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: 2018 | |||
CONSOLIDATED STATEMENT OF INCOME (LOSS) | |||
Period Ending Dec 31, 2018 10-K (Filed: Jan 23, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenue | |||
| Total Revenue | $ 32,815 | 30,440 | 27,810 |
| Interest & other income | 149 | 224 | 200 |
| Gain on sale of business | 215 | ||
| Expenses | |||
| Research & engineering | 702 | 787 | 1,012 |
| General & administrative | 444 | 432 | 403 |
| Impairments & other | 356 | 3,211 | 3,172 |
| Merger & integration | 308 | 349 | |
| Interest | 575 | 566 | 570 |
| Income (loss) before taxes | 2,624 | (1,183) | (1,905) |
| Tax expense (benefit) | 447 | 330 | (278) |
| Net income (loss) | 2,177 | (1,513) | (1,627) |
| Net income (loss) attributable to noncontrolling interests | 39 | (8) | 60 |
| Net income (loss) attributable to Schlumberger | 2,138 | (1,505) | (1,687) |
| Basic earnings (loss) per share of Schlumberger | 1.54 | (1.08) | (1.24) |
| Diluted earnings (loss) per share of Schlumberger | 1.53 | (1.08) | (1.24) |
| Average shares outstanding: | |||
| Basic | 1,385 | 1,388 | 1,357 |
| Assuming dilution | 1,393 | 1,388 | 1,357 |
| Product and Service | |||
| Services | |||
| Total Revenue | 24,296 | 21,927 | 20,259 |
| Cost of services and sales | 20,618 | 18,206 | 17,352 |
| Product | |||
| Total Revenue | 8,519 | 8,513 | 7,551 |
| Cost of services and sales | 7,860 | 8,337 | 7,057 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2018 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Dec 31, 2018 10-K (Filed: Jan 23, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net income (loss) | $ 2,177 | (1,513) | (1,627) |
| Currency translation adjustments | |||
| Net change arising during the period | (191) | (3) | (83) |
| Marketable securities | |||
| Unrealized gain (loss) arising during the period | (11) | (8) | 21 |
| Cash flow hedges | |||
| Net gain (loss) on cash flow hedges | (16) | 22 | (101) |
| Reclassification to net income (loss) of net realized loss | 1 | 121 | |
| Pension and other postretirement benefit plans | |||
| Actuarial gain (loss) arising during the period | (186) | 134 | (289) |
| Amortization to net income (loss) of net actuarial loss | 187 | 159 | 157 |
| Amortization to net income (loss) of net prior service cost | (5) | 80 | 102 |
| Income taxes on pension and other postretirement benefit plans | (18) | (15) | (13) |
| Comprehensive income (loss) | 1,938 | (1,144) | (1,712) |
| Comprehensive income (loss) attributable to noncontrolling interests | 39 | (8) | 60 |
| Comprehensive income (loss) attributable to Schlumberger | 1,899 | (1,136) | (1,772) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2018 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2018 10-K (Filed: Jan 23, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ 2,177 | (1,513) | (1,627) |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Impairments and other charges | 356 | 3,764 | 3,820 |
| Gain on sale of WesternGeco marine seismic acquisition business | (215) | ||
| Depreciation and amortization | 3,556 [1] | 3,837 | 4,094 |
| Pension and other postretirement benefits expense | 30 | 104 | 187 |
| Stock-based compensation expense | 345 | 343 | 267 |
| Pension and other postretirement benefits funding | (83) | (133) | (174) |
| Earnings of equity method investments, less dividends received | (48) | (56) | (60) |
| Change in assets and liabilities: | |||
| Decrease (increase) in receivables | 430 [2] | (124) | 1,098 |
| (Increase) decrease in inventories | (10) | 108 | 800 |
