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

Company: Baker Hughes Co
Filing Date: 2025-02-04
Form: 10-K
Item: Item 8
Chunk 10
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202 197 207 Property, plant and equipment impairment, net77 (1)166 (Gain) loss on business dispositions— (40)451 Changes in operating assets and liabilities:Current receivables(159)(986)(625)Inventories(102)(461)(885)Accounts payable91 61 605 Progress collections and deferred income273 1,639 1,103 Contract and other deferred assets(96)(211)(76)Other operating items, net(60)421 89 Net cash flows provided by operating activities3,332 3,062 1,888 Cash flows from investing activities:Expenditures for capital assets(1,278)(1,224)(989)Proceeds from disposal of assets203 208 217 Proceeds from sale of equity securities92 372 26 Proceeds from business dispositions— 293 — Net cash paid for acquisitions— (301)(767)Other investing items, net(33)(165)(51)Net cash flows used in investing activities(1,016)(817)(1,564)Cash flows from financing activities:Repayment of long-term debt(143)(651)— Dividends paid(836)(786)(726)Repurchase of Class A common stock(484)(538)(828)Other financing items, net(64)(53)(38)Net cash flows used in financing activities(1,527)(2,028)(1,592)Effect of currency exchange rate changes on cash and cash equivalents(71)(59)(97)Increase (decrease) in cash and cash equivalents718 158 (1,365)Cash and cash equivalents, beginning of period2,646 2,488 3,853 Cash and cash equivalents, end of period$3,364 $2,646 $2,488 Supplemental cash flows disclosures:Income taxes paid, net of refunds$1,040 $595 $498 Interest paid$298 $309 $291 

See accompanying Notes to Consolidated Financial Statements

Baker Hughes Company 2024 Form 10-K | 59

Baker Hughes CompanyNotes to Consolidated Financial Statements

NOTE 1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

DESCRIPTION OF THE BUSINESSBaker Hughes Company ("Baker Hughes," "the Company," "we," "us," or "our") is an energy technology company