(solution) (In millions, except per share amounts) Revenue: interst and

(solution) (In millions, except per share amounts) Revenue: interst and

Ratio Analysis;  Utilize the attached spread sheet to conduct financial ratio analysis for the two companies.  note that the ratios analysis include Liquidity ratios measure a firm?s ability to meet its current obligations. They may include ratios that measure the efficiency of the use of current assets and current liabilities. 

(In millions, except per share amounts)
Revenue:
interst and other income
Services
Total revenue
Costs and expenses
Cost of sales
Cost of services
Research and engineering
Marketing, general and administrative
Impairment and restructuring charges
Litigation settlements
Total costs and expenses
Operating (loss) income
Interest expense, net
(Loss) income before income taxes
Income taxes
Net (loss) income
Net loss (income) attributable to noncontrolling interests
Net (loss) income attributable to Baker Hughes
Basic (loss) earnings per share attributable to Baker Hughes
Diluted (loss) earnings per share attributable to Baker Hughes
Net (loss) income
Other comprehensive (loss) income:
Foreign currency translation adjustments during the period
Pension and other postretirement benefits, net of tax (2015 – $15; 2014 – $9; 2013 – $(23))
Other comprehensive loss
Comprehensive (loss) income
Comprehensive loss (income) attributable to noncontrolling interests
Comprehensive (loss) income attributable to Baker Hughes Schlumberger Limited And Subsidiaries Consolidated Statement of Income
Year Ended December 31,
(In millions, except per share amounts)
Revenue
Iinterest & other income
Gain on formation of OneSubsea
Expense
Cost of revenue
Research & engineering
General & administrative
Impairment & other
Interest
Income from continuing operations before taxes
Taxes on invome
Income from continuing operations
Loss from discontinued operations
Net Income
Net income attributable to noncontrolling interests
Net income attributable to Schlumberger
Schlumberger amounts attributable to :
Income frin continuing operations
Loss from discontinued operations
Net income
Basic Earnings per share of Schlumberger
Income from continuing operations before taxes
loss from discontinued operations
Net Income
Diluted earnings per share of Schlumberger 2015
236.00
15,742.00
4,863.00
9,639.00
483.00
1,173.00
1,993.00
(13.00)
18,138.00
(2,396.00)
(217.00)
(2,613.00)
639.00
(1,974.00)
7.00
(1,967.00)
(4.49)
(4.49)
(1,974.00)
(241.00)
(15.00)
(256.00)
(2,230.00)
7.00
(2,223.00) 2015
35,475.00
236.00
28,321.00
1,094.00
494.00
2,575.00
346.00
2,881.00
746.00
2,135.00
2,135.00
63.00
2,072.00
2,072.00
2,072.00
1.63
1.63 Income from continuing operations
Loss from discontinued operations
Net income
Average share outstanding
Basic
Assuming dilution
Net Income
Currency translation adjusmtents
Unrealized net change arising during the period
Marketable securities
Unrealized (loss) gain arising during the period
Reclassification to net income – impairment change
Cash flow hedges
Net (loss) gain on cash flow hedges
Reclassification to net income of net realized gain (loss)
