Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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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SLB N.V., consolidated balance sheet: assets

US$ in millions

		Dec 31, 2024		Dec 31, 2023		Dec 31, 2022		Dec 31, 2021		Dec 31, 2020
	Cash
	Short-term investments
	Receivables less allowance for doubtful accounts
	Inventories
	Other current assets
	Current assets
	Investments in affiliated companies
	Fixed assets less accumulated depreciation
	Goodwill
	Intangible assets
	Investments in APS projects
	Pension and other postretirement plan assets
	Operating lease assets
	Exploration data costs capitalized
	Fair value of hedge contracts
	Other
	Other assets
	Non-current assets
	Total assets

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

The analysis of the financial data over the five-year period reveals several distinct trends in both current and non-current assets, contributing to the overall asset growth of the company.

Cash and Cash Equivalents: There is a significant increase in cash holdings, growing from $844 million in 2020 to $3,544 million in 2024, indicating a substantial improvement in liquidity position.
Short-Term Investments: Contrasting with cash, short-term investments show a decreasing trend from $2,162 million in 2020 to $1,125 million in 2024, suggesting a possible shift from marketable securities to cash or other assets.
Receivables: Receivables have steadily increased from $5,247 million in 2020 to $8,011 million in 2024, pointing to higher sales on credit or extended collection periods.
Inventories: Inventories exhibit growth, rising from $3,354 million in 2020 to $4,375 million in 2024, which may reflect stockpiling or increased production capacity.
Other Current Assets: These assets have fluctuated, initially decreasing by 29% from 2020 to 2021, then progressively increasing through 2023, ending slightly below the 2023 peak at $1,515 million in 2024.
Total Current Assets: Despite some fluctuations, total current assets have shown overall growth, climbing from $12,919 million in 2020 to $18,570 million in 2024, underscoring enhanced short-term asset base.
Investments in Affiliated Companies: Investment values slightly declined from $2,061 million in 2020 to $1,635 million in 2024, suggesting divestitures or valuation adjustments.
Fixed Assets (Net): Fixed assets, net of depreciation, have mildly increased from $6,826 million in 2020 to $7,359 million in 2024, indicating ongoing capital investment.
Goodwill: Goodwill balances have steadily risen from $12,980 million in 2020 to $14,593 million in 2024, potentially reflecting acquisitions or revaluations.
Intangible Assets: Intangible assets show a downward trend overall, decreasing from $3,455 million in 2020 to $3,012 million in 2024, interspersed with some recovery years, which may indicate amortization or impairment.
Investments in APS Projects: These assets have grown from $1,713 million in 2020 to $2,083 million in 2024, indicating increased investment in specific project initiatives.
Pension and Other Postretirement Plan Assets: There is a notable drop from a peak of $1,034 million in 2021 to $472 million in 2024, suggesting changes in plan funding or asset performance.
Operating Lease Assets: After a decline in 2021 and 2022, operating lease assets increased again in 2023 and slightly declined in 2024, demonstrating fluctuations in leased asset utilization.
Exploration Data Costs Capitalized: These costs have generally decreased from $317 million in 2020 to $196 million in 2024 but show minor fluctuations, indicating variable exploration activity.
Fair Value of Hedge Contracts: Hedge asset values have sharply decreased from $427 million in 2020 to $14 million in 2024, reflecting reduced fair value or possibly fewer hedging activities.
Other and Other Assets: Other asset categories have gradually decreased, with 'Other' dropping from $666 million to $299 million and 'Other Assets' slightly declining from $4,193 million to $3,766 million over the period.
Non-Current Assets: The non-current asset base remained relatively stable, around $28,000 million to $30,000 million, with a slight upward trend in recent years, indicating moderate capital investment and asset retention.
Total Assets: Total assets decreased slightly from $42,434 million in 2020 to $41,511 million in 2021 but then steadily increased to $48,935 million by 2024, demonstrating growth in overall asset base after initial contraction.

Assets: Selected Items

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Current Assets: Selected Items