Selected Financial Data
since 2005
Income Statement
Halliburton Co., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Revenue | Operating income (loss) | Net income (loss) attributable to company |
|---|---|---|---|
| Dec 31, 2018 | 23,995) | 2,467) | 1,656) |
| Dec 31, 2017 | 20,620) | 1,362) | (463) |
| Dec 31, 2016 | 15,887) | (6,778) | (5,763) |
| Dec 31, 2015 | 23,633) | (165) | (671) |
| Dec 31, 2014 | 32,870) | 5,097) | 3,500) |
| Dec 31, 2013 | 29,402) | 3,138) | 2,125) |
| Dec 31, 2012 | 28,503) | 4,159) | 2,635) |
| Dec 31, 2011 | 24,829) | 4,737) | 2,839) |
| Dec 31, 2010 | 17,973) | 3,009) | 1,835) |
| Dec 31, 2009 | 14,675) | 1,994) | 1,145) |
| Dec 31, 2008 | 18,279) | 4,010) | 1,538) |
| Dec 31, 2007 | 15,264) | 3,498) | 3,499) |
| Dec 31, 2006 | 22,504) | 3,484) | 2,348) |
| Dec 31, 2005 | 21,007) | 2,662) | 2,358) |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The financial performance from 2005 to 2018 is characterized by significant cyclicality, featuring a prolonged period of growth, a severe contraction in the mid-2010s, and a subsequent recovery phase.
- Revenue Trajectory
- Revenue exhibited a general upward trend between 2009 and 2014, rising from 14,675 million to a peak of 32,870 million. This expansion was followed by a sharp decline beginning in 2015, with revenue falling to 15,887 million by 2016, representing a reduction of approximately 51% from the 2014 peak. A recovery trend emerged in 2017 and 2018, with revenue returning to 23,995 million by the end of the period.
- Operating Performance
- Operating income remained positive and grew steadily between 2009 and 2014, peaking at 5,097 million. This stability was interrupted by a dramatic reversal in 2015 and 2016, where operating income shifted from a modest loss of 165 million to a substantial loss of 6,778 million. This suggests a period of extreme operational distress or significant asset impairments. Positive operating results returned in 2017, climbing to 2,467 million by 2018.
- Net Income Volatility
- Net income patterns closely mirrored the operating results. Following a peak of 3,500 million in 2014, net income plummeted to a loss of 671 million in 2015 and a peak loss of 5,763 million in 2016. Profitability was not immediately restored in 2017, as a net loss of 463 million was recorded, before the company returned to a positive net income of 1,656 million in 2018.
- Profitability Margins
- The analysis of the relationship between revenue and income indicates high sensitivity to market volatility. The disproportionate collapse of net income relative to the decline in revenue during 2016 suggests that the company faced significant fixed-cost pressures or non-operational charges that exacerbated the impact of falling sales. The recovery seen in 2018 indicates a stabilization of margins, although net income remains below the 2011-2014 peak levels.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Balance Sheet: Assets
Halliburton Co., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2018 | 11,151) | 25,982) |
| Dec 31, 2017 | 10,777) | 25,085) |
| Dec 31, 2016 | 11,677) | 27,000) |
| Dec 31, 2015 | 21,609) | 36,942) |
| Dec 31, 2014 | 15,068) | 32,240) |
| Dec 31, 2013 | 13,704) | 29,223) |
| Dec 31, 2012 | 13,086) | 27,410) |
| Dec 31, 2011 | 11,577) | 23,677) |
| Dec 31, 2010 | 8,886) | 18,297) |
| Dec 31, 2009 | 8,638) | 16,538) |
| Dec 31, 2008 | 7,411) | 14,385) |
| Dec 31, 2007 | 7,573) | 13,135) |
| Dec 31, 2006 | 11,183) | 16,820) |
| Dec 31, 2005 | 9,327) | 15,010) |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The asset base exhibits significant volatility over the analyzed period, characterized by a prolonged expansion phase followed by a sharp contraction. Total assets grew from 15,010 million USD in 2005 to a peak of 36,942 million USD in 2015, representing a substantial increase in the overall scale of the balance sheet. However, a significant reduction occurred in 2016, with total assets falling to 27,000 million USD, before stabilizing at 25,982 million USD by 2018.
- Total Asset Trajectory
- A sustained upward trend in total assets is observed between 2008 and 2015, during which values rose from 14,385 million USD to 36,942 million USD. This period of growth was followed by a sharp contraction in 2016, resulting in a decrease of approximately 26.7% in a single year, after which the asset base remained relatively stable through 2018.
