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: 2011 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 1, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash flows from operating activities: | |||
| Net income | $ 5,013 | 4,266 | 3,142 |
| (Income) loss from discontinued operations | (220) | 22 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and Amortization | 3,281 | 2,759 | 2,476 [1] |
| Gain on investment in M-I SWACO | (1,270) | ||
| Earnings of companies carried at equity, less dividends received | (64) | (85) | (103) |
| Deferred income taxes | (35) | (109) | 373 |
| Share-based Compensation | 272 | 198 | 186 |
| Pension and other postretirement benefits expense | 365 | 299 | 306 |
| Pension and other postretirement benefits curtailment charge | 136 | ||
| Other non-cash items | 203 | 327 | 162 |
| Pension and other postretirement benefits funding | (601) | (868) | (1,149) |
| Change in operating assets and liabilities: | |||
| (Increase) decrease in receivables | (1,310) | (289) | 155 |
| (Increase) decrease in inventories | (991) | (67) | 64 |
| (Increase) decrease in other current assets | (99) | 136 | 9 |
| Increase (decrease) in accounts payable and accrued liabilities | 708 | (103) | (293) [2] |
| (Decrease) increase in estimated liability for taxes on income | (544) | 480 | (361) |
| (Decrease) increase in other liabilities | 168 | (89) | 43 |
| Other-net | 23 | (91) | 143 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 6,169 | 5,494 | 5,311 |
| Cash flows from investing activities: | |||
| Capital expenditures | (4,016) | (2,914) | (2,395) |
| Multiclient seismic data capitalized | (289) | (326) | (230) |
| Cash acquired in merger with Smith International, Inc. | 399 | 0 | |
| Acquisition of Geoservices, net of cash acquired | (889) | 0 | |
| Other business acquisitions and investments, net of cash acquired | (186) | (212) | (514) |
| Sale (purchase) of investments, net | 351 | 1,023 | (1,159) |
| Other | 230 | (19) | 228 |
| NET CASH USED IN INVESTING ACTIVITIES | (3,910) | (2,938) | (4,070) |
| Cash flows from financing activities: | |||
| Dividends paid | (1,300) | (1,040) | (1,006) |
| Proceeds from employee stock purchase plan | 208 | 179 | 96 |
| Proceeds from exercise of stock options | 230 | 222 | 110 |
| Tax benefit on stock options | 15 | 14 | 4 |
| Stock repurchase program | (2,998) | (1,717) | (500) |
| Proceeds from issuance of long-term debt | 6,884 | 2,815 | 1,973 |
| Repayment of long-term debt | (4,992) | (1,814) | (1,754) |
| Net decrease in short-term borrowings | (119) | (68) | (111) |
| Other | (628) | ||
| NET CASH USED IN FINANCING ACTIVITIES | (2,700) | (1,409) | (1,188) |
| Cash flow from discontinued operations - operating activities | (45) | ||
| Cash flows from discontinued operations - investing activities | 385 | ||
| Cash flow from discontinued operations | 385 | (45) | |
| Net (decrease) increase in cash before translation effect | (56) | 1,147 | 8 |
| Translation effect on cash | (3) | ||
| Cash, beginning of period | 1,764 | 617 | |
| Cash, end of period | 1,705 | 1,764 | 617 |
| [1] Includes multiclient seismic data costs. | |||
| [2] Net of the effect of business acquisitions. | |||
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2011 | |
| 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 |