Baker Hughes Company(NASDAQ:BKR)
Baker Hughes Company provides a portfolio of technologies and services worldwide. The company operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). The OFS segment offers exploration, drilling, wirelin...
Website: http://www.bhge.com
Founded: 1987
Full Time Employees: 58,000
CEO: Lorenzo Simonelli
Sector: Energy
Industry: Oil & Gas Equipment & Services
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
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revenue: | ||||||||||||||||||||||||||||||||||||
sales of goods | 4,357,000,000 | 4,943,000,000 | 4,613,000,000 | 4,516,000,000 | 4,144,000,000 | 4,847,000,000 | 4,413,000,000 | 4,552,000,000 | 3,999,000,000 | 4,297,000,000 | 4,044,000,000 | 3,793,000,000 | 3,484,000,000 | 3,526,000,000 | 3,084,000,000 | 2,817,000,000 | 2,809,000,000 | 3,251,000,000 | 2,984,000,000 | 3,078,000,000 | 2,936,000,000 | 3,606,000,000 | 3,290,000,000 | 2,868,000,000 | 3,082,000,000 | 3,803,000,000 | 3,339,000,000 | 3,346,000,000 | 3,202,000,000 | 3,692,000,000 | 3,142,000,000 | 3,119,000,000 | 3,357,000,000 | 3,097,000,000 | 3,160,000,000 | |
sales of services | 2,230,000,000 | 2,443,000,000 | 2,397,000,000 | 2,394,000,000 | 2,283,000,000 | 2,517,000,000 | 2,495,000,000 | 2,587,000,000 | 2,419,000,000 | 2,538,000,000 | 2,597,000,000 | 2,522,000,000 | 2,232,000,000 | 2,379,000,000 | 2,285,000,000 | 2,230,000,000 | 2,026,000,000 | 2,234,000,000 | 2,109,000,000 | 2,064,000,000 | 1,846,000,000 | 1,889,000,000 | 1,759,000,000 | 1,868,000,000 | 2,343,000,000 | 2,545,000,000 | 2,543,000,000 | 2,648,000,000 | 2,413,000,000 | 2,573,000,000 | 2,523,000,000 | 2,429,000,000 | 2,406,000,000 | 2,278,000,000 | 2,239,000,000 | |
total revenue | 6,587,000,000 | 7,386,000,000 | 7,010,000,000 | 6,910,000,000 | 6,427,000,000 | 7,364,000,000 | 6,908,000,000 | 7,139,000,000 | 6,418,000,000 | 6,835,000,000 | 6,641,000,000 | 6,315,000,000 | 5,716,000,000 | 5,905,000,000 | 5,369,000,000 | 5,047,000,000 | 4,835,000,000 | 5,485,000,000 | 5,093,000,000 | 5,142,000,000 | 4,782,000,000 | 5,495,000,000 | 5,049,000,000 | 4,736,000,000 | 5,425,000,000 | 6,348,000,000 | 5,882,000,000 | 5,994,000,000 | 5,615,000,000 | 6,265,000,000 | 5,665,000,000 | 5,548,000,000 | 5,763,000,000 | 5,375,000,000 | 5,399,000,000 | |
yoy | 2.49% | 0.30% | 1.48% | -3.21% | 0.14% | 7.74% | 4.02% | 13.05% | 12.28% | 15.75% | 23.69% | 25.12% | 18.22% | 7.66% | 5.42% | -1.85% | 1.11% | -0.18% | 0.87% | 8.57% | -11.85% | -13.44% | -14.16% | -20.99% | -3.38% | 1.32% | 3.83% | 8.04% | -2.57% | 16.56% | 2.76% | |||||
qoq | -10.82% | 5.36% | 1.45% | 7.52% | -12.72% | 6.60% | -3.24% | 11.23% | -6.10% | 2.92% | 5.16% | 10.48% | -3.20% | 9.98% | 6.38% | 4.38% | -11.85% | 7.70% | -0.95% | 7.53% | -12.98% | 8.83% | 6.61% | -12.70% | -14.54% | 7.92% | -1.87% | 6.75% | -10.38% | 10.59% | 2.11% | -3.73% | 7.22% | |||
costs and expenses: | ||||||||||||||||||||||||||||||||||||
cost of goods sold | 3,431,000,000 | 3,863,000,000 | 3,593,000,000 | 3,602,000,000 | 3,329,000,000 | 4,029,000,000 | 3,581,000,000 | 3,780,000,000 | 3,401,000,000 | 3,605,000,000 | 3,467,000,000 | 3,255,000,000 | 2,982,000,000 | 2,943,000,000 | 2,639,000,000 | 2,495,000,000 | 2,366,000,000 | 2,689,000,000 | 2,561,000,000 | 2,674,000,000 | 2,534,000,000 | 3,087,000,000 | 2,920,000,000 | 2,531,000,000 | 2,846,000,000 | 3,151,000,000 | 2,901,000,000 | 2,937,000,000 | 2,810,000,000 | 3,153,000,000 | 2,819,000,000 | 2,752,000,000 | 3,061,000,000 | 2,589,000,000 | 2,800,000,000 | |
cost of services sold | 1,652,000,000 | 1,770,000,000 | 1,716,000,000 | 1,693,000,000 | 1,623,000,000 | 1,805,000,000 | 1,785,000,000 | 1,869,000,000 | 1,739,000,000 | 1,783,000,000 | 1,831,000,000 | 1,749,000,000 | 1,585,000,000 | 1,625,000,000 | 1,606,000,000 | 1,582,000,000 | 1,499,000,000 | 1,591,000,000 | 1,522,000,000 | 1,492,000,000 | 1,390,000,000 | 1,399,000,000 | 1,372,000,000 | 1,527,000,000 | 1,824,000,000 | 1,903,000,000 | 1,880,000,000 | 1,995,000,000 | 1,829,000,000 | 1,876,000,000 | 1,873,000,000 | 1,860,000,000 | 1,826,000,000 | 1,766,000,000 | 1,758,000,000 | |
selling, general and administrative | 562,000,000 | 636,000,000 | 607,000,000 | 567,000,000 | 577,000,000 | 585,000,000 | 612,000,000 | 643,000,000 | 618,000,000 | 634,000,000 | 627,000,000 | 695,000,000 | 655,000,000 | 645,000,000 | 620,000,000 | 624,000,000 | 621,000,000 | 634,000,000 | 607,000,000 | 642,000,000 | 587,000,000 | 574,000,000 | 565,000,000 | 590,000,000 | 675,000,000 | 749,000,000 | 679,000,000 | |||||||||
research and development costs | 133,000,000 | 147,000,000 | 146,000,000 | 161,000,000 | 146,000,000 | |||||||||||||||||||||||||||||||
restructuring | 37,000,000 | |||||||||||||||||||||||||||||||||||
other expense | -588,000,000 | 166,000,000 | 71,000,000 | -134,000,000 | 140,000,000 | |||||||||||||||||||||||||||||||
interest expense | 86,000,000 | 61,000,000 | 56,000,000 | 54,000,000 | 51,000,000 | -55,000,000 | -55,000,000 | -47,000,000 | -41,000,000 | -45,000,000 | -49,000,000 | -58,000,000 | -64,000,000 | -64,000,000 | -65,000,000 | -60,000,000 | -64,000,000 | -94,000,000 | -67,000,000 | -65,000,000 | -74,000,000 | -69,000,000 | -66,000,000 | -69,000,000 | -59,000,000 | -63,000,000 | -59,000,000 | -56,000,000 | -59,000,000 | -59,000,000 | -55,000,000 | -63,000,000 | -56,000,000 | -42,000,000 | -46,000,000 | |
income before income taxes | 1,274,000,000 | 528,000,000 | 821,000,000 | 967,000,000 | 561,000,000 | 792,000,000 | 1,009,000,000 | 824,000,000 | 641,000,000 | 522,000,000 | 759,000,000 | 614,000,000 | 760,000,000 | 345,000,000 | 144,000,000 | -655,000,000 | 187,000,000 | 688,000,000 | 209,000,000 | 66,000,000 | -536,000,000 | -4,180,500,000 | -264,000,000 | -376,000,000 | -16,093,000,000 | |||||||||||
provision for income taxes | -336,000,000 | 359,000,000 | -204,000,000 | -256,000,000 | -152,000,000 | 399,000,000 | -235,000,000 | -243,000,000 | -178,000,000 | -71,000,000 | -235,000,000 | -200,000,000 | -179,000,000 | -157,000,000 | -153,000,000 | -182,000,000 | -107,000,000 | -69,000,000 | -5,000,000 | -213,000,000 | -107,000,000 | -172,000,000 | -110,000,000 | 51,000,000 | -93,000,000 | |||||||||||
net income | 938,000,000 | 887,000,000 | 617,000,000 | 711,000,000 | 409,000,000 | 1,191,000,000 | 774,000,000 | 581,000,000 | 463,000,000 | 451,000,000 | 524,000,000 | 414,000,000 | 581,000,000 | 188,000,000 | -9,000,000 | -837,000,000 | 80,000,000 | 336,000,000 | 16,000,000 | -77,000,000 | -605,000,000 | 951,000,000 | -270,000,000 | -355,000,000 | -16,098,000,000 | 94,000,000 | 117,000,000 | -11,000,000 | 71,000,000 | 302,000,000 | 38,000,000 | -38,000,000 | -82,000,000 | -273,000,000 | -19,000,000 | |
