Stock Analysis on Net
Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Schlumberger Ltd., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Accounts payable and accrued liabilities 20.49 20.86 21.20 20.79 20.45 21.00 22.74 20.13 19.94 19.84 21.15 20.49 19.91 20.58 20.19 18.56 18.66 18.93 19.89 20.88 21.99 20.92
Estimated liability for taxes on income 1.71 1.91 2.01 1.78 1.76 2.06 2.07 2.04 1.92 2.37 2.32 2.13 2.06 2.24 2.12 2.21 2.26 2.34 2.39 2.21 2.36 2.38
Short-term borrowings and current portion of long-term debt 5.76 7.09 2.15 2.13 2.09 2.99 2.34 4.36 4.45 4.88 3.78 2.04 2.10 2.20 2.19 2.50 0.09 1.78 2.00 2.93 1.35 2.54
Dividends payable 0.82 0.82 0.82 0.82 0.83 0.86 0.78 0.81 0.83 0.85 0.61 0.60 0.63 0.46 0.46 0.46 0.46 0.44 0.43 0.42 0.41 1.45
Current liabilities 28.78% 30.68% 26.18% 25.51% 25.13% 26.91% 27.93% 27.35% 27.13% 27.94% 27.86% 25.25% 24.71% 25.49% 24.95% 23.72% 21.47% 23.49% 24.72% 26.44% 26.12% 27.29%
Long-term debt, excluding current portion 22.33 21.48 22.53 23.84 24.62 22.44 22.61 24.33 25.30 24.39 24.56 28.24 30.23 31.37 32.01 35.02 38.35 37.67 37.79 37.38 37.53 31.71
Postretirement benefits 1.03 1.03 1.05 0.35 0.35 0.37 0.36 0.36 0.37 0.38 0.38 0.53 0.54 0.55 0.56 2.21 2.34 2.39 2.47 1.94 2.03 1.93
Deferred taxes 0.02 0.08 0.14 0.34 0.27 0.24 0.29 0.34 0.41 0.44 0.14 0.20 0.23 0.18 0.23 0.00 0.00 0.00 0.04 0.00 0.09 0.00
Other liabilities 3.65 4.38 4.44 4.29 4.49 4.23 4.27 4.60 4.54 4.93 5.35 6.07 5.47 5.15 5.43 5.76 5.92 5.60 5.54 6.17 6.35 6.18
Noncurrent liabilities 27.03% 26.97% 28.15% 28.83% 29.74% 27.28% 27.53% 29.64% 30.63% 30.15% 30.43% 35.04% 36.47% 37.25% 38.22% 42.98% 46.60% 45.65% 45.85% 45.49% 46.00% 39.82%
Total liabilities 55.81% 57.66% 54.33% 54.34% 54.87% 54.19% 55.46% 56.98% 57.76% 58.09% 58.30% 60.29% 61.18% 62.74% 63.18% 66.70% 68.08% 69.14% 70.57% 71.93% 72.11% 67.11%
Common stock 23.28 22.10 23.41 22.92 23.09 23.70 24.24 24.41 25.14 25.68 27.44 26.91 27.98 28.49 30.37 30.63 31.12 30.12 30.57 29.32 29.20 26.68
Treasury stock -7.67 -6.72 -3.62 -2.60 -1.97 -1.11 -1.41 -1.36 -1.67 -1.27 -2.36 -2.67 -3.35 -3.58 -5.38 -5.57 -6.33 -6.18 -7.15 -6.93 -7.48 -6.91
Retained earnings 35.75 34.29 33.50 31.52 30.16 29.61 28.14 27.81 26.71 25.76 24.85 22.46 21.58 20.33 19.75 18.95 18.09 16.99 16.54 15.47 15.83 21.98
Accumulated other comprehensive loss -9.73 -9.84 -10.12 -8.62 -8.60 -8.88 -8.87 -8.55 -8.67 -8.97 -8.94 -7.70 -8.09 -8.67 -8.60 -11.45 -11.67 -11.10 -11.51 -10.76 -10.61 -9.72
Total SLB stockholders’ equity 41.63% 39.82% 43.18% 43.22% 42.68% 43.33% 42.10% 42.32% 41.51% 41.20% 41.00% 39.01% 38.12% 36.57% 36.14% 32.56% 31.20% 29.84% 28.45% 27.10% 26.96% 32.02%
Noncontrolling interests 2.56 2.52 2.49 2.45 2.45 2.48 2.44 0.70 0.73 0.71 0.70 0.71 0.70 0.70 0.68 0.74 0.73 1.02 0.99 0.97 0.93 0.87
Total equity 44.19% 42.34% 45.67% 45.66% 45.13% 45.81% 44.54% 43.02% 42.24% 41.91% 41.70% 39.71% 38.82% 37.26% 36.82% 33.30% 31.92% 30.86% 29.43% 28.07% 27.89% 32.89%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

The analysis of the quarterly financial data reveals several notable trends and shifts in the composition of liabilities and equity over the reported periods.

