10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENT OF INCOME (LOSS) | |||
Period Ending Dec 31, 2021 10-K (Filed: Jan 26, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenue | |||
| Total Revenue | $ 22,929 | 23,601 | 32,917 |
| Interest & other income | 148 | 163 | 86 |
| Gains on sales of businesses | 104 | 247 | |
| Expenses | |||
| Research & engineering | 554 | 580 | 717 |
| General & administrative | 339 | 365 | 474 |
| Impairments & other | 12,658 | 13,148 | |
| Interest | 539 | 563 | 609 |
| Income (loss) before taxes | 2,374 | (11,298) | (10,418) |
| Tax expense (benefit) | 446 | (812) | (311) |
| Net income (loss) | 1,928 | (10,486) | (10,107) |
| Net income attributable to noncontrolling interests | 47 | 32 | 30 |
| Net income (loss) attributable to Schlumberger | 1,881 | (10,518) | (10,137) |
| Basic earnings (loss) per share of Schlumberger | 1.34 | (7.57) | (7.32) |
| Diluted earnings (loss) per share of Schlumberger | 1.32 | (7.57) | (7.32) |
| Average shares outstanding: | |||
| Basic | 1,400 | 1,390 | 1,385 |
| Assuming dilution | 1,427 | 1,390 | 1,385 |
| Product and Service | |||
| Services | |||
| Total Revenue | 15,602 | 16,533 | 24,358 |
| Cost of services and sales | 13,129 | 14,675 | 20,828 |
| Product | |||
| Total Revenue | 7,327 | 7,068 | 8,559 |
| Cost of services and sales | 6,142 | 6,325 | 7,892 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Dec 31, 2021 10-K (Filed: Jan 26, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net income (loss) | $ 1,928 | (10,486) | (10,107) |
| Currency translation adjustments | |||
| Net change arising during the period | 83 | (239) | 67 |
| Cash flow hedges | |||
| Net loss on cash flow hedges | (12) | (90) | (32) |
| Reclassification to net income (loss) of net realized (income) loss | (3) | 54 | 10 |
| Pension and other postretirement benefit plans | |||
| Actuarial gain (loss) arising during the period | 1,075 | (247) | 127 |
| Amortization to net income (loss) of net actuarial loss | 271 | 200 | 94 |
| Amortization to net income (loss) of net prior service (credit) cost | (23) | (17) | (11) |
| Impact of curtailment | (69) | ||
| Income taxes on pension and other postretirement benefit plans | (74) | (38) | (71) |
| Other | (3) | ||
| Comprehensive income (loss) | 3,242 | (10,932) | (9,923) |
| Comprehensive income attributable to noncontrolling interests | 47 | 32 | 30 |
| Comprehensive income (loss) attributable to Schlumberger | 3,195 | (10,964) | (9,953) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2021 10-K (Filed: Jan 26, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ 1,928 | (10,486) | (10,107) |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Impairments and other charges and credits | (65) | 12,515 | 12,901 |
| Depreciation and amortization | 2,120 [1] | 2,566 | 3,589 |
| Deferred taxes | (31) | (1,248) | (1,011) |
| Stock-based compensation expense | 324 | 397 | 405 |
| Earnings of equity method investments, less dividends received | 10 | (28) | 6 |
| Change in assets and liabilities: | |||
| (Increase) decrease in receivables | (36) [2] | 2,345 | 142 |
| Decrease (increase) in inventories | 75 | 86 | (314) |
| Decrease (increase) in other current assets | 387 | 267 | (68) |
| (Increase) decrease in other assets | (2) | (25) | 22 |
| Increase (decrease) in accounts payable and accrued liabilities | 160 | (3,330) | (161) |
| (Decrease) increase in estimated liability for taxes on income | (154) | (201) | 6 |
| (Decrease) increase in other liabilities | (26) | 19 | (52) |
| Other | (39) | 67 | 73 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 4,651 | 2,944 | 5,431 |
| Cash flows from investing activities: | |||
| Capital expenditures | (1,141) | (1,116) | (1,724) |
| APS investments | (474) | (303) | (781) |
| Multiclient seismic data capitalized | (39) | (101) | (231) |
| Net proceeds from divestitures | 434 | 348 | |
| Proceeds from sale of Liberty shares | 109 | ||
| Proceeds from formation of Sensia joint venture | 238 | ||
| Business acquisitions and investments, net of cash acquired | (103) | (33) | (23) |
| Sale (purchase) of short-term investments, net | 787 | (1,141) | 317 |
| Other | (58) | (93) | (155) |
| NET CASH USED IN INVESTING ACTIVITIES | (919) | (2,353) | (2,011) |
| Cash flows from financing activities: | |||
| Dividends paid | (699) | (1,734) | (2,769) |
| Proceeds from employee stock purchase plan | 137 | 146 | 196 |
| Proceeds from exercise of stock options | 23 | ||
| Stock repurchase program | (26) | (278) | |
| Proceeds from issuance of long-term debt | 34 | 5,837 | 4,004 |
| Repayment of long-term debt | (2,076) | (4,975) | (4,799) |
| Net (decrease) increase in short-term borrowings | (105) | 156 | (44) |
| Repayment of finance lease-related obligations | (188) | ||
| Other | (115) | (89) | (51) |
| NET CASH USED IN FINANCING ACTIVITIES | (2,824) | (873) | (3,718) |
| Net increase (decrease) in cash before translation effect | 908 | (282) | (298) |
| Translation effect on cash | 5 | (11) | 2 |
| Cash, beginning of period | 844 | 1,137 | |
| Cash, end of period | 1,757 | 844 | 1,137 |
| [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: 2021 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2021 10-K (Filed: Jan 26, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $ 1,757 | 844 |
| Short-term investments | 1,382 | 2,162 |
| Receivables less allowance for doubtful accounts (2021 - $319; 2020 - $301) | 5,315 | 5,247 |
| Inventories | 3,272 | 3,354 |
| Other current assets | 928 | 1,312 |
| Current assets total | 12,654 | 12,919 |
| Investments in Affiliated Companies | 2,044 | 2,061 |
| Fixed Assets less accumulated depreciation | 6,429 | 6,826 |
| Goodwill | 12,990 | 12,980 |
| Intangible Assets | 3,211 | 3,455 |
| Other Assets | 4,183 | 4,193 |
| Total Assets | 41,511 | 42,434 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 8,382 | 8,442 |
| Estimated liability for taxes on income | 879 | 1,015 |
| Short-term borrowings and current portion of long-term debt | 909 | 850 |
| Dividends payable | 189 | 184 |
| Current Liabilities Total | 10,359 | 10,491 |
| Long-term Debt | 13,286 | 16,036 |
| Postretirement Benefits | 231 | 1,049 |
| Deferred Taxes | 94 | 19 |
| Other Liabilities | 2,255 | 2,350 |
| Total Liabilities | 26,225 | 29,945 |
| Equity | ||
| Common stock | 12,608 | 12,970 |
| Treasury stock | (2,233) | (3,033) |
| Retained earnings | 8,199 | 7,018 |
| Accumulated other comprehensive loss | (3,570) | (4,884) |
| Schlumberger stockholders' equity | 15,004 | 12,071 |
| Noncontrolling interests | 282 | 418 |
| Total equity | 15,286 | 12,489 |
| Liabilities and stockholders equity | 41,511 | 42,434 |
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2021 | |
| 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 |