Company: BKR
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001701605-25-000075
Chunk: 20

Company: Baker Hughes Co
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 Position

(Unaudited)

(In millions, except par value)March 31,2025December 31,2024ASSETSCurrent assets:Cash and cash equivalents$3,277 $3,364 Current receivables, net6,710 7,122 Inventories, net5,161 4,954 All other current assets1,693 1,771 Total current assets16,841 17,211 Property, plant and equipment (net of accumulated depreciation of $6,241 and $6,056)5,168 5,127 Goodwill6,126 6,078 Other intangible assets, net3,927 3,951 Contract and other deferred assets1,680 1,730 Deferred income tax assets1,363 1,284 All other assets3,005 2,982 Total assets$38,110 $38,363 LIABILITIES AND EQUITYCurrent liabilities:Accounts payable$4,465 $4,542 Short-term debt55 53 Progress collections and deferred income 5,589 5,672 All other current liabilities2,485 2,724 Total current liabilities12,594 12,991 Long-term debt5,969 5,970 Liabilities for pensions and other postretirement benefits985 988 Deferred income tax liabilities93 83 All other liabilities1,263 1,276 Equity:Class A Common Stock, $0.0001 par value - 2,000 authorized, 990 issued and outstanding as of March 31, 2025 and December 31, 2024— — Capital in excess of par value25,450 25,896 Retained loss(5,438)(5,840)Accumulated other comprehensive loss(2,970)(3,161)Baker Hughes Company equity17,042 16,895 Noncontrolling interests164 160 Total equity17,206 17,055 Total liabilities and equity$38,110 $38,363 

See accompanying Notes to Unaudited Condensed Consolidated Financial Statements.

Baker Hughes Company 2025 First Quarter Form 10-Q | 3

Baker Hughes Company

Condensed Consolidated Statements of Changes in Equity

(Unaudited)

(In millions, except per share amounts)Class ACommon StockCapital inExcess ofPar ValueRetained