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 Income (Loss)
| Year Ended December 31, | |||
|---|---|---|---|
| (In millions, except per share amounts) | 2024 | 2023 | 2022 |
| Revenue: | |||
| Sales of goods | $17,810 | $15,617 | $12,236 |
| Sales of services | 10,019 | 9,889 | 8,920 |
| Total revenue | 27,829 | 25,506 | 21,156 |
| Costs and expenses: | |||
| Cost of goods sold | 14,792 | 13,309 | 10,445 |
| Cost of services sold | 7,197 | 6,946 | 6,311 |
| Selling, general and administrative | 2,458 | 2,611 | 2,510 |
| Restructuring, impairment and other | 301 | 323 | 705 |
| Total costs and expenses | 24,748 | 23,189 | 19,971 |
| Operating income | 3,081 | 2,317 | 1,185 |
| Other non-operating income (loss), net | 382 | 554 | (911) |
| Interest expense, net | (198) | (216) | (252) |
| Income before income taxes | 3,265 | 2,655 | 22 |
| Provision for income taxes | (257) | (685) | (600) |
| Net income (loss) | 3,008 | 1,970 | (578) |
| Less: Net income attributable to noncontrolling interests | 29 | 27 | 23 |
| Net income (loss) attributable to Baker Hughes Company | $2,979 | $1,943 | $(601) |
| Per share amounts: | |||
| Basic income (loss) per Class A common share | $3.00 | $1.93 | $(0.61) |
| Diluted income (loss) per Class A common share | $2.98 | $1.91 | $(0.61) |
| Cash dividend per Class A common share | $0.84 | $0.78 | $0.73 |
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