Pension and other postretirement benefit plans
Actuarial gain loss
Actuarial (loss) gain arising during the period
Amortization to neet income of net actuarial loss
Prior service cost
Amortization to net income of net prio service cost
Income taxes on pension and other postretirement benefit plans
Comprehensive income
Comprehensive income attributable to noncontrolling interests
Comprehensive income atttributable to schlumberger 1.63
1.63
1,267.00
1,275.00
2,135.00
(522.00)
(50.00)
40.00
(178.00)
235.00 (210.00)
306.00
101.00
(74.00)
1,783.00
63.00
1,720.00 Vertical Horizontal 2014 Vertical Horizontal 2013 100% 3%
0%
70% Vertical Horizontal 8,056.00
16,495.00
24,551.00 100.00% 106%
112%
110% 7,594.00
14,770.00
22,364.00 100.00% 100%
100%
100% 31%
61%
3%
7%
13%
0%
115%
-15%
-1%
-17%
4%
-13%
0%
-12%
0%
0%
-13% 82%
76%
87%
90% 6,294.00
13,452.00
613.00
1,271.00 25.64%
54.79%
2.50%
5.18% 106%
107%
110%
97% 5,932.00
12,621.00
556.00
1,306.00 26.52%
56.43%
2.49%
5.84% 100%
100%
100%
100% 89%
-123%
93%
-152%
-104%
-179%
-100%
-179%
-182%
-182%
-179% 62.00
21,692.00
2,859.00
(232.00)
2,627.00
(896.00)
1,731.00
(12.00)
1,719.00
3.93
3.92
1,731.00 0.25%
88.35%
11.65%
-0.94%
10.70%
-3.65%
7.05%
-0.05%
7.00%
0.02%
0.02%
7.05% 106%
147%
99%
153%
146%
157%
171%
157%
159%
159%
157% 20,415.00
1,949.00
(234.00)
1,715.00
(612.00)
1,103.00
(7.00)
1,096.00
2.47
2.47
1,103.00 91.29%
8.71%
-1.05%
7.67%
-2.74%
4.93%
-0.03%
4.90%
0.01%
0.01%
4.93% 100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100% -2%
0%
-2%
-14%
0%
-14% 395%
-45%
914%
-207%
-100%
-208% (216.00)
(29.00)
(245.00)
1,486.00
(12.00)
1,474.00 -0.88%
-0.12%
-1.00%
6.05%
-0.05%
6.00% 354%
-88%
875%
138%
171%
138% (61.00)
33.00
(28.00)
1,075.00
(7.00)
1,068.00 -0.27%
0.15%
-0.13%
4.81%
-0.03%
4.78% 100%
100%
100%
100%
100%
100% Vertical Horizontal 2014 Vertical Horizontal 2013 Vertical Horizontal 100.00%
0.67% 78.37%
143.03% 48,580.00
291.00
– 100.00%
0.60% 107%
176% 45,266.00
165.00
1,028.00 100%
100% 79.83%
3.08%
1.39%
7.26%
0.98%
8.12%
2.10%
6.02%
0.00%
6.02%
0.18%
5.84%
0.00%
5.84%
0.00%
5.84% 80.16%
93.19%
118.75%
564.69%
88.49%
33.15%
40.37%
31.20%
0.00%
31.52%
150.00%
30.78% 37,398.00
1,217.00
475.00
1,773.00
369.00
7,639.00
1,928.00
5,711.00
(205.00)
5,506.00
68.00
5,438.00 105.85%
103.66%
114.18%
388.82%
94.37%
87.90%
104.33%
83.46%
297.10%
81.28%
161.90%
80.78% 35,331.00
1,174.00
416.00
456.00
391.00
8,691.00
1,848.00
6,843.00
(69.00)
6,774.00
42.00
6,732.00 30.47%
0.00%
30.78% 5,643.00
(205.00)
5,438.00 76.98%
2.51%
0.98%
3.65%
0.76%
15.72%
3.97%
11.76%
-0.42%
11.33%
0.14%
11.19%
0.00%
11.62%
-0.42%
11.19% 82.97%
297.10%
80.78% 6,801.00
(69.00)
6,732.00 100.00%
0.36%
2.27%
0.00%
78.05%
2.59%
0.92%
1.01%
0.86%
19.20%
4.08%
15.12%
-0.15%
14.96%
0.09%
14.87%
0.00%
15.02%
-0.15%
14.87% 0.00%
0.00%
0.00% 31.71% 4.36
(0.16)
4.20 0.01%
0.00%
0.01% 84.82% 5.14
(0.05)
5.09 0.01%
0.00%
0.01% 100% 32.02% 82.51% 100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100% 100% 0.00%
0.00%
0.00% 31.96%
0.00%
32.28% 4.31
(0.16)
4.16 0.01%
0.00%
0.01% 84.51%
320.00%
82.38% 3.57%
3.59% 95.77%
95.65% 1,295.00
1,308.00 6.02% 31.52% 5,506.00 -1.47% 345.70% (463.00) -0.14% -142.86% (166.00)
