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2013 Annual Report 20
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) 2013 (1) 2012 (1) 2011 (1) 2010 (1) 2009
Revenue $22,364 $ 21,361 $ 19,831 $ 14,414 $ 9,664
Operating income (2) 1,949 2,192 2,600 1,417 732
Non-operating expense, net (234) (210) (261) (135) (121)
Income before income taxes 1,715 1,982 2,339 1,282 611
Income taxes (3) (612) (665) (596) (463) (190)
Net income 1,103 1,317 1,743 819 421
Net (income) loss attributable to
noncontrolling interests (7) (6) (4) (7) —
Net income attributable to Baker Hughes $ 1,096 $ 1,311 $ 1,739 $ 812 $ 421
Per share of common stock:
Net income attributable to Baker Hughes:
Basic $ 2.47 $ 2.98 $ 3.99 $ 2.06 $ 1.36
Diluted 2.47 2.97 3.97 2.06 1.36
Dividends 0.60 0.60 0.60 0.60 0.60
Balance Sheet Data:
Cash, cash equivalents and short-term
investments $1,399 $ 1,015 $ 1,050 $ 1,706 $ 1,595
Working capital (current assets minus
current liabilities) 6,717 6,293 6,295 5,568 4,612
Total assets 27,934 26,689 24,847 22,986 11,439
Long-term debt 3,882 3,837 3,845 3,554 1,785
Total equity 17,912 17,268 15,964 14,286 7,284
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. For further discussion, see Note 7 of the Notes to Consolidated Financial Statements
in Item 8 herein.
(3) Income taxes for 2011 include a tax benefit of $214 million associated with the reorganization of certain
foreign subsidiaries. For further discussion, see Note 3 of the Notes to Consolidated Financial Statements
in Item 8 herein.