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: 2019 | |||
CONSOLIDATED STATEMENT OF INCOME (LOSS) | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 22, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenue | |||
| Total Revenue | $ 32,917 | 32,815 | 30,440 |
| Interest & other income | 86 | 149 | 224 |
| Gain on sale of business | 215 | ||
| Gain on formation of Sensia joint venture | 247 | ||
| Expenses | |||
| Research & engineering | 717 | 702 | 787 |
| General & administrative | 474 | 444 | 432 |
| Impairments & other | 13,148 | 356 | 3,211 |
| Merger & integration | 308 | ||
| Interest | 609 | 575 | 566 |
| Income (loss) before taxes | (10,418) | 2,624 | (1,183) |
| Tax expense (benefit) | (311) | 447 | 330 |
| Net income (loss) | (10,107) | 2,177 | (1,513) |
| Net income (loss) attributable to noncontrolling interests | 30 | 39 | (8) |
| Net income (loss) attributable to Schlumberger | (10,137) | 2,138 | (1,505) |
| Basic earnings (loss) per share of Schlumberger | (7.32) | 1.54 | (1.08) |
| Diluted earnings (loss) per share of Schlumberger | (7.32) | 1.53 | (1.08) |
| Average shares outstanding: | |||
| Basic | 1,385 | 1,385 | 1,388 |
| Assuming dilution | 1,385 | 1,393 | 1,388 |
| Product and Service | |||
| Services | |||
| Total Revenue | 24,358 | 24,296 | 21,927 |
| Cost of services and sales | 20,828 | 20,618 | 18,206 |
| Product | |||
| Total Revenue | 8,559 | 8,519 | 8,513 |
| Cost of services and sales | 7,892 | 7,860 | 8,337 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2019 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 22, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net income (loss) | $ (10,107) | 2,177 | (1,513) |
| Currency translation adjustments | |||
| Net change arising during the period | 67 | (191) | (3) |
| Marketable securities | |||
| Unrealized loss arising during the period | (11) | (8) | |
| Cash flow hedges | |||
| Net gain (loss) on cash flow hedges | (32) | (16) | 22 |
| Reclassification to net income (loss) of net realized loss | 10 | 1 | |
| Pension and other postretirement benefit plans | |||
| Actuarial gain (loss) arising during the period | 127 | (186) | 134 |
| Amortization to net income (loss) of net actuarial loss | 94 | 187 | 159 |
| Amortization to net income (loss) of net prior service (credit) cost | (11) | (5) | 80 |
| Income taxes on pension and other postretirement benefit plans | (71) | (18) | (15) |
| Comprehensive income (loss) | (9,923) | 1,938 | (1,144) |
| Comprehensive income (loss) attributable to noncontrolling interests | 30 | 39 | (8) |
| Comprehensive income (loss) attributable to Schlumberger | (9,953) | 1,899 | (1,136) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2019 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 22, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ (10,107) | 2,177 | (1,513) |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Impairments and other charges | 13,148 | 356 | 3,764 |
| Gain on formation of Sensia joint venture | (247) | ||
| Gain on sale of WesternGeco marine seismic acquisition business | (215) | ||
| Depreciation and amortization | 3,589 [1] | 3,556 | 3,837 |
| Deferred taxes | (1,011) | (245) | (260) |
| Stock-based compensation expense | 405 | 345 | 343 |
| Pension and other postretirement benefits funding | (25) | (83) | (133) |
| Earnings of equity method investments, less dividends received | 6 | (48) | (56) |
| Change in assets and liabilities: | |||
| Decrease (increase) in receivables | 142 [2] | 430 | (124) |
| (Increase) decrease in inventories | (314) | (10) | 108 |
| (Increase) decrease in other current assets | (68) | 121 | (174) |
