Halliburton 2013 Annual Report Download - page 60

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44
HALLIBURTON COMPANY
Consolidated Balance Sheets
December 31
Millions of dollars and shares except per share data
2013
2012
Assets
Current assets:
Cash and equivalents
$
2,356
$
2,484
Receivables (less allowance for bad debts of $117 and $92)
6,181
5,787
Inventories
3,305
3,186
Prepaid expenses
737
608
Current deferred income taxes
388
351
Other current assets
737
670
Total current assets
13,704
13,086
Property, plant, and equipment, net of accumulated depreciation of $9,480 and $8,056
11,322
10,257
Goodwill
2,168
2,135
Other assets
2,029
1,932
Total assets
$
29,223
$
27,410
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable
$
2,365
$
2,041
Accrued employee compensation and benefits
1,029
930
Deferred revenue
350
307
Loss contingency for Macondo well incident
278
—
Other current liabilities
1,004
1,474
Total current liabilities
5,026
4,752
Long-term debt
7,816
4,820
Loss contingency for Macondo well incident
1,022
300
Employee compensation and benefits
584
607
Other liabilities
1,160
1,141
Total liabilities
15,608
11,620
Shareholders’ equity:
Common shares, par value $2.50 per share (authorized 2,000 shares,
issued 1,072 and 1,073 shares)
2,680
2,682
Paid-in capital in excess of par value
415
486
Accumulated other comprehensive loss
(307
)
(309
)
Retained earnings
18,842
17,182
Treasury stock, at cost (223 and 144 shares)
(8,049
)
(4,276
)
Company shareholders’ equity
13,581
15,765
Noncontrolling interest in consolidated subsidiaries
34
25
Total shareholders’ equity
13,615
15,790
Total liabilities and shareholders’ equity
$
29,223
$
27,410
See notes to consolidated financial statements.