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: 2020 | |||
CONSOLIDATED STATEMENT OF INCOME (LOSS) | |||
Period Ending Dec 31, 2020 10-K (Filed: Jan 27, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenue | |||
| Total Revenue | $ 23,601 | 32,917 | 32,815 |
| Interest & other income | 163 | 86 | 149 |
| Gains on sales of businesses | 104 | 247 | 215 |
| Expenses | |||
| Research & engineering | 580 | 717 | 702 |
| General & administrative | 365 | 474 | 444 |
| Impairments & other | 12,658 | 13,148 | 356 |
| Interest | 563 | 609 | 575 |
| Income (loss) before taxes | (11,298) | (10,418) | 2,624 |
| Tax expense (benefit) | (812) | (311) | 447 |
| Net income (loss) | (10,486) | (10,107) | 2,177 |
| Net income attributable to noncontrolling interests | 32 | 30 | 39 |
| Net income (loss) attributable to Schlumberger | (10,518) | (10,137) | 2,138 |
| Basic earnings (loss) per share of Schlumberger | (7.57) | (7.32) | 1.54 |
| Diluted earnings (loss) per share of Schlumberger | (7.57) | (7.32) | 1.53 |
| Average shares outstanding: | |||
| Basic | 1,390 | 1,385 | 1,385 |
| Assuming dilution | 1,390 | 1,385 | 1,393 |
| Product and Service | |||
| Services | |||
| Total Revenue | 16,533 | 24,358 | 24,296 |
| Cost of services and sales | 14,675 | 20,828 | 20,618 |
| Product | |||
| Total Revenue | 7,068 | 8,559 | 8,519 |
| Cost of services and sales | 6,325 | 7,892 | 7,860 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2020 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Dec 31, 2020 10-K (Filed: Jan 27, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net income (loss) | $ (10,486) | (10,107) | 2,177 |
| Currency translation adjustments | |||
| Net change arising during the period | (239) | 67 | (191) |
| Marketable securities | |||
| Unrealized loss arising during the period | (11) | ||
| Cash flow hedges | |||
| Net loss on cash flow hedges | (90) | (32) | (16) |
| Reclassification to net income (loss) of net realized loss | 54 | 10 | 1 |
| Pension and other postretirement benefit plans | |||
| Actuarial gain (loss) arising during the period | (247) | 127 | (186) |
| Amortization to net income (loss) of net actuarial loss | 200 | 94 | 187 |
| Amortization to net income (loss) of net prior service (credit) cost | (17) | (11) | (5) |
| Impact of curtailment | (69) | ||
| Income taxes on pension and other postretirement benefit plans | (38) | (71) | (18) |
| Comprehensive income (loss) | (10,932) | (9,923) | 1,938 |
| Comprehensive income attributable to noncontrolling interests | 32 | 30 | 39 |
| Comprehensive income (loss) attributable to Schlumberger | (10,964) | (9,953) | 1,899 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2020 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2020 10-K (Filed: Jan 27, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ (10,486) | (10,107) | 2,177 |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Impairments and other charges and credits | 12,515 | 12,901 | 141 |
| Depreciation and amortization | 2,566 | 3,589 | 3,556 |
| Deferred taxes | (1,248) | (1,011) | (245) |
| Stock-based compensation expense | 397 | 405 | 345 |
| Pension and other postretirement benefits funding | (16) | (25) | (83) |
| Earnings of equity method investments, less dividends received | (28) | 6 | (48) |
| Change in assets and liabilities: | |||
| Decrease in receivables | 2,345 | 142 | 430 |
| Decrease (increase) in inventories | 86 | (314) | (10) |
| Decrease (increase) in other current assets | 267 [1] | (68) | 121 |
| (Increase) decrease in other assets | (25) | 22 | (58) |
