Part II, Item 8
Item 8. Financial Statements and Supplementary Data.
SCHLUMBERGER LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
Year Ended December 31,
2010
2009
2008
(Stated in millions, except per share amounts)
Revenue
$27,447
$22,702 $27,163
Interest and other income, net
214
273
412
Gain on investment in M-I SWACO
1,270
–
–
Expenses
Cost of revenue
21,499
17,245
18,957
Research & engineering
919
802
819
General & administrative
650
535
584
Merger & integration
169
–
–
Restructuring & other
331
238
116
Interest
207
221
247
Income from Continuing Operations before taxes
5,156
3,934
6,852
Taxes on income
890
770
1,430
Income from Continuing Operations
4,266
3,164
5,422
Income (Loss) from Discontinued Operations
–
(22)
38
Net Income
4,266
3,142
5,460
Net (income) loss attributable to noncontrolling interests
1
(8)
(25)
Net Income attributable to Schlumberger
$ 4,267
$ 3,134 $ 5,435
Schlumberger amounts attributable to:
Income from Continuing Operations
$ 4,267
$ 3,156 $ 5,397
Income (Loss) from Discontinued Operations
–
(22)
38
Net Income
$ 4,267
$ 3,134 $ 5,435
Basic earnings per share of Schlumberger:
Income from Continuing Operations
$ 3.41
$ 2.63 $ 4.51
Income (Loss) from Discontinued Operations
–
(0.02)
0.03
Net Income
(1)
$ 3.41
$ 2.62 $ 4.54
Diluted earnings per share of Schlumberger:
Income from Continuing Operations
$ 3.38
$ 2.61 $ 4.42
Income (Loss) from Discontinued Operations
–
(0.02)
0.03
Net Income
$ 3.38
$ 2.59 $ 4.45
Average shares outstanding
Basic
1,250
1,198
1,196
Assuming dilution
1,263
1,214
1,224
(1)
Amounts may not add due to rounding
See the
Notes to Consolidated Financial Statements
36
