SCHLUMBERGER LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
Issued
In
Treasury
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Noncontrolling
Interests
Total
Common Stock
(Stated in millions)
Balance, January 1, 2008
$ 4,136 $(3,549) $15,462
$(1,173)
$ 62 $14,938
Comprehensive income:
Net income
5,435
25
Currency translation adjustments
(82)
(1)
Changes in fair value of derivatives
(135)
Deferred employee benefits liabilities
(1,511)
Total comprehensive income
3,731
Shares sold to optionees less shares exchanged
20
154
174
Shares granted to Directors
1
1
Shares issued under employee stock purchase plan
115
57
172
Stock repurchase program
(1,819)
(1,819)
Stock-based compensation cost
172
172
Shares issued on conversions of debentures
86
361
447
Other
1
(14)
(13)
Dividends declared ($0.84 per share)
(1,006)
(1,006)
Tax benefit on stock options
137
137
Balance, December 31, 2008
4,668
(4,796)
19,891
(2,901)
72 16,934
Comprehensive income:
Net income
3,134
8
Currency translation adjustments
17
1
Changes in fair value of derivatives
143
Deferred employee benefits liabilities
67
Total comprehensive income
3,370
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
Other
(64)
28
(36)
Dividends declared ($0.84 per share)
(1,006)
(1,006)
Tax benefit on stock options
4
4
Balance, December 31, 2009
4,777
(5,002)
22,019
(2,674)
109 19,229
Comprehensive income:
Net income
4,267
(1)
Currency translation adjustments
(26)
Changes in fair value of derivatives
5
Deferred employee benefits liabilities
(73)
Total comprehensive income
4,172
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
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
Other
(40)
(1)
(41)
Dividends declared ($0.84 per share)
(1,076)
(1,076)
Tax benefit on stock options
14
14
Balance, December 31, 2010
$11,920 $(3,136) $25,210
$(2,768)
$218 $31,444
See the
Notes to Consolidated Financial Statements
39
Part II, Item 8
