What are the key financial results for SLB in the first quarter of 2012?

In the first quarter of 2012, SLB reported a GAAP net income attributable to Schlumberger of $1.30 billion, resulting in diluted earnings per share of $0.97. Excluding certain charges and credits, the non-GAAP net income was $1.31 billion, with diluted earnings per share of $0.98.

How do the Q1 2012 results compare to the prior year's first quarter?

The first quarter of 2012 saw diluted earnings per share of $0.97 on a GAAP basis, compared to $0.69 in the first quarter of 2011, indicating significant year-over-year growth. On a non-GAAP basis, diluted EPS was $0.98 in Q1 2012 versus $0.71 in Q1 2011.

What non-GAAP financial measures does SLB provide in this filing, and why?

SLB provides several non-GAAP financial measures, including Net Debt (gross debt less cash and investments), and adjusted Net Income, Diluted EPS, Return on Sales, and Effective Tax Rate, excluding charges and credits. Management believes these measures provide a more effective evaluation of operational performance period-over-period by excluding items that could mask underlying trends.

Are the financial results presented in this 8-K considered 'filed' by the SEC?

According to the filing, the information furnished via the press release and supplemental information will not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor will it be automatically incorporated by reference into any Securities Act filings, unless expressly set forth by specific reference in such a filing.

SLB 8-K: Earnings & Results & Regulation FD

Summary

SLB LIMITED/NV (SLB) filed a Form 8-K on April 20, 2012, to report its First-Quarter 2012 financial results. The report primarily furnishes a press release and supplemental information detailing the company's performance. Key financial metrics for the quarter, including both GAAP and non-GAAP measures, are presented, offering investors a comprehensive view of the company's operational and financial standing. The filing highlights the company's net income and earnings per share for Q1 2012, comparing them to the previous quarter and the prior year's first quarter. Notably, SLB also provides non-GAAP financial measures such as Net Debt, which management believes offers valuable insight into the company's indebtedness by accounting for readily available funds for debt repayment. The inclusion of these non-GAAP measures aims to provide a clearer operational perspective, excluding certain charges and credits to identify underlying trends.

Key Highlights

1SLB reported First-Quarter 2012 financial results via an 8-K filing on April 20, 2012.
2The filing includes a press release and supplemental information detailing Q1 2012 performance.
3Q1 2012 GAAP net income attributable to Schlumberger was $1.30 billion, with diluted EPS of $0.97.
4Q1 2011 diluted EPS was $0.69, showing year-over-year growth.
5The company reported Q1 2012 non-GAAP net income of $1.31 billion, with diluted EPS of $0.98, excluding charges and credits.
6Non-GAAP measures like Net Debt are provided to offer a more insightful view of the company's financial leverage.
7The financial information furnished will not be deemed 'filed' for certain regulatory purposes unless expressly incorporated by reference in other filings.

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

Summary

Key Highlights

Frequently Asked Questions