| Address:
|
2929 ALLEN PARKWAY
SUITE 2100 |
| City: |
HOUSTON |
|
State: |
TX |
|
Zip Code: |
77019-2118 |
| Telephone: |
713-439-8600 |
|
Description of Business
|
Primary SIC Code:
3533 |
| (As filed with the SEC)
|
|
|
Baker Hughes Incorporated ("Baker Hughes," "Company," "we," "our" or "us") is
a Delaware corporation engaged in the oilfield services industry. Baker Hughes
is a major supplier of products and technology services and systems to the
worldwide oil and natural gas industry, including products and services for
drilling, formation evaluation, completion and production of oil and natural gas
wells. We may conduct our operations through subsidiaries, affiliates, ventures
and alliances.
Baker Hughes was formed in April 1987 in connection with the combination of
Baker International Corporation and Hughes Tool Company. We acquired Western
Atlas Inc. in a merger completed on August 10, 1998.
As used herein, "Baker Hughes," "Company," "we," "our" and "us" may refer to
Baker Hughes Incorporated and/or its subsidiaries. The use of these terms is not
intended to connote any particular corporate status or relationships. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 03/2009 | 4.66 | 0.150 | 6.13 | | 12/2008 | 5.30 | 0.150 | 6.05 | | 09/2008 | 5.15 | 0.150 | 11.76 | | 06/2008 | 4.97 | 0.150 | 17.57 | | 03/2008 | 4.83 | 0.130 | 14.18 | | 12/2007 | 4.73 | 0.130 | 17.15 | | 09/2007 | 4.52 | 0.130 | 19.99 | | 06/2007 | 4.43 | 0.130 | 18.99 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | 1.55 | Total Liab/Total Assets | 0.43 | | Net Inc/Total Assets | 0.14 | Total Liab/Inv Cap | 0.57 | | Net Inc/Inv Cap | 0.19 | Total Liab/Comm Equity | 4.80 | | Pretax Inc/Net Sales | 0.20 | Interest Coverage Ratio | 27.06 | | Net Inc/Net Sales | 0.14 | Curr Debt/Equity | 0.08 | | Cash Flow/Net Sales | 0.14 | LTD/Equity | 0.26 | | SG&A/NetSales | 0.09 | Total Debt/Equity | 0.34 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 4.27 | Quick Ratio | 2.04 | | Inventory Turnover | 4.26 | Current Ratio | 2.85 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.42 | | Net Sales/Work Cap | 2.56 | Inv/Curr Assets | 0.28 | | Net Sales/PP&E | 4.19 | | |
Income Statement (Millions) |
| |
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Total Revenues(Net Sales)
|
2,668.00
|
3,186.50
|
3,009.60
|
2,997.50
|
|
Cost of Goods Sold
|
1,960.00
|
2,160.20
|
2,027.80
|
1,996.60
|
|
Selling & Admin Exps
|
281.00
|
247.40
|
278.20
|
269.90
|
|
Operating Income
|
318.00
|
664.80
|
600.40
|
562.60
|
|
Interest Exp
|
35.00
|
35.70
|
20.50
|
17.10
|
|
Pretax Income
|
284.00
|
609.30
|
589.60
|
550.90
|
|
Other Income
|
1.00
|
-20.30
|
9.90
|
4.20
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
195.00
|
431.80
|
428.90
|
379.30
|
|
Assets
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Cash & Short Term Investments
|
1,180.00
|
1,955.00
|
1,127.00
|
1,071.70
|
|
Receivables - Total
|
2,752.00
|
2,990.00
|
3,006.80
|
2,908.40
|
|
Inventories - Total
|
2,104.00
|
2,021.00
|
1,988.80
|
1,906.60
|
|
Total Current Assets
|
6,217.00
|
7,145.00
|
6,298.50
|
6,062.00
|
|
Net Property, Plant & Equipment
|
2,914.00
|
2,833.00
|
2,623.10
|
2,536.20
|
|
Total Assets
|
11,014.00
|
11,861.00
|
11,007.60
|
10,708.00
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
1,455.00
|
1,953.00
|
1,731.00
|
1,702.90
|
|
Debt in Current Liabilities
|
37.00
|
558.00
|
589.10
|
581.40
|
|
Total Current Liabilities
|
1,492.00
|
2,511.00
|
2,320.10
|
2,284.30
|
|
Long-Term Debt
|
1,776.00
|
1,775.00
|
1,041.40
|
1,039.80
|
|
Total Liabilities
|
4,048.00
|
5,054.00
|
4,221.70
|
4,182.70
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
310.00
|
309.00
|
307.90
|
308.30
|
|
Retained Earnings
|
6,424.00
|
6,276.00
|
5,894.90
|
5,512.10
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
6,966.00
|
6,807.00
|
6,785.90
|
6,525.30
|
|
Total Liabilities and Stockholders' Equity
|
11,014.00
|
11,861.00
|
11,007.60
|
10,708.00
|
Cash Flow Summary (Millions) |
|
Categories
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Net Cash Provided by Operating Activities
|
34.00
|
648.50
|
408.50
|
321.10
|
|
Net Cash Provided by Investing Activities
|
-234.00
|
-421.70
|
-265.20
|
-323.30
|
|
Net Cash Provided by Financing Activities
|
-567.00
|
677.20
|
-73.60
|
43.60
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 6,103.80 | 528.60 | 1.57 | | 12/2005 | 7,185.50 | 878.40 | 2.56 | | 12/2006 | 9,027.40 | 2,419.00 | 7.21 | | 12/2007 | 10,428.20 | 1,513.90 | 4.73 | | 12/2008 | 11,864.00 | 1,635.00 | 5.30 | | Growth Rates | 18.07 | 32.62 | 35.55 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 03/31/09 | 557 | 269,476 | 87.02 |
|
Report Date :
6/23/2009
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