Baker Hughes Company (BKR) financial statements (2022 and earlier)

Company profile

Business Address 17021 ALDINE WESTFIELD ROAD
HOUSTON, TX 77073
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0331,50224397,023
Cash and cash equivalents    7,023
Short-term investments1,0331,5022439 
Receivables5,6515,6226,4165,9696,014
Inventory, net of allowances, customer advances and progress billings3,9794,4214,6084,6204,590
Inventory3,9794,4214,6084,6204,590
Other current assets1,5822,280949659872
Other undisclosed current assets2,8202,6303,2253,684 
Total current assets:15,06516,45515,22214,97118,499
Noncurrent Assets
Property, plant and equipment4,8775,3586,2406,2286,959
Intangible assets, net (including goodwill)10,09010,37426,07126,43626,285
Goodwill5,9595,97720,69020,71719,927
Intangible assets, net (excluding goodwill)4,1314,3975,3815,7196,358
Contract with customer, asset, net1,4141,8201,7001,694
Deferred costs156138130179 
Deferred income tax assets735953954
Other noncurrent assets2,9432,8663,0011,8382,080
Costs in excess of billings2,407
Other undisclosed noncurrent assets2843511,093820
Total noncurrent assets:20,24321,55238,14737,46838,551
TOTAL ASSETS:35,30838,00753,36952,43957,050
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,7453,5324,2684,0253,377
Accounts payable3,7453,5324,2684,0253,377
Deferred revenue3,2323,4542,870
Debt408893219422,037
Customer advances and deposits1,381
Contract with customer, liability1,765
Other liabilities2,1112,3522,5552,2882,102
Total current liabilities:9,12810,22710,0149,0208,897
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,6876,7446,3016,2856,312
Capital lease obligations10387
Operating lease, liability624591641
Other undisclosed long-term debt and lease obligation6,0636,1535,6606,1826,225
Liabilities, other than long-term debt2,7472,7942,5551,9782,668
Deferred tax liabilities, net 524
Deferred income tax liabilities12718651
Liability, pension and other postretirement and postemployment benefits1,1101,2171,0791,0181,172
Other liabilities1,5101,3911,425960972
Other undisclosed noncurrent liabilities   143 
Total noncurrent liabilities:9,4349,5388,8568,4068,980
Total liabilities:18,56219,76518,87017,42617,877
Stockholders' equity
Stockholders' equity attributable to parent14,83012,89321,92917,46514,709
Additional paid in capital27,37524,61323,56518,65915,483
Accumulated other comprehensive loss(2,385)(1,778)(1,636)(1,219)(701)
Retained earnings (accumulated deficit)(10,160)(9,942) 25(73)
Stockholders' equity attributable to noncontrolling interest1,9165,34912,57017,54824,464
Total stockholders' equity:16,74618,24234,49935,01339,173
TOTAL LIABILITIES AND EQUITY:35,30838,00753,36952,43957,050

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues20,50220,70523,83822,87717,259
Revenue, net17,259
Cost of revenue (246)(19,590)(19,044)(14,419)
Cost of goods and services sold (246) (105)(14,203)
Other undisclosed gross profit  184153373
Gross profit:20,50220,4594,4323,9863,213
Operating expenses(19,192)(36,683)(3,174)(3,132)(2,947)
Other undisclosed operating income (loss) 246(184)(153)(373)
Operating income (loss):1,310(15,978)1,074701(107)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(583)1,040(84)20278
Other undisclosed loss from continuing operations before equity method investments, income taxes (264)(237)(223)(131)
Income (loss) from continuing operations before equity method investments, income taxes:727(15,202)753680(160)
Loss from equity method investments   (139)(11)
Other undisclosed loss from continuing operations before income taxes(299)    
Income (loss) from continuing operations before income taxes:428(15,202)753541(171)
Income tax expense(758)(559)(482)(258)(71)
Net income (loss):(330)(15,761)271283(242)
Net income (loss) attributable to noncontrolling interest1115,821(143)(88)278
Other undisclosed net loss attributable to parent    (109)
Net income (loss) available to common stockholders, diluted:(219)(9,940)128195(73)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(330)(15,761)271283(242)
Other comprehensive income (loss)(151)43(8)(573)68
Comprehensive income (loss):(481)(15,718)263(290)(174)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1275,821(142)255195
Other undisclosed comprehensive loss, net of tax, attributable to parent    (47)
Comprehensive income (loss), net of tax, attributable to parent:(354)(9,897)121(35)(26)

Statements sources

The financial statements are based on the company's filings with the 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.

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