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
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 9,993 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 833 936 982 888 867 987 994 935 859 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 2,807 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 402 404 403 406 410 411 374 373 373 374 263 263 270 195 189 188 189 185 184 184 184 704
Current liabilities 14,035 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 10,891 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 502 507 512 176 175 177 175 166 167 168 165 233 232 232 231 905 956 1,003 1,049 854 905 936
Deferred taxes 12 37 67 171 135 115 140 157 183 194 61 86 99 77 94 19 42
Other liabilities 1,778 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 13,183 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 27,218 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 11,354 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 (3,742) (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 17,433 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 (4,743) (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 20,302 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 1,249 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 21,551 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 48,769 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: 2025-06-30), 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).


Accounts payable and accrued liabilities
The accounts payable and accrued liabilities show a generally stable trend with minor fluctuations. Initially declining from 10,168 million USD in March 2020 to 7,615 million USD by September 2021, the value then increases sharply to 10,904 million USD by December 2021. It maintains a range around 9,000 to 10,300 million USD through mid-2025, indicating consistent short-term obligations with temporary spikes.
Estimated liability for taxes on income
The estimated liability for taxes on income gradually declined from 1,157 million USD in March 2020 to 879 million USD in December 2021. It displayed some volatility thereafter, fluctuating around 830 to 1,038 million USD up to mid-2025 without a clear upward or downward trend, suggesting relatively stable tax obligations with periodic adjustments.
Short-term borrowings and current portion of long-term debt
This liability experienced significant volatility. Starting at 1,233 million USD in March 2020, it sharply dropped to 36 million USD by June 2021 before rising dramatically to a peak of 3,475 million USD in June 2025. Such variability implies varying short-term financing needs, with notably higher short-term borrowings in recent quarters.
Dividends payable
Dividends payable remained relatively steady, increasing moderately from 704 million USD in March 2020 to a stable range of roughly 400 million USD from late 2022 onward. This indicates consistent dividend obligations with a downward adjustment toward a steady payout level over time.
Current liabilities
Current liabilities declined from 13,262 million USD in March 2020 to about 8,784 million USD in June 2021, after which they rose to a peak of 15,036 million USD in June 2025. The overall pattern suggests a reduction in short-term liabilities during 2020-2021 followed by a marked increase, reflecting changing liquidity or operational cycles.
Long-term debt, excluding current portion
Long-term debt showed a declining trend from 15,409 million USD at March 2020 to 10,594 million USD by December 2022, indicating debt reduction efforts. It slightly increased in 2023 but generally remained in the 10,000 to 12,000 million USD range through mid-2025, suggesting moderate leverage management with some rebalancing in recent periods.
Postretirement benefits
This liability decreased from 936 million USD in March 2020 to a low of 165 million USD in December 2022, then rose sharply to 512 million USD by March 2025. The notable decline followed by increase may reflect changes in actuarial assumptions or benefit plans over the periods analyzed.
Deferred taxes
Deferred taxes were inconsistently reported, with some missing values. Generally, the data fluctuated between 12 to 194 million USD, with an observable decrease from 194 million USD in June 2023 down to 12 million USD by March 2025. This variability could indicate timing differences in tax recognition and adjustments.
Other liabilities
Other liabilities generally declined from 3,004 million USD in March 2020 to 1,778 million USD by June 2025, showing a slow but steady reduction in miscellaneous long-term obligations over the examined timeframe.
Noncurrent liabilities
Noncurrent liabilities decreased significantly from 19,349 million USD in March 2020 to 13,128 million USD in December 2022, then fluctuated around 13,000 to 14,600 million USD through mid-2025. This trend aligns with efforts to reduce longer-term obligations, with some variation reflecting debt refinancing or reclassifications.
Total liabilities
Total liabilities showed a decreasing trend from 32,611 million USD at March 2020 to 25,146 million USD in December 2022. However, liabilities began rising again, reaching 28,254 million USD by June 2025. This pattern reveals an initial reduction in obligations followed by increased leverage or financial commitments in recent periods.
Common stock
Common stock values decreased from 12,963 million USD in March 2020 to 11,182 million USD in September 2023, then increased slightly to 11,354 million USD by June 2025. The fluctuations may reflect share repurchases, issuance, or changes in par value but remain within a relatively narrow band.
Treasury stock
Treasury stock showed a significant decrease in negative value from -3,360 million USD in March 2020 to -559 million USD by December 2022, indicating reduced treasury holdings (possibly share repurchases reducing outstanding shares). After 2022, the negative balance increased again to -3,742 million USD by June 2025, suggesting renewed share buyback activity.
Retained earnings
Retained earnings consistently grew from 10,681 million USD in March 2020 to 17,433 million USD by June 2025. This strong upward trend reflects accumulated profitability and reinvestment of earnings over time.
Accumulated other comprehensive loss
Accumulated other comprehensive loss exhibited fluctuations but generally increased in negative magnitude from -4,723 million USD in March 2020 to -4,743 million USD in June 2025, with some periods showing slight improvements. The persistent negative balance suggests ongoing unrealized losses or negative adjustments in other comprehensive income components.
Total stockholders’ equity
Total stockholders’ equity increased from 15,561 million USD in March 2020 to a peak of 21,511 million USD by June 2025, reflecting overall wealth growth for shareholders despite some mid-period declines. This growth is aligned with increasing retained earnings and fluctuations in treasury stock.
Noncontrolling interests
Noncontrolling interests remained relatively stable, gradually rising from 422 million USD in March 2020 to 1,249 million USD by June 2025, indicating slight increases in minority interests over time.
Total equity
Total equity followed the same increasing trend as stockholders’ equity, rising from 15,983 million USD in March 2020 to 21,551 million USD by June 2025. The balance suggests a strengthening equity base supporting the company’s financial position.
Total liabilities and equity
The combined total of liabilities and equity displayed a declining trend from 48,594 million USD in March 2020 to 43,135 million USD in December 2022, followed by an increase to 48,769 million USD in June 2025. This variation mirrors the changes in both liabilities and equity, indicating periods of asset base contraction followed by expansion.