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10-Q Filing

SLB LIMITED/NV CIK: 87347 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001564590-21-021157
Period End Date 20210331
Filing Date 20210428
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance slb-10q_20210331_htm.xml
Balance Sheet 66 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts on receivable AllowanceForDoubtfulAccountsReceivableCurrent $319.00M USD Point-in-time
Allowance for doubtful accounts on receivable AllowanceForDoubtfulAccountsReceivableCurrent $301.00M USD Point-in-time
Cash Cash $1.14B USD Point-in-time
Cash Cash $1.38B USD Point-in-time
Cash Cash $1.27B USD Point-in-time
Cash Cash $844.00M USD Point-in-time
Short-term investments ShortTermInvestments $2.16B USD Point-in-time
Short-term investments ShortTermInvestments $1.64B USD Point-in-time
Receivables less allowance for doubtful accounts (2021 - $319; 2020 - $301) ReceivablesNetCurrent $5.27B USD Point-in-time
Receivables less allowance for doubtful accounts (2021 - $319; 2020 - $301) ReceivablesNetCurrent $5.25B USD Point-in-time
Inventories InventoryNet $3.30B USD Point-in-time
Inventories InventoryNet $3.35B USD Point-in-time
Other current assets OtherAssetsCurrent $1.32B USD Point-in-time
Other current assets OtherAssetsCurrent $1.31B USD Point-in-time
Current assets total AssetsCurrent $12.81B USD Point-in-time
Current assets total AssetsCurrent $12.92B USD Point-in-time
Investments in Affiliated Companies InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $2.06B USD Point-in-time
Investments in Affiliated Companies InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $2.09B USD Point-in-time
Fixed Assets less accumulated depreciation PropertyPlantAndEquipmentNet $6.83B USD Point-in-time
Fixed Assets less accumulated depreciation PropertyPlantAndEquipmentNet $6.62B USD Point-in-time
Multiclient Seismic Data MulticlientSeismicData $298.00M USD Point-in-time
Multiclient Seismic Data MulticlientSeismicData $317.00M USD Point-in-time
Goodwill Goodwill $12.98B USD Point-in-time
Goodwill Goodwill $12.98B USD Point-in-time
Intangible Assets FiniteLivedIntangibleAssetsNet $3.46B USD Point-in-time
Intangible Assets FiniteLivedIntangibleAssetsNet $3.40B USD Point-in-time
Other Assets OtherAssetsNoncurrent $3.85B USD Point-in-time
Other Assets OtherAssetsNoncurrent $3.88B USD Point-in-time
Total Assets Assets $42.43B USD Point-in-time
Total Assets Assets $42.04B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $8.44B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $7.96B USD Point-in-time
Estimated liability for taxes on income AccruedIncomeTaxesCurrent $1.01B USD Point-in-time
Estimated liability for taxes on income AccruedIncomeTaxesCurrent $983.00M USD Point-in-time
Short-term borrowings and current portion of long-term debt ShortTermBorrowingsAndLongTermDebtCurrent $850.00M USD Point-in-time
Short-term borrowings and current portion of long-term debt ShortTermBorrowingsAndLongTermDebtCurrent $749.00M USD Point-in-time
Dividends payable DividendsPayableCurrent $185.00M USD Point-in-time
Dividends payable DividendsPayableCurrent $184.00M USD Point-in-time
Current Liabilities Total LiabilitiesCurrent $10.49B USD Point-in-time
Current Liabilities Total LiabilitiesCurrent $9.87B USD Point-in-time
Long-term Debt LongTermDebtNoncurrent $16.04B USD Point-in-time
Long-term Debt LongTermDebtNoncurrent $15.83B USD Point-in-time
Postretirement Benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $1.05B USD Point-in-time
Postretirement Benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $1.00B USD Point-in-time
Other Liabilities OtherLiabilitiesNoncurrent $2.37B USD Point-in-time
Other Liabilities OtherLiabilitiesNoncurrent $2.35B USD Point-in-time
Total Liabilities Liabilities $29.06B USD Point-in-time
Total Liabilities Liabilities $29.95B USD Point-in-time
Common stock CommonStockValue $12.97B USD Point-in-time
Common stock CommonStockValue $12.66B USD Point-in-time
Treasury stock TreasuryStockValue $2.60B USD Point-in-time
Treasury stock TreasuryStockValue $3.03B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $7.14B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $7.02B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.88B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.66B USD Point-in-time
