Halliburton 2013 Annual Report Download - page 67

Download and view the complete annual report

Please find page 67 of the 2013 Halliburton annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 102

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102

51
Intersegment revenue and revenue between geographic areas are immaterial. Our equity in earnings and losses of
unconsolidated affiliates that are accounted for under the equity method of accounting is included in revenue and operating
income of the applicable segment.
The following tables present information on our business segments.
Operations by business segment
Year Ended December 31
Millions of dollars
2013
2012
2011
Revenue:
Completion and Production
$
17,506
$
17,380
$
15,143
Drilling and Evaluation
11,896
11,123
9,686
Total revenue
$
29,402
$
28,503
$
24,829
Operating income:
Completion and Production
$
2,875
$
3,144
$
3,733
Drilling and Evaluation
1,770
1,675
1,403
Total operations
4,645
4,819
5,136
Corporate and other
(1,507
)
(660
)
(399
)
Total operating income
$
3,138
$
4,159
$
4,737
Interest expense, net of interest income
$
(331
)
$
(298
)
$
(263
)
Other, net
(43
)
(39
)
(25
)
Income from continuing operations before income taxes
$
2,764
$
3,822
$
4,449
Capital expenditures:
Completion and Production
$
1,676
$
2,177
$
1,669
Drilling and Evaluation
1,210
1,318
1,231
Corporate and other
48
71
53
Total
$
2,934
$
3,566
$
2,953
Depreciation, depletion, and amortization:
Completion and Production
$
1,013
$
843
$
680
Drilling and Evaluation
873
783
676
Corporate and other
14
2
3
Total
$
1,900
$
1,628
$
1,359
December 31
Millions of dollars
2013
2012
Total assets:
Completion and Production
$
14,203
$
13,313
Drilling and Evaluation
10,010
9,290
Shared assets
1,351
1,376
Corporate and other
3,659
3,431
Total
$
29,223
$
27,410
Not all assets are associated with specific segments. Those assets specific to segments include receivables, inventories,
certain identified property, plant, and equipment (including field service equipment), equity in and advances to related
companies, and goodwill. The remaining assets, such as cash and equivalents, are considered to be shared among the segments.