Baker Historical Income Statement
| BKR Stock | USD 43.69 0.26 0.59% |
Historical analysis of Baker Hughes income statement accounts such as Total Revenue of 22.1 B, Gross Profit of 4.5 B or Other Operating Expenses of 20.3 B can show how well Baker Hughes Co performed in making a profits. Evaluating Baker Hughes income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Baker Hughes's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Baker Hughes latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Baker Hughes is a good buy for the upcoming year.
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About Baker Income Statement Analysis
Baker Hughes Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Baker Hughes shareholders. The income statement also shows Baker investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Baker Hughes Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Baker Hughes generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Baker Hughes Co minus its cost of goods sold. It is profit before Baker Hughes operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Baker Hughes. It is also known as Baker Hughes overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Baker Hughes' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Baker Hughes current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baker Hughes Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. At this time, Baker Hughes' Selling General Administrative is relatively stable compared to the past year. As of 12/03/2024, Net Income From Continuing Ops is likely to grow to about 1.8 B, while Gross Profit is likely to drop slightly above 4.5 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 20.5B | 21.2B | 25.5B | 22.1B | Depreciation And Amortization | 1.1B | 1.1B | 1.1B | 1.1B |
Baker Hughes income statement Correlations
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Baker Hughes Account Relationship Matchups
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Baker Hughes income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.4B | 1.3B | 1.1B | 1.1B | 1.1B | 1.1B | |
| Total Revenue | 23.8B | 20.7B | 20.5B | 21.2B | 25.5B | 22.1B | |
| Gross Profit | 4.4B | 3.2B | 4.0B | 4.4B | 5.3B | 4.5B | |
| Other Operating Expenses | 22.2B | 19.9B | 19.0B | 19.3B | 23.2B | 20.3B | |
| Operating Income | 1.5B | 1.8B | 996M | 1.2B | 2.3B | 1.2B | |
| Ebit | 1.5B | (14.9B) | 727M | 274M | 2.3B | 2.4B | |
| Research Development | 687M | 595M | 492M | 556M | 658M | 590.6M | |
| Ebitda | 2.9B | (13.6B) | 1.8B | 1.3B | 2.3B | 2.4B | |
| Cost Of Revenue | 19.4B | 17.5B | 16.5B | 16.8B | 20.3B | 17.6B | |
| Total Operating Expenses | 2.8B | 2.4B | 2.5B | 2.5B | 2.9B | 2.7B | |
| Income Before Tax | 753M | (15.2B) | 428M | 22M | 2.7B | 2.8B | |
| Total Other Income Expense Net | (763M) | 776M | (882M) | (1.2B) | 338M | 354.9M | |
| Net Income | 271M | (15.8B) | (330M) | (578M) | 1.9B | 2.0B | |
| Income Tax Expense | 482M | 559M | 758M | 600M | (685M) | (650.8M) | |
| Tax Provision | 482M | 559M | 758M | 600M | 771M | 463.8M | |
| Interest Income | 142M | 362M | 235M | 264M | 303.6M | 256.3M | |
| Interest Expense | 237M | 264M | 299M | 252M | 216M | 225.4M | |
| Selling General Administrative | 2.8B | 2.4B | 2.5B | 2.5B | 2.6B | 2.8B | |
| Net Income From Continuing Ops | 271M | (15.8B) | (330M) | (578M) | 1.7B | 1.8B | |
| Net Income Applicable To Common Shares | 128M | (9.9B) | (219M) | (601M) | (540.9M) | (567.9M) | |
| Minority Interest | 12.6B | (5.8B) | 111M | (23M) | (22M) | (20.9M) | |
| Net Interest Income | (237M) | (264M) | (299M) | (252M) | (235M) | (246.8M) | |
| Reconciled Depreciation | 1.4B | 1.3B | 1.1B | 1.1B | 1.1B | 978.1M |
Pair Trading with Baker Hughes
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Baker Hughes position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Baker Hughes will appreciate offsetting losses from the drop in the long position's value.Moving together with Baker Stock
Moving against Baker Stock
| 0.82 | TDW | Tidewater | PairCorr |
| 0.74 | XPRO | Expro Group Holdings | PairCorr |
| 0.53 | DTI | Drilling Tools Inter | PairCorr |
| 0.39 | WFRD | Weatherford International | PairCorr |
The ability to find closely correlated positions to Baker Hughes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baker Hughes when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Baker Hughes - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Baker Hughes Co to buy it.
The correlation of Baker Hughes is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Baker Hughes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baker Hughes moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Baker Hughes can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Baker Stock Analysis
When running Baker Hughes' price analysis, check to measure Baker Hughes' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Baker Hughes is operating at the current time. Most of Baker Hughes' value examination focuses on studying past and present price action to predict the probability of Baker Hughes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baker Hughes' price. Additionally, you may evaluate how the addition of Baker Hughes to your portfolios can decrease your overall portfolio volatility.