Baker Hughes Co (BKR) financial statements: income statement, balance sheet and cash flow
Baker Hughes Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Baker Hughes Co reported revenue of $27.7B (-0.3% year on year) and net income of $2.6B (-12.8% year on year).
Income statement
Baker Hughes Co income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenue
$27.7B
$27.8B
$25.5B
$21.2B
Cost
$21.2B
$22.0B
$20.3B
$16.8B
Selling, general and administrative
$2.4B
$2.5B
$2.6B
$2.5B
Research and development costs
$600.0M
—
—
—
Restructuring
$215.0M
—
—
—
Other (income) expense, net
$243.0M
$382.0M
$554.0M
($911.0M)
Interest expense, net
$222.0M
($198.0M)
($216.0M)
($252.0M)
Income before income taxes
$2.9B
$3.3B
$2.7B
$22.0M
Provision for income taxes
($253.0M)
($257.0M)
($685.0M)
($600.0M)
Net income
$2.6B
$3.0B
$2.0B
($578.0M)
Less: Net income attributable to noncontrolling interests
$36.0M
$29.0M
$27.0M
$23.0M
Net income attributable to Baker Hughes Company
$2.6B
$3.0B
$1.9B
($601.0M)
Basic income per Class A common share (in dollars per share)
$2.62
$3.00
$1.93
-$0.61
Diluted income per Class A common share (in dollars per share)
$2.60
$2.98
$1.91
-$0.61
Cash dividend per Class A common share (in dollars per share)
$0.92
$0.84
$0.78
$0.73
Baker Hughes Co income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenue
$6.7B
$6.6B
$7.0B
$6.9B
Costs
$5.2B
$5.1B
$5.3B
$5.3B
Selling, general and administrative
$569.0M
$562.0M
$607.0M
$567.0M
Research and development costs
$143.0M
$133.0M
$146.0M
$161.0M
Restructuring
$11.0M
$37.0M
—
—
Other (income) expense, net
($104.0M)
($588.0M)
$71.0M
($134.0M)
Interest expense, net
$66.0M
$86.0M
$56.0M
$54.0M
Income before income taxes
$892.0M
$1.3B
$821.0M
$967.0M
Provision for income taxes
($210.0M)
($336.0M)
($204.0M)
($256.0M)
Net income
$682.0M
$938.0M
$617.0M
$711.0M
Less: Net income attributable to noncontrolling interests
$1.0M
$8.0M
$8.0M
$10.0M
Net income attributable to Baker Hughes Company
$681.0M
$930.0M
$609.0M
$701.0M
Basic income per Class A common stock (in dollars per share)
$0.69
$0.94
$0.62
$0.71
Diluted income per Class A common stock (in dollars per share)
$0.68
$0.93
$0.61
$0.71
Cash dividend per Class A common stock (in dollars per share)
$0.23
$0.23
$0.23
$0.23
Balance sheet
Baker Hughes Co balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$3.7B
$3.4B
$2.6B
$2.5B
Current receivables, net
$6.6B
$7.1B
$7.1B
$6.0B
Inventories, net
$5.0B
$5.0B
$5.1B
$4.6B
All other current assets
$3.5B
$1.8B
$1.5B
$1.6B
Total current assets
$18.8B
$17.2B
$16.3B
$14.6B
Property, plant and equipment, less accumulated depreciation
$5.3B
$5.1B
$4.9B
$4.5B
Goodwill
$6.1B
$6.1B
$6.1B
$5.9B
Other intangible assets, net
$4.1B
$4.0B
$4.1B
$4.2B
Contract and other deferred assets
$1.6B
$1.7B
$1.8B
$1.5B
Deferred income tax assets
$2.0B
$1.3B
$722.0M
$657.0M
All other assets
$3.0B
$3.0B
$3.0B
$2.8B
Total assets
$40.9B
$38.4B
$36.9B
$34.2B
Accounts payable
$4.6B
$4.5B
$4.5B
$4.3B
Short-term and current portion of long-term debt
$689.0M
$53.0M
$148.0M
$677.0M
Progress collections and deferred income
$5.9B
$5.7B
