Baker Hughes Company

NasdaqGS-BKR

Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	2,928	3,008	1,970	-578	-330	-15,761	271	283	-391	185	-631
Net Income
Less: Net Income Attributable to Noncontrolling Interests
Depreciation & Amortization	1,153	1,136	1,087	1,061	1,105	1,317	1,418	1,486	1,103	550	530
Depreciation and Amortization
Stock Based Compensation	201	202	197	207	205	210	—	—	—	—	—
Stock-Based Compensation Cost
Other Adjustments	-917	-961	-655	987	985	15,145	296	-96	-322	-38	1,984
Loss on Business Disposition
Change in Fair Value of Equity Securities
Equity in Income of Affiliate
Property, Plant and Equipment Impairment, Net
Gain on Business Dispositions
Provision for Deferred Income Taxes
Inventory Impairment
Goodwill Impairment
Intangible Assets Impairment
Changes in Trade Receivables	151	-159	-986	-625	-126	680	-583	-204	-1,190	278	469
Current Receivables
Changes in Inventories	85	-102	-461	-885	170	-80	-200	-339	418	367	442
Inventories
Changes in Accounts Payable	-204	91	61	605	246	-711	249	794	303	-256	-450
Accounts Payable
Changes in Unearned Revenue	-305	273	1,639	1,103	-72	396	1,147	-27	-293	-719	-867
Progress Collections and Deferred Income
Changes in Other Operating Activities	169	-156	210	13	191	108	-472	-135	-427	-105	-200
Deferred Charges
All Other Operating Activities
Deferred Charges
Contract and Other Deferred Assets
Other Operating Items, Net
Cash from Operating Activities	3,338	3,332	3,062	1,888	2,374	1,304	2,126	1,762	-799	262	1,277
Net Cash Flows Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-1,249	-1,278	-1,224	-989	-856	-974	-1,240	-995	-665	-424	-607
Expenditures for Capital Assets
Proceeds from Sale of Property, Plant & Equipment	197	203	208	217	315	187	264	458	172	20	30
Proceeds from Disposal of Assets
Proceeds from Sale of Investments	—	92	372	26	147	—	—	—	—	—	—
Proceeds from Sale of Equity Securities
Payments for Business Acquisitions	—	—	-301	-767	-87	-57	-176	-530	-3,375	-16	-86
Net Cash Paid for Business Interests
Net Cash Paid for Acquisitions and Business Interests
Net Cash Paid for Acquisitions
Proceeds from Business Divestments	—	—	293	—	70	—	77	453	20	—	181
Proceeds from Business Dispositions
Other Investing Activities	-88	-33	-165	-51	-52	39	30	36	-275	-52	16
Other Investing Items, Net
Cash from Investing Activities	-1,868	-1,016	-817	-1,564	-463	-618	-1,045	-578	-4,123	-472	-466
Net Cash Flows Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Short-Term Debt	—	—	—	—	—	737	—	—	—	—	177
Net Borrowings of Short-Term Borrowings
Proceeds from Commercial Paper
Repayments of Short-Term Debt	—	—	—	—	-832	-204	-542	-376	-663	-156	—
Net Repayments of Short-Term Debt
Repayment of Commercial Paper
Net Issuance / (Repayments) of Short-Term Debt	—	—	—	—	-832	533	-542	-376	-663	-156	177
Issuance of Long-Term Debt	—	—	—	—	1,250	500	525	—	3,928	—	—
Proceeds from the Issuance of Long-Term Debt
Repayments of Long-Term Debt	—	-143	-651	—	-1,313	-42	-570	-684	-177	—	—
Repayment of Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	—	-143	-651	—	-63	458	-45	-684	3,751	—	—
Repurchases of Common Shares	-392	-484	-538	-828	-434	—	-250	-2,486	-477	—	—
Repurchase of Class A Common Stock
Repurchase of Common Units from GE by BHH LLC
Net Issuance / (Repurchases) of Common Shares	-392	-484	-538	-828	-434	—	-250	-2,486	-477	—	—
Common Share Dividends Paid	-891	-836	-786	-726	-592	-488	-395	-315	-155	—	—
Dividends Paid
Other Financing Activities	-166	-64	-53	-38	-222	-278	-302	-502	8,463	54	-692
Net Transfer from Parent
Contribution Received from GE
Distributions to GE
Other Financing Items, Net
Cash from Financing Activities	-1,458	-1,527	-2,028	-1,592	-2,143	225	-1,534	-4,363	10,919	-102	-515
Net Cash Flows Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	2,089	2,054	1,838	899	1,518	330	886	767	-1,464	-162	670
NOPAT	3,270.1	2,838.5	1,719.2	-31,133.2	-1,010	-16,565.5	386.5	435	-322.1	236.2	-551.1
Levered Free Cash Flow	2,577	2,829	2,631	330	-441	-14,714	586	7	3,136	-558	-1,606
Unlevered Free Cash Flow	2,919.1	2,802.5	3,031.2	-30,225.2	-226	-16,509.5	1,288.5	1,219	116.9	-350.8	-1,703.1
Net Change in Cash	12	789	217	-1,268	-232	911	-453	-3,179	5,997	-312	296