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: 2010 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 4, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash flows from operating activities: | |||
| Net Income | $ 4,266 | 3,142 | 5,460 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,759 | 2,476 [1] | 2,269 |
| Gain on investment in M-I SWACO | (1,270) | ||
| Earnings of companies carried at equity, less dividends received | (85) | (103) | (235) |
| Deferred income taxes | (109) | 373 | (6) |
| Stock-based compensation expense | 198 | 186 | 172 |
| Other non-cash items | 327 | 162 | 128 |
| Pension and other postretirement benefits expense | 299 | 306 | 127 |
| Pension and other postretirement benefits curtailment charge | 136 | ||
| Pension and other postretirement benefits funding | (868) | (1,149) | (318) |
| Change in operating assets and liabilities: | |||
| (Increase) decrease in receivables | (289) | 155 | (944) |
| (Increase) decrease in inventories | (67) | 64 | (299) |
| Decrease (increase) in other current assets | 136 | 9 [2] | (198) |
| (Decrease) increase in accounts payable and accrued liabilities | (103) | (293) | 683 |
| Increase (decrease) in estimated liability for taxes on income | 480 | (361) | (94) |
| (Decrease) increase in other liabilities | (89) | 43 | 97 |
| Other--net | (91) | 165 | 57 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 5,494 | 5,311 | 6,899 |
| Cash flows from investing activities: | |||
| Capital expenditures | (2,914) | (2,395) | (3,723) |
| Multiclient seismic data capitalized | (326) | (230) | (345) |
| Cash acquired in merger with Smith International, Inc. | 399 | ||
| Acquisition of Eastern Echo, net of cash acquired | 889 | ||
| Other business acquisitions and investments, net of cash acquired | (212) | (514) | (345) |
| Sale (purchase) of investments, net | 1,023 | (1,159) | (604) |
| Other | (19) | 228 | (132) |
| NET CASH USED IN INVESTING ACTIVITIES | (2,938) | (4,070) | (5,149) |
| Cash flows from financing activities: | |||
| Dividends paid | (1,040) | (1,006) | (964) |
| Proceeds from employee stock purchase plan | 179 | 96 | 177 |
| Proceeds from exercise of stock options | 222 | 110 | 174 |
| Tax benefits on stock options | 14 | 4 | 137 |
| Stock repurchase program | (1,717) | (500) | (1,819) |
| Proceeds from issuance of long-term debt | 2,815 | 1,973 | 1,281 |
| Repayment of long-term debt | (1,814) | (1,754) | (601) |
| Net (decrease) increase in short-term borrowings | (68) | (111) | (210) |
| NET CASH USED IN FINANCING ACTIVITIES | (1,409) | (1,188) | (1,825) |
| Cash flow from discontinued operations - operating activities | (45) | 63 | |
| Net increase (decrease) in cash before translation effect | 1,147 | 8 | (12) |
| Translation effect on cash | (2) | ||
| Cash, beginning of period | 617 | 609 | |
| Cash, end of period | 1,764 | 617 | 609 |
| [1] Includes multiclient seismic data costs. | |||
| [2] Net of the effect of business acquisitions. | |||
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2010 | |
| 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 |