Schlumberger stockholders equity StockholdersEquity $12.07B USD Point-in-time
Schlumberger stockholders equity StockholdersEquity $12.54B USD Point-in-time
Noncontrolling interests MinorityInterest $418.00M USD Point-in-time
Noncontrolling interests MinorityInterest $429.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $24.18B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.97B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.98B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.49B USD Point-in-time
Liabilities and stockholders equity LiabilitiesAndStockholdersEquity $42.04B USD Point-in-time
Liabilities and stockholders equity LiabilitiesAndStockholdersEquity $42.43B USD Point-in-time
Income Statement 29 line items
Line Item Tag Value Unit Period
Total Revenue RevenueFromContractWithCustomerExcludingAssessedTax $7.46B USD 1 Quarter
Total Revenue RevenueFromContractWithCustomerExcludingAssessedTax $5.22B USD 1 Quarter
Interest & other income InterestIncomeAndOther $39.00M USD 1 Quarter
Interest & other income InterestIncomeAndOther $19.00M USD 1 Quarter
Research & engineering ResearchAndDevelopmentExpense $135.00M USD 1 Quarter
Research & engineering ResearchAndDevelopmentExpense $173.00M USD 1 Quarter
General & administrative GeneralAndAdministrativeExpense $81.00M USD 1 Quarter
General & administrative GeneralAndAdministrativeExpense $127.00M USD 1 Quarter
Impairments & other EquityMethodInvestmentOtherThanTemporaryImpairmentAndForeignCurrencyDevaluationLoss $8.52B USD 1 Quarter
Interest InterestExpense $136.00M USD 1 Quarter
Interest InterestExpense $136.00M USD 1 Quarter
Income (loss) before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-8.09B USD 1 Quarter
Income (loss) before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $386.00M USD 1 Quarter
Tax expense (benefit) IncomeTaxExpenseBenefit $74.00M USD 1 Quarter
Tax expense (benefit) IncomeTaxExpenseBenefit $-721.00M USD 1 Quarter
Net income (loss) ProfitLoss $312.00M USD 1 Quarter
Net income (loss) ProfitLoss $-7.37B USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $13.00M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $8.00M USD 1 Quarter
Net income (loss) attributable to Schlumberger NetIncomeLoss $-7.38B USD 1 Quarter
Net income (loss) attributable to Schlumberger NetIncomeLoss $299.00M USD 1 Quarter
Basic income (loss) per share of Schlumberger EarningsPerShareBasic $0.21 USD 1 Quarter
Basic income (loss) per share of Schlumberger EarningsPerShareBasic $-5.32 USD 1 Quarter
Diluted income (loss) per share of Schlumberger EarningsPerShareDiluted $0.21 USD 1 Quarter
Diluted income (loss) per share of Schlumberger EarningsPerShareDiluted $-5.32 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 1.40B shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 1.39B shares 1 Quarter
Assuming dilution WeightedAverageNumberOfDilutedSharesOutstanding 1.42B shares 1 Quarter
Assuming dilution WeightedAverageNumberOfDilutedSharesOutstanding 1.39B shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $312.00M USD 1 Quarter
Net income (loss) ProfitLoss $-7.37B USD 1 Quarter
Impairments and other charges OtherAssetImpairmentCharges $8.52B USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $532.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $792.00M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $-781.00M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $-29.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $108.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $84.00M USD 1 Quarter
Earnings of equity method investments, less dividends received IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $13.00M USD 1 Quarter
Earnings of equity method investments, less dividends received IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $10.00M USD 1 Quarter
(Increase) decrease in receivables IncreaseDecreaseInReceivables $-233.00M USD 1 Quarter
(Increase) decrease in receivables IncreaseDecreaseInReceivables $16.00M USD 1 Quarter
Decrease (increase) in inventories IncreaseDecreaseInInventories $-49.00M USD 1 Quarter
Decrease (increase) in inventories IncreaseDecreaseInInventories $42.00M USD 1 Quarter
(Increase) decrease in other current assets IncreaseDecreaseInOtherCurrentAssets $-15.00M USD 1 Quarter
