Company: BKR
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001701605-25-000107
Chunk: 11

Company: Baker Hughes Co
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

Baker Hughes Company

Condensed Consolidated Statements of Income (Loss)

(Unaudited)

Three Months Ended June 30,Six Months Ended June 30,(In millions, except per share amounts)2025202420252024Revenue:Sales of goods$4,516 $4,552 $8,660 $8,550 Sales of services2,394 2,587 4,677 5,007 Total revenue 6,910 7,139 13,337 13,557 Costs and expenses:Cost of goods sold3,602 3,657 6,932 6,933 Cost of services sold1,693 1,836 3,315 3,536 Selling, general and administrative567 643 1,144 1,261 Research and development costs161 158 307 322 Other (income) expense, net(134)(26)6 (48)Interest expense, net54 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 Per share amounts:Basic income per Class A common stock$0.71 $0.58 $1.11 $1.04 Diluted income per Class A common stock$0.71 $0.58 $1.11 $1.03 Cash dividend per Class A common stock$0.23 $0.21 $0.46 $0.42 

See accompanying Notes to Unaudited Condensed Consolidated Financial Statements.

Baker Hughes Company 2025 Second Quarter Form 10-Q | 1

Baker Hughes Company

Condensed Consolidated Statements of Comprehensive Income (Loss)

(Unaudited)

Three Months Ended June 30,Six Months Ended June 30,(In millions)2025202420252024Net income$711 $581 $1,120 $1,044 Less: Net income attributable to noncontrolling interests10 2 17 10 Net