SLB N.V. (NYSE:SLB)

The financial data indicates a general upward trend in both current assets and adjusted current assets over the five-year period. The current assets increased steadily from 12,919 million US dollars in 2020 to 18,570 million US dollars in 2024, reflecting a significant expansion in liquid or short-term assets available to the company.

Similarly, adjusted current assets exhibit a comparable growth pattern, starting at 13,220 million US dollars in 2020 and rising to 18,895 million US dollars by 2024. This consistent increase suggests improvements in asset quality or adjustments for more accurate valuation over time.

Current Assets

Increased by approximately 43.6% over the five-year span, indicating stronger liquidity and possibly enhanced capacity to meet short-term obligations.

Adjusted Current Assets

Demonstrated a roughly 42.9% growth within the same period, closely mirroring the trend observed in current assets but remaining slightly higher in magnitude throughout, implying adjustments that possibly account for inventory valuation, receivables, or other short-term asset components.

No evident volatility or decline was observed in these categories, indicating overall positive asset management performance during the period examined.

Total Assets

The total assets demonstrated an overall upward trend from the end of 2020 to the end of 2024. Beginning at approximately 42.4 billion US dollars in 2020, there was a slight decline in 2021 to about 41.5 billion US dollars. However, the total assets then increased steadily through the subsequent years, reaching nearly 48 billion US dollars by the end of 2023 and slightly above 48.9 billion US dollars in 2024. This suggests a recovery and growth phase following the dip observed in 2021.

Adjusted Total Assets

The adjusted total assets mirrored the trajectory of the total assets, starting at approximately 42.7 billion US dollars in 2020 and slightly declining to around 41.8 billion US dollars in 2021. Subsequently, the adjusted assets increased consistently each year, achieving nearly 49.3 billion US dollars by the end of 2024. The adjustment reflects similar growth patterns, possibly accounting for revaluations or other non-cash adjustments, highlighting sustained asset growth across the period.

General Observations

Both total and adjusted total assets experienced a moderate decline in 2021, which could be indicative of market conditions or company-specific events affecting asset values. Following this period, there was a consistent and notable increase each year, signifying improved asset acquisition, valuation, or efficient management. The growth in adjusted total assets outpaced the growth in total assets slightly by the end of the period, which may indicate adjustments related to asset revaluation or recognition of intangible assets.

The analysis of the available financial data over the five-year period indicates a general trend in the company's liabilities. Total liabilities, measured in millions of US dollars, show a decreasing pattern from 2020 through 2022, followed by a slight increase from 2022 to 2023, and then stabilization into 2024.

Total liabilities

Starting at approximately 29,945 million USD in 2020, total liabilities decreased steadily to about 25,146 million USD by the end of 2022. This reduction suggests effective management of obligations or repayment during this period. However, from 2022 to 2023, there was a moderate increase to roughly 26,598 million USD, which then stabilized at 26,585 million USD in 2024.

Adjusted total liabilities

The adjusted total liabilities follow a very similar trend to the total liabilities, starting slightly lower at 29,926 million USD in 2020, decreasing to 25,085 million USD by the end of 2022. A rebound is observed in 2023 to 26,458 million USD, and a slight increase to 26,518 million USD in 2024. The close alignment with total liabilities suggests minimal adjustments or reclassifications affecting this line item.

The data reveal that the company managed to reduce its liabilities substantially over the first three years, potentially improving its leverage and risk profile. However, the subsequent increase and stabilization in the last two years suggest either renewed borrowing, investments, or other strategic financial decisions that resulted in maintaining liabilities at a higher level than the low point in 2022.

Total SLB stockholders’ equity

The total stockholders' equity demonstrated a consistent upward trend over the five-year period. Starting at 12,071 million US dollars at the end of 2020, it increased steadily each year to reach 21,130 million US dollars by the end of 2024. This represents an overall growth of approximately 75% over the period. The year-on-year increases indicate a strong and continuous accumulation of equity.

Adjusted total equity

Adjusted total equity followed a similar pattern to total stockholders’ equity, growing from 12,809 million US dollars in 2020 to 22,742 million US dollars in 2024. This shows an increase of nearly 77% over five years. The consistent growth suggests ongoing positive adjustments impacting equity, potentially reflecting improved asset valuations, reserves, or other comprehensive income items not captured in total stockholders’ equity. The adjusted figures remain consistently higher than the reported equity, indicating the adjustments made have a positive effect on the equity base.

Overall observations

Both equity measures reflect a strong financial position with steady capital growth. The upward trajectory across both metrics signals enhanced shareholder value and possibly successful operational performance or asset management. The spread between adjusted equity and total stockholders’ equity widens slightly over time, which may merit further investigation into the nature of the adjustments contributing to this difference.

The financial data reveals several key trends over the five-year period from 2020 to 2024. There is a clear pattern of evolving debt, equity, and capital positions as measured by both reported and adjusted figures.

Total Debt

The total reported debt consistently decreased from $16,886 million in 2020 to $11,965 million in 2023, representing a reduction that indicates efforts towards deleveraging. However, a slight uptick to $12,074 million in 2024 suggests a modest increase in liabilities after several years of decline. Adjusted total debt follows a similar trajectory, falling from $17,897 million in 2020 to $12,775 million in 2023 before a minor rise to $12,816 million in 2024, confirming the reported debt trends.

Equity Growth

Total stockholders’ equity shows a continual upward trend, growing steadily from $12,071 million in 2020 to $21,130 million in 2024. Adjusted total equity also rises from $12,809 million to $22,742 million over the same period, reflecting strengthening shareholder value and capitalization. This robust growth indicates successful retention of earnings or capital infusion contributing to the equity base.

Capital Structure

Total reported capital demonstrates gradual expansion, increasing from $28,957 million in 2020 to $33,204 million in 2024. The adjusted total capital figures are consistent with this pattern, rising from $30,706 million to $35,558 million. The incremental growth in capital illustrates an expanding asset base being funded increasingly by equity, as debt reduction trends are observed concurrently.

Overall Financial Position

The combined trends highlight a strategic transition towards strengthening equity and reducing reliance on debt. This improved capital structure suggests enhanced financial stability and potentially reduced risk levels. The slight increase in debt in 2024 warrants monitoring but does not yet signify a reversal of the longer-term improvement.

The financial data reveals notable changes in the company's profitability over the observed five-year period. Key metrics include net income attributable to the company and adjusted net income, both expressed in millions of US dollars.

Net Income Attributable to the Company

The net income shows a significant improvement from a substantial loss in the initial year, transitioning from a negative 10,518 million USD to positive figures in subsequent years. Specifically, the net income turned positive in 2021 at 1,881 million USD and continued to grow steadily to 4,461 million USD by 2024. This trend indicates a considerable recovery and profitability growth following the initial loss.

Adjusted Net Income

Adjusted net income begins with a larger negative value than net income in 2020, at -12,134 million USD, reflecting adjustments that likely remove one-time or non-recurring items. The adjusted net income turned positive in 2021 at 3,229 million USD and remained relatively stable through 2022 before increasing moderately in 2023. However, there is a slight decrease in 2024 to 3,830 million USD, suggesting some moderation in adjusted profitability, though it remains substantially higher than the period before 2021.

Overall, the data illustrates a company that has substantially recovered from a severe loss in 2020, achieving sustained positive net income from 2021 onwards. While the adjusted net income suggests some fluctuations, it generally supports the trend of improved profitability. The steady increase in net income demonstrates successful operational or financial strategies implemented in recent years, although the slight decline in adjusted net income in the final year warrants careful monitoring.