Analyzing Business Earnings 87EXHIBIT 2.34 (Continued)
1996
Revenues $2,397.9 $247.6 $352.8 $29.4 $3,027.7
Segment profit (loss) 329.1 23.3 31.2 (84.7) 298.9
Total assets 2,464.6 270.3 258.9 303.6 3,297.4
Capital expenditures 157.5 16.6 6.6 1.5 182.2
Depreciation and amortization 123.6 12.2 6.7 3.0 145.5
1995
Revenues $2,072.2 $223.7 $319.6 $22.0 $2,637.5
Segment profit (loss) 249.6 17.8 29.7 (92.0) 205.1
Total assets 2,423.7 259.8 187.3 295.8 3,166.6
Capital expenditures 119.1 11.0 5.0 3.8 138.9
Depreciation and amortization 123.9 12.4 5.4 2.4 144.1
The following table presents the details of “Other” segment profit (loss).
1995 1996 1997Corporate expenses $(39.7) $(40.2) $(44.3)
Interest expense-net (50.8) (52.1) (46.8)
Unusual charge (39.6) (52.1)
Acquired in-process research and development (118.0)
Nonrecurring charge to cost of sales for
Petrolite inventories (21.9)
Gain on sale of Varco stock 44.3
Other (1.5) 2.9 1.2
Total $(92.0) $(84.7) $(281.9)
The following table presents revenues by country based on the location of the use of the
product or service.
1995 1996 1997United States $972.9 $1,047.2 $1,319.7
United Kingdom 207.6 277.9 288.0
Venezuela 122.7 160.0 244.2
Canada 157.5 165.1 204.5
Nor way 104.2 145.6 175.0
Indonesia 54.5 92.7 128.0
Nigeria 33.5 64.1 83.5
Oman 45.7 56.8 77.2
Other (approximately 60 countries) 938.9 1,018.3 1,165.3
Total $2,637.5 $3,027.7 $3,685.4
The following table presents property by country based on the location of the asset.
1995 1996 1997United States $353.0 $359.9 $593.3
United Kingdom 67.6 77.7 145.3
Venezuela 19.0 25.1 33.3
Germany 18.4 19.3 21.4
Nor way 11.3 10.9 20.0
Canada 8.0 9.1 16.9
Singapore 25.0 17.7 11.7
Other countries 72.8 79.3 141.0
Total $575.1 $599.0 $982.9
SOURCE: Baker Hughes Inc., annual report, September 1997, 49–51.