Statements
2016, January, 31, 11:20:00
BAKER HUGHES: NET LOSS $1.97 BLN
Baker Hughes Fourth Quarter and Annual Results:
- Revenue of $3.4 billion for the quarter and $15.7 billion for the year
- Sequential and year-over-year decremental operating margins for the quarter were 33% and 32%, respectively
- GAAP net loss per share of $2.35 for the quarter, includes $2.14 per share of impairment and restructuring charges and merger-related costs
- Free cash flow up 25% sequentially to $436 million for the quarter, and $1.2 billion for the year