AI English summary of an SEC filing — figures as filed

The company said Baker Hughes net income attributable to the company for Q4 2023 was $439 million, adjusted EBITDA (non-GAAP) was $1,091 million, and free cash flow (non-GAAP) was $633 million.

8-KResults of Operations and Financial ConditionFiled Jan 23, 2024Period of report Jan 23, 2024Summary published (UTC) Oct 22, 2026

Key points

AI summary

The company said Baker Hughes net income attributable to the company for Q4 2023 was $439 million, adjusted EBITDA (non-GAAP) was $1,091 million, and free cash flow (non-GAAP) was $633 million.
Baker Hughes said its full-year net income attributable to the company for 2023 was $1,943 million, turning from a net loss of $(601) million in 2022. Full-year adjusted EBITDA (non-GAAP) was $3,763 million, and GAAP diluted EPS was $1.91.
The company said IET orders for Q4 2023 were $3,030 million, lower than $4,334 million in the previous quarter. Revenue for Q4 was $2,879 million at IET and $3,956 million at OFSE.
The company said cash flow from operating activities for 2023 was $3,062 million, with shareholder distributions of $786 million, including $538 million of share repurchases. It also said it repaid $650 million of senior notes that matured in December 2023 during Q4.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 Net Income, Adjusted EBITDA and Free Cash Flow

The company said Baker Hughes net income attributable to the company for Q4 2023 was $439 million, adjusted EBITDA (non-GAAP) was $1,091 million, and free cash flow (non-GAAP) was $633 million.

Source · Based on the filing body and exhibits

Full-Year Net Income, Adjusted EBITDA and Earnings per Share

Baker Hughes said its full-year net income attributable to the company for 2023 was $1,943 million, turning from a net loss of $(601) million in 2022. Full-year adjusted EBITDA (non-GAAP) was $3,763 million, and GAAP diluted EPS was $1.91.

Source · Based on the filing body and exhibits

Q4 IET Orders and Segment Revenue

The company said IET orders for Q4 2023 were $3,030 million, lower than $4,334 million in the previous quarter. Revenue for Q4 was $2,879 million at IET and $3,956 million at OFSE.

Source · Based on the filing body and exhibits

Full-Year Operating Cash Flow, Shareholder Returns and Debt Repayment

The company said cash flow from operating activities for 2023 was $3,062 million, with shareholder distributions of $786 million, including $538 million of share repurchases. It also said it repaid $650 million of senior notes that matured in December 2023 during Q4.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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