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: 2011 | |||
CONSOLIDATED STATEMENT OF INCOME | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 1, 2012) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenue | |||
| Revenue | $ 39,540 | 27,447 | 22,702 |
| Interest and other income, net | 129 | 214 | 273 |
| Gain on investment in M-I SWACO | 1,270 | ||
| Expense | |||
| Cost of revenue | |||
| Research & engineering | 1,073 | 919 | 802 |
| General & administrative | 427 | 311 | 261 |
| Merger & integration | 115 | 164 | |
| Restructuring & other | 331 | 238 | |
| Interest | 298 | 207 | 221 |
| Income from continuing operations before taxes | 6,338 | 5,156 | 3,934 |
| Taxes on income | 1,545 | 890 | 770 |
| Income from continuing operations | 4,793 | 4,266 | 3,164 |
| Income (loss) from discontinued Operations | 220 | (22) | |
| Net income | 5,013 | 4,266 | 3,142 |
| Net income (loss) attributable to noncontrolling interests | 16 | (1) | 8 |
| Net Income attributable to Schlumberger | 4,997 | 4,267 | 3,134 |
| Schlumberger amounts attributable to: | |||
| Income from continuing operations | 4,777 | 4,267 | 3,156 |
| Income (loss) from discontinued Operations | 220 | (22) | |
| Net income | 4,997 | 4,267 | 3,134 |
| Basic earnings per share of Schlumberger: | |||
| Income from continuing operations | 3.54 | 3.41 | 2.63 |
| Income (loss) from discontinued operations | 0.16 | (0.02) | |
| Net income | 3.70 | 3.41 | 2.62 [1] |
| Diluted earnings per share of Schlumberger: | |||
| Income from continuing operations | 3.51 | 3.38 | 2.61 |
| Income (loss) from discontinued operations | 0.16 | (0.02) | |
| Net income | 3.67 | 3.38 | 2.59 |
| Average shares outstanding: | |||
| Basic | 1,349 | 1,250 | 1,198 |
| Assuming dilution | 1,361 | 1,263 | 1,214 |
| Statement, Business Segments | |||
| Oilfield Services | |||
| Revenue | 36,959 | 26,673 | 22,702 |
| Cost of revenue | 28,940 | 21,098 | 17,519 |
| Distribution | |||
| Revenue | 2,581 | 774 | |
| Cost of revenue | 2,478 | 745 | |
| [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: 2011 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 1, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Net income | $ 5,013 | 4,266 | 3,142 |
| Currency translation adjustments | |||
| Unrealized net change arising during the period | (82) | (26) | 18 |
| Derivatives | |||
| Net derivatives (loss) gain on hedge transactions | (79) | (269) | 223 |
| Reclassification to net income of net realized (loss) gain | 8 | 274 | (80) |
| Pension and other postretirement benefit plans | |||
| Actuarial loss | |||
| Actuarial loss arising during the period | (1,008) | (117) | (237) |
| Amortization to net income of net actuarial loss | 121 | 90 | 32 |
| Prior service cost | |||
| Prior service cost (gain) arising during the period | 1 | (162) | 27 |
| Curtailment | 96 | ||
| Amortization to net income of net prior service cost | 133 | 96 | 97 |
| Income taxes on pension and other postretirement benefit plans | 117 | 20 | 52 |
| Comprehensive income | 4,224 | 4,172 | 3,370 |
| Comprehensive income (loss) attributable to noncontrolling interests | 16 | (1) | 9 |
| Comprehensive income attributable to Schlumberger | 4,208 | 4,173 | 3,361 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2011 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 1, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash flows from operating activities: | |||
| Net income | $ 5,013 | 4,266 | 3,142 |
| (Income) loss from discontinued operations | (220) | 22 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and Amortization | 3,281 | 2,759 | 2,476 [1] |
| Gain on investment in M-I SWACO | (1,270) | ||
| Earnings of companies carried at equity, less dividends received | (64) | (85) | (103) |
| Deferred income taxes | (35) | (109) | 373 |
| Share-based Compensation | 272 | 198 | 186 |
| Pension and other postretirement benefits expense | 365 | 299 | 306 |
| Pension and other postretirement benefits curtailment charge | 136 | ||
| Other non-cash items | 203 | 327 | 162 |
| Pension and other postretirement benefits funding | (601) | (868) | (1,149) |
