Halliburton Company (HAL) Financial Statements (2024 and earlier)

Company Profile

Business Address 3000 NORTH SAM HOUSTON PARKWAY EAST
HOUSTON, TX 77032
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2,3463,0442,5632,2682,0082,337
Cash and cash equivalents 2,3463,0442,5632,2682,0082,337
Receivables4,6273,6663,0714,5775,2345,036
Inventory, net of allowances, customer advances and progress billings2,9232,3612,3493,1393,0282,396
Inventory2,9232,3612,3493,1393,0282,396
Prepaid expense      133
Asset, held-for-sale, not part of disposal group   550   
Other current assets1,0568729421,228881875
Other undisclosed current assets      
Total current assets:10,9529,9439,47511,21211,15110,777
Noncurrent Assets
Operating lease, right-of-use asset913934786931
Property, plant and equipment4,3484,3264,3257,3108,9618,521
Intangible assets, net (including goodwill)2,8292,8432,8042,8122,8252,693
Goodwill2,8292,8432,8042,8122,8252,693
Deferred income tax assets2,6362,6952,166 
Other noncurrent assets1,5771,5801,1241,4291,6611,864
Deferred tax assets, net1,3841,230
Other undisclosed noncurrent assets    1,683  
Total noncurrent assets:12,30312,37811,20514,16514,83114,308
TOTAL ASSETS:23,25522,32120,68025,37725,98225,085
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1043,1382,3823,3463,9803,531
Taxes payable292292310248231
Employee-related liabilities493517604714746
Accounts payable3,1212,3531,5732,4323,0182,554
Accrued liabilities983     
Debt  116951136512
Deferred revenue and credits257
Other liabilities7236601,0931,324786562
Other undisclosed current liabilities518497251197  
Total current liabilities:5,3454,3064,4214,8784,8024,862
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,9289,1279,13210,31610,42110,430
Long-term debt, excluding current maturities 7,9289,1279,13210,31610,42110,430
Other undisclosed long-term debt and lease obligation (845)(758)(825)  
Liabilities, other than long-term debt2,0051,3151,3861,3331,2151,444
Deferred compensation liability, classified408492562525483609
Other liabilities806823824808732835
Operating lease, liability791845758825
Other undisclosed noncurrent liabilities  845758825  
Total noncurrent liabilities:9,93311,28711,27612,47411,63611,874
Total liabilities:15,27815,59315,69717,35216,43816,736
Equity
Equity, attributable to parent7,9486,7134,9748,0129,5228,322
Common stock2,6642,6652,6662,6692,6712,673
Treasury stock, value(5,108)(5,511)(6,021)(6,427)(6,744)(6,757)
Additional paid in capital5032 143211207
Accumulated other comprehensive loss(230)(183)(362)(362)(355)(469)
Retained earnings10,5729,7108,69111,98913,73912,668
Equity, attributable to noncontrolling interest29159132227
Total equity:7,9776,7284,9838,0259,5448,349
TOTAL LIABILITIES AND EQUITY:23,25522,32120,68025,37725,98225,085

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues20,29715,29514,44522,40823,99520,620
Revenue, net20,620
Cost of revenue(16,619)(12,938)(12,572)(19,700)(20,619)(18,355)
Cost of goods and services sold (70) (505)(458) (18,355)
Gross profit:3,6782,3571,8732,7083,3762,265
Operating expenses(971)(557)(4,309)(3,156)(909)(903)
Operating income (loss):2,7071,800(2,436)(448)2,4671,362
Nonoperating expense
(Other Nonoperating expense)
(180)(79)(111)(105)(99)(87)
Interest and debt expense (42) (168)  104
Income (loss) from continuing operations before equity method investments, income taxes:2,4851,721(2,715)(553)2,3681,379
Other undisclosed loss from continuing operations before income taxes(375)(469)(505)(569)(554)(697)
Income (loss) from continuing operations before income taxes:2,1101,252(3,220)(1,122)1,814682
Income tax expense (benefit)(515)216278(7)(157)(1,131)
Income (loss) from continuing operations:1,5951,468(2,942)(1,129)1,657(449)
Income (loss) before gain (loss) on sale of properties:1,468(2,942)(1,129)1,657(468)
Loss from discontinued operations      (19)
Net income (loss):1,5951,468(2,942)(1,129)1,657(468)
Net income (loss) attributable to noncontrolling interest(23)(11)(3)(2)(1)5
Net income (loss) available to common stockholders, diluted:1,5721,457(2,945)(1,131)1,656(463)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,5951,468(2,942)(1,129)1,657(468)
Other comprehensive income (loss)(47)179 (8)114(15)
Comprehensive income (loss):1,5481,647(2,942)(1,137)1,771(483)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(23)(11)(3)(2)(1)5
Comprehensive income (loss), net of tax, attributable to parent:1,5251,636(2,945)(1,139)1,770(478)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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