Stock Analysis on Net
Stock Analysis on Net

Halliburton Co. (NYSE:HAL)

This company has been moved to the archive! The financial data has not been updated since February 13, 2019.

Analysis of Property, Plant and Equipment

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Property, Plant and Equipment Disclosure

Halliburton Co., balance sheet: property, plant and equipment

US$ in millions

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Land 252 248 228 232 217
Buildings and property improvements 3,461 3,460 3,399 3,359 3,311
Machinery, equipment, and other 18,430 17,062 16,103 17,109 19,954
Property, plant and equipment, gross 22,143 20,770 19,730 20,700 23,482
Accumulated depreciation (13,182) (12,249) (11,198) (9,789) (11,007)
Net property, plant and equipment 8,961 8,521 8,532 10,911 12,475

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

Item Description The company
Property, plant and equipment, gross Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Halliburton Co. property, plant and equipment, gross increased from 2016 to 2017 and from 2017 to 2018.
Net property, plant and equipment Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Halliburton Co. net property, plant and equipment decreased from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.

Asset Age Ratios (Summary)

Halliburton Co., asset age ratios

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Average age ratio 60.22% 59.69% 57.42% 47.83% 47.31%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Halliburton Co. average age ratio of depreciable property, plant and equipment deteriorated from 2016 to 2017 and from 2017 to 2018.

Average Age

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Accumulated depreciation 13,182 12,249 11,198 9,789 11,007
Property, plant and equipment, gross 22,143 20,770 19,730 20,700 23,482
Land 252 248 228 232 217
Asset Age Ratio
Average age1 60.22% 59.69% 57.42% 47.83% 47.31%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

2018 Calculations

1 Average age = 100 × Accumulated depreciation ÷ (Property, plant and equipment, gross – Land)
= 100 × 13,182 ÷ (22,143 – 252) = 60.22%

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Halliburton Co. average age ratio of depreciable property, plant and equipment deteriorated from 2016 to 2017 and from 2017 to 2018.