Company: BKR
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001701605-25-000075
Chunk: 21

Company: Baker Hughes Co
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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LossAccumulatedOtherComprehensiveLossNon-controllingInterestsTotal EquityBalance at December 31, 2024$— $25,896 $(5,840)$(3,161)$160 $17,055 Comprehensive income:Net income 402 7 409 Other comprehensive income 191  191 Dividends on Class A common stock ($0.23 per share)(229)  (229)Repurchase and cancellation of Class A common stock(188)   (188)Stock-based compensation cost50 50 Other(79)  (3)(82)Balance at March 31, 2025$— $25,450 $(5,438)$(2,970)$164 $17,206 

(In millions, except per share amounts)Class ACommon StockCapital inExcess ofPar ValueRetainedLossAccumulatedOtherComprehensiveLossNon-controllingInterestsTotal EquityBalance at December 31, 2023$— $26,983 $(8,819)$(2,796)$151 $15,519 Comprehensive income (loss):Net income455 8 463 Other comprehensive loss(59) (59)Dividends on Class A common stock ($0.21 per share)(210)(210)Repurchase and cancellation of Class A common stock(158)  (158)Stock-based compensation cost51 51 Other(56) (56)Balance at March 31, 2024$— $26,610 $(8,364)$(2,855)$159 $15,550 

See accompanying Notes to Unaudited Condensed Consolidated Financial Statements.

Baker Hughes Company 2025 First Quarter Form 10-Q | 4

Baker Hughes Company

Condensed Consolidated Statements of Cash Flows

(Unaudited)

Three Months Ended March 31,(In millions)20252024Cash flows from operating activities:Net income$409 $463 Adjustments to reconcile net income to net cash flows from operating activities:Depreciation and amortization285 283 Change in fair value of equity securities140 (52)Stock-based compensation cost50 51 Benefit for deferred income taxes(53)(24)Changes in operating assets and liabilities:Current receivables487 199 Inventories(106)(265)Accounts payable(87)173 Progress collections and deferred income