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S-3ASR Filing
Schlumberger Limited (SLB) S-3ASRAutomatic shelf registration
Filed: 7 Apr 11, 12:00am
Years Ended December 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income from Continuing Operations before taxes | $ | 5,156 | $ | 3,934 | $ | 6,852 | $ | 6,625 | $ | 4,949 | ||||||||||
Add / (Deduct): | ||||||||||||||||||||
Fixed charges | 333 | 349 | 388 | 366 | 304 | |||||||||||||||
Amortization of capitalized interest | 2 | 1 | 1 | 2 | 1 | |||||||||||||||
Distributions from equity investments | 79 | 106 | 57 | 40 | — | |||||||||||||||
Capitalized interest | (6 | ) | (28 | ) | (31 | ) | — | — | ||||||||||||
Equity income | (164 | ) | (209 | ) | (293 | ) | (249 | ) | (181 | ) | ||||||||||
Total earnings | $ | 5,400 | $ | 4,153 | $ | 6,974 | $ | 6,784 | $ | 5,073 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest Expense (net of capitalized interest) | $ | 207 | $ | 221 | $ | 247 | $ | 275 | $ | 235 | ||||||||||
Add: | ||||||||||||||||||||
Capitalized interest | 6 | 28 | 31 | — | — | |||||||||||||||
213 | 249 | 278 | 275 | |||||||||||||||||
Interest component of rental expense(*) | 120 | 100 | 110 | 91 | 69 | |||||||||||||||
Total fixed charges | $ | 333 | $ | 349 | $ | 388 | $ | 366 | $ | 304 | ||||||||||
Ratio of earnings to fixed charges | 16.2 | 11.9 | 18.0 | 18.5 | 16.7 | |||||||||||||||
(*) | 10% of Operating Lease rental expense. |