Baker Hughes 2009 Annual Report Download - page 129
Download and view the complete annual report
Please find page 129 of the 2009 Baker Hughes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
 |
 |
2009 Form 10-K 55
Summarized financial information is shown in the following table.
Drilling Completion Oilfield Corporate
and Evaluation and Production Operations and Other Total
2009
Revenues $ 4,605 $ 5,059 $ 9,664 $ – $ 9,664
Segment profit (loss) 320 728 1,048 (437) 611
Total assets 5,419 4,451 9,870 1,569 11,439
Capital expenditures 629 455 1,084 2 1,086
Depreciation and amortization 467 233 700 11 711
2008
Revenues $ 6,049 $ 5,815 $ 11,864 $ – $ 11,864
Segment profit (loss) 1,398 1,282 2,680 (361) 2,319
Total assets 5,468 4,518 9,986 1,875 11,861
Capital expenditures 806 352 1,158 145 1,303
Depreciation and amortization 409 185 594 43 637
2007
Revenues $ 5,293 $ 5,135 $ 10,428 $ – $ 10,428
Segment profit (loss) 1,396 1,112 2,508 (251) 2,257
Total assets 4,720 4,096 8,816 1,041 9,857
Capital expenditures 774 352 1,126 1 1,127
Depreciation and amortization 335 162 497 24 521
For the years ended December 31, 2009, 2008 and 2007, there were no revenues attributable to one customer that accounted
for more than 10% of total revenues.
The following table presents the details of “Corporate and
Other” segment loss for the years ended December 31:
2009 2008 2007
Corporate and
other expenses $ (298) $ (240) $ (229)
Interest expense (131) (89) (66)
Interest and
dividend income 6 27 44
Gain (loss)
on investments 4 (25) –
Acquisition-related
costs (18) – –
Gain on sale of
product line – 28 –
Litigation settlement – (62) –
Total $ (437) $ (361) $ (251)
The following table presents the details of “Corporate and
Other” total assets at December 31:
2009 2008 2007
Cash and other assets $ 1,266 $ 1,684 $ 795
Accounts receivable 17 20 7
Current deferred
tax asset 1 2 1
Property, plant
and equipment 10 28 38
Other tangible assets 275 141 200
Total $ 1,569 $ 1,875 $ 1,041
The following table presents consolidated revenues based
on the location of the use of the products or services for the
years ended December 31:
2009 2008 2007
United States $ 3,091 $ 4,512 $ 3,822
Canada and other 493 666 619
North America 3,584 5,178 4,441
Latin America 1,134 1,127 903
Europe, Africa,
Russia, Caspian 2,925 3,386 3,076
Middle East,
Asia Pacific 2,021 2,173 2,008
Total $ 9,664 $ 11,864 $ 10,428
The following table presents net property, plant and equip-
ment based on the location of the asset at December 31:
2009 2008 2007
United States $ 1,377 $ 1,356 $ 1,128
Canada and other 105 104 91
North America 1,482 1,460 1,219
Latin America 354 259 160
Europe, Africa,
Russia, Caspian 809 679 641
Middle East,
Asia Pacific 516 435 325
Total $ 3,161 $ 2,833 $ 2,345