purchase period ending June 30, 2012, 2,197,151 unregistered shares were sold at a discounted purchase price of $59.89
per share, resulting in cash proceeds of approximately $132 million. The Company believes that it has historically
provided participants in the DSPP with the same information they would have received had the registration statement
been filed. Nonetheless, original purchasers of the unregistered shares may have rescission rights with respect to the
shares purchased by them with respect to the six-month purchase period ended June 30, 2012. Schlumberger believes
that any liability resulting from a potential rescission would be immaterial, particularly in light of the fact that the
market price of Schlumberger’s common stock has exceeded the participants’ discounted purchase price since the date
of purchase.
Item 6. Selected Financial Data.
The following selected consolidated financial data should be read in conjunction with both “Item 7. Management’s
Discussion and Analysis of Financial Condition and Results of Operations” and “Item 8. Financial Statements and
Supplementary Data” of this Form 10-K in order to understand factors, such as business combinations and charges and
credits, which may affect the comparability of the Selected Financial Data:
(Stated in millions, except per share amounts)
Year Ended December 31,
2012 2011 2010 2009 2008
Revenue
$42,149
$36,959 $26,672 $22,702 $27,163
Income from continuing operations
$ 5,468
$ 4,730 $ 4,253 $ 3,164 $ 5,422
Diluted earnings per share from continuing operations
$ 4.06
$ 3.47 $ 3.37 $ 2.61 $ 4.42
Working capital
$11,788
$10,001 $ 7,233 $ 6,391 $ 4,811
Total assets
$61,547
$55,201 $51,767 $33,465 $32,094
Net debt
(1)
$ 5,111
$ 4,850 $ 2,638 $ 126 $ 1,129
Long-term debt
$ 9,509
$ 8,556 $ 5,517 $ 4,355 $ 3,694
Schlumberger stockholders’ equity
$34,751
$31,263 $31,226 $19,120 $16,862
Cash dividends declared per share
$ 1.10
$ 1.00 $ 0.84 $ 0.84 $ 0.84
(1)
“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 indebtedness by reflecting cash and investments that could be used to
repay debt.
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