$5.5B
$3.8B
All other current liabilities
$2.7B
$2.7B
$2.8B
$2.3B
Total current liabilities
$13.9B
$13.0B
$13.0B
$11.1B
Long-term debt
$5.4B
$6.0B
$5.9B
$6.0B
Liabilities for pensions and other postretirement benefits
$1.1B
$988.0M
$978.0M
$960.0M
Deferred income tax liabilities
$84.0M
$83.0M
$176.0M
$229.0M
All other liabilities
$1.4B
$1.3B
$1.4B
$1.4B
Class A common stock, $0.0001 par value - 2,000 authorized, 987 and 990 issued and outstanding as of December 31, 2025 and 2024, respectively
$0
$0
$0
$0
Capital in excess of par value
$24.7B
$25.9B
$27.0B
$28.1B
Retained loss
($3.3B)
($5.8B)
($8.8B)
($10.8B)
Accumulated other comprehensive loss
($2.7B)
($3.2B)
($2.8B)
($3.0B)
Baker Hughes Company equity
$18.8B
$16.9B
$15.4B
$14.4B
Noncontrolling interests
$176.0M
$160.0M
$151.0M
$131.0M
Total equity
$19.0B
$17.1B
$15.5B
$14.5B
Total liabilities and equity
$40.9B
$38.4B
$36.9B
$34.2B
Baker Hughes Co balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$15.7B
$14.8B
$2.7B
$3.1B
Current receivables, net
$6.7B
$6.7B
$6.6B
$6.5B
Inventories, net
$5.0B
$4.9B
$5.0B
$5.1B
All other current assets
$3.2B
$2.3B
$3.2B
$2.9B
Total current assets
$30.6B
$28.6B
$17.5B
$17.6B
Property, plant and equipment (net of accumulated depreciation of $6,983 and $6,686, respectively)
$5.5B
$5.5B
$5.3B
$5.2B
Goodwill
$5.6B
$6.0B
$6.1B
$5.8B
Other intangible assets, net
$4.0B
$4.1B
$4.2B
$3.9B
Contract and other deferred assets
$1.9B
$1.7B
$1.7B
$1.8B
Deferred income tax assets
$1.9B
$1.7B
$1.4B
$1.4B
All other assets
$3.1B
$3.2B
$3.1B
$3.0B
Total assets
$52.6B
$50.9B
$39.2B
$38.7B
Accounts payable
$4.5B
$4.3B
$4.2B
$4.3B
Short-term debt
$774.0M
$753.0M
$68.0M
$66.0M
Progress collections and deferred income
$6.6B
$6.0B
$5.5B
$5.7B
All other current liabilities
$2.7B
$2.4B
$2.7B
$2.4B
Total current liabilities
$14.6B
$13.4B
$12.4B
$12.5B
Long-term debt
$15.5B
$15.4B
$6.0B
$6.0B
Liabilities for pensions and other postretirement benefits
$959.0M
$1.0B
$1.0B
$997.0M
Deferred income tax liabilities
$100.0M
$94.0M
$116.0M
$106.0M
All other liabilities
$1.4B
$1.4B
$1.3B
$1.3B
Class A Common Stock, $0.0001 par value - 2,000 authorized, 992 and 987 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
$0
$0
$0
$0
Capital in excess of par value
$24.3B
$24.5B
$24.9B
$25.1B
Retained loss
($1.6B)
($2.3B)
($4.1B)
($4.7B)
Accumulated other comprehensive loss
($2.8B)
($2.8B)
($2.6B)
($2.7B)
Baker Hughes Company equity
$19.9B
$19.3B
$18.2B
$17.7B
Noncontrolling interests
$176.0M
$176.0M
$171.0M
$171.0M
Total equity
$20.1B
$19.5B
$18.3B
$17.9B
Total liabilities and equity
$52.6B
$50.9B
$39.2B
$38.7B
Cash flow statement
Baker Hughes Co cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$2.6B
$3.0B
$2.0B
($578.0M)
Depreciation and amortization
$1.2B
$1.1B
$1.1B
$1.1B
Benefit for deferred income taxes
($702.0M)
($671.0M)
($59.0M)
—
Change in fair value of equity securities
$103.0M
—
—
—
Stock-based compensation cost
$203.0M
$202.0M
$197.0M
$207.0M
(Gain) loss on business dispositions
$0
$0
($40.0M)
$451.0M
Current receivables
$358.0M
($159.0M)
($986.0M)
($625.0M)
Inventories
$79.0M
($102.0M)
