Investments, Total	-	-	-	-	98Cr
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	206.2Cr	208.4Cr	175.1Cr	216.8Cr	246.8Cr
Inventories - Finished Goods, Total	254.6Cr	233.7Cr	222.8Cr	241.9Cr	262.6Cr
Land - (BS)	43Cr	40Cr	35Cr	35Cr	33Cr
Buildings, Total	287Cr	261.8Cr	227.1Cr	212Cr	226.4Cr
Machinery, Total	732.4Cr	745.1Cr	725.9Cr	719.2Cr	797.5Cr
Full Time Employees	68T	55T	54T	55T	58T
Accumulated Allowance for Doubtful Accounts (Supple)	32Cr	37Cr	40Cr	34Cr	35Cr
Order Backlog	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	13Cr	-994Cr	-22Cr	-60Cr	194.3Cr
Depreciation & Amortization - CF	105.3Cr	100.9Cr	85Cr	84Cr	83Cr
Amortization of Goodwill and Intangible Assets - (CF)	36Cr	31Cr	25Cr	22Cr	26Cr
Depreciation & Amortization, Total	141.8Cr	131.7Cr	110.5Cr	106.1Cr	108.7Cr
Minority Interest in Earnings - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	14Cr	35Cr	-	45Cr	-4Cr
(Gain) Loss on Sale of Investments - (CF)	-	-141.7Cr	84Cr	26Cr	-56Cr
Asset Writedown & Restructuring Costs	-	1.6TCr	70L	18Cr	-10L
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	-	21Cr	20Cr
Other Operating Activities, Total	19Cr	-541.5Cr	2.2Cr	5.4Cr	30L
Change In Accounts Receivable	-58Cr	68Cr	-13Cr	-62Cr	-99Cr
Change In Inventories	-20Cr	-8Cr	17Cr	-88Cr	-46Cr
Change In Accounts Payable	25Cr	-71Cr	25Cr	60Cr	6.1Cr
Change in Unearned Revenues	114.7Cr	40Cr	-7.2Cr	110.3Cr	163.9Cr
Change in Other Net Operating Assets	-36Cr	16Cr	40Cr	6.9Cr	18Cr
Cash from Operations	212.6Cr	130.4Cr	237.4Cr	188.8Cr	306.2Cr
Capital Expenditure	-124Cr	-97Cr	-86Cr	-99Cr	-122.4Cr
Sale of Property, Plant, and Equipment	26Cr	19Cr	32Cr	22Cr	21Cr
Cash Acquisitions	-18Cr	-2.6Cr	-18Cr	-84Cr	-30Cr
Divestitures	7.7Cr	19Cr	7Cr	-	29Cr
Investment in Marketable and Equity Securities, Total	-	-	-	-	37Cr
Other Investing Activities, Total	3Cr	80L	19Cr	5.3Cr	-16Cr
Cash from Investing	-104.5Cr	-62Cr	-46Cr	-156.4Cr	-82Cr
Short Term Debt Issued, Total	-	74Cr	-	-	-
Long-Term Debt Issued, Total	52Cr	50Cr	125Cr	-	-
Total Debt Issued	52Cr	123.7Cr	125Cr	-	-
Short Term Debt Repaid, Total	-54Cr	-20Cr	-87Cr	-2.8Cr	-
Long-Term Debt Repaid, Total	-57Cr	-4.2Cr	-131.3Cr	-	-65Cr
Total Debt Repaid	-111.2Cr	-25Cr	-218.6Cr	-2.8Cr	-65Cr
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-43Cr	-83Cr	-54Cr
Common Dividends Paid	-40Cr	-49Cr	-59Cr	-73Cr	-79Cr
Common & Preferred Stock Dividends Paid	-40Cr	-49Cr	-59Cr	-73Cr	-79Cr
Other Financing Activities, Total	-55Cr	-28Cr	-18Cr	-1Cr	-5.3Cr
Cash from Financing	-153.4Cr	22Cr	-214.3Cr	-159.2Cr	-202.8Cr
Foreign Exchange Rate Adjustments	-2.1Cr	-2.8Cr	-4.7Cr	-9.7Cr	-5.9Cr
Net Change in Cash	-47Cr	88Cr	-28Cr	-136.5Cr	16Cr
Supplemental Items
Cash Interest Paid	28Cr	29Cr	30Cr	29Cr	31Cr
Cash Income Tax Paid (Refund)	44Cr	44Cr	31Cr	50Cr	60Cr
Levered Free Cash Flow	191.28Cr	157.79Cr	169.59Cr	142.6Cr	238.92Cr
Unlevered Free Cash Flow	206.09Cr	173.85Cr	186.52Cr	158.35Cr	257.68Cr
Change In Net Working Capital	-69Cr	-54Cr	-41Cr	-13Cr	-86Cr
Net Debt Issued / Repaid	-59Cr	99Cr	-94Cr	-2.8Cr	-65Cr

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