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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Schlumberger Ltd., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Oilfield Services | |
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Distribution | |
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Revenue | |
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Oilfield Services | |
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Distribution | |
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Cost of revenue | |
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Gross profit | |
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Research & engineering | |
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General & administrative | |
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Merger & integration | |
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Restructuring & other | |
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Operating income | |
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Interest income | |
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M-I SWACO | |
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Others | |
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Equity in net earnings of affiliated companies | |
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Other | |
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Interest and other income, net | |
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Gain on investment in M-I SWACO | |
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Interest expense | |
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Income from continuing operations before taxes | |
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Taxes on income | |
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Income from continuing operations | |
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Income (loss) from discontinued operations | |
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Net income | |
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Net (income) loss attributable to noncontrolling interests | |
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Net income attributable to Schlumberger | |
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| Item | Description | The company |
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| Revenue | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Schlumberger Ltd.'s revenue increased from 2009 to 2010 and from 2010 to 2011. |
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | Schlumberger Ltd.'s operating income declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level. |
| Income from continuing operations before taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Schlumberger Ltd.'s income from continuing operations before taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Income from continuing operations | This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Schlumberger Ltd.'s income from continuing operations increased from 2009 to 2010 and from 2010 to 2011. |
| Net income | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Schlumberger Ltd.'s net income increased from 2009 to 2010 and from 2010 to 2011. |
| Net income attributable to Schlumberger | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Schlumberger Ltd.'s net income attributable to Schlumberger increased from 2009 to 2010 and from 2010 to 2011. |
May 24, 2012