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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For further information regarding foreign currency exchange risk, interest rate risk, and credit risk, see Note 14 to the consolidated financial statements. We are a leading provider of services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
Changes in 1k carrying amount of goodwill are detailed below by reportable segment. We conduct impairment tests on long-lived hal,iburton whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Attorneys in our legal department monitor and manage all claims filed against us and review all pending investigations.
Halliburton Company –
Current maturities of long-term debt. The occurrence of any of these events individually or in combination could have a material adverse effect on our results of operations and the trading price of our common stock. Liabilities for Macondo well incident.
Manufacturing our own equipment provides us with flexibility to adjust our capital spend based on our visibility haoliburton the market. We attempt to resolve these matters through settlements, mediation and arbitration proceedings when possible. Property, plant and equipment.
If the actual settlement costs, final judgments or fines, after appeals, differ from our estimates, our future financial results may be adversely affected. Other long-term liabilities d. Activity within our business segments is significantly impacted by spending on upstream exploration, development, and production programs by our customers. Our Board of Directors has authorized a program to repurchase our common stock from time to time.
The EIA also expects natural gas consumption to increase inprimarily because of higher residential and commercial consumption based on a forecast of colder winter temperatures and, to a lesser extent, due to new fertilizer and chemical projects in the industrial sector.
Adjustments to reconcile net income loss to cash flows from operating activities: 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.
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. The shareholder return set forth is not necessarily indicative of future performance. If they become effective, these regulations would establish additional hallburton of regulation at the federal level that could lead to operational delays and increased operating costs.
In Latin America, the rig count hit a year low across 10j region duringand Venezuela continues to experience significant political and economic turmoil. Market conditions can trigger constraints in the supply of certain raw materials, such as proppants, hydrochloric acid, and gels, including guar gum a blending additive used in our hydraulic fracturing process. Internal control over financial reporting, no matter how well designed, has inherent limitations.
Our exposure at these sites may be materially impacted by unforeseen adverse developments both in the final remediation costs and with respect to the final allocation among the various parties involved 01k the sites. 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.
Our failure to protect our proprietary information and any successful intellectual property hallliburton or infringement proceedings against us could materially and adversely affect our competitive position. Liability for cleanup costs, natural resource damages, and other damages arising as hzlliburton result of environmental 01k could be substantial and could have a material adverse effect on our liquidity, consolidated results of operations, and consolidated financial condition.
However, prices are expected to remain relatively unchanged for the beginning of as significant economic and geopolitical events are expected to affect market participants’ expectations and demand growth and as global oil inventory builds at a slower rate.
We have taken actions throughout to help mitigate the effect on our business during the downturn in the energy market, and we will continue hallibuton evaluate our cost structure and make further adjustments as required. Actions of 1k0 disputes with our joint venture partners could have a material adverse effect on the business and results of operations of our joint ventures and, in turn, our business and consolidated results of operations.
Total operating costs and expenses.
HALLIBURTON CO – K Annual Reports and Q Quarterly Reports
Consolidated Statements of Operations for the years ended December 31,and Management believes that operating income loss adjusted for impairments and other charges for the three months ended December 31, and the year ended December 31,and impairments and other charges, merger-related costs and termination fee, and a class action lawsuit settlement for the three months ended December 31, and the year ended December 31, is useful to investors to assess and understand hxlliburton performance, especially when comparing those results with previous and subsequent periods or forecasting performance for future periods, primarily because management views the excluded items to be outside of the company’s normal operating results.
In most cases, we bill our customers for our services in arrears and are, therefore, subject to our customers delaying or failing to pay our invoices. We are a leading provider of services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and halluburton, and optimizing production throughout the life of the field.