Baker Hughes 2014 Annual Report Download - page 47

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22
ITEM 6. SELECTED FINANCIAL DATA
The Selected Financial Data should be read in conjunction with Item 7. Management’s Discussion and Analysis
of Financial Condition and Results of Operations and Item 8. Financial Statements and Supplementary Data, both
contained herein.
Year Ended December 31,
(In millions, except per share amounts) 2014 (1) 2013 (1) 2012 (1) 2011 (1) 2010 (1)
Revenue $24,551 $22,364 $21,361 $19,831 $14,414
Operating income (2) 2,859 1,949 2,192 2,600 1,417
Non-operating expense, net (232) (234) (210) (261) (135)
Income before income taxes 2,627 1,715 1,982 2,339 1,282
Income taxes (3) (896) (612) (665) (596) (463)
Net income 1,731 1,103 1,317 1,743 819
Net income attributable to noncontrolling interests (12) (7) (6) (4) (7)
Net income attributable to Baker Hughes $ 1,719 $ 1,096 $ 1,311 $ 1,739 $ 812
Per share of common stock:
Net income attributable to Baker Hughes:
Basic $ 3.93 $ 2.47 $ 2.98 $ 3.99 $ 2.06
Diluted 3.92 2.47 2.97 3.97 2.06
Dividends 0.64 0.60 0.60 0.60 0.60
Balance Sheet Data:
Cash, cash equivalents and short-term investments $ 1,740 $ 1,399 $ 1,015 $ 1,050 $ 1,706
Working capital (current assets minus current liabilities) 7,408 6,717 6,293 6,295 5,568
Total assets 28,827 27,934 26,689 24,847 22,986
Long-term debt 3,913 3,882 3,837 3,845 3,554
Total equity 18,730 17,912 17,268 15,964 14,286
Notes To Selected Financial Data
(1) We acquired BJ Services Company ("BJ Services") on April 28, 2010, and accordingly, the financial results
of BJ Services are included only from the date of acquisition.
(2) Operating income for 2011 includes a charge of $315 million before-tax ($220 million net of tax), the
majority of which relates to the impairment associated with the decision to minimize the use of the BJ
Services trade name.
(3) Income taxes for 2011 include a tax benefit of $214 million associated with the reorganization of certain
foreign subsidiaries.