BAKER HUGHES HOLDINGS LLC Financial Statements (2026 and earlier)
Company Profile
| Business Address |
575 NORTH DAIRY ASHFORD ROAD, SUITE 100 HOUSTON, TX 77079-1121 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3533 - Oil and Gas Field Machinery and Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,044 | 1,094 | 748 | 848 | 912 | 1,042 | |||
| Short-term investments | 1,044 | 1,094 | 748 | 848 | 912 | 1,042 | |||
| Receivables | 6,476 | 6,376 | 5,974 | 5,722 | 5,716 | 5,877 | |||
| Inventory, net of allowances, customer advances and progress billings | 4,957 | 4,786 | 4,587 | 4,111 | 4,052 | 4,151 | |||
| Inventory | 4,957 | 4,786 | 4,587 | 4,111 | 4,052 | 4,151 | |||
| Derivative instruments and hedges, assets | 17 | ||||||||
| Other current assets | 1,626 | 1,894 | 1,559 | 1,790 | 1,647 | 1,627 | |||
| Other undisclosed current assets | 1,760 | 1,319 | 1,720 | 2,000 | 2,012 | 2,145 | |||
| Total current assets: | 15,863 | 15,469 | 14,605 | 14,471 | 14,339 | 14,842 | |||
| Noncurrent Assets | |||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 4,723 | 4,513 | 4,538 | 4,381 | 4,531 | 4,804 | |||
| Intangible asset, including goodwill, after accumulated amortization | 9,959 | 9,800 | 9,871 | 9,176 | 9,551 | 9,869 | |||
| Goodwill | 5,835 | 5,677 | 5,691 | 5,196 | 5,502 | 5,751 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 4,124 | 4,123 | 4,180 | 3,980 | 4,049 | 4,118 | |||
| Contract with customer, asset, after allowance for credit loss | 1,555 | 1,430 | 1,347 | 1,373 | 1,387 | 1,472 | |||
| Deferred costs | 180 | 142 | 125 | 124 | 128 | 173 | |||
| Deferred income tax assets | 670 | 663 | 657 | 701 | 773 | 761 | |||
| Other noncurrent assets | 3,229 | 3,067 | 2,998 | 2,976 | 3,075 | 3,104 | |||
| Other undisclosed noncurrent assets | 41 | 31 | 31 | 29 | 32 | 26 | |||
| Total noncurrent assets: | 20,357 | 19,646 | 19,567 | 18,760 | 19,477 | 20,209 | |||
| TOTAL ASSETS: | 36,220 | 35,115 | 34,172 | 33,231 | 33,816 | 35,051 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,154 | 4,263 | 4,298 | 3,801 | 3,764 | 3,755 | |||
| Accounts payable | 4,154 | 4,263 | 4,298 | 3,801 | 3,764 | 3,755 | |||
| Deferred revenue | 5,101 | 4,434 | 3,822 | 3,262 | 3,289 | 3,481 | |||
| Debt | 845 | 684 | 677 | 43 | 34 | 35 | |||
| Other liabilities | 2,200 | 2,185 | 2,235 | 2,415 | 2,346 | 1,927 | |||
| Total current liabilities: | 12,300 | 11,566 | 11,032 | 9,521 | 9,433 | 9,198 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 5,848 | 5,975 | 5,980 | 6,612 | 6,625 | 6,650 | |||
| Other undisclosed long-term debt and lease obligation | 5,848 | 5,975 | 5,980 | 6,612 | 6,625 | 6,650 | |||
| Liabilities, other than long-term debt | 2,534 | 2,482 | 2,501 | 2,639 | 2,603 | 2,690 | |||
| Deferred income tax liabilities | 147 | 129 | 135 | 119 | 127 | 127 | |||
| Liability, pension and other postretirement and postemployment benefits | 968 | 932 | 960 | 1,020 | 996 | 1,063 | |||
| Other liabilities | 1,419 | 1,421 | 1,406 | 1,500 | 1,480 | 1,500 | |||
| Total noncurrent liabilities: | 8,382 | 8,457 | 8,481 | 9,251 | 9,228 | 9,340 | |||
| Total liabilities: | 20,682 | 20,023 | 19,513 | 18,772 | 18,661 | 18,538 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 15,401 | 14,957 | 14,528 | 14,327 | 15,047 | 16,377 | |||
| Additional paid in capital | 33,981 | 34,207 | |||||||
| Accumulated other comprehensive loss | (2,795) | (3,026) | (2,971) | (3,158) | (2,809) | (2,664) | |||
| Accumulated deficit | (15,785) | (16,224) | (16,837) | (17,075) | (17,067) | (16,224) | |||
| Other undisclosed equity, attributable to parent | 34,336 | 34,560 | 34,923 | 35,265 | |||||
| Equity, attributable to noncontrolling interest | 137 | 135 | 131 | 132 | 108 | 136 | |||
| Total equity: | 15,538 | 15,092 | 14,659 | 14,459 | 15,155 | 16,513 | |||
| TOTAL LIABILITIES AND EQUITY: | 36,220 | 35,115 | 34,172 | 33,231 | 33,816 | 35,051 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,315 | 5,716 | 5,905 | 5,369 | 5,047 | 4,835 | ||
| Cost of revenue | (4,941) | (4,504) | 12,016 | (4,196) | (4,031) | (3,819) | ||
| Gross profit: | 1,374 | 1,212 | 17,921 | 1,173 | 1,016 | 1,016 | ||
| Operating expenses | (860) | (774) | (17,289) | (904) | (1,041) | (737) | ||
| Other undisclosed operating income | 31 | |||||||
| Operating income (loss): | 514 | 438 | 663 | 269 | (25) | 279 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 158 | 386 | (224) | (60) | (570) | (28) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 672 | 824 | 439 | 209 | (595) | 251 | ||
| Other undisclosed loss from continuing operations before income taxes | (58) | (64) | (64) | (65) | (60) | (64) | ||
| Income (loss) from continuing operations before income taxes: | 614 | 760 | 375 | 144 | (655) | 187 | ||
| Income tax expense | (171) | (141) | (132) | (145) | (181) | (95) | ||
| Income (loss) from continuing operations: | 443 | 619 | 243 | (1) | (836) | 92 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (1) | (836) | 92 | |
| Net income (loss): | 443 | 619 | 243 | (1) | (836) | 92 | ||
| Net loss attributable to noncontrolling interest | (4) | (5) | (4) | (8) | (7) | (5) | ||
| Net income (loss) available to common stockholders, diluted: | 439 | 614 | 239 | (9) | (843) | 87 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 443 | 619 | 243 | (1) | (836) | 92 | ||
| Other comprehensive income (loss) | 232 | (55) | 187 | (348) | (146) | 26 | ||
| Comprehensive income (loss): | 675 | 564 | 430 | (349) | (982) | 118 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (4) | (5) | (5) | (9) | (6) | (4) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 671 | 559 | 425 | (358) | (988) | 114 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.