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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While this is our best estimate of the impact of the various scenarios, these estimates should not be viewed as forecasts. The significant decrease was primarily due to Macondo-related items. Purchase price adjustments for previous acquisitions.
Other comprehensive income, net of income taxes: Additionally, activity in the Gulf of Mexico is dependent on, among the factors described above, governmental approvals for permits, our customers’ actions, and the entry and exit of deepwater rigs in the market. Net income loss attributable to company. We believe the geographic diversification of our business activities reduces the risk that loss of operations in any one country, other than the United States, would significantly impact the conduct of our operations taken as halliburtln whole.
We manufacture our own equipment, which allows us flexibility to increase or decrease our capital expenditures based on market conditions. Consolidated Statements of Operations for the years ended December 31,and Tax provision benefit and discrete tax adjustments a b. Therefore, we expect a continued reduction in activity coupled with pricing pressures, and corresponding reductions in revenue and hallibrton performance in While our market share has been improving, pricing challenges continue as the industry recovers and equipment availability tightens.
Our business in Venezuela subjects us to actions by the Venezuelan government, the risk of delayed payments, and currency risks, which could have a material adverse effect on our liquidity, consolidated results of operations, and consolidated financial condition.
Likewise, such restrictions may result in additional compliance obligations with respect to the release, capture, sequestration, and use of carbon. Likewise, such restrictions may result in additional compliance obligations with respect to the release, capture, sequestration, and use of carbon dioxide that could have a material adverse effect on ualliburton liquidity, consolidated results of operations, and consolidated financial condition.
Our business is subject to a variety of health, safety, and environmental laws, rules, and regulations in the United States and other countries, including those covering hazardous materials and requiring emission performance standards for facilities.
We will make further adjustments as required to adjust to market conditions. Anticipated losses on contracts are recorded in full in the period in which they become evident. This innovative new service utilizes proprietary sensor technologies hallibyrton customized processing algorithms to accurately identify potential well integrity issues and reduce the likelihood of production disruptions for operators. The final determination haalliburton our income tax liabilities involves the interpretation of local tax laws, tax treaties, and related authorities in each jurisdiction, as well as the significant use of estimates and assumptions regarding the scope of future operations and results achieved and the timing and nature of income earned and expenditures incurred.
In our international plans where benefits are not accrued for continued service, actuarial gains and losses will be recognized in operating income over a period of 17 to 31 years, which represents the estimated average remaining lifetime of the benefit obligations. A significant amount of our consolidated revenue is derived from the sale of services and products to major, national and independent oil and natural gas companies worldwide.
Furthermore, we have no financial covenants or material adverse change provisions in our bank agreements, and our debt maturities extend over a long period of time. Year Hxlliburton December Our results of operations can be affected by inaccurate assumptions we make or by known or unknown risks and uncertainties. Failure on our part to comply with, and the costs of compliance with, applicable health, safety, and environmental requirements could have a material adverse effect on our liquidity, consolidated results of operations, and consolidated financial condition.
Legal Proceedings is included in Note 9 to the consolidated financial statements.
Halliburton Co (HAL) 10K Annual Reports & 10Q SEC Filings | Last10K
Our import activities are governed by the unique customs laws and regulations in each of the countries where we operate. Payments to reacquire common stock. Fri Feb 09 9: We are exposed to claims under environmental requirements and, from time to time, such claims have been made against us. The final determination of our income tax liabilities involves the interpretation of local tax laws, tax treaties, and related authorities in each jurisdiction, as well as the significant use of estimates and assumptions regarding the scope of future operations and results achieved and the timing and nature of income earned and expenditures incurred.
The declaration and payment of future dividends will be at the discretion of the Board of Directors and will depend on, among other things, future earnings, general financial condition and liquidity, success in business activities, capital requirements, and general business conditions.
Over the last five years, our estimates of allowances for bad debts, as halllburton percentage of notes and accounts receivable before the allowance, have ranged from 1. We depend greatly on the efforts of our executive officers hallibirton other key employees to manage our operations. Millions of dollars and shares except per share data.
Sanctions for failure to comply with the hallibuurton, many of which may be applied retroactively, may include: Based upon current levels of operations, we expect the combined enterprise to be able to generate sufficient cash on a consolidated basis to make all of the principal and interest payments when such payments are due under our existing credit facilities, indentures and other instruments governing our outstanding indebtedness, and the indebtedness of Baker Hughes that may remain outstanding after the acquisition, but there can be no assurance that the combined enterprise will be able to repay or refinance such borrowings and obligations.
HALLIBURTON CO – K Annual Reports and Q Quarterly Reports
Two of the more critical assumptions and estimates used in the actuarial calculations are the discount rate for determining the current value of benefit obligations and the expected long-term rate of return on plan assets used in determining net periodic benefit cost.
We are periodically notified of potential liabilities at federal and state superfund sites. With respect to any particular country, these risks may include: As a result, no forward-looking information can be guaranteed.
Our Board of Directors has authorized a plan to repurchase our common stock from time to time. We believe all properties that we currently occupy are suitable for their intended use. Factors such as the availability of settlement procedures, willingness of tax authorities to negotiate, and the operation and impartiality of judicial systems vary across the different tax jurisdictions and may significantly influence the ultimate outcome.