10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2010 | |||
CONSOLIDATED STATEMENT OF INCOME | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 4, 2011) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenue | $ 27,447 | 22,702 | 27,163 |
| Interest and other income, net | 214 | 273 | 412 |
| Gain on investment in M-I SWACO | 1,270 | ||
| Expenses | |||
| Cost of revenue | 21,499 | 17,245 | 18,957 |
| Research & engineering | 919 | 802 | 819 |
| General & administrative | 650 | 535 | 584 |
| Merger & integration | 169 | ||
| Restructuring & other | 331 | 238 | 116 |
| Interest | 207 | 221 | 247 |
| Income from Continuing Operations before taxes | 5,156 | 3,934 | 6,852 |
| Taxes on income | 890 | 770 | 1,430 |
| Income from Continuing Operations | 4,266 | 3,164 | 5,422 |
| Income (Loss) from Discontinued Operations | (22) | 38 | |
| Net Income | 4,266 | 3,142 | 5,460 |
| Net income attributable to noncontrolling interests | 1 | (8) | (25) |
| Net Income attributable to Schlumberger | 4,267 | 3,134 | 5,435 |
| Schlumberger amounts attributable to: | |||
| Income from Continuing Operations | 4,267 | 3,156 | 5,397 |
| Income (Loss) from Discontinued Operations | (22) | 38 | |
| Net Income | 4,267 | 3,134 | 5,435 |
| Basic earnings per share of Schlumberger: | |||
| Income from Continuing Operations | 3.41 | 2.63 | 4.51 |
| Income (Loss) from Discontinued Operations | (0.02) | 0.03 | |
| Net Income | 3.41 | 2.62 | 4.54 [1] |
| Diluted earnings per share of Schlumberger: | |||
| Income from Continuing Operations | 3.38 | 2.61 | 4.42 |
| Income (Loss) from Discontinued Operations | (0.02) | 0.03 | |
| Net Income | 3.38 | 2.59 | 4.45 |
| Average shares outstanding | |||
| Basic | 1,250 | 1,198 | 1,196 |
| Assuming dilution | 1,263 | 1,214 | 1,224 |
| [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: 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. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SCHLUMBERGER LIMITED/NV | ||
Ticker: SLB Fiscal Year: 2010 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 4, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $ 1,764 | 617 |
| Short-term investments | 3,226 | 3,999 |
| Receivables less allowance for doubtful accounts (2010-$185; 2009-$160) | 8,278 | 6,088 |
| Inventories | 3,804 | 1,866 |
| Deferred taxes | 51 | 154 |
| Other current assets | 975 | 926 |
| Assets, Current, Total | 18,098 | 13,650 |
| Fixed Income Investments, held to maturity | 484 | 738 |
| Investments in Affiliated Companies | 1,071 | 2,306 |
| Fixed Assets less accumulated depreciation | 12,071 | 9,660 |
| Multiclient Seismic Data | 394 | 288 |
| Goodwill | 13,952 | 5,305 |
| Intangible Assets | 5,162 | 786 |
| Deferred Taxes | 376 | |
| Other Assets | 535 | 356 |
| Assets, Total | 51,767 | 33,465 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 6,488 | 5,003 |
| Estimated liability for taxes on income | 1,493 | 878 |
| Long-term debt-current portion | 2,214 | 444 |
| Short-term borrowings | 381 | 360 |
| Dividend payable | 289 | 253 |
| Convertible debentures | 321 | |
| Liabilities, Current, Total | 10,865 | 7,259 |
| Long-term Debt | 5,517 | 4,355 |
| Postretirement Benefits | 1,262 | 1,660 |
| Deferred Taxes | 1,636 | |
| Other Liabilities | 1,043 | 962 |
| Liabilities, Total | 20,323 | 14,236 |
| Equity | ||
| Common stock | 11,920 | 4,777 |
| Treasury stock | (3,136) | (5,002) |
| Retained earnings | 25,210 | 22,019 |
| Accumulated other comprehensive loss | (2,768) | (2,674) |
| Schlumberger stockholders' equity | 31,226 | 19,120 |
| Noncontrolling interests | 218 | 109 |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Total | 31,444 | 19,229 |
| Liabilities and Stockholders' Equity, Total | 51,767 | 33,465 |
| 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 |