yoy | 129.34% | -25.52% | -20.28% | 22.38% | -11.66% | 164.08% | 47.71% | 40.34% | -20.31% | 139.89% | -5922.22% | -149.46% | 626.25% | -44.05% | -156.25% | 987.01% | -113.22% | -64.67% | -105.93% | -78.31% | -96.24% | 911.70% | -330.77% | 3127.27% | -22773.24% | -68.87% | 207.89% | -71.05% | -186.59% | -210.62% | NaN% | 100.00% | ||||
qoq | 5.75% | 43.76% | -13.22% | 73.84% | -65.66% | 53.88% | 33.22% | 25.49% | 2.66% | -13.93% | 26.57% | -28.74% | 209.04% | -2188.89% | -98.92% | -1146.25% | -76.19% | 2000.00% | -120.78% | -87.27% | -163.62% | -452.22% | -23.94% | -97.79% | -17225.53% | -19.66% | -1163.64% | -115.49% | -76.49% | 694.74% | -200.00% | -53.66% | -69.96% | NaN% | NaN% | |
net income margin % | 14.24% | 12.01% | 8.80% | 10.29% | 6.36% | 16.17% | 11.20% | 8.14% | 7.21% | 6.60% | 7.89% | 6.56% | 10.16% | 3.18% | -0.17% | -16.58% | 1.65% | 6.13% | 0.31% | -1.50% | -12.65% | 17.31% | -5.35% | -7.50% | -296.74% | 1.48% | 1.99% | -0.18% | 1.26% | 4.82% | 0.67% | -0.68% | -1.42% | -5.08% | NaN% | -0.35% |
less: net income attributable to noncontrolling interests | 8,000,000 | 11,000,000 | 8,000,000 | 10,000,000 | 7,000,000 | 12,000,000 | 8,000,000 | 2,000,000 | 8,000,000 | 11,000,000 | 6,000,000 | 4,000,000 | 5,000,000 | 6,000,000 | 8,000,000 | 2,000,000 | 8,000,000 | 43,000,000 | 8,000,000 | 299,000,000 | -100,000,000 | -154,000,000 | -5,888,000,000 | 46,000,000 | 60,000,000 | -2,000,000 | 39,000,000 | 171,000,000 | 25,000,000 | -19,000,000 | ||||||
net income attributable to baker hughes company | 930,000,000 | 876,000,000 | 609,000,000 | 701,000,000 | 402,000,000 | 1,179,000,000 | 766,000,000 | 579,000,000 | 455,000,000 | 440,000,000 | 518,000,000 | 410,000,000 | 576,000,000 | -195,750,000 | -17,000,000 | 72,000,000 | 293,000,000 | 8,000,000 | 652,000,000 | -170,000,000 | -201,000,000 | -10,210,000,000 | 48,000,000 | 57,000,000 | ||||||||||||
per share amounts: | ||||||||||||||||||||||||||||||||||||
basic income per class a common stock | 0.94 | 0.433 | 0.62 | 0.71 | 0.41 | 0.453 | 0.77 | 0.58 | 0.46 | 0.373 | 0.51 | 0.41 | ||||||||||||||||||||||||
diluted income per class a common stock | 0.93 | 0.43 | 0.61 | 0.71 | 0.4 | 0.45 | 0.77 | 0.58 | 0.45 | 0.37 | 0.51 | 0.4 | ||||||||||||||||||||||||
cash dividend per class a common stock | 0.23 | 0.173 | 0.23 | 0.23 | 0.23 | 0.158 | 0.21 | 0.21 | 0.21 | 0.145 | 0.2 | 0.19 | 0.19 | 0.135 | 0.18 | 0.18 | 0.18 | 0.135 | 0.18 | 0.18 | 0.18 | 0.135 | 0.18 | 0.18 | 0.18 | 0.135 | 0.18 | 0.18 | 0.18 | 0.135 | 0.18 | 0.18 | 0.18 | |||
restructuring, impairment and other | 280,000,000 | 14,000,000 | 7,000,000 | 162,000,000 | 2,000,000 | 102,000,000 | 56,000,000 | 29,000,000 | 230,000,000 | 362,000,000 | 61,000,000 | -10,000,000 | 14,000,000 | 125,000,000 | 80,000,000 | 229,000,000 | 209,000,000 | 103,000,000 | 1,325,000,000 | 159,000,000 | 71,000,000 | 50,000,000 | 62,000,000 | 59,000,000 | 66,000,000 | 146,000,000 | 120,000,000 | 191,000,000 | 162,000,000 | |||||||
total costs and expenses | 6,699,000,000 | 5,978,000,000 | 6,306,000,000 | 5,765,000,000 | 6,184,000,000 | 5,927,000,000 | 5,801,000,000 | 5,278,000,000 | 5,242,000,000 | 5,100,000,000 | 5,072,000,000 | 4,556,000,000 | 4,911,000,000 | 4,715,000,000 | 4,948,000,000 | 4,618,000,000 | 5,313,000,000 | 5,098,000,000 | 4,788,000,000 | 21,484,000,000 | 6,018,000,000 | 5,585,000,000 | 5,723,000,000 | 5,439,000,000 | 5,883,000,000 | 5,383,000,000 | 5,470,000,000 | 5,855,000,000 | 5,497,000,000 | 5,440,000,000 | ||||||
operating income | 665,000,000 | 930,000,000 | 833,000,000 | 653,000,000 | 651,000,000 | 714,000,000 | 514,000,000 | 438,000,000 | 663,000,000 | 269,000,000 | -25,000,000 | 279,000,000 | 574,000,000 | 378,000,000 | 194,000,000 | 164,000,000 | 182,000,000 | -49,000,000 | -52,000,000 | -16,059,000,000 | 330,000,000 | 297,000,000 | 271,000,000 | 176,000,000 | 382,000,000 | 282,000,000 | 78,000,000 | -92,000,000 | -122,000,000 | -41,000,000 | ||||||
yoy | 2.15% | 30.25% | 62.06% | 49.09% | -1.81% | 165.43% | -2156.00% | 56.99% | 15.51% | -28.84% | -112.89% | 70.12% | 215.38% | -871.43% | -473.08% | -101.02% | -44.85% | -116.50% | -119.19% | -9224.43% | -13.61% | 5.32% | 247.44% | -291.30% | -413.11% | NaN% | -290.24% | |||||||||
qoq | -28.49% | 11.64% | 27.57% | 0.31% | -8.82% | 38.91% | 17.35% | -33.94% | 146.47% | -1176.00% | -108.96% | -51.39% | 51.85% | 94.85% | 18.29% | -9.89% | -471.43% | -5.77% | -99.68% | -4966.36% | 11.11% | 9.59% | 53.98% | -53.93% | 35.46% | 261.54% | -184.78% | -24.59% | NaN% | NaN% | ||||||
operating margin % | 0% | 0% | 0% | 0% | 0% | 9.03% | 13.46% | 11.67% | 10.17% | 9.52% | 10.75% | 8.14% | 7.66% | 11.23% | 5.01% | -0.50% | 5.77% | 10.46% | 7.42% | 3.77% | 3.43% | 3.31% | -0.97% | -1.10% | -296.02% | 5.20% | 5.05% | 4.52% | 3.13% | 6.10% | 4.98% | 1.41% | -1.60% | -2.27% | NaN% | -0.76% |
other non-operating income | 182,000,000 | 134,000,000 | 38,000,000 | 29,000,000 | -84,000,000 | 94,000,000 | 158,000,000 | 386,000,000 | -626,000,000 | 25,000,000 | ||||||||||||||||||||||||||
basic & diluted income per class a common stock | 0.57 | -0.2 | -0.02 | 0.08 | -0.16 | 0.01 | ||||||||||||||||||||||||||||||
separation related | 5,000,000 | 9,000,000 | 9,000,000 | 7,000,000 | 11,000,000 | 15,000,000 | 27,000,000 | 27,500,000 | 32,000,000 | 37,000,000 | ||||||||||||||||||||||||||
other non-operating loss | -164,250,000 | -60,000,000 | -570,000,000 | -28,000,000 | -197,750,000 | -102,000,000 | -63,000,000 | -91,750,000 | -149,000,000 | -255,000,000 | ||||||||||||||||||||||||||
net loss attributable to baker hughes company | -839,000,000 | -68,000,000 | -452,000,000 | |||||||||||||||||||||||||||||||||
basic & diluted loss per class a common stock | -0.84 | |||||||||||||||||||||||||||||||||||
goodwill impairment | 14,773,000,000 | |||||||||||||||||||||||||||||||||||
benefit for income taxes | -101,500,000 | -193,000,000 | -143,000,000 | 2,500,000 | -6,000,000 | 21,000,000 | -95,000,000 | -67,000,000 | -62,000,000 | 86,000,000 | ||||||||||||||||||||||||||
less: net loss attributable to noncontrolling interests | -9,000,000 | -153,000,000 | -113,000,000 | -169,000,000 | -89,000,000 | |||||||||||||||||||||||||||||||
basic and diluted loss per class a common stock | -0.08 | -0.61 | ||||||||||||||||||||||||||||||||||
basic and diluted earnings per class a common stock | -4.003 | -0.25 | -0.31 | -15.64 | 0.038 | 0.11 | -0.02 | 0.06 | ||||||||||||||||||||||||||||
separation and merger related | 41,000,000 | 56,000,000 | 54,000,000 | |||||||||||||||||||||||||||||||||