– -0.50%
0.66% -363.27%
-470.00% -0.59%
0.86%
0.28%
-0.21%
5.03%
0.18%
4.85% 5.10
(0.05)
5.05 0.01%
0.00%
0.01% 100%
100%
100% 2.67%
2.69%
0.00%
11.33%
0.00%
-0.95%
0.00%
-0.34% 97.88%
98.12% 1,323.00
1,333.00 2.92%
2.94%
0.00%
14.96%
0.00%
-0.33%
0.00%
0.08%
0.00%
0.00%
0.11%
-0.11% 100%
100% 81.28% 6,774.00 306.62% (151.00) -474.29% 35.00
– (238.00)
113.00 -0.49%
0.23% -486%
-226% -15.81%
102.00% (1,285.00)
177.00 -2.65%
0.36% -97%
59% 1,328.00
300.00 2.93%
0.66% 100%
100% 80.80%
24.50%
21.99%
150.00%
21.32% 128.00
82.00
3,854.00
68.00
3,786.00 0.26%
0.17%
7.93%
0.14%
7.79% 102%
-27%
48%
162%
47% 125.00
(302.00)
8,108.00
42.00
8,066.00 0.28%
-0.67%
17.91%
0.09%
17.82% 100%
100%
100%
100%
100% 49.00
(50.00) 100%
100%
100% 100%
100% ASSETS
2015
Current Assets:
Cash and cash equivalents
Accounts receivable – less allowance for doubtful accounts (2015 – $383; 2014 – $224)
Inventories, net
Deferred income taxes
Other current assets
Total current assets
Property, plant and equipment – less accumulated depreciation
Goodwill
Intangible assets, net
Other assets
Total assets 2,324.00
3,217.00
2,917.00
301.00
509.00
9,268.00
6,693.00
6,070.00
583.00
1,466.00
24,080.00 LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable
Short-term debt and current portion of long-term debt
Accrued employee compensation
Income taxes payable
Other accrued liabilities
Total current liabilities 1,409.00
151.00
690.00
55.00
470.00
2,775.00 Long-term debt
Deferred income taxes and other tax liabilities
Liabilities for pensions and other postretirement benefits
Other liabilities
Commitments and contingencies
Total long-Term liabilities 3,890.00
252.00
646.00
135.00
4,923.00 Total liabilities 7,698.00 Equity:
Common stock, one dollar par value
(shares authorized – 750; issued and outstanding: 2015 – 437; 2014 – 434)
Capital in excess of par value
Retained earnings
Accumulated other comprehensive loss
Treasury stock
Baker Hughes stockholders? equity
Noncontrolling interests
Total equity 437.00
7,261.00
9,614.00
(1,005.00)
(9.00)
16,298.00
84.00
16,382.00 Total liabilities and equity 24,080.00 Schlumberger Limited And Subsidiaries Balance Sheet
Year ended Deccember 31,
Assets
Current Assets:
Cash and cash equivalents
Short-term investments
Receivables less allowance for doubtful accounts
Inventories
Deferred taxes
Other current assests
Total current assets
Fixed income Investments, held to maturity 2015 2,793.00
10,241.00
8,780.00
3,756.00
208.00
1,134.00
26,912.00
418.00 Investments in affiliated companies
Fixed assets less accumulated depreciation
Multiclient seismic data
Goodwill
Intangible Assets
Other assets
Total assets 3,311.00
13,415.00
1,026.00
15,605.00
4,569.00
2,749.00
68,005.00
LIABILITIES AND EQUITY Current Liabilities:
Accounts payable and accrued liabilities
Estimated liability for taxes on income
Long-term debt- current portion
Short-term borrowings
Dividends payable
Total current liabilities 7,727.00
1,203.00
3,011.00
1,546.00
634.00
14,121.00 Long-term debt
Post retirement benefits
Deferred taxes
Other liabilities
Total liabilities 14,442.00
1,434.00
1,075.00
1,028.00
32,100.00 Equity:
Common stock, one dollar par value
