For the year ending 2025-12-31, BKR had $351M increase in cash & cash equivalents over the period. $2,537M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 2,624 | 3,008 | 1,970 | -578 |
| Property, plant and equipment impairment, net | - | 77 | -1 | 166 |
| Depreciation and amortization | 1,188 | 1,136 | 1,087 | 1,061 |
| Benefit for deferred income taxes | -702 | -671 | -59 | - |
| Inventory impairment | - | - | 35 | 31 |
| Loss (gain) on equity securities | - | - | - | -265 |
| (gain) loss on equity securities | - | -367 | -555 | - |
| Change in fair value of equity securities | -103 | - | - | - |
| Goodwill impairment | - | - | - | 0 |
| Stock-based compensation cost | 203 | 202 | 197 | 207 |
| Intangible assets impairment | - | - | - | 18 |
| (gain) loss on business dispositions | 0 | 0 | 40 | -451 |
| Current receivables | -358 | 159 | 986 | 625 |
| Inventories | -79 | 102 | 461 | 885 |
| Accounts payable | 11 | 91 | 61 | 605 |
| Progress collections and deferred income | -58 | 273 | 1,639 | 1,103 |
| Contract and other deferred assets | -323 | 96 | 211 | 76 |
| Other operating items, net | 319 | 60 | -386 | -145 |
| Net cash flows provided by operating activities | 3,810 | 3,332 | 3,062 | 1,888 |
| Expenditures for capital assets | 1,273 | 1,278 | 1,224 | 989 |
| Proceeds from disposal of assets | 195 | 203 | 208 | 217 |
| Proceeds from sale of equity securities | 1 | 92 | 372 | - |
| Proceeds from business dispositions | 0 | 0 | 293 | 0 |
| Net cash paid for acquisitions and business interests | - | - | - | 845 |
| Net cash paid for acquisitions | 830 | 0 | 301 | - |
| Other investing items, net | 137 | 33 | 165 | -53 |
| Net cash flows used in investing activities | -2,044 | -1,016 | -817 | -1,564 |
| Net repayments of short-term debt | - | - | - | -28 |
| Proceeds from the issuance of long-term debt | - | - | 0 | 0 |
| Repayment of commercial paper | - | - | 0 | 0 |
| Repayment of long-term debt | 0 | 143 | 651 | 0 |
| Dividends paid | 910 | 836 | 786 | 726 |
| Distributions to ge | - | - | 0 | 17 |
| Repurchase of class a common stock | 384 | 484 | 538 | 828 |
| Other financing items, net | -188 | -64 | -53 | 7 |
| Net cash flows used in financing activities | -1,482 | -1,527 | -2,028 | -1,592 |
| Effect of currency exchange rate changes on cash and cash equivalents | 67 | -71 | -59 | -97 |
| Increase in cash and cash equivalents | 351 | 718 | 158 | -1,365 |
| Cash and cash equivalents at beginning of period | 3,364 | 2,646 | 2,488 | 3,853 |
| Cash and cash equivalents at end of period | 3,715 | 3,364 | 2,646 | 2,488 |
Baker Hughes Co (BKR)
Baker Hughes Co (BKR)