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: 2022 | |||
CONSOLIDATED STATEMENT OF INCOME (LOSS) | |||
Period Ending Dec 31, 2022 10-K (Filed: Jan 25, 2023) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenue | |||
| Total Revenue | $ 28,091 | 22,929 | 23,601 |
| Interest & other income, net | 610 | 148 | 267 |
| Expenses | |||
| Research & engineering | 634 | 554 | 580 |
| General & administrative | 376 | 339 | 365 |
| Impairments & other | 12,658 | ||
| Interest | 490 | 539 | 563 |
| Income (loss) before taxes | 4,271 | 2,374 | (11,298) |
| Tax expense (benefit) | 779 | 446 | (812) |
| Net income (loss) | 3,492 | 1,928 | (10,486) |
| Net income attributable to noncontrolling interests | 51 | 47 | 32 |
| Net income (loss) attributable to SLB | 3,441 | 1,881 | (10,518) |
| Basic earnings (loss) per share of SLB | 2.43 | 1.34 | (7.57) |
| Diluted earnings (loss) per share of SLB | 2.39 | 1.32 | (7.57) |
| Average shares outstanding: | |||
| Basic | 1,416 | 1,400 | 1,390 |
| Assuming dilution | 1,437 | 1,427 | 1,390 |
| Product and Service | |||
| Services | |||
| Total Revenue | 19,552 | 15,602 | 16,533 |
| Cost of services and sales | 15,233 | 13,129 | 14,675 |
| Product | |||
| Total Revenue | 8,539 | 7,327 | 7,068 |
| Cost of services and sales | 7,697 | 6,142 | 6,325 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Dec 31, 2022 10-K (Filed: Jan 25, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net income (loss) | $ 3,492 | 1,928 | (10,486) |
| Currency translation adjustments | |||
| Net change arising during the period | (26) | 83 | (239) |
| Cash flow hedges | |||
| Net loss on cash flow hedges | (148) | (12) | (90) |
| Reclassification to net income (loss) of net realized (income) loss | 117 | (3) | 54 |
| Pension and other postretirement benefit plans | |||
| Actuarial gain (loss) arising during the period | (305) | 1,075 | (247) |
| Amortization to net income (loss) of net actuarial loss | 75 | 271 | 200 |
| Amortization to net income (loss) of net prior service credit | (23) | (23) | (17) |
| Impact of curtailment | (69) | ||
| Income taxes on pension and other postretirement benefit plans | 24 | (74) | (38) |
| Other | 1 | (3) | |
| Comprehensive income (loss) | 3,207 | 3,242 | (10,932) |
| Comprehensive income attributable to noncontrolling interests | 51 | 47 | 32 |
| Comprehensive income (loss) attributable to SLB | 3,156 | 3,195 | (10,964) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHLUMBERGER LIMITED/NV | |||
Ticker: SLB Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Jan 25, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ 3,492 | 1,928 | (10,486) |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Impairments and other charges and credits | (347) | (65) | 12,515 |
| Depreciation and amortization | 2,147 [1] | 2,120 | 2,566 |
| Deferred taxes | (39) | (31) | (1,248) |
| Stock-based compensation expense | 313 | 324 | 397 |
| Earnings of equity method investments, less dividends received | (96) | 10 | (28) |
| Change in assets and liabilities: | |||
| (Increase) decrease in receivables | (1,728) | (36) | 2,345 |
| (Increase) decrease in inventories | (737) | 75 | 86 |
| (Increase) decrease in other current assets | (44) | 387 | 267 |
| Increase in other assets | (45) | (2) [2] | (25) |
| Increase (decrease) in accounts payable and accrued liabilities | 704 | 160 | (3,330) |
| Increase (decrease) in estimated liability for taxes on income | 96 | (154) | (201) |
| Increase (decrease) in other liabilities | 23 | (26) | 19 |
