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: 2014 | |||
CONSOLIDATED STATEMENT OF INCOME | |||
Period Ending Dec 31, 2014 10-K (Filed: Jan 29, 2015) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenue | $ 48,580 | 45,266 | 41,731 |
| Interest and other income | 291 | 165 | 172 |
| Gain on formation of OneSubsea | 1,028 | ||
| Expenses | |||
| Cost of revenue | 37,398 | 35,331 | 32,885 |
| Research & engineering | 1,217 | 1,174 | 1,153 |
| General & administrative | 475 | 416 | 405 |
| Merger & integration | 128 | ||
| Impairments & other | 1,773 | 456 | 33 |
| Interest | 369 | 391 | 340 |
| Income from continuing operations before taxes | 7,639 | 8,691 | 6,959 |
| Taxes on income | 1,928 | 1,848 | 1,700 |
| Income from continuing operations | 5,711 | 6,843 | 5,259 |
| Income (loss) from discontinued operations | (205) | (69) | 260 |
| Net income | 5,506 | 6,774 | 5,519 |
| Net income attributable to noncontrolling interests | 68 | 42 | 29 |
| Net income attributable to Schlumberger | 5,438 | 6,732 | 5,490 |
| Schlumberger amounts attributable to: | |||
| Income from continuing operations | 5,643 | 6,801 | 5,230 |
| Income (loss) from discontinued operations | (205) | (69) | 260 |
| Net income attributable to Schlumberger | 5,438 | 6,732 | 5,490 |
| Basic earnings per share of Schlumberger: | |||
| Income from continuing operations | 4.36 | 5.14 | 3.93 |
| Income (loss) from discontinued operations | (0.16) | (0.05) | 0.20 |
| Net income | 4.20 | 5.09 | 4.13 |
| Diluted earnings per share of Schlumberger: | |||
| Income from continuing operations | 4.31 | 5.10 | 3.91 |
| Income (loss) from discontinued operations | (0.16) | (0.05) | 0.19 |
| Net income | 4.16 [1] | 5.05 | 4.10 |
| Average shares outstanding: | |||
| Basic | 1,295 | 1,323 | 1,330 |
| Assuming dilution | 1,308 | 1,333 | 1,339 |
| [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: 2014 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2014 10-K (Filed: Jan 29, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net income | $ 5,506 | 6,774 | 5,519 |
| Currency translation adjustments | |||
| Unrealized net change arising during the period | (463) | (151) | 76 |
| Marketable securities | |||
| Unrealized gain (loss) arising during the period | (166) | 35 | 141 |
| Cash flow hedges | |||
| Net gain (loss) on cash flow hedges | (238) | 49 | 92 |
| Reclassification to net income of net realized (gain) loss | 113 | (50) | (36) |
| Pension and other postretirement benefit plans | |||
| Actuarial gain (loss) | |||
| Actuarial gain (loss) arising during the period | (1,285) | 1,328 | (1,016) |
| Amortization to net income of net actuarial loss | 177 | 300 | 187 |
| Prior service cost | |||
| Amortization to net income of net prior service cost | 128 | 125 | 125 |
| Income taxes on pension and other postretirement benefit plans | 82 | (302) | 100 |
| Comprehensive income | 3,854 | 8,108 | 5,188 |
| Comprehensive income attributable to noncontrolling interests | 68 | 42 | 29 |
| Comprehensive income attributable to Schlumberger | 3,786 | 8,066 | 5,159 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2014 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2014 10-K (Filed: Jan 29, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flows from operating activities: | |||
| Net Income | $ 5,506 | 6,774 | 5,519 |
| Add: Loss (income) from discontinued operations | 205 | 69 | (260) |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Gain on formation of OneSubsea | (1,028) | ||
| Impairments and other charges | 1,773 | 608 | |
| Depreciation and amortization | 4,094 [1] | 3,879 | 3,647 |
| Pension and other postretirement benefits expense | 355 | 518 | 403 |
| Stock-based compensation expense | 329 | 315 | 335 |
| Pension and other postretirement benefits funding | (390) | (538) | (673) |
| Earnings of equity method investments, less dividends received | (113) | (71) | (61) |
| Change in operating assets and liabilities: | |||
