8-KEarnings & ResultsExhibits & Filings

SLB LIMITED/NV 8-K Report, Financial Results (Oct 17, 2008)

Filed October 17, 2008For Securities:SLB

Summary

SLB LIMITED/NV (SLB) filed an 8-K on October 17, 2008, to report its Third Quarter 2008 financial results. The filing primarily disseminates the company's earnings press release and supplemental financial information, which were made available on SLB's investor relations website. Key to this report is the inclusion of non-GAAP financial measures, specifically 'net debt,' defined as gross debt less cash, short-term investments, and fixed income investments held to maturity. Management asserts that this metric offers valuable insight into the company's indebtedness by considering liquid assets available for debt repayment. Investors are encouraged to review this non-GAAP measure alongside GAAP figures for a comprehensive understanding of SLB's financial condition.

Key Highlights

  • 1SLB reported its Third Quarter 2008 financial results via an 8-K filing.
  • 2The results were disseminated through a press release and supplemental information, both furnished as exhibits.
  • 3These documents were made available on SLB's investor relations website on October 17, 2008.
  • 4The filing includes a non-GAAP financial measure: 'net debt'.
  • 5Net debt is defined as gross debt less cash and certain investments.
  • 6Management believes net debt provides insight into the company's leverage by accounting for liquid assets.
  • 7Investors are advised to consider this non-GAAP measure in conjunction with GAAP financial statements.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially report SLB's Third Quarter 2008 financial results and related information to the Securities and Exchange Commission.

Net debt is a non-GAAP financial measure calculated as gross debt minus cash, short-term investments, and fixed income investments held to maturity. Management includes it because they believe it offers a useful perspective on the company's indebtedness by reflecting assets that could be used to repay debt.

The detailed financial results are available in the 'Third Quarter 2008 Press Release' (Exhibit 99.1) and 'Supplemental Information regarding Third Quarter 2008 Results' (Exhibit 99.2), which were furnished as part of this 8-K filing and posted on SLB's investor relations website.

Investors should interpret net debt as an additional metric to assess the company's financial leverage. It should be considered alongside, but not as a substitute for, standard GAAP financial measures like total debt and cash flows.