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Baker Hughes Company Announces Fourth Quarter and Total Year 2020 Results Revenue of $5.5 billion for the quarter, up 9% sequentially and down 13% year-over-year. GAAP operating income of $182 million for the quarter, up $231 million sequentially and down 45% year-over-year. Adjusted operating income (a non-GAAP measure) of $462 million for the quarter, up 98% sequentially and down 15% year-over-year. GAAP diluted earnings per share of $0.91 for the quarter which included $(0.98) per share of adjusting items. Adjusted diluted earnings per share (a non-GAAP measure) were $(0.07). Cash flows generated from operating activities were $378 million for the quarter. Free cash flow (a non-GAAP measure) for the quarter was $250 million. The Company presents its financial results in accordance with GAAP. However, management believes that using additional non-GAAP measures will enhance the evaluation of the profitability of the Company and its ongoing operations. Please see Tables 1a,

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