HOUSTON-Monday 31 January 2022 [ AETOS Wire ]
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Fourth-quarter revenue of $6.22 billion increased 6% sequentially and 13% year-on-year
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Fourth-quarter GAAP EPS of $0.42 increased 8% sequentially and 56% year-on-year
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Fourth-quarter EPS, excluding charges and credits, of $0.41 increased 14% sequentially and 86% year-on-year
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Fourth-quarter cash flow from operations was $1.93 billion and free cash flow was $1.30 billion
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Board approved quarterly cash dividend of $0.125 per share
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Full-year revenue was $22.9 billion
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Full-year GAAP EPS was $1.32
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Full-year EPS, excluding charges and credits, was $1.28
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Full-year cash flow from operations was $4.65 billion and free cash flow was $3.00 billion
(BUSINESS WIRE) -- Schlumberger Limited (NYSE: SLB) today reported results for the fourth-quarter and full-year 2021.
Fourth-Quarter Results
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(Stated in millions, except per share amounts)
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Three Months Ended
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Change
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Dec. 31, 2021
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Sept. 30, 2021
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Dec. 31, 2020
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Sequential
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Year-on-year
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Revenue*
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$6,225
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$5,847
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$5,532
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6%
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13%
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Income before taxes - GAAP basis
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$755
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$691
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$471
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9%
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60%
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Net income - GAAP basis
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$601
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$550
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$374
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9%
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61%
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Diluted EPS - GAAP basis
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$0.42
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$0.39
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$0.27
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8%
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56%
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Adjusted EBITDA**
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$1,381
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$1,296
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$1,112
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7%
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24%
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Adjusted EBITDA margin**
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22.2%
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22.2%
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20.1%
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2 bps
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208 bps
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Pretax segment operating income**
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$986
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$908
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$654
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9%
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51%
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Pretax segment operating margin**
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15.8%
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15.5%
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11.8%
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31 bps
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401 bps
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Net income, excluding charges & credits**
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$587
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$514
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$309
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14%
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90%
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Diluted EPS, excluding charges & credits**
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$0.41
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$0.36
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$0.22
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14%
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86%
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Revenue by Geography
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International
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$4,898
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$4,675
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$4,343
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5%
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13%
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North America*
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1,281
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1,129
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1,167
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13%
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10%
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Other
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46
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43
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22
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n/m
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n/m
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$6,225
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$5,847
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$5,532
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6%
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13%
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*Schlumberger divested certain businesses in North America during the fourth quarter of 2020. These businesses generated revenue of $284 million during the fourth quarter of 2020. Excluding the impact of these divestitures, global fourth-quarter 2021 revenue increased 19% year-on-year. North America fourth-quarter 2021 revenue, excluding the impact of these divestitures, increased 45% year-on-year.
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**These are non-GAAP financial measures. See sections titled "Charges & Credits", "Divisions", and "Supplemental Information" for details.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20220119005948/en/
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