Halliburton (HAL) FY2017 results: revenue $20.6 billion, up 29.8% on the year
Halliburton Co. (HAL) reported revenue of $20.6 billion for fiscal 2017, the year ended 31 December 2017, up 29.8% on the year before. Net income was -$463 million, and diluted earnings per share $-0.53. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2018.
Revenue
$20.6 billion
+29.8% on the year
FY2010FY2017
Operating margin
6.7%
-42.7% a year earlier
FY2010FY2017
Net income
-$463 million
FY2010FY2017
Diluted EPS
-$0.53
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
20,620
15,887
23,633
+29.8%
Cost of revenue
18,355
15,023
21,113
+22.2%
Gross profit
2,265
864
2,520
+162.2%
Gross margin
11.0%
5.4%
10.7%
Research and development
360
329
487
+9.4%
Operating income
1,374
-6,778
-165
Operating margin
6.7%
-42.7%
-0.7%
Interest expense
593
639
n/a
-7.2%
Pre-tax income
682
-7,625
-936
Income tax
1,131
-1,858
-274
Effective tax rate
165.8%
n/a
n/a
Net income
-463
-5,763
-671
Net margin
-2.2%
-36.3%
-2.8%
Diluted EPS
-$0.53
-$6.69
-$0.79
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,468
-1,703
2,906
Capital expenditure
1,373
798
2,184
+72.1%
Free cash flow
1,095
-2,501
722
Free cash flow margin
5.3%
-15.7%
3.1%
Cash from investing
-1,927
-710
-2,192
Cash from financing
-2,161
-3,540
7,081
Depreciation and amortisation
1,556
1,503
1,835
+3.5%
Buybacks
0.0
0.0
0.0
Dividends paid
626
620
614
+1.0%
Dividend per share
$0.72
$0.72
$0.72
0.0%
Diluted shares, weighted
870m
861m
853m
+1.0%
Shares outstanding at period end
873m
866m
856m
+0.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
8,322
9,409
15,462
-11.6%
Non-controlling interest
27.0
39.0
33.0
-30.8%
Debt
10,942
12,384
15,346
-11.6%
Other liabilities
5,794
5,168
6,101
+12.1%
Total liabilities and equity
25,085
27,000
36,942
-7.1%
Fixed assets
8,521
8,532
12,117
-0.1%
Goodwill
2,693
2,414
2,385
+11.6%
Cash and equivalents
2,337
4,009
10,077
-41.7%
Receivables
5,036
3,922
5,317
+28.4%
Inventory
2,396
2,275
2,993
+5.3%
Other assets
4,102
5,848
4,053
-29.9%
Total assets
25,085
27,000
36,942
-7.1%
10-K for the year ended 31 December 2017, filed 9 February 2018: the filing.