Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Schlumberger Ltd., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income (loss)	4,275)	3,492)	1,928)	(10,486)	(10,107)
Charges and credits	110)	(347)	(65)	12,515)	12,901)
Depreciation and amortization, includes depreciation of fixed assets and amortization of intangible assets, exploration data costs and APS investments	2,312)	2,147)	2,120)	2,566)	3,589)
Deferred taxes	28)	(39)	(31)	(1,248)	(1,011)
Stock-based compensation expense	293)	313)	324)	397)	405)
Earnings of equity method investments, less dividends received	(132)	(96)	10)	(28)	6)
(Increase) decrease in receivables	(659)	(1,728)	(36)	2,345)	142)
(Increase) decrease in inventories	(254)	(737)	75)	86)	(314)
(Increase) decrease in other current assets	121)	(44)	387)	267)	(68)
(Increase) decrease in other assets	(10)	(45)	(2)	(25)	22)
Increase (decrease) in accounts payable and accrued liabilities	724)	704)	160)	(3,330)	(161)
Increase (decrease) in estimated liability for taxes on income	(62)	96)	(154)	(201)	6)
Increase (decrease) in other liabilities	(76)	23)	(26)	19)	(52)
Other	(33)	(19)	(39)	67)	73)
Change in assets and liabilities, net of the effect of business acquisitions and divestitures	(249)	(1,750)	365)	(772)	(352)
Adjustments to reconcile net income (loss) to cash provided by operating activities	2,362)	228)	2,723)	13,430)	15,538)
Net cash provided by operating activities	6,637)	3,720)	4,651)	2,944)	5,431)
Capital expenditures	(1,939)	(1,618)	(1,141)	(1,116)	(1,724)
APS investments	(507)	(587)	(474)	(303)	(781)
Exploration data capitalized	(153)	(97)	(39)	(101)	(231)
Net proceeds from divestitures	—)	—)	—)	434)	348)
Proceeds from sale of Liberty shares	137)	732)	109)	—)	—)
Proceeds from sale of ADC shares	—)	223)	—)	—)	—)
Proceeds from sale of real estate	—)	120)	—)	—)	—)
Proceeds from formation of Sensia joint venture	—)	—)	—)	—)	238)
Business acquisitions and investments, net of cash acquired	(242)	(58)	(103)	(33)	(23)
(Purchase) sale of short-term investments, net	117)	138)	787)	(1,141)	317)
Purchases of Blue Chip Swap securities	(185)	(259)	—)	—)	—)
Proceeds from sales of Blue Chip Swap securities	97)	111)	—)	—)	—)
Other	(108)	(93)	(58)	(93)	(155)
Net cash used in investing activities	(2,783)	(1,388)	(919)	(2,353)	(2,011)
Dividends paid	(1,317)	(848)	(699)	(1,734)	(2,769)
Proceeds from employee stock purchase plan	191)	142)	137)	146)	196)
Proceeds from exercise of stock options	90)	81)	—)	—)	23)
Taxes paid on net-settled stock-based compensation awards	(169)	(93)	(24)	(28)	—)
Stock repurchase program	(694)	—)	—)	(26)	(278)
Proceeds from issuance of long-term debt	994)	—)	34)	5,837)	4,004)
Repayment of long-term debt	(1,578)	(1,650)	(2,076)	(4,975)	(4,799)
Net increase (decrease) in short-term borrowings	2)	37)	(105)	156)	(44)
Repayment of finance lease-related obligations	—)	—)	—)	(188)	—)
Other	(31)	(51)	(91)	(61)	(51)
Net cash used in financing activities	(2,512)	(2,382)	(2,824)	(873)	(3,718)
Impact of changes in exchange rates on cash	(97)	(52)	5)	(11)	2)
Net increase (decrease) in cash	1,245)	(102)	913)	(293)	(296)
Cash, beginning of period	1,655)	1,757)	844)	1,137)	1,433)
Cash, end of period	2,900)	1,655)	1,757)	844)	1,137)

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).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Schlumberger Ltd. net cash provided by operating activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Schlumberger Ltd. net cash used in investing activities decreased from 2021 to 2022 and from 2022 to 2023.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Schlumberger Ltd. net cash used in financing activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

Schlumberger Ltd. (NYSE:SLB)

Cash Flow Statement