Halliburton (HAL) FY2015 results: revenue $23.6 billion, down 28.1% on the year
Halliburton Co. (HAL) reported revenue of $23.6 billion for fiscal 2015, the year ended 31 December 2015, down 28.1% on the year before. Net income was -$671 million, and diluted earnings per share $-0.79. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2016.
Revenue
$23.6 billion
-28.1% on the year
FY2008FY2015
Operating margin
-0.7%
15.5% a year earlier
FY2008FY2015
Net income
-$671 million
FY2008FY2015
Diluted EPS
-$0.79
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
23,633
32,870
29,402
-28.1%
Cost of revenue
21,113
27,334
24,931
-22.8%
Gross profit
2,520
5,536
4,471
-54.5%
Gross margin
10.7%
16.8%
15.2%
Research and development
487
601
588
-19.0%
Operating income
-165
5,097
3,138
Operating margin
-0.7%
15.5%
10.7%
Pre-tax income
-936
4,712
2,764
Income tax
-274
1,275
648
Effective tax rate
n/a
27.1%
23.4%
Net income
-671
3,500
2,125
Net margin
-2.8%
10.6%
7.2%
Diluted EPS
-$0.79
$4.11
$2.36
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
2,906
4,062
4,447
-28.5%
Capital expenditure
2,184
3,283
2,934
-33.5%
Free cash flow
722
779
1,513
-7.3%
Free cash flow margin
3.1%
2.4%
5.1%
Cash from investing
-2,192
-3,138
-2,870
Cash from financing
7,081
-1,030
-1,754
Depreciation and amortisation
1,835
2,126
1,900
-13.7%
Share-based compensation
n/a
298
264
Buybacks
0.0
800
4,356
Dividends paid
614
533
465
+15.2%
Dividend per share
$0.72
$0.53
$0.53
+37.1%
Diluted shares, weighted
853m
852m
902m
+0.1%
Shares outstanding at period end
856m
848m
849m
+0.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
15,462
16,267
13,581
-4.9%
Non-controlling interest
33.0
31.0
34.0
+6.5%
Debt
15,346
7,779
7,816
+97.3%
Other liabilities
6,101
8,088
7,792
-24.6%
Total liabilities and equity
36,942
32,165
29,223
+14.9%
Fixed assets
12,117
12,475
11,322
-2.9%
Goodwill
2,385
2,330
2,168
+2.4%
Cash and equivalents
10,077
2,291
2,356
+339.9%
Receivables
5,317
7,564
6,181
-29.7%
Inventory
2,993
3,571
3,305
-16.2%
Other assets
4,053
3,934
3,891
+3.0%
Total assets
36,942
32,165
29,223
+14.9%
10-K for the year ended 31 December 2015, filed 5 February 2016: the filing.