Stock Analysis on Net
Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

Common-Size Income Statement

Schlumberger Ltd., common-size consolidated income statement

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12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Services 67.72 69.60 68.04 70.05 74.00
Product sales 32.28 30.40 31.96 29.95 26.00
Revenue 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of services -52.00 -54.23 -57.26 -62.18 -63.27
Cost of sales -28.19 -27.40 -26.79 -26.80 -23.98
Cost of revenue -80.19% -81.63% -84.05% -88.98% -87.25%
Gross margin 19.81% 18.37% 15.95% 11.02% 12.75%
Research & engineering -2.15 -2.26 -2.42 -2.46 -2.18
General & administrative -1.10 -1.34 -1.48 -1.55 -1.44
Merger & integration -0.14 0.00 0.00 0.00 0.00
Impairments & other 0.00 0.00 0.00 -53.63 -39.94
Operating income (loss) 16.43% 14.78% 12.06% -46.62% -30.81%
Earnings of equity method investments 0.62 0.58 0.17 0.39 0.14
Interest income 0.30 0.35 0.14 0.14 0.12
Gain on sale of Liberty shares 0.11 1.16 0.12 0.00 0.00
Loss on Blue Chip Swap transactions 0.00 -0.49 0.00 0.00 0.00
Gain on ADC equity investment 0.00 0.38 0.00 0.00 0.00
Gain on sale of real estate 0.00 0.15 0.00 0.00 0.00
Gain on repurchase of bonds 0.00 0.04 0.00 0.00 0.00
Unrealized gain on marketable securities 0.00 0.00 0.20 0.17 0.00
Gains on sales of businesses 0.00 0.00 0.00 0.44 0.75
Interest & other income, net 1.03% 2.17% 0.65% 1.13% 1.01%
Interest expense -1.52 -1.74 -2.35 -2.39 -1.85
Income (loss) before taxes 15.94% 15.20% 10.35% -47.87% -31.65%
Tax (expense) benefit -3.04 -2.77 -1.95 3.44 0.94
Net income (loss) 12.90% 12.43% 8.41% -44.43% -30.70%
Net income attributable to noncontrolling interests -0.22 -0.18 -0.20 -0.14 -0.09
Net income (loss) attributable to SLB 12.68% 12.25% 8.20% -44.57% -30.80%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Schlumberger Ltd. operating income (loss) as a percentage of revenue increased from 2021 to 2022 and from 2022 to 2023.
Income (loss) before taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Schlumberger Ltd. income (loss) before taxes as a percentage of revenue increased from 2021 to 2022 and from 2022 to 2023.
Net income (loss) attributable to SLB The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Schlumberger Ltd. net income (loss) attributable to SLB as a percentage of revenue increased from 2021 to 2022 and from 2022 to 2023.