Halliburton 2015 Annual Report Download - page 65

Download and view the complete annual report

Please find page 65 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

48
HALLIBURTON COMPANY
Consolidated Statements of Cash Flows
Year Ended December 31
Millions of dollars 2015 2014 2013
Cash flows from operating activities:
Net income (loss) $ (667) $ 3,501 $ 2,135
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Impairments and other charges 2,177 129
—
Cash impact of impairments and other charges - severance payments (304)(28)
—
Depreciation, depletion, and amortization 1,835 2,126 1,900
Activity related to the Macondo well incident (333) (569) 1,000
Deferred income tax benefit, continuing operations (224) (454) (132)
Other changes:
Receivables 1,468 (1,381) (449)
Accounts payable (603) 489 327
Inventories 153 (271) (107)
Other (596) 520 (227)
Total cash flows from operating activities 2,906 4,062 4,447
Cash flows from investing activities:
Capital expenditures (2,184) (3,283) (2,934)
Sales of property, plant, and equipment 168 338 241
Purchases of investment securities (109) (183) (329)
Sales of investment securities 106 444 356
Payments to acquire businesses, net of cash acquired (39) (231) (94)
Other investing activities (134) (223) (110)
Total cash flows from investing activities (2,192) (3,138) (2,870)
Cash flows from financing activities:
Proceeds from issuance of long-term debt, net 7,440
—
2,968
Dividends to shareholders (614) (533) (465)
Proceeds from exercises of stock options 167 332 277
Payments to reacquire common stock
—
(800) (4,356)
Other financing activities 88 (29) (178)
Total cash flows from financing activities 7,081 (1,030) (1,754)
Effect of exchange rate changes on cash (9) 41 49
Increase (decrease) in cash and equivalents 7,786 (65) (128)
Cash and equivalents at beginning of year 2,291 2,356 2,484
Cash and equivalents at end of year $ 10,077 $ 2,291 $ 2,356
Supplemental disclosure of cash flow information:
Cash payments during the period for:
Interest $ 380 $ 384 $ 293
Income taxes $ 370 $ 1,269 $ 913
See notes to consolidated financial statements.