Baker Hughes (BKR) Asset Writedowns and Impairment (2019 - 2024)
Baker Hughes' (BKR) quarterly Asset Writedowns and Impairment came in at $77.0 million in Q4 2024, up 326.47% YoY from $18.1 million in Q1 2024, and up 326.47% on a QoQ basis from -$34.0 million in Q4 2023.
Baker Hughes (BKR) Asset Writedowns and Impairment (2019 - 2024) Analysis & Trends
Baker Hughes (BKR) has 6 years of Asset Writedowns and Impairment data on file, last reported at $77.0 million in Q4 2024.
- Quarterly Asset Writedowns and Impairment rose 326.47% year-over-year to $77.0 million in Q4 2024, while the trailing twelve-month figure through Dec 2024 was $77.0 million (up 7800.0% YoY) and the FY2024 annual result came in at $77.0 million, up 7800.0% from the prior year.
- Asset Writedowns and Impairment grew to $77.0 million in Q4 2024, from -$34.0 million in the prior quarter.
- In the past five years, Asset Writedowns and Impairment ranged from a high of $725.0 million in Q1 2020 to a low of -$260.0 million in Q4 2022.
- A 5-year average of $61.6 million and a median of $17.0 million in 2020 frame the typical range for Asset Writedowns and Impairment.
- Annual changes were most pronounced in 2022 — Asset Writedowns and Impairment tumbled 1757.14% — and 2024, when it soared 326.47%.
- Tracing BKR's Asset Writedowns and Impairment over 5 years: stood at $42.0 million in 2020, then sank by 133.33% to -$14.0 million in 2021, then plunged by 1757.14% to -$260.0 million in 2022, then soared by 86.92% to -$34.0 million in 2023, then soared by 326.47% to $77.0 million in 2024.
- The last three Asset Writedowns and Impairment figures came in at $77.0 million (Q4 2024), -$34.0 million (Q4 2023), and $15.0 million (Q2 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Slb | 80.33 Bn | 76.25 Bn | 4.63 Bn |
| 2 | Baker Hughes | 61.93 Bn | 46.20 Bn | 1.58 Bn |
| 3 | Tenaris | 53.10 Bn | 44.08 Bn | 984.66 |
| 4 | TechnipFMC | 30.78 Bn | 29.54 Bn | 1.40 Bn |
| 5 | Halliburton | 29.58 Bn | 27.53 Bn | 2.10 Bn |
| 6 | Nov | 7.35 Bn | 6.19 Bn | 521.00 Mn |
| 7 | Weatherford International | 6.52 Bn | 5.39 Bn | 662.00 Mn |
| 8 | Kodiak Gas Services | 5.83 Bn | 5.69 Bn | 246.76 Mn |
| 9 | Archrock | 5.52 Bn | 5.52 Bn | 244.51 Mn |
| 10 | Oceaneering International | 5.28 Bn | 4.65 Bn | 156.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 77.00 Mn |
| Dec 31, 2024 | 77.00 Mn |
| Dec 31, 2023 | -34.00 Mn |
| Dec 31, 2023 | -34.00 Mn |
| Jun 30, 2023 | 15.00 Mn |
| Jun 30, 2023 | 15.00 Mn |
| Mar 31, 2023 | 18.00 Mn |
| Mar 31, 2023 | 18.00 Mn |
| Dec 31, 2022 | -260.00 Mn |
| Dec 31, 2022 | -260.00 Mn |
| Jun 30, 2022 | 31.00 Mn |
| Jun 30, 2022 | 31.00 Mn |
| Dec 31, 2021 | -14.00 Mn |
| Dec 31, 2021 | -14.00 Mn |
| Sep 30, 2020 | 42.00 Mn |
| Sep 30, 2020 | 42.00 Mn |
| Jun 30, 2020 | 16.00 Mn |
| Jun 30, 2020 | 16.00 Mn |
| Mar 31, 2020 | 725.00 Mn |
| Mar 31, 2020 | 725.00 Mn |