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

The primary purpose of this 8-K filing is to report SLB's financial results for the second quarter of 2013. It incorporates by reference the company's official press release and supplemental information detailing these results.

What were the key financial performance indicators for SLB in Q2 2013?

For the second quarter of 2013, SLB reported GAAP income from continuing operations of $2.22 billion, resulting in GAAP diluted EPS of $1.66. The company also reported non-GAAP diluted EPS, excluding charges and credits, of $1.15.

What are the non-GAAP financial measures mentioned in the filing?

The filing mentions several non-GAAP measures, including Net Debt (gross debt less cash and investments), and income, diluted EPS, pretax return on sales, after-tax return on sales, and effective tax rate, all excluding certain charges and credits. Management believes these measures provide useful insights into the company's operational performance and financial leverage.

How should investors interpret the difference between GAAP and non-GAAP figures?

Investors should view the non-GAAP measures as supplementary to, and not a replacement for, the GAAP financial results. The non-GAAP figures are intended to offer a clearer perspective on operational performance by removing the impact of specific charges and credits that may not be indicative of ongoing business trends.

SLB 8-K: Earnings & Results & Regulation FD

Summary

SLB Limited/NV (SLB) filed an 8-K on July 19, 2013, to report its second-quarter 2013 financial results. The filing primarily incorporates by reference a press release and supplemental information containing these results. Investors should note that while GAAP figures are presented, the company also provides several non-GAAP financial measures, including Net Debt and performance metrics excluding certain charges and credits, to offer a clearer operational view. Management believes these non-GAAP measures aid in evaluating period-over-period performance and identifying underlying operational trends. The key financial takeaway for the second quarter of 2013 was a significant increase in income from continuing operations attributable to SLB. GAAP diluted earnings per share (EPS) rose to $1.66, a notable jump from $0.90 in the prior quarter and $0.99 in the second quarter of 2012. The company also highlighted its non-GAAP EPS, which stood at $1.15 for the quarter, an improvement from $0.97 in the preceding quarter and $1.01 in the year-ago period. These figures suggest a strengthening operational performance during the second quarter of 2013.

Key Highlights

1SLB reported its second-quarter 2013 financial results via an 8-K filing on July 19, 2013.
2The filing incorporates by reference the official Second-Quarter 2013 Results Press Release (Exhibit 99.1) and Supplemental Information (Exhibit 99.2).
3The company reported GAAP income from continuing operations attributable to SLB of $2.22 billion for Q2 2013.
4GAAP diluted EPS from continuing operations was $1.66 for Q2 2013, up from $0.90 in Q1 2013 and $0.99 in Q2 2012.
5SLB also provided non-GAAP financial measures, including Net Debt, for enhanced operational analysis.
6Non-GAAP diluted EPS from continuing operations, excluding charges and credits, was $1.15 for Q2 2013.
7The non-GAAP measures are presented to help evaluate operational trends and performance over time.

SLB LIMITED/NV 8-K Report, Financial Results (Jul 19, 2013)

Summary

Key Highlights

Frequently Asked Questions