Company: BKR
Filing Date: 2025-02-04
Form Type: 10-K
Source: 0001701605-25-000035
Chunk: 9

Company: Baker Hughes Co
Filing Date: 2025-02-04
Form: 10-K
Item: Item 8
Chunk 9
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 income (loss)(601)23 (578)Other comprehensive loss(278)(3)(281)Dividends on Class A Common Stock ($0.73 per share)(726)(726)Effect of exchange of Class B common stock and associated BHH LLC Units for Class A common stock2,060 (309)(1,751)— Repurchase and cancellation of Class A common stock(823)1 (6)(828)Stock-based compensation cost207 207 Other33 (48)(15)Balance at December 31, 2022— 28,126 (10,761)(2,971)131 14,525 Comprehensive income (loss):Net income1,943 27 1,970 Other comprehensive income175 175 Dividends on Class A Common Stock ($0.78 per share)(786)(786)Repurchase and cancellation of Class A common stock(538)(538)Stock-based compensation cost197 197 Other(16)(1)(7)(24)Balance at December 31, 2023— 26,983 (8,819)(2,796)151 15,519 Comprehensive income (loss):Net income 2,979  29 3,008 Other comprehensive loss  (365) (365)Dividends on Class A Common Stock ($0.84 per share)(836)   (836)Repurchase and cancellation of Class A common stock (484)   (484)Stock-based compensation cost202    202 Other31   (20)11 Balance at December 31, 2024— $25,896 $(5,840)$(3,161)$160 $17,055 

See accompanying Notes to Consolidated Financial Statements

Baker Hughes Company 2024 Form 10-K | 58

BAKER HUGHES COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS

Year Ended December 31,(In millions)202420232022Cash flows from operating activities:Net income (loss)$3,008 $1,970 $(578)Adjustments to reconcile net income (loss) to net cash flows from operating activities:Depreciation and amortization1,136 1,087 1,061 (Benefit) provision for deferred income taxes(671)(59)105 (Gain) loss on equity securities(367)(555)265 Stock-based compensation cost