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: 2016 | |||
CONSOLIDATED STATEMENT OF INCOME | |||
Period Ending Dec 31, 2016 10-K (Filed: Jan 25, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenue | |||
| Services | $ 20,859 | 31,765 | 44,138 |
| Product sales | 6,951 | 3,710 | 4,442 |
| Total Revenue | 27,810 | 35,475 | 48,580 |
| Interest & other income | 200 | 236 | 291 |
| Expenses | |||
| Cost of services | 17,876 | 25,259 | 33,792 |
| Cost of sales | 6,234 | 3,062 | 3,606 |
| Research & engineering | 1,012 | 1,094 | 1,217 |
| General & administrative | 403 | 494 | 475 |
| Impairments & other | 3,172 | 2,575 | 1,773 |
| Merger & integration | 648 | ||
| Interest | 570 | 346 | 369 |
| Income (loss) from continuing operations before taxes | (1,905) | 2,881 | 7,639 |
| Taxes on income (loss) | (278) | 746 | 1,928 |
| Income (loss) from continuing operations | (1,627) | 2,135 | 5,711 |
| Loss from discontinued operations | (205) | ||
| Net income (loss) | (1,627) | 2,135 | 5,506 |
| Net income attributable to noncontrolling interests | 60 | 63 | 68 |
| Net income (loss) attributable to Schlumberger | (1,687) | 2,072 | 5,438 |
| Schlumberger amounts attributable to: | |||
| Income (loss) from continuing operations | (1,687) | 2,072 | 5,643 |
| Loss from discontinued operations | (205) | ||
| Net income (loss) attributable to Schlumberger | (1,687) | 2,072 | 5,438 |
| Basic earnings per share of Schlumberger | |||
| Income (loss) from continuing operations | (1.24) | 1.63 | 4.36 |
| Loss from discontinued operations | (0.16) | ||
| Net income (loss) | (1.24) | 1.63 | 4.20 |
| Diluted earnings per share of Schlumberger | |||
| Income (loss) from continuing operations | (1.24) | 1.63 | 4.31 |
| Loss from discontinued operations | (0.16) | ||
| Net income (loss) | (1.24) [1] | 1.63 | 4.16 |
| Average shares outstanding: | |||
| Basic | 1,357 | 1,267 | 1,295 |
| Assuming dilution | 1,357 | 1,275 | 1,308 |
| [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: 2016 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2016 10-K (Filed: Jan 25, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net income (loss) | $ (1,627) | 2,135 | 5,506 |
| Currency translation adjustments | |||
| Unrealized net change arising during the period | (83) | (522) | (463) |
| Marketable securities | |||
| Unrealized gain (loss) arising during the period | 21 | (50) | (166) |
| Reclassification to net income - impairment charge | 40 | ||
| Cash flow hedges | |||
| Net loss on cash flow hedges | (101) | (178) | (238) |
| Reclassification to net income (loss) of net realized loss | 121 | 235 | 113 |
| Pension and other postretirement benefit plans | |||
| Actuarial gain (loss) | |||
| Actuarial loss arising during the period | (289) | (210) | (1,285) |
| Amortization to net income of net actuarial loss | 157 | 306 | 177 |
| Prior service cost | |||
| Amortization to net income (loss) of net prior service cost | 102 | 101 | 128 |
| Income taxes on pension and other postretirement benefit plans | (13) | (74) | 82 |
| Comprehensive income | (1,712) | 1,783 | 3,854 |
| Comprehensive income attributable to noncontrolling interests | 60 | 63 | 68 |
| Comprehensive income (loss) attributable to Schlumberger | (1,772) | 1,720 | 3,786 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2016 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2016 10-K (Filed: Jan 25, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ (1,627) | 2,135 | 5,506 |
| Add: Loss from discontinued operations | 205 | ||
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Impairments and other charges | 3,820 | 2,575 | 1,773 |
| Depreciation and amortization | 4,094 [1] | 4,078 | 4,094 |
| Pension and other postretirement benefits expense | 187 | 438 | 355 |
| Stock-based compensation expense | 267 | 326 | 329 |
| Pension and other postretirement benefits funding | (174) | (346) | (390) |
| Earnings of equity method investments, less dividends received | (60) | (125) | (113) |
| Change in assets and liabilities: | |||