other non operating income | 40,000,000 | -14,000,000 | -131,000,000 | 21,000,000 | 151,000,000 | 6,000,000 | 43,000,000 | 13,000,000 | -3,000,000 | 2,000,000 | ||||||||||||||||||||||||||
income before income taxes and equity in loss of affiliate | 307,000,000 | 224,000,000 | 84,000,000 | 138,000,000 | 474,000,000 | 233,000,000 | 58,000,000 | -135,000,000 | -167,000,000 | -85,000,000 | ||||||||||||||||||||||||||
equity in loss of affiliate | -85,000,000 | -34,000,000 | 2,000,000 | -13,000,000 | -20,000,000 | |||||||||||||||||||||||||||||||
selling, general and administrative expenses | 701,000,000 | 704,000,000 | 755,000,000 | 608,000,000 | 662,000,000 | 785,000,000 | 792,000,000 | 674,000,000 | ||||||||||||||||||||||||||||
separation and merger related costs | 40,000,000 | 34,000,000 | ||||||||||||||||||||||||||||||||||
net income attributable to baker hughes, a ge company | -9,000,000 | 32,000,000 | 131,000,000 | 13,000,000 | -19,000,000 | 70,000,000 | ||||||||||||||||||||||||||||||
merger and related costs | 40,000,000 | 17,000,000 | 50,000,000 | 63,000,000 | 159,000,000 | 46,000,000 | ||||||||||||||||||||||||||||||
less: net income attributable to ge o&g pre-merger | ||||||||||||||||||||||||||||||||||||
basic earnings per class a common stock | 0.038 | 0.03 | -0.05 | 0.17 | ||||||||||||||||||||||||||||||||
diluted earnings per class a common stock | 0.038 | 0.03 | -0.05 | 0.17 | ||||||||||||||||||||||||||||||||
net loss attributable to baker hughes, a ge company | 31,000,000 | -104,000,000 | ||||||||||||||||||||||||||||||||||
basic and diluted loss per class a common share | 0.07 | -0.24 | ||||||||||||||||||||||||||||||||||
cash dividend per class a common share | 0.18 | 0.17 | ||||||||||||||||||||||||||||||||||
special dividend per class a common share | 17.5 | |||||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||||
sale of goods | ||||||||||||||||||||||||||||||||||||
sale of services | ||||||||||||||||||||||||||||||||||||
total revenues | ||||||||||||||||||||||||||||||||||||
costs and expenses | ||||||||||||||||||||||||||||||||||||
research and development | ||||||||||||||||||||||||||||||||||||
other expenses/ (income) | ||||||||||||||||||||||||||||||||||||
basic and diluted income per share | ||||||||||||||||||||||||||||||||||||
shares used in computing basic and diluted income per share | 100 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 14,764,000,000 | 3,715,000,000 | 2,693,000,000 | 3,087,000,000 | 3,277,000,000 | 3,364,000,000 | 2,664,000,000 | 2,284,000,000 | 2,717,000,000 | 2,646,000,000 | 3,201,000,000 | 2,805,000,000 | 2,415,000,000 | 2,488,000,000 | 2,851,000,000 | 2,928,000,000 | 3,191,000,000 | 3,853,000,000 | 3,926,000,000 | 3,913,000,000 | 4,382,000,000 | 4,132,000,000 | 4,061,000,000 | 4,132,000,000 | 3,010,000,000 | 3,249,000,000 | 2,808,000,000 | 3,138,000,000 | 3,073,000,000 | |||||||
current receivables | 6,696,000,000 | 6,641,000,000 | 6,555,000,000 | 6,511,000,000 | 6,710,000,000 | 7,122,000,000 | 6,920,000,000 | 7,051,000,000 | 6,873,000,000 | 7,075,000,000 | 6,505,000,000 | 6,418,000,000 | 6,291,000,000 | 5,958,000,000 | 5,583,000,000 | 5,572,000,000 | 5,738,000,000 | 5,651,000,000 | 5,326,000,000 | 5,407,000,000 | 5,263,000,000 | 5,622,000,000 | 5,647,000,000 | 5,636,000,000 | 6,148,000,000 | 6,416,000,000 | 6,165,000,000 | 6,310,000,000 | 6,319,000,000 | 5,969,000,000 | 5,809,000,000 | 6,038,000,000 | 5,865,000,000 | 6,014,000,000 | 5,194,000,000 | 5,865,000,000 |
inventories | 4,868,000,000 | 4,954,000,000 | 5,036,000,000 | 5,105,000,000 | 5,161,000,000 | 4,954,000,000 | 5,254,000,000 | 5,126,000,000 | 5,339,000,000 | 5,094,000,000 | 4,964,000,000 | 4,957,000,000 | 4,786,000,000 | 4,587,000,000 | 4,111,000,000 | 4,052,000,000 | 4,151,000,000 | 3,979,000,000 | 4,110,000,000 | 4,212,000,000 | 4,181,000,000 | 4,421,000,000 | 4,469,000,000 | 4,616,000,000 | 4,534,000,000 | 4,608,000,000 | 4,739,000,000 | 4,807,000,000 | 4,871,000,000 | 4,620,000,000 | 4,681,000,000 | 4,675,000,000 | 4,696,000,000 | 4,590,000,000 | 5,309,000,000 | 4,696,000,000 |
all other current assets | 2,263,000,000 | 3,518,000,000 | 3,245,000,000 | 2,915,000,000 | 1,693,000,000 | 1,771,000,000 | 1,730,000,000 | 1,469,000,000 | 1,491,000,000 | 1,486,000,000 | 1,491,000,000 | 1,626,000,000 | 1,894,000,000 | 1,559,000,000 | 1,790,000,000 | 1,647,000,000 | 1,627,000,000 | 1,582,000,000 | 1,525,000,000 | 1,980,000,000 | 1,960,000,000 | 2,280,000,000 | 1,031,000,000 | 1,118,000,000 | 961,000,000 | 949,000,000 | 1,057,000,000 | 730,000,000 | 649,000,000 | 659,000,000 | 863,000,000 | 850,000,000 | 862,000,000 | 872,000,000 | 1,301,000,000 | 862,000,000 |
total current assets | 28,591,000,000 | 18,828,000,000 | 17,529,000,000 | 17,618,000,000 | 16,841,000,000 | 17,211,000,000 | 16,568,000,000 | 15,930,000,000 | 16,420,000,000 | 16,301,000,000 | 16,161,000,000 | 15,806,000,000 | 15,386,000,000 | 14,592,000,000 | 14,335,000,000 | 14,199,000,000 | 14,707,000,000 | 15,065,000,000 | 14,887,000,000 | 15,512,000,000 | 15,786,000,000 | 16,455,000,000 | 15,208,000,000 | 15,502,000,000 | 14,653,000,000 | 15,222,000,000 | 14,769,000,000 | 14,985,000,000 | 14,912,000,000 | 14,971,000,000 | 16,118,000,000 | 16,442,000,000 | 17,054,000,000 | 18,499,000,000 | 16,581,000,000 | 17,054,000,000 |
property, plant and equipment | 5,540,000,000 | 5,326,000,000 | 5,264,000,000 | 5,176,000,000 | 5,168,000,000 | 5,127,000,000 | 5,150,000,000 | 4,951,000,000 | 4,931,000,000 | 4,893,000,000 | 4,768,000,000 | 4,723,000,000 | 4,513,000,000 | 4,538,000,000 | 4,381,000,000 | 4,531,000,000 | 4,804,000,000 | 4,877,000,000 | 4,982,000,000 | 5,086,000,000 | 5,163,000,000 | 5,358,000,000 | 5,536,000,000 | 5,710,000,000 | 5,997,000,000 | 6,240,000,000 | 6,141,000,000 | 6,130,000,000 | 6,218,000,000 | 6,228,000,000 | 6,226,000,000 | 6,335,000,000 | 6,593,000,000 | 6,959,000,000 | 6,593,000,000 | |
goodwill | 6,032,000,000 | 6,068,000,000 | 6,051,000,000 | 5,801,000,000 | 6,126,000,000 | 6,078,000,000 | 6,167,000,000 | 6,105,000,000 | 6,114,000,000 | 6,137,000,000 | 6,048,000,000 | 6,074,000,000 | 5,916,000,000 | 5,930,000,000 | 5,435,000,000 | 5,741,000,000 | 5,989,000,000 | 5,959,000,000 | 6,015,000,000 | 6,052,000,000 | 5,969,000,000 | 5,977,000,000 | 5,923,000,000 | 5,868,000,000 | 5,878,000,000 | 20,690,000,000 | 20,654,000,000 | 20,705,000,000 | 20,762,000,000 | 20,717,000,000 | 20,790,000,000 | 20,758,000,000 | 20,435,000,000 | 19,927,000,000 | 20,395,000,000 | 20,435,000,000 |
