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Baker Hughes > Baker Hughes Company Announces Third Quarter 2021 Results Orders of $ 5.4 billion for the quarter , up 6 % sequentially and up 5 % year - over - year . Revenue of $ 5.1 billion for the quarter , down 1 % sequentially and up 1 % year - over - year . GAAP operating income of $ 378 million for the quarter , up 95 % sequentially and favorable year over - year . Adjusted operating income ( a non - GAAP measure ) of $ 402 million for the quarter was up 21 % sequentially and up 72 % year - over - year . Adjusted EBITDA * ( a non - GAAP measure ) of $ 664 million for the quarter was up 9 % sequentially and up 21 % year - over - year . GAAP earnings per share of $ 0.01 for the quarter which included $ 0.15 per share of adjusting items . Adjusted earnings per share ( a non - GAAP measure ) was $ 0.16 . Cash flows generated from operating activities were $ 416 million for the quarter . Free cash flow ( a non - GAAP measure ) for the quarter was $ 305 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