10-Q Filing

HALLIBURTON CO CIK: 45012 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0000045012-19-000084`
Period End Date	20190331
Filing Date	20190426
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	hal03312019-10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 32 Cash Flow Statement 44 Comprehensive Income 10

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.34B	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.01B	USD	Point-in-time
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$746.00M	USD	Point-in-time
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$738.00M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$13.18B	USD	Point-in-time
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.38B	USD	Point-in-time
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.33B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$13.31B	USD	Point-in-time
Receivables net of allowances for bad debts	`ReceivablesNetCurrent`	$5.62B	USD	Point-in-time
Receivables net of allowances for bad debts	`ReceivablesNetCurrent`	$5.23B	USD	Point-in-time
Inventories	`InventoryNet`	$3.03B	USD	Point-in-time
Inventories	`InventoryNet`	$3.26B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$2.50	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$922.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$881.00M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$2.50	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$11.15B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.19B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.07B	shares	Point-in-time
Property, plant, and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$8.87B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.07B	shares	Point-in-time
Property, plant, and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$8.85B	USD	Point-in-time
Treasury shares (in shares)	`TreasuryStockShares`	198.00M	shares	Point-in-time
Goodwill	`Goodwill`	$2.83B	USD	Point-in-time
Goodwill	`Goodwill`	$2.82B	USD	Point-in-time
Treasury shares (in shares)	`TreasuryStockShares`	196.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.38B	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.35B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.02B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.76B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.75B	USD	Point-in-time
Total assets	`Assets`	$26.99B	USD	Point-in-time
Total assets	`Assets`	$25.98B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.08B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.02B	USD	Point-in-time
Accrued employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$714.00M	USD	Point-in-time
Accrued employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$683.00M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$255.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.03B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.07B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.05B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.80B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$10.31B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$10.31B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$758.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Employee compensation and benefits	`DeferredCompensationLiabilityClassifiedNoncurrent`	$483.00M	USD	Point-in-time
Employee compensation and benefits	`DeferredCompensationLiabilityClassifiedNoncurrent`	$454.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$841.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$798.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.44B	USD	Point-in-time
Total liabilities	`Liabilities`	$17.36B	USD	Point-in-time
Common shares, par value $2.50 per share	`CommonStockValue`	$2.67B	USD	Point-in-time
Common shares, par value $2.50 per share	`CommonStockValue`	$2.67B	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$224.00M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$211.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-354.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-355.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.74B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.73B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$6.74B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$6.67B	USD	Point-in-time
Company shareholders' equity	`StockholdersEquity`	$9.52B	USD	Point-in-time
Company shareholders' equity	`StockholdersEquity`	$9.61B	USD	Point-in-time
Noncontrolling interest in consolidated subsidiaries	`MinorityInterest`	$22.00M	USD	Point-in-time
Noncontrolling interest in consolidated subsidiaries	`MinorityInterest`	$20.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.54B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.62B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.35B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.39B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$25.98B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$26.99B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InvestmentIncomeInterest`	$10.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$8.00M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$5.74B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$5.74B	USD	1 Quarter
Impairments and other charges	`RestructuringSettlementAndImpairmentProvisions`	$61.00M	USD	1 Quarter
Impairments and other charges	`RestructuringSettlementAndImpairmentProvisions`	$265.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$58.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$59.00M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$5.37B	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$5.39B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$354.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$365.00M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNonoperatingNet`	$-143.00M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNonoperatingNet`	$-140.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-30.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-25.00M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$189.00M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$192.00M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$40.00M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$142.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$152.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$47.00M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Net income (loss) attributable to company	`NetIncomeLoss`	$46.00M	USD	1 Quarter
Net income (loss) attributable to company	`NetIncomeLoss`	$152.00M	USD	1 Quarter
Basic and diluted net income per share	`EarningsPerShareBasicAndDiluted`	$0.05	USD	1 Quarter
Basic and diluted net income per share	`EarningsPerShareBasicAndDiluted`	$0.17	USD	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	873.00M	shares	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	875.00M	shares	1 Quarter
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	878.00M	shares	1 Quarter
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	873.00M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$152.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$47.00M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$416.00M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$394.00M	USD	1 Quarter
Impairments and other charges	`RestructuringCharges`	$265.00M	USD	1 Quarter
Impairments and other charges	`RestructuringCharges`	$61.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$245.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$339.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$236.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$119.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$276.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$60.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$46.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$158.00M	USD	1 Quarter
Total cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-44.00M	USD	1 Quarter
Total cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$572.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$437.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$501.00M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$47.00M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$43.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-80.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$17.00M	USD	1 Quarter
Total cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-374.00M	USD	1 Quarter
Total cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-411.00M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$158.00M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$157.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-21.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.00M	USD	1 Quarter
Total cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-155.00M	USD	1 Quarter
Total cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-179.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-24.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-18.00M	USD	1 Quarter
Decrease in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-628.00M	USD	1 Quarter
Decrease in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.00M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.34B	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.01B	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.34B	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.01B	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.38B	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.33B	USD	Point-in-time
Interest	`InterestPaidNet`	$128.00M	USD	1 Quarter
Interest	`InterestPaidNet`	$144.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$81.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$85.00M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$152.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$47.00M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-2.00M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$1.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$153.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$45.00M	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income (loss) attributable to company shareholders	`ComprehensiveIncomeNetOfTax`	$153.00M	USD	1 Quarter
Comprehensive income (loss) attributable to company shareholders	`ComprehensiveIncomeNetOfTax`	$44.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.