Income StatementBalance SheetCash FlowSegments
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Baker Hughes Cash Flow Statement

Operating, investing, and financing cash movements

Baker Hughes generated $3.6B in operating cash flow over the trailing twelve months. After $1.3B in capital expenditures, free cash flow was $2.3B. Free cash flow increased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.6BNet Cash From Investing (TTM)-$696.0MNet Cash From Financing (TTM)$8.5BCapital Expenditures (TTM)$1.3BDepreciation And Amortization (TTM)$1.3BNet Change In Cash (TTM)$11.5B
Latest FilingQ1 2026
Report Date2026-04-24
Market Cap$63.4B
P/E Ratio20.34
ROE17.14%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$353.0M$300.0M$301.0M$295.0M$377.0M$336.0M
Net cash from investing activities-$217.0M-$310.0M-$286.0M-$1.1B-$393.0M$1.0B
Proceeds from sale of businesses$0.0$0.0———$1.4B
Payment for (Proceeds from) Other Investing Activity—$55.0M$14.0M$26.0M$42.0M$53.0M
Proceeds from disposition of property, plant and equipment/other$58.0M$45.0M$29.0M$65.0M$56.0M$46.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts receivable$362.0M-$487.0M-$45.0M$19.0M—-$20.0M
Change in deferred revenue$181.0M-$193.0M-$65.0M-$228.0M—$195.0M
Change in inventories—$106.0M-$14.0M-$129.0M-$42.0M-$35.0M
Other working capital changes—$340.0M$344.0M-$130.0M—$217.0M
Deferred income taxes-$706.0M-$53.0M$36.0M-$27.0M-$658.0M$224.0M
Depreciation and amortization$292.0M$285.0M$293.0M$282.0M$328.0M$354.0M
Net cash from operating activities$1.2B$709.0M$510.0M$929.0M$1.7B$500.0M
Net income$1.2B$409.0M$711.0M$617.0M$887.0M$938.0M
Stock-based compensation$48.0M$50.0M$52.0M$51.0M$50.0M$45.0M
Debt and Equity Securities, Gain (Loss)$196.0M-$140.0M$119.0M-$8.0M-$74.0M-$50.0M
Gain on sale of business and assets$0.0$0.0———$721.0M
Accounts payable$131.0M-$87.0M-$66.0M-$182.0M$346.0M-$248.0M
Increase (Decrease) in Deferred Charges—-$117.0M$48.0M-$168.0M-$86.0M$175.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt—$0.0———$9.9B
Dividends paid$208.0M$229.0M$227.0M$227.0M$227.0M$228.0M
Net cash from financing activities-$234.0M-$502.0M-$443.0M-$279.0M-$258.0M$9.5B
Repurchases of common stock$8.0M$188.0M$196.0M$0.0$0.0$0.0
Other, net-$9.0M-$85.0M-$20.0M-$52.0M-$31.0M-$134.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$837.0M$409.0M$209.0M$634.0M$1.3B$164.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$39.0M$16.0M$29.0M$11.0M$11.0M-$12.0M
Net increase (decrease) in cash$700.0M-$87.0M-$190.0M-$394.0M$1.0B$11.0B

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$99.0M$50.0M$98.0M$49.0M$97.0M$56.0M
Income Taxes Paid, Net$307.0M$207.0M$211.0M$336.0M$402.0M$188.0M