2024 Q1 Form 10-K Financial Statement

#000004501224000007 Filed on February 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $5.804B $5.739B $23.02B
YoY Change 2.24% 2.81% 13.41%
Cost Of Revenue $4.722B $4.606B $18.66B
YoY Change 1.64% -540.34% -660.47%
Gross Profit $1.082B $1.133B $4.360B
YoY Change 4.95% -82.91% -81.55%
Gross Profit Margin 18.64% 19.74% 18.94%
Selling, General & Admin $61.00M $60.00M $226.0M
YoY Change 12.96% -3.23% -5.83%
% of Gross Profit 5.64% 5.3% 5.18%
Research & Development $408.0M
YoY Change 18.26%
% of Gross Profit 9.36%
Depreciation & Amortization $263.0M $256.0M $998.0M
YoY Change 9.13% 8.47% 6.17%
% of Gross Profit 24.31% 22.59% 22.89%
Operating Expenses $95.00M $4.681B $408.0M
YoY Change 75.93% -17.18% -98.01%
Operating Profit $987.0M -$3.548B $4.083B
YoY Change 1.02% -463.52% 32.87%
Interest Expense -$92.00M -$207.0M -$395.0M
YoY Change 16.46% 179.73% 5.33%
% of Operating Profit -9.32% -9.67%
Other Income/Expense, Net -$108.0M -$16.00M -$84.00M
YoY Change 56.52% -73.33% -53.33%
Pretax Income $787.0M $835.0M $3.400B
YoY Change -5.07% -0.83% 61.14%
Income Tax $178.0M $168.0M $701.0M
% Of Pretax Income 22.62% 20.12% 20.62%
Net Earnings $606.0M $661.0M $2.638B
YoY Change -6.91% 0.76% 67.81%
Net Earnings / Revenue 10.44% 11.52% 11.46%
Basic Earnings Per Share $680.0K
Diluted Earnings Per Share $0.68 $0.74 $2.93
COMMON SHARES
Basic Shares Outstanding 890.1M shares 895.1M shares 899.0M shares
Diluted Shares Outstanding 891.0M shares 902.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.891B $2.264B $2.264B
YoY Change 0.64% -3.5% -3.5%
Cash & Equivalents $1.891B $2.264B $2.264B
Short-Term Investments
Other Short-Term Assets $1.171B $1.193B $1.193B
YoY Change 12.81% 12.97% 12.97%
Inventory $3.258B $3.226B $3.226B
Prepaid Expenses
Receivables $5.103B $4.860B $4.860B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.42B $11.54B $11.54B
YoY Change 1.58% 5.4% 5.4%
LONG-TERM ASSETS
Property, Plant & Equipment $6.055B $4.900B $5.988B
YoY Change 37.64% -6.86% 13.82%
Goodwill $2.850B $2.850B
YoY Change 0.74% 0.74%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.326B $4.302B $4.302B
YoY Change 165.07% 2.11% 2.11%
Total Long-Term Assets $13.23B $13.14B $13.14B
YoY Change 6.93% 6.8% 6.8%
TOTAL ASSETS
Total Short-Term Assets $11.42B $11.54B $11.54B
Total Long-Term Assets $13.23B $13.14B $13.14B
Total Assets $24.65B $24.68B $24.68B
YoY Change 4.38% 6.14% 6.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.092B $3.147B $3.147B
YoY Change -2.77% 0.83% 0.83%
Accrued Expenses $1.120B $951.0M $951.0M
YoY Change 59.77% 10.84% 10.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $32.00M
YoY Change 23.08%
Total Short-Term Liabilities $5.379B $5.608B $5.608B
YoY Change 2.15% 4.92% 4.92%
LONG-TERM LIABILITIES
Long-Term Debt $7.637B $7.636B $7.636B
YoY Change -3.68% -3.68% -3.68%
Other Long-Term Liabilities $1.956B $687.0M $2.006B
YoY Change 147.59% -65.74% 0.05%
Total Long-Term Liabilities $9.593B $687.0M $9.642B
YoY Change 1114.3% -93.08% -2.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.379B $5.608B $5.608B
Total Long-Term Liabilities $9.593B $687.0M $9.642B
Total Liabilities $15.02B $15.25B $15.29B
YoY Change -1.03% -0.37% -0.1%
SHAREHOLDERS EQUITY
Retained Earnings $12.99B $12.54B
YoY Change 17.27% 18.58%
Common Stock $2.662B $2.726B
YoY Change -0.08% 0.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.682B $5.540B
YoY Change 11.52% 8.46%
Treasury Stock Shares
Shareholders Equity $9.636B $9.391B $9.391B
YoY Change
Total Liabilities & Shareholders Equity $24.65B $24.68B $24.68B
YoY Change 4.38% 6.14% 6.14%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $606.0M $661.0M $2.638B
YoY Change -6.91% 0.76% 67.81%
Depreciation, Depletion And Amortization $263.0M $256.0M $998.0M
YoY Change 9.13% 8.47% 6.17%
Cash From Operating Activities $487.0M $1.410B $3.458B
YoY Change 299.18% 21.24% 54.24%
INVESTING ACTIVITIES
Capital Expenditures $330.0M $399.0M $1.379B
YoY Change 23.13% -214.0% -236.4%
Acquisitions
YoY Change
Other Investing Activities -$51.00M -$136.0M $114.0M
YoY Change -175.0% 248.72% 159.09%
Cash From Investing Activities -$381.0M -$535.0M -$1.659B
YoY Change 29.15% 37.53% 71.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $800.0M
YoY Change -420.0%
Debt Paid & Issued, Net $305.0M
YoY Change -75.44%
Cash From Financing Activities -422.0M -544.0M -$1.671B
YoY Change 69.48% 58.6% -7.06%
NET CHANGE
Cash From Operating Activities 487.0M 1.410B $3.458B
Cash From Investing Activities -381.0M -535.0M -$1.659B
Cash From Financing Activities -422.0M -544.0M -$1.671B
Net Change In Cash -316.0M 331.0M -$82.00M
YoY Change -32.33% -23.2% -84.32%
FREE CASH FLOW
Cash From Operating Activities $487.0M $1.410B $3.458B
Capital Expenditures $330.0M $399.0M $1.379B
Free Cash Flow $157.0M $1.011B $2.079B
YoY Change -207.53% -33.18% -36.09%

