Item 2.02 Results of Operations and Financial Condition.
On January 23, 2023, Baker Hughes Company (the “Company”) issued a news release
announcing its financial results for the quarter and year ended December 31,
2022, a copy of which is furnished with this Form 8-K as Exhibit 99.1 and
incorporated herein by reference. In accordance with General Instructions B.2.
of Form 8-K, the information shall not be deemed “filed” for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933,
as amended, except as shall be expressly set forth by specific reference in such
Following the issuance of the news release and the filing of this current report
on Form 8-K, the Company will hold a conference call on Monday, January 23, 2023
at 8:30 a.m. Eastern Time, 7:30 a.m. Central Time, to discuss the earnings
announcement. This scheduled conference call was previously announced on
November 16, 2022. The conference call will broadcast live via a webcast that
can be accessed by visiting the Baker Hughes Company website at:
https://ift.tt/OsXfjLH. An archived version of the webcast will be
available on the Baker Hughes Company website for one month following the
In addition to financial results determined in accordance with GAAP that were
included in the news release, certain information discussed in the news release
and to be discussed on the conference call could be considered non-GAAP
financial measures (as defined under the Securities and Exchange Commission’s
(“SEC”) Regulation G). Any non-GAAP financial measures should be considered in
addition to, and not as an alternative for, or superior to, net income (loss),
income (loss) from continuing operations, cash flows or other measures of
financial performance prepared in accordance with GAAP as more fully discussed
in the Company’s financial statements and filings with the SEC. Reconciliations
of such non-GAAP information to the closest GAAP measures are included in the
Item 7.01 Regulation FD Disclosure.
On January 23, 2023, the Company issued a news release, a copy of which is
furnished with this Form 8-K as Exhibit 99.1 and incorporated into this
Item 7.01 by reference. In accordance with General Instructions B.2. of Form
8-K, the information shall not be deemed “filed” for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, except as shall be expressly set forth by specific reference in such a
See Item 2.02, “Results of Operations and Financial Condition.”
Item 8.01 Other Events.
Baker Hughes and Baker Hughes Holdings LLC (“BHH LLC”) have prepared additional
unaudited historical consolidated financial information on our previously
disclosed new segment reporting structure and product lines. Such additional
information is filed as Exhibit 99.2 to this Current Report on Form 8-K and is
incorporated herein by reference. For more information on our segment
reorganization, please refer to our Current Report on Form 8-K, filed with the
SEC on November 18, 2022.
The information in this Item 8.01 of Current Report on Form 8-K should be read
in conjunction with Baker Hughes’ and BHH LLC’s Annual Report on Form 10-K for
the fiscal year ended December 31, 2021, and its Quarterly Reports on Form 10-Q
for the fiscal quarters ended March 31, 2022, June 30, 2022, and September 30,
2022, as well additional reports filed from time to time with the SEC under the
Exchange Act. BHH LLC is a SEC registrant with separate filing requirements.
Item 9.01 Financial Statements and Exhibits. (Information furnished in this Item
9.01 is furnished pursuant to Item 9.01.)
(d) Exhibits. 99.1* News Release of Baker Hughes Company dated January 23, 2023 - Baker Hughes Company Announces Fourth Quarter and Total Year 2022 Results 99.2* Financial Supplement 101.SCH* Inline XBRL Schema Document 101.CAL* Inline XBRL Calculation Linkbase Document 101.LAB* Inline XBRL Label Linkbase Document 101.PRE* Inline XBRL Presentation Linkbase Document 101.DEF* Inline XBRL Definition Linkbase Document 104* Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
* Furnished herewith.
© Edgar Online, source Glimpses