Halliburton (HAL) FY2021 results: revenue $15.3 billion, up 5.9% on the year
Halliburton Co. (HAL) reported revenue of $15.3 billion for fiscal 2021, the year ended 31 December 2021, up 5.9% on the year before. Net income was $1.5 billion, and diluted earnings per share $1.63. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2022.
Revenue
$15.3 billion
+5.9% on the year
FY2014FY2021
Operating margin
11.8%
-16.9% a year earlier
FY2014FY2021
Net income
$1.5 billion
FY2014FY2021
Diluted EPS
$1.63
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,911
1,881
2,445
+1.6%
Capital expenditure
799
728
1,530
+9.8%
Free cash flow
1,112
1,153
915
-3.6%
Free cash flow margin
7.3%
8.0%
4.1%
Cash from investing
-534
-486
-1,445
Cash from financing
-838
-1,007
-695
Depreciation and amortisation
904
1,058
1,625
-14.6%
Buybacks
0.0
100
100
Dividends paid
161
278
630
-42.1%
Dividend per share
$0.18
$0.32
$0.72
-42.9%
Diluted shares, weighted
892m
881m
875m
+1.2%
Shares outstanding at period end
896m
885m
878m
+1.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,713
4,974
8,012
+35.0%
Non-controlling interest
15.0
9.0
13.0
+66.7%
Debt
9,134
9,827
10,327
-7.1%
Operating lease liabilities
845
758
825
+11.5%
Other liabilities
5,614
5,112
6,200
+9.8%
Total liabilities and equity
22,321
20,680
25,377
+7.9%
Fixed assets
4,326
4,325
7,310
+0.0%
Goodwill
2,843
2,804
2,812
+1.4%
Cash and equivalents
3,044
2,563
2,268
+18.8%
Receivables
3,666
3,071
4,577
+19.4%
Inventory
2,361
2,349
3,139
+0.5%
Other assets
6,081
5,568
5,271
+9.2%
Total assets
22,321
20,680
25,377
+7.9%
10-K for the year ended 31 December 2021, filed 4 February 2022: the filing.