other intangible assets | 4,073,000,000 | 4,097,000,000 | 4,180,000,000 | 3,919,000,000 | 3,927,000,000 | 3,951,000,000 | 3,995,000,000 | 4,019,000,000 | 4,055,000,000 | 4,093,000,000 | 4,104,000,000 | 4,124,000,000 | 4,123,000,000 | 4,180,000,000 | 3,980,000,000 | 4,049,000,000 | 4,118,000,000 | 4,131,000,000 | 4,151,000,000 | 4,202,000,000 | 4,228,000,000 | 4,397,000,000 | 4,377,000,000 | 4,416,000,000 | 4,576,000,000 | 5,381,000,000 | 5,431,000,000 | 5,510,000,000 | 5,663,000,000 | 5,719,000,000 | 5,831,000,000 | 5,973,000,000 | 6,203,000,000 | 6,358,000,000 | 6,826,000,000 | 6,203,000,000 |
contract and other deferred assets | 1,747,000,000 | 1,620,000,000 | 1,712,000,000 | 1,841,000,000 | 1,680,000,000 | 1,730,000,000 | 1,904,000,000 | 1,868,000,000 | 1,824,000,000 | 1,756,000,000 | 1,778,000,000 | 1,776,000,000 | 1,603,000,000 | 1,503,000,000 | 1,526,000,000 | 1,547,000,000 | 1,671,000,000 | 1,598,000,000 | 1,738,000,000 | 1,836,000,000 | 1,899,000,000 | 2,001,000,000 | 1,971,000,000 | 1,875,000,000 | 1,826,000,000 | 1,881,000,000 | 1,851,000,000 | 1,849,000,000 | 1,808,000,000 | 1,894,000,000 | 2,001,000,000 | 1,911,000,000 | 1,931,000,000 | 1,931,000,000 | ||
deferred income tax assets | 1,729,000,000 | 1,957,000,000 | 1,410,000,000 | 1,371,000,000 | 1,363,000,000 | 1,284,000,000 | ||||||||||||||||||||||||||||||
all other assets | 3,184,000,000 | 2,985,000,000 | 3,087,000,000 | 3,014,000,000 | 3,005,000,000 | 2,982,000,000 | 3,097,000,000 | 3,107,000,000 | 3,067,000,000 | 3,043,000,000 | 3,004,000,000 | 2,920,000,000 | 2,838,000,000 | 2,781,000,000 | 2,807,000,000 | 2,913,000,000 | 2,944,000,000 | 2,943,000,000 | 3,025,000,000 | 2,990,000,000 | 2,848,000,000 | 2,866,000,000 | 3,019,000,000 | 2,978,000,000 | 2,984,000,000 | 3,001,000,000 | 2,760,000,000 | 2,799,000,000 | 2,769,000,000 | 1,838,000,000 | 1,422,000,000 | 1,484,000,000 | 1,718,000,000 | 2,080,000,000 | 1,668,000,000 | 1,718,000,000 |
total assets | 50,896,000,000 | 40,881,000,000 | 39,233,000,000 | 38,740,000,000 | 38,110,000,000 | 38,363,000,000 | 37,530,000,000 | 36,656,000,000 | 37,141,000,000 | 36,945,000,000 | 36,550,000,000 | 36,093,000,000 | 35,042,000,000 | 34,181,000,000 | 33,165,000,000 | 33,753,000,000 | 34,994,000,000 | 35,308,000,000 | 35,772,000,000 | 36,669,000,000 | 36,836,000,000 | 38,007,000,000 | 37,339,000,000 | 37,523,000,000 | 37,229,000,000 | 53,369,000,000 | 52,549,000,000 | 52,876,000,000 | 53,129,000,000 | 52,439,000,000 | 53,600,000,000 | 54,090,000,000 | 55,221,000,000 | 57,050,000,000 | 54,810,000,000 | 55,221,000,000 |
liabilities and equity | ||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||
accounts payable | 4,257,000,000 | 4,579,000,000 | 4,196,000,000 | 4,340,000,000 | 4,465,000,000 | 4,542,000,000 | 4,431,000,000 | 4,649,000,000 | 4,595,000,000 | 4,471,000,000 | 4,123,000,000 | 4,154,000,000 | 4,263,000,000 | 4,298,000,000 | 3,800,000,000 | 3,764,000,000 | 3,755,000,000 | 3,745,000,000 | 3,514,000,000 | 3,593,000,000 | 3,468,000,000 | 3,532,000,000 | 3,482,000,000 | 3,628,000,000 | 3,991,000,000 | 4,268,000,000 | 3,870,000,000 | 3,966,000,000 | 3,918,000,000 | 4,025,000,000 | 3,686,000,000 | 3,574,000,000 | 3,439,000,000 | 3,377,000,000 | 3,203,000,000 | 3,439,000,000 |
short-term debt | 753,000,000 | 68,000,000 | 66,000,000 | 55,000,000 | ||||||||||||||||||||||||||||||||
progress collections and deferred income | 5,999,000,000 | 5,904,000,000 | 5,511,000,000 | 5,680,000,000 | 5,589,000,000 | 5,672,000,000 | 5,685,000,000 | 5,506,000,000 | 5,711,000,000 | 5,542,000,000 | 5,187,000,000 | 5,101,000,000 | 4,434,000,000 | 3,822,000,000 | 3,262,000,000 | 3,289,000,000 | 3,481,000,000 | 3,232,000,000 | 3,263,000,000 | 3,467,000,000 | 3,397,000,000 | 3,454,000,000 | 3,623,000,000 | 3,507,000,000 | 3,196,000,000 | 2,870,000,000 | 2,436,000,000 | 2,214,000,000 | 1,923,000,000 | 1,765,000,000 | 1,587,000,000 | 1,630,000,000 | 1,676,000,000 | 1,676,000,000 | ||
all other current liabilities | 2,404,000,000 | 2,705,000,000 | 2,663,000,000 | 2,429,000,000 | 2,485,000,000 | 2,724,000,000 | 2,622,000,000 | 2,397,000,000 | 2,726,000,000 | 2,830,000,000 | 2,569,000,000 | 2,259,000,000 | 2,237,000,000 | 2,278,000,000 | 2,360,000,000 | 2,288,000,000 | 1,871,000,000 | 2,111,000,000 | 2,521,000,000 | 2,694,000,000 | 2,206,000,000 | 2,352,000,000 | 2,599,000,000 | 2,498,000,000 | 2,744,000,000 | 2,555,000,000 | 2,332,000,000 | 2,269,000,000 | 2,305,000,000 | 2,288,000,000 | 2,184,000,000 | 2,362,000,000 | 2,034,000,000 | 2,102,000,000 | 2,120,000,000 | 2,034,000,000 |
total current liabilities | 13,413,000,000 | 13,877,000,000 | 12,438,000,000 | 12,515,000,000 | 12,594,000,000 | 12,991,000,000 | 12,790,000,000 | 12,586,000,000 | 13,179,000,000 | 12,991,000,000 | 12,681,000,000 | 12,311,000,000 | 11,618,000,000 | 11,075,000,000 | 9,465,000,000 | 9,375,000,000 | 9,142,000,000 | 9,128,000,000 | 9,354,000,000 | 9,805,000,000 | 9,958,000,000 | 10,227,000,000 | 10,639,000,000 | 10,567,000,000 | 10,141,000,000 | 10,014,000,000 | 9,332,000,000 | 9,341,000,000 | 9,052,000,000 | 9,020,000,000 | 8,457,000,000 | 8,633,000,000 | 8,325,000,000 | 8,897,000,000 | 8,732,000,000 | 8,325,000,000 |
long-term debt | 15,411,000,000 | 5,398,000,000 | 5,988,000,000 | 5,968,000,000 | 5,969,000,000 | 5,970,000,000 | 5,984,000,000 | 5,861,000,000 | 5,859,000,000 | 5,872,000,000 | 5,857,000,000 | 5,847,000,000 | 5,975,000,000 | 5,980,000,000 | 6,612,000,000 | 6,625,000,000 | 6,650,000,000 | 6,687,000,000 | 6,708,000,000 | 6,722,000,000 | 6,733,000,000 | 6,744,000,000 | 6,754,000,000 | 6,766,000,000 | 6,285,000,000 | 6,301,000,000 | 6,313,000,000 | 6,256,000,000 | 6,270,000,000 | 6,285,000,000 | 6,293,000,000 | 6,319,000,000 | 6,296,000,000 | 6,312,000,000 | 3,039,000,000 | 6,296,000,000 |
liabilities for pensions and other postretirement benefits | 1,041,000,000 | 1,066,000,000 | 1,024,000,000 | 997,000,000 | 985,000,000 | 988,000,000 | 991,000,000 | 984,000,000 | 984,000,000 | 978,000,000 | 952,000,000 | 968,000,000 | 932,000,000 | 960,000,000 | 1,020,000,000 | 996,000,000 | 1,063,000,000 | 1,110,000,000 | 1,132,000,000 | 1,163,000,000 | 1,197,000,000 | 1,147,000,000 | 1,059,000,000 | 1,025,000,000 | 977,000,000 | 997,000,000 | 1,033,000,000 | 1,082,000,000 | 1,100,000,000 | 1,172,000,000 | 1,262,000,000 | 1,172,000,000 | ||||
deferred income tax liabilities | 94,000,000 | 84,000,000 | 116,000,000 | 106,000,000 | 93,000,000 | 83,000,000 | ||||||||||||||||||||||||||||||
