Summary
SLB LIMITED/NV (SLB) filed an 8-K on October 18, 2013, to report its Third-Quarter 2013 financial results. The filing primarily serves to furnish the press release and supplemental information detailing these results. Investors should note that this information is furnished, not filed, meaning it's not considered a formal SEC filing for purposes of liability under Section 18 of the Exchange Act, although it can be incorporated by reference into other filings. The report highlights both GAAP and non-GAAP financial measures. Key non-GAAP metrics disclosed include Net Debt, and various income and earnings per share measures excluding certain charges and credits, which management uses to assess operational trends. The company provided specific figures for GAAP income from continuing operations and diluted earnings per share for Q3 2013, comparing them to the previous quarter and the prior year's third quarter.
Key Highlights
- 1SLB furnished its Third-Quarter 2013 financial results via an 8-K filing on October 18, 2013.
- 2The filing includes both GAAP and non-GAAP financial measures, with specific definitions provided for non-GAAP metrics like Net Debt.
- 3Management uses non-GAAP measures, such as income and EPS excluding charges/credits, to better evaluate period-over-period operations and identify trends.
- 4Third-Quarter 2013 GAAP income from continuing operations attributable to Schlumberger was $1.71 billion.
- 5Third-Quarter 2013 GAAP diluted earnings per share from continuing operations was $1.29.
- 6Comparisons are provided for Q3 2013 GAAP diluted EPS ($1.29) versus Q2 2013 ($1.15 excluding charges/credits) and Q3 2012 ($1.02).
- 7No charges or credits were recorded by Schlumberger in the third quarter of 2013.