Federal sales tax?

#29
#29
UT IE 95 said:
How do you lose money while reporting a profit margin?
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They reported net losses of >$800M and >$900M, in 2003 and 2004, respectively. Those were the only two years in which Halliburton worked under the no-bid contract in Iraq.
 
#30
#30
you do realize that the iraq work is a very small % of Haliburton's business right? they are the premiere oil service company in the world. and no one mentions that they were by far the most qualified company to get those contracts in the first place.
 
#31
#31
droski said:
you do realize that the iraq work is a very small % of Haliburton's business right? they are the premiere oil service company in the world. and no one mentions that they were by far the most qualified company to get those contracts in the first place.
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Nobody mentions that they won that contract in the first quarter of 2001, competitively. The structure of that contract, prior to US involvement in the GWOT, is what led to over $1.5B in losses incurred throughout 2003 and 2004.

However, common knowledge is always correct.
 
#32
#32
droski said:
you do realize that the iraq work is a very small % of Haliburton's business right? they are the premiere oil service company in the world. and no one mentions that they were by far the most qualified company to get those contracts in the first place.
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I don't think it's that small of a %.

And there's a reason the relationship of Halliburton and the Bush Administration is called a scandal.
 
#33
#33
UT IE 95 said:
I don't think it's that small of a %.

And there's a reason the relationship of Halliburton and the Bush Administration is called a scandal.
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i believe it is less than 10%. and btw they spun off the business that does that work and if you know anything about finance you know that companies don't spin off cash cows.
 
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#35
#35
therealUT said:
Feel free to provide the reason...
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easy, Bush and Cheney are oil men and Cheney was once some high up muckety muck at Halliburton, therefore the relationship between Halliburton and the Bush administration is blatantly sinister and ultimately harmful to the republic.

/end line of ridiculous liberal-like thinking.
 
#36
#36
MG1968 said:
easy, Bush and Cheney are oil men and Cheney was once some high up muckety muck at Halliburton, therefore the relationship between Halliburton and the Bush administration is blatantly sinister and ultimately harmful to the republic.

/end line of ridiculous liberal-like thinking.
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The Bush Admin is nothing more than a dolt in the Halliburton deals. Cheney's days of milking that cow go back to 1991 when he was SOD.

And calling him "some high up muckety muck at Halliburton" grossly understates his position with them.
 
#38
#38
UT IE 95 said:
The Bush Admin is nothing more than a dolt in the Halliburton deals. Cheney's days of milking that cow go back to 1991 when he was SOD.

And calling him "some high up muckety muck at Halliburton" grossly understates his position with them.
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Regardless, of the affiliation. All but 1 of the contracts that Halliburton has been awarded by the Federal Government have been competitively bid for. The only one that wasn't, 2003 OIF, was extended to Halliburton out of their 2001 contract, in which they competitively bid for it.

In late 2004, that contract was opened up to competitive bidding. Halliburton won it...again.

Halliburton lost billions in 2003 and 2004 due to the fact that the Federal Government extended the contract to them on the prior terms of their 2001 bid.
 
#40
#40
therealUT said:
Regardless, of the affiliation. All but 1 of the contracts that Halliburton has been awarded by the Federal Government have been competitively bid for. The only one that wasn't, 2003 OIF, was extended to Halliburton out of their 2001 contract, in which they competitively bid for it.

In late 2004, that contract was opened up to competitive bidding. Halliburton won it...again.

Halliburton lost billions in 2003 and 2004 due to the fact that the Federal Government extended the contract to them on the prior terms of their 2001 bid.
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You keep bringing up that Halliburton lost billions and I just ignored it. But since you keep bringing it up - do you believe that Halliburton lost BILLIONS of dollars on contract services in Iraq?
 
#41
#41
UT IE 95 said:
You keep bringing up that Halliburton lost billions and I just ignored it. But since you keep bringing it up - do you believe that Halliburton lost BILLIONS of dollars on contract services in Iraq?
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yes. that is fact. look it up. their oil service contracts with oil north of $70. which have nothign to do with iraq. are why they made billions during the 2000s.
 
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#43
#43
droski said:
yes. that is fact. look it up. their oil service contracts with oil north of $70. which have nothign to do with iraq. are why they made billions during the 2000s.
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I can't find anything that says Halliburton nor KBR lost money on Iraq. The closest thing I can find is that incompetent management at KBR made the Iraq contract margins "modest". Then to look further, I can find that KBR lost their shirt in the early 2000's on another scandal involving asbestos removal from somewhere not involving anything with Iraq.
 
#44
#44
UT IE 95 said:
I can't find anything that says Halliburton nor KBR lost money on Iraq. The closest thing I can find is that incompetent management at KBR made the Iraq contract margins "modest". Then to look further, I can find that KBR lost their shirt in the early 2000's on another scandal involving asbestos removal from somewhere not involving anything with Iraq.
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did you look at the 10Ks
 
#50
#50
UT IE 95 said:
Heck no. Just Google. With all the hell they have taken, if they lost money on Iraq it would be on the first page of a Google search.
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Right, just Google "Hallliburton". If it is on the internet, it must be true. How about you actually check into Halliburton's financial statements issued from 1997-2007?

Funny, 2003 and 2004 account for net losses of almost $1B each year. Aside from a nominal loss in 1998, the other seven years are all well in the black. What is the difference in 2003 and 2004...OIF.

Feel free to check out their Balance Sheet during these years, too. Amazing the amount of debt they took on in 2003 and 2004 (this huge debt is the reason Halliburton finally cut KBR away).
 
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