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: 2020 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2020 10-K (Filed: Jan 27, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ (10,486) | (10,107) | 2,177 |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Impairments and other charges and credits | 12,515 | 12,901 | 141 |
| Depreciation and amortization | 2,566 | 3,589 | 3,556 |
| Deferred taxes | (1,248) | (1,011) | (245) |
| Stock-based compensation expense | 397 | 405 | 345 |
| Pension and other postretirement benefits funding | (16) | (25) | (83) |
| Earnings of equity method investments, less dividends received | (28) | 6 | (48) |
| Change in assets and liabilities: | |||
| Decrease in receivables | 2,345 | 142 | 430 |
| Decrease (increase) in inventories | 86 | (314) | (10) |
| Decrease (increase) in other current assets | 267 [1] | (68) | 121 |
| (Increase) decrease in other assets | (25) | 22 | (58) |
| Decrease in accounts payable and accrued liabilities | (3,330) | (161) | (824) |
| (Decrease) increase in estimated liability for taxes on income | (201) | 6 | (103) |
| Increase (decrease) in other liabilities | 19 | (52) | 69 |
| Other | 83 | 98 | 245 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 2,944 | 5,431 | 5,713 |
| Cash flows from investing activities: | |||
| Capital expenditures | (1,116) | (1,724) | (2,160) |
| APS investments | (303) | (781) | (981) |
| Multiclient seismic data capitalized | (101) | (231) | (100) |
| Net proceeds from divestitures | 434 | 348 | |
| Proceeds from formation of Sensia joint venture | 238 | ||
| Proceeds from sale of WesternGeco marine seismic business, net of cash divested | 579 | ||
| Business acquisitions and investments, net of cash acquired | (33) | (23) | (292) |
| (Purchase) sale of investments, net | (1,141) | 317 | 1,943 |
| Other | (93) | (155) | (29) |
| NET CASH USED IN INVESTING ACTIVITIES | (2,353) | (2,011) | (1,040) |
| Cash flows from financing activities: | |||
| Dividends paid | (1,734) | (2,769) | (2,770) |
| Proceeds from employee stock purchase plan | 146 | 196 | 227 |
| Proceeds from exercise of stock options | 23 | 34 | |
| Stock repurchase program | (26) | (278) | (400) |
| Proceeds from issuance of long-term debt | 5,837 | 4,004 | 898 |
| Repayment of long-term debt | (4,975) | (4,799) | (2,861) |
| Net increase (decrease) in short-term borrowings | 156 | (44) | (85) |
| Repayment of finance lease-related obligations | (188) | ||
| Other | (89) | (51) | (63) |
| NET CASH USED IN FINANCING ACTIVITIES | (873) | (3,718) | (5,020) |
| Net decrease in cash before translation effect | (282) | (298) | (347) |
| Translation effect on cash | (11) | 2 | (19) |
| Cash, beginning of period | 1,137 | 1,433 | |
| Cash, end of period | 844 | 1,137 | 1,433 |
| [1] Net of the effect of business acquisitions and divestitures. | |||
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2020 | |
| 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 |