Halliburton (HAL) FY2023 results: revenue $23.0 billion, up 13.4% on the year
Halliburton Co. (HAL) reported revenue of $23.0 billion for fiscal 2023, the year ended 31 December 2023, up 13.4% on the year before. Net income was $2.6 billion, up 67.8%, and diluted earnings per share $2.92. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2024.
Revenue
$23.0 billion
+13.4% on the year
FY2016FY2023
Operating margin
17.7%
13.3% a year earlier
FY2016FY2023
Net income
$2.6 billion
+67.8% on the year
FY2016FY2023
Diluted EPS
$2.92
+68.8% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,458
2,242
1,911
+54.2%
Capital expenditure
1,379
1,011
799
+36.4%
Free cash flow
2,079
1,231
1,112
+68.9%
Free cash flow margin
9.0%
6.1%
7.3%
Cash from investing
-1,659
-967
-534
Cash from financing
-1,671
-1,798
-838
Depreciation and amortisation
998
940
904
+6.2%
Buybacks
800
250
0.0
+220.0%
Dividends paid
576
435
161
+32.4%
Dividend per share
$0.64
$0.48
$0.18
+33.3%
Diluted shares, weighted
902m
908m
892m
-0.7%
Shares outstanding at period end
889m
902m
896m
-1.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
9,391
7,948
6,713
+18.2%
Non-controlling interest
42.0
29.0
15.0
+44.8%
Debt
7,636
7,928
9,134
-3.7%
Operating lease liabilities
911
791
845
+15.2%
Other liabilities
6,703
6,559
5,614
+2.2%
Total liabilities and equity
24,683
23,255
22,321
+6.1%
Fixed assets
4,900
4,348
4,326
+12.7%
Goodwill
2,850
2,829
2,843
+0.7%
Cash and equivalents
2,264
2,346
3,044
-3.5%
Receivables
4,860
4,627
3,666
+5.0%
Inventory
3,226
2,923
2,361
+10.4%
Other assets
6,583
6,182
6,081
+6.5%
Total assets
24,683
23,255
22,321
+6.1%
10-K for the year ended 31 December 2023, filed 6 February 2024: the filing.