HALLIBURTON CO 10-K form for the fiscal year ended 2023-12-31, page 43: 

|    |                                                              |                                                           |                        |        |    |        |    |        |
|---:|:-------------------------------------------------------------|:----------------------------------------------------------|:-----------------------|:-------|:---|:-------|:---|:-------|
|  1 |                                                              | HALLIBURTON COMPANY Consolidated Statements of Operations |                        |        |    |        |    |        |
|  2 |                                                              |                                                           | Year Ended December 31 |        |    |        |    |        |
|  3 | Millions of dollars and shares except per share data         | 2023                                                      | 2022                   | 2021   |    |        |    |        |
|  4 | Revenue:                                                     |                                                           |                        |        |    |        |    |        |
|  5 | Services                                                     | $                                                         | 16,483                 |        | $  | 14,749 | $  | 10,989 |
|  6 | Product sales                                                | 6,535                                                     |                        | 5,548  |    | 4,306  |    |        |
|  7 | Total revenue                                                | 23,018                                                    |                        | 20,297 |    | 15,295 |    |        |
|  8 | Operating costs and expenses:                                |                                                           |                        |        |    |        |    |        |
|  9 | Cost of services                                             | 13,402                                                    |                        | 12,381 |    | 9,745  |    |        |
| 10 | Cost of sales                                                | 5,256                                                     |                        | 4,603  |    | 3,534  |    |        |
| 12 | General and administrative                                   | 226                                                       |                        | 240    |    | 204    |    |        |
| 13 | SAP S4 upgrade expense                                       | 51                                                        |                        | -      |    | -      |    |        |
| 14 | Impairments and other charges                                | -                                                         |                        | 366    |    | 12     |    |        |
| 16 | Total operating costs and expenses                           | 18,935                                                    |                        | 17,590 |    | 13,495 |    |        |
| 17 | Operating income                                             | 4,083                                                     |                        | 2,707  |    | 1,800  |    |        |
| 18 | Interest expense, net of interest income of $81, $29, and $9 | (395)                                                     |                        | (463)  |    | (520)  |    |        |
| 19 | Loss on Blue Chip Swap transactions                          | (110)                                                     |                        | -      |    | -      |    |        |
| 20 | Argentina currency impact                                    | (131)                                                     |                        | (30)   |    | 6      |    |        |
| 21 | Loss on early extinguishment of debt                         | -                                                         |                        | (42)   |    | -      |    |        |
| 22 | Other, net                                                   | (84)                                                      |                        | (62)   |    | (34)   |    |        |
| 23 | Income before income taxes                                   | 3,363                                                     |                        | 2,110  |    | 1,252  |    |        |
| 24 | Income tax benefit (provision)                               | (701)                                                     |                        | (515)  |    | 216    |    |        |
| 27 | Net income                                                   | $                                                         | 2,662                  |        | $  | 1,595  | $  | 1,468  |
| 28 | Net income attributable to noncontrolling interest           | (24)                                                      |                        | (23)   |    | (11)   |    |        |
| 29 | Net income attributable to company                           | $                                                         | 2,638                  |        | $  | 1,572  | $  | 1,457  |
| 40 | Basic net income per share                                   | $                                                         | 2.93                   |        | $  | 1.74   | $  | 1.63   |
| 41 | Diluted net income per share                                 | $                                                         | 2.92                   |        | $  | 1.73   | $  | 1.63   |
| 46 | Basic weighted average common shares outstanding             | 899                                                       |                        | 904    |    | 892    |    |        |
| 47 | Diluted weighted average common shares outstanding           | 902                                                       |                        | 908    |    | 892    |    |        |
| 48 |                                                              | See notes to consolidated financial statements.           |                        |        |    |        |    |        |

HAL 2023 FORM 10-K | 43





, HALLIBURTON CO 10-K form for the fiscal year ended 2023-12-31, page 45: 

