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: 2014 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2014 10-K (Filed: Jan 29, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flows from operating activities: | |||
| Net Income | $ 5,506 | 6,774 | 5,519 |
| Add: Loss (income) from discontinued operations | 205 | 69 | (260) |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Gain on formation of OneSubsea | (1,028) | ||
| Impairments and other charges | 1,773 | 608 | |
| Depreciation and amortization | 4,094 [1] | 3,879 | 3,647 |
| Pension and other postretirement benefits expense | 355 | 518 | 403 |
| Stock-based compensation expense | 329 | 315 | 335 |
| Pension and other postretirement benefits funding | (390) | (538) | (673) |
| Earnings of equity method investments, less dividends received | (113) | (71) | (61) |
| Change in operating assets and liabilities: | |||
| Increase in receivables | (187) [2] | (803) | (2,051) |
| (Increase) decrease in inventories | (36) | 188 | (645) |
| Decrease (increase) in other current assets | 119 | 17 | (350) |
| Increase in other assets | (134) | (78) | (28) |
| (Decrease) increase in accounts payable and accrued liabilities | (36) | 654 | 876 |
| Increase in estimated liability for taxes on income | 104 | 34 | 125 |
| (Decrease) increase in other liabilities | (79) | 60 | 1 |
| Other | (315) | 92 | 77 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 11,195 | 10,690 | 6,915 |
| Cash flows from investing activities: | |||
| Capital expenditures | (3,976) | (3,943) | (4,694) |
| SPM investments | (740) | (902) | (372) |
| Multiclient seismic data capitalized | (321) | (394) | (351) |
| Business acquisitions and investments, net of cash acquired | (1,008) | (1,210) | (845) |
| Sale (purchase) of investments, net | 446 | (648) | (1,228) |
| Other | 19 | 218 | (55) |
| NET CASH USED IN INVESTING ACTIVITIES | (5,580) | (6,879) | (7,545) |
| Cash flows from financing activities: | |||
| Dividends paid | (1,968) | (1,608) | (1,432) |
| Proceeds from employee stock purchase plan | 295 | 270 | 247 |
| Proceeds from exercise of stock options | 530 | 267 | 163 |
| Stock repurchase program | (4,678) | (2,596) | (972) |
| Proceeds from issuance of long-term debt | 2,289 | 4,554 | 2,832 |
| Repayment of long-term debt | (2,878) | (3,141) | (1,817) |
| Net increase in short-term borrowings | 552 | 37 | 621 |
| Other | (38) | 18 | 19 |
| NET CASH USED IN FINANCING ACTIVITIES | (5,896) | (2,199) | (339) |
| Cash flow provided by (used in) discontinued operations - operating activities | 24 | (2) | 145 |
| Cash flow (used in) provided by discontinued operations - investing activities | (28) | 1,011 | |
| Cash flow provided by (used in) discontinued operations | 24 | (30) | 1,156 |
| Net (decrease) increase in cash before translation effect | (257) | 1,582 | 187 |
| Translation effect on cash | (85) | (15) | 13 |
| Cash, beginning of year | 3,472 | 1,905 | |
| Cash, end of year | 3,130 | 3,472 | 1,905 |
| [2] Net of the effect of business acquisitions and divestitures. | |||
| [1] Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and SPM investments. | |||
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2014 | |
| 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 |