8-KEarnings & ResultsExhibits & Filings

SLB LIMITED/NV 8-K Report, Financial Results (Oct 19, 2007)

Filed October 19, 2007For Securities:SLB

Summary

This 8-K filing from SLB LIMITED/NV (SLB), filed on October 19, 2007, primarily serves to announce the release of their Third-Quarter 2007 financial results. The company has furnished a press release and supplemental information detailing these results, which are available on their investor relations website. Investors should note that the filing includes both GAAP and non-GAAP financial measures, with specific attention drawn to "net debt," "net income before charges and credits," "diluted earnings per share before charges and credits," and "effective tax rate before charges and credits." Management utilizes these non-GAAP measures to provide additional insights into the company's operational performance and financial condition, believing they offer a clearer view of underlying trends compared to GAAP figures alone. While these non-GAAP metrics are presented as supplemental, investors are advised to consider them in conjunction with, and not as a replacement for, the standard GAAP financial information found in SLB's official filings.

Key Highlights

  • 1SLB has officially released its Third-Quarter 2007 financial results.
  • 2The results are presented in a furnished press release (Exhibit 99.1) and supplemental information (Exhibit 99.2).
  • 3Both GAAP and non-GAAP financial measures are provided for the third quarter.
  • 4Key non-GAAP metrics highlighted include net debt, net income, diluted EPS, and effective tax rate, all presented "before charges and credits."
  • 5Management uses non-GAAP measures to better assess operational trends period-over-period.
  • 6Investors are reminded that non-GAAP measures are supplemental and should be considered alongside GAAP results.
  • 7The financial information was made available on the SLB investor relations website on October 19, 2007.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce and provide access to SLB's Third-Quarter 2007 financial results through a furnished press release and supplemental information.

SLB is highlighting net debt (defined as gross debt less cash and certain investments), net income before charges and credits, diluted earnings per share before charges and credits, and effective tax rate before charges and credits.

SLB provides non-GAAP financial measures because management believes they offer a more effective way to evaluate the company's operations period-over-period and to identify operating trends that might otherwise be obscured by specific charges or credits.

Investors should consider these non-GAAP financial measures in addition to, and not as a substitute for, or superior to, the company's financial performance measures prepared in accordance with Generally Accepted Accounting Principles (GAAP).