|    |                                                                                                  |                                                 |             |         |    |        |
|---:|:-------------------------------------------------------------------------------------------------|:------------------------------------------------|:------------|:--------|:---|:-------|
|  1 | HALLIBURTON COMPANY Consolidated Balance Sheets                                                  |                                                 |             |         |    |        |
|  2 |                                                                                                  |                                                 | December 31 |         |    |        |
|  3 | Millions of dollars and shares except per share data                                             | 2023                                            | 2022        |         |    |        |
|  4 | Assets                                                                                           |                                                 |             |         |    |        |
|  5 | Current assets:                                                                                  |                                                 |             |         |    |        |
|  6 | Cash and equivalents                                                                             | $                                               | 2,264       |         | $  | 2,346  |
|  7 | Receivables (net of allowances for credit losses of $742 and $731)                               | 4,860                                           |             | 4,627   |    |        |
|  8 | Inventories                                                                                      | 3,226                                           |             | 2,923   |    |        |
| 11 | Other current assets                                                                             | 1,193                                           |             | 1,056   |    |        |
| 12 | Total current assets                                                                             | 11,543                                          |             | 10,952  |    |        |
| 13 | Property, plant, and equipment (net of accumulated depreciation of $12,064 and $11,660)          | 4,900                                           |             | 4,348   |    |        |
| 14 | Goodwill                                                                                         | 2,850                                           |             | 2,829   |    |        |
| 15 | Deferred income taxes                                                                            | 2,505                                           |             | 2,636   |    |        |
| 16 | Operating lease right-of-use assets                                                              | 1,088                                           |             | 913     |    |        |
| 17 | Other assets                                                                                     | 1,797                                           |             | 1,577   |    |        |
| 18 | Total assets                                                                                     | $                                               | 24,683      |         | $  | 23,255 |
| 19 | Liabilities and Shareholders' Equity                                                             |                                                 |             |         |    |        |
| 20 | Current liabilities:                                                                             |                                                 |             |         |    |        |
| 21 | Accounts payable                                                                                 | $                                               | 3,147       |         | $  | 3,121  |
| 22 | Accrued employee compensation and benefits                                                       | 689                                             |             | 634     |    |        |
| 23 | Income taxes payable                                                                             | 390                                             |             | 294     |    |        |
| 24 | Taxes other than income                                                                          | 370                                             |             | 349     |    |        |
| 25 | Current portion of operating lease liabilities                                                   | 262                                             |             | 224     |    |        |
| 28 | Other current liabilities                                                                        | 750                                             |             | 723     |    |        |
| 29 | Total current liabilities                                                                        | 5,608                                           |             | 5,345   |    |        |
| 30 | Long-term debt                                                                                   | 7,636                                           |             | 7,928   |    |        |
| 31 | Operating lease liabilities                                                                      | 911                                             |             | 791     |    |        |
| 32 | Employee compensation and benefits                                                               | 408                                             |             | 408     |    |        |
| 33 | Other liabilities                                                                                | 687                                             |             | 806     |    |        |
| 34 | Total liabilities                                                                                | 15,250                                          |             | 15,278  |    |        |
| 35 | Shareholders' equity:                                                                            |                                                 |             |         |    |        |
| 36 | Common stock, par value $2.50 per share (authorized 2,000 shares, issued 1,065 and 1,066 shares) | 2,663                                           |             | 2,664   |    |        |
| 37 | Paid-in capital in excess of par value                                                           | 63                                              |             | 50      |    |        |
| 38 | Accumulated other comprehensive loss                                                             | (331)                                           |             | (230)   |    |        |
| 39 | Retained earnings                                                                                | 12,536                                          |             | 10,572  |    |        |
| 40 | Treasury stock, at cost (176 and 164 shares)                                                     | (5,540)                                         |             | (5,108) |    |        |
| 41 | Company shareholders' equity                                                                     | 9,391                                           |             | 7,948   |    |        |
| 42 | Noncontrolling interest in consolidated subsidiaries                                             | 42                                              |             | 29      |    |        |
| 43 | Total shareholders' equity                                                                       | 9,433                                           |             | 7,977   |    |        |
| 44 | Total liabilities and shareholders' equity                                                       | $                                               | 24,683      |         | $  | 23,255 |
| 45 |                                                                                                  | See notes to consolidated financial statements. |             |         |    |        |

HAL 2023 FORM 10-K | 45







Question: What was the Days Payable Outstanding (DPO) of Halliburton's  over the period from 2021 to 2023?
Answer: Days Payable Outstanding (DPO) is calculated using the formula:
DPO = (Accounts Payable / Cost of Goods Sold) * Number of Days.

The Cost of Goods Sold (COGS) is calculated as the sum of "Cost of Services" and "Cost of Sales" from the Consolidated Statements of Operations.

For 2023:

Cost of Services = $13,402 million
Cost of Sales = $5,256 million
COGS = $13,402 million + $5,256 million = $18,658 million
For 2022:

Cost of Services = $12,381 million
Cost of Sales = $4,603 million
COGS = $12,381 million + $4,603 million = $16,984 million
For 2021:

Cost of Services = $9,745 million
Cost of Sales = $3,534 million
COGS = $9,745 million + $3,534 million = $13,279 million
Using the Accounts Payable data from the Consolidated Balance Sheets:

Accounts Payable (2023): $3,147 million
Accounts Payable (2022): $3,121 million
Note: The Accounts Payable for 2021 is not provided, so we cannot calculate the DPO for 2021 accurately.

DPO for each year:
For 2023:
DPO = ($3,147 million / $18,658 million) * 365 = 61.5 days

For 2022:
DPO = ($3,121 million / $16,984 million) * 365 = 67.1 days

Analysis:
The DPO for Halliburton decreased from 67.1 days in 2022 to 61.5 days in 2023, indicating that the company is paying its suppliers more quickly. The calculation for 2021 could not be completed due to missing Accounts Payable data.