($461.0M)
($885.0M)
Accounts payable
$11.0M
$91.0M
$61.0M
$605.0M
Progress collections and deferred income
($58.0M)
$273.0M
$1.6B
$1.1B
Contract and other deferred assets
$323.0M
($96.0M)
($211.0M)
($76.0M)
Other operating items, net
($319.0M)
($60.0M)
$386.0M
$145.0M
Net cash flows provided by operating activities
$3.8B
$3.3B
$3.1B
$1.9B
Expenditures for capital assets
($1.3B)
($1.3B)
($1.2B)
($989.0M)
Proceeds from disposal of assets
$195.0M
$203.0M
$208.0M
$217.0M
Proceeds from sale of equity securities
$1.0M
$92.0M
$372.0M
—
Proceeds from business dispositions
$0
$0
$293.0M
$0
Net cash paid for acquisitions
($830.0M)
$0
($301.0M)
—
Other investing items, net
($137.0M)
($33.0M)
($165.0M)
$53.0M
Net cash flows used in investing activities
($2.0B)
($1.0B)
($817.0M)
($1.6B)
Repayment of long-term debt
$0
($143.0M)
($651.0M)
$0
Dividends paid
($910.0M)
($836.0M)
($786.0M)
($726.0M)
Repurchase of Class A common stock
($384.0M)
($484.0M)
($538.0M)
($828.0M)
Other financing items, net
($188.0M)
($64.0M)
($53.0M)
$7.0M
Net cash flows used in financing activities
($1.5B)
($1.5B)
($2.0B)
($1.6B)
Effect of currency exchange rate changes on cash and cash equivalents
$67.0M
($71.0M)
($59.0M)
($97.0M)
Increase in cash and cash equivalents
$351.0M
$718.0M
$158.0M
($1.4B)
Cash and cash equivalents, beginning of period
$3.4B
$2.6B
$2.5B
$3.9B
Cash and cash equivalents, end of period
$3.7B
$3.4B
$2.6B
$2.5B
Income taxes paid, net of refunds
$1.2B
$1.0B
—
—
Interest paid
$294.0M
$298.0M
—
—
Baker Hughes Co cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$1.6B
$938.0M
$1.7B
$1.1B
Depreciation and amortization
$687.0M
$354.0M
$861.0M
$579.0M
Stock-based compensation cost
$102.0M
$45.0M
$153.0M
$102.0M
Change in fair value of equity securities
($75.0M)
$50.0M
$29.0M
$21.0M
Gain on business dispositions
($697.0M)
($721.0M)
—
—
(Benefit) provision for deferred income taxes
$58.0M
$224.0M
($44.0M)
($17.0M)
Current receivables
($27.0M)
$20.0M
$513.0M
$532.0M
Inventories
($96.0M)
$35.0M
$37.0M
($92.0M)
Accounts payable
$18.0M
($248.0M)
($335.0M)
($153.0M)
Progress collections and deferred income
$803.0M
$195.0M
($486.0M)
($258.0M)
Contract and other deferred assets
($348.0M)
($175.0M)
$237.0M
$69.0M
Other operating items, net
($200.0M)
($217.0M)
($554.0M)
($684.0M)
Net cash flows provided by operating activities
$1.8B
$500.0M
$2.1B
$1.2B
Expenditures for capital assets
($636.0M)
($336.0M)
($896.0M)
($601.0M)
Proceeds from disposal of assets
$110.0M
$46.0M
$139.0M
$74.0M
Proceeds from business dispositions
$1.4B
$1.4B
—
—
Other investing items, net
$19.0M
($53.0M)
($95.0M)
($69.0M)
Net cash flows provided by (used in) investing activities
$874.0M
$1.0B
($1.7B)
($596.0M)
Proceeds from issuance of long-term debt
$9.9B
$9.9B
—
—
Dividends paid
($456.0M)
($228.0M)
($683.0M)
($456.0M)
Repurchase of Class A common stock
$0
$0
($384.0M)
($384.0M)
Other financing items, net
($142.0M)
($134.0M)
($157.0M)
($105.0M)
Net cash flows provided by (used in) financing activities
$9.3B
$9.5B
($1.2B)
($945.0M)
Effect of currency exchange rate changes on cash and cash equivalents