Treasury stock
Retained Earnings
Accumulated other comprehensive loss
Schlumberger stockholders' equity
Noncontrolling interests
Total equity
Total Liabilities and equity 12,693.00
(13,372.00)
40,870.00
(4,558.00)
35,633.00
272.00
35,905.00
68,005.00 Vertical Horizontal 2014 Vertical Horizontal 2013 Vertical Horizontal 10%
13%
12%
1%
2%
38% 166%
63%
75%
79%
103%
82% 1,740.00
5,418.00
4,074.00
418.00
395.00
12,045.00 6%
19%
14%
1%
1%
42% 124%
105%
105%
110%
80%
107% 1,399.00
5,138.00
3,884.00
380.00
494.00
11,295.00 5%
18%
14%
1%
2%
40% 100%
100%
100%
100%
100%
100% 28%
25%
2%
6%
100% 74%
102%
66%
205%
86% 9,063.00
6,081.00
812.00
826.00
28,827.00 31%
21%
3%
3%
100% 100%
102%
92%
116%
103% 9,076.00
5,966.00
883.00
714.00
27,934.00 32%
21%
3%
3%
100% 100%
100%
100%
100%
100% 18%
2%
9%
1%
6%
36% 55%
30%
89%
26%
91%
61% 2,807.00
220.00
782.00
265.00
563.00
4,637.00 28%
2%
8%
3%
6%
46% 109%
44%
101%
124%
110%
101% 2,574.00
499.00
778.00
213.00
514.00
4,578.00 26%
5%
8%
2%
5%
46% 100%
100%
100%
100%
100%
100% 51%
3%
8%
2% 100%
31%
111%
85% 3,913.00
740.00
629.00
178.00 39%
7%
6%
2% 101%
90%
108%
113% 3,882.00
821.00
583.00
158.00 39%
8%
6%
2% 100%
100%
100%
100% 64% 90% 5,460.00 54% 100% 5,444.00 54% 100% 100% 77% 10,097.00 100% 101% 10,022.00 100% 100% 3%
44%
59%
-6%
0%
99%
1%
100% 100%
99%
92%
199% 434.00
7,062.00
11,878.00
(749.00) 2%
38%
63%
-4% 99%
96%
114%
149% 438.00
7,341.00
10,438.00
(504.00) 2%
41%
58%
-3% 100%
100%
100%
100% 92%
42%
91% 18,625.00
105.00
18,730.00 99%
1%
100% 105%
53%
105% 17,713.00
199.00
17,912.00 99%
1%
100% 100%
100%
100% 86% 28,827.00 103% 27,934.00 Vertical Horizontal 2014 Vertical Horizontal 2013 Vertical Horizontal 4%
15%
13%
6%
0%
2%
40%
1% 80%
209%
76%
82%
72%
77%
103%
115% 3,130.00
4,371.00
11,171.00
4,628.00
144.00
1,250.00
24,694.00
442.00 5%
7%
17%
7%
0%
2%
37%
1% 90%
89%
97%
101%
50%
85%
94%
122% 3,472.00
4,898.00
11,497.00
4,603.00
288.00
1,467.00
26,225.00
363.00 5%
7%
17%
7%
0%
2%
39%
1% 100%
100%
100%
100%
100%
100%
100%
100% 100% 5%
20%
2%
23%
7%
4%
100% 100%
89%
154%
106%
97%
136%
101% 3,235.00
15,396.00
793.00
15,487.00
4,654.00
2,203.00
66,904.00 5%
23%
1%
23%
7%
3%
100% 98%
102%
119%
105%
99%
109%
100% 3,317.00
15,096.00
667.00
14,706.00
4,709.00
2,017.00
67,100.00 5%
22%
1%
22%
7%
3%
100% 100%
100%
100%
100%
100%
100%
100% 24%
4%
9%
5%
2%
44% 87%
81%
166%
160%
153%
104% 9,246.00
1,647.00
1,244.00
1,521.00
518.00
14,176.00 63%
11%
8%
10%
4%
97% 105%
111%
68%
158%
125%
105% 8,837.00
1,490.00
1,819.00
964.00
415.00
13,525.00 32%
5%
7%
4%
2%
49% 100%
100%
100%
100%
100%
100% 45%
4%
3%
3%
100% 139%
214%
63%
88%
117% 10,565.00
1,501.00
1,296.00
1,317.00
14,679.00 72%
10%
9%
9%
100% 102%
224%
76%
113%
53% 10,393.00
670.00
1,708.00
1,169.00
27,465.00 38%
2%
6%
4%
100% 100%
100%
100%
100%
100% 19%
-20%
60%
-7%
52%
0%
53%
100% 104%
164%
108%
178%
90%
164%
91%
101% 12,495.00
(11,772.00)
41,333.00
(4,206.00)
37,850.00
199.00
38,049.00
66,904.00 19%
-18%
62%
-6%
57%
0%
57%
100% 102%
145%
109%
165%
96%
120%
96%
100% 12,192.00
(8,135.00)
37,966.00
(2,554.00)
39,469.00
166.00
39,635.00
67,100.00 18%
-12%
57%
-4%
59%
0%
59%
100% 100%
100%
100%
100%
100%
100%
100%
100%