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: 2013 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2013 10-K (Filed: Jan 31, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities: | |||
| Net income | $ 6,774 | 5,519 | 5,007 |
| Less: (Income) loss from discontinued operations | 69 | (260) | (481) |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 3,666 [1] | 3,500 | 3,274 |
| Gain on formation of OneSubsea | (1,028) | ||
| Earnings of companies carried at equity, less dividends received | (71) | (61) | (64) |
| Deferred income taxes | (105) | (76) | (26) |
| Stock-based compensation expense | 315 | 335 | 272 |
| Pension and other postretirement benefits expense | 518 | 403 | 365 |
| Impairment of equity investments | 364 | ||
| Other non-cash items | 371 | 97 | 203 |
| Pension and other postretirement benefits funding | (538) | (673) | (601) |
| Change in operating assets and liabilities: | |||
| Increase in receivables | (858) [2] | (2,087) | (1,402) |
| Decrease (increase) in inventories | 188 | (645) | (863) |
| Decrease (increase) in other current assets | 17 | (350) | (58) |
| Increase in other assets | (767) | (253) | (74) |
| Increase in accounts payable and accrued liabilities | 654 | 876 | 639 |
| Increase (decrease) in estimated liability for taxes on income | 34 | 125 | (549) |
| Increase in other liabilities | 60 | 1 | 169 |
| Other | 125 | 92 | 69 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 9,788 | 6,543 | 5,880 |
| Cash flows from investing activities: | |||
| Capital expenditures | (3,943) | (4,694) | (4,004) |
| Multiclient seismic data capitalized | (394) | (351) | (289) |
| Payment for OneSubsea transaction | (600) | ||
| Other business acquisitions and investments, net of cash acquired | (610) | (845) | (186) |
| (Purchase) sale of investments, net | (648) | (1,228) | 351 |
| Other | 218 | (55) | 230 |
| NET CASH USED IN INVESTING ACTIVITIES | (5,977) | (7,173) | (3,898) |
| Cash flows from financing activities: | |||
| Dividends paid | (1,608) | (1,432) | (1,300) |
| Proceeds from employee stock purchase plan | 270 | 247 | 208 |
| Proceeds from exercise of stock options | 267 | 163 | 230 |
| Stock repurchase program | (2,596) | (972) | (2,998) |
| Proceeds from issuance of long-term debt | 4,554 | 2,832 | 6,884 |
| Repayment of long-term debt | (3,141) | (1,817) | (4,992) |
| Net increase (decrease) in short-term borrowings | 37 | 621 | (119) |
| Other | 18 | 19 | (613) |
| NET CASH USED IN FINANCING ACTIVITIES | (2,199) | (339) | (2,700) |
| Cash flow from discontinued operations - operating activities | (2) | 145 | 289 |
| Cash flow from discontinued operations - investing activities | (28) | 1,011 | 373 |
| Cash flow from discontinued operations | (30) | 1,156 | 662 |
| Net increase (decrease) in cash before translation effect | 1,582 | 187 | (56) |
| Translation effect on cash | (15) | 13 | (3) |
| Cash, beginning of year | 1,905 | 1,705 | |
| Cash, end of year | 3,472 | 1,905 | 1,705 |
| [2] Net of the effect of business acquisitions and divestitures. | |||
| [1] Includes multiclient seismic data costs. | |||
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2013 | |
| 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 |