Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

Microsoft Excel
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 10,221 10,375 10,346 10,099 10,051 10,904 9,222 8,938 8,700 9,121 9,034 8,528 8,638 8,382 7,615 7,635 7,956 8,442 9,201 9,824 10,168
Estimated liability for taxes on income 936 982 888 867 987 994 935 859 1,038 1,002 938 884 940 879 907 924 983 1,015 974 1,054 1,157
Short-term borrowings and current portion of long-term debt 3,475 1,051 1,059 1,033 1,430 1,123 1,998 1,993 2,140 1,632 899 901 923 909 1,025 36 749 850 1,292 603 1,233
Dividends payable 404 403 406 410 411 374 373 373 374 263 263 270 195 189 188 189 185 184 184 184 704
Current liabilities 15,036 12,811 12,699 12,409 12,879 13,395 12,528 12,163 12,252 12,018 11,134 10,583 10,696 10,359 9,735 8,784 9,873 10,491 11,651 11,665 13,262
Long-term debt, excluding current portion 10,527 11,023 11,864 12,156 10,740 10,842 11,147 11,342 10,698 10,594 12,452 12,946 13,163 13,286 14,370 15,687 15,834 16,036 16,471 16,763 15,409
Postretirement benefits 507 512 176 175 177 175 166 167 168 165 233 232 232 231 905 956 1,003 1,049 854 905 936
Deferred taxes 37 67 171 135 115 140 157 183 194 61 86 99 77 94 19 42
Other liabilities 2,147 2,172 2,137 2,218 2,022 2,046 2,108 2,037 2,163 2,308 2,677 2,342 2,160 2,255 2,363 2,422 2,354 2,350 2,721 2,836 3,004
Noncurrent liabilities 13,218 13,774 14,348 14,684 13,054 13,203 13,578 13,729 13,223 13,128 15,448 15,619 15,632 15,866 17,638 19,065 19,191 19,454 20,046 20,546 19,349
Total liabilities 28,254 26,585 27,047 27,093 25,933 26,598 26,106 25,892 25,475 25,146 26,582 26,202 26,328 26,225 27,373 27,849 29,064 29,945 31,697 32,211 32,611
Common stock 10,827 11,458 11,408 11,401 11,344 11,624 11,182 11,270 11,264 11,837 11,867 11,981 11,957 12,608 12,571 12,730 12,663 12,970 12,921 13,044 12,963
Treasury stock (3,292) (1,773) (1,294) (973) (531) (678) (621) (750) (559) (1,016) (1,176) (1,436) (1,503) (2,233) (2,287) (2,591) (2,598) (3,033) (3,055) (3,339) (3,360)
Retained earnings 16,804 16,395 15,687 14,890 14,172 13,497 12,742 11,974 11,296 10,719 9,904 9,244 8,532 8,199 7,775 7,399 7,142 7,018 6,818 7,073 10,681
Accumulated other comprehensive loss (4,824) (4,950) (4,290) (4,247) (4,249) (4,254) (3,917) (3,886) (3,933) (3,855) (3,396) (3,464) (3,639) (3,570) (4,697) (4,776) (4,664) (4,884) (4,743) (4,738) (4,723)
Total SLB stockholders’ equity 19,515 21,130 21,511 21,071 20,736 20,189 19,386 18,608 18,068 17,685 17,199 16,325 15,347 15,004 13,362 12,762 12,543 12,071 11,941 12,040 15,561
Noncontrolling interests 1,233 1,220 1,217 1,209 1,187 1,170 321 326 312 304 312 300 292 282 303 297 429 418 428 416 422
Total equity 20,748 22,350 22,728 22,280 21,923 21,359 19,707 18,934 18,380 17,989 17,511 16,625 15,639 15,286 13,665 13,059 12,972 12,489 12,369 12,456 15,983
Total liabilities and equity 49,002 48,935 49,775 49,373 47,856 47,957 45,813 44,826 43,855 43,135 44,093 42,827 41,967 41,511 41,038 40,908 42,036 42,434 44,066 44,667 48,594

Based on: 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).


