8-KEarnings & ResultsExhibits & Filings

SLB LIMITED/NV 8-K Report, Financial Results (Jan 18, 2008)

Filed January 18, 2008For Securities:SLB

Summary

This 8-K filing by SLB LIMITED/NV (SLB) reports the release of its Fourth-Quarter and Full-Year 2007 financial results on January 18, 2008. The company furnished a press release and supplemental information detailing these results, which are available on their investor relations website. Investors should note that SLB is presenting both GAAP and non-GAAP financial measures, including net debt, net income before charges and credits, and related earnings per share and return on sales metrics. Management views these non-GAAP measures as useful for evaluating operational performance and trends, but they should be considered alongside, not as a substitute for, GAAP figures.

Key Highlights

  • 1SLB announced its Fourth-Quarter and Full-Year 2007 financial results on January 18, 2008.
  • 2The company made its press release and supplemental information regarding these results publicly available on its investor relations website.
  • 3The filing explicitly discusses the use of non-GAAP financial measures by SLB.
  • 4Key non-GAAP metrics highlighted include net debt, net income before charges and credits, diluted earnings per share before charges and credits, pretax and after-tax return on sales before charges and credits, and effective tax rate before charges and credits.
  • 5Management believes these non-GAAP measures offer valuable insights into operational performance and trends.
  • 6Investors are advised that these non-GAAP measures should be considered in addition to, and not as a substitute for, GAAP financial results.
  • 7The Chief Accounting Officer, Howard Guild, signed the report.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report SLB's Fourth-Quarter and Full-Year 2007 financial results, which were released on January 18, 2008. It also discloses the non-GAAP financial measures the company is using to present its performance.

The detailed financial results are available in the Fourth-Quarter and Full-Year 2007 Press Release (Exhibit 99.1) and Supplemental Information (Exhibit 99.2) furnished with this 8-K filing. These documents were posted on SLB's investor relations website (www.slb.com/ir) on January 18, 2008.

SLB is reporting non-GAAP measures such as net debt, net income before charges and credits, diluted earnings per share before charges and credits, and various return on sales metrics before charges and credits. Management uses these to better evaluate operational performance and trends over time, as they exclude certain charges and credits that might otherwise obscure these trends. However, investors should always consider these alongside the standard GAAP financial results.

This specific 8-K filing is focused on reporting historical financial results for the fourth quarter and full year of 2007 and detailing the non-GAAP measures used. It does not appear to contain new operational guidance or future outlook; those would typically be found in separate press releases or investor presentations.