Baker Hughes Co. Files 2023 Annual Report on Form 10-K
Ticker: BKR · Form: 10-K · Filed: 2024-02-05T00:00:00.000Z
Sentiment: neutral
Topics: Baker Hughes, 10-K, Annual Report, Financials, Oil & Gas
TL;DR
<b>Baker Hughes Co. has filed its 2023 annual report (10-K) detailing financial performance and position for the fiscal year ending December 31, 2023.</b>
AI Summary
Baker Hughes Co (BKR) filed a Annual Report (10-K) with the SEC on February 5, 2024. Baker Hughes Co. filed its 2023 Form 10-K on February 5, 2024, reporting on the fiscal year ending December 31, 2023. The filing covers financial data for the fiscal years 2021, 2022, and 2023, including product and service segment revenues. Key financial statement items such as Accounts Payable, Other Liabilities (current and noncurrent), and Other Assets (current and noncurrent) are detailed. The report includes information on common stock, additional paid-in capital, retained earnings, accumulated other comprehensive income, and noncontrolling interest as of December 31, 2020, 2021, 2022, and 2023. The company's principal business address is located at 575 North Dairy Ashford Road, Suite 100, Houston, TX 77079-1121.
Why It Matters
For investors and stakeholders tracking Baker Hughes Co, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Baker Hughes' financial health and operational results for the past fiscal year, crucial for investors and stakeholders to assess performance and future outlook. The detailed financial statements and segment reporting offer insights into revenue generation from both product and service lines, enabling analysis of business segment performance and strategic focus.
Risk Assessment
Risk Level: medium — Baker Hughes Co shows moderate risk based on this filing. The filing is a standard annual report (10-K), which is routine for public companies. However, the oil and gas industry is subject to inherent volatility and regulatory changes, which could impact Baker Hughes.
Analyst Insight
Review the detailed financial statements and segment performance within the 10-K to understand revenue drivers and identify potential areas of growth or concern for Baker Hughes.
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Product | ||
| Service |
Key Numbers
- 2023-12-31 — Fiscal Year End (Reporting period)
- 2024-02-05 — Filing Date (Date of submission)
- 2023 — Fiscal Year (Primary year of reporting)
- 2022 — Fiscal Year (Comparative year)
- 2021 — Fiscal Year (Comparative year)
Key Players & Entities
- Baker Hughes Co (company) — Filer of the 10-K
- 2023 (date) — Fiscal year end
- 2024-02-05 (date) — Filing date
- 575 North Dairy Ashford Road, Suite 100, Houston, TX 77079-1121 (address) — Business address
- Baker Hughes a GE Co (company) — Former company name
- Bear Newco, Inc. (company) — Former company name
FAQ
When did Baker Hughes Co file this 10-K?
Baker Hughes Co filed this Annual Report (10-K) with the SEC on February 5, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by Baker Hughes Co (BKR).
Where can I read the original 10-K filing from Baker Hughes Co?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Baker Hughes Co.
What are the key takeaways from Baker Hughes Co's 10-K?
Baker Hughes Co filed this 10-K on February 5, 2024. Key takeaways: Baker Hughes Co. filed its 2023 Form 10-K on February 5, 2024, reporting on the fiscal year ending December 31, 2023.. The filing covers financial data for the fiscal years 2021, 2022, and 2023, including product and service segment revenues.. Key financial statement items such as Accounts Payable, Other Liabilities (current and noncurrent), and Other Assets (current and noncurrent) are detailed..
Is Baker Hughes Co a risky investment based on this filing?
Based on this 10-K, Baker Hughes Co presents a moderate-risk profile. The filing is a standard annual report (10-K), which is routine for public companies. However, the oil and gas industry is subject to inherent volatility and regulatory changes, which could impact Baker Hughes.
What should investors do after reading Baker Hughes Co's 10-K?
Review the detailed financial statements and segment performance within the 10-K to understand revenue drivers and identify potential areas of growth or concern for Baker Hughes. The overall sentiment from this filing is neutral.
Risk Factors
- Regulatory Compliance [medium — regulatory]: The company must comply with numerous laws and regulations related to its operations, including environmental, health, and safety standards.
- Market Volatility [high — market]: The oil and gas industry is subject to significant price volatility and demand fluctuations, impacting profitability and operational planning.
- Operational Risks [medium — operational]: Risks include supply chain disruptions, equipment failures, and the successful integration of acquisitions.
- Financial Risks [medium — financial]: Includes risks related to interest rate fluctuations, currency exchange rates, and access to capital markets.
From the Filing
0001701605-24-000033.txt : 20240205 0001701605-24-000033.hdr.sgml : 20240205 20240205075257 ACCESSION NUMBER: 0001701605-24-000033 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 182 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240205 DATE AS OF CHANGE: 20240205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Baker Hughes Co CENTRAL INDEX KEY: 0001701605 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] ORGANIZATION NAME: 06 Technology IRS NUMBER: 814403168 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38143 FILM NUMBER: 24593980 BUSINESS ADDRESS: STREET 1: 575 NORTH DAIRY ASHFORD ROAD, SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77079-1121 BUSINESS PHONE: 713-439-8600 MAIL ADDRESS: STREET 1: 575 NORTH DAIRY ASHFORD ROAD, SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77079-1121 FORMER COMPANY: FORMER CONFORMED NAME: Baker Hughes a GE Co DATE OF NAME CHANGE: 20170703 FORMER COMPANY: FORMER CONFORMED NAME: Bear Newco, Inc. DATE OF NAME CHANGE: 20170321 10-K 1 bkr-20231231.htm 10-K bkr-20231231 0001701605 2023 FY false http://fasb.org/us-gaap/2023#AccountsPayableCurrent http://fasb.org/us-gaap/2023#AccountsPayableCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OperatingIncomeLoss 138 0001701605 2023-01-01 2023-12-31 0001701605 2023-06-30 iso4217:USD 0001701605 2024-01-26 xbrli:shares 0001701605 us-gaap:ProductMember 2023-01-01 2023-12-31 0001701605 us-gaap:ProductMember 2022-01-01 2022-12-31 0001701605 us-gaap:ProductMember 2021-01-01 2021-12-31 0001701605 us-gaap:ServiceMember 2023-01-01 2023-12-31 0001701605 us-gaap:ServiceMember 2022-01-01 2022-12-31 0001701605 us-gaap:ServiceMember 2021-01-01 2021-12-31 0001701605 2022-01-01 2022-12-31 0001701605 2021-01-01 2021-12-31 iso4217:USD xbrli:shares 0001701605 us-gaap:CommonClassAMember 2023-01-01 2023-12-31 0001701605 us-gaap:CommonClassAMember 2022-01-01 2022-12-31 0001701605 us-gaap:CommonClassAMember 2021-01-01 2021-12-31 0001701605 2023-12-31 0001701605 2022-12-31 0001701605 us-gaap:CommonClassAMember 2022-12-31 0001701605 us-gaap:CommonClassAMember 2023-12-31 0001701605 us-gaap:CommonClassBMember 2023-12-31 0001701605 us-gaap:CommonClassBMember 2022-12-31 0001701605 us-gaap:CommonStockMember 2020-12-31 0001701605 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001701605 us-gaap:RetainedEarningsMember 2020-12-31 0001701605 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001701605 us-gaap:NoncontrollingInterestMember 2020-12-31 0001701605 2020-12-31 0001701605 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001701605 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-12-31 0001701605 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001701605 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 000170