Baker Hughes Inc (BHI) Financial Statement | Reuters.com
Edition:
United States

Income Statements: Baker Hughes Inc (BHI)

BHI on New York Consolidated

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30 Jun 2016
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Interim Income Statement
View: AnnualInterim

In Millions ofU.S. Dollars
(except for per share items)
2016
2016-03-31
Period Length
3 Months
Revenue 2,670.0
Other Revenue, Total --
Total Revenue 2,670.0
Cost of Revenue, Total 2,658.0
Gross Profit 12.0
Selling/General/Admin. Expenses, Total 207.0
Research & Development 102.0
Depreciation/Amortization --
Interest Expense, Net - Operating --
Interest/Investment Income - Operating --
Interest Expense(Income) - Net Operating --
Unusual Expense (Income) 262.0
Other Operating Expenses, Total --
Total Operating Expense 3,229.0
Operating Income (559.0)
Interest Expense, Net Non-Operating --
Interest/Invest Income - Non-Operating --
Interest Income(Exp), Net Non-Operating (55.0)
Gain (Loss) on Sale of Assets --
Other, Net --
Net Income Before Taxes (614.0)
Provision for Income Taxes 367.0
Net Income After Taxes (981.0)
Minority Interest 0.0
Equity In Affiliates --
U.S. GAAP Adjustment --
Net Income Before Extra. Items (981.0)
Accounting Change --
Discontinued Operations --
Extraordinary Item --
Tax on Extraordinary Items --
Net Income (981.0)
Preferred Dividends --
General Partners' Distributions --
Miscellaneous Earnings Adjustment --
Pro Forma Adjustment --
Interest Adjustment - Primary EPS --
Income Available to Com Excl ExtraOrd (981.0)
Income Available to Com Incl ExtraOrd (981.0)
Basic Weighted Average Shares 442.00
Basic EPS Excluding Extraordinary Items (2.219)
Basic EPS Including Extraordinary Items (2.219)
Dilution Adjustment --
Diluted Weighted Average Shares 442.00
Diluted EPS Excluding ExtraOrd Items (2.219)
Diluted EPS Including ExtraOrd Items (2.219)
DPS - Common Stock Primary Issue 0.170
Gross Dividends - Common Stock 74.0
Total Special Items 262.0
Normalized Income Before Taxes (352.0)
Effect of Special Items on Income Taxes 91.7
Inc Tax Ex Impact of Sp Items 458.7
Normalized Income After Taxes (810.7)
Normalized Inc. Avail to Com. (810.7)
Basic Normalized EPS (1.834)
Diluted Normalized EPS (1.834)

CORRECTED-U.S. oil drillers add rigs for third week in a row -Baker Hughes

(Corrects to '11-month high' in the first paragraph) June 17 U.S. drillers this week added oil rigs for a third week in a row for the first time since August, according to a closely followed report on Friday, as producers seek more drilling permits after crude prices hit an 11-month high over $51 a barrel last week. Despite a decline in U.S. crude futures to one-month lows to under $47 this week, analysts and producers have said oil over $50 was a key level that would trig