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: 2017 | |||
CONSOLIDATED STATEMENT OF INCOME (LOSS) | |||
Period Ending Dec 31, 2017 10-K (Filed: Jan 24, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenue | |||
| Services | $ 21,927 | 20,259 | 31,652 |
| Product sales | 8,513 | 7,551 | 3,823 |
| Total Revenue | 30,440 | 27,810 | 35,475 |
| Interest & other income | 224 | 200 | 236 |
| Expenses | |||
| Cost of services | 18,206 | 17,352 | 25,175 |
| Cost of sales | 8,337 | 7,057 | 3,146 |
| Research & engineering | 787 | 1,012 | 1,094 |
| General & administrative | 432 | 403 | 494 |
| Impairments & other | 3,211 | 3,172 | 2,575 |
| Merger & integration | 308 | 349 | |
| Interest | 566 | 570 | 346 |
| Income (loss) before taxes | (1,183) | (1,905) | 2,881 |
| Tax expense (benefit) | 330 | (278) | 746 |
| Net income (loss) | (1,513) | (1,627) | 2,135 |
| Net income attributable to noncontrolling interests | (8) | 60 | 63 |
| Net income (loss) attributable to Schlumberger | (1,505) | (1,687) | 2,072 |
| Basic earnings per share of Schlumberger | (1.08) | (1.24) | 1.63 |
| Diluted earnings per share of Schlumberger | (1.08) | (1.24) | 1.63 |
| Average shares outstanding: | |||
| Basic | 1,388 | 1,357 | 1,267 |
| Assuming dilution | 1,388 | 1,357 | 1,275 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2017 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Dec 31, 2017 10-K (Filed: Jan 24, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net income (loss) | $ (1,513) | (1,627) | 2,135 |
| Currency translation adjustments | |||
| Unrealized net change arising during the period | (3) | (83) | (522) |
| Marketable securities | |||
| Unrealized gain (loss) arising during the period | (8) | 21 | (50) |
| Reclassification to net income - impairment charge | 40 | ||
| Cash flow hedges | |||
| Net gain (loss) on cash flow hedges | 22 | (101) | (178) |
| Reclassification to net income (loss) of net realized loss | 121 | 235 | |
| Pension and other postretirement benefit plans | |||
| Actuarial gain (loss) | |||
| Actuarial gain (loss) arising during the period | 134 | (289) | (210) |
| Amortization to net income (loss) of net actuarial loss | 159 | 157 | 306 |
| Prior service cost | |||
| Amortization to net income (loss) of net prior service cost | 80 | 102 | 101 |
| Income taxes on pension and other postretirement benefit plans | (15) | (13) | (74) |
| Comprehensive income (loss) | (1,144) | (1,712) | 1,783 |
| Comprehensive income (loss) attributable to noncontrolling interests | (8) | 60 | 63 |
| Comprehensive income (loss) attributable to Schlumberger | (1,136) | (1,772) | 1,720 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2017 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2017 10-K (Filed: Jan 24, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ (1,513) | (1,627) | 2,135 |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Impairments and other charges | 3,764 | 3,820 | 2,575 |
| Depreciation and amortization | 3,837 [1] | 4,094 | 4,078 |
| Pension and other postretirement benefits expense | 104 | 187 | 438 |
| Stock-based compensation expense | 343 | 267 | 326 |
| Pension and other postretirement benefits funding | (133) | (174) | (346) |
| Earnings of equity method investments, less dividends received | (56) | (60) | (125) |
| Change in assets and liabilities: | |||
| (Increase) decrease in receivables | (124) [2] | 1,098 | 2,176 |
| Decrease in inventories | 108 | 800 | 625 |
| (Increase) decrease in other current assets | (174) | 308 | 76 |
| Decrease (increase) in other assets | 402 | (488) | 16 |
| Decrease in accounts payable and accrued liabilities | (737) | (1,680) | (2,656) |
| Increase (decrease) in estimated liability for taxes on income | 104 | (110) | (699) |
| (Decrease) increase in other liabilities | (28) | 77 | 24 |
| Other | (234) | (251) | 162 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 5,663 | 6,261 | 8,805 |
| Cash flows from investing activities: | |||
| Capital expenditures | (2,107) | (2,055) | (2,410) |
| SPM investments | (1,609) | (1,031) | (953) |
| Multiclient seismic data capitalized | (276) | (630) | (486) |
| Business acquisitions and investments, net of cash acquired | (847) | (2,398) | (443) |
| Sale (purchase) of investments, net | 3,277 | 5,544 | (5,848) |
| Other | (217) | (54) | (112) |
| NET CASH USED IN INVESTING ACTIVITIES | (1,779) | (624) | (10,252) |
| Cash flows from financing activities: | |||
| Dividends paid | (2,778) | (2,647) | (2,419) |
| Proceeds from employee stock purchase plan | 212 | 231 | 296 |
| Proceeds from exercise of stock options | 85 | 184 | 152 |
| Stock repurchase program | (969) | (778) | (2,182) |
| Proceeds from issuance of long-term debt | 2,371 | 3,640 | 9,565 |
| Repayment of long-term debt | (2,961) | (5,630) | (3,771) |
| Net decrease in short-term borrowings | (1,022) | (387) | (3) |
| Other | 29 | (41) | (264) |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (5,033) | (5,428) | 1,374 |
| Cash flow used in discontinued operations - operating activities | (233) | ||
| Net (decrease) increase in cash before translation effect | (1,149) | 209 | (306) |
| Translation effect on cash | 19 | (73) | (31) |
| Cash, beginning of period | 2,929 | 2,793 | |
| Cash, end of period | 1,799 | 2,929 | 2,793 |
| [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: 2017 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2017 10-K (Filed: Jan 24, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $ 1,799 | 2,929 |
| Short-term investments | 3,290 | 6,328 |
| Receivables less allowance for doubtful accounts (2017 - $241; 2016 - $397) | 8,084 | 9,387 |
| Inventories | 4,046 | 4,225 |
| Other current assets | 1,278 | 1,058 |
| Current assets total | 18,497 | 23,927 |
| Fixed Income Investments, held to maturity | 238 | |
| Investments in Affiliated Companies | 1,519 | 1,243 |
| Fixed Assets less accumulated depreciation | 11,576 | 12,821 |
| Multiclient Seismic Data | 727 | 1,073 |
| Goodwill | 25,118 | 24,990 |
| Intangible Assets | 9,354 | 9,855 |
| Other Assets | 5,196 | 3,809 |
| Total Assets | 71,987 | 77,956 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 10,036 | 10,016 |
| Estimated liability for taxes on income | 1,223 | 1,188 |
| Short-term borrowings and current portion of long-term debt | 3,324 | 3,153 |
| Dividends payable | 699 | 702 |
| Current Liabilities Total | 15,282 | 15,059 |
| Long-term Debt | 14,875 | 16,463 |
| Postretirement Benefits | 1,082 | 1,495 |
| Deferred Taxes | 1,650 | 1,880 |
| Other Liabilities | 1,837 | 1,530 |
| Total Liabilities | 34,726 | 36,427 |
| Equity | ||
| Common stock | 12,975 | 12,801 |
| Treasury stock | (4,049) | (3,550) |
| Retained earnings | 32,190 | 36,470 |
| Accumulated other comprehensive loss | (4,274) | (4,643) |
| Schlumberger stockholders' equity | 36,842 | 41,078 |
| Noncontrolling interests | 419 | 451 |
| Total equity | 37,261 | 41,529 |
| Liabilities and stockholders equity | 71,987 | 77,956 |
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2017 | |
| 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 |