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10-Q Filing

SLB LIMITED/NV CIK: 87347 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001564590-22-015889
Period End Date 20220331
Filing Date 20220427
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance slb-10q_20220331_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 $319.00M USD Point-in-time
Cash Cash $1.76B USD Point-in-time
Cash Cash $1.60B USD Point-in-time
Cash Cash $1.27B USD Point-in-time
Cash Cash $844.00M USD Point-in-time
Short-term investments ShortTermInvestments $1.38B USD Point-in-time
Short-term investments ShortTermInvestments $1.05B USD Point-in-time
Receivables less allowance for doubtful accounts (2022 - $319; 2021 - $319) ReceivablesNetCurrent $5.71B USD Point-in-time
Receivables less allowance for doubtful accounts (2022 - $319; 2021 - $319) ReceivablesNetCurrent $5.32B USD Point-in-time
Inventories InventoryNet $3.72B USD Point-in-time
Inventories InventoryNet $3.27B USD Point-in-time
Other current assets OtherAssetsCurrent $928.00M USD Point-in-time
Other current assets OtherAssetsCurrent $1.17B USD Point-in-time
Current assets total AssetsCurrent $12.65B USD Point-in-time
Current assets total AssetsCurrent $13.25B USD Point-in-time
Investments in Affiliated Companies InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $2.04B USD Point-in-time
Investments in Affiliated Companies InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $1.96B USD Point-in-time
Fixed Assets less accumulated depreciation PropertyPlantAndEquipmentNet $6.35B USD Point-in-time
Fixed Assets less accumulated depreciation PropertyPlantAndEquipmentNet $6.43B USD Point-in-time
Goodwill Goodwill $12.99B USD Point-in-time
Goodwill Goodwill $12.98B USD Point-in-time
Intangible Assets FiniteLivedIntangibleAssetsNet $3.16B USD Point-in-time
Intangible Assets FiniteLivedIntangibleAssetsNet $3.21B USD Point-in-time
Other Assets OtherAssetsNoncurrent $4.18B USD Point-in-time
Other Assets OtherAssetsNoncurrent $4.27B USD Point-in-time
Total Assets Assets $41.51B USD Point-in-time
Total Assets Assets $41.97B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $8.38B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $8.64B USD Point-in-time
Estimated liability for taxes on income AccruedIncomeTaxesCurrent $940.00M USD Point-in-time
Estimated liability for taxes on income AccruedIncomeTaxesCurrent $879.00M USD Point-in-time
Short-term borrowings and current portion of long-term debt ShortTermBorrowingsAndLongTermDebtCurrent $909.00M USD Point-in-time
Short-term borrowings and current portion of long-term debt ShortTermBorrowingsAndLongTermDebtCurrent $923.00M USD Point-in-time
Dividends payable DividendsPayableCurrent $195.00M USD Point-in-time
Dividends payable DividendsPayableCurrent $189.00M USD Point-in-time
Current Liabilities Total LiabilitiesCurrent $10.70B USD Point-in-time
Current Liabilities Total LiabilitiesCurrent $10.36B USD Point-in-time
Long-term Debt LongTermDebtNoncurrent $13.16B USD Point-in-time
Long-term Debt LongTermDebtNoncurrent $13.29B USD Point-in-time
Postretirement Benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $232.00M USD Point-in-time
Postretirement Benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $231.00M USD Point-in-time
Deferred Taxes DeferredIncomeTaxLiabilitiesNet $77.00M USD Point-in-time
Deferred Taxes DeferredIncomeTaxLiabilitiesNet $94.00M USD Point-in-time
Other Liabilities OtherLiabilitiesNoncurrent $2.25B USD Point-in-time
Other Liabilities OtherLiabilitiesNoncurrent $2.16B USD Point-in-time
Total Liabilities Liabilities $26.33B USD Point-in-time
Total Liabilities Liabilities $26.23B USD Point-in-time
Common stock CommonStockValue $11.96B USD Point-in-time
Common stock CommonStockValue $12.61B USD Point-in-time
Treasury stock TreasuryStockValue $1.50B USD Point-in-time
Treasury stock TreasuryStockValue $2.23B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $8.20B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $8.53B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.64B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.57B USD Point-in-time
Schlumberger stockholders equity StockholdersEquity $15.00B USD Point-in-time
Schlumberger stockholders equity StockholdersEquity $15.35B USD Point-in-time
Noncontrolling interests MinorityInterest $292.00M USD Point-in-time
Noncontrolling interests MinorityInterest $282.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.97B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.49B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.29B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.64B USD Point-in-time
Liabilities and stockholders equity LiabilitiesAndStockholdersEquity $41.51B USD Point-in-time
Liabilities and stockholders equity LiabilitiesAndStockholdersEquity $41.97B USD Point-in-time
Income Statement 28 line items
Line Item Tag Value Unit Period
Total Revenue RevenueFromContractWithCustomerExcludingAssessedTax $5.22B USD 1 Quarter
Total Revenue RevenueFromContractWithCustomerExcludingAssessedTax $5.96B USD 1 Quarter
Interest & other income InterestIncomeAndOther $19.00M USD 1 Quarter
Interest & other income InterestIncomeAndOther $50.00M USD 1 Quarter
Research & engineering ResearchAndDevelopmentExpense $141.00M USD 1 Quarter
Research & engineering ResearchAndDevelopmentExpense $135.00M USD 1 Quarter
General & administrative GeneralAndAdministrativeExpense $81.00M USD 1 Quarter
