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
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.