Baker Hughes Co

BKR 10-Q · Q2 2025

BKR Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 6,910 7,139 -3.2%
Show Product Lines breakouts
Climate Technology Solutions · Industrial & Energy Technology 156 128 +21.9%
Completions, Intervention, and Measurements · Oilfield Services & Equipment 935 1,118 -16.4%
Gas Technology Equipment · Industrial & Energy Technology 1,624 1,539 +5.5%
Gas Technology Services · Industrial & Energy Technology 752 691 +8.8%
Industrial Products · Industrial & Energy Technology 488 509 -4.1%
Industrial Solutions · Industrial & Energy Technology 273 262 +4.2%
Product 4,516 4,552 -0.8%
Production Solutions · Oilfield Services & Equipment 968 958 +1.0%
Service 2,394 2,587 -7.5%
Subsea & Surface Pressure Systems · Oilfield Services & Equipment 793 845 -6.2%
Total Gas Technology · Industrial & Energy Technology 2,377 2,230 +6.6%
Total Industrial Technology · Industrial & Energy Technology 761 770 -1.2%
Well Construction · Oilfield Services & Equipment 921 1,090 -15.5%
Show Business Segments breakouts
Industrial & Energy Technology 3,293 3,128 +5.3%
Industrial & Energy Technology · Operating Segments 3,293 3,128 +5.3%
Oilfield Services & Equipment 3,617 4,011 -9.8%
Oilfield Services & Equipment · Europe/CIS/Sub-Saharan Africa 653 827 -21.0%
Oilfield Services & Equipment · Latin America 639 663 -3.6%
Oilfield Services & Equipment · Middle East/Asia 1,398 1,498 -6.7%
Oilfield Services & Equipment · North America 928 1,023 -9.3%
Oilfield Services & Equipment · Operating Segments 3,617 4,011 -9.8%
Cost of Revenue (Q)
Show Product Lines breakouts
Product 3,602 3,657 -1.5%
Service 1,693 1,836 -7.8%
Show Business Segments breakouts
Industrial & Energy Technology · Operating Segments 2,389 2,268 +5.3%
Oilfield Services & Equipment · Operating Segments 2,891 3,200 -9.7%
Show Consolidation Items breakouts
Operating Segments 5,280 5,468 -3.4%
Selling, General & Administrative 567 643 -11.8%
Show Business Segments breakouts
Industrial & Energy Technology · Operating Segments 283 323 -12.4%
Oilfield Services & Equipment · Operating Segments 219 255 -14.1%
Show Consolidation Items breakouts
Operating Segments 502 578 -13.1%
Research & Development 161 158 +1.9%
Show Business Segments breakouts
Industrial & Energy Technology · Operating Segments 96 95 +1.1%
Oilfield Services & Equipment · Operating Segments 65 63 +3.2%
Show Consolidation Items breakouts
Operating Segments 161 158 +1.9%
Other Non-Operating Income (Expense) -134 -26 -415.4%
Show Business Segments breakouts
Industrial & Energy Technology · Operating Segments -4
Oilfield Services & Equipment · Operating Segments -1
Show Consolidation Items breakouts
Material Reconciling Items -130 -26 -400.0%
Operating Segments -5
Interest Income Expense Net 54 47 +14.9%
Show Consolidation Items breakouts
Material Reconciling Items 54 47 +14.9%
Income Before Taxes 967 824 +17.4%
Income Tax Expense (Benefit) -256 -243 -5.3%
Net Income 711 581 +22.4%
Show Equity Components breakouts
Noncontrolling Interest 10 2 +400.0%
Retained Earnings 701 579 +21.1%
Net Income Loss Attributable To Noncontrolling Interest 10 2 +400.0%
Net Income 701 579 +21.1%
EPS (Basic) (Q)
Show Statement Class Of Stock breakouts
Common Class A 0.71 0.58 +22.4%
EPS (Diluted) (Q)
Show Statement Class Of Stock breakouts
Common Class A 0.71 0.58 +22.4%
Common Stock Dividends Per Share Declared (Q)
Show Statement Class Of Stock breakouts
Common Class A 0.23 0.21 +9.5%
Comprehensive Income 1,018 453 +124.7%
Other Comprehensive Income 317 -126 +351.6%
Wtd Avg Shares (Basic) (Q)
Show Statement Class Of Stock breakouts
Common Class A 988 996 -0.8%
Wtd Avg Shares (Diluted) (Q)
Show Statement Class Of Stock breakouts
Common Class A 991 1,001 -1.0%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 3,087 2,284 +35.2%
Receivables Net Current 6,511 7,051 -7.7%
Inventory 5,105 5,126 -0.4%
Other Assets Current 2,915 1,469 +98.4%
Total Current Assets 17,618 15,930 +10.6%
Non-Current Assets
Property, Plant & Equipment 5,176 4,951 +4.5%
Goodwill 5,801
Deferred Tax Assets 1,371 676 +102.8%
Other Non-Current Assets 3,014 3,107 -3.0%
Total Assets 38,740
Show Business Segments breakouts
Industrial & Energy Technology · Operating Segments 13,891
