Halliburton 2015 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2015 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 108

  • 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

45
HALLIBURTON COMPANY
Consolidated Statements of Operations
Year Ended December 31
Millions of dollars and shares except per share data 2015 2014 2013
Revenue:
Services $ 17,482 $ 25,039 $ 22,257
Product sales 6,151 7,831 7,145
Total revenue 23,633 32,870 29,402
Operating costs and expenses:
Cost of services 15,900 20,959 18,959
Cost of sales 5,213 6,571 5,972
Impairment and other charges 2,177 129
—
Baker Hughes acquisition-related costs 308 17
—
General and administrative 200 292 333
Activity related to the Macondo well incident
—
(195) 1,000
Total operating costs and expenses 23,798 27,773 26,264
Operating income (loss) (165) 5,097 3,138
Interest expense, net of interest income of $16, $13, and $8 (447) (383) (331)
Other, net (324) (2) (43)
Income (loss) from continuing operations before income taxes (936) 4,712 2,764
Income tax benefit (provision) 274 (1,275) (648)
Income (loss) from continuing operations (662) 3,437 2,116
Income (loss) from discontinued operations, net of income tax benefit (provision)
of $3, $(9), and $1 (5) 64 19
Net income (loss) $ (667) $ 3,501 $ 2,135
Net (income) attributable to noncontrolling interest (4) (1) (10)
Net income (loss) attributable to company $ (671) $ 3,500 $ 2,125
Amounts attributable to company shareholders:
Income (loss) from continuing operations $ (666) $ 3,436 $ 2,106
Income (loss) from discontinued operations, net (5) 64 19
Net income (loss) attributable to company $ (671) $ 3,500 $ 2,125
Basic income per share attributable to company shareholders:
Income (loss) from continuing operations $ (0.78) $ 4.05 $ 2.35
Income (loss) from discontinued operations, net (0.01) 0.08 0.02
Net income (loss) per share $ (0.79) $ 4.13 $ 2.37
Diluted income per share attributable to company shareholders:
Income (loss) from continuing operations $ (0.78) $ 4.03 $ 2.33
Income (loss)from discontinued operations, net (0.01) 0.08 0.03
Net income (loss) per share $ (0.79) $ 4.11 $ 2.36
Basic weighted average common shares outstanding 853 848 898
Diluted weighted average common shares outstanding 853 852 902
See notes to consolidated financial statements.