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The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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Schlumberger Ltd., Consolidated Statement of Financial Position, Assets
USD $ in millions
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | ||
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Cash | |
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Short-term investments | |
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Receivables less allowance for doubtful accounts | |
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Inventories | |
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Deferred taxes | |
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Other current assets | |
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Current assets | |
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Fixed income investments, held to maturity | |
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Investments in affiliated companies | |
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Fixed assets less accumulated depreciation | |
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Multiclient seismic data | |
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Goodwill | |
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Intangible assets | |
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Deferred taxes | |
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Other assets | |
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Non-current assets | |
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Assets | |
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| Item | Description | The company |
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| Short-term investments | Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed. | Schlumberger Ltd.'s short-term investments declined from 2009 to 2010 and from 2010 to 2011. |
| Receivables less allowance for doubtful accounts | The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. | Schlumberger Ltd.'s receivables less allowance for doubtful accounts increased from 2009 to 2010 and from 2010 to 2011. |
| Inventories | Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). | Schlumberger Ltd.'s inventories increased from 2009 to 2010 and from 2010 to 2011. |
| Current assets | Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. | Schlumberger Ltd.'s current assets increased from 2009 to 2010 and from 2010 to 2011. |
| Fixed assets less accumulated depreciation | Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. | Schlumberger Ltd.'s fixed assets less accumulated depreciation increased from 2009 to 2010 and from 2010 to 2011. |
| Non-current assets | Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. | Schlumberger Ltd.'s non-current assets increased from 2009 to 2010 and from 2010 to 2011. |
| Assets | Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. | Schlumberger Ltd.'s assets increased from 2009 to 2010 and from 2010 to 2011. |
May 24, 2012