Baker Hughes 2014 Annual Report Download - page 86

Download and view the complete annual report

Please find page 86 of the 2014 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.

Page out of 122

  • 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

Baker Hughes Incorporated
Notes to Consolidated Financial Statements
61
The following tables present geographic consolidated revenue based on the location to where the product is
shipped or the services are performed for the years ended December 31, and net property, plant and equipment by
its geographic location at December 31:
2014 2013 2012
Revenue Revenue Revenue
U.S. $ 11,499 $ 10,133 $ 9,903
Canada and other 1,336 1,446 1,598
North America 12,835 11,579 11,501
Latin America (1) 2,300 2,368 2,436
Europe/Africa/Russia Caspian 4,705 4,359 4,166
Middle East/Asia Pacific 4,711 4,058 3,258
Total $ 24,551 $ 22,364 $ 21,361
2014 2013 2012
Net Property,
Plant and
Equipment
Net Property,
Plant and
Equipment
Net Property,
Plant and
Equipment
U.S. $ 4,417 $ 4,582 $ 4,627
Canada and other 482 571 642
North America 4,899 5,153 5,269
Latin America (1) 890 887 912
Europe/Africa/Russia Caspian 1,805 1,761 1,452
Middle East/Asia Pacific 1,469 1,275 1,074
Total $ 9,063 $ 9,076 $ 8,707
(1) Latin America includes Mexico, and Central and South America.
The following table presents consolidated revenue for each category of similar products and services for the
years ended December 31:
2014 2013 2012
Completion and Production $ 14,572 $ 13,323 $ 12,949
Drilling and Evaluation 8,615 7,762 7,195
Industrial Services 1,364 1,279 1,217
Total $ 24,551 $ 22,364 $ 21,361
NOTE 5. STOCK-BASED COMPENSATION
Stock-based compensation cost is measured at the date of grant based on the calculated fair value of the
award and is generally recognized on a straight-line basis over the vesting period of the equity grant. The
compensation cost is determined based on awards ultimately expected to vest; therefore, we have reduced the cost
for estimated forfeitures based on historical forfeiture rates. Forfeitures are estimated at the time of grant and
revised, if necessary, in subsequent periods to reflect actual forfeitures. There were no stock-based compensation
costs capitalized as the amounts were not material.