Halliburton 2009 Annual Report Download - page 69

Download and view the complete annual report

Please find page 69 of the 2009 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 122

  • 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
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122

50
HALLIBURTON COMPANY
Consolidated Balance Sheets
December 31
Millions of dollars and shares except per share data
2009
2008
Assets
Current assets:
Cash and equivalents
$ 2,082
$ 1,124
Receivables (less allowance for bad debts of $90 and $60)
2,964
3,795
Inventories
1,598
1,828
Investments in marketable securities
1,312
–
Current deferred income taxes
210
246
Other current assets
472
418
Total current assets
8,638
7,411
Property, plant, and equipment (net of accumulated depreciation of $5,230 and $4,566)
5,759
4,782
Goodwill
1,100
1,072
Other assets
1,041
1,120
Total assets
$ 16,538
$ 14,385
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable
$ 787
$ 898
Current maturities of long-term debt
750
26
Accrued employee compensation and benefits
514
643
Deferred revenue
215
231
Department of Justice (DOJ) and Securities and Exchange Commission (SEC) settlement
and indemnity, current
142
373
Other current liabilities
481
610
Total current liabilities
2,889
2,781
Long-term debt
3,824
2,586
Employee compensation and benefits
462
539
Other liabilities
606
735
Total liabilities
7,781
6,641
Shareholders’ equity:
Common shares, par value $2.50 per share – authorized 2,000 shares, issued 1,067
2,669
2,666
Paid-in capital in excess of par value
411
484
Accumulated other comprehensive loss
(213)
(215)
Retained earnings
10,863
10,041
Treasury stock, at cost – 165 and 172 shares
(5,002)
(5,251)
Company shareholders’ equity
8,728
7,725
Noncontrolling interest in consolidated subsidiaries
29
19
Total shareholders’ equity
8,757
7,744
Total liabilities and shareholders’ equity
$ 16,538
$ 14,385
See notes to consolidated financial statements.