Summary
SLB LIMITED/NV (SLB) filed an 8-K on April 7, 2011, to disclose unaudited pro forma condensed combined financial information. This information pertains to the company's acquisition of Smith International, Inc. ("Smith"), presenting combined income statements as if the acquisition had occurred on January 1, 2010. The pro forma statements are intended for informational purposes and are not necessarily indicative of the actual future financial performance of the combined entity. They reflect adjustments for events directly attributable to the merger with a continuing impact but explicitly exclude potential cost savings, operating synergies, revenue enhancements, integration costs, and costs to achieve these benefits. Investors should view this as a snapshot of potential historical combined performance under specific assumptions, not a projection of future results.
Key Highlights
- 1Filing of unaudited pro forma condensed combined statement of income for the 12 months ended December 31, 2010.
- 2Pro forma information reflects the acquisition of Smith International, Inc. as if it occurred on January 1, 2010.
- 3The financial statements are intended to be incorporated by reference into an automatic shelf registration statement on Form S-3.
- 4Adjustments are made for events directly attributable to the merger with a continuing impact.
- 5Cost savings, operating synergies, revenue enhancements, and integration costs are explicitly excluded from the pro forma presentation.
- 6The pro forma information is presented for informational purposes and is not necessarily indicative of future results or financial position.
- 7Howard Guild, Chief Accounting Officer, signed the report.