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: 2022 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Jan 25, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ 3,492 | 1,928 | (10,486) |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Impairments and other charges and credits | (347) | (65) | 12,515 |
| Depreciation and amortization | 2,147 [1] | 2,120 | 2,566 |
| Deferred taxes | (39) | (31) | (1,248) |
| Stock-based compensation expense | 313 | 324 | 397 |
| Earnings of equity method investments, less dividends received | (96) | 10 | (28) |
| Change in assets and liabilities: | |||
| (Increase) decrease in receivables | (1,728) | (36) | 2,345 |
| (Increase) decrease in inventories | (737) | 75 | 86 |
| (Increase) decrease in other current assets | (44) | 387 | 267 |
| Increase in other assets | (45) | (2) [2] | (25) |
| Increase (decrease) in accounts payable and accrued liabilities | 704 | 160 | (3,330) |
| Increase (decrease) in estimated liability for taxes on income | 96 | (154) | (201) |
| Increase (decrease) in other liabilities | 23 | (26) | 19 |
| Other | (19) | (39) | 67 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 3,720 | 4,651 | 2,944 |
| Cash flows from investing activities: | |||
| Capital expenditures | (1,618) | (1,141) | (1,116) |
| APS investments | (587) | (474) | (303) |
| Exploration data capitalized | (97) | (39) | (101) |
| Net proceeds from divestitures | 434 | ||
| Proceeds from sale of Liberty shares | 732 | 109 | |
| Proceeds from sale of ADC shares | 223 | ||
| Proceeds from sale of real estate | 120 | ||
| Business acquisitions and investments, net of cash acquired | (58) | (103) | (33) |
| Sale (purchase) of short-term investments, net | 138 | 787 | (1,141) |
| Purchases of Blue Chip Swap securities | (259) | ||
| Proceeds from sales of Blue Chip Swap securities | 111 | ||
| Other | (93) | (58) | (93) |
| NET CASH USED IN INVESTING ACTIVITIES | (1,388) | (919) | (2,353) |
| Cash flows from financing activities: | |||
| Dividends paid | (848) | (699) | (1,734) |
| Proceeds from employee stock purchase plan | 142 | 137 | 146 |
| Proceeds from exercise of stock options | 81 | ||
| Taxes paid on net-settled stock-based compensation awards | (93) | (24) | (28) |
| Stock repurchase program | (26) | ||
| Proceeds from issuance of long-term debt | 34 | 5,837 | |
| Repayment of long-term debt | (1,650) | (2,076) | (4,975) |
| Net increase (decrease) in short-term borrowings | 37 | (105) | 156 |
| Repayment of finance lease-related obligations | (188) | ||
| Other | (51) | (91) | (61) |
| NET CASH USED IN FINANCING ACTIVITIES | (2,382) | (2,824) | (873) |
| Net increase (decrease) in cash before translation effect | (50) | 908 | (282) |
| Translation effect on cash | (52) | 5 | (11) |
| Cash, beginning of period | 1,757 | 844 | |
| Cash, end of period | 1,655 | 1,757 | 844 |
| [1] Includes depreciation of property, plant and equipment and amortization of intangible assets, exploration data costs and APS investments. | |||
| [2] Net of the effect of business acquisitions and divestitures. | |||
| External Links | |
| SCHLUMBERGER LIMITED/NV (SLB) Fiscal Year 2022 | |
| 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 |