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: 2019 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 22, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ (10,107) | 2,177 | (1,513) |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Impairments and other charges | 13,148 | 356 | 3,764 |
| Gain on formation of Sensia joint venture | (247) | ||
| Gain on sale of WesternGeco marine seismic acquisition business | (215) | ||
| Depreciation and amortization | 3,589 [1] | 3,556 | 3,837 |
| Deferred taxes | (1,011) | (245) | (260) |
| Stock-based compensation expense | 405 | 345 | 343 |
| Pension and other postretirement benefits funding | (25) | (83) | (133) |
| Earnings of equity method investments, less dividends received | 6 | (48) | (56) |
| Change in assets and liabilities: | |||
| Decrease (increase) in receivables | 142 [2] | 430 | (124) |
| (Increase) decrease in inventories | (314) | (10) | 108 |
| (Increase) decrease in other current assets | (68) | 121 | (174) |
| Decrease (increase) in other assets | 22 | (58) | 402 |
| Decrease in accounts payable and accrued liabilities | (161) | (824) | (737) |
| (Decrease) increase in estimated liability for taxes on income | 6 | (103) | 115 |
| (Decrease) increase in other liabilities | (52) | 69 | (28) |
| Other | 98 | 245 | 119 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 5,431 | 5,713 | 5,663 |
| Cash flows from investing activities: | |||
| Capital expenditures | (1,724) | (2,160) | (2,107) |
| APS investments | (781) | (981) | (1,609) |
| Multiclient seismic data capitalized | (231) | (100) | (276) |
| Business acquisitions and investments, net of cash acquired | (23) | (292) | (847) |
| Net proceeds from divestiture and formation of Sensia joint venture | 586 | ||
| Proceeds from sale of WesternGeco marine seismic business, net of cash divested | 579 | ||
| Sale of investments, net | 317 | 1,943 | 3,277 |
| Other | (155) | (29) | (217) |
| NET CASH USED IN INVESTING ACTIVITIES | (2,011) | (1,040) | (1,779) |
| Cash flows from financing activities: | |||
| Dividends paid | (2,769) | (2,770) | (2,778) |
| Proceeds from employee stock purchase plan | 196 | 227 | 212 |
| Proceeds from exercise of stock options | 23 | 34 | 85 |
| Stock repurchase program | (278) | (400) | (969) |
| Proceeds from issuance of long-term debt | 4,004 | 898 | 2,371 |
| Repayment of long-term debt | (4,799) | (2,861) | (2,961) |
| Net decrease in short-term borrowings | (44) | (85) | (1,022) |
| Other | (51) | (63) | 29 |
| NET CASH USED IN FINANCING ACTIVITIES | (3,718) | (5,020) | (5,033) |
| Net decrease in cash before translation effect | (298) | (347) | (1,149) |
| Translation effect on cash | 2 | (19) | 19 |
| Cash, beginning of period | 1,433 | 1,799 | |
| Cash, end of period | 1,137 | 1,433 | 1,799 |
| [1] Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and APS investments. | |||
| [2] Net of the effect of business acquisitions and divestitures. | |||
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2019 | |
| 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 |