Baker Hughes 2015 Annual Report Download - page 32

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23
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) 2015 2014 2013 2012 2011
Revenue $15,742 $24,551 $22,364 $21,361 $ 19,831
Operating (loss) income (1,2) (2,396) 2,859 1,949 2,192 2,600
Non-operating expense, net (217) (232) (234) (210) (261)
(Loss) income before income taxes (2,613) 2,627 1,715 1,982 2,339
Income taxes (3) 639 (896) (612) (665) (596)
Net (loss) income (1,974) 1,731 1,103 1,317 1,743
Net loss (income) attributable to noncontrolling interests 7 (12) (7) (6) (4)
Net (loss) income attributable to Baker Hughes $ (1,967) $ 1,719 $ 1,096 $ 1,311 $ 1,739
Per share of common stock:
Net (loss) income attributable to Baker Hughes:
Basic $ (4.49) $ 3.93 $ 2.47 $ 2.98 $ 3.99
Diluted (4.49) 3.92 2.47 2.97 3.97
Dividends 0.68 0.64 0.60 0.60 0.60
Balance Sheet Data:
Cash, cash equivalents and short-term investments $ 2,324 $ 1,740 $ 1,399 $ 1,015 $ 1,050
Working capital (current assets minus current liabilities) 6,493 7,408 6,717 6,293 6,295
Total assets 24,080 28,827 27,934 26,689 24,847
Long-term debt 3,890 3,913 3,882 3,837 3,845
Total equity 16,382 18,730 17,912 17,268 15,964
Notes To Selected Financial Data
(1) Operating income for 2015 includes impairment and restructuring charges of $1,993 million before-tax
($1,415 million after-tax) associated with asset impairments, workforce reductions, facility closures and
contract terminations. See Note 3. "Impairment and Restructuring Charges" of the Notes to Consolidated
Financial Statements in Item 8 herein.
(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.