Company: BKR
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001701605-25-000117
Chunk: 20

Company: Baker Hughes Co
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 Hughes Company

Condensed Consolidated Statements of Cash Flows

(Unaudited)

Nine Months Ended September 30,(In millions)20252024Cash flows from operating activities:Net income$1,737 $1,817 Adjustments to reconcile net income to net cash flows from operating activities:Depreciation and amortization861 844 Stock-based compensation cost153 154 Change in fair value of equity securities29 (171)(Benefit) provision for deferred income taxes(44)35 Changes in operating assets and liabilities:Current receivables513 203 Inventories37 (150)Accounts payable(335)(40)Progress collections and deferred income(486)92 Contract and other deferred assets237 (162)Other operating items, net(554)(480)Net cash flows provided by operating activities2,148 2,142 Cash flows from investing activities:Expenditures for capital assets(896)(925)Proceeds from disposal of assets139 145 Net cash paid for acquisitions(800)— Proceeds from sale of equity securities1 21 Other investing items, net(95)(40)Net cash flows used in investing activities(1,651)(799)Cash flows from financing activities:Dividends paid(683)(628)Repurchase of Class A common stock(384)(476)Repayment of long-term debt— (134)Other financing items, net(157)(55)Net cash flows used in financing activities(1,224)(1,293)Effect of currency exchange rate changes on cash and cash equivalents56 (32)(Decrease) increase in cash and cash equivalents(671)18 Cash and cash equivalents, beginning of period3,364 2,646 Cash and cash equivalents, end of period$2,693 $2,664 Supplemental cash flows disclosures:Income taxes paid, net of refunds$754 $733 Interest paid$197 $199 

See accompanying Notes to Unaudited Condensed Consolidated Financial Statements.

Baker Hughes Company 2025 Third Quarter Form 10-Q | 6

Baker Hughes CompanyNotes to Unaudited Condensed 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 with a diversified portfolio