all other liabilities | 1,447,000,000 | 1,446,000,000 | 1,339,000,000 | 1,286,000,000 | 1,263,000,000 | 1,276,000,000 | 1,268,000,000 | 1,348,000,000 | 1,420,000,000 | 1,409,000,000 | 1,385,000,000 | 1,422,000,000 | 1,422,000,000 | 1,412,000,000 | 1,507,000,000 | 1,480,000,000 | 1,500,000,000 | 1,510,000,000 | 1,385,000,000 | 1,430,000,000 | 1,358,000,000 | 1,391,000,000 | 1,378,000,000 | 1,389,000,000 | 1,479,000,000 | 1,425,000,000 | 1,417,000,000 | 1,426,000,000 | 1,599,000,000 | 960,000,000 | 1,024,000,000 | 1,073,000,000 | 909,000,000 | 972,000,000 | 996,000,000 | 909,000,000 |
equity: | ||||||||||||||||||||||||||||||||||||
class a common stock | ||||||||||||||||||||||||||||||||||||
capital in excess of par value | 24,480,000,000 | 24,738,000,000 | 24,935,000,000 | 25,087,000,000 | 25,450,000,000 | 25,896,000,000 | 26,045,000,000 | 26,340,000,000 | 26,610,000,000 | 26,983,000,000 | 27,415,000,000 | 27,696,000,000 | 27,925,000,000 | 28,126,000,000 | 28,223,000,000 | 28,598,000,000 | 28,351,000,000 | 27,375,000,000 | 26,688,000,000 | 26,253,000,000 | 25,357,000,000 | 24,613,000,000 | 23,977,000,000 | 23,432,000,000 | 23,486,000,000 | 23,565,000,000 | 23,570,000,000 | 18,668,000,000 | 18,646,000,000 | 18,659,000,000 | 14,575,000,000 | 14,625,000,000 | 14,845,000,000 | 15,483,000,000 | 15,716,000,000 | 14,845,000,000 |
retained loss | -2,322,000,000 | -3,252,000,000 | -4,128,000,000 | -4,737,000,000 | -5,438,000,000 | -5,840,000,000 | -7,019,000,000 | -7,785,000,000 | -8,364,000,000 | -8,819,000,000 | -9,258,000,000 | -9,776,000,000 | -10,185,000,000 | -10,761,000,000 | -10,943,000,000 | -10,927,000,000 | -10,088,000,000 | -10,160,000,000 | -10,454,000,000 | -10,462,000,000 | -10,394,000,000 | -9,942,000,000 | -10,594,000,000 | -10,413,000,000 | -10,212,000,000 | -14,000,000 | -27,000,000 | -8,000,000 | -73,000,000 | -104,000,000 | -8,000,000 | |||||
accumulated other comprehensive loss | -2,844,000,000 | -2,652,000,000 | -2,650,000,000 | -2,653,000,000 | -2,970,000,000 | -3,161,000,000 | -2,837,000,000 | -2,981,000,000 | -2,855,000,000 | -2,796,000,000 | -2,907,000,000 | -2,795,000,000 | -3,026,000,000 | -2,971,000,000 | -3,136,000,000 | -2,789,000,000 | -2,559,000,000 | -2,385,000,000 | -2,092,000,000 | -1,901,000,000 | -1,920,000,000 | -1,778,000,000 | -1,801,000,000 | -1,765,000,000 | -1,804,000,000 | -1,636,000,000 | -1,694,000,000 | -1,271,000,000 | -1,134,000,000 | -1,219,000,000 | -821,000,000 | -787,000,000 | -585,000,000 | -701,000,000 | -627,000,000 | -585,000,000 |
baker hughes company equity | 19,314,000,000 | 18,834,000,000 | 18,157,000,000 | 17,697,000,000 | 17,042,000,000 | 16,895,000,000 | 16,189,000,000 | 15,574,000,000 | 15,391,000,000 | 15,368,000,000 | 15,250,000,000 | 15,125,000,000 | 14,714,000,000 | 14,394,000,000 | 14,144,000,000 | 14,882,000,000 | 15,704,000,000 | 14,830,000,000 | 14,142,000,000 | 13,890,000,000 | 13,043,000,000 | 12,893,000,000 | 11,582,000,000 | 11,254,000,000 | 11,470,000,000 | 21,929,000,000 | 21,876,000,000 | |||||||||
noncontrolling interests | 176,000,000 | 176,000,000 | 171,000,000 | 171,000,000 | 164,000,000 | 160,000,000 | 154,000,000 | 147,000,000 | 159,000,000 | 151,000,000 | 145,000,000 | 137,000,000 | 135,000,000 | 131,000,000 | 223,000,000 | 204,000,000 | 743,000,000 | 1,916,000,000 | 2,894,000,000 | 3,510,000,000 | 4,381,000,000 | 5,349,000,000 | 5,667,000,000 | 6,311,000,000 | 6,515,000,000 | 12,570,000,000 | 12,560,000,000 | 17,393,000,000 | 17,574,000,000 | 17,548,000,000 | 22,823,000,000 | 23,006,000,000 | 23,843,000,000 | 24,464,000,000 | 25,163,000,000 | 23,843,000,000 |
total equity | 19,490,000,000 | 19,010,000,000 | 18,328,000,000 | 17,868,000,000 | 17,206,000,000 | 17,055,000,000 | 16,343,000,000 | 15,721,000,000 | 15,550,000,000 | 15,519,000,000 | 15,395,000,000 | 15,262,000,000 | 14,849,000,000 | 14,525,000,000 | 14,367,000,000 | 15,086,000,000 | 16,447,000,000 | 16,746,000,000 | 17,036,000,000 | 17,400,000,000 | 17,424,000,000 | 18,242,000,000 | 17,249,000,000 | 17,565,000,000 | 17,985,000,000 | 34,499,000,000 | 34,436,000,000 | 34,781,000,000 | 35,086,000,000 | 35,013,000,000 | 36,563,000,000 | 36,817,000,000 | 38,095,000,000 | 39,173,000,000 | 40,148,000,000 | 38,095,000,000 |
total liabilities and equity | 50,896,000,000 | 40,881,000,000 | 39,233,000,000 | 38,740,000,000 | 38,110,000,000 | 38,363,000,000 | 37,530,000,000 | 36,656,000,000 | 37,141,000,000 | 36,945,000,000 | 36,550,000,000 | 36,093,000,000 | 35,042,000,000 | 34,181,000,000 | 33,165,000,000 | 33,753,000,000 | 34,994,000,000 | 35,308,000,000 | 35,772,000,000 | 36,669,000,000 | 36,836,000,000 | 38,007,000,000 | 37,339,000,000 | 37,523,000,000 | 37,229,000,000 | 53,369,000,000 | 52,549,000,000 | 52,876,000,000 | 53,129,000,000 | 52,439,000,000 | 53,600,000,000 | 54,090,000,000 | 55,221,000,000 | 57,050,000,000 | 54,810,000,000 | 55,221,000,000 |
short-term and current portion of long-term debt | 689,000,000 | 53,000,000 | 52,000,000 | 34,000,000 | 147,000,000 | 148,000,000 | 802,000,000 | 797,000,000 | 684,000,000 | |||||||||||||||||||||||||||
class b common stock | ||||||||||||||||||||||||||||||||||||
deferred income taxes | 649,000,000 | 676,000,000 | 730,000,000 | 722,000,000 | 687,000,000 | 670,000,000 | 663,000,000 | 657,000,000 | 701,000,000 | 773,000,000 | 761,000,000 | 735,000,000 | 974,000,000 | 991,000,000 | 943,000,000 | 953,000,000 | 1,305,000,000 | 1,174,000,000 | 1,315,000,000 | 954,000,000 | 943,000,000 | 898,000,000 | 997,000,000 | 1,072,000,000 | 1,212,000,000 | 1,187,000,000 | 1,287,000,000 | 482,000,000 | 324,000,000 | 1,287,000,000 | ||||||
short-term debt and current portion of long-term debt | 677,000,000 | 40,000,000 | 56,000,000 | 51,000,000 | 887,000,000 | 889,000,000 | 935,000,000 | 934,000,000 | 210,000,000 | 321,000,000 | 694,000,000 | 892,000,000 | 906,000,000 | 942,000,000 | 1,000,000,000 | 1,067,000,000 | 1,176,000,000 | 2,037,000,000 | 1,866,000,000 | 1,176,000,000 | ||||||||||||||||
current portion of long-term debt | 43,000,000 | 34,000,000 | 35,000,000 | |||||||||||||||||||||||||||||||||
liabilities for pensions and other employee benefits | 1,217,000,000 | 1,079,000,000 | 1,018,000,000 | 1,172,000,000 | ||||||||||||||||||||||||||||||||
retained earnings | -9,000,000 | 25,000,000 | ||||||||||||||||||||||||||||||||||
baker hughes, a ge company equity | 17,388,000,000 | 17,512,000,000 | 17,465,000,000 | 13,740,000,000 | 13,811,000,000 | 14,252,000,000 | 14,709,000,000 | 14,985,000,000 | 14,252,000,000 | |||||||||||||||||||||||||||
cash, cash equivalents and restricted cash | 3,723,000,000 | 4,765,000,000 | 4,879,000,000 | 5,631,000,000 | 5,631,000,000 | |||||||||||||||||||||||||||||||
cash and equivalents | 7,023,000,000 | 4,777,000,000 | ||||||||||||||||||||||||||||||||||