| Decrease (increase) in other assets | 22 | (58) | 402 |
| Decrease in accounts payable and accrued liabilities | (161) | (824) | (737) |
| (Decrease) increase in estimated liability for taxes on income | 6 | (103) | 115 |
| (Decrease) increase in other liabilities | (52) | 69 | (28) |
| Other | 98 | 245 | 119 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 5,431 | 5,713 | 5,663 |
| Cash flows from investing activities: | |||
| Capital expenditures | (1,724) | (2,160) | (2,107) |
| APS investments | (781) | (981) | (1,609) |
| Multiclient seismic data capitalized | (231) | (100) | (276) |
| Business acquisitions and investments, net of cash acquired | (23) | (292) | (847) |
| Net proceeds from divestiture and formation of Sensia joint venture | 586 | ||
| Proceeds from sale of WesternGeco marine seismic business, net of cash divested | 579 | ||
| Sale of investments, net | 317 | 1,943 | 3,277 |
| Other | (155) | (29) | (217) |
| NET CASH USED IN INVESTING ACTIVITIES | (2,011) | (1,040) | (1,779) |
| Cash flows from financing activities: | |||
| Dividends paid | (2,769) | (2,770) | (2,778) |
| Proceeds from employee stock purchase plan | 196 | 227 | 212 |
| Proceeds from exercise of stock options | 23 | 34 | 85 |
| Stock repurchase program | (278) | (400) | (969) |
| Proceeds from issuance of long-term debt | 4,004 | 898 | 2,371 |
| Repayment of long-term debt | (4,799) | (2,861) | (2,961) |
| Net decrease in short-term borrowings | (44) | (85) | (1,022) |
| Other | (51) | (63) | 29 |
| NET CASH USED IN FINANCING ACTIVITIES | (3,718) | (5,020) | (5,033) |
| Net decrease in cash before translation effect | (298) | (347) | (1,149) |
| Translation effect on cash | 2 | (19) | 19 |
| Cash, beginning of period | 1,433 | 1,799 | |
| Cash, end of period | 1,137 | 1,433 | 1,799 |
| [1] Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and APS 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: 2019 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2019 10-K (Filed: Jan 22, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $ 1,137 | 1,433 |
| Short-term investments | 1,030 | 1,344 |
| Receivables less allowance for doubtful accounts (2019 - $255; 2018 - $249) | 7,747 | 7,881 |
| Inventories | 4,130 | 4,010 |
| Other current assets | 1,486 | 1,063 |
| Current assets total | 15,530 | 15,731 |
| Investments in Affiliated Companies | 1,565 | 1,538 |
| Fixed Assets less accumulated depreciation | 9,270 | 11,679 |
| Multiclient Seismic Data | 568 | 601 |
| Goodwill | 16,042 | 24,931 |
| Intangible Assets | 7,089 | 8,727 |
| Other Assets | 6,248 | 7,300 |
| Total Assets | 56,312 | 70,507 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 10,663 | 10,223 |
| Estimated liability for taxes on income | 1,209 | 1,155 |
| Short-term borrowings and current portion of long-term debt | 524 | 1,407 |
| Dividends payable | 702 | 701 |
| Current Liabilities Total | 13,098 | 13,486 |
| Long-term Debt | 14,770 | 14,644 |
| Postretirement Benefits | 967 | 1,153 |
| Deferred Taxes | 491 | 1,441 |
| Other Liabilities | 2,810 | 3,197 |
| Total Liabilities | 32,136 | 33,921 |
| Equity | ||
| Common stock | 13,078 | 13,132 |
| Treasury stock | (3,631) | (4,006) |
| Retained earnings | 18,751 | 31,658 |
| Accumulated other comprehensive loss | (4,438) | (4,622) |
| Schlumberger stockholders' equity | 23,760 | 36,162 |
| Noncontrolling interests | 416 | 424 |
| Total equity | 24,176 | 36,586 |
| Liabilities and stockholders equity | 56,312 | 70,507 |
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2019 | |
| 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 |