For the year ending 2025-12-31, SLB had -$565M decrease in cash & cash equivalents over the period. $4,795M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 3,451 | 4,579 | 4,275 | 3,492 |
| Charges and credits | - | 541 | 110 | -347 |
| Depreciation and amortization | 2,643 | 2,519 | 2,312 | 2,147 |
| Impairments | 331 | - | - | - |
| Amortization of inventory purchase accounting adjustment | 166 | - | - | - |
| Gain on sale of aps project | 149 | - | - | - |
| Deferred taxes | -279 | -41 | 28 | -39 |
| Stock-based compensation expense | 332 | 316 | 293 | 313 |
| Earnings of equity method investments, less dividends received | 59 | 18 | 132 | 96 |
| Increase in receivables | 75 | 236 | 659 | 1,728 |
| Increase in inventories | 72 | 101 | 254 | 737 |
| Decrease in other current assets | -10 | -3 | -121 | 44 |
| Decrease (increase) in other assets | 22 | -13 | 10 | 45 |
| Increase (decrease) in accounts payable and accrued liabilities | 218 | -994 | 724 | 704 |
| Decrease in estimated liability for taxes on income | -141 | -51 | -62 | 96 |
| Increase (decrease) in other liabilities | 38 | 32 | -76 | 23 |
| Other | -97 | -40 | 33 | 19 |
| Net cash provided by operating activities | 6,489 | 6,602 | 6,637 | 3,720 |
| Capital expenditures | 1,694 | 1,931 | 1,939 | 1,618 |
| Aps investments | 428 | 483 | 507 | 587 |
| Exploration data capitalized | 252 | 198 | 153 | 97 |
| Proceeds from sale of liberty shares | - | - | 137 | 732 |
| Cash acquired in championx corporation acquisition | 479 | - | - | - |
| Proceeds from sale of adc shares | - | - | - | 223 |
| Proceeds from sale of aps project | 338 | - | - | - |
| Proceeds from sale of real estate | - | - | - | 120 |
| Proceeds from sale of championx drilling technologies business | 286 | - | - | - |
| Business acquisitions and investments, net of cash acquired | - | 553 | 242 | 58 |
| Other business acquisitions and investments, net of cash acquired | 187 | - | - | - |
| Sale of short-term investments, net | - | - | -117 | -138 |
| (purchase) sale of short-term investments, net | 33 | 32 | - | - |
| Purchases of blue chip swap securities | 224 | 207 | 185 | 259 |
| Proceeds from sales of blue chip swap securities | 194 | 152 | 97 | 111 |
| Other | -109 | -107 | 108 | 93 |
| Net cash used in investing activities | -1,412 | -3,145 | -2,783 | -1,388 |
| Dividends paid | 1,602 | 1,533 | 1,317 | 848 |
| Stock repurchase program | 2,414 | 1,737 | 694 | - |
| Proceeds from employee stock purchase plan | 222 | 219 | 191 | 142 |
| Proceeds from exercise of stock options | 7 | 29 | 90 | 81 |
| Taxes paid on net-settled stock-based compensation awards | 61 | 90 | 169 | 93 |
| Proceeds from issuance of long-term debt | - | 1,475 | 994 | - |
| Repayment of long-term debt | 1,597 | 955 | 1,578 | 1,650 |
| Net (decrease) increase in short-term borrowings | -19 | -115 | 2 | 37 |
| Other | -178 | -65 | -31 | -51 |
| Net cash used in financing activities | -5,642 | -2,772 | -2,512 | -2,382 |
| Net increase (decrease) in cash before translation effect | - | - | - | -50 |
| Net (decrease) increase in cash before translation effect | -565 | 685 | 1,342 | - |
| Effect of exchange rate changes on cash | 57 | -41 | -97 | -52 |
| Cash and cash equivalents at beginning of period | 3,544 | 2,900 | 1,655 | 1,757 |
| Cash and cash equivalents at end of period | 3,036 | 3,544 | 2,900 | 1,655 |
SLB LIMITED NV (SLB)
SLB LIMITED NV (SLB)