Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 80

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 80
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,” “probable,” “likely,” and similar expressions, and the negative thereof, are intended to identify forward-looking statements. There are many risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. These forward-looking statements are also affected by the risk factors described in the Company’s annual report on Form 10-Kfor the period ended December 31, 2024 and those set forth from time to time in other filings with the SEC. The documents are available through the Company’s website at: www.investors.bakerhughes.com or through the SEC’s Electronic Data Gathering and Analysis Retrieval (“EDGAR”) system at: www.sec.gov. We undertake no obligation to publicly update or revise any forward-looking statement.

| 72  2025 Proxy Statement |

Reconciliation of GAAP to non-GAAPfinancial measures* Baker Hughes Company presents its financial results in accordance with U.S. GAAP. However, management believes that additional non-GAAPmeasures are widely accepted financial indicators used by investors and analysts to analyze and compare companies on the basis of operating performance and liquidity, and that these measures may be used by investors to make informed investment decisions. The following tables reconcile our GAAP financial information with non-GAAPfinancial information used in this Proxy Statement. The reconciliations of net income attributable to Baker Hughes Company (GAAP) to earnings before, interest, taxes, depreciation and amortization (“EBITDA”) (non-GAAP),adjusted EBITDA (non-GAAP),and adjusted EBITDA margin (non-GAAP) for the years ended December 31, 2024 and 2023 are as follows:

| (in millions)                                                                                                                                                                                                                                                                        |     |    2024 |   |     | Year Ended December 31 
                   2023 |   |
|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|--------:|:--|:----|-----------------------:|:--|
| Revenue                                                                                                                                                                                                                                                                              |     | $27,829 |   |     |                $25,506 |   |
| Net income attributable to Baker Hughes Company (GAAP)                                                                                                                                                                                                                               |     | $ 2,979 |   |     |                $ 1,943 |   |
| Net income attributable to noncontrolling interests                                                                                                                                                                                                                                  |     |      29 |   |     |                     27 |   |
| Provision for income taxes                                                                                                                                                                                                                                                           |     |     257 |   |