| Decrease in accounts payable and accrued liabilities | (3,330) | (161) | (824) |
| (Decrease) increase in estimated liability for taxes on income | (201) | 6 | (103) |
| Increase (decrease) in other liabilities | 19 | (52) | 69 |
| Other | 83 | 98 | 245 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 2,944 | 5,431 | 5,713 |
| Cash flows from investing activities: | |||
| Capital expenditures | (1,116) | (1,724) | (2,160) |
| APS investments | (303) | (781) | (981) |
| Multiclient seismic data capitalized | (101) | (231) | (100) |
| Net proceeds from divestitures | 434 | 348 | |
| Proceeds from formation of Sensia joint venture | 238 | ||
| Proceeds from sale of WesternGeco marine seismic business, net of cash divested | 579 | ||
| Business acquisitions and investments, net of cash acquired | (33) | (23) | (292) |
| (Purchase) sale of investments, net | (1,141) | 317 | 1,943 |
| Other | (93) | (155) | (29) |
| NET CASH USED IN INVESTING ACTIVITIES | (2,353) | (2,011) | (1,040) |
| Cash flows from financing activities: | |||
| Dividends paid | (1,734) | (2,769) | (2,770) |
| Proceeds from employee stock purchase plan | 146 | 196 | 227 |
| Proceeds from exercise of stock options | 23 | 34 | |
| Stock repurchase program | (26) | (278) | (400) |
| Proceeds from issuance of long-term debt | 5,837 | 4,004 | 898 |
| Repayment of long-term debt | (4,975) | (4,799) | (2,861) |
| Net increase (decrease) in short-term borrowings | 156 | (44) | (85) |
| Repayment of finance lease-related obligations | (188) | ||
| Other | (89) | (51) | (63) |
| NET CASH USED IN FINANCING ACTIVITIES | (873) | (3,718) | (5,020) |
| Net decrease in cash before translation effect | (282) | (298) | (347) |
| Translation effect on cash | (11) | 2 | (19) |
| Cash, beginning of period | 1,137 | 1,433 | |
| Cash, end of period | 844 | 1,137 | 1,433 |
| [1] 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: 2020 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2020 10-K (Filed: Jan 27, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $ 844 | 1,137 |
| Short-term investments | 2,162 | 1,030 |
| Receivables less allowance for doubtful accounts (2020 - $301; 2019 - $255) | 5,247 | 7,747 |
| Inventories | 3,354 | 4,130 |
| Other current assets | 1,312 | 1,486 |
| Current assets total | 12,919 | 15,530 |
| Investments in Affiliated Companies | 2,061 | 1,565 |
| Fixed Assets less accumulated depreciation | 6,826 | 9,270 |
| Multiclient Seismic Data | 317 | 568 |
| Goodwill | 12,980 | 16,042 |
| Intangible Assets | 3,455 | 7,089 |
| Other Assets | 3,876 | 6,248 |
| Total Assets | 42,434 | 56,312 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 8,442 | 10,663 |
| Estimated liability for taxes on income | 1,015 | 1,209 |
| Short-term borrowings and current portion of long-term debt | 850 | 524 |
| Dividends payable | 184 | 702 |
| Current Liabilities Total | 10,491 | 13,098 |
| Long-term Debt | 16,036 | 14,770 |
| Postretirement Benefits | 1,049 | 967 |
| Deferred Taxes | 19 | 491 |
| Other Liabilities | 2,350 | 2,810 |
| Total Liabilities | 29,945 | 32,136 |
| Equity | ||
| Common stock | 12,970 | 13,078 |
| Treasury stock | (3,033) | (3,631) |
| Retained earnings | 7,018 | 18,751 |
| Accumulated other comprehensive loss | (4,884) | (4,438) |
| Schlumberger stockholders' equity | 12,071 | 23,760 |
| Noncontrolling interests | 418 | 416 |
| Total equity | 12,489 | 24,176 |
| Liabilities and stockholders equity | 42,434 | 56,312 |
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2020 | |
| 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 |