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BHI BAKER HUGHES a GE

Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward - making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com

Company profile

Ticker
BHI
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Former names
BAKER HUGHES a GE Co LLC, BAKER HUGHES INC
SEC CIK
IRS number
760207995

Investment data

Data from SEC filings
3 long holdings
End of quarter 31 Dec 20
Value
 
#Shares
 
$1.5B 10.81M
$1.34M 640.18K
$463K 361.88K
Holdings list only includes long positions. Only includes long positions.

Calendar

25 Feb 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 4.13B 4.13B 4.13B 4.13B 4.13B 4.13B
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 1.33B (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 4.58B n/a n/a
Cash remaining n/a n/a n/a -458.91M n/a n/a
Runway (months of cash) n/a n/a n/a -0.3 n/a n/a

Beta Read what these cash burn values mean

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 487 444 +9.7%
Opened positions 86 55 +56.4%
Closed positions 43 50 -14.0%
Increased positions 186 156 +19.2%
Reduced positions 159 159
13F shares
Current Prev Q Change
Total value 23.71B 13.5B +75.6%
Total shares 1.03B 1.02B +1.0%
Total puts 1.51M 1.4M +7.8%
Total calls 2.52M 2.53M -0.3%
Total put/call ratio 0.6 0.6 +8.2%
Largest owners
Shares Value Change
GE General Electric 349.44M $7.29B -7.4%
Capital World Investors 82.43M $1.72B +27.3%
Dodge & Cox 76.92M $1.6B -6.4%
Vanguard 73.24M $1.53B -1.0%
Capital Research Global Investors 73.16M $1.53B -2.2%
BLK Blackrock 55.4M $1.16B +5.2%
STT State Street 41.76M $870.72M +7.9%
PZN Pzena Investment Management 23.66M $493.4M +9.4%
IVZ Invesco 12.41M $258.74M -13.9%
Geode Capital Management 11.39M $236.89M +5.8%
Largest transactions
Shares Bought/sold Change
GE General Electric 349.44M -27.99M -7.4%
Capital World Investors 82.43M +17.69M +27.3%
BEN Franklin Resources 11.38M +10.97M +2661.6%
Norges Bank 10.03M +10.03M NEW
JPM JPMorgan Chase & Co. 1.87M -8.52M -82.0%
Dodge & Cox 76.92M -5.24M -6.4%
FIL 228K -5.07M -95.7%
STT State Street 41.76M +3.07M +7.9%
River & Mercantile Asset Management 3.31M +2.78M +534.2%
BLK Blackrock 55.4M +2.73M +5.2%

Financial report summary

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Risks
  • We operate in a highly competitive environment, which may adversely affect our ability to succeed.
  • Our business could be adversely affected by the widespread outbreak of a disease or virus. The current global spread of the COVID-19 virus has and may continue to materially and adversely affect our results of operations, cash flows, and financial condition for an indeterminate amount of time.
  • Our restructuring activities may not achieve the results we expect, and those activities could increase, which could materially and adversely affect our results of operations, cash flows, and financial condition.
  • Failure to effectively and timely execute our energy transition strategy could have an adverse effect on the demand for our technologies and services.
  • The high cost or unavailability of raw materials, equipment, and supplies essential to our business could adversely affect our ability to execute our operations on a timely basis.
  • If we are unable to attract and retain qualified personnel, we may not be able to execute our business strategy effectively and our operations could be adversely affected.
  • Our business could be impacted by geopolitical and terrorism threats in countries where we or our customers do business and our business operations may be impacted by civil unrest and/or government expropriations.
  • Our operations involve a variety of operating hazards and risks that could cause losses.
  • Seasonal and weather conditions could adversely affect demand for our services and operations.
  • Providing services on an integrated or turnkey basis could require us to assume additional risks. Some of our customers require bids in the form of fixed pricing contracts.
  • We may not be able to satisfy technical requirements, testing requirements or other specifications required under our service contracts and equipment purchase agreements.
  • We sometimes enter into consortium or similar arrangements for certain projects, which could impose additional costs and obligations on us.
  • Our contracts may be terminated early in certain circumstances.
  • The credit risks of having a concentrated customer base in the energy industry could result in losses.
  • Our customers’ activity levels and spending for our products and services and ability to pay amounts owed us could be impacted by the reduction of their cash flow and the ability of our customers to access equity or credit markets.
  • Compliance with and changes in laws could be costly and could affect operating results. In addition, government disruptions could negatively impact our ability to conduct our business.
  • Our failure to comply with the Foreign Corrupt Practices Act (FCPA) and other similar laws could have a negative impact on our ongoing operations.
  • Anti-money laundering and anti-terrorism financing laws could have adverse consequences for us.
  • Changes in tax laws, tax rates, tariffs, adverse positions taken by taxing authorities, and tax audits could impact operating results.
  • Uninsured claims and litigation against us could adversely impact our operating results.
  • We may be subject to litigation if another party claims that we have infringed upon, misappropriated or otherwise violated its intellectual property rights.
  • Compliance with, and rulings and litigation in connection with, environmental regulations and the environmental impacts of our or our customers’ operations may adversely affect our business and operating results.
  • Investor and public perception related to the company’s environment, social, and governance (ESG) performance as well as current and future ESG reporting requirements may affect our business and our operating results.
  • International, national, and state governments and agencies continue to evaluate and promulgate legislation and regulations that are focused on restricting greenhouse gas (GHG) emissions. Compliance with climate action regulations applicable to our or our customers' operations may have significant implications that could adversely affect our business and operating results in the fossil-fuel sectors, and boosting demand for technologies contributing to the climate action agenda.
  • Requirements and voluntary initiatives to reduce greenhouse gas emissions, as well as increased climate change awareness, may result in increased costs for the oil and gas industry to curb greenhouse gas emissions and could have an adverse impact on demand for oil and natural gas.
  • The potential for climate related changes may pose future risks to our operations and those of our customers.
  • Changes in laws or regulations relating to data privacy and security, or any actual or perceived failure by us to comply with such laws or regulations, or contractual or other obligations relating to data privacy or security, may adversely affect our business and operating results.
  • An inability to obtain, maintain, protect or enforce our intellectual property rights could adversely affect our business.
  • Increased cybersecurity vulnerabilities and threats, and more sophisticated and targeted cyber attacks and other security incidents, pose risks to our systems, data and business, and our relationships with customers and other third parties.
  • Volatility of oil and natural gas prices can adversely affect demand for our products and services.
  • Demand for oil and natural gas is subject to factors beyond our control, which may adversely affect our operating results. Changes in the global economy could impact our customers’ spending levels and our revenue and operating results.
  • Supply of oil and natural gas is subject to factors beyond our control, which may adversely affect our operating results.
  • Currency fluctuations or devaluations may impact our operating results.
  • Changes in economic and/or market conditions may impact our ability to borrow and/or cost of borrowing.
  • We may experience challenges relating to the separation from GE and the anticipated benefits from the Master Agreement Framework and the Omnibus Agreement.
  • We have incurred and expect to continue to incur additional costs in connection with the separation from GE, the Master Agreement Framework and the Omnibus Agreement.
Management Discussion
  • ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) should be read in conjunction with the consolidated financial statements included in Item 8. Financial Statements and Supplementary Data contained herein.
  • For management's discussion and analysis of our financial condition and results of operations for fiscal year 2019 as compared to fiscal year 2018 please refer to Part II, Item 7 "Management's discussion and analysis of financial condition and results of operations" on Form 10-K for our fiscal year ended December 31, 2019, filed with the SEC on February 13, 2020.
Content analysis
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