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: 2012 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2012 10-K (Filed: Jan 31, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows from operating activities: | |||
| Net Income | $ 5,519 | 5,007 | 4,265 |
| Income from discontinued operations | (51) | (277) | (12) |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 3,500 [1] | 3,274 | 2,757 |
| Gain on investment in M-I SWACO | (1,270) | ||
| Earnings of companies carried at equity, less dividends received | (61) | (64) | (85) |
| Deferred income taxes | (76) | (26) | (130) |
| Stock-based compensation expense | 335 | 272 | 198 |
| Pension and other postretirement benefits expense | 404 | 365 | 299 |
| Other non-cash items | 97 | 203 | 327 |
| Pension and other postretirement benefits funding | (673) | (601) | (868) |
| Change in operating assets and liabilities: | |||
| Increase in receivables | (2,116) [2] | (1,281) | (290) |
| Increase in inventories | (643) | (864) | (50) |
| (Increase) decrease in other current assets | (314) | (93) | 133 |
| Increase (decrease) in accounts payable and accrued liabilities | 928 | 597 | (75) |
| Increase (decrease) in estimated liability for taxes on income | 127 | (561) | 476 |
| Increase (decrease) in other liabilities | 1 | 169 | (89) |
| Other - net | (163) | (5) | (77) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 6,814 | 6,115 | 5,509 |
| Cash flows from investing activities: | |||
| Capital expenditures | (4,695) | (4,008) | (2,912) |
| Multiclient seismic data capitalized | (351) | (289) | (326) |
| Cash acquired in acquisition of Smith International, Inc. | 399 | ||
| Acquisition of Geoservices, net of cash acquired | (889) | ||
| Other business acquisitions and investments, net of cash acquired | (845) | (186) | (212) |
| (Purchase) sale of investments, net | (1,228) | 351 | 1,023 |
| Other | (55) | 230 | (19) |
| NET CASH USED IN INVESTING ACTIVITIES | (7,174) | (3,902) | (2,936) |
| Cash flows from financing activities: | |||
| Dividends paid | (1,432) | (1,300) | (1,040) |
| Proceeds from employee stock purchase plan | 247 | 208 | 179 |
| Proceeds from exercise of stock options | 163 | 230 | 222 |
| Stock repurchase program | (972) | (2,998) | (1,717) |
| Proceeds from issuance of long-term debt | 2,832 | 6,884 | 2,815 |
| Repayment of long-term debt | (1,817) | (4,992) | (1,814) |
| Net increase (decrease) in short-term borrowings | 621 | (119) | (68) |
| Other | 19 | (613) | 14 |
| NET CASH USED IN FINANCING ACTIVITIES | (339) | (2,700) | (1,409) |
| Cash flow from discontinued operations - operating activities | (126) | 55 | (15) |
| Cash flow from discontinued operations - investing activities | 1,012 | 376 | (2) |
| Cash flow from discontinued operations | 886 | 431 | (17) |
| Net increase (decrease) in cash before translation effect | 187 | (56) | 1,147 |
| Translation effect on cash | 13 | (3) | |
| Cash, beginning of year | 1,705 | 1,764 | |
| Cash, end of year | 1,905 | 1,705 | 1,764 |
| [1] Includes multiclient seismic data costs. | |||
| [2] Net of the effect of business acquisitions. | |||
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2012 | |
| 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 |