Baker Hughes Co
For the period ended Dec 31, 2023. Filed Feb 5, 2024.
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FY2023 · Filed Feb 5, 2024
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Consolidated Statements of Financial Position
| December 31, | ||
|---|---|---|
| (In millions, except par value) | 2023 | 2022 |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $2,646 | $2,488 |
| Current receivables, net | 7,075 | 5,958 |
| Inventories, net | 5,094 | 4,587 |
| All other current assets | 1,486 | 1,559 |
| Total current assets | 16,301 | 14,592 |
| Property, plant and equipment, less accumulated depreciation | 4,893 | 4,538 |
| Goodwill | 6,137 | 5,930 |
| Other intangible assets, net | 4,093 | 4,180 |
| Contract and other deferred assets | 1,756 | 1,503 |
| All other assets | 3,043 | 2,781 |
| Deferred income taxes | 722 | 657 |
| Total assets | $36,945 | $34,181 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $4,471 | $4,298 |
| Short-term and current portion of long-term debt | 148 | 677 |
| Progress collections and deferred income | 5,542 | 3,822 |
| All other current liabilities | 2,830 | 2,278 |
| Total current liabilities | 12,991 | 11,075 |
| Long-term debt | 5,872 | 5,980 |
| Deferred income taxes | 176 | 229 |
| Liabilities for pensions and other postretirement benefits | 978 | 960 |
| All other liabilities | 1,409 | 1,412 |
| Equity: | ||
| Class A common stock, $0.0001 par value - 2,000 authorized, 998 and 1,006 issued and outstanding as of December 31, 2023 and 2022, respectively | — | — |
| Class B common stock, $0.0001 par value - 1,250 authorized, nil issued and outstanding as of December 31, 2023 and 2022 | — | — |
| Capital in excess of par value | 26,983 | 28,126 |
| Retained loss | (8,819) | (10,761) |
| Accumulated other comprehensive loss | (2,796) | (2,971) |
| Baker Hughes Company equity | 15,368 | 14,394 |
| Noncontrolling interests | 151 | 131 |
| Total equity | 15,519 | 14,525 |
| Total liabilities and equity | $36,945 | $34,181 |
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