- Current Asset Dynamics
- Current assets mirrored the movement of total assets, reaching a peak of 21,609 million USD in 2015. A severe correction occurred between 2015 and 2016, where current assets decreased by nearly 46%, falling to 11,677 million USD. This decline was more pronounced than the drop in total assets, indicating a significant reduction in short-term liquidity.
- Asset Composition and Liquidity
- The proportion of current assets relative to total assets shows notable fluctuations. In 2015, current assets represented approximately 58.5% of total assets. By 2018, this proportion decreased to approximately 42.9%. This shift suggests a change in the balance sheet structure, with a lower reliance on liquid assets relative to the total asset base toward the end of the period.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Balance Sheet: Liabilities and Stockholders’ Equity
Halliburton Co., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total liabilities | Short-term notes payable and long-term debt | Company shareholders’ equity | |
|---|---|---|---|---|
| Dec 31, 2018 | 4,802) | 16,438) | 10,457) | 9,522) |
| Dec 31, 2017 | 4,862) | 16,736) | 10,942) | 8,322) |
| Dec 31, 2016 | 4,023) | 17,552) | 12,384) | 9,409) |
| Dec 31, 2015 | 5,359) | 21,447) | 15,346) | 15,462) |
| Dec 31, 2014 | 5,883) | 15,942) | 7,854) | 16,267) |
| Dec 31, 2013 | 5,026) | 15,608) | 7,816) | 13,581) |
| Dec 31, 2012 | 4,752) | 11,620) | 4,820) | 15,765) |
| Dec 31, 2011 | 4,121) | 10,461) | 4,820) | 13,198) |
| Dec 31, 2010 | 2,757) | 7,910) | 3,824) | 10,373) |
| Dec 31, 2009 | 2,889) | 7,781) | 4,574) | 8,728) |
| Dec 31, 2008 | 2,781) | 6,641) | 2,612) | 7,725) |
| Dec 31, 2007 | 2,411) | 6,175) | 2,786) | 6,866) |
| Dec 31, 2006 | 4,727) | 8,997) | 2,831) | 7,376) |
| Dec 31, 2005 | 4,437) | 8,493) | 3,196) | 6,372) |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
An analysis of the balance sheet figures from 2005 to 2018 reveals a period of significant volatility in capital structure, characterized by a substantial increase in total liabilities and a late-period contraction in shareholders' equity.
- Liability Trends
- Total liabilities exhibited a fluctuating but generally upward trajectory, rising from 8,493 million US dollars in 2005 to a peak of 21,447 million US dollars in 2015. A notable anomaly occurred in 2007, where total liabilities dropped to 6,175 million US dollars before resuming a growth trend. Following the 2015 peak, total liabilities underwent a correction, stabilizing between 16,438 million and 17,552 million US dollars from 2016 through 2018.
- Debt Profile and Leverage
- The composition of liabilities shifted heavily toward borrowed capital in the later years. Short-term notes payable and long-term debt remained relatively stable between 2005 and 2008, ranging from 2,612 million to 3,196 million US dollars. However, a sharp escalation began in 2013, with debt reaching 7,816 million US dollars and peaking at 15,346 million US dollars in 2015. By 2015, debt represented approximately 71% of total liabilities, a significant increase compared to the 37% ratio observed in 2005, indicating a substantial increase in financial leverage.
- Equity Dynamics
- Company shareholders' equity demonstrated steady growth for the first several years of the period, increasing from 6,372 million US dollars in 2005 to a high of 15,765 million US dollars in 2012. This trend reversed sharply after 2014; equity fell from 16,267 million US dollars in 2014 to 9,409 million US dollars in 2016 and reached a low of 8,322 million US dollars in 2017. This represents a significant erosion of the equity base coinciding with the period of highest debt accumulation.
- Current Liability Management
- Current liabilities remained the most stable component of the balance sheet, generally fluctuating between 2,411 million and 5,883 million US dollars. While they peaked in 2014, current liabilities consistently constituted a smaller portion of the total liability burden compared to long-term debt, particularly during the 2013-2015 expansion phase.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Cash Flow Statement
Halliburton Co., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Cash flows provided by (used in) operating activities | Cash flows (used in) provided by investing activities | Cash flows provided by (used in) financing activities |
|---|---|---|---|
| Dec 31, 2018 | 3,157) | (1,993) | (1,419) |
| Dec 31, 2017 | 2,468) | (1,927) | (2,161) |
| Dec 31, 2016 | (1,703) | (710) | (3,540) |
| Dec 31, 2015 | 2,906) | (2,192) | 7,081) |
| Dec 31, 2014 | 4,062) | (3,138) | (1,030) |
| Dec 31, 2013 | 4,447) | (2,870) | (1,754) |
| Dec 31, 2012 | 3,654) | (3,688) | (172) |
| Dec 31, 2011 | 3,684) | (3,190) | 833) |
| Dec 31, 2010 | 2,212) | (1,755) | (1,114) |
| Dec 31, 2009 | 2,406) | (3,085) | 1,670) |
| Dec 31, 2008 | 2,674) | (1,856) | (1,523) |
| Dec 31, 2007 | 2,695) | (3,648) | (1,552) |
| Dec 31, 2006 | 3,657) | (426) | (1,280) |
| Dec 31, 2005 | 701) | 510) | (720) |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Cash flow dynamics from 2005 to 2018 exhibit a cycle of expansion, a significant operational contraction, and a subsequent recovery phase.
