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42
HALLIBURTON COMPANY
Consolidated Statements of Operations
Year Ended December 31
Millions of dollars and shares except per share data
2013
2012
2011
Revenue:
Services
$
22,257
$
22,196
$
19,692
Product sales
7,145
6,307
5,137
Total revenue
29,402
28,503
24,829
Operating costs and expenses:
Cost of services
18,959
18,447
15,432
Cost of sales
5,972
5,322
4,379
Loss contingency for Macondo well incident
1,000
300
—
General and administrative
333
275
281
Total operating costs and expenses
26,264
24,344
20,092
Operating income
3,138
4,159
4,737
Interest expense, net of interest income of $8, $7, and $5
(331
)
(298
)
(263
)
Other, net
(43
)
(39
)
(25
)
Income from continuing operations before income taxes
2,764
3,822
4,449
Provision for income taxes
(648
)
(1,235
)
(1,439
)
Income from continuing operations
2,116
2,587
3,010
Income (loss) from discontinued operations, net of income tax benefit (provision)
of $1, $82, and $(18)
19
58
(166
)
Net income
$
2,135
$
2,645
$
2,844
Noncontrolling interest in net income of subsidiaries
(10
)
(10
)
(5
)
Net income attributable to company
$
2,125
$
2,635
$
2,839
Amounts attributable to company shareholders:
Income from continuing operations
$
2,106
$
2,577
$
3,005
Income (loss) from discontinued operations, net
19
58
(166
)
Net income attributable to company
$
2,125
$
2,635
$
2,839
Basic income per share attributable to company shareholders:
Income from continuing operations
$
2.35
$
2.78
$
3.27
Income (loss) from discontinued operations, net
0.02
0.07
(0.18
)
Net income per share
$
2.37
$
2.85
$
3.09
Diluted income per share attributable to company shareholders:
Income from continuing operations
$
2.33
$
2.78
$
3.26
Income (loss) from discontinued operations, net
0.03
0.06
(0.18
)
Net income per share
$
2.36
$
2.84
$
3.08
Basic weighted average common shares outstanding
898
926
918
Diluted weighted average common shares outstanding
902
928
922
See notes to consolidated financial statements.