10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENT OF INCOME | |||
Period Ending Dec 31, 2012 10-K (Filed: Jan 31, 2013) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenue | $ 42,149 | 36,959 | 26,672 |
| Interest and other income | 172 | 130 | 215 |
| Gain on investment in M-I SWACO | 1,270 | ||
| Expenses | |||
| Cost of revenue | 33,056 | 28,939 | 21,097 |
| Research & engineering | 1,168 | 1,073 | 919 |
| General & administrative | 405 | 427 | 311 |
| Merger & integration | 128 | 113 | 160 |
| Restructuring & other | 33 | 331 | |
| Interest | 340 | 298 | 207 |
| Income from continuing operations before taxes | 7,191 | 6,239 | 5,132 |
| Taxes on income | 1,723 | 1,509 | 879 |
| Income from continuing operations | 5,468 | 4,730 | 4,253 |
| Income from discontinued operations | 51 | 277 | 12 |
| Net income | 5,519 | 5,007 | 4,265 |
| Net income (loss) attributable to noncontrolling interests | 29 | 10 | (2) |
| Net income attributable to Schlumberger | 5,490 | 4,997 | 4,267 |
| Schlumberger amounts attributable to: | |||
| Income from continuing operations | 5,439 | 4,720 | 4,255 |
| Income from discontinued operations | 51 | 277 | 12 |
| Net income attributable to Schlumberger | 5,490 | 4,997 | 4,267 |
| Basic earnings per share of Schlumberger: | |||
| Income from continuing operations | 4.09 | 3.50 | 3.40 |
| Income from discontinued operations | 0.04 | 0.21 | 0.01 |
| Net income | 4.13 [1] | 3.70 | 3.41 |
| Diluted earnings per share of Schlumberger: | |||
| Income from continuing operations | 4.06 | 3.47 | 3.37 |
| Income from discontinued operations | 0.04 | 0.20 | 0.01 |
| Net income | 4.10 | 3.67 | 3.38 |
| Average shares outstanding: | |||
| Basic | 1,330 | 1,349 | 1,250 |
| Assuming dilution | 1,339 | 1,361 | 1,263 |
| [1] Amounts may not add due to rounding. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2012 10-K (Filed: Jan 31, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net Income | $ 5,519 | 5,007 | 4,265 |
| Currency translation adjustments | |||
| Unrealized net change arising during the period | 76 | (82) | (26) |
| Marketable securities | |||
| Unrealized gain arising during the period | 141 | ||
| Derivatives | |||
| Net derivatives gain (loss) on hedge transactions | 92 | (79) | (269) |
| Reclassification to net income of net realized (gain) loss | (36) | 8 | 274 |
| Actuarial loss | |||
| Actuarial loss arising during the period | (1,016) | (1,008) | (117) |
| Amortization to net income of net actuarial loss | 187 | 133 | 90 |
| Prior service cost | |||
| Prior service gain (cost) arising during the period | 1 | (162) | |
| Amortization to net income of net prior service cost | 125 | 121 | 96 |
| Income taxes on pension and other postretirement benefit plans | 100 | 117 | 20 |
| Comprehensive income | 5,188 | 4,218 | 4,171 |
| Comprehensive income (loss) attributable to noncontrolling interests | 29 | 10 | (2) |
| Comprehensive income attributable to Schlumberger | 5,159 | 4,208 | 4,173 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2012 10-K (Filed: Jan 31, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows from operating activities: | |||
| Net Income | $ 5,519 | 5,007 | 4,265 |
| Income from discontinued operations | (51) | (277) | (12) |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 3,500 [1] | 3,274 | 2,757 |
| Gain on investment in M-I SWACO | (1,270) | ||
| Earnings of companies carried at equity, less dividends received | (61) | (64) | (85) |
| Deferred income taxes | (76) | (26) | (130) |
| Stock-based compensation expense | 335 | 272 | 198 |
| Pension and other postretirement benefits expense | 404 | 365 | 299 |
| Other non-cash items | 97 | 203 | 327 |
| Pension and other postretirement benefits funding | (673) | (601) | (868) |
| Change in operating assets and liabilities: | |||
| Increase in receivables | (2,116) [2] | (1,281) | (290) |
| Increase in inventories | (643) | (864) | (50) |
