Baker Hughes 2015 Annual Report Download - page 70

Download and view the complete annual report

Please find page 70 of the 2015 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 104

  • 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

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. Amounts for Industrial Services have been included in the applicable
geographic locations.
2015 2014 2013
Revenue Revenue Revenue
U.S. $ 5,800 $ 11,499 $ 10,133
Canada and other 839 1,336 1,446
North America 6,639 12,835 11,579
Latin America (1) 1,847 2,300 2,368
Europe/Africa/Russia Caspian 3,555 4,705 4,359
Middle East/Asia Pacific 3,701 4,711 4,058
Total $ 15,742 $ 24,551 $ 22,364
2015 2014 2013
Net Property,
Plant and
Equipment
Net Property,
Plant and
Equipment
Net Property,
Plant and
Equipment
U.S. $ 2,989 $ 4,417 $ 4,582
Canada and other 260 482 571
North America 3,249 4,899 5,153
Latin America (1) 716 890 887
Europe/Africa/Russia Caspian 1,400 1,805 1,761
Middle East/Asia Pacific 1,328 1,469 1,275
Total $ 6,693 $ 9,063 $ 9,076
(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:
2015 2014 2013
Completion and Production $ 8,831 $ 14,572 $ 13,323
Drilling and Evaluation 5,696 8,615 7,762
Industrial Services 1,215 1,364 1,279
Total $ 15,742 $ 24,551 $ 22,364
NOTE 6. 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.