| Decrease (increase) in other current assets | 121 | (174) | 308 |
| (Increase) decrease in other assets | (58) | 402 | (488) |
| Decrease in accounts payable and accrued liabilities | (824) | (737) | (1,680) |
| (Decrease) increase in estimated liability for taxes on income | (159) | 104 | (110) |
| Increase (decrease) in other liabilities | 69 | (28) | 77 |
| Other | 26 | (234) | (251) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 5,713 | 5,663 | 6,261 |
| Cash flows from investing activities: | |||
| Capital expenditures | (2,160) | (2,107) | (2,055) |
| SPM investments | (981) | (1,609) | (1,031) |
| Multiclient seismic data capitalized | (100) | (276) | (630) |
| Business acquisitions and investments, net of cash acquired | (292) | (847) | (2,398) |
| Proceeds from sale of WesternGeco marine seismic business, net of cash divested | 579 | ||
| Sale of investments, net | 1,943 | 3,277 | 5,544 |
| Other | (29) | (217) | (54) |
| NET CASH USED IN INVESTING ACTIVITIES | (1,040) | (1,779) | (624) |
| Cash flows from financing activities: | |||
| Dividends paid | (2,770) | (2,778) | (2,647) |
| Proceeds from employee stock purchase plan | 227 | 212 | 231 |
| Proceeds from exercise of stock options | 34 | 85 | 184 |
| Stock repurchase program | (400) | (969) | (778) |
| Proceeds from issuance of long-term debt | 898 | 2,371 | 3,640 |
| Repayment of long-term debt | (2,861) | (2,961) | (5,630) |
| Net decrease in short-term borrowings | (85) | (1,022) | (387) |
| Other | (63) | 29 | (41) |
| NET CASH USED IN FINANCING ACTIVITIES | (5,020) | (5,033) | (5,428) |
| Net (decrease) increase in cash before translation effect | (347) | (1,149) | 209 |
| Translation effect on cash | (19) | 19 | (73) |
| Cash, beginning of period | 1,799 | 2,929 | |
| Cash, end of period | 1,433 | 1,799 | 2,929 |
| [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: 2018 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2018 10-K (Filed: Jan 23, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $ 1,433 | 1,799 |
| Short-term investments | 1,344 | 3,290 |
| Receivables less allowance for doubtful accounts (2018 - $249; 2017 - $241) | 7,881 | 8,084 |
| Inventories | 4,010 | 4,046 |
| Other current assets | 1,063 | 1,278 |
| Current assets total | 15,731 | 18,497 |
| Investments in Affiliated Companies | 1,538 | 1,519 |
| Fixed Assets less accumulated depreciation | 11,679 | 11,576 |
| Multiclient Seismic Data | 601 | 727 |
| Goodwill | 24,931 | 25,118 |
| Intangible Assets | 8,727 | 9,354 |
| Other Assets | 7,300 | 5,196 |
| Total Assets | 70,507 | 71,987 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 10,223 | 10,036 |
| Estimated liability for taxes on income | 1,155 | 1,223 |
| Short-term borrowings and current portion of long-term debt | 1,407 | 3,324 |
| Dividends payable | 701 | 699 |
| Current Liabilities Total | 13,486 | 15,282 |
| Long-term Debt | 14,644 | 14,875 |
| Postretirement Benefits | 1,153 | 1,082 |
| Deferred Taxes | 1,441 | 1,650 |
| Other Liabilities | 3,197 | 1,837 |
| Total Liabilities | 33,921 | 34,726 |
| Equity | ||
| Common stock | 13,132 | 12,975 |
| Treasury stock | (4,006) | (4,049) |
| Retained earnings | 31,658 | 32,190 |
| Accumulated other comprehensive loss | (4,622) | (4,274) |
| Schlumberger stockholders' equity | 36,162 | 36,842 |
| Noncontrolling interests | 424 | 419 |
| Total equity | 36,586 | 37,261 |
| Liabilities and stockholders equity | 70,507 | 71,987 |
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2018 | |
| 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 |