SLB (SLB) FY2022 results: revenue $28.1 billion, up 22.5% on the year
SLB Limited (SLB) reported revenue of $28.1 billion for fiscal 2022, the year ended 31 December 2022, up 22.5% on the year before. Net income was $3.4 billion, up 82.9%, and diluted earnings per share $2.39. The figures are the company's own, from the 10-K it filed with the SEC on 25 January 2023.
Revenue
$28.1 billion
+22.5% on the year
FY2015FY2022
Operating margin
17.8%
14.7% a year earlier
FY2015FY2022
Net income
$3.4 billion
+82.9% on the year
FY2015FY2022
Diluted EPS
$2.39
+81.1% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,720
4,651
2,944
-20.0%
Capital expenditure
1,618
1,141
1,116
+41.8%
Free cash flow
2,102
3,510
1,828
-40.1%
Free cash flow margin
7.5%
15.3%
7.7%
Cash from investing
-1,388
-919
-2,353
Cash from financing
-2,382
-2,824
-873
Depreciation and amortisation
2,147
2,120
2,566
+1.3%
Share-based compensation
313
324
397
-3.4%
Dividends paid
848
699
1,734
+21.3%
Diluted shares, weighted
1,437m
1,427m
1,390m
+0.7%
Shares outstanding at period end
1,420m
1,403m
1,392m
+1.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
17,685
15,004
12,071
+17.9%
Non-controlling interest
304
282
418
+7.8%
Debt
12,226
14,195
16,886
-13.9%
Other liabilities
12,920
12,030
13,059
+7.4%
Total liabilities and equity
43,135
41,511
42,434
+3.9%
Fixed assets
6,607
6,429
6,826
+2.8%
Goodwill
12,982
12,990
12,980
-0.1%
Intangible assets
2,992
3,211
3,455
-6.8%
Investments
1,239
1,382
2,162
-10.3%
Cash and equivalents
1,655
1,757
844
-5.8%
Receivables
6,766
5,315
5,247
+27.3%
Inventory
3,999
3,272
3,354
+22.2%
Other assets
6,895
7,155
7,566
-3.6%
Total assets
43,135
41,511
42,434
+3.9%
10-K for the year ended 31 December 2022, filed 25 January 2023: the filing.