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Baker Hughes Incorporated
Notes to Consolidated Financial Statements
82
NOTE 16. QUARTERLY DATA (UNAUDITED)
First
Quarter Second
Quarter Third
Quarter Fourth
Quarter Total
Year
2015
Revenue $ 4,594 $ 3,968 $ 3,786 $ 3,394 $ 15,742
Gross profit (1) 114 229 268 146 757
Impairment and restructuring charges (2) 573 76 98 1,246 1,993
Net loss attributable to Baker Hughes (589) (188) (159) (1,031) (1,967)
Basic loss per share attributable to Baker Hughes (1.35) (0.43) (0.36) (2.35) (4.49)
Diluted loss per share attributable to Baker Hughes (1.35) (0.43) (0.36) (2.35) (4.49)
Dividends per share 0.17 0.17 0.17 0.17 0.68
Common stock market prices:
High 65.04 69.13 61.13 57.33
Low 53.53 61.11 45.76 43.36
2014
Revenue $ 5,731 $ 5,935 $ 6,250 $ 6,635 $ 24,551
Gross profit (1) 868 1,031 984 1,309 4,192
Net income attributable to Baker Hughes 328 353 375 663 1,719
Basic earnings per share attributable to Baker Hughes 0.75 0.81 0.86 1.53 3.93
Diluted earnings per share attributable to Baker Hughes 0.74 0.80 0.86 1.52 3.92
Dividends per share 0.15 0.15 0.17 0.17 0.64
Common stock market prices:
High 65.27 74.63 75.35 65.83
Low 51.82 63.37 65.06 50.02
(1) Represents revenue less cost of sales, cost of services and research and engineering.
(2) Impairment and restructuring charges associated with asset impairments, workforce reductions, facility
closures and contract terminations recorded during 2015. See Note 3. "Impairment and Restructuring
Charges" for further discussion.