Bought back $384.0M of its own shares, 1.9× what it paid in stock
Dilution: new shares, stock pay and buybacks
Shares offered
Since Nov 12, 2023: 1 shelf registration.
- Dec 1, 2023 Shelf registration: shares and other securities, amount not fixed S-3ASR
Every offering filing →“Hughes Company Baker Hughes Company (“Baker Hughes”) may offer from time to time its Class A common stock, par value $0.0001 per share (the “Class A common stock”), preferred stock, par value $0.0001 per share (the “preferred stock”), debt securities (the “parent debt securities”), full and unconditional guarantees of subsidiary debt securities (as defined below) (the “parent guarantees”), purchase contracts (the …”
S-3ASR, Dec 1, 2023 ↗
Where the cash came from and where it went
FY2025, from the cash flow statement in the 10-K, added up.
Came from
| Operating cash flow | $3.8B |
Went to
| Capital spending | $1.3B |
| Acquisitions | $830.0M |
| Buybacks | $384.0M |
| Dividends | $910.0M |
| Added to cash | $351.0M |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$62.0M |
Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.
What the 10-Ks show for each CEO's years
The CEO of each fiscal year as named in the proxy's pay versus performance table, and what the 10-Ks show for those years.
Mr. Simonelli
- Operating cash flow
- $3.8B
- Capital spending
- $1.3B
- Acquisitions
- $830.0M
- Buybacks
- $384.0M
- Dividends
- $910.0M
- Stock-based pay
- $203.0M
- Revenue since FY2024
- -0%
- Debt since FY2024
- +$64.0M
- CEO pay (reported)
- $21.4M
Buybacks, dividends and share count
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2025-12-31 | $384.0M | $910.0M | $203.0M | - | - |
| 2024-12-31 | $484.0M | $836.0M | $202.0M | - | - |
| 2023-12-31 | $538.0M | $786.0M | $197.0M | - | - |
| 2022-12-31 | $828.0M | $726.0M | $207.0M | - | - |
| 2021-12-31 | $434.0M | $592.0M | $205.0M | - | - |
From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; dividends = PaymentsOfDividendsCommonStock; sbc = ShareBasedCompensation.
What it paid for each share it bought back
What BKR paid on average for each share it bought back, each fiscal year: dollars spent divided by shares bought, both from the 10-K.
| Fiscal year to | Shares bought | Spent | Average price | |
|---|---|---|---|---|
| 2025-12-31 | 9.80M | $384.0M | $39.18 | |
| 2024-12-31 | 15.20M | $484.0M | $31.84 | |
| 2023-12-31 | 16.30M | $538.0M | $33.01 | |
| 2022-12-31 | 29.70M | $828.0M | $27.88 | |
| 2021-12-31 | 17.60M | $434.0M | $24.66 |
Shares and dollars from the statement of shareholders' equity (the cash flow line also counts shares withheld for taxes, so it is not used). Share counts filed before a stock split are put on today's count. A year where the 10-K does not tag both numbers is left out.