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.
Paying user area
Try for free
Schlumberger Ltd. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Schlumberger Ltd. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Schlumberger Ltd., consolidated balance sheet: assets
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 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).
The financial data exhibits several key trends in asset composition over the five-year period from 2020 through 2024.
- Liquidity Position
- Cash balances showed a consistent and marked increase, rising from $844 million in 2020 to $3,544 million in 2024. This fourfold increase indicates a significant strengthening of immediate liquidity. Conversely, short-term investments steadily declined from $2,162 million in 2020 to $1,125 million in 2024, suggesting a possible strategic shift from less liquid investment holdings to more liquid cash reserves.
- Receivables and Inventories
- Receivables, net of doubtful accounts, displayed a robust upward trend, increasing from $5,247 million to $8,011 million over the period. Inventories also rose from $3,354 million to $4,375 million, peaking at $4,387 million in 2023 before a slight decline. The concurrent increase in receivables and inventories may indicate growing operational scale or higher sales volumes, although the accelerated growth in receivables warrants monitoring for potential collection risks.
- Other Current Assets and Total Current Assets
- Other current assets fluctuated but generally increased, with some volatility, from $1,312 million in 2020 to $1,515 million in 2024. Total current assets grew steadily from $12,919 million to $18,570 million, reflecting overall stronger short-term asset holdings.
- Non-Current Assets
- Within non-current assets, fixed assets net of depreciation rose moderately from $6,826 million to $7,359 million, indicating ongoing investments in property, plant, and equipment. Goodwill increased notably from $12,980 million to $14,593 million after a slight plateau in 2022, suggesting acquisitions or reassessments of acquired assets. Intangible assets showed a gradual decline from $3,455 million to $3,012 million, which may reflect amortization exceeding new capitalizations.
- Investments and Specialized Assets
- Investments in affiliated companies decreased from $2,061 million to $1,635 million, implying divestitures or write-downs. Investments in APS projects steadily increased, indicating ongoing commitments or expansions in specific project areas. Pension and other postretirement plan assets peaked in 2021 but declined sharply thereafter, potentially reflecting benefit payments or changes in actuarial valuations. Operating lease assets demonstrated variability but ended close to starting levels. Exploration data costs capitalized showed minor changes, rising slightly toward 2024.
- Fair Value Hedge Contracts and Other Assets
- The fair value of hedge contracts declined dramatically from $427 million to $14 million, reflecting a reduced hedge portfolio or marked-to-market valuation impacts. Other and other assets decreased moderately, suggesting cautious management or disposals in miscellaneous asset categories.
- Total Assets
- Total assets increased by approximately 15% from $42,434 million to $48,935 million, with the majority of growth occurring in current assets rather than non-current assets. This shift points to a balance sheet becoming more liquid and potentially more flexible.
Overall, the data suggests improved liquidity and working capital expansion accompanied by targeted growth in fixed and goodwill assets. The decrease in certain long-term investments and pension-related assets may reflect strategic portfolio adjustments and changing liabilities. The increase in total assets primarily driven by current assets signals an enhanced capacity to meet short-term obligations and possibly a preparation for future investments or operational needs.