contract assets | 2,745,000,000 | 2,761,000,000 | ||||||||||||||||||||||||||||||||||
progress collections | 1,381,000,000 | 1,543,000,000 | ||||||||||||||||||||||||||||||||||
parent's net investment | ||||||||||||||||||||||||||||||||||||
property, plant and equipment - less accumulated depreciation | 6,255,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||
net income | 938,000,000 | 887,000,000 | 617,000,000 | 711,000,000 | 409,000,000 | 1,191,000,000 | 773,000,000 | 581,000,000 | 463,000,000 | 451,000,000 | 524,000,000 | 414,000,000 | 581,000,000 | 80,000,000 | 951,000,000 | -259,000,000 | -355,000,000 | -16,098,000,000 | 94,000,000 | 117,000,000 | -11,000,000 | 71,000,000 | -38,000,000 | -19,000,000 | -82,000,000 | -19,000,000 | |||||||||||
adjustments to reconcile net income to net cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||
depreciation and amortization | 354,000,000 | 327,000,000 | 282,000,000 | 294,000,000 | 285,000,000 | 292,000,000 | 278,000,000 | 283,000,000 | 283,000,000 | 274,000,000 | 268,000,000 | 276,000,000 | 269,000,000 | 255,000,000 | 255,000,000 | 274,000,000 | 277,000,000 | 273,000,000 | 262,000,000 | 278,000,000 | 292,000,000 | 307,000,000 | 316,000,000 | 339,000,000 | 355,000,000 | 353,000,000 | 356,000,000 | 359,000,000 | 350,000,000 | 353,000,000 | 353,000,000 | 392,000,000 | 388,000,000 | 387,000,000 | 388,000,000 | ||
stock-based compensation cost | 45,000,000 | 50,000,000 | 51,000,000 | 52,000,000 | 50,000,000 | 48,000,000 | 53,000,000 | 50,000,000 | 51,000,000 | 49,000,000 | 50,000,000 | 49,000,000 | 49,000,000 | ||||||||||||||||||||||||
change in fair value of equity securities | 50,000,000 | 74,000,000 | 8,000,000 | -119,000,000 | 140,000,000 | ||||||||||||||||||||||||||||||||
gain on business dispositions | -721,000,000 | ||||||||||||||||||||||||||||||||||||
provision for deferred income taxes | 224,000,000 | -27,000,000 | -706,000,000 | 2,000,000 | 57,000,000 | -24,000,000 | -127,000,000 | -42,000,000 | 52,000,000 | 58,000,000 | 109,000,000 | -18,000,000 | 63,000,000 | -12,000,000 | -284,000,000 | -233,000,000 | |||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||
current receivables | 20,000,000 | -155,000,000 | -19,000,000 | 45,000,000 | 487,000,000 | -362,000,000 | 208,000,000 | -204,000,000 | 199,000,000 | -519,000,000 | -144,000,000 | 9,000,000 | -332,000,000 | -210,000,000 | -55,000,000 | -156,000,000 | -204,000,000 | -434,000,000 | 41,000,000 | -74,000,000 | 341,000,000 | 101,000,000 | -19,000,000 | 419,000,000 | 179,000,000 | -208,000,000 | -148,000,000 | -23,000,000 | -204,000,000 | -168,000,000 | -1,000,000 | -160,000,000 | 125,000,000 | -941,000,000 | 125,000,000 | ||
inventories | 35,000,000 | 42,000,000 | 129,000,000 | 14,000,000 | -106,000,000 | 48,000,000 | -26,000,000 | 141,000,000 | -265,000,000 | -51,000,000 | -78,000,000 | -67,000,000 | -265,000,000 | -259,000,000 | -218,000,000 | -203,000,000 | -205,000,000 | 19,000,000 | 32,000,000 | 31,000,000 | 88,000,000 | 103,000,000 | 92,000,000 | -135,000,000 | -140,000,000 | 124,000,000 | -21,000,000 | -83,000,000 | -220,000,000 | -4,000,000 | -53,000,000 | -148,000,000 | -134,000,000 | 230,000,000 | -134,000,000 | ||
accounts payable | -248,000,000 | 346,000,000 | -182,000,000 | -66,000,000 | -87,000,000 | 131,000,000 | -267,000,000 | 54,000,000 | 173,000,000 | 270,000,000 | -53,000,000 | -199,000,000 | 43,000,000 | 342,000,000 | 78,000,000 | 111,000,000 | 74,000,000 | 256,000,000 | -81,000,000 | 82,000,000 | -11,000,000 | -41,000,000 | -180,000,000 | -308,000,000 | -182,000,000 | 300,000,000 | -97,000,000 | 139,000,000 | -93,000,000 | 336,000,000 | 140,000,000 | 217,000,000 | 101,000,000 | 219,000,000 | 101,000,000 | ||
progress collections and deferred income | 195,000,000 | 428,000,000 | -228,000,000 | -65,000,000 | -193,000,000 | 181,000,000 | 75,000,000 | -153,000,000 | 170,000,000 | 264,000,000 | 152,000,000 | 584,000,000 | 639,000,000 | 398,000,000 | 81,000,000 | 344,000,000 | 280,000,000 | 85,000,000 | -159,000,000 | 21,000,000 | -19,000,000 | -223,000,000 | 26,000,000 | 282,000,000 | 311,000,000 | 437,000,000 | 288,000,000 | 360,000,000 | 62,000,000 | 171,000,000 | -61,000,000 | -13,000,000 | -124,000,000 | -124,000,000 | |||
contract and other deferred assets | -175,000,000 | 86,000,000 | 168,000,000 | -48,000,000 | 117,000,000 | 66,000,000 | -11,000,000 | -83,000,000 | -68,000,000 | 59,000,000 | -34,000,000 | -88,000,000 | -148,000,000 | 75,000,000 | -29,000,000 | -84,000,000 | -38,000,000 | 84,000,000 | 66,000,000 | 106,000,000 | 6,000,000 | 21,000,000 | -52,000,000 | -53,000,000 | 15,000,000 | -14,000,000 | -17,000,000 | -90,000,000 | 61,000,000 | 76,000,000 | -73,000,000 | -14,000,000 | 140,000,000 | 140,000,000 | |||
other operating items | -217,000,000 | 235,000,000 | 130,000,000 | -344,000,000 | -340,000,000 | 420,000,000 | 25,000,000 | -359,000,000 | -146,000,000 | 227,000,000 | 256,000,000 | -38,000,000 | -59,000,000 | -240,000,000 | 315,000,000 | 251,000,000 | -181,000,000 | 170,000,000 | 76,000,000 | 90,000,000 | -202,000,000 | -56,000,000 | 332,000,000 | -211,000,000 | 162,000,000 | 174,000,000 | -111,000,000 | -175,000,000 | -193,000,000 | -8,000,000 | -91,000,000 | -30,000,000 | 50,000,000 | 498,000,000 | 50,000,000 | ||
net cash flows from operating activities | 500,000,000 | 1,662,000,000 | 929,000,000 | 510,000,000 | 709,000,000 | 1,190,000,000 | 1,010,000,000 | 348,000,000 | 784,000,000 | 932,000,000 | 810,000,000 | 859,000,000 | 461,000,000 | 898,000,000 | 597,000,000 | 321,000,000 | 72,000,000 | 774,000,000 | 416,000,000 | 506,000,000 | 678,000,000 | 377,000,000 | 219,000,000 | 230,000,000 | 478,000,000 | 1,357,000,000 | 360,000,000 | 593,000,000 | -184,000,000 | 1,089,000,000 | 240,000,000 | -214,000,000 | 294,000,000 | ||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||
expenditures for capital assets | -336,000,000 | -377,000,000 | -295,000,000 | -301,000,000 | -300,000,000 | -353,000,000 | -300,000,000 | -292,000,000 | -333,000,000 | -356,000,000 | -281,000,000 | -277,000,000 | -310,000,000 | -269,000,000 | -226,000,000 | -226,000,000 | -268,000,000 | -266,000,000 | -198,000,000 | -171,000,000 | -221,000,000 | -173,000,000 | -199,000,000 | -237,000,000 | -365,000,000 | -367,000,000 | -279,000,000 | -300,000,000 | -294,000,000 | -342,000,000 | -242,000,000 | -234,000,000 | -177,000,000 | -248,000,000 | -177,000,000 | ||
