Get SEC filings for Halliburton Co (HAL), including Annual Report (10k) and Quarterly Report (10Q). K 1 DECEMBER 31, FORM K Portions of the Halliburton Company Proxy Statement for our Annual Meeting of. Portions of the Halliburton Company Proxy Statement for our .. Our annual reports on Form K, quarterly reports on Form Q, current.
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As halliburotn result, we are subject to significant risks, including: There were no repurchases made under the program during the year ended December 31, For purposes of performing the goodwill impairment test our reporting units are the same as our reportable segments, the Completion and Production division and the Drilling and Evaluation division.
As with any joint venture arrangement, differences in views among the joint venture participants may result in delayed decisions or in failures to agree on major issues. See notes to consolidated financial statements.
Indicate by check mark whether the registrant 1 has filed all reports required nalliburton be filed by Section 13 or 15 d of the Securities Exchange Act of during the halliburtoon 12 months or for such shorter period that the registrant was required to file such reportsand 2 has been subject to such filing requirements for the past 90 days. Changes in assets and liabilities: We may incur additional debt or use cash on hand to finance the ha,liburton of the cash portion of the merger consideration.
The adjustment removes the effect of these items.
Other than those assets that have been written down to their fair values due to impairment, property, plant and equipment are reported at cost less accumulated depreciation, which is generally provided on the straight-line method over the estimated useful lives of the assets.
We and Baker Hughes expect that the acquisition will result in the creation of goodwill based upon the application of the acquisition method of accounting. Weather and natural phenomena can temporarily affect the performance of our services, but the widespread geographical locations of our operations mitigate those effects.
We rely on a variety of intellectual property rights that we use in our services and products. Some experts believe global climate change could increase the frequency and severity of extreme weather conditions.
Moreover, many countries, including the United States, control the export and re-export of certain goods, services and technology and impose related export recordkeeping and reporting obligations.
Halliburton Co (HAL) 10K Annual Reports & 10Q SEC Filings | Last10K
New York Stock Exchange. The preparation of financial statements requires the use of judgments and estimates. We test goodwill for impairment annually, during the third quarter, or if an event occurs or circumstances change that would more likely than not reduce the fair value of a nalliburton unit below its carrying amount.
Global oil demand declined during the fourth quarter of as a result of mild halligurton in the early part of the winter in Japan, Europe and the United States, alongside weak economic sentiment in China, Brazil, Russia and other commodity-dependent economies.
These results were impacted by decreased pressure pumping activity in Australia and reduced drilling activity across the region. I am pleased with the way our team executed on our value proposition, maintained strong service quality, and generated superior results and industry leading returns.
We also could be subject halliburtonn third-party claims, including punitive damages, with respect to environmental matters for which we have been named as a potentially responsible party.
Halliburton Company –
We can provide no assurance that the various closing conditions will be satisfied and that the necessary Regulatory Clearances and other approvals will be obtained, or that any required conditions will not materially adversely affect the combined company following the acquisition.
Our import activities are governed by the unique customs laws and regulations in each of the countries where we operate. Log in here Username. Weather and natural phenomena can temporarily affect the performance of our services, but the widespread geographical locations of our operations mitigate those effects.
Loss from discontinued operations, net. Membership Level change You have selected the Paid Monthly membership level. Our objectives are to: Consolidated Balance Sheets at December 31, and These earn-out provisions are estimated and recognized at fair value at the acquisition date based on projected earnings or other financial metrics over specified periods after the acquisition date. Some of our customers, primarily NOCs, may require bids for contracts hslliburton the form of long-term, fixed pricing contracts that may require us to provide integrated project management services outside our normal discrete business to act as project managers as well as service providers, and may require us to assume additional risks associated with cost over-runs.
The following locations represent our major facilities by segment: Cash flows from operating activities: Depreciation, depletion and amortization. Over the last five years, hhalliburton estimates of allowances for bad debts, as a percentage of notes and accounts receivable before the allowance, have ranged from 1.
In addition, other factors may affect the accuracy of our forward-looking information. Some of our customers require bids for contracts in the form of long-term, fixed pricing contracts that may require us to assume additional risks associated with cost over-runs, operating cost inflation, labor availability and productivity, supplier and contractor pricing and haoliburton, and potential claims for liquidated damages.
Treasury stock, at cost and shares. Basic income per share attributable to company shareholders: Sanctions for failure to comply with the requirements, many of which may be applied retroactively, may include: For example, due to the unsettled political conditions in many oil-producing countries, our operations, revenue, and profits are subject to the adverse consequences of war, the effects of terrorism, hallihurton unrest, strikes, currency controls, and governmental actions.
These charges were recorded primarily as a result of the downturn in the energy market, and consisted of equipment write-offs, asset impairments, expenses and write-downs related to idle equipment, impairments of intangible assets, inventory write-downs, severance costs, country and facility closures, and other items.
See Note 1 to the consolidated financial statements for our accounting policies related to long-lived assets and intangible assets, as well as the results of our goodwill impairment assessment.
Anticipated losses on contracts are recorded in full in the period in which they become evident. 110k are using an effective interest method to accrete the carrying amount to its par value as it matures. Future sources and uses of cash.