Halliburton Issues May Decrease Cash Holdings
Halliburton Co. said questions about its work for the U.S. government in Iraq may decrease its cash holdings.
The firm may stop additional billing or make refunds to the government, which could “materially and adversely affect” liquidity, Halliburton said in a report filed with the Securities and Exchange Commission. Houston-based Halliburton had $1.8 billion in cash and cash equivalents on Dec. 31, compared with $1.1 billion a year earlier, the filing said.
Shares of Halliburton rose 10 cents to $31.61 on the NYSE.
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