General & administrative GeneralAndAdministrativeExpense $97.00M USD 1 Quarter
Interest InterestExpense $123.00M USD 1 Quarter
Interest InterestExpense $136.00M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $386.00M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $638.00M USD 1 Quarter
Tax expense IncomeTaxExpenseBenefit $118.00M USD 1 Quarter
Tax expense IncomeTaxExpenseBenefit $74.00M USD 1 Quarter
Net income ProfitLoss $520.00M USD 1 Quarter
Net income ProfitLoss $312.00M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $13.00M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $10.00M USD 1 Quarter
Net income attributable to Schlumberger NetIncomeLoss $510.00M USD 1 Quarter
Net income attributable to Schlumberger NetIncomeLoss $299.00M USD 1 Quarter
Basic income per share of Schlumberger EarningsPerShareBasic $0.36 USD 1 Quarter
Basic income per share of Schlumberger EarningsPerShareBasic $0.21 USD 1 Quarter
Diluted income per share of Schlumberger EarningsPerShareDiluted $0.36 USD 1 Quarter
Diluted income per share of Schlumberger EarningsPerShareDiluted $0.21 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 1.41B shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 1.40B shares 1 Quarter
Assuming dilution WeightedAverageNumberOfDilutedSharesOutstanding 1.43B shares 1 Quarter
Assuming dilution WeightedAverageNumberOfDilutedSharesOutstanding 1.42B shares 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $520.00M USD 1 Quarter
Net income ProfitLoss $312.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $533.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $532.00M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $-29.00M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $-14.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $89.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $84.00M USD 1 Quarter
Earnings of equity method investments, less dividends received IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $-6.00M USD 1 Quarter
Earnings of equity method investments, less dividends received IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $13.00M USD 1 Quarter
Increase in receivables IncreaseDecreaseInReceivables $16.00M USD 1 Quarter
Increase in receivables IncreaseDecreaseInReceivables $404.00M USD 1 Quarter
(Increase) decrease in inventories IncreaseDecreaseInInventories $-49.00M USD 1 Quarter
(Increase) decrease in inventories IncreaseDecreaseInInventories $464.00M USD 1 Quarter
Increase in other current assets IncreaseDecreaseInOtherCurrentAssets $177.00M USD 1 Quarter
Increase in other current assets IncreaseDecreaseInOtherCurrentAssets $17.00M USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherNoncurrentAssets $25.00M USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherNoncurrentAssets $-11.00M USD 1 Quarter
Increase (decrease) in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $89.00M USD 1 Quarter
Increase (decrease) in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-438.00M USD 1 Quarter
Increase (decrease) in estimated liability for taxes on income IncreaseDecreaseInAccruedIncomeTaxesPayable $-33.00M USD 1 Quarter
Increase (decrease) in estimated liability for taxes on income IncreaseDecreaseInAccruedIncomeTaxesPayable $8.00M USD 1 Quarter
Decrease in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-5.00M USD 1 Quarter
Decrease in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-18.00M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $-5.00M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $25.00M USD 1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $429.00M USD 1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $131.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $304.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $178.00M USD 1 Quarter
APS investments PaymentsToAcquireInvestments $168.00M USD 1 Quarter
APS investments PaymentsToAcquireInvestments $85.00M USD 1 Quarter
Multiclient seismic data costs capitalized PaymentsForProceedsFromCapitalizedCostsSupportEquipmentAndFacilities $40.00M 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
Proceeds from sale of Liberty shares ProceedsFromSaleOfLibertyShares $84.00M USD 1 Quarter
Sale of investments, net ProceedsFromInvestments1 $-520.00M USD 1 Quarter
Sale of investments, net ProceedsFromInvestments1 $-336.00M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $23.00M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $26.00M USD 1 Quarter
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $211.00M USD 1 Quarter
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-115.00M USD 1 Quarter
Dividends paid PaymentsOfDividends $174.00M USD 1 Quarter
Dividends paid PaymentsOfDividends $175.00M USD 1 Quarter
Taxes paid on net settled stock-based compensation awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $18.00M USD 1 Quarter
Taxes paid on net settled stock-based compensation awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $81.00M USD 1 Quarter
Proceeds from employee stock purchase plan ProceedsFromStockPlans $62.00M USD 1 Quarter
Proceeds from employee stock purchase plan ProceedsFromStockPlans $64.00M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $7.00M USD 1 Quarter
Proceeds from issuance of long-term debt ProceedsFromIssuanceOfLongTermDebt $134.00M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $98.00M USD 1 Quarter
Net increase (decrease) in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-101.00M USD 1 Quarter