(Increase) decrease in other current assets IncreaseDecreaseInOtherCurrentAssets $17.00M USD 1 Quarter
Decrease (increase) in other assets IncreaseDecreaseInOtherNoncurrentAssets $-11.00M USD 1 Quarter
Decrease (increase) in other assets IncreaseDecreaseInOtherNoncurrentAssets $7.00M USD 1 Quarter
Decrease in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-438.00M USD 1 Quarter
Decrease in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-640.00M USD 1 Quarter
Decrease in estimated liability for taxes on income IncreaseDecreaseInAccruedIncomeTaxesPayable $-33.00M USD 1 Quarter
Decrease in estimated liability for taxes on income IncreaseDecreaseInAccruedIncomeTaxesPayable $-48.00M USD 1 Quarter
Decrease in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-18.00M USD 1 Quarter
Decrease in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-37.00M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $-46.00M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $-5.00M USD 1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $429.00M USD 1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $784.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $178.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $407.00M USD 1 Quarter
APS investments PaymentsToAcquireInvestments $85.00M USD 1 Quarter
APS investments PaymentsToAcquireInvestments $163.00M USD 1 Quarter
Multiclient seismic data costs capitalized PaymentsForProceedsFromCapitalizedCostsSupportEquipmentAndFacilities $-35.00M USD 1 Quarter
Multiclient seismic data costs capitalized PaymentsForProceedsFromCapitalizedCostsSupportEquipmentAndFacilities $-7.00M USD 1 Quarter
Business acquisitions and investments, net of cash acquired PaymentsToAcquireBusinessesAndInterestInAffiliates $13.00M USD 1 Quarter
Sale (purchase) of investments, net PaymentsForProceedsFromInvestments1 $941.00M USD 1 Quarter
Sale (purchase) of investments, net PaymentsForProceedsFromInvestments1 $-520.00M USD 1 Quarter
Net proceeds from divestitures ProceedsFromDivestitureOfBusinesses $298.00M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $64.00M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $26.00M USD 1 Quarter
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-1.31B USD 1 Quarter
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $211.00M USD 1 Quarter
Dividends paid PaymentsOfDividends $174.00M USD 1 Quarter
Dividends paid PaymentsOfDividends $692.00M USD 1 Quarter
Proceeds from employee stock purchase plan ProceedsFromStockPlans $85.00M USD 1 Quarter
Proceeds from employee stock purchase plan ProceedsFromStockPlans $62.00M USD 1 Quarter
Stock repurchase program PaymentsForRepurchaseOfEquity $26.00M USD 1 Quarter
Proceeds from issuance of long-term debt ProceedsFromIssuanceOfLongTermDebt $134.00M USD 1 Quarter
Proceeds from issuance of long-term debt ProceedsFromIssuanceOfLongTermDebt $1.48B USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $90.00M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $98.00M USD 1 Quarter
Net (decrease) increase in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-101.00M USD 1 Quarter
Net (decrease) increase in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $34.00M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-35.00M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-9.00M USD 1 Quarter
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $-212.00M USD 1 Quarter
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $777.00M USD 1 Quarter
Net increase in cash before translation effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $249.00M USD 1 Quarter
Net increase in cash before translation effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $428.00M USD 1 Quarter
Translation effect on cash EffectOfExchangeRateOnCash $-4.00M USD 1 Quarter
Translation effect on cash EffectOfExchangeRateOnCash $-11.00M USD 1 Quarter
Cash, beginning of period Cash $1.14B USD Point-in-time
Cash, beginning of period Cash $1.38B USD Point-in-time
Cash, beginning of period Cash $1.27B USD Point-in-time
Cash, beginning of period Cash $844.00M USD Point-in-time
Cash, end of period Cash $1.14B USD Point-in-time
Cash, end of period Cash $1.38B USD Point-in-time
Cash, end of period Cash $1.27B USD Point-in-time
Cash, end of period Cash $844.00M USD Point-in-time
