Halliburton (HAL) FY2016 results: revenue $15.9 billion, down 32.8% on the year
Halliburton Co. (HAL) reported revenue of $15.9 billion for fiscal 2016, the year ended 31 December 2016, down 32.8% on the year before. Net income was -$5.8 billion, and diluted earnings per share $-6.69. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2017.
Revenue
$15.9 billion
-32.8% on the year
FY2009FY2016
Operating margin
-42.7%
-0.7% a year earlier
FY2009FY2016
Net income
-$5.8 billion
FY2009FY2016
Diluted EPS
-$6.69
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
15,887
23,633
32,870
-32.8%
Cost of revenue
15,023
21,113
27,334
-28.8%
Gross profit
864
2,520
5,536
-65.7%
Gross margin
5.4%
10.7%
16.8%
Research and development
329
487
601
-32.4%
Operating income
-6,778
-165
5,097
Operating margin
-42.7%
-0.7%
15.5%
Interest expense
639
n/a
n/a
Pre-tax income
-7,625
-936
4,712
Income tax
-1,858
-274
1,275
Effective tax rate
n/a
n/a
27.1%
Net income
-5,763
-671
3,500
Net margin
-36.3%
-2.8%
10.6%
Diluted EPS
-$6.69
-$0.79
$4.11
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
-1,703
2,906
4,062
Capital expenditure
798
2,184
3,283
-63.5%
Free cash flow
-2,501
722
779
Free cash flow margin
-15.7%
3.1%
2.4%
Cash from investing
-710
-2,192
-3,138
Cash from financing
-3,540
7,081
-1,030
Depreciation and amortisation
1,503
1,835
2,126
-18.1%
Share-based compensation
n/a
n/a
298
Buybacks
0.0
0.0
800
Dividends paid
620
614
533
+1.0%
Dividend per share
$0.72
$0.72
$0.53
0.0%
Diluted shares, weighted
861m
853m
852m
+0.9%
Shares outstanding at period end
866m
856m
848m
+1.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
9,409
15,462
16,267
-39.1%
Non-controlling interest
39.0
33.0
31.0
+18.2%
Debt
12,384
15,346
7,779
-19.3%
Other liabilities
5,168
6,101
8,088
-15.3%
Total liabilities and equity
27,000
36,942
32,165
-26.9%
Fixed assets
8,532
12,117
12,475
-29.6%
Goodwill
2,414
2,385
2,330
+1.2%
Cash and equivalents
4,009
10,077
2,291
-60.2%
Receivables
3,922
5,317
7,564
-26.2%
Inventory
2,275
2,993
3,571
-24.0%
Other assets
5,848
4,053
3,934
+44.3%
Total assets
27,000
36,942
32,165
-26.9%
10-K for the year ended 31 December 2016, filed 7 February 2017: the filing.