Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

The Selected Financial Data should be read in conjunction with Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations and Item 8. Financial Statements and Supplementary Data, both contained herein.



	Year Ended December 31,
(In millions, except per share amounts)	2017 (1)			2016			2015			2014
Revenue	$	17,259		$	13,269		$	16,688		$	19,191

Cost of revenue	14,046			10,123			12,193			14,256
Selling, general and administrative	2,535			1,938			2,115			2,288
Restructuring, impairment and other (2)	412			516			411			189
Goodwill impairment (3)	—			—			2,080			—
Merger and related costs (4)	373			33			27			67
Operating income (loss)	(107		)	659			(138		)	2,391
Other non operating income, net	78			27			100			124
Interest expense, net	(131		)	(102		)	(120		)	(179		)
Income (loss) before income taxes and equity in loss of affiliate	(160		)	584			(158		)	2,336
Equity in loss of affiliate	(11		)	—			—			—
Income tax provision	(71		)	(250		)	(473		)	(484		)
Net income (loss)	(242		)	334			(631		)	1,852
Less: Net income (loss) attributable to GE O&G pre-merger	109			403			(606		)	1,840
Less: Net income (loss) attributable to noncontrolling interests	(278		)	(69		)	(25		)	12
Net loss attributable to Baker Hughes, a GE company	$	(73	)	$	—		$	—		$	—

Per share of common stock:
Basic and diluted loss per Class A common share	$	(0.17	)
Dividend:
Cash dividend per Class A common share	0.35
Special dividend per Class A common share	17.50

Balance Sheet Data:
Cash and equivalents (5)	$	7,023		$	981		$	1,432		$	1,390
Total assets	57,050			21,721			23,133			26,496
Long-term debt	6,312			38			13			14
Total equity	39,173			14,855			14,545			16,386

Notes to Selected Financial Data


(1)	The current year results are not comparable to prior years as they include the results of Baker Hughes from July 3, 2017.


(2)	See "Note 18. Restructuring, Impairment and Other" of the Notes to Consolidated and Combined Financial Statements in Item 8 herein for further discussion.


(3)	Goodwill impairment recognized in our OFS operating segment. See "Note 6. Goodwill and Intangible Assets" of the Notes to Consolidated and Combined Financial Statements in Item 8 herein for further discussion.


(4)	See "Note 2. Business Acquisition" of the Notes to Consolidated and Combined Financial Statements in Item 8 herein for further discussion.


(5)	Cash and equivalents includes $997 million of cash held on behalf of GE at December 31, 2017.

BHGE 2017 FORM 10-K | 25

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