| (Increase) decrease in other current assets | (314) | (93) | 133 |
| Increase (decrease) in accounts payable and accrued liabilities | 928 | 597 | (75) |
| Increase (decrease) in estimated liability for taxes on income | 127 | (561) | 476 |
| Increase (decrease) in other liabilities | 1 | 169 | (89) |
| Other - net | (163) | (5) | (77) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 6,814 | 6,115 | 5,509 |
| Cash flows from investing activities: | |||
| Capital expenditures | (4,695) | (4,008) | (2,912) |
| Multiclient seismic data capitalized | (351) | (289) | (326) |
| Cash acquired in acquisition of Smith International, Inc. | 399 | ||
| Acquisition of Geoservices, net of cash acquired | (889) | ||
| Other business acquisitions and investments, net of cash acquired | (845) | (186) | (212) |
| (Purchase) sale of investments, net | (1,228) | 351 | 1,023 |
| Other | (55) | 230 | (19) |
| NET CASH USED IN INVESTING ACTIVITIES | (7,174) | (3,902) | (2,936) |
| Cash flows from financing activities: | |||
| Dividends paid | (1,432) | (1,300) | (1,040) |
| Proceeds from employee stock purchase plan | 247 | 208 | 179 |
| Proceeds from exercise of stock options | 163 | 230 | 222 |
| Stock repurchase program | (972) | (2,998) | (1,717) |
| Proceeds from issuance of long-term debt | 2,832 | 6,884 | 2,815 |
| Repayment of long-term debt | (1,817) | (4,992) | (1,814) |
| Net increase (decrease) in short-term borrowings | 621 | (119) | (68) |
| Other | 19 | (613) | 14 |
| NET CASH USED IN FINANCING ACTIVITIES | (339) | (2,700) | (1,409) |
| Cash flow from discontinued operations - operating activities | (126) | 55 | (15) |
| Cash flow from discontinued operations - investing activities | 1,012 | 376 | (2) |
| Cash flow from discontinued operations | 886 | 431 | (17) |
| Net increase (decrease) in cash before translation effect | 187 | (56) | 1,147 |
| Translation effect on cash | 13 | (3) | |
| Cash, beginning of year | 1,705 | 1,764 | |
| Cash, end of year | 1,905 | 1,705 | 1,764 |
| [1] Includes multiclient seismic data costs. | |||
| [2] Net of the effect of business acquisitions. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SCHLUMBERGER LIMITED/NV | ||
Ticker: SLB Fiscal Year: 2012 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2012 10-K (Filed: Jan 31, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $ 1,905 | 1,705 |
| Short-term investments | 4,369 | 3,122 |
| Receivables less allowance for doubtful accounts (2012 - $202; 2011 - $177) | 11,351 | 9,500 |
| Inventories | 4,785 | 4,700 |
| Deferred taxes | 343 | 456 |
| Other current assets | 1,403 | 1,056 |
| Current assets total | 24,156 | 20,539 |
| Fixed Income Investments, held to maturity | 245 | 256 |
| Investments in Affiliated Companies | 1,502 | 1,266 |
| Fixed Assets less accumulated depreciation | 14,780 | 12,993 |
| Multiclient Seismic Data | 518 | 425 |
| Goodwill | 14,585 | 14,154 |
| Intangible Assets | 4,802 | 4,882 |
| Other Assets | 959 | 686 |
| Total Assets | 61,547 | 55,201 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 8,453 | 7,579 |
| Estimated liability for taxes on income | 1,426 | 1,245 |
| Long-term debt - current portion | 1,163 | 1,041 |
| Short-term borrowings | 958 | 336 |
| Dividends payable | 368 | 337 |
| Liabilities, Current, Total | 12,368 | 10,538 |
| Long-term Debt | 9,509 | 8,556 |
| Postretirement Benefits | 2,169 | 1,732 |
| Deferred Taxes | 1,493 | 1,731 |
| Other Liabilities | 1,150 | 1,252 |
| Total Liabilities | 26,689 | 23,809 |
| Equity | ||
| Common stock | 11,912 | 11,639 |
| Treasury stock | (6,160) | (5,679) |
| Retained earnings | 32,887 | 28,860 |
| Accumulated other comprehensive loss | (3,888) | (3,557) |
| Schlumberger stockholders' equity | 34,751 | 31,263 |
| Noncontrolling interests | 107 | 129 |
| Total equity | 34,858 | 31,392 |
| Liabilities and stockholders equity | 61,547 | 55,201 |
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2012 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |