Exhibit 99.1
REVENUE & INCOME FROM CONTINUING OPERATIONS
(Restated for WesternGeco carve out from Oilfield Services Areas)
($ Millions)
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REVENUE FROM CONTINUING OPERATIONS
| | 2 0 0 2
| | | 2003
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| | | Q4
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OILFIELD SERVICES | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | $ | 563.7 | | | $ | 558.9 | | | $ | 558.4 | | | $ | 551.2 | | | $ | 2,232.2 | | | $ | 595.4 | |
Latin America | | | 324.6 | | | | 310.4 | | | | 316.9 | | | | 350.2 | | | | 1,302.1 | | | | 289.6 | |
Europe/CIS/W. Africa | | | 554.9 | | | | 587.3 | | | | 647.8 | | | | 594.7 | | | | 2,384.7 | | | | 588.0 | |
Middle East & Asia | | | 445.9 | | | | 486.1 | | | | 477.5 | | | | 468.8 | | | | 1,878.3 | | | | 489.3 | |
Eliminations & Other | | | 14.3 | | | | 16.8 | | | | 17.8 | | | | 24.8 | | | | 73.7 | | | | 14.6 | |
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| | | $ | 1,903.4 | | | $ | 1,959.5 | | | $ | 2,018.4 | | | $ | 1,989.7 | | | $ | 7,871.0 | | | $ | 1,976.9 | |
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WESTERN GECO | | $ | 385.1 | | | $ | 359.9 | | | $ | 399.3 | | | $ | 331.7 | | | $ | 1,476.0 | | | $ | 306.7 | |
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SCHLUMBERGERSEMA | | | | | | | | | | | | | | | | | | | | | | | | |
North & South America | | $ | 146.0 | | | $ | 142.2 | | | $ | 132.2 | | | $ | 124.9 | | | $ | 545.3 | | | $ | 136.2 | |
Europe/Middle East/Africa | | | 529.2 | | | | 552.0 | | | | 579.5 | | | | 656.4 | | | | 2,317.1 | | | | 605.1 | |
Asia | | | 50.5 | | | | 52.0 | | | | 52.5 | | | | 58.0 | | | | 213.0 | | | | 52.5 | |
Telecom Products | | | 15.9 | | | | 22.5 | | | | 15.3 | | | | 15.8 | | | | 69.5 | | | | 12.6 | |
Eliminations | | | (35.2 | ) | | | (42.1 | ) | | | (34.0 | ) | | | (42.4 | ) | | | (153.7 | ) | | | (13.6 | ) |
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| | | $ | 706.4 | | | $ | 726.6 | | | $ | 745.5 | | | $ | 812.7 | | | $ | 2,991.2 | | | $ | 792.8 | |
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OTHER | | $ | 319.6 | | | $ | 358.8 | | | $ | 366.8 | | | $ | 396.4 | | | $ | 1,441.6 | | | $ | 341.5 | |
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Eliminations | | $ | (58.3 | ) | | $ | (67.3 | ) | | $ | (83.8 | ) | | $ | (96.7 | ) | | $ | (306.1 | ) | | $ | (74.6 | ) |
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Revenue | | $ | 3,256.2 | | | $ | 3,337.5 | | | $ | 3,446.2 | | | $ | 3,433.8 | | | $ | 13,473.7 | | | $ | 3,343.3 | |
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INCOME FROM CONTINUING OPERATIONS
| | 2 0 0 2
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| | | Year
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OILFIELD SERVICES | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | $ | 80.3 | | | $ | 76.3 | | | $ | 65.4 | | | $ | 56.2 | | | $ | 278.2 | | | $ | 72.8 | |
Latin America | | | 39.1 | | | | 36.6 | | | | 43.6 | | | | 50.7 | | | | 170.0 | | | | 33.7 | |
Europe/CIS/W. Africa | | | 98.2 | | | | 111.2 | | | | 100.8 | | | | 64.8 | | | | 375.0 | | | | 99.9 | |
Middle East & Asia | | | 104.6 | | | | 119.3 | | | | 114.4 | | | | 115.5 | | | | 453.8 | | | | 115.8 | |
Eliminations & Other | | | (15.3 | ) | | | 3.9 | | | | 2.2 | | | | (11.2 | ) | | | (20.4 | ) | | | (7.6 | ) |
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| | | $ | 306.9 | | | $ | 347.3 | | | $ | 326.4 | | | $ | 276.0 | | | $ | 1,256.6 | | | $ | 314.6 | |
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WESTERN GECO | | $ | 47.0 | | | $ | 18.4 | | | $ | (0.5 | ) | | $ | 6.4 | | | $ | 71.3 | | | $ | — | |
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SCHLUMBERGERSEMA | | | | | | | | | | | | | | | | | | | | | | | | |
North & South America | | $ | (17.0 | ) | | $ | (13.6 | ) | | $ | (1.5 | ) | | $ | (10.5 | ) | | $ | (42.6 | ) | | $ | 4.3 | |
Europe/Middle East/Africa | | | 35.5 | | | | 33.1 | | | | 35.8 | | | | 63.5 | | | | 167.9 | | | | 13.3 | |
Asia | | | 4.1 | | | | 2.9 | | | | 0.9 | | | | (3.0 | ) | | | 4.9 | | | | 10.6 | |
Telecom Products | | | (6.7 | ) | | | (6.2 | ) | | | (8.5 | ) | | | (3.0 | ) | | | (24.4 | ) | | | (5.5 | ) |
Eliminations | | | (15.0 | ) | | | (12.7 | ) | | | (30.0 | ) | | | (13.8 | ) | | | (71.5 | ) | | | (7.9 | ) |
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| | | $ | 0.9 | | | $ | 3.5 | | | $ | (3.3 | ) | | $ | 33.2 | | | $ | 34.3 | | | $ | 14.8 | |
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OTHER | | $ | (3.0 | ) | | $ | 6.7 | | | $ | 5.4 | | | $ | 11.0 | | | $ | 20.1 | | | $ | 3.1 | |
Eliminations | | $ | (29.0 | ) | | $ | (43.2 | ) | | $ | (27.8 | ) | | $ | (48.0 | ) | | $ | (148.0 | ) | | $ | (40.5 | ) |
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Pre-Tax Operating Income | | $ | 322.8 | | | $ | 332.7 | | | $ | 300.2 | | | $ | 278.6 | | | $ | 1,234.3 | | | $ | 292.0 | |
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Interest Income | | | 18.0 | | | | 18.9 | | | | 16.3 | | | | 15.0 | | | | 68.2 | | | | 13.1 | |
Interest Expense | | | (80.2 | ) | | | (94.2 | ) | | | (96.4 | ) | | | (93.3 | ) | | | (364.1 | ) | | | (91.2 | ) |
Charges | | | (30.3 | ) | | | — | | | | — | | | | (3,138.3 | ) | | | (3,168.6 | ) | | | — | |
Tax expense | | | (64.0 | ) | | | (65.2 | ) | | | (57.3 | ) | | | (92.6 | ) | | | (279.1 | ) | | | (69.0 | ) |
Minority Interest | | | (6.5 | ) | | | (0.7 | ) | | | 4.7 | | | | 94.3 | | | | 91.8 | | | | 4.3 | |
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Income from Continuing Operations | | $ | 159.8 | | | $ | 191.5 | | | $ | 167.5 | | | $ | (2,936.3 | ) | | $ | (2,417.5 | ) | | $ | 149.2 | |
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