| Decrease (increase) in receivables | 1,098 [2] | 2,176 | (187) |
| Decrease (increase) in inventories | 800 | 625 | (36) |
| Decrease in other current assets | 308 | 76 | 119 |
| (Increase) decrease in other assets | (488) | 16 | (134) |
| Decrease in accounts payable and accrued liabilities | (1,680) | (2,656) | (36) |
| (Decrease) increase in estimated liability for taxes on income | (110) | (699) | 104 |
| Increase (decrease) in other liabilities | 77 | 24 | (79) |
| Other | (251) | 162 | (315) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 6,261 | 8,805 | 11,195 |
| Cash flows from investing activities: | |||
| Capital expenditures | (2,055) | (2,410) | (3,976) |
| SPM investments | (1,031) | (953) | (740) |
| Multiclient seismic data capitalized | (630) | (486) | (321) |
| Business acquisitions and investments, net of cash acquired | (2,398) | (443) | (1,008) |
| Sale (purchase) of investments, net | 5,544 | (5,848) | 446 |
| Other | (54) | (112) | 19 |
| NET CASH USED IN INVESTING ACTIVITIES | (624) | (10,252) | (5,580) |
| Cash flows from financing activities: | |||
| Dividends paid | (2,647) | (2,419) | (1,968) |
| Proceeds from employee stock purchase plan | 231 | 296 | 295 |
| Proceeds from exercise of stock options | 184 | 152 | 530 |
| Stock repurchase program | (778) | (2,182) | (4,678) |
| Proceeds from issuance of long-term debt | 3,640 | 9,565 | 2,289 |
| Repayment of long-term debt | (5,630) | (3,771) | (2,878) |
| Net (decrease) increase in short-term borrowings | (387) | (3) | 552 |
| Other | (41) | (264) | (38) |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (5,428) | 1,374 | (5,896) |
| Cash flow (used in) provided by discontinued operations - operating activities | (233) | 24 | |
| Net increase (decrease) in cash before translation effect | 209 | (306) | (257) |
| Translation effect on cash | (73) | (31) | (85) |
| Cash, beginning of period | 2,793 | 3,130 | |
| Cash, end of period | 2,929 | 2,793 | 3,130 |
| [1] Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and SPM investments. | |||
| [2] Net of the effect of business acquisitions and divestitures. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SCHLUMBERGER LIMITED/NV | ||
Ticker: SLB Fiscal Year: 2016 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2016 10-K (Filed: Jan 25, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $ 2,929 | 2,793 |
| Short-term investments | 6,328 | 10,241 |
| Receivables less allowance for doubtful accounts (2016 - $397; 2015 - $333) | 9,387 | 8,780 |
| Inventories | 4,225 | 3,756 |
| Deferred taxes | 208 | |
| Other current assets | 1,058 | 1,134 |
| Current assets total | 23,927 | 26,912 |
| Fixed Income Investments, held to maturity | 238 | 418 |
| Investments in Affiliated Companies | 1,243 | 3,311 |
| Fixed Assets less accumulated depreciation | 12,821 | 13,415 |
| Multiclient Seismic Data | 1,073 | 1,026 |
| Goodwill | 24,990 | 15,605 |
| Intangible Assets | 9,855 | 4,569 |
| Other Assets | 3,809 | 2,749 |
| Total Assets | 77,956 | 68,005 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 10,016 | 7,727 |
| Estimated liability for taxes on income | 1,188 | 1,203 |
| Long-term debt - current portion | 1,975 | 3,011 |
| Short-term borrowings | 1,178 | 1,546 |
| Dividends payable | 702 | 634 |
| Current Liabilities Total | 15,059 | 14,121 |
| Long-term Debt | 16,463 | 14,442 |
| Postretirement Benefits | 1,495 | 1,434 |
| Deferred Taxes | 1,880 | 1,075 |
| Other Liabilities | 1,530 | 1,028 |
| Total Liabilities | 36,427 | 32,100 |
| Equity | ||
| Common stock | 12,801 | 12,693 |
| Treasury stock | (3,550) | (13,372) |
| Retained earnings | 36,470 | 40,870 |
| Accumulated other comprehensive loss | (4,643) | (4,558) |
| Schlumberger stockholders' equity | 41,078 | 35,633 |
| Noncontrolling interests | 451 | 272 |
| Total equity | 41,529 | 35,905 |
| Liabilities and stockholders equity | 77,956 | 68,005 |
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2016 | |
| 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 |