Stockholders Equity 31 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $24.18B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.97B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.98B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.49B USD Point-in-time
Balance, shares SharesOutstanding 1.39B shares Point-in-time
Balance, shares SharesOutstanding 1.40B shares Point-in-time
Net income (loss) ProfitLoss $312.00M USD 1 Quarter
Net income (loss) ProfitLoss $-7.37B USD 1 Quarter
Currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $12.00M USD 1 Quarter
Currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-128.00M USD 1 Quarter
Changes in fair value of cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $148.00M USD 1 Quarter
Changes in fair value of cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-202.00M USD 1 Quarter
Pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-58.00M USD 1 Quarter
Pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-42.00M USD 1 Quarter
Vesting of restricted stock StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $85.00M USD 1 Quarter
Vesting of restricted stock, shares StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures 2.00M shares 1 Quarter
Shares issued under employee stock purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $62.00M USD 1 Quarter
Shares issued under employee stock purchase plan, shares StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans 4.00M shares 1 Quarter
Stock repurchase program TreasuryStockValueAcquiredCostMethod $26.00M USD 1 Quarter
Stock-based compensation expense StockIssuedDuringPeriodValueShareBasedCompensation $84.00M USD 1 Quarter
Stock-based compensation expense StockIssuedDuringPeriodValueShareBasedCompensation $108.00M USD 1 Quarter
Dividends declared DividendsCash $175.00M USD 1 Quarter
Dividends declared DividendsCash $694.00M USD 1 Quarter
Other StockholdersEquityOther $-10.00M USD 1 Quarter
Other StockholdersEquityOther $-18.00M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $24.18B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.97B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.98B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.49B USD Point-in-time
Balance, shares SharesOutstanding 1.39B shares Point-in-time
Balance, shares SharesOutstanding 1.40B shares Point-in-time
Comprehensive Income 19 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $312.00M USD 1 Quarter
Net income (loss) ProfitLoss $-7.37B USD 1 Quarter
Unrealized net change arising during the period OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-125.00M USD 1 Quarter
Unrealized net change arising during the period OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $14.00M USD 1 Quarter
Net gain (loss) on cash flow hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-203.00M USD 1 Quarter
Net gain (loss) on cash flow hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $150.00M USD 1 Quarter
Reclassification to net income (loss) of net realized (gain) loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-1.00M USD 1 Quarter
Reclassification to net income (loss) of net realized (gain) loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $2.00M USD 1 Quarter
Amortization to net income (loss) of net actuarial loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-63.00M USD 1 Quarter
Amortization to net income (loss) of net actuarial loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-51.00M USD 1 Quarter
Amortization to net income (loss) of net prior service credit OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-5.00M USD 1 Quarter
Amortization to net income (loss) of net prior service credit OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-5.00M USD 1 Quarter
Income taxes on pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-4.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-7.65B USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $532.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $8.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $13.00M USD 1 Quarter
Comprehensive income (loss) attributable to Schlumberger ComprehensiveIncomeNetOfTax $-7.66B USD 1 Quarter
Comprehensive income (loss) attributable to Schlumberger ComprehensiveIncomeNetOfTax $519.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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