On Jan. 26, Halliburton Company (NYSE:HAL) released fourth-quarter earnings for the period ended Dec. 31, 2006.
- Revenues increased by 8%, thanks in part to sales growth of 23% from the Energy Services Group.
- Taking into account a $540 million gain related to a deferred tax reduction in the prior year's fourth quarter, earnings per share on an operating basis grew 20%.
- The company repurchased 8.6 million shares at an average price of $32.69 per share in the fourth quarter.
- Fools at Motley Fool CAPS rate Halliburton a three-star stock.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Sales |
$6,016 |
$5,572 |
8.0% |
|
Net Profit |
$667 |
$1,092 |
(38.9%) |
|
EPS |
$0.64 |
$1.04 |
(38.5%) |
|
Diluted Shares |
1,030 |
1,058 |
(2.6%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
No Data |
No Data |
No Data |
|
Operating Margin |
17.3% |
13.8% |
3.6 |
|
Net Margin |
11.1% |
19.6% |
(8.5) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$4,379 |
$2,391 |
83.1% |
|
Accounts Rec. |
$4,674 |
$4,801 |
(2.6%) |
|
Inventory |
$1,261 |
$953 |
32.3% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$1,931 |
$1,967 |
(1.8%) |
|
Long-Term Debt |
$2,786 |
$2,813 |
(1.0%) |
Learn the ways of the balance sheet.
Related Companies:
- Smith International (NYSE:SII)
- Weatherford International (NYSE:WFT)
- Baker Hughes (NYSE:BHI)
- Schlumberger (NYSE:SLB)
Related Foolishness:
- Halliburton and KBR Call It Quits
- Two Offshore Drillers to Pump Up Your Portfolio
- An Energy Services Starter Kit
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