\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql (In\~millions, except per share amounts)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qc 2017\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qc 2016\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qc 2016\cell{ {\trowd\clvertalb\cellx5136\clvertalb\cellx6467\clvertalb\cellx6607\clvertalb\cellx7106\clvertalb\cellx8437\clvertalb\cellx8577\clvertalb\cellx9076\clvertalb\cellx10473\clvertalb\cellx10753\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql (In millions)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc 2016\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc 2016\cell{ filed with the SEC a registration statement on Form S-4\plain\cf1\f51\fs22\qj containing a preliminary combined proxy statement/prospectus of Newco and Baker Hughes (the \u8220?Preliminary\plain\cf1\f51\fs22\qj Combined Proxy Statement/Prospectus\u8221?). {\trowd\clvertalb\cellx5177\clvertalb\cellx6617\clvertalb\cellx7121\clvertalb\cellx8561\clvertalb\cellx9064\clvertalb\cellx10756\trrh281 {\trowd\trqc\clvertalb\cellx8100\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\i\ql Baker Hughes Announces First\plain\intbl\li22\ri22\cf1\f51\fs20\ql \~\plain\intbl\li22\ri22\cf1\f51\fs20\i\ql Quarter\plain\intbl\li22\ri22\cf1\f51\fs20\ql \~\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\i\ql Results\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql Loss on sale of a majority interest in the North America onshore pressure pumping business.\cell{ \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Net income (loss) attributable to noncontrolling interests\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (1\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7322\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8634\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8774\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9304\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10616\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10756\trrh281 {\trowd\trqc\cellx215\clvertalb\cellx322\cellx10757\trrh256\row}}} The elements also absorb any sudden shock to the bit face, significantly reducing damage to the TerrAdapt bit’s cutters and other BHA hardware and electronics. \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 51\cell {\trowd\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7036\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7216\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8360\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8540\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9048\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9328\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10472\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10752\trrh298 {\trowd\clvertalb\cellx6014\clvertalb\cellx7389\clvertalb\cellx7496\clvertalb\cellx8871\clvertalb\cellx8978\clvertalb\cellx10546\clvertalb\cellx10756\trrh529\row}}} Mark Freeman, Baker Hughes’ Technical Director speaks to GineersNow TV during the Abu Dhabi International Petroleum Exhibition and Conference. {\trowd\clvertalc\cellx10757\trrh-66 {\trowd\trqc\clvertalb\cellx8100\clvertalb\cellx10800\trrh281\row}}} \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (19\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (19\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ The Company\u8217?s 32,000 employees today work in more than 80 countries helping\plain\cf1\f51\fs22\qj customers find, evaluate, drill, produce, transport, and process hydrocarbon resources. The increase in profitability was mainly the result of $84 million of bad-debt recoveries in\plain\cf1\f51\fs22\qj Ecuador due to obtaining government-backed bonds in exchange for fully reserved receivables. Efficient Well Construction Baker Hughes launches industry’s first adaptive drill bit. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs22\b\qj Baker Hughes receives major contract award for offshore pipeline project in Mexico.\plain\cf1\f51\fs22\qj The company\u8217?s\plain\cf1\f51\fs22\qj Process and Pipeline Services product line will provide pipeline pre-commissioning services on two sections of 42-in.\plain\cf1\f51\fs22\qj gas transmission pipeline offshore Mexico, spanning more than 400 miles. {\trowd\clvertalb\cellx5177\clvertalb\cellx6617\clvertalb\cellx7121\clvertalb\cellx8561\clvertalb\cellx9064\clvertalb\cellx10756\trrh281 \page Free cash flow is defined as net cash flows provided by\plain\cf1\f51\fs22\i\qj (used in) operating activities less expenditures for capital assets plus proceeds from disposal of assets. By shortening and even eliminating entire steps of\plain\cf1\f51\fs22\qj the conventional approach, Baker Hughes saved the operator an estimated 25 days rig time and $40 million. \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Total\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 91\cell \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql North America\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 712\cell TerrAdapt bits are the latest example of Baker Hughes’ strategy to improve well efficiency, optimize production and increase ultimate recovery. The sequential\plain\cf1\f51\fs22\qj decrease in revenue was driven by $83 million related to the deconsolidation of the North America onshore pressure\plain\cf1\f51\fs22\qj pumping business and a steep activity decline in the Gulf of Mexico, partially offset by an increase in the U.S.