Halliburton 2011 Annual Report Download - page 88
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73
HALLIBURTON COMPANY
Consolidated Balance Sheets
December 31
Millions of dollars and shares except per share data 2011 2010
Assets
Current assets:
Cash and equivalents $ 2,698 $ 1,398
Receivables (less allowance for bad debts of $137 and $91) 5,084 3,924
Inventories 2,570 1,940
Investments in marketable securities 150 653
Current deferred income taxes 321 257
Other current assets 754 714
Total current assets 11,577 8,886
Property, plant, and equipment (net of accumulated depreciation of $7,096 and $6,064) 8,492 6,842
Goodwill 1,776 1,315
Other assets 1,832 1,254
Total assets $ 23,677 $ 18,297
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $ 1,826 $ 1,139
Accrued employee compensation and benefits 862 716
Deferred revenue 309 266
Other current liabilities 1,124 636
Total current liabilities 4,121 2,757
Long-term debt 4,820 3,824
Employee compensation and benefits 534 487
Other liabilities 986 842
Total liabilities 10,461 7,910
Shareholders’ equity:
Common shares, par value $2.50 per share – authorized 2,000 shares, issued
1,073 shares and 1,069 shares 2,683 2,674
Paid-in capital in excess of par value 455 339
Accumulated other comprehensive loss (273) (240)
Retained earnings 14,880 12,371
Treasury stock, at cost – 152 and 159 shares (4,547) (4,771)
Company shareholders’ equity 13,198 10,373
Noncontrolling interest in consolidated subsidiaries 18 14
Total shareholders’ equity 13,216 10,387
Total liabilities and shareholders’ equity $ 23,677 $ 18,297
See notes to consolidated financial statements.