Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
SLB > SEC Filings for SLB > Form 8-K on 19-Oct-2012All Recent SEC Filings

Show all filings for SCHLUMBERGER LTD /NV/

Form 8-K for SCHLUMBERGER LTD /NV/


19-Oct-2012

Results of Operations and Financial Condition, Regulation FD Disclosure, Fi


Item 2.02 Results of Operations and Financial Condition.

The Third-Quarter 2012 Results Press Release furnished as Exhibit 99.1 hereto and the Third-Quarter 2012 Results - Supplemental Information furnished as Exhibit 99.2 hereto, both of which are incorporated by reference into this Item 2.02, were posted on the Schlumberger internet website (www.slb.com/ir) on October 19, 2012. In accordance with General Instructions B.2. of Form 8-K, the information will not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor will it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.

In addition to financial results determined in accordance with generally accepted accounting principles (GAAP) that are included in the attached Third-Quarter 2012 Results Press Release, the attached documents also include the following non-GAAP financial measures (as defined under Regulation G of the Exchange Act):

Net Debt: Net Debt represents gross debt less cash, short-term investments and fixed income investments, held to maturity. Management believes that Net Debt provides useful information regarding the level of Schlumberger's indebtedness by reflecting cash and investments that could be used to repay debt.

Income from continuing operations attributable to Schlumberger, excluding charges and credits; diluted earnings per share from continuing operations, excluding charges and credits; pretax return on sales from continuing operations, excluding charges and credits; after-tax return on sales from continuing operations, excluding charges and credits; and effective tax rate, excluding charges and credits: Management believes that the exclusion of charges and credits from the foregoing financial measures enables it to evaluate more effectively Schlumberger's operations period over period and to identify operating trends that could otherwise be masked by the excluded items.

Third-Quarter 2012 income from continuing operations attributable to Schlumberger in accordance with GAAP was $1.41 billion, representing diluted earnings-per-share from continuing operations of $1.06 versus $1.03 in the previous quarter, and $0.95 in the third quarter of 2011. Third-Quarter 2012 income from continuing operations attributable to Schlumberger, excluding charges and credits, was $1.44 billion, representing diluted earnings-per-share from continuing operations, excluding charges and credits, of $1.08 versus $1.05 in the previous quarter, and $0.96 in the third quarter of 2011.

The foregoing non-GAAP financial measures should be considered in addition to, not as a substitute for, or superior to, total debt, cash flows or other measures of financial performance prepared in accordance with GAAP as more fully discussed in Schlumberger's financial statements and filings with the Securities and Exchange Commission.



Item 7.01 Regulation FD Disclosure.

On October 19, 2012, Schlumberger issued a press release, a copy of which is furnished with this Form 8-K as Exhibit 99.1 and incorporated into this Item 7.01 by reference. In accordance with General Instruction B.2. of Form 8-K, the information will not be deemed "filed" for purposes of Section 18 of the Exchange Act, nor will it be deemed incorporated by reference in any filing under the Securities Act, except as expressly set forth by specific reference in such a filing.

Also, see Item 2.02, "Results of Operations and Financial Condition."



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The exhibits listed below are furnished pursuant to Item 9.01 of this Form 8-K.

99.1 Third-Quarter 2012 Results Press Release.

99.2 Third-Quarter 2012 Results - Supplemental Information.


  Add SLB to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for SLB - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.