What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to report SLB's financial results for the fourth quarter and the full year of 2011. It incorporates by reference a press release and supplemental information that contain the detailed financial data.

What non-GAAP financial measures does SLB report in this filing?

SLB reports several non-GAAP financial measures, including Net Debt (defined as gross debt less cash, short-term investments, and fixed income investments held to maturity). They also report income and EPS metrics excluding charges and credits, pretax and after-tax return on sales excluding charges and credits, and effective tax rate excluding charges and credits.

How did SLB's full-year 2011 earnings compare to 2010?

For the full year 2011, SLB reported GAAP net income from continuing operations attributable to Schlumberger of $4.78 billion, with diluted EPS of $3.51, compared to $3.38 in 2010. Excluding charges and credits, income was $4.97 billion with diluted EPS of $3.66, a significant increase from $2.86 in 2010.

Are the non-GAAP measures presented as replacements for GAAP measures?

No, the filing explicitly states that the non-GAAP financial measures should be considered in addition to, not as a substitute for, or superior to, financial performance measures prepared in accordance with GAAP. They are provided to offer additional insights into the company's operations and trends.

SLB 8-K: Earnings & Results & Regulation FD

Summary

SLB LIMITED/NV (SLB) filed an 8-K on January 20, 2012, to report its Fourth-Quarter and Full-Year 2011 financial results. The filing primarily incorporates by reference a press release and supplemental information detailing these results. Investors can find key operational and financial performance indicators for the fourth quarter and the entirety of 2011. The report highlights both GAAP (Generally Accepted Accounting Principles) and non-GAAP financial measures, including Net Debt and various performance metrics excluding specific charges and credits. These non-GAAP measures are presented to provide management's perspective on operational trends and period-over-period performance. The company emphasized its full-year 2011 net income and earnings per share (EPS), as well as the comparable figures for the fourth quarter of 2011 against prior periods.

Key Highlights

1SLB reported its Fourth-Quarter and Full-Year 2011 financial results via an 8-K filing.
2The filing incorporates by reference a press release and supplemental information detailing the financial performance.
3Both GAAP and non-GAAP financial measures were presented.
4Key non-GAAP measures include Net Debt, and various income and return on sales figures excluding charges and credits.
5Full-year 2011 net income from continuing operations was $4.78 billion (GAAP), with diluted EPS of $3.51.
6Full-year 2011 income from continuing operations excluding charges and credits was $4.97 billion, with diluted EPS of $3.66.
7Fourth-quarter 2011 GAAP net income was $1.41 billion, with diluted EPS of $1.05.

SLB LIMITED/NV 8-K Report, Financial Results (Jan 20, 2012)

Summary

Key Highlights

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