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Baker Hughes cash flow statement

In fiscal 2025, Baker Hughes's operations generated $3.81bn of cash; it spent $1.27bn on capital projects, leaving free cash flow of $2.54bn. It returned $910m in dividends and $384m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations1,277262−7991,7622,1261,3042,3741,8883,0623,3323,8104,512
Depreciation and amortisation5305501,1031,4861,4181,3171,1051,0611,0871,1361,1881,519
Stock-based pay——37121187210205207197202203209
Capital spending6074246659951,2409748569891,2241,2781,2731,284
Free cash flow670−162−1,4647678863301,5188991,8382,0542,5373,228
Free cash flow after stock pay——−1,5016466991201,3136921,6411,8522,3343,019
Dividends paid00155315395488592726786836910911
Share buybacks00174387004348285384843840

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Baker Hughes's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Baker Hughes.