Accounts payable and accrued liabilities
The amounts show a decreasing trend from March 2020 (10,168 million) to March 2021 (7,956 million), followed by some fluctuations and a general upward movement peaking at 10,904 million in December 2023. The values stabilize around 10,200-10,400 million towards March 2025.
Estimated liability for taxes on income
This liability generally decreases from early 2020 through the end of 2021. Starting 2022, it exhibits moderate fluctuations, with a slight downward trend towards the last quarter of the available data, fluctuating near 900 million.
Short-term borrowings and current portion of long-term debt
There is significant volatility in short-term borrowings. A notable low occurs mid-2021 at 36 million, followed by a sharp increase peaking at 2,140 million in March 2023. The figure drops again in subsequent periods before reaching a high of 3,475 million in March 2025.
Dividends payable
Dividends payable remain relatively stable with slow growth from 704 million in March 2020 to around 400 million in recent quarters, showing slight variability around the 400 million mark throughout 2023-2025.
Current liabilities
Current liabilities decreased from 13,262 million in March 2020 to a low of 8,784 million in June 2021. After that, there is an increasing trend with values reaching 15,036 million by March 2025, indicating rising short-term obligations.
Long-term debt, excluding current portion
The long-term debt shows a downward trend from 15,409 million in March 2020 to 10,527 million by March 2025, with some fluctuations and minor peaks in mid-2023 and mid-2024, suggesting efforts to reduce long-term leverage over the period.
Postretirement benefits
Values remain relatively steady around 900 million in early periods but sharply decline to around 200 million by the end of 2021 and stay low until a marked increase in early 2025, reaching around 500 million, indicating a change in benefit obligations or reporting.
Deferred taxes
Deferred taxes show erratic and incomplete data but mostly stay below 200 million, with values around 40 to 190 million between 2021 and 2025, lacking a clear trend due to data gaps.
Other liabilities
There is a gradual decrease from 3,004 million in March 2020 to roughly 2,100-2,200 million in recent quarters, suggesting a reduction in miscellaneous obligations over time.
Noncurrent liabilities
Noncurrent liabilities decreased from 19,349 million in March 2020 to around 13,000 million in late 2022, then show an upward trend reaching approximately 14,300 million in 2024, followed by a decline to 13,218 million in March 2025.
Total liabilities
Total liabilities decline from 32,611 million in March 2020 to about 25,146 million in December 2022, then increase steadily to 28,254 million by March 2025, reflecting a growth in overall obligations in recent years.
Common stock
Common stock value decreases from approximately 12,963 million in early 2020 to 10,827 million by March 2025, with minor fluctuations, indicating possible stock buybacks or adjustments.
Treasury stock
Treasury stock figures steadily increase (less negative) from -3,360 million in March 2020 to a low of -559 million in early 2023, then reverse to become more negative reaching -3,292 million by March 2025, suggesting active stock repurchase programs resumed later.
Retained earnings
Retained earnings show a consistent upward progression from 10,681 million in March 2020 to 16,804 million by March 2025, indicating accumulated profits over the period.
Accumulated other comprehensive loss
This line item remains negative throughout, fluctuating mildly between -2,500 million and -5,000 million, with a general trend toward increased comprehensive losses, particularly noticeable by late 2024.
Total stockholders’ equity
Total stockholders’ equity rises from 15,561 million in March 2020 to peak at 21,071 million in late 2024 before decreasing to 19,515 million by March 2025, showing growth with some sector volatility.
Noncontrolling interests
Values remain relatively stable initially but increase notably from 312 million in 2022 to about 1,233 million in March 2025, indicating increasing minority interests in subsidiaries or ventures.
Total equity
Total equity follows a growth pattern from 15,983 million in March 2020 to a high near 22,728 million in late 2024, then declines slightly to 20,748 million by March 2025, reflecting movements in equity components and share repurchase activity.
Total liabilities and equity
The total shows a decreasing trend from 48,594 million in March 2020 to a low of approximately 42,134 million in late 2022, with a rise thereafter to near 49,002 million by March 2025, reflecting overall balance sheet growth.