Baker Hughes Company (BKR) Income Statement Analysis

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Complete financial analysis of Baker Hughes Company (BKR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Baker Hughes Company, a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.

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Baker Hughes Company (BKR)

Industry: Oil & Gas Equipment & Services

Sector: Energy

Website: https://www.bakerhughes.com

About Baker Hughes Company

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). The OFS segment offers exploration, drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, wireline services, downhole completion tools and systems, wellbore intervention tools and services, pressure pumping systems, oilfield and industrial chemicals, and artificial lift technologies for oil and natural gas, and oilfield service companies. The OFE segment provides subsea and surface wellheads, pressure control and production systems and services, flexible pipe systems for offshore and onshore applications, and life-of-field solutions, including well intervention and decommissioning solutions; and services related to onshore and offshore drilling and production operations. The TPS segment provides equipment and related services for mechanical-drive, compression, and power-generation applications across the oil and gas industry. Its product portfolio includes drivers, compressors, and turnkey solutions; and pumps, valves, and compressed natural gas and small-scale liquefied natural gas solutions. This segment serves upstream, midstream, downstream, onshore, offshore, and industrial customers. The DS segment provides sensor-based process measurements, machine health and condition monitoring, asset strategy and management, control systems, as well as non-destructive testing and inspection, and pipeline integrity solutions. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in October 2019. Baker Hughes Company is based in Houston, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	25.51B	21.16B	20.54B	20.71B	23.84B	22.88B	17.18B	13.27B	16.69B	19.19B
Cost of Revenue	20.22B	16.76B	16.49B	17.51B	19.41B	18.89B	14.14B	10.12B	12.19B	14.28B
Gross Profit	5.29B	4.40B	4.05B	3.20B	4.43B	3.99B	3.04B	3.15B	4.50B	4.91B
Gross Profit Ratio	20.72%	20.80%	19.72%	15.45%	18.59%	17.42%	17.67%	23.71%	26.94%	25.59%
Research & Development	658.00M	556.00M	492.00M	595.00M	687.00M	700.00M	501.00M	352.00M	408.00M	420.00M
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	2.61B	2.51B	2.47B	2.40B	2.83B	2.70B	2.54B	1.94B	2.12B	2.40B
Other Expenses	0.00	-911.00M	-583.00M	1.04B	-84.00M	202.00M	80.00M	27.00M	100.00M	0.00
Operating Expenses	2.93B	2.51B	2.47B	2.40B	2.83B	2.70B	2.54B	1.94B	2.12B	2.39B
Cost & Expenses	23.19B	19.27B	18.96B	19.91B	22.24B	21.59B	16.68B	12.06B	14.31B	16.67B
Interest Income	0.00	252.00M	271.00M	264.00M	237.00M	0.00	0.00	0.00	0.00	186.00M
Interest Expense	216.00M	252.00M	299.00M	264.00M	237.00M	223.00M	131.00M	102.00M	120.00M	0.00
Depreciation & Amortization	1.09B	1.06B	1.11B	1.32B	1.42B	1.49B	1.10B	550.00M	530.00M	586.00M
EBITDA	3.96B	1.34B	1.83B	-13.62B	2.41B	2.25B	888.00M	1.24B	-634.00M	3.10B
EBITDA Ratio	15.52%	9.64%	10.23%	15.22%	12.31%	12.40%	9.74%	13.45%	18.04%	16.13%
Operating Income	2.32B	1.19B	996.00M	1.84B	1.52B	701.00M	-284.00M	659.00M	-138.00M	2.51B
Operating Income Ratio	9.08%	5.60%	4.85%	8.86%	6.36%	3.06%	-1.65%	4.97%	-0.83%	13.07%
Total Other Income/Expenses	338.00M	-1.16B	-882.00M	776.00M	-321.00M	-160.00M	-239.00M	-301.00M	-1.90B	-173.00M
Income Before Tax	2.66B	22.00M	428.00M	-15.20B	753.00M	541.00M	-346.00M	584.00M	-158.00M	2.34B
Income Before Tax Ratio	10.41%	0.10%	2.08%	-73.42%	3.16%	2.36%	-2.01%	4.40%	-0.95%	12.17%
Income Tax Expense	685.00M	600.00M	758.00M	559.00M	482.00M	258.00M	45.00M	250.00M	473.00M	484.00M
Net Income	1.94B	-578.00M	-330.00M	-15.76B	271.00M	195.00M	-61.00M	403.00M	-606.00M	1.84B
Net Income Ratio	7.62%	-2.73%	-1.61%	-76.12%	1.14%	0.85%	-0.36%	3.04%	-3.63%	9.59%
EPS	1.93	-0.59	-0.40	-23.35	0.49	0.46	-0.14	0.94	-1.41	0.00
EPS Diluted	1.91	-0.59	-0.40	-23.35	0.49	0.45	-0.14	0.94	-1.41	0.00
Weighted Avg Shares Out	1.01B	987.00M	824.00M	675.00M	555.00M	423.91M	427.00M	429.00M	429.00M	0.00
Weighted Avg Shares Out (Dil)	1.02B	987.00M	824.00M	675.00M	557.00M	433.33M	427.00M	430.00M	430.00M	0.00

Baker Hughes Awarded Contracts to Supply Petrobras with Flexible Pipe Systems, Associated Services across Several Fields

October 28, 2024globenewswire.com

HOUSTON and LONDON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday significant contracts with Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil's pre-salt fields. The agreement...

3 Oilfield Services Stocks Set to Escape Industry Weakness

October 24, 2024zacks.com

Strict capital discipline by upstream energy companies is acting as a dampener, making the outlook for the Zacks Oil and Gas- Field Services industry gloomy. BKR, AROC and SND are expected to survive the industry challenges.

Baker Hughes Q3 Results: Decent Performance, But I Am Cautious For Now

October 23, 2024seekingalpha.com

Baker Hughes Company reported mixed Q3 results, with strong backlog and improved margins, but lower orders raise concerns about future growth. The company's financial position is solid with $2.66B in cash and $6B in long-term debt, and operating income covers...

Baker Hughes Company (BKR) Q3 2024 Earnings Call Transcript

October 23, 2024seekingalpha.com

Baker Hughes Company (NASDAQ:BKR ) Q3 2024 Earnings Conference Call October 23, 2024 9:30 AM ET Company Participants Chase Mulvehill - VP, IR Lorenzo Simonelli - Chairman & CEO Nancy Buese - CFO Conference Call Participants David Anderson - Barclays...