Baker Hughes Co
For the period ended Dec 31, 2024. Filed Feb 4, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 4, 2025
BKR$47.77-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| (In millions) | 2024 | 2023 | 2022 |
| Cash flows from operating activities: | |||
| Net income (loss) | $3,008 | $1,970 | $(578) |
| Adjustments to reconcile net income (loss) to net cash flows from operating activities: | |||
| Depreciation and amortization | 1,136 | 1,087 | 1,061 |
| (Benefit) provision for deferred income taxes | (671) | (59) | 105 |
| (Gain) loss on equity securities | (367) | (555) | 265 |
| Stock-based compensation cost | 202 | 197 | 207 |
| Property, plant and equipment impairment, net | 77 | (1) | 166 |
| (Gain) loss on business dispositions | — | (40) | 451 |
| Changes in operating assets and liabilities: | |||
| Current receivables | (159) | (986) | (625) |
| Inventories | (102) | (461) | (885) |
| Accounts payable | 91 | 61 | 605 |
| Progress collections and deferred income | 273 | 1,639 | 1,103 |
| Contract and other deferred assets | (96) | (211) | (76) |
| Other operating items, net | (60) | 421 | 89 |
| Net cash flows provided by operating activities | 3,332 | 3,062 | 1,888 |
| Cash flows from investing activities: | |||
| Expenditures for capital assets | (1,278) | (1,224) | (989) |
| Proceeds from disposal of assets | 203 | 208 | 217 |
| Proceeds from sale of equity securities | 92 | 372 | 26 |
| Proceeds from business dispositions | — | 293 | — |
| Net cash paid for acquisitions | — | (301) | (767) |
| Other investing items, net | (33) | (165) | (51) |
| Net cash flows used in investing activities | (1,016) | (817) | (1,564) |
| Cash flows from financing activities: | |||
| Repayment of long-term debt | (143) | (651) | — |
| Dividends paid | (836) | (786) | (726) |
| Repurchase of Class A common stock | (484) | (538) | (828) |
| Other financing items, net | (64) | (53) | (38) |
| Net cash flows used in financing activities | (1,527) | (2,028) | (1,592) |
| Effect of currency exchange rate changes on cash and cash equivalents | (71) | (59) | (97) |
| Increase (decrease) in cash and cash equivalents | 718 | 158 | (1,365) |
| Cash and cash equivalents, beginning of period | 2,646 | 2,488 | 3,853 |
| Cash and cash equivalents, end of period | $3,364 | $2,646 | $2,488 |
| Supplemental cash flows disclosures: | |||
| Income taxes paid, net of refunds | $1,040 | $595 | $498 |
| Interest paid | $298 | $309 | $291 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.