\plain\sa264\cf1\f51\fs22\qj onshore \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\fs16 {\trowd\trqc\clvertalb\cellx8100\clvertalb\cellx10800\trrh281 {\trowd\clvertalb\cellx5067\clvertalb\cellx6340\clvertalb\cellx6593\clvertalb\cellx7079\clvertalb\cellx8352\clvertalb\cellx8605\clvertalb\cellx9090\clvertalb\cellx10473\clvertalb\cellx10753\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Baker Hughes Incorporated News Release\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qr Page 18\cell{ {\trowd\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5101\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5241\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6350\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6603\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7093\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7233\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8342\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8595\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9084\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9364\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10473\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10753\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6014\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8978\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10756\trrh298 {\trowd\clvertalb\cellx5067\clvertalb\cellx6340\clvertalb\cellx6593\clvertalb\cellx7079\clvertalb\cellx8352\clvertalb\cellx8605\clvertalb\cellx9090\clvertalb\cellx10473\clvertalb\cellx10753\trrh281 {\trowd\clvertalb\cellx3545\clvertalb\cellx3858\clvertalb\cellx10672\trrh281\row}}} {\trowd\trqc\clvertalc\cellx10800\trrh-66\row}}} Spotlight Winners: Aegion Coating Services, producer of ACS HT-200. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs22\b\qj Baker Hughes launches industry\u8217?s first adaptive drill bit.\plain\cf1\f51\fs22\qj The TerrAdapt\u8482? Supplemental segment\plain\cf1\f51\fs22\i\qj financial information for revenue, adjusted operating profit (loss) before tax (a non-GAAP measure), and adjusted\plain\cf1\f51\fs22\i\qj operating profit before tax margin is provided in Table 5. Oil & Gas Journal - November 6, 2017 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Baker Hughes Incorporated News Release\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qr Page 12\cell{ {\trowd\clvertalb\cellx7322\clvertalb\cellx8634\clvertalb\cellx8774\clvertalb\cellx9304\clvertalb\cellx10616\clvertalb\cellx10756\trrh281 \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ \par\pard\plain\fs16 bits \pard\plain\intbl\f0\fs16\ql \~\cell{ \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qc Three Months Ended\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7036\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8542\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9050\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10756\trrh281\row}}} Management is providing these\plain\intbl\li22\ri22\cf1\f51\fs18\ql measures because it believes that such measures are widely accepted financial indicators used by investors and analysts to analyze and\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\ql compare companies on the basis of operating performance.\cell{ \pard\plain\intbl\f0\fs16\ql \~\cell{ \u8220?target\u8221? \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Depreciation and amortization expense\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 218\cell \pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs12\qr 7\cell {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5136\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6467\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6607\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7106\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8437\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8577\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9076\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10473\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10753\trrh281 {\trowd\trqc\clvertalb\cellx8100\clvertalb\cellx10800\trrh281 {\trowd\clvertalb\cellx5177\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10757\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Baker Hughes Incorporated News Release\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qr Page 13\cell{ \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,886\cell {\trowd\cellx215\clvertalb\cellx322\cellx10757\trrh256 {\trowd\cellx806\cellx10567\trrh297 \par\pard\plain\fs16 \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (246\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 21\cell {\trowd\clvertalb\cellx5177\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8561\clvertalb\cellx9064\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10756\trrh298\row}}} \par\pard\plain\fs16\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \par\pard\plain\intbl\fs16\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)\cell{ {\trowd\clvertalc\cellx806\clvertalc\cellx9869\trrh-66 \pard\plain\intbl\li858\ri22\sb22\sa22\cf1\f51\fs20\ql Total current assets\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 8,964\cell La raz6n es que la political exte-rior tiene que ser formulada en la Casa Blanca; en el Departamento de Estado s6lo puede ser desarrolla-da y admmnistrada. Baker Hughes Incorporated (Exact name of registrant as specified in charter) ... On a recent run, the TerrAdapt™ bit increased a customer’s rate of penetration by 27 percent compared to the average rate of penetration on offset wells drilled through the same formations. PDC Drill Bit For Oil Drilling 6 3/4 Inch Baker Hughes PDC ... {\trowd\clvertalb\cellx5136\clvertalb\cellx6467\clvertalb\cellx6607\clvertalb\cellx7106\clvertalb\cellx8437\clvertalb\cellx8577\clvertalb\cellx9076\clvertalb\cellx10473\clvertalb\cellx10753\trrh281\row}}} \par\pard\plain {\trowd\clvertalb\cellx5101\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6350\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6603\clvertalb\cellx7093\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8342\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8595\clvertalb\cellx9084\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10474\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10754\trrh281 {\trowd\clvertalb\cellx7036\clvertalb\cellx8361\clvertalb\cellx8541\clvertalb\cellx9049\clvertalb\cellx10474\clvertalb\cellx10754\trrh281\row}}} {\trowd\clvertalb\cellx7322\clvertalb\cellx8774\clvertalb\cellx9304\clvertalb\cellx10756\trrh281 View the full release here:http://www.businesswire.com/news/home/20170314005587/en/, The TerrAdapt™ adaptive drill bit uses self-adjusting depth-of-cut (DOC) control elements to automatically adapt its aggressiveness to changing rock types and mitigate downhole dysfunctions. \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Income tax provision\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (47\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (367\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (107\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ \par\pard\plain\fs16 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Decrease in cash and cash equivalents\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (350\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (132\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ During the second quarter of 2016, we reached a settlement with a\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\ql third party and the loss was reversed.\cell{ \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Industrial Services\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (2.6\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )%\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (1.6\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )%\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 4.7\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql \~%\cell{ {\trowd\clvertalb\cellx5067\clvertalb\cellx6340\clvertalb\cellx6593\clvertalb\cellx7079\clvertalb\cellx8352\clvertalb\cellx8605\clvertalb\cellx9090\clvertalb\cellx10473\clvertalb\cellx10753\trrh281 When the risk of stick-slip has passed, the elements retract, enabling drilling to resume at a maximum ROP. {\trowd\clvertalb\cellx5177\clvertalb\cellx6477\clvertalb\cellx6617\clvertalb\cellx7121\clvertalb\cellx8421\clvertalb\cellx8561\clvertalb\cellx9064\clvertalb\cellx10475\clvertalb\cellx10755\trrh281\row}}} \par\pard\plain\fs16 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\ql \~\~\~\~\~\~\~Inventory adjustment\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\ql\super 4\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell {\trowd\clvertalc\cellx806\clvertalc\cellx10567\trrh-66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx7036\clvertalb\cellx8361\clvertalb\cellx8541\clvertalb\cellx9049\clvertalb\cellx10474\clvertalb\cellx10754\trrh529\row}}} \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,192\cell {\trowd\trqc\clvertalb\cellx8100\clvertalb\cellx10800\trrh281 \par\pard\plain\fs16 Jul 2019 - Present2 years 2 months. Baker Hughes announced today the commercial release of its TerrAdapt™ adaptive drill bit, which can deliver dramatic improvements in drilling economics by using automation to mitigate downhole dysfunctions that cause inefficient drilling and costly tool failures. {\trowd\cellx215\clvertalb\cellx322\cellx10757\trrh479 {\trowd\clvertalc\cellx10757\trrh-66 The foregoing list of\plain\sa198\cf1\f51\fs22\qj important factors is not exclusive.