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: 2021 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2021 10-K (Filed: Jan 26, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ 1,928 | (10,486) | (10,107) |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Impairments and other charges and credits | (65) | 12,515 | 12,901 |
| Depreciation and amortization | 2,120 [1] | 2,566 | 3,589 |
| Deferred taxes | (31) | (1,248) | (1,011) |
| Stock-based compensation expense | 324 | 397 | 405 |
| Earnings of equity method investments, less dividends received | 10 | (28) | 6 |
| Change in assets and liabilities: | |||
| (Increase) decrease in receivables | (36) [2] | 2,345 | 142 |
| Decrease (increase) in inventories | 75 | 86 | (314) |
| Decrease (increase) in other current assets | 387 | 267 | (68) |
| (Increase) decrease in other assets | (2) | (25) | 22 |
| Increase (decrease) in accounts payable and accrued liabilities | 160 | (3,330) | (161) |
| (Decrease) increase in estimated liability for taxes on income | (154) | (201) | 6 |
| (Decrease) increase in other liabilities | (26) | 19 | (52) |
| Other | (39) | 67 | 73 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 4,651 | 2,944 | 5,431 |
| Cash flows from investing activities: | |||
| Capital expenditures | (1,141) | (1,116) | (1,724) |
| APS investments | (474) | (303) | (781) |
| Multiclient seismic data capitalized | (39) | (101) | (231) |
| Net proceeds from divestitures | 434 | 348 | |
| Proceeds from sale of Liberty shares | 109 | ||
| Proceeds from formation of Sensia joint venture | 238 | ||
| Business acquisitions and investments, net of cash acquired | (103) | (33) | (23) |
| Sale (purchase) of short-term investments, net | 787 | (1,141) | 317 |
| Other | (58) | (93) | (155) |
| NET CASH USED IN INVESTING ACTIVITIES | (919) | (2,353) | (2,011) |
| Cash flows from financing activities: | |||
| Dividends paid | (699) | (1,734) | (2,769) |
| Proceeds from employee stock purchase plan | 137 | 146 | 196 |
| Proceeds from exercise of stock options | 23 | ||
| Stock repurchase program | (26) | (278) | |
| Proceeds from issuance of long-term debt | 34 | 5,837 | 4,004 |
| Repayment of long-term debt | (2,076) | (4,975) | (4,799) |
| Net (decrease) increase in short-term borrowings | (105) | 156 | (44) |
| Repayment of finance lease-related obligations | (188) | ||
| Other | (115) | (89) | (51) |
| NET CASH USED IN FINANCING ACTIVITIES | (2,824) | (873) | (3,718) |
| Net increase (decrease) in cash before translation effect | 908 | (282) | (298) |
| Translation effect on cash | 5 | (11) | 2 |
| Cash, beginning of period | 844 | 1,137 | |
| Cash, end of period | 1,757 | 844 | 1,137 |
| [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 2021 | |
| 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 |