Baker Hughes Co (XTER:68V) Retained Earnings : €-6,324 Mil (As of Sep. 2024)

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What is Baker Hughes Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Baker Hughes Co's retained earnings for the quarter that ended in Sep. 2024 was €-6,324 Mil.

Baker Hughes Co's quarterly retained earnings increased from Mar. 2024 (€-7,695 Mil) to Jun. 2024 (€-7,232 Mil) and increased from Jun. 2024 (€-7,232 Mil) to Sep. 2024 (€-6,324 Mil).

Baker Hughes Co's annual retained earnings declined from Dec. 2021 (€-8,992 Mil) to Dec. 2022 (€-10,158 Mil) but then increased from Dec. 2022 (€-10,158 Mil) to Dec. 2023 (€-8,087 Mil).

Baker Hughes Co Retained Earnings Historical Data

The historical data trend for Baker Hughes Co's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Baker Hughes Co Retained Earnings Chart

Baker Hughes Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-8,172.32

-8,991.60

-10,158.38

-8,087.02

Baker Hughes Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-8,674.75	-8,087.02	-7,694.88	-7,232.27	-6,324.12

Baker Hughes Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Baker Hughes Co (XTER:68V) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Baker Hughes Co Business Description

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Address

575 North Dairy Ashford Road, Suite 100, Houston, TX, USA, 77079-1121

Website

https://www.bakerhughes.com

Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with a high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.

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