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Baker Hughes > Baker Hughes Company Announces Second Quarter 2021 Results Orders of $ 5.1 billion for the quarter , up 12 % sequentially and up 4 % year - over - year . Revenue of $ 5.1 billion for the quarter , up 8 % sequentially and up 9 % year - over - year . GAAP operating income of $ 194 million for the quarter , up 18 % sequentially and favorable year over - year . ● Adjusted operating income ( a non - GAAP measure ) of $ 333 million for the quarter was up 23 % sequentially and favorable year - over - year . Adjusted EBITDA * ( a non - GAAP measure ) of $ 611 million for the quarter was up 9 % sequentially and up 38 % year - over - year . GAAP loss per share of $ ( 0.08 ) for the quarter which included $ 0.18 per share of adjusting items . Adjusted earnings per share ( a non - GAAP measure ) was $ 0.10 . Cash flows generated from operating activities were $ 506 million for the quarter . Free cash flow ( a non - GAAP measure ) for the quarter was $ 385 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 reconciliations in the section entitled " Reconciliation of GAAP to non - GAAP Financial Measures . " Certain columns and rows in our tables and financial statements may not sum up due to the use of rounded numbers . * Adjusted EBITDA ( a non - GAAP measure ) is defined as operating income ( loss ) excluding depreciation & amortization and operating income adjustments . 1