Halliburton 2011 Annual Report Download - page 87

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72
HALLIBURTON COMPANY
Consolidated Statements of Operations
Year Ended December 31
Millions of dollars and shares except per share data
2011 2010 2009
Revenue:
Services
$ 19,692
$ 13,779 $ 10,832
Product sales
5,137
4,194 3,843
Total revenue
24,829
17,973 14,675
Operating costs and expenses:
Cost of services
15,432
11,227 9,219
Cost of sales
4,379
3,508 3,255
General and administrative
281
229 207
Total operating costs and expenses
20,092
14,964 12,681
Operating income
4,737
3,009 1,994
Interest expense,
net of interest income of $5, $11, and $12 (263)
(297)
(285)
Other, net
(25)
(57)
(27)
Income from continuing operations before income taxes
4,449
2,655 1,682
Provision for income taxes
(1,439)
(853)
(518)
Income from continuing
operations 3,010
1,802 1,164
Income (loss) from
discontinued operations, net of
income tax (provision) benefit of $(18), $75, and $5 (166)
40 (9)
Net income
$ 2,844
$ 1,842 $ 1,155
Noncontrolling interest in net income of subsidiari
es (5) (7)
(10)
Net income attributable to company
$ 2,839
$ 1,835 $ 1,145
Amounts attributable to company shareholders:
Income from continuing operations
$ 3,005
$ 1,795 $ 1,154
Income (loss) from discontinued operations, net
(166)
40 (9)
Net income attributable to company
$ 2,839
$ 1,835 $ 1,145
Basic income per share attributable to company shareholders:
Income from continuing operations
$ 3.27
$ 1.98
$ 1.28
Income (loss) from discontinued operations, net
(0.18)
0.04
(0.01)
Net income per share
$ 3.09
$ 2.02
$ 1.27
Diluted income per share attributable to company shareholders:
Income from continuing operations
$ 3.26
$ 1.97
$ 1.28
Income (loss) from discontinued operations, net
(0.18)
0.04
(0.01)
Net income per share
$ 3.08
$ 2.01
$ 1.27
Basic weighted average common shares outstanding
918 908 900
Diluted weighted average common shares outstanding
922 911 902
See notes to consolidated financial statements.