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Baker Hughes Co (Baker Hughes Co) Retained Earnings : $-8,364 Mil (As of Mar. 2024)


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What is Baker Hughes Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Baker Hughes Co's retained earnings for the quarter that ended in Mar. 2024 was $-8,364 Mil.

Baker Hughes Co's quarterly retained earnings increased from Sep. 2023 ($-9,258 Mil) to Dec. 2023 ($-8,819 Mil) and increased from Dec. 2023 ($-8,819 Mil) to Mar. 2024 ($-8,364 Mil).

Baker Hughes Co's annual retained earnings declined from Dec. 2021 ($-10,160 Mil) to Dec. 2022 ($-10,761 Mil) but then increased from Dec. 2022 ($-10,761 Mil) to Dec. 2023 ($-8,819 Mil).


Baker Hughes Co Retained Earnings Historical Data

The historical data trend for Baker Hughes Co's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Baker Hughes Co Retained Earnings Chart

Baker Hughes Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only - -9,942.00 -10,160.00 -10,761.00 -8,819.00

Baker Hughes Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10,185.00 -9,776.00 -9,258.00 -8,819.00 -8,364.00

Baker Hughes Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Baker Hughes Co  (NAS:BKR) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Baker Hughes Co (Baker Hughes Co) Business Description

Address
17021 Aldine Westfield Road, Houston, TX, USA, 77073-5101
Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.
Executives
Maria C Borras officer: EVP, Oilfield Services & Equip 2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
Regina Jones officer: Chief Legal Officer 7102 COMMERCE WAY, BRENTWOOD TN 37027
Lorenzo Simonelli director, officer: Chairman, President and CEO 17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
James E Apostolides officer: SVP, Enterprise Op Excellence 17021 ALDINE WESTFIELD RD, HOUSTON TX 77073
Rebecca L Charlton officer: SVP, Controller & CAO 17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
Nelda J Connors director BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Mohsen Sohi director C/O STERIS CORPORATION, 5960 HEISLEY ROAD, MENTOR OH 44060
Michael R Dumais director 870 WINTER STREET, WALTHAM MA 02451
William G Beattie director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
John G Rice director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Lynn Laverty Elsenhans director 6400 POPLAR AVENUE, MEMPHIS TN 38197
Cynthia B Carroll director C/O ALCAN INC., 1188 SHERBROOKE STREET WEST, MONTREAL A8 H3A 3G2
Gregory D Brenneman director
Kurt Camilleri officer: SVP/Controller/Chief Acctg Off 17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
Sreeganesh Ramaswamy officer: EVP, Industrial & Energy Tech 5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209