Company: BKR
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001701605-25-000107
Chunk: 32

Company: Baker Hughes Co
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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(3,200)(2,268)(5,468)(6,253)(4,172)(10,425)Research and development costs(63)(95)(158)(131)(191)(322)Selling, general and administrative(255)(323)(578)(495)(628)(1,123)Add: Depreciation and amortization223 55 278 445 111 556 Segment EBITDA$716 $497 $1,213 $1,360 $883 $2,243 Reconciliation of segment EBITDA to Net Income Attributable to Baker Hughes Company:Three Months Ended June 30,Six Months Ended June 30,2025202420252024OFSE$677 $716 $1,300 $1,360 IET 585 497 1,086 883 Total segment1,262 1,213 2,386 2,243 Corporate costs (1)(78)(83)(163)(170)Restructuring— (2)— (2)Other income (expense), net (2)130 26 (11)48 Depreciation and amortization(293)(283)(579)(566)Interest expense, net(54)(47)(105)(88)Income before income taxes967 824 1,528 1,465 Provision for income taxes(256)(243)(408)(421)Net income711 581 1,120 1,044 Less: Net income attributable to noncontrolling interests10 2 17 10 Net income attributable to Baker Hughes Company$701 $579 $1,103 $1,034 (1)Corporate costs are primarily reported in "Selling, general and administrative" in the condensed consolidated statements of income (loss) and exclude $5 million and $6 million of depreciation and amortization for the three months ended June 30, 2025 and 2024, respectively, and $11 million and $10 million for the six months ended June 30, 2025 and 2024, respectively.(2)Other income (expense), net excludes immaterial amounts recorded within Segment EBITDA and corporate costs for the three and six months ended June 30, 2025. See "Note 17. Other (Income) Expense, Net" for further information.

Baker Hughes Company 2025 Second Quarter Form 10-Q | 20