Summary
SLB LIMITED/NV (SLB) filed a Form 8-K on July 20, 2007, to report on its second-quarter 2007 financial results. The filing primarily serves to furnish the company's second-quarter earnings press release and supplemental information, which were made available on the company's investor relations website. Investors should note that the provided documents include both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures. The non-GAAP measures disclosed are Net Debt, Net Income before charges and credits, diluted earnings per share before charges and credits, effective tax rate before charges and credits, and Return on Capital Employed (ROCE). SLB management believes these non-GAAP metrics offer valuable insights into the company's operational performance and financial health by allowing for a more effective period-over-period comparison and by reflecting trends that might otherwise be obscured by specific charges or credits. Investors are advised to consider these non-GAAP measures in conjunction with, rather than as a replacement for, GAAP-based financial figures.
Key Highlights
- 1SLB reported its Second-Quarter 2007 financial results.
- 2The company furnished its Second-Quarter 2007 Press Release and Supplemental Information as exhibits.
- 3Key non-GAAP financial measures were disclosed: Net Debt, Net Income, diluted EPS, and effective tax rate before charges and credits.
- 4Return on Capital Employed (ROCE) was also presented as a non-GAAP metric.
- 5Management believes these non-GAAP measures provide enhanced insights into operational performance and trends.
- 6The disclosure emphasizes that non-GAAP measures should be considered alongside, not in lieu of, GAAP financial results.
- 7The Chief Accounting Officer, Howard Guild, signed the report.