Net increase (decrease) in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $16.00M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-17.00M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-1.00M USD 1 Quarter
NET CASH USED IN FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $-212.00M USD 1 Quarter
NET CASH USED IN FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $-170.00M USD 1 Quarter
Net (decrease) increase in cash before translation effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-154.00M USD 1 Quarter
Net (decrease) increase in cash before translation effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $428.00M USD 1 Quarter
Translation effect on cash EffectOfExchangeRateOnCash $-3.00M USD 1 Quarter
Translation effect on cash EffectOfExchangeRateOnCash $-4.00M USD 1 Quarter
Cash, beginning of period Cash $1.76B USD Point-in-time
Cash, beginning of period Cash $1.60B 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 $1.76B USD Point-in-time
Cash, end of period Cash $1.60B 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 32 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.97B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.49B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.29B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.64B USD Point-in-time
Balance, shares SharesOutstanding 1.40B shares Point-in-time
Balance, shares SharesOutstanding 1.41B shares Point-in-time
Net income ProfitLoss $520.00M USD 1 Quarter
Net income ProfitLoss $312.00M USD 1 Quarter
Currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $12.00M USD 1 Quarter
Currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-106.00M USD 1 Quarter
Changes in fair value of cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $26.00M USD 1 Quarter
Changes in fair value of cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $148.00M USD 1 Quarter
Pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-11.00M USD 1 Quarter
Pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-58.00M USD 1 Quarter
Shares sold to optionees, less shares exchanged StockIssuedDuringPeriodValueStockOptionsExercised $6.00M USD 1 Quarter
Vesting of restricted stock, net of taxes withheld StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $-18.00M USD 1 Quarter
Vesting of restricted stock, net of taxes withheld StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $-81.00M USD 1 Quarter
Vesting of restricted stock, shares StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures 8.00M shares 1 Quarter
Shares issued under employee stock purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $64.00M USD 1 Quarter
Shares issued under employee stock purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $62.00M USD 1 Quarter
Shares issued under employee stock purchase plan, shares StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans 2.00M shares 1 Quarter
Stock-based compensation expense StockIssuedDuringPeriodValueShareBasedCompensation $84.00M USD 1 Quarter
Stock-based compensation expense StockIssuedDuringPeriodValueShareBasedCompensation $89.00M USD 1 Quarter
Dividends declared DividendsCash $177.00M USD 1 Quarter
Dividends declared DividendsCash $175.00M USD 1 Quarter
Other StockholdersEquityOther $1.00M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.97B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.49B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.29B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.64B USD Point-in-time
Balance, shares SharesOutstanding 1.40B shares Point-in-time
Balance, shares SharesOutstanding 1.41B shares Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $520.00M USD 1 Quarter
Net income ProfitLoss $312.00M USD 1 Quarter
Unrealized net change arising during the period OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $14.00M USD 1 Quarter
Unrealized net change arising during the period OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-106.00M USD 1 Quarter
Net gain on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $9.00M USD 1 Quarter
Net gain on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $150.00M USD 1 Quarter
Reclassification to net income of net realized loss (income) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $2.00M USD 1 Quarter
Reclassification to net income of net realized loss (income) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-17.00M USD 1 Quarter
Amortization to net income of net actuarial loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-63.00M USD 1 Quarter
Amortization to net income of net actuarial loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-16.00M USD 1 Quarter
Amortization to net income of net prior service credit OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-5.00M USD 1 Quarter
Amortization to net income of net prior service credit OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-5.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $451.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $532.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $13.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $10.00M USD 1 Quarter
Comprehensive income attributable to Schlumberger ComprehensiveIncomeNetOfTax $519.00M USD 1 Quarter
Comprehensive income attributable to Schlumberger ComprehensiveIncomeNetOfTax $441.00M USD 1 Quarter

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

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