Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

Balance Sheet: Assets 

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Schlumberger Ltd., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash 2,900 1,655 1,757 844 1,137
Short-term investments 1,089 1,239 1,382 2,162 1,030
Receivables less allowance for doubtful accounts 7,812 7,032 5,315 5,247 7,747
Inventories 4,387 3,999 3,272 3,354 4,130
Other current assets 1,530 1,078 928 1,312 1,486
Current assets 17,718 15,003 12,654 12,919 15,530
Investments in affiliated companies 1,624 1,581 2,044 2,061 1,565
Fixed assets less accumulated depreciation 7,240 6,607 6,429 6,826 9,270
Goodwill 14,084 12,982 12,990 12,980 16,042
Intangible assets 3,239 2,992 3,211 3,455 7,089
Investments in APS projects 2,111 2,023 1,786 1,713
Pension and other postretirement plan assets 629 904 1,034 360
Operating lease assets 718 538 553 710 1,300
Exploration data costs capitalized 151 141 154 317 568
Fair value of hedge contracts 65 1 66 427
Other 378 363 590 666 4,948
Other assets 4,052 3,970 4,183 4,193 6,816
Non-current assets 30,239 28,132 28,857 29,515 40,782
Total assets 47,957 43,135 41,511 42,434 56,312

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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Schlumberger Ltd. current assets increased from 2021 to 2022 and from 2022 to 2023.
Fixed assets less accumulated depreciation Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Schlumberger Ltd. fixed assets less accumulated depreciation increased from 2021 to 2022 and from 2022 to 2023.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Schlumberger Ltd. non-current assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Schlumberger Ltd. total assets increased from 2021 to 2022 and from 2022 to 2023.

Current Assets: Selected Items

Balance sheet item Description The company
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Schlumberger Ltd. short-term investments decreased from 2021 to 2022 and from 2022 to 2023.
Receivables less allowance for doubtful accounts The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Schlumberger Ltd. receivables less allowance for doubtful accounts increased from 2021 to 2022 and from 2022 to 2023.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Schlumberger Ltd. inventories increased from 2021 to 2022 and from 2022 to 2023.