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1、Building aSustainableFuture2003 Annual ReportMillions of dollars and shares except per share data200320022001Diluted income(loss)per share from continuing operationsbefore change in accounting principle$0.78$(0.80)$1.28Diluted net income(loss)per share(1.88)(2.31)1.88Cash dividends per share0.500.50
2、0.50Revenues16,27112,57213,046Operating income(loss)720(112)1,084Income(loss)from continuing operations before change in accounting principle339(346)551Net income(loss)(820)(998)809Working capital13,8842,2882,665Long-term debt(including current maturities)3,4371,4761,484Net debt to total capitalizat
3、ion239.2%10.5%20.7%Capital expenditures515764797Depreciation and amortization518505531Diluted average shares outstanding4374324301Calculated as current assets minus current liabilities which exclude the current portion of the asbestos and silica liability of$2,507 million in 2003.2Calculated as tota
4、l debt less cash divided by total debt less cash plus shareholders equity.Halliburton TodayThe Energy Services Group(ESG)offers the broadest array of products to the upstream petroleum industry worldwide.These services include decision support services for locating hydrocarbonsand managing digital d
5、ata;creation and evaluation of the wellbore;creation of infrastructure to move hydrocarbons;and optimization of hydrocarbon production.KBR,the Engineering and Construction Group,serves the energyindustry by designing,building and providing operations and maintenance services for liquefied natural ga
6、s plants,refining and processing plants,production facilities and pipelines bothonshore and offshore.The non-energy business of the group meetsthe engineering,construction and services needs of governments and civil infrastructure customers.ContentsLetter to Shareholders2Operations Overview6Financia