Baker Hughes (BKR) 10-K Summary — Year Ended Dec 31, 2023
The filing provides financial results for the fiscal year, including revenue growth and positive profitability. The company maintains a strong liquidity position with a substantial cash balance and a new credit facility.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
The filing provides financial results for the fiscal year, including revenue growth and positive profitability. The company maintains a strong liquidity position with a substantial cash balance and a new credit facility.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$25.5B
Revenue reported for the fiscal year.
Operating income
$2.3B
Income from operations reported for the year.
Net income
$1.9B
Net income reported for the year.
Operating cash flow
$3.1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $20.5B | n/a |
| Dec 31, 2022 | $21.2B | +3.2% |
| Dec 31, 2023 | $25.5B | +20.6% |
Business overview
The filing's Business overview section only lists item headers without any descriptive text. Consequently, no specific business description is available from the supplied context.
Financial performance
Total revenue increased compared to the prior year. Operating income and net income were reported as positive figures, and operating cash flow was substantial.
Material risks
The Risk Factors section in the supplied filing context is only a header with no detailed description. Therefore, no material risks can be identified from the provided information.
Liquidity and capital
The company maintains solid liquidity with a significant cash balance, including a portion held in jurisdictions with currency controls. It also entered into a new committed unsecured revolving credit facility to support financial flexibility.
What to watch
Monitor the cash held in countries with currency controls and any potential repatriation costs or changes in that amount.