Company: BKR
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001701605-25-000117
Chunk: 85

Company: Baker Hughes Co
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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OFSEIETTotalRevenue$3,963 $2,945 $6,908 $11,757 $8,708 $20,465 Cost of goods and services sold(3,112)(2,071)(5,183)(9,365)(6,243)(15,608)Research and development costs(67)(91)(158)(198)(282)(480)Selling, general and administrative(237)(309)(546)(732)(937)(1,669)Add: Depreciation and amortization218 54 272 663 165 828 Segment EBITDA$765 $528 $1,293 $2,125 $1,411 $3,536 Reconciliation of segment EBITDA to Net Income Attributable to Baker Hughes Company:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024OFSE$671 $765 $1,971 $2,125 IET 635 528 1,721 1,411 Total segment1,306 1,293 3,692 3,536 Corporate costs (1)(76)(85)(239)(256)Restructuring— — — (2)Other income (expense), net (2)(71)134 (82)182 Depreciation and amortization(282)(278)(861)(844)Interest expense, net(56)(55)(161)(143)Income before income taxes821 1,009 2,349 2,473 Provision for income taxes(204)(235)(612)(656)Net income617 774 1,737 1,817 Less: Net income attributable to noncontrolling interests8 8 25 17 Net income attributable to Baker Hughes Company$609 $766 $1,712 $1,800 (1)Corporate costs are primarily reported in "Selling, general and administrative" in the condensed consolidated statements of income (loss) and exclude $6 million of depreciation and amortization for the three months ended September 30, 2025 and 2024, and $17 million and $16 million for the nine months ended September 30, 2025 and 2024, respectively.(2)Other income (expense), net excludes immaterial amounts recorded within Segment EBITDA and corporate costs for the three and nine months ended September