Halliburton (HAL) FY2022 results: revenue $20.3 billion, up 32.7% on the year
Halliburton Co. (HAL) reported revenue of $20.3 billion for fiscal 2022, the year ended 31 December 2022, up 32.7% on the year before. Net income was $1.6 billion, up 7.9%, and diluted earnings per share $1.73. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2023.
Revenue
$20.3 billion
+32.7% on the year
FY2015FY2022
Operating margin
13.3%
11.8% a year earlier
FY2015FY2022
Net income
$1.6 billion
+7.9% on the year
FY2015FY2022
Diluted EPS
$1.73
+6.1% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,242
1,911
1,881
+17.3%
Capital expenditure
1,011
799
728
+26.5%
Free cash flow
1,231
1,112
1,153
+10.7%
Free cash flow margin
6.1%
7.3%
8.0%
Cash from investing
-967
-534
-486
Cash from financing
-1,798
-838
-1,007
Depreciation and amortisation
940
904
1,058
+4.0%
Buybacks
250
0.0
100
Dividends paid
435
161
278
+170.2%
Dividend per share
$0.48
$0.18
$0.32
+166.7%
Diluted shares, weighted
908m
892m
881m
+1.8%
Shares outstanding at period end
902m
896m
885m
+0.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,948
6,713
4,974
+18.4%
Non-controlling interest
29.0
15.0
9.0
+93.3%
Debt
7,928
9,134
9,827
-13.2%
Operating lease liabilities
791
845
758
-6.4%
Other liabilities
6,559
5,614
5,112
+16.8%
Total liabilities and equity
23,255
22,321
20,680
+4.2%
Fixed assets
4,348
4,326
4,325
+0.5%
Goodwill
2,829
2,843
2,804
-0.5%
Cash and equivalents
2,346
3,044
2,563
-22.9%
Receivables
4,627
3,666
3,071
+26.2%
Inventory
2,923
2,361
2,349
+23.8%
Other assets
6,182
6,081
5,568
+1.7%
Total assets
23,255
22,321
20,680
+4.2%
10-K for the year ended 31 December 2022, filed 7 February 2023: the filing.