Oilfield Services & Equipment · Operating Segments 18,440
Show Consolidation Items breakouts
Corporate and eliminations 6,409
Operating Segments 32,331
Intangible Assets 1,712 1,817 -5.8%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 995 1,082 -8.0%
Software Development 384 322 +19.3%
Technology Based Intangible Assets 244 314 -22.3%
Trademarks And Trade Names 89 99 -10.1%
Other Assets
Intangible Assets Net Excluding Goodwill 3,919 4,019 -2.5%
Unbilled Contracts Receivable 1,841 1,868 -1.4%
Current Liabilities
Accounts Payable 4,340 4,649 -6.6%
Show Related Party Transactions By Related Party breakouts
Corporate Joint Venture 146 73 +100.0%
Debt Current 66 34 +94.1%
Show Short Term Debt Type breakouts
Notes Payable Other Payables 66 34 +94.1%
Deferred Revenue (Current) 5,680 5,506 +3.2%
Show Product Lines breakouts
Deferred income 131 147 -10.9%
Progress collections 5,549 5,359 +3.5%
Other Liabilities Current 2,429 2,397 +1.3%
Total Current Liabilities 12,515 12,586 -0.6%
Non-Current Liabilities
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 997 984 +1.3%
Deferred Tax Liabilities 106 156 -32.1%
Other Non-Current Liabilities 1,286 1,348 -4.6%
Long-Term Debt (Q)
Show Debt Instrument breakouts
2.061% Senior Notes due December 2026 · Senior Notes 599 598 +0.2%
3.138% Senior Notes due November 2029 · Senior Notes 523 523 0.0%
3.337% Senior Notes due December 2027 · Senior Notes 1,316 1,292 +1.9%
4.080% Senior Notes due December 2047 · Senior Notes 1,338 1,338 0.0%
4.486% Senior Notes due May 2030 · Senior Notes 498 498 0.0%
5.125% Senior Notes due September 2040 · Senior Notes 1,272 1,278 -0.5%
6.875% Notes due January 2029 · Senior Notes 259 265 -2.3%
Show Counterparty Name breakouts
Baker Hughes Co-Obligor, Inc. 5.8
Other Liabilities
Long Term Debt And Capital Lease Obligations 5,968 5,861 +1.8%
Stockholders' Equity
Additional Paid In Capital Common Stock 25,087 26,340 -4.8%
Retained Earnings -4,737 -7,785 +39.2%
Accumulated Other Comprehensive Income -2,653 -2,981 +11.0%
Total Stockholders' Equity 17,697 15,574 +13.6%
Minority Interest 171 147 +16.3%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 17,868 15,721 +13.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -298 -268 -11.2%
Accumulated Gain Loss Net Cash Flow Hedge Parent -4 -8 +50.0%
Accumulated Other Comprehensive Income -2,653 -2,981 +11.0%
Accumulated Translation Adjustment -2,351 -2,705 +13.1%
Additional Paid In Capital 25,087 26,340 -4.8%
Noncontrolling Interest 171 147 +16.3%
Retained Earnings -4,737 -7,785 +39.2%
Total Liabilities & Equity 38,740 36,656 +5.7%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation & Amortization 579 566 +2.3%
Show Business Segments breakouts
Industrial & Energy Technology · Operating Segments 109 111 -1.8%
Oilfield Services & Equipment · Operating Segments 459 445 +3.1%
Show Consolidation Items breakouts
Corporate Non Segment 11 10 +10.0%
Operating Segments 568 556 +2.2%
Debt And Equity Securities Gain Loss 21 -71 +129.6%
Stock-Based Compensation 102 101 +1.0%
Deferred Income Taxes -17 33 -151.5%
Change in Accounts Receivable 532 -5 +10740.0%
Change in Inventory -92 -124 +25.8%
Increase Decrease In Accounts Payable Trade -153 227 -167.4%
Change in Deferred Revenue -258 17 -1617.6%
Increase Decrease In Deferred Charges 69 -151 +145.7%
Increase Decrease In Other Operating Capital Net -684 -505 -35.4%
Net Cash from Operations 1,219 1,132 +7.7%
Other Non-Cash Items -15 22 -168.2%
Investing Activities
Payments To Acquire Productive Assets -601 -625 +3.8%
Proceeds From Sale Of Productive Assets 74 101 -26.7%
Other Investing Activities -69 -6 -1050.0%
Net Cash from Investing -596 -530 -12.5%
Financing Activities
Payments Of Dividends Common Stock -456 -419 -8.8%
Share Repurchases -384 -324 -18.5%
Proceeds From Payments For Other Financing Activities -105 -61 -72.1%
Net Cash from Financing -945 -929 -1.7%
Supplemental
Income Taxes Paid 418 336 +24.4%
Interest Paid 148 150 -1.3%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 45 -35 +228.6%
Net Change in Cash -277 -362 +23.5%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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