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<div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-bottom:3pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our financial statements are prepared in conformity with United States generally accepted accounting principles, requiring us to make estimates and assumptions that affect:</span></div><div style="margin-bottom:3pt;padding-left:54pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">-    the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements; and</span></div><div style="margin-bottom:3pt;padding-left:54pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">-    the reported amounts of revenue and expenses during the reporting period.</span></div><div style="padding-left:54pt;text-indent:-18pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe the most significant estimates and assumptions are associated with the forecasting of our income tax (provision) benefit and the valuation of deferred taxes, legal reserves, long-lived asset valuations, and allowance for credit losses. Ultimate results could differ from our estimates.</span></div>
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2023Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2023Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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CY2023Q4 us-gaap Common Stock Shares Issued
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CY2022Q4 us-gaap Common Stock Shares Issued
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CY2023Q4 us-gaap Treasury Stock Common Shares
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CY2022Q4 us-gaap Treasury Stock Common Shares
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CY2023Q4 us-gaap Common Stock Shares Outstanding
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CY2023 us-gaap Stock Repurchased During Period Shares
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CY2022 us-gaap Stock Repurchased During Period Shares
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CY2023Q4 us-gaap Stock Repurchase Program Authorized Amount1
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CY2023Q4 hal Treasury Stock Shares Acquired From Inception
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CY2023Q4 us-gaap Preferred Stock Shares Authorized
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CY2023Q4 us-gaap Preferred Stock Shares Issued
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CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023 hal Numberofdaysfromperiodend
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CY2023Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
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CY2022Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
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CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
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CY2022 us-gaap Defined Contribution Plan Cost Recognized
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CY2021 us-gaap Defined Contribution Plan Cost Recognized
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CY2023 dei Auditor Name
AuditorName
KPMG LLP
CY2023 dei Auditor Location
AuditorLocation
Houston, TX
CY2023 dei Auditor Firm
AuditorFirmId
185

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
hal-20231231_lab.xml Edgar Link unprocessable
hal-20231231_cal.xml Edgar Link unprocessable
hal-20231231_def.xml Edgar Link unprocessable
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0000045012-24-000007-index.html Edgar Link pending
0000045012-24-000007.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
hal-20231231.htm Edgar Link pending
hal-20231231.xsd Edgar Link pending
hal-20231231_g1.jpg Edgar Link pending
hal-20231231_g2.jpg Edgar Link pending
hal-20231231_g3.jpg Edgar Link pending
hal-20231231_g4.jpg Edgar Link pending
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hal_12312023-ex1036.htm Edgar Link pending
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hal-20231231_pre.xml Edgar Link unprocessable
hal-20231231_htm.xml Edgar Link completed
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