proceeds from disposal of assets | 46,000,000 | 56,000,000 | 65,000,000 | 29,000,000 | 45,000,000 | 58,000,000 | 44,000,000 | 50,000,000 | 51,000,000 | 58,000,000 | 63,000,000 | 41,000,000 | 46,000,000 | 28,000,000 | 46,000,000 | 52,000,000 | 91,000,000 | 137,000,000 | 87,000,000 | 50,000,000 | 41,000,000 | 46,000,000 | 32,000,000 | 69,000,000 | 40,000,000 | 63,000,000 | 80,000,000 | 62,000,000 | 59,000,000 | 128,000,000 | 149,000,000 | 73,000,000 | 108,000,000 | 96,000,000 | 108,000,000 | ||
proceeds from business dispositions | 1,381,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||
other investing items | -53,000,000 | -42,000,000 | -26,000,000 | -14,000,000 | -55,000,000 | 7,000,000 | -34,000,000 | -19,000,000 | 13,000,000 | -16,000,000 | -224,000,000 | 40,000,000 | 35,000,000 | 102,000,000 | 30,000,000 | 10,000,000 | -89,000,000 | -13,000,000 | 29,000,000 | 165,000,000 | 6,000,000 | -101,000,000 | 53,000,000 | 49,000,000 | 7,000,000 | -52,000,000 | 103,000,000 | 0 | -21,000,000 | -39,000,000 | 71,000,000 | 133,000,000 | -65,000,000 | -119,000,000 | -65,000,000 | ||
net cash flows from investing activities | 1,038,000,000 | -393,000,000 | -1,055,000,000 | -286,000,000 | -310,000,000 | -217,000,000 | -269,000,000 | -261,000,000 | -269,000,000 | -314,000,000 | -89,000,000 | -185,000,000 | -229,000,000 | -984,000,000 | -150,000,000 | -164,000,000 | -266,000,000 | -251,000,000 | -82,000,000 | 44,000,000 | -174,000,000 | -67,000,000 | -114,000,000 | -119,000,000 | -318,000,000 | -386,000,000 | -96,000,000 | -307,000,000 | -256,000,000 | -374,000,000 | -42,000,000 | -251,000,000 | -134,000,000 | ||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 9,885,000,000 | 0 | |||||||||||||||||||||||||||||||||||
dividends paid | -228,000,000 | -227,000,000 | -227,000,000 | -227,000,000 | -229,000,000 | -208,000,000 | -209,000,000 | -209,000,000 | -210,000,000 | -200,000,000 | -202,000,000 | -192,000,000 | -192,000,000 | -190,000,000 | -182,000,000 | -182,000,000 | -172,000,000 | -156,000,000 | -156,000,000 | -149,000,000 | -131,000,000 | -129,000,000 | -123,000,000 | -118,000,000 | -118,000,000 | -117,000,000 | -93,000,000 | -92,000,000 | -93,000,000 | -91,000,000 | -74,000,000 | -74,000,000 | -76,000,000 | -79,000,000 | -76,000,000 | ||
repurchase of class a common stock | 0 | 0 | -196,000,000 | -188,000,000 | -8,000,000 | -152,000,000 | -166,000,000 | -158,000,000 | -319,000,000 | -120,000,000 | -101,000,000 | -265,000,000 | -226,000,000 | -236,000,000 | -328,000,000 | 0 | 0 | -197,000,000 | -190,000,000 | -190,000,000 | |||||||||||||||||
other financing items | -134,000,000 | -31,000,000 | -52,000,000 | -20,000,000 | -85,000,000 | -9,000,000 | 6,000,000 | -2,000,000 | -59,000,000 | 3,000,000 | 11,000,000 | -14,000,000 | -53,000,000 | 3,000,000 | 26,000,000 | 15,000,000 | -37,000,000 | 0 | 9,000,000 | -1,000,000 | -32,000,000 | -7,000,000 | 6,000,000 | 5,000,000 | -26,000,000 | 7,000,000 | 29,000,000 | 9,000,000 | 3,000,000 | -1,000,000 | -10,000,000 | 12,000,000 | -8,000,000 | 55,000,000 | -8,000,000 | ||
net cash flows from financing activities | 9,523,000,000 | -258,000,000 | -279,000,000 | -443,000,000 | -502,000,000 | -234,000,000 | -364,000,000 | -502,000,000 | -427,000,000 | -1,167,000,000 | -311,000,000 | -300,000,000 | -250,000,000 | -295,000,000 | -429,000,000 | -399,000,000 | -469,000,000 | -558,000,000 | -300,000,000 | -1,030,000,000 | -255,000,000 | -269,000,000 | -201,000,000 | 1,022,000,000 | -327,000,000 | -538,000,000 | -569,000,000 | -195,000,000 | -232,000,000 | -1,716,000,000 | -275,000,000 | 2,707,000,000 | -1,553,000,000 | ||||
effect of currency exchange rate changes on cash and cash equivalents | -12,000,000 | 11,000,000 | 11,000,000 | 29,000,000 | 16,000,000 | -39,000,000 | 3,000,000 | -18,000,000 | -17,000,000 | -6,000,000 | -14,000,000 | 16,000,000 | -55,000,000 | 18,000,000 | -95,000,000 | -21,000,000 | 1,000,000 | -38,000,000 | -21,000,000 | 11,000,000 | 1,000,000 | 30,000,000 | 25,000,000 | -11,000,000 | -72,000,000 | 8,000,000 | -25,000,000 | -26,000,000 | 22,000,000 | ||||||||
increase in cash and cash equivalents | 11,049,000,000 | 1,022,000,000 | -87,000,000 | 700,000,000 | 380,000,000 | -433,000,000 | 71,000,000 | -555,000,000 | 396,000,000 | -662,000,000 | -73,000,000 | 13,000,000 | -469,000,000 | 250,000,000 | 71,000,000 | -71,000,000 | |||||||||||||||||||||
cash and cash equivalents, beginning of period | 3,715,000,000 | 0 | 0 | 0 | 3,364,000,000 | 0 | 0 | 0 | 2,646,000,000 | 0 | 0 | 0 | 2,488,000,000 | 0 | 0 | 0 | 3,853,000,000 | 0 | 0 | 0 | 4,132,000,000 | 0 | 0 | 0 | 3,249,000,000 | 0 | 0 | 0 | 3,723,000,000 | ||||||||
cash and cash equivalents, end of period | 14,764,000,000 | 1,022,000,000 | -394,000,000 | -190,000,000 | 3,277,000,000 | 700,000,000 | 380,000,000 | -433,000,000 | 2,717,000,000 | -555,000,000 | 396,000,000 | 390,000,000 | 2,415,000,000 | -363,000,000 | -77,000,000 | -263,000,000 | 3,191,000,000 | -73,000,000 | 13,000,000 | -469,000,000 | 4,382,000,000 | 71,000,000 | -71,000,000 | 1,122,000,000 | 3,010,000,000 | 441,000,000 | -330,000,000 | 65,000,000 | 3,073,000,000 | ||||||||
supplemental cash flows disclosures: | |||||||||||||||||||||||||||||||||||||
income taxes paid, net of refunds | 188,000,000 | 402,000,000 | 336,000,000 | 211,000,000 | 207,000,000 | 307,000,000 | 397,000,000 | 228,000,000 | 108,000,000 | 140,000,000 | 160,000,000 | 163,000,000 | 113,000,000 | 152,000,000 | 130,000,000 | 133,000,000 | 9,000,000 | 39,000,000 | 106,000,000 | 93,000,000 | 118,000,000 | ||||||||||||||||
interest paid | 56,000,000 | 97,000,000 | 49,000,000 | 98,000,000 | 50,000,000 | 99,000,000 | 49,000,000 | 102,000,000 | 48,000,000 | 48,000,000 | 107,000,000 | 50,000,000 | 50,000,000 | 92,000,000 | 48,000,000 | 47,000,000 | 106,000,000 | 51,000,000 | 47,000,000 | 92,000,000 | 49,000,000 | 89,000,000 | 59,000,000 | 81,000,000 | 56,000,000 | 83,000,000 | 61,000,000 | 85,000,000 | 72,000,000 | 78,000,000 | 72,000,000 | ||||||
benefit for deferred income taxes | -53,000,000 | -9,000,000 | |||||||||||||||||||||||||||||||||||
loss on business dispositions | |||||||||||||||||||||||||||||||||||||
proceeds from sale of equity securities | 0 | 71,000,000 | 0 | ||||||||||||||||||||||||||||||||||
net cash paid for acquisitions | -30,000,000 | 0 | -19,000,000 | -69,000,000 | 0 | ||||||||||||||||||||||||||||||||
repayment of long-term debt | -9,000,000 | -9,000,000 | -11,000,000 | -13,000,000 | -12,000,000 | -25,000,000 | 0 | -648,000,000 | -648,000,000 | ||||||||||||||||||||||||||||
decrease in cash and cash equivalents | -73,000,000 | -77,000,000 | -239,000,000 | -330,000,000 | 65,000,000 | -650,000,000 | |||||||||||||||||||||||||||||||
