What are the main financial results reported by SLB in this 8-K?

SLB reported its Fourth-Quarter and Full-Year 2013 financial results. For the full year 2013, GAAP income from continuing operations was $6.80 billion ($5.10 diluted EPS), and excluding charges/credits, it was $6.33 billion ($4.75 diluted EPS). For the fourth quarter of 2013, GAAP income from continuing operations was $1.66 billion ($1.26 diluted EPS), and excluding charges/credits, it was $1.79 billion ($1.35 diluted EPS).

What non-GAAP financial measures does SLB use and why?

SLB uses non-GAAP measures such as Net Debt (gross debt less cash and certain investments) and income/earnings per share figures excluding charges and credits. Management believes these measures provide useful information about the company's indebtedness and allow for a more effective evaluation of operational performance and trends period-over-period, by removing items that could mask underlying operational trends.

Where can I find the detailed financial information mentioned in this filing?

The detailed financial information is presented in the Fourth-Quarter and Full-Year 2013 Results Press Release (Exhibit 99.1) and the Fourth-Quarter 2013 Results — Supplemental Information (Exhibit 99.2), both of which are furnished with this Form 8-K and incorporated by reference.

Are the non-GAAP measures presented as a substitute 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, measures prepared in accordance with GAAP. Investors should refer to SLB's financial statements and other SEC filings for a complete GAAP-based financial picture.

SLB 8-K: Earnings & Results & Regulation FD

Summary

This Form 8-K filing by SLB Limited/NV (SLB) on January 17, 2014, primarily serves to announce the company's financial results for the fourth quarter and full year of 2013. The report highlights key financial performance indicators, including both GAAP and non-GAAP measures, providing investors with a detailed view of the company's operational and financial condition. The filing incorporates by reference a press release and supplemental information detailing these results. Key financial metrics reported include significant income from continuing operations and diluted earnings per share. Notably, the company also defines and utilizes several non-GAAP financial measures such as Net Debt and various income/earnings per share figures excluding charges and credits. Management believes these non-GAAP measures offer a clearer perspective on operational trends and underlying performance, enabling more effective period-over-period comparisons. Investors should review these results to understand SLB's performance in the context of the oilfield services industry during that period.

Key Highlights

1SLB announced its Fourth-Quarter and Full-Year 2013 financial results on January 17, 2014.
2Full-year 2013 income from continuing operations attributable to SLB was $6.80 billion (GAAP), with diluted EPS of $5.10.
3Full-year 2013 income from continuing operations excluding charges and credits was $6.33 billion, with diluted EPS of $4.75.
4Fourth-quarter 2013 income from continuing operations attributable to SLB was $1.66 billion (GAAP), with diluted EPS of $1.26.
5Fourth-quarter 2013 income excluding charges and credits was $1.79 billion, with diluted EPS of $1.35.
6The company provided definitions and explanations for key non-GAAP financial measures, including Net Debt and various earnings adjustments.
7The filing incorporates by reference a press release (Exhibit 99.1) and supplemental information (Exhibit 99.2) containing the detailed financial results.

SLB LIMITED/NV 8-K Report, Financial Results (Jan 17, 2014)

Summary

Key Highlights

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