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: 2018 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2018 10-K (Filed: Jan 23, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ 2,177 | (1,513) | (1,627) |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Impairments and other charges | 356 | 3,764 | 3,820 |
| Gain on sale of WesternGeco marine seismic acquisition business | (215) | ||
| Depreciation and amortization | 3,556 [1] | 3,837 | 4,094 |
| Pension and other postretirement benefits expense | 30 | 104 | 187 |
| Stock-based compensation expense | 345 | 343 | 267 |
| Pension and other postretirement benefits funding | (83) | (133) | (174) |
| Earnings of equity method investments, less dividends received | (48) | (56) | (60) |
| Change in assets and liabilities: | |||
| Decrease (increase) in receivables | 430 [2] | (124) | 1,098 |
| (Increase) decrease in inventories | (10) | 108 | 800 |
| Decrease (increase) in other current assets | 121 | (174) | 308 |
| (Increase) decrease in other assets | (58) | 402 | (488) |
| Decrease in accounts payable and accrued liabilities | (824) | (737) | (1,680) |
| (Decrease) increase in estimated liability for taxes on income | (159) | 104 | (110) |
| Increase (decrease) in other liabilities | 69 | (28) | 77 |
| Other | 26 | (234) | (251) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 5,713 | 5,663 | 6,261 |
| Cash flows from investing activities: | |||
| Capital expenditures | (2,160) | (2,107) | (2,055) |
| SPM investments | (981) | (1,609) | (1,031) |
| Multiclient seismic data capitalized | (100) | (276) | (630) |
| Business acquisitions and investments, net of cash acquired | (292) | (847) | (2,398) |
| Proceeds from sale of WesternGeco marine seismic business, net of cash divested | 579 | ||
| Sale of investments, net | 1,943 | 3,277 | 5,544 |
| Other | (29) | (217) | (54) |
| NET CASH USED IN INVESTING ACTIVITIES | (1,040) | (1,779) | (624) |
| Cash flows from financing activities: | |||
| Dividends paid | (2,770) | (2,778) | (2,647) |
| Proceeds from employee stock purchase plan | 227 | 212 | 231 |
| Proceeds from exercise of stock options | 34 | 85 | 184 |
| Stock repurchase program | (400) | (969) | (778) |
| Proceeds from issuance of long-term debt | 898 | 2,371 | 3,640 |
| Repayment of long-term debt | (2,861) | (2,961) | (5,630) |
| Net decrease in short-term borrowings | (85) | (1,022) | (387) |
| Other | (63) | 29 | (41) |
| NET CASH USED IN FINANCING ACTIVITIES | (5,020) | (5,033) | (5,428) |
| Net (decrease) increase in cash before translation effect | (347) | (1,149) | 209 |
| Translation effect on cash | (19) | 19 | (73) |
| Cash, beginning of period | 1,799 | 2,929 | |
| Cash, end of period | 1,433 | 1,799 | 2,929 |
| [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 2018 | |
| 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 |