SLB (SLB) FY2017 results: revenue $30.4 billion, up 9.5% on the year
SLB Limited (SLB) reported revenue of $30.4 billion for fiscal 2017, the year ended 31 December 2017, up 9.5% on the year before. Net income was -$1.5 billion, and diluted earnings per share $-1.08. The figures are the company's own, from the 10-K it filed with the SEC on 24 January 2018.
Revenue
$30.4 billion
+9.5% on the year
FY2010FY2017
Operating margin
12.9%
11.8% a year earlier
FY2010FY2017
Net income
-$1.5 billion
FY2010FY2017
Diluted EPS
-$1.08
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
30,440
27,810
35,475
+9.5%
Cost of revenue
26,543
24,409
28,321
+8.7%
Gross profit
3,897
3,401
7,154
+14.6%
Gross margin
12.8%
12.2%
20.2%
Research and development
787
1,012
1,094
-22.2%
Operating income
3,921
3,273
6,510
+19.8%
Operating margin
12.9%
11.8%
18.4%
Interest expense
566
570
346
-0.7%
Pre-tax income
-1,183
-1,905
2,881
Income tax
330
-278
746
Effective tax rate
n/a
n/a
25.9%
Net income
-1,505
-1,687
2,072
Net margin
-4.9%
-6.1%
5.8%
Diluted EPS
-$1.08
-$1.24
$1.63
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
5,663
6,261
8,572
-9.6%
Capital expenditure
2,107
2,055
2,410
+2.5%
Free cash flow
3,556
4,206
6,162
-15.5%
Free cash flow margin
11.7%
15.1%
17.4%
Cash from investing
-1,779
-624
n/a
Cash from financing
-5,033
-5,428
n/a
Depreciation and amortisation
3,837
4,094
4,078
-6.3%
Share-based compensation
343
267
326
+28.5%
Dividends paid
2,778
2,647
2,419
+4.9%
Diluted shares, weighted
1,388m
1,357m
1,275m
+2.3%
Shares outstanding at period end
1,384m
1,391m
1,256m
-0.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
36,842
41,078
35,633
-10.3%
Non-controlling interest
419
451
272
-7.1%
Debt
18,199
19,616
18,999
-7.2%
Other liabilities
16,527
16,811
13,101
-1.7%
Total liabilities and equity
71,987
77,956
68,005
-7.7%
Fixed assets
11,576
12,821
13,415
-9.7%
Goodwill
25,118
24,990
15,605
+0.5%
Intangible assets
9,354
9,855
4,569
-5.1%
Investments
3,290
41.0
41.0
+7,924.4%
Cash and equivalents
1,799
2,929
2,793
-38.6%
Receivables
8,084
9,387
8,780
-13.9%
Inventory
4,046
4,225
3,756
-4.2%
Other assets
8,720
13,708
19,046
-36.4%
Total assets
71,987
77,956
68,005
-7.7%
10-K for the year ended 31 December 2017, filed 24 January 2018: the filing.