Activity in U. As a result of the improved activity in U. Our North America business exited the quarter in a strong position and I am confident in our ability to reach normalized margins in North America this year. I am confident in the strength and performance our business will demonstrate as the international recovery unfolds.
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Dizahn Property, plant and equipment. In line with industry practice, we bill our customers for our services in arrears and are, therefore, subject to our customers delaying or failing to pay our invoices. We are a leading provider of services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
Costs related to early extinguishment of debt. The loss or unavailability of any of our executive officers or other key employees could have a material adverse effect on our business.
The judgments made in determining the estimated fair value assigned to each halliburtin of assets acquired and liabilities assumed, as well as asset lives, can materially impact our results of operations. Total cash flows used in investing activities. Depreciation, depletion and amortization.
The pendency of the Baker Hughes acquisition could adversely affect us. This process consists of a thorough review of historical collection experience, current aging status of the customer accounts, financial condition of our customers and whether the receivables involve retainages.
Net income loss per share. Adjusted operating income a. Manufacturing our own equipment provides us with flexibility to adjust our capital spend based on our visibility of the market.
Therefore, even those systems determined to be effective can provide only reasonable assurance with hwlliburton to financial statement preparation and presentation. Cash and equivalents at beginning of year. Progress is generally based upon physical progress related to contractually defined units of work. Loss from discontinued operations, net. This innovative new service utilizes proprietary sensor technologies and customized processing algorithms to accurately identify potential well integrity issues and reduce the likelihood halliburfon production disruptions for operators.
With respect to any particular country, these risks may include: This expectation is based on preliminary estimates that hlaliburton materially change. Other comprehensive income lossnet of income taxes.
We also suggest that you listen to our quarterly earnings release conference calls with financial analysts. All of our owned properties are unencumbered. Consolidated Statements of Comprehensive Income. Halkiburton also cannot control the actions of our joint venture partners, including any nonperformance, default, or bankruptcy of our joint venture partners. Comprehensive income loss attributable to company shareholders. Total operating income loss.
Corporate and Other Events. Our revenue from continuing operations during the past three years was derived from the sale of services and products to the energy industry. Our business is subject to a variety of health, safety, and environmental laws, rules, and regulations in the United States and other countries, including those covering hazardous materials hallliburton requiring emission performance standards for facilities.
We have experienced delays in collecting payment on our receivables from our primary customer in Venezuela, which contributed to the increase in receivables during the period. Our activities create the risk of yalliburton payments or offers of payments by our employees, agents, or halliburto venture partners that could be in violation of anti-corruption laws, even though these parties are not subject to our control.
Payments to acquire businesses. See Note 8 to the consolidated financial statements for further information about debt financing for the pending acquisition. Our financial statements are prepared in conformity with United States generally accepted accounting principles, requiring us to make estimates and assumptions that affect: Our exposure at these sites may be materially impacted by unforeseen adverse developments both in the final remediation costs and with respect to haloiburton final allocation among the various parties involved at the sites.
Accelerated depreciation methods are used for tax purposes, wherever permitted. If we are not able to design, develop, and produce commercially competitive products and to implement commercially competitive services in a timely manner in response to changes in the market, customer requirements, competitive pressures, and technology trends, our business and consolidated results of operations could be materially and adversely affected, and the value of our intellectual property may be reduced.
International revenue fell as a result of reductions in well completion services and pressure pumping activity across all regions. The objective of our risk management strategy is to minimize the volatility from fluctuations in foreign currency and interest rates. Revenue and Operating Income Comparison.
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Dizahn Property, plant and equipment. In line with industry practice, we bill our customers for our services in arrears and are, therefore, subject to our customers delaying or failing to pay our invoices. We are a leading provider of services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field. Costs related to early extinguishment of debt. The loss or unavailability of any of our executive officers or other key employees could have a material adverse effect on our business.
SEC Filing Details
Financial Statements and Supplementary Data" contained herein. Customer activity declined across all basins in North America land during the fourth quarter of , affecting both our drilling and completions businesses. With this backdrop, we moved quickly to implement a service delivery improvement strategy and initiate cost reductions, which included proactively managing our fleet count to anticipated levels of near-term demand, executing personnel reductions, and rationalizing our real estate portfolio. We performed this exercise with a focus on adjusting our cost structure to improve financial performance.