Common-Size Balance Sheet: Assets
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Halliburton Co., common-size consolidated balance sheet: assets
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).
- Cash and equivalents
- The proportion of cash and equivalents as a percentage of total assets showed a notable increase from 7.11% in 2014 to a peak of 27.28% in 2015. This was followed by a decline to 14.85% in 2016, and further decreasing to approximately 7-9% in the subsequent years, reaching 7.73% by 2018. This indicates a significant cash build-up in 2015, followed by a normalization closer to initial levels.
- Receivables, less allowances for bad debts
- Receivables remained relatively stable between 2015 and 2016 at around 14.4%, then increased to approximately 20% in 2017 and 2018. This upward trend suggests a growth in credit sales or collections extending over those years.
- Inventories
- Inventory levels as a proportion of total assets declined from 11.08% in 2014 to a low of 6.54% in 2015, recovered to 8.43% in 2016, and then steadily increased to 11.65% by 2018, surpassing the initial level. This pattern may reflect changing inventory management strategies or operational adjustments.
- Assets held for sale
- Assets held for sale were only reported in 2015 at 5.73% of total assets, with no values recorded in other years, indicating a possible one-time disposal or reclassification event during that period.
- Current deferred income taxes
- Current deferred income taxes were only present in 2014 at 1.31% and absent in subsequent years, suggesting either reclassification or elimination of this balance.
- Other current assets
- This category increased from 3.79% in 2014 to a peak of 5.45% in 2016, before gradually declining to 3.39% in 2018. The rise and fall could indicate short-term fluctuations in various current asset components.
- Current assets
- Current assets as a percentage of total assets underwent significant fluctuation, rising sharply from 46.74% in 2014 to 58.49% in 2015, then declining substantially to approximately 43% in the following years. The spike in 2015 aligns with the elevated cash and assets held for sale reported in that year.
- Property, plant, and equipment (net)
- The net property, plant, and equipment proportion decreased from 38.69% in 2014 to 29.54% in 2015. Afterwards, it experienced a gradual increase, reaching 34.49% in 2018. This suggests possible asset disposals or impairments in 2015 followed by reinvestments or asset acquisition.
- Goodwill
- Goodwill as a percentage of total assets declined to 5.71% in 2015, then increased consistently to nearly 11% by 2018. This pattern may reflect acquisition activity or adjustments in impairment testing over time.
- Deferred income taxes
- Deferred income taxes were unreported in 2014 and 2015, but appeared at 7.26% in 2016, then decreased to around 5% in 2017 and 2018. This introduction and subsequent decrease may reflect changes in tax positions or asset reclassifications.
- Other assets
- Other assets decreased from 7.34% in 2014 to 6.26% in 2015, rose to a peak of 8.95% in 2016, then declined steadily to 6.39% by 2018. These fluctuations suggest variations in non-core asset categories over the period.
- Noncurrent assets
- The share of noncurrent assets in total assets dropped sharply from 53.26% in 2014 to 41.51% in 2015, then rose significantly to stabilize around 57% from 2016 through 2018. This indicates a substantial rebalancing between current and noncurrent assets, primarily in 2015.
- Total assets
- Total assets consistently accounted for 100% in each year, confirming that the percentages reported are components of the whole asset base.