\par\pard\plain\cf1\f51\fs22\qj Any forward-looking statements speak only as of the date of this communication. \par\pard\plain\fs16 “I believe the TerrAdapt adaptive drill bit is going to deliver a step-change in our customers’ drilling efficiency,” said Scott Schmidt, Vice President, Drill Bits at Baker Hughes. Baker Hughes {\trowd\clvertalb\cellx5177\clvertalb\cellx6477\clvertalb\cellx6617\clvertalb\cellx7121\clvertalb\cellx8421\clvertalb\cellx8561\clvertalb\cellx9064\clvertalb\cellx10475\clvertalb\cellx10755\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5136\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6467\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6607\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7106\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8437\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8577\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9076\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10473\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10753\trrh281\row}}} {\trowd\cellx806\cellx9869\trrh500\row}}} }}\b\f0\fs22\lang1033 \sbasedon0\snext0 heading 3;} \par\pard\plain\fs16 \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Latin America\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 84\cell \par\pard\plain\fs16 {\trowd\clvertalc\cellx10778\trrh-66\row}}} Force polycrystalline diamond compact bits,\plain\cf1\f51\fs22\qj CoPilot\u8482? {\trowd\clvertalc\cellx5101\clvertalc\cellx5241\clvertalc\cellx6350\clvertalc\cellx6603\clvertalc\cellx7093\clvertalc\cellx7233\clvertalc\cellx8342\clvertalc\cellx8595\clvertalc\cellx9084\clvertalc\cellx9364\clvertalc\cellx10473\clvertalc\cellx10753\trrh-66\row}}} “So, instead of worrying about how to handle stick-slip or figuring out how to deal with its consequences, our customers can focus on their real business, drilling fast, trouble-free wells.”. {\trowd\clvertalb\cellx5177\clvertalb\cellx6477\clvertalb\cellx6617\clvertalb\cellx7121\clvertalb\cellx8421\clvertalb\cellx8561\clvertalb\cellx9064\clvertalb\cellx10475\clvertalb\cellx10755\trrh281\row}}} {\trowd\clvertalc\cellx639\clvertalc\cellx10652\trrh-66\row}}} {\trowd\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5101\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5241\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6350\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6603\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7093\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7233\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8342\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8595\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9084\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9364\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10473\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10753\trrh281 {\trowd\clvertalb\cellx639\cellx10652\trrh529\row}}} \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Dated: April 25, 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql By:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc /s/ Lee Whitley\cell{ {\trowd\clvertalc\cellx5067\clvertalc\cellx5234\clvertalc\cellx6340\clvertalc\cellx6593\clvertalc\cellx7079\clvertalc\cellx7246\clvertalc\cellx8352\clvertalc\cellx8605\clvertalc\cellx9090\clvertalc\cellx9370\clvertalc\cellx10473\clvertalc\cellx10753\trrh-66\row}}} {\trowd\clvertalb\cellx5067\clvertalb\cellx6340\clvertalb\cellx6593\clvertalb\cellx7079\clvertalb\cellx8352\clvertalb\cellx8605\clvertalb\cellx9090\clvertalb\cellx10473\clvertalb\cellx10753\trrh281 \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx5101\clvertalb\cellx6350\clvertalb\cellx6603\clvertalb\cellx7093\clvertalb\cellx8342\clvertalb\cellx8595\clvertalb\cellx9084\clvertalb\cellx10474\clvertalb\cellx10754\trrh281 \par\pard\plain\fs16 \par\pard\plain\intbl\fs16\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))\cell{ Free cash flow is defined as net cash flows provided by (used in) operating\plain\cf1\f51\fs22\qj activities less expenditures for capital assets plus proceeds from disposal of assets. {\trowd\trqc\clvertalc\cellx10800\trrh-66 {\trowd\cellx793\cellx10386\trrh500\row}}} {\trowd\trqc\clvertalc\cellx8100\clvertalc\cellx10800\trrh-66 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh-66 Despite a reduction in revenue, profitability improved sequentially as a\plain\cf1\f51\fs22\qj result of $14 million of foreign exchange losses in Egypt in the fourth quarter of 2016 not repeating and savings from\plain\cf1\f51\fs22\qj ongoing cost reduction efforts in the region.