| Other | (19) | (39) | 67 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 3,720 | 4,651 | 2,944 |
| Cash flows from investing activities: | |||
| Capital expenditures | (1,618) | (1,141) | (1,116) |
| APS investments | (587) | (474) | (303) |
| Exploration data capitalized | (97) | (39) | (101) |
| Net proceeds from divestitures | 434 | ||
| Proceeds from sale of Liberty shares | 732 | 109 | |
| Proceeds from sale of ADC shares | 223 | ||
| Proceeds from sale of real estate | 120 | ||
| Business acquisitions and investments, net of cash acquired | (58) | (103) | (33) |
| Sale (purchase) of short-term investments, net | 138 | 787 | (1,141) |
| Purchases of Blue Chip Swap securities | (259) | ||
| Proceeds from sales of Blue Chip Swap securities | 111 | ||
| Other | (93) | (58) | (93) |
| NET CASH USED IN INVESTING ACTIVITIES | (1,388) | (919) | (2,353) |
| Cash flows from financing activities: | |||
| Dividends paid | (848) | (699) | (1,734) |
| Proceeds from employee stock purchase plan | 142 | 137 | 146 |
| Proceeds from exercise of stock options | 81 | ||
| Taxes paid on net-settled stock-based compensation awards | (93) | (24) | (28) |
| Stock repurchase program | (26) | ||
| Proceeds from issuance of long-term debt | 34 | 5,837 | |
| Repayment of long-term debt | (1,650) | (2,076) | (4,975) |
| Net increase (decrease) in short-term borrowings | 37 | (105) | 156 |
| Repayment of finance lease-related obligations | (188) | ||
| Other | (51) | (91) | (61) |
| NET CASH USED IN FINANCING ACTIVITIES | (2,382) | (2,824) | (873) |
| Net increase (decrease) in cash before translation effect | (50) | 908 | (282) |
| Translation effect on cash | (52) | 5 | (11) |
| Cash, beginning of period | 1,757 | 844 | |
| Cash, end of period | 1,655 | 1,757 | 844 |
| [1] Includes depreciation of property, plant and equipment and amortization of intangible assets, exploration 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: 2022 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2022 10-K (Filed: Jan 25, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $ 1,655 | 1,757 |
| Short-term investments | 1,239 | 1,382 |
| Receivables less allowance for doubtful accounts (2022 - $340; 2021 - $319) | 7,032 | 5,315 |
| Inventories | 3,999 | 3,272 |
| Other current assets | 1,078 | 928 |
| Current assets total | 15,003 | 12,654 |
| Investments in Affiliated Companies | 1,581 | 2,044 |
| Fixed Assets less accumulated depreciation | 6,607 | 6,429 |
| Goodwill | 12,982 | 12,990 |
| Intangible Assets | 2,992 | 3,211 |
| Other Assets | 3,970 | 4,183 |
| Total Assets | 43,135 | 41,511 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 9,121 | 8,382 |
| Estimated liability for taxes on income | 1,002 | 879 |
| Short-term borrowings and current portion of long-term debt | 1,632 | 909 |
| Dividends payable | 263 | 189 |
| Current Liabilities Total | 12,018 | 10,359 |
| Long-term Debt | 10,594 | 13,286 |
| Postretirement Benefits | 165 | 231 |
| Deferred Taxes | 61 | 94 |
| Other Liabilities | 2,308 | 2,255 |
| Total Liabilities | 25,146 | 26,225 |
| Equity | ||
| Common stock | 11,837 | 12,608 |
| Treasury stock | (1,016) | (2,233) |
| Retained earnings | 10,719 | 8,199 |
| Accumulated other comprehensive loss | (3,855) | (3,570) |
| SLB stockholders' equity | 17,685 | 15,004 |
| Noncontrolling interests | 304 | 282 |
| Total equity | 17,989 | 15,286 |
| Liabilities and stockholders equity | 43,135 | 41,511 |
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2022 | |
| 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 |