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, 2010
$ 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
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
Dividends declared ($0.84 per share)
(1,076)
(1,076)
Other
18
(39)
(1)
(22)
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
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
Acquisition of noncontrolling interests
(553)
(80)
(633)
Dividends declared ($1.00 per share)
(1,347)
(1,347)
Other
15
2
(25)
(8)
Balance, December 31, 2011
11,639
(5,679)
28,860
(3,557)
129 31,392
Net income
5,490
29 5,519
Currency translation adjustments
71
71
Change in unrealized gain on marketable securities
141
141
Changes in fair value of derivatives
56
56
Pension and other postretirement benefit plans
(604)
(604)
Shares sold to optionees less shares exchanged
(75)
238
163
Vesting of restricted stock
(20)
20
–
Shares issued under employee stock purchase plan
16
231
247
Stock repurchase program
(972)
(972)
Stock-based compensation cost
335
335
Sale of CE Franklin
5
(68)
(63)
Acquisition of noncontrolling interests
(3)
15
12
Dividends declared ($1.10 per share)
(1,463)
(1,463)
Other
20
2
2
24
Balance, December 31, 2012
$11,912 $(6,160) $32,887
$(3,888)
$107 $34,858
See the
Notes to Consolidated Financial Statements
37