loss on equity securities | 84,000,000 | -99,000,000 | 101,000,000 | 52,000,000 | 123,000,000 | -11,000,000 | -110,000,000 | 140,000,000 | |||||||||||||||||||||||||||||
property, plant and equipment impairment | -11,000,000 | -2,000,000 | 127,000,000 | -14,000,000 | -1,000,000 | 171,000,000 | 64,000,000 | 8,000,000 | 218,000,000 | ||||||||||||||||||||||||||||
gain on equity securities | -100,000,000 | -19,000,000 | -52,000,000 | -392,000,000 | |||||||||||||||||||||||||||||||||
inventory impairment | 2,000,000 | 0 | 15,000,000 | 18,000,000 | 0 | 0 | 28,000,000 | 42,000,000 | 16,000,000 | 160,000,000 | |||||||||||||||||||||||||||
proceeds from the issuance of long-term debt | |||||||||||||||||||||||||||||||||||||
repayment of commercial paper | |||||||||||||||||||||||||||||||||||||
distributions to ge | -1,000,000 | -1,000,000 | -2,000,000 | -13,000,000 | -30,000,000 | -32,000,000 | -39,000,000 | -56,000,000 | -57,000,000 | -63,000,000 | -68,000,000 | -68,000,000 | |||||||||||||||||||||||||
loss on assets held for sale | 0 | ||||||||||||||||||||||||||||||||||||
net repayments of debt | -5,000,000 | ||||||||||||||||||||||||||||||||||||
net loss | 188,000,000 | -9,000,000 | 16,000,000 | -77,000,000 | -605,000,000 | ||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||
goodwill impairment | 0 | 0 | 0 | 14,773,000,000 | |||||||||||||||||||||||||||||||||
intangible assets impairment | 0 | 4,000,000 | 0 | 725,000,000 | |||||||||||||||||||||||||||||||||
net cash paid for acquisitions and business interests | |||||||||||||||||||||||||||||||||||||
net repayments of short-term debt | |||||||||||||||||||||||||||||||||||||
proceeds from (repayment of) commercial paper | 0 | 0 | |||||||||||||||||||||||||||||||||||
repayments of long-term debt | |||||||||||||||||||||||||||||||||||||
net repayments of debt and other borrowings | -7,000,000 | -4,000,000 | -11,000,000 | -15,000,000 | -9,000,000 | -36,000,000 | -21,000,000 | -34,000,000 | -115,000,000 | ||||||||||||||||||||||||||||
net cash paid for business interests | |||||||||||||||||||||||||||||||||||||
repurchase of common units from ge by bhh llc | |||||||||||||||||||||||||||||||||||||
loss on sale of business | -11,000,000 | 0 | |||||||||||||||||||||||||||||||||||
write-down of assets held for sale | |||||||||||||||||||||||||||||||||||||
unrealized loss on equity security | 788,000,000 | ||||||||||||||||||||||||||||||||||||
unrealized gain on equity security | |||||||||||||||||||||||||||||||||||||
equity in loss of affiliate | |||||||||||||||||||||||||||||||||||||
proceeds from issuance of commercial paper | 0 | 0 | |||||||||||||||||||||||||||||||||||
net repayments of short-term borrowings | |||||||||||||||||||||||||||||||||||||
repurchase of common units from ge by bhge llc | 0 | ||||||||||||||||||||||||||||||||||||
net transfer from parent | -76,000,000 | ||||||||||||||||||||||||||||||||||||
contribution received from ge | 0 | ||||||||||||||||||||||||||||||||||||
net cash paid for business interests and acquisitions | |||||||||||||||||||||||||||||||||||||
net repayments of short-term debt and other borrowings | -150,000,000 | -5,000,000 | -36,000,000 | -19,000,000 | |||||||||||||||||||||||||||||||||
distributions to noncontrolling interests | -94,000,000 | -94,000,000 | -94,000,000 | ||||||||||||||||||||||||||||||||||
income taxes paid | 103,000,000 | 107,000,000 | 76,000,000 | 87,000,000 | 136,000,000 | 82,000,000 | 82,000,000 | ||||||||||||||||||||||||||||||
valuation allowance on disposal group | |||||||||||||||||||||||||||||||||||||
gain on sale of natural gas solution business | |||||||||||||||||||||||||||||||||||||
dividends and paired distributions to ge | |||||||||||||||||||||||||||||||||||||
effect of currency exchange rate changes on cash, cash equivalents and restricted cash | -41,000,000 | -37,000,000 | -44,000,000 | -6,000,000 | -6,000,000 | ||||||||||||||||||||||||||||||||
increase in cash, cash equivalents and restricted cash | -1,042,000,000 | -114,000,000 | -752,000,000 | -1,399,000,000 | -1,399,000,000 | ||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 0 | 0 | 0 | 7,030,000,000 | 7,030,000,000 | ||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | -1,042,000,000 | -114,000,000 | -752,000,000 | 5,631,000,000 | 5,631,000,000 | ||||||||||||||||||||||||||||||||
distributions to noncontrolling interest | -147,000,000 | -126,000,000 | -127,000,000 | -129,000,000 | -127,000,000 | ||||||||||||||||||||||||||||||||
repurchase of ge common units by bhge llc | 0 | -315,000,000 | -323,000,000 | -323,000,000 | |||||||||||||||||||||||||||||||||
benefit from deferred income taxes | -233,000,000 | ||||||||||||||||||||||||||||||||||||
net cash flows from (used in) operating activities | 294,000,000 | ||||||||||||||||||||||||||||||||||||
net cash flows used in investing activities | -134,000,000 | ||||||||||||||||||||||||||||||||||||
net borrowings (repayments) of short-term debt and other borrowings | -181,000,000 | -181,000,000 | |||||||||||||||||||||||||||||||||||
net cash flows from (used in) financing activities | -1,553,000,000 | ||||||||||||||||||||||||||||||||||||
progress collections | -106,000,000 | ||||||||||||||||||||||||||||||||||||
deferred charges | 30,000,000 | ||||||||||||||||||||||||||||||||||||
net borrowings (repayments) of short-term borrowings | |||||||||||||||||||||||||||||||||||||
effect of currency exchange rate changes on cash and equivalents | 4,000,000 | ||||||||||||||||||||||||||||||||||||
increase in cash and equivalents | 2,246,000,000 | ||||||||||||||||||||||||||||||||||||
cash and equivalents, beginning of period | 0 | ||||||||||||||||||||||||||||||||||||
cash and equivalents, end of period | 2,246,000,000 | ||||||||||||||||||||||||||||||||||||
less: net loss attributable to noncontrolling interests | |||||||||||||||||||||||||||||||||||||
net income after noncontrolling interests | |||||||||||||||||||||||||||||||||||||
income taxes paid (refunded) | |||||||||||||||||||||||||||||||||||||
cash flows from operating activities | |||||||||||||||||||||||||||||||||||||
net cash from operating activities | |||||||||||||||||||||||||||||||||||||
capital expenditures | |||||||||||||||||||||||||||||||||||||
free cash flows | |||||||||||||||||||||||||||||||||||||
cash flow from investing activities | |||||||||||||||||||||||||||||||||||||
net cash from investing activities | |||||||||||||||||||||||||||||||||||||
net cash from financing activities | |||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | |||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period |
