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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Additionally, we routinely monitor the financial stability of our customers. In addition, deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been recognized in the financial statements or tax returns.
Evaluating impairment of long-lived assets. While this is our best estimate of the impact of the various scenarios, these estimates should not be viewed as forecasts. Accumulated other comprehensive loss.
That determination includes the following procedures: The significant decrease was primarily due to Macondo-related items. The program improves products, processes, and engineering hal,iburton and practices that serve the changing needs of our customers, such as those related to high pressure and high temperature environments, and also develops new products and processes. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
Local jurisdictions in some states have adopted ordinances that restrict or in certain cases prohibit the halilburton of hydraulic fracturing for oil and gas development.
HALLIBURTON CO – K Annual Reports and Q Quarterly Reports
Our principal task generally is to manage the process of injecting fracturing fluids into the borehole to ‘stimulate’ the well. As reported operating income loss. We review the carrying value of these assets based upon estimated future cash flows while taking into consideration assumptions and estimates including the future use of the asset, remaining useful life of the asset and service potential of the asset.
We also have proactively developed processes to provide our customers with the chemical constituents of our hydraulic fracturing fluids to enable our customers to comply with state laws as well as voluntary standards established by the Chemical Disclosure Registry, www. Therefore, it may be more difficult for the combined enterprise to pay or refinance its debts or take other actions, and the combined enterprise may need to divert its cash flow from operations to debt service payments.
Total cash flows used in investing activities. Basic weighted average common shares outstanding. Impairments and other charges a. These examinations may result in assessments of additional taxes, which we work to resolve with the tax authorities and through the judicial process.
Baker Hughes related costs and termination fee. We recognize revenue from product sales when title passes to the customer, the customer assumes risks and rewards of ownership, collectability is reasonably assured and delivery occurs as directed by our customer.
These issues may also result in cost over-runs, delays, and project losses. We conduct impairment tests on long-lived assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable.
Halliburton Company –
For example, our operations in countries outside the United States are subject to the United States Foreign Corrupt Practices Act FCPAwhich prohibits United States companies and their agents and employees from providing anything of value to a foreign official for the purposes of influencing any act or decision of galliburton individuals in their official capacity to help obtain or retain business, direct business to any person or corporate entity, or obtain any unfair advantage.
The Department of Interior has been enjoined from enforcing these regulations by a federal court; however, this decision is being appealed.
Income loss from continuing operations. In the United States, environmental requirements and regulations typically impose strict liability. Employee compensation and benefits. For purposes of performing the goodwill impairment test our reporting units are the same as our reportable segments, the Completion and Production hzlliburton and the Drilling and Evaluation division.
Amounts attributable to company shareholders: We performed a variety of services on that well for BP.
Allegations of violations of applicable anti-corruption laws have resulted and may in the future result in internal, independent, or government investigations. These customers may provide us with inaccurate information in relation to their reserves, which is a subjective process that involves location and volume estimation, that may result in cost over-runs, delays, and project losses.
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. For our Eastern Hemisphere business, we expect to see an inflection in the rig count in. Crude oil production in the United States halliburtpn projected to average 9.