| Increase in receivables | (187) [2] | (803) | (2,051) |
| (Increase) decrease in inventories | (36) | 188 | (645) |
| Decrease (increase) in other current assets | 119 | 17 | (350) |
| Increase in other assets | (134) | (78) | (28) |
| (Decrease) increase in accounts payable and accrued liabilities | (36) | 654 | 876 |
| Increase in estimated liability for taxes on income | 104 | 34 | 125 |
| (Decrease) increase in other liabilities | (79) | 60 | 1 |
| Other | (315) | 92 | 77 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 11,195 | 10,690 | 6,915 |
| Cash flows from investing activities: | |||
| Capital expenditures | (3,976) | (3,943) | (4,694) |
| SPM investments | (740) | (902) | (372) |
| Multiclient seismic data capitalized | (321) | (394) | (351) |
| Business acquisitions and investments, net of cash acquired | (1,008) | (1,210) | (845) |
| Sale (purchase) of investments, net | 446 | (648) | (1,228) |
| Other | 19 | 218 | (55) |
| NET CASH USED IN INVESTING ACTIVITIES | (5,580) | (6,879) | (7,545) |
| Cash flows from financing activities: | |||
| Dividends paid | (1,968) | (1,608) | (1,432) |
| Proceeds from employee stock purchase plan | 295 | 270 | 247 |
| Proceeds from exercise of stock options | 530 | 267 | 163 |
| Stock repurchase program | (4,678) | (2,596) | (972) |
| Proceeds from issuance of long-term debt | 2,289 | 4,554 | 2,832 |
| Repayment of long-term debt | (2,878) | (3,141) | (1,817) |
| Net increase in short-term borrowings | 552 | 37 | 621 |
| Other | (38) | 18 | 19 |
| NET CASH USED IN FINANCING ACTIVITIES | (5,896) | (2,199) | (339) |
| Cash flow provided by (used in) discontinued operations - operating activities | 24 | (2) | 145 |
| Cash flow (used in) provided by discontinued operations - investing activities | (28) | 1,011 | |
| Cash flow provided by (used in) discontinued operations | 24 | (30) | 1,156 |
| Net (decrease) increase in cash before translation effect | (257) | 1,582 | 187 |
| Translation effect on cash | (85) | (15) | 13 |
| Cash, beginning of year | 3,472 | 1,905 | |
| Cash, end of year | 3,130 | 3,472 | 1,905 |
| [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: 2014 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2014 10-K (Filed: Jan 29, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $ 3,130 | 3,472 |
| Short-term investments | 4,371 | 4,898 |
| Receivables less allowance for doubtful accounts (2014 - $275; 2013 - $384) | 11,171 | 11,497 |
| Inventories | 4,628 | 4,603 |
| Deferred taxes | 144 | 288 |
| Other current assets | 1,250 | 1,467 |
| Current assets total | 24,694 | 26,225 |
| Fixed Income Investments, held to maturity | 442 | 363 |
| Investments in Affiliated Companies | 3,235 | 3,317 |
| Fixed Assets less accumulated depreciation | 15,396 | 15,096 |
| Multiclient Seismic Data | 793 | 667 |
| Goodwill | 15,487 | 14,706 |
| Intangible Assets | 4,654 | 4,709 |
| Other Assets | 2,203 | 2,017 |
| Total Assets | 66,904 | 67,100 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 9,246 | 8,837 |
| Estimated liability for taxes on income | 1,647 | 1,490 |
| Long-term debt - current portion | 1,244 | 1,819 |
| Short-term borrowings | 1,521 | 964 |
| Dividends payable | 518 | 415 |
| Current Liabilities Total | 14,176 | 13,525 |
| Long-term Debt | 10,565 | 10,393 |
| Postretirement Benefits | 1,501 | 670 |
| Deferred Taxes | 1,296 | 1,708 |
| Other Liabilities | 1,317 | 1,169 |
| Total Liabilities | 28,855 | 27,465 |
| Equity | ||
| Common stock | 12,495 | 12,192 |
| Treasury stock | (11,772) | (8,135) |
| Retained earnings | 41,333 | 37,966 |
| Accumulated other comprehensive loss | (4,206) | (2,554) |
| Schlumberger stockholders equity | 37,850 | 39,469 |
| Noncontrolling interests | 199 | 166 |
| Total equity | 38,049 | 39,635 |
| Liabilities and stockholders equity | 66,904 | 67,100 |
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2014 | |
| 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 |