Item 8. Financial Statements and Supplementary Data.
SCHLUMBERGER LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Stated in millions, except per share amounts)
Year Ended December 31,
2012 2011 2010
Revenue
$42,149
$36,959 $26,672
Interest and other income
172
130
215
Gain on investment in M-I SWACO
–
– 1,270
Expenses
Cost of revenue
33,056
28,939 21,097
Research & engineering
1,168
1,073
919
General & administrative
405
427
311
Merger & integration
128
113
160
Restructuring & other
33
–
331
Interest
340
298
207
Income from continuing operations before taxes
7,191
6,239 5,132
Taxes on income
1,723
1,509
879
Income from continuing operations
5,468
4,730 4,253
Income from discontinued operations
51
277
12
Net income
5,519
5,007 4,265
Net income (loss) attributable to noncontrolling interests
29
10
(2)
Net income attributable to Schlumberger
$ 5,490
$ 4,997 $ 4,267
Schlumberger amounts attributable to:
Income from continuing operations
$ 5,439
$ 4,720 $ 4,255
Income from discontinued operations
51
277
12
Net income
$ 5,490
$ 4,997 $ 4,267
Basic earnings per share of Schlumberger:
Income from continuing operations
$ 4.09
$ 3.50 $ 3.40
Income from discontinued operations
0.04
0.21
0.01
Net income
(1)
$ 4.13
$ 3.70 $ 3.41
Diluted earnings per share of Schlumberger:
Income from continuing operations
$ 4.06
$ 3.47 $ 3.37
Income from discontinued operations
0.04
0.20
0.01
Net income
$ 4.10
$ 3.67 $ 3.38
Average shares outstanding:
Basic
1,330
1,349 1,250
Assuming dilution
1,339
1,361 1,263
(1)
Amounts may not add due to rounding.
See the
Notes to Consolidated Financial Statements
33
