SLB (SLB) FY2012 results: revenue $41.7 billion, up 14.1% on the year
SLB Limited (SLB) reported revenue of $41.7 billion for fiscal 2012, the year ended 31 December 2012, up 14.1% on the year before. Net income was $5.5 billion, up 9.9%, and diluted earnings per share $4.10. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2013.
Revenue
$41.7 billion
+14.1% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$5.5 billion
+9.9% on the year
FY2007FY2012
Diluted EPS
$4.10
+11.7% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
41,731
36,579
26,672
+14.1%
Cost of revenue
32,885
28,802
21,097
+14.2%
Gross profit
8,846
7,777
5,575
+13.7%
Gross margin
21.2%
21.3%
20.9%
Research and development
1,153
1,061
919
+8.7%
Interest expense
340
298
207
+14.1%
Pre-tax income
6,959
6,239
5,132
+11.5%
Income tax
1,700
1,492
879
+13.9%
Effective tax rate
24.4%
23.9%
17.1%
Net income
5,490
4,997
4,267
+9.9%
Net margin
13.2%
13.7%
16.0%
Diluted EPS
$4.10
$3.67
$3.38
+11.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
6,543
5,880
5,509
+11.3%
Capital expenditure
4,695
4,004
2,914
+17.3%
Free cash flow
1,848
1,876
2,595
-1.5%
Free cash flow margin
4.4%
5.1%
9.7%
Cash from investing
-7,174
-3,898
-2,938
Cash from financing
-339
-2,700
-1,409
Depreciation and amortisation
3,647
3,274
2,759
+11.4%
Share-based compensation
335
272
198
+23.2%
Dividends paid
1,432
1,300
1,040
+10.2%
Dividend per share
n/a
n/a
$0.84
Diluted shares, weighted
1,339m
1,361m
1,263m
-1.6%
Shares outstanding at period end
1,328m
1,334m
1,361m
-0.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
34,751
31,263
31,226
+11.2%
Non-controlling interest
107
129
218
-17.1%
Debt
11,630
9,933
8,112
+17.1%
Other liabilities
15,059
13,876
12,211
+8.5%
Total liabilities and equity
61,547
55,201
51,767
+11.5%
Fixed assets
14,780
12,993
12,071
+13.8%
Goodwill
14,585
14,154
13,952
+3.0%
Intangible assets
4,802
4,882
5,162
-1.6%
Investments
81.0
3,122
2,100
-97.4%
Cash and equivalents
1,905
1,705
1,764
+11.7%
Receivables
11,351
9,500
8,278
+19.5%
Inventory
4,785
4,700
3,804
+1.8%
Other assets
9,258
4,145
4,636
+123.4%
Total assets
61,547
55,201
51,767
+11.5%
10-K for the year ended 31 December 2012, filed 31 January 2013: the filing.