Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Halliburton Co., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Services	18,444)	15,408)	11,140)	17,482)	25,039)
Product sales	5,551)	5,212)	4,747)	6,151)	7,831)
Revenue	23,995)	20,620)	15,887)	23,633)	32,870)
Cost of services	(16,591)	(14,213)	(11,253)	(15,900)	(20,959)
Cost of sales	(4,418)	(4,142)	(3,770)	(5,213)	(6,571)
Cost of services and product sales	(21,009)	(18,355)	(15,023)	(21,113)	(27,530)
Gross profit	2,986)	2,265)	864)	2,520)	5,340)
Merger-related costs and termination fee	—)	—)	(4,057)	(308)	(17)
Impairments and other charges	(265)	(647)	(3,357)	(2,177)	(129)
General and administrative	(254)	(256)	(228)	(200)	(292)
Activity related to the Macondo well incident	—)	—)	—)	—)	195)
Operating income (loss)	2,467)	1,362)	(6,778)	(165)	5,097)
Interest expense	(598)	(705)	(698)	(463)	(396)
Interest income	44)	112)	59)	16)	13)
Interest expense, net of interest income	(554)	(593)	(639)	(447)	(383)
Other, net	(99)	(87)	(208)	(324)	(2)
Income (loss) from continuing operations before income taxes	1,814)	682)	(7,625)	(936)	4,712)
Income tax (provision) benefit	(157)	(1,131)	1,858)	274)	(1,275)
Income (loss) from continuing operations	1,657)	(449)	(5,767)	(662)	3,437)
Income (loss) from discontinued operations, net	—)	(19)	(2)	(5)	64)
Net income (loss)	1,657)	(468)	(5,769)	(667)	3,501)
Net (income) loss attributable to noncontrolling interest	(1)	5)	6)	(4)	(1)
Net income (loss) attributable to company	1,656)	(463)	(5,763)	(671)	3,500)

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Halliburton Co. revenue increased from 2016 to 2017 and from 2017 to 2018.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Halliburton Co. operating income (loss) increased from 2016 to 2017 and from 2017 to 2018.
Income (loss) from continuing operations before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Halliburton Co. income (loss) from continuing operations before income taxes increased from 2016 to 2017 and from 2017 to 2018.
Net income (loss) attributable to company	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Halliburton Co. net income (loss) attributable to company increased from 2016 to 2017 and from 2017 to 2018.

Halliburton Co. (NYSE:HAL)

Income Statement