Accounts Payable and Accrued Liabilities
This component fluctuates moderately between approximately 18.5% and 22.7% of total liabilities and equity. It shows a tendency to increase during the latter quarters, reaching a peak in December 2021 and again in December 2023, suggesting periodic rises in short-term obligations.
Estimated Liability for Taxes on Income
This liability generally remains stable within a narrow range around 2% of total liabilities and equity, with a slight downward movement observed from early 2023 through 2025, indicating marginally reduced tax liabilities relative to total capital.
Short-term Borrowings and Current Portion of Long-term Debt
There is notable variability in this category, with values generally oscillating between 0.09% and 7.09%. Peaks are observed at the end of 2022 and mid-2025, implying episodic increases in short-term financing obligations. The sharp increases toward mid-2025 indicate a possible strategic shift in short-term debt financing.
Dividends Payable
This item steadily increases from about 0.4% in 2020 to approximately 0.82% by 2025, reflecting a gradual increase in dividend commitments relative to the total capital structure.
Current Liabilities
Current liabilities exhibit a rising trend from approximately 21.5% in mid-2021 to near 30.7% in the first half of 2025, signaling an expansion in short-term obligations over time.
Long-term Debt, Excluding Current Portion
Long-term debt decreases consistently from around 38.35% in mid-2021 to below 22.5% by mid-2025. This decline indicates a reduction in the company's reliance on long-term borrowed funds, potentially reflecting debt repayments or refinancing strategies.
Postretirement Benefits
After a sharp decline from over 2.3% in early 2021 to below 0.4% in 2022, this liability remains relatively low and stable near 1% starting from 2024, suggesting changes in benefit obligations or accounting adjustments.
Deferred Taxes
Deferred taxes display irregular fluctuations but generally maintain a low percentage, around 0.1% to 0.4%, with a slight decreasing trend towards 2025.
Other Liabilities
Other liabilities gradually decrease from over 6% in early 2020 to approximately 3.65% by mid-2025, reflecting a reduction in miscellaneous obligations of the company over time.
Noncurrent Liabilities
Noncurrent liabilities follow a declining trajectory from about 46% in mid-2020 to under 27% by mid-2025, consistent with the observed decrease in long-term debt and other long-term obligations.
Total Liabilities
Total liabilities show a steady decrease from over 72% in mid-2020 to about 56% by the end of 2023, then stabilize around 55% through mid-2025. This suggests a gradual deleveraging over the period analyzed.
Common Stock
The proportion attributed to common stock declines steadily from about 31% in mid-2021 to roughly 22% by 2025, indicating either share repurchases, dilution, or changes in equity capital composition.
Treasury Stock
Treasury stock values indicate increasingly negative percentages in later years, with a notable decrease to nearly -7.7% by mid-2025. This trend suggests active share repurchase programs, increasing treasury stock holdings relative to total capital.
Retained Earnings
Retained earnings steadily increase from below 16% in 2020 to nearly 36% by mid-2025, highlighting consistent accumulation of earnings within the company and reinforcing its equity base.
Accumulated Other Comprehensive Loss
This loss remains negative throughout, fluctuating around -8% to -10%, with some moderation in magnitude towards 2023 but a slight rebound in 2024 and 2025, indicating persistent but controlled comprehensive losses.
Total Stockholders’ Equity
The equity portion increases from about 27% in 2020 to over 44% by mid-2025, reflecting an overall strengthening of the company's equity base relative to total capital, supported by rising retained earnings and stable noncontrolling interests.
Noncontrolling Interests
Noncontrolling interests stay fairly stable between 0.68% and 2.56%, with a slight increase approaching 2.5% in recent quarterly periods, indicating modest growth in minority interests.
Total Equity
Total equity rises from roughly 28% in 2020 to above 44% by 2025, reinforcing the trend of a strengthening equity structure with an increasing share of total liabilities and equity.
Total Liabilities and Equity
This sum remains constant at 100%, ensuring that changes in individual components reflect shifts within the firm's capital structure rather than scale changes.

Overall, the data demonstrates a gradual reduction in total liabilities, particularly long-term debt, alongside an increasing reliance on equity funding supported by accumulated retained earnings. Short-term borrowings exhibit volatility with intermittent spikes, possibly tied to liquidity management strategies. The steady increase in treasury stock suggests ongoing share repurchase activities. The company appears to be shifting towards a more equity-oriented capital structure over the period examined.