\par\pard\plain\sb352\cf1\f51\fs22\qj There were no adjusting items to this segment's operating profit in the fourth quarter of 2016, or the first quarter of\plain\cf1\f51\fs22\qj 2017.\par\pard\plain\sb440\sa264\cf1\f51\fs22\b\qj Middle East/Asia Pacific\par\pard\plain\sb352\cf1\f51\fs22\qj Middle East/Asia Pacific revenue of $661 million for the quarter was down $26 million, or 4%, sequentially, driven\plain\cf1\f51\fs22\qj primarily by year-end product sales in the fourth quarter of 2016 not repeating and the impact of additional price\plain\cf1\f51\fs22\qj reductions in the region. liner in a highly deviated well,\plain\cf1\f51\fs22\qj which was cemented to a depth in excess of 19,000 ft\~and successfully completed to a depth of 24,000 ft. {\trowd\clvertalb\cellx5136\clvertalb\cellx6467\clvertalb\cellx6607\clvertalb\cellx7106\clvertalb\cellx8437\clvertalb\cellx8577\clvertalb\cellx9076\clvertalb\cellx10473\clvertalb\cellx10753\trrh281 \par\pard\plain\fs16\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par {\trowd\clvertalb\cellx5136\clvertalb\cellx6467\clvertalb\cellx6607\clvertalb\cellx7106\clvertalb\cellx8437\clvertalb\cellx8577\clvertalb\cellx9076\clvertalb\cellx10473\clvertalb\cellx10753\trrh281 {\trowd\trqc\clvertalc\cellx10800\trrh-66\row}}} {\trowd\trqc\cellx215\clvertalb\cellx322\cellx10757\trrh256\row}}} \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Middle East/Asia Pacific\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 661\cell {\trowd\clvertalb\cellx6014\clvertalb\cellx7281\clvertalb\cellx7388\clvertalb\cellx7495\clvertalb\cellx8762\clvertalb\cellx8869\clvertalb\cellx8976\clvertalb\cellx10333\clvertalb\cellx10543\clvertalb\cellx10753\trrh281\row}}} {\trowd\clvertalb\cellx5101\clvertalb\cellx6350\clvertalb\cellx6603\clvertalb\cellx7093\clvertalb\cellx8342\clvertalb\cellx8595\clvertalb\cellx9084\clvertalb\cellx10474\clvertalb\cellx10754\trrh281\row}}} {\trowd\trqc\clvertalc\cellx8100\clvertalc\cellx10800\trrh-66 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql ASSETS\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ After the\plain\cf1\f51\fs22\qj registration statement is declared effective by the SEC, Newco will file with the SEC a definitive combined proxy\plain\cf1\f51\fs22\qj statement/prospectus (the \u8220?Combined Proxy Statement/Prospectus\u8221?) {\trowd\clvertalb\cellx5067\clvertalb\cellx5234\clvertalb\cellx6340\clvertalb\cellx6593\clvertalb\cellx7079\clvertalb\cellx7246\clvertalb\cellx8352\clvertalb\cellx8605\clvertalb\cellx9090\clvertalb\cellx9370\clvertalb\cellx10473\clvertalb\cellx10753\trrh281 \par\pard\plain\fs16\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par {\trowd\clvertalb\cellx5101\clvertalb\cellx5241\clvertalb\cellx6350\clvertalb\cellx6603\clvertalb\cellx7093\clvertalb\cellx7233\clvertalb\cellx8342\clvertalb\cellx8595\clvertalb\cellx9084\clvertalb\cellx9364\clvertalb\cellx10473\clvertalb\cellx10753\trrh281 {\trowd\trqc\clvertalb\cellx8100\clvertalb\cellx10800\trrh281\row}}} \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Cash and cash equivalents, end of period\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 4,222\cell \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Total Operations\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,262\cell \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs22\b\qj TORPEDO\u8482? \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Latin America\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 84\cell operator contacted Baker Hughes. \par\pard\plain\fs16\pard\plain\sb352\cf1\f51\fs24\b\i\ql Table 1a: Reconciliation of GAAP and Non-GAAP Net Loss\par\pard\plain\sb132\cf1\f51\fs22\ql The following table reconciles net loss attributable to Baker Hughes, which is the directly comparable financial result\plain\cf1\f51\fs22\ql determined in accordance with Generally Accepted Accounting Principles (GAAP), to adjusted net loss\plain\cf1\f51\fs20\ql\super 1\plain\cf1\f51\fs22\ql (a\plain\cf1\f51\fs22\ql non-GAAP financial measure). \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Cash flows from operating activities:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5177\clvertalb\cellx6477\clvertalb\cellx6617\clvertalb\cellx7121\clvertalb\cellx8421\clvertalb\cellx8561\clvertalb\cellx9064\clvertalb\cellx10475\clvertalb\cellx10755\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Net (income) loss attributable to noncontrolling interests\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell
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