SCHLUMBERGER LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
(Stated in millions)
Common Stock
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Noncontrolling
Interests
Total
Issued
In
Treasury
Balance, January 1, 2009
$ 4,668
$(4,796) $19,891
$(2,901)
$ 72 $16,934
Net income
3,134
8 3,142
Currency translation adjustments
17
1
18
Changes in fair value of derivatives
143
143
Pension and other postretirement benefit plans
67
67
Shares sold to optionees less shares exchanged
(22)
132
110
Shares granted to Directors
1
1
Vesting of restricted stock
(20)
20
–
Shares issued under employee stock purchase plan
25
141
166
Stock repurchase program
(500)
(500)
Stock-based compensation cost
186
186
Tax benefit on stock options
4
4
Dividends declared ($0.84 per share)
(1,006)
(1,006)
Other
(64)
28
(36)
Balance, December 31, 2009
4,777
(5,002)
22,019
(2,674)
109 19,229
Net income
4,267
(1) 4,266
Currency translation adjustments
(26)
(26)
Changes in fair value of derivatives
5
5
Pension and other postretirement benefit plans
(73)
(73)
Shares sold to optionees less shares exchanged
(8)
230
222
Shares granted to Directors
1
1
2
Vesting of restricted stock
(11)
11
–
Shares issued under employee stock purchase plan
49
130
179
Stock repurchase program
(1,717)
(1,717)
Stock-based compensation cost
198
198
Tax benefit on stock options
14
14
Shares issued on conversions of debentures
17
303
320
Acquisition of Smith International, Inc.
6,880
2,948
111 9,939
Acquisition of noncontrolling interests
3
3
Dividends declared ($0.84 per share)
(1,076)
(1,076)
Other
(40)
(1)
(41)
Balance, December 31, 2010
11,920
(3,136)
25,210
(2,768)
218 31,444
Net income
4,997
16 5,013
Currency translation adjustments
(82)
(82)
Changes in fair value of derivatives
(71)
(71)
Pension and other postretirement benefit plans
(636)
(636)
Shares sold to optionees less shares exchanged
(29)
259
230
Shares granted to Directors
2
2
Vesting of restricted stock
(39)
39
–
Shares issued under employee stock purchase plan
53
155
208
Stock repurchase program
(2,998)
(2,998)
Stock-based compensation cost
272
272
Tax benefit on stock options
15
15
Acquisition of noncontrolling interests
(553)
(86)
(639)
Dividends declared ($1.00 per share)
(1,347)
(1,347)
Other
(19)
(19)
Balance, December 31, 2011
$11,639
$(5,679) $28,860
$(3,557)
$129 $31,392
See the
Notes to Consolidated Financial Statements
37
