What is the main purpose of this 8-K/A filing?

This filing is an amendment to an 8-K report and primarily details the completion of SLB's acquisition of Sema plc, including the finalization of share acquisitions and the total cash consideration paid. It also provides updated financial information and pro forma statements reflecting the combined entity.

How was the acquisition of Sema plc financed?

The acquisition was financed through SLB's existing cash resources, amounting to approximately $2.2 billion, and external borrowings of approximately $3.0 billion under a credit facility established on February 20, 2001.

What is Sema plc's business and how does it fit with SLB?

Sema plc is an IT services company that focuses on designing, implementing, operating, and managing information systems and provides IT-related consulting. It has a particular emphasis on the telecommunications and finance sectors. This acquisition likely aims to broaden SLB's service offerings in the IT and technology sector, potentially integrating Sema's expertise into SLB's existing operations.

What are the key financial implications of this acquisition as presented in the pro forma statements?

The pro forma statements for the year ended December 31, 2000, indicate combined revenues of approximately $12.3 billion and a net income of approximately $305 million. The acquisition also resulted in approximately $5.03 billion in goodwill and identifiable intangibles, which will impact future financial statements through amortization.

SLB 8-K SEC Disclosure — Jun 15, 2001

Summary

This 8-K/A filing from SLB LIMITED/NV (SLB) details the completion of its acquisition of Sema plc. The acquisition, initially announced on February 16, 2001, was declared unconditional on April 6, 2001, and subsequently completed, with SLB acquiring 100% of Sema's issued shares. The aggregate cash consideration for this acquisition is approximately $5.0 billion. Sema plc is an IT services company specializing in telecommunications and finance sectors, offering systems integration, software products, and outsourcing. The filing includes pro forma financial statements reflecting the combined entity as if the acquisition had occurred on January 1, 2000. These pro forma statements show a combined revenue of approximately $12.3 billion and a net income of $305 million for the year ended December 31, 2000. The acquisition is financed through existing cash resources and a $3 billion credit facility.

Key Highlights

1SLB has successfully completed the acquisition of 100% of Sema plc for approximately $5.0 billion in cash.
2The acquisition was financed through a combination of existing cash reserves and a $3 billion credit facility.
3Sema plc is an IT services company with a focus on telecommunications and finance sectors.
4The filing provides pro forma financial statements presenting the combined entity's financial performance for the year ended December 31, 2000.
5Pro forma combined revenue for the year ended December 31, 2000, was approximately $12.3 billion.
6Pro forma net income for the combined entity for the year ended December 31, 2000, was approximately $305 million.
7Significant goodwill and identifiable intangibles of approximately $5.03 billion are recognized as a result of the acquisition.

SLB LIMITED/NV 8-K/A Report (Jun 15, 2001)

Summary

Key Highlights

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