8-KEarnings & ResultsExhibits & Filings

SLB LIMITED/NV 8-K Report, Financial Results (Oct 23, 2009)

Filed October 23, 2009For Securities:SLB

Summary

SLB Limited/NV (SLB) filed an 8-K on October 23, 2009, to report on its third-quarter 2009 financial results. The filing includes a press release and supplemental information, which are available on the company's investor relations website. Investors should note that SLB is presenting both GAAP and non-GAAP financial measures. The non-GAAP measures include Net Debt (defined as gross debt minus cash and certain investments), and various income and return on sales metrics that exclude specific charges. Management believes these non-GAAP measures offer a clearer view of operational performance and trends by removing one-time or unusual items, allowing for better period-over-period comparison. However, investors are reminded to consider these non-GAAP figures alongside their GAAP equivalents, as they are not substitutes for standard financial reporting.

Key Highlights

  • 1SLB announced its third-quarter 2009 financial results on October 23, 2009, via an 8-K filing.
  • 2The filing includes a press release (Exhibit 99.1) and supplemental financial information (Exhibit 99.2) for Q3 2009.
  • 3Both GAAP and non-GAAP financial measures are provided to investors.
  • 4Key non-GAAP measures discussed include Net Debt, which management uses to assess the company's indebtedness.
  • 5Other non-GAAP metrics provided are income and return on sales figures that exclude specific charges, intended to highlight operational trends.
  • 6Management believes these non-GAAP measures aid in evaluating period-over-period performance.
  • 7Investors are advised to review these non-GAAP measures in conjunction with, not as a replacement for, GAAP financial statements.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report SLB's financial results for the third quarter of 2009 and to provide accompanying press releases and supplemental financial information to investors.

SLB is reporting Net Debt (gross debt less cash, short-term investments, and fixed income investments held to maturity) and various income, earnings per share, and return on sales metrics that exclude specific charges. These are presented to help investors evaluate operational trends and performance period over period.

Management believes these non-GAAP measures provide useful insights into the company's financial condition and operational performance. However, they should be considered in addition to, and not as a substitute for, the financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP).

The detailed Q3 2009 financial results, including the press release and supplemental information, were posted on SLB's investor relations website (www.slb.com/ir) on October 23, 2009, and are furnished as exhibits to this 8-K filing.