| Change in operating assets and liabilities: | |||
| (Increase) decrease in receivables | (1,310) | (289) | 155 |
| (Increase) decrease in inventories | (991) | (67) | 64 |
| (Increase) decrease in other current assets | (99) | 136 | 9 |
| Increase (decrease) in accounts payable and accrued liabilities | 708 | (103) | (293) [2] |
| (Decrease) increase in estimated liability for taxes on income | (544) | 480 | (361) |
| (Decrease) increase in other liabilities | 168 | (89) | 43 |
| Other-net | 23 | (91) | 143 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 6,169 | 5,494 | 5,311 |
| Cash flows from investing activities: | |||
| Capital expenditures | (4,016) | (2,914) | (2,395) |
| Multiclient seismic data capitalized | (289) | (326) | (230) |
| Cash acquired in merger with Smith International, Inc. | 399 | 0 | |
| Acquisition of Geoservices, net of cash acquired | (889) | 0 | |
| Other business acquisitions and investments, net of cash acquired | (186) | (212) | (514) |
| Sale (purchase) of investments, net | 351 | 1,023 | (1,159) |
| Other | 230 | (19) | 228 |
| NET CASH USED IN INVESTING ACTIVITIES | (3,910) | (2,938) | (4,070) |
| Cash flows from financing activities: | |||
| Dividends paid | (1,300) | (1,040) | (1,006) |
| Proceeds from employee stock purchase plan | 208 | 179 | 96 |
| Proceeds from exercise of stock options | 230 | 222 | 110 |
| Tax benefit on stock options | 15 | 14 | 4 |
| Stock repurchase program | (2,998) | (1,717) | (500) |
| Proceeds from issuance of long-term debt | 6,884 | 2,815 | 1,973 |
| Repayment of long-term debt | (4,992) | (1,814) | (1,754) |
| Net decrease in short-term borrowings | (119) | (68) | (111) |
| Other | (628) | ||
| NET CASH USED IN FINANCING ACTIVITIES | (2,700) | (1,409) | (1,188) |
| Cash flow from discontinued operations - operating activities | (45) | ||
| Cash flows from discontinued operations - investing activities | 385 | ||
| Cash flow from discontinued operations | 385 | (45) | |
| Net (decrease) increase in cash before translation effect | (56) | 1,147 | 8 |
| Translation effect on cash | (3) | ||
| Cash, beginning of period | 1,764 | 617 | |
| Cash, end of period | 1,705 | 1,764 | 617 |
| [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: 2011 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 1, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $ 1,705 | 1,764 |
| Short-term investments | 3,122 | 3,226 |
| Receivables less allowance for doubtful accounts (2011 - $177; 2010 - $185) | 9,500 | 8,278 |
| Inventories | 4,700 | 3,804 |
| Deferred taxes | 456 | 51 |
| Other current assets | 1,056 | 975 |
| Current Assets Total | 20,539 | 18,098 |
| Fixed Income Investments, held to maturity | 256 | 484 |
| Investments in Affiliated Companies | 1,266 | 1,071 |
| Fixed Assets Less Accumulated Depreciation | 12,993 | 12,071 |
| Multiclient Seismic Data | 425 | 394 |
| Goodwill | 14,154 | 13,952 |
| Intangible Assets | 4,882 | 5,162 |
| Other Assets | 686 | 535 |
| Total Assets | 55,201 | 51,767 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 7,579 | 6,488 |
| Estimated liability for taxes on income | 1,245 | 1,493 |
| Long-term debt - current portion | 1,041 | 2,214 |
| Short-term borrowings | 336 | 381 |
| Dividends payable | 337 | 289 |
| Current Liabilities Total | 10,538 | 10,865 |
| Long-term Debt | 8,556 | 5,517 |
| Postretirement Benefits | 1,732 | 1,262 |
| Deferred Taxes | 1,731 | 1,636 |
| Other Liabilities | 1,252 | 1,043 |
| Total Liabilities | 23,809 | 20,323 |
| Equity | ||
| Common stock | 11,639 | 11,920 |
| Treasury stock | (5,679) | (3,136) |
| Retained earnings | 28,860 | 25,210 |
| Accumulated other comprehensive loss | (3,557) | (2,768) |
| Schlumberger stockholders' equity | 31,263 | 31,226 |
| Noncontrolling interests | 129 | 218 |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Total | 31,392 | 31,444 |
| Liabilities and stockholders' equity, Total | 55,201 | 51,767 |
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2011 | |
| 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 |