Company: BKR
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001701605-25-000107
Chunk: 67

Company: Baker Hughes Co
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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0.0001 per share.The Company has a share repurchase program which it expects to fund from cash generated from operations, and it expects to make share repurchases from time to time subject to the Company's capital plan, market conditions, and other factors, including regulatory restrictions. The repurchase program may be suspended or discontinued at any time and does not have a specified expiration date. During the three and six months ended June 30, 2025, the Company repurchased and canceled 5.3 million and 9.8 million shares of Class A common stock for $196 million and $384 million, representing an average price per share of $36.66 and $39.38, respectively. During the three and six months ended June 30, 2024, the Company repurchased and canceled 5.1 million and 10.5 million shares of Class A common stock for $166 million and $324 million, representing an average price per share of $32.19 and $30.72, respectively. As of June 30, 2025, the Company had authorization remaining to repurchase up to approximately $1.3 billion of its Class A common stock.The following table presents the changes in the number of shares outstanding (in thousands):Class ACommon Stock20252024Balance at January 1989,646 997,709 Issue of shares upon vesting of restricted stock units (1)4,700 4,831 Issue of shares on exercise of stock options (1)82 21 Issue of shares for employee stock purchase plan770 919 Repurchase and cancellation of Class A common stock(9,751)(10,539)Balance at June 30985,447 992,941 (1)Share amounts reflected above are net of shares withheld to satisfy the employee's tax withholding obligation.

Baker Hughes Company 2025 Second Quarter Form 10-Q | 12

Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements

ACCUMULATED OTHER COMPREHENSIVE LOSSThe following tables present the changes in accumulated other comprehensive loss, net of tax:Foreign Currency Translation AdjustmentsCash Flow HedgesBenefit PlansAccumulated Other Comprehensive LossBalance at December 31, 2024$(2,863)$(7)$(291)$(3,161)Other comprehensive income (loss) before reclassifications513 3 (18)498 Amounts reclassified from accumulated other comprehensive loss— 1