Baker Hughes Co
For the period ended Dec 31, 2024. Filed Feb 4, 2025.
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FY2024 · Filed Feb 4, 2025
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Consolidated Statements of Financial Position
| December 31, | ||
|---|---|---|
| (In millions, except par value) | 2024 | 2023 |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $3,364 | $2,646 |
| Current receivables, net | 7,122 | 7,075 |
| Inventories, net | 4,954 | 5,094 |
| All other current assets | 1,771 | 1,486 |
| Total current assets | 17,211 | 16,301 |
| Property, plant and equipment, less accumulated depreciation | 5,127 | 4,893 |
| Goodwill | 6,078 | 6,137 |
| Other intangible assets, net | 3,951 | 4,093 |
| Contract and other deferred assets | 1,730 | 1,756 |
| Deferred income tax assets | 1,284 | 722 |
| All other assets | 2,982 | 3,043 |
| Total assets | $38,363 | $36,945 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $4,542 | $4,471 |
| Short-term and current portion of long-term debt | 53 | 148 |
| Progress collections and deferred income | 5,672 | 5,542 |
| All other current liabilities | 2,724 | 2,830 |
| Total current liabilities | 12,991 | 12,991 |
| Long-term debt | 5,970 | 5,872 |
| Liabilities for pensions and other postretirement benefits | 988 | 978 |
| Deferred income tax liabilities | 83 | 176 |
| All other liabilities | 1,276 | 1,409 |
| Equity: | ||
| Class A common stock, $0.0001 par value - 2,000 authorized, 990 and 998 issued and outstanding as of December 31, 2024 and 2023, respectively | — | — |
| Class B common stock, $0.0001 par value - 1,250 authorized, nil issued and outstanding as of December 31, 2024 and 2023 | — | — |
| Capital in excess of par value | 25,896 | 26,983 |
| Retained loss | (5,840) | (8,819) |
| Accumulated other comprehensive loss | (3,161) | (2,796) |
| Baker Hughes Company equity | 16,895 | 15,368 |
| Noncontrolling interests | 160 | 151 |
| Total equity | 17,055 | 15,519 |
| Total liabilities and equity | $38,363 | $36,945 |
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