Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

Cash Flow Statement 
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income (loss) 1,218 1,145 1,098 1,148 1,137 1,046 944 1,082 920 970 520 611 562 443 312 382 (72) (3,428) (7,368) 343 (11,373) 493 430
Charges and credits 112 142 25 146 (36) (62) (285) (18) (47) (81) 349 3,724 8,523 209 12,692
Depreciation and amortization, includes depreciation of fixed assets and amortization of intangible assets, exploration data costs, and Asset Performance Solutions (APS) investments 640 631 600 609 579 561 563 549 533 532 533 532 530 526 532 583 587 604 792 848 900 938 903
Deferred taxes 61 1 (30) (66) (24) 6 112 (42) (8) 25 (14) 2 (15) 11 (29) (101) (97) (269) (781) (178) (732) (29) (72)
Stock-based compensation expense 71 73 100 75 58 79 81 77 76 71 89 95 73 72 84 79 105 105 108 76 135 86 108
Earnings of equity method investments, less dividends received (21) 28 (16) (12) (41) (47) (32) (44) (30) (28) 6 4 21 (2) (13) (10) 8 (16) (10) 4 2 (3) 3
(Increase) decrease in receivables 359 (326) (429) 344 (389) (105) (509) (426) (415) (483) (404) 61 17 (98) (16) 186 249 1,677 233 571 152 (301) (280)
(Increase) decrease in inventories (94) 23 (172) 80 34 (80) (288) 112 (197) (188) (464) 21 (32) 37 49 110 50 (32) (42) 86 (68) (135) (197)
(Increase) decrease in other current assets (84) 61 46 14 (50) 103 54 100 96 (63) (177) (119) (32) 555 (17) 65 73 114 15 59 (70) 36 (93)
(Increase) decrease in other assets 2 (12) 7 (12) 20 (8) (10) (5) (14) (1) (25) 7 19 (39) 11 (50) 9 23 (7) 34 4 (18) 2
Increase (decrease) in accounts payable and accrued liabilities 112 (195) (885) 734 260 203 (473) 229 532 (146) 89 820 40 (262) (438) (432) (694) (1,564) (640) 105 156 61 (483)
Increase (decrease) in estimated liability for taxes on income 20 (121) (46) 51 78 (107) (84) 90 54 (56) 8 (30) (33) (58) (33) 60 (77) (136) (48) 124 (50) (73) 5
Increase (decrease) in other liabilities 20 19 (11) (2) (65) 2 23 (4) 9 (5) (27) (12) 31 (18) 33 28 (5) (37) (33) 20 3 (42)
Other 33 (33) 29 (78) 17 22 6 (69) 24 51 (25) (27) (21) 4 5 54 (39) 6 46 4 (23) 50 42
Change in assets and liabilities, net of the effect of business acquisitions and divestitures 368 (584) (1,450) 1,122 (32) (37) (1,302) 54 76 (877) (1,003) 706 (54) 170 (457) 26 (401) 83 (480) 950 121 (377) (1,046)
Adjustments to reconcile net income (loss) to cash provided by operating activities 1,231 291 (771) 1,874 540 562 (614) 532 647 (562) (389) 1,321 508 777 117 496 551 4,231 8,152 1,909 13,118 615 (104)
Net cash provided by operating activities 2,449 1,436 327 3,022 1,677 1,608 330 1,614 1,567 408 131 1,932 1,070 1,220 429 878 479 803 784 2,252 1,745 1,108 326
Capital expenditures (460) (463) (399) (594) (464) (471) (410) (572) (382) (360) (304) (447) (273) (243) (178) (258) (200) (251) (407) (494) (413) (404) (413)
APS investments (134) (135) (121) (116) (138) (120) (133) (167) (109) (143) (168) (169) (117) (103) (85) (51) (28) (61) (163) (255) (194) (181) (151)
Exploration data costs capitalized (50) (62) (29) (32) (38) (31) (52) (20) (13) (24) (40) (18) (9) (5) (7) (15) (25) (26) (35) (50) (72) (64) (45)
Business acquisitions and investments, net of cash acquired (47) (478) (27) 38 (18) (18) (244) (13) (37) (8) 31 (99) (22) (13) (3) (30) (2) (4) (12) (5)
Proceeds from divestitures 109 27 298 348
Proceeds from sale of Liberty shares 137 219 429 84 109
Proceeds from sale of ADC shares 223
Proceeds from sale of real estate 120
Proceeds from formation of Sensia joint venture 238
(Purchase) sale of short-term investments, net (315) (343) 390 129 12 (260) 236 193 (512) 121 336 (3) (131) 401 520 456 (498) (158) (941) 79 (226) 44 420
Purchases of Blue Chip Swap securities (136) (16) (169)
Proceeds from sales of Blue Chip Swap securities 92 6 91
Other 26 (12) 35 65 (9) (83) (81) (135) (30) (53) (23) (29) 10 (13) (26) 5 (13) (21) (64) (67) (25) (27) (36)
Net cash (used in) provided by investing activities (1,024) (1,493) (151) (520) (733) (983) (547) (272) (1,083) 82 (115) (526) (619) 15 211 246 (740) (547) (1,312) (203) (934) (644) (230)
Dividends paid (393) (394) (357) (356) (356) (356) (249) (248) (248) (177) (175) (175) (175) (175) (174) (174) (174) (694) (692) (692) (692) (693) (692)
Proceeds from employee stock purchase plan 119 100 105 86 78 64 75 62 61 85 111 85
Proceeds from exercise of stock options 5 5 15 5 47 3 35 52 22 7 2 (1) 22
Taxes paid on net settled stock-based compensation awards (8) (78) (7) (18) (56) (88) (1) (7) (4) (81) (3) (3) (18)
Stock repurchase program (501) (465) (270) (100) (151) (213) (230) (26) (79) (101) (98)
Proceeds from issuance of long-term debt (374) 1,504 345 2 433 559 (100) 134 852 3,510 1,475 31 1,623 538 1,812
Repayment of long-term debt 10 (426) (1,578) (1,650) (1,000) (189) (789) (98) (1,164) (741) (2,980) (90) (1,403) (1,983) (45) (1,368)
Net increase (decrease) in short-term borrowings (123) (10) (9) 45 5 2 (50) 50 (2) (27) 16 (11) (11) 18 (101) 60 23 39 34 (22) 16 (38)
Repayment of finance lease-related obligations (188)
Other (30) 7 (13) (20) (14) 4 (1) (47) (1) (2) (1) (31) (19) (24) (17) (38) (42) (9) (33) (50) 52 (20)
Net cash provided by (used in) financing activities (1,295) 221 (267) (2,009) (382) (183) 62 (1,844) (180) (188) (170) (1,220) (322) (1,070) (212) (1,504) 21 (167) 777 (2,097) (1,090) (234) (297)
Translation effect on cash 3 1 (21) (81) (4) (13) 1 (23) (17) (9) (3) 2 1 6 (4) 5 (3) (2) (11) 2 (4) 6 (2)
Net increase (decrease) in cash 133 165 (112) 412 558 429 (154) (525) 287 293 (157) 188 130 171 424 (375) (243) 87 238 (46) (283) 236 (203)

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net cash (used in) provided by 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) provided by investing activities decreased from Q1 2024 to Q2 2024 but then slightly increased from Q2 2024 to Q3 2024.
Net cash provided by (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 provided by (used in) financing activities increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.