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: 2015 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2015 10-K (Filed: Jan 27, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash flows from operating activities: | |||
| Net income | $ 2,135 | 5,506 | 6,774 |
| Add: Loss from discontinued operations | 205 | 69 | |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Gain on formation of OneSubsea | (1,028) | ||
| Impairments and other charges | 2,575 | 1,773 | 608 |
| Depreciation and amortization | 4,078 [1] | 4,094 | 3,879 |
| Pension and other postretirement benefits expense | 438 | 355 | 518 |
| Stock-based compensation expense | 326 | 329 | 315 |
| Pension and other postretirement benefits funding | (346) | (390) | (538) |
| Earnings of equity method investments, less dividends received | (125) | (113) | (71) |
| Change in assets and liabilities: | |||
| Decrease (increase) in receivables | 2,176 [2] | (187) | (803) |
| Decrease (increase) in inventories | 625 | (36) | 188 |
| Decrease in other current assets | 76 | 119 | 17 |
| Decrease (increase) in other assets | 16 | (134) | (78) |
| (Decrease) increase in accounts payable and accrued liabilities | (2,656) | (36) | 654 |
| (Decrease) increase in estimated liability for taxes on income | (699) | 104 | 34 |
| Increase (decrease) in other liabilities | 24 | (79) | 60 |
| Other | 162 | (315) | 92 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 8,805 | 11,195 | 10,690 |
| Cash flows from investing activities: | |||
| Capital expenditures | (2,410) | (3,976) | (3,943) |
| SPM investments | (953) | (740) | (902) |
| Multiclient seismic data capitalized | (486) | (321) | (394) |
| Business acquisitions and investments, net of cash acquired | (443) | (1,008) | (1,210) |
| (Purchase) sale of investments, net | (5,848) | 446 | (648) |
| Other | (112) | 19 | 218 |
| NET CASH USED IN INVESTING ACTIVITIES | (10,252) | (5,580) | (6,879) |
| Cash flows from financing activities: | |||
| Dividends paid | (2,419) | (1,968) | (1,608) |
| Proceeds from employee stock purchase plan | 296 | 295 | 270 |
| Proceeds from exercise of stock options | 152 | 530 | 267 |
| Stock repurchase program | (2,182) | (4,678) | (2,596) |
| Proceeds from issuance of long-term debt | 9,565 | 2,289 | 4,554 |
| Repayment of long-term debt | (3,771) | (2,878) | (3,141) |
| Net (decrease) increase in short-term borrowings | (3) | 552 | 37 |
| Other | (264) | (38) | 18 |
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 1,374 | (5,896) | (2,199) |
| Cash flow (used in) provided by discontinued operations - operating activities | (233) | 24 | (2) |
| Cash flow used in discontinued operations - investing activities | (28) | ||
| Cash flow (used in) provided by discontinued operations | (233) | 24 | (30) |
| Net (decrease) increase in cash before translation effect | (306) | (257) | 1,582 |
| Translation effect on cash | (31) | (85) | (15) |
| Cash, beginning of period | 3,130 | 3,472 | |
| Cash, end of period | 2,793 | 3,130 | 3,472 |
| [1] Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and SPM investments. | |||
| [2] Net of the effect of business acquisitions and divestitures. | |||
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2015 | |
| 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 |