- Operating Cash Flow Trends
- Cash flows from operating activities showed a strong upward trajectory between 2005 and 2013, rising from 701 million to a peak of 4,447 million. This period of growth was interrupted by a sharp decline starting in 2015, culminating in a deficit of 1,703 million in 2016. A recovery followed in 2017 and 2018, with operating cash flows returning to positive territory and reaching 3,157 million by the end of the period.
- Investing Activity Patterns
- Following an initial inflow in 2005, investing activities remained consistently negative throughout the remainder of the period, indicating sustained capital expenditure and investment. Outflows peaked in 2007 and 2012, both exceeding 3.6 billion. A notable reduction in investing outflows occurred in 2016, dropping to 710 million, which suggests a strategic contraction in capital spending during the period of operational distress.
- Financing Activity Behavior
- Financing activities were primarily negative for most of the observed timeframe, reflecting the repayment of debt or distribution of capital. However, significant positive inflows were recorded in 2009 (1,670 million) and 2011 (833 million). The most substantial financing inflow occurred in 2015, totaling 7,081 million, which provided a critical liquidity buffer immediately preceding the operational deficit of 2016.
- Integrated Liquidity Analysis
- The interaction between the three cash flow categories reveals a critical inflection point between 2015 and 2016. The massive influx of financing cash in 2015 appears to have offset the deteriorating operating cash flows and enabled the organization to navigate the 2016 deficit. The subsequent return to positive operating cash flow by 2017, coupled with a return to negative financing flows, indicates a restoration of financial stability and a return to capital repatriation.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Per Share Data
Halliburton Co., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2018 | 1.89 | 1.89 | 0.72 |
| Dec 31, 2017 | -0.53 | -0.53 | 0.72 |
| Dec 31, 2016 | -6.69 | -6.69 | 0.72 |
| Dec 31, 2015 | -0.79 | -0.79 | 0.72 |
| Dec 31, 2014 | 4.13 | 4.11 | 0.63 |
| Dec 31, 2013 | 2.37 | 2.36 | 0.53 |
| Dec 31, 2012 | 2.85 | 2.84 | 0.36 |
| Dec 31, 2011 | 3.09 | 3.08 | 0.36 |
| Dec 31, 2010 | 2.02 | 2.01 | 0.36 |
| Dec 31, 2009 | 1.27 | 1.27 | 0.36 |
| Dec 31, 2008 | 1.75 | 1.70 | 0.36 |
| Dec 31, 2007 | 3.83 | 3.68 | 0.35 |
| Dec 31, 2006 | 2.31 | 2.23 | 0.30 |
| Dec 31, 2005 | 2.34 | 2.27 | 0.25 |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
The financial performance from 2005 to 2018 is characterized by significant volatility in earnings per share contrasted with a steady, incremental increase in dividend distributions.
- Earnings Per Share (EPS) Trends
- Basic and diluted earnings per share exhibited a cyclical pattern. An initial growth phase concluded in 2007, followed by a decline through 2009. A subsequent recovery period peaked in 2014 at 4.13 per share. This was followed by a sharp downturn into negative territory between 2015 and 2017, with a notable trough of -6.69 in 2016. A return to profitability was observed in 2018, with earnings recovering to 1.89 per share.
- Dividend Distribution Patterns
- Dividends per share demonstrated a consistent upward trajectory. Following a period of gradual growth from 2005 to 2007, payouts remained stagnant at 0.36 from 2008 to 2012. A second growth phase occurred between 2013 and 2015, where the dividend rose to 0.72 per share. This level was maintained through 2018, indicating a policy of dividend stability regardless of short-term earnings volatility.
- Earnings and Dividend Correlation
- A divergence between earnings and dividends is evident during the 2015 to 2017 period. Despite substantial losses per share, the dividend was maintained at 0.72, suggesting a commitment to shareholder returns that exceeded current period profitability. Additionally, the negligible variance between basic and diluted earnings per share indicates that dilution from convertible securities or options had a minimal impact on per-share values throughout the analyzed timeframe.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?