WEATHERFORD INTERNATIONAL LTD./SWITZERLAND Financial Statements (2026 and earlier)
Company Profile
| Business Address |
4-6 RUE JEAN-FRANCOIS BARTHOLONI 1204 GENEVA, 1204 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1381 - Drilling Oil and Gas Wells (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2014 MRQ | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 435 | 300 | |||
| Cash and cash equivalent | 435 | 300 | |||
| Receivables | 3,594 | 3,885 | |||
| Inventory, net of allowances, customer advances and progress billings | ✕ | 3,371 | 3,675 | ||
| Inventory | 3,371 | 3,675 | |||
| Other current assets | 1,065 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | 793 | ||
| Other undisclosed current assets | 309 | 376 | |||
| Total current assets: | 8,774 | 9,029 | |||
| Noncurrent Assets | |||||
| Property, plant and equipment | 8,368 | 8,299 | |||
| Long-term investments and receivables | 296 | 646 | |||
| Long-term investments | 296 | 646 | |||
| Intangible assets, net (including goodwill) | ✕ | 4,335 | 4,637 | ||
| Goodwill | 3,709 | 3,871 | |||
| Intangible assets, net (excluding goodwill) | 626 | 766 | |||
| Other noncurrent assets | 204 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | 184 | ||
| Total noncurrent assets: | 13,203 | 13,766 | |||
| TOTAL ASSETS: | 21,977 | 22,795 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 2,746 | 2,765 | |||
| Taxes payable | 183 | 167 | |||
| Employee-related liabilities | 472 | 490 | |||
| Accounts payable | 2,091 | 2,108 | |||
| Debt | 1,666 | 1,585 | |||
| Other liabilities | 1,160 | 1,079 | |||
| Billings in excess of cost | 127 | 281 | |||
| Total current liabilities: | 5,699 | 5,710 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation, including: | 7,061 | 7,049 | |||
| Other undisclosed long-term debt and lease obligation | 7,061 | 7,049 | |||
| Liabilities, other than long-term debt | 1,014 | 1,218 | |||
| Other liabilities | 1,014 | 1,218 | |||
| Total noncurrent liabilities: | 8,075 | 8,267 | |||
| Total liabilities: | 13,774 | 13,977 | |||
| Equity | |||||
| Equity, attributable to parent | 8,162 | 8,786 | |||
| Common stock | 775 | 775 | |||
| Treasury stock, value | (37) | (182) | |||
| Additional paid in capital | 4,600 | 4,674 | |||
| Accumulated other comprehensive income (loss) | (187) | 163 | |||
| Retained earnings | 3,011 | 3,356 | |||
| Equity, attributable to noncontrolling interest | 41 | 32 | |||
| Total equity: | 8,203 | 8,818 | |||
| TOTAL LIABILITIES AND EQUITY: | 21,977 | 22,795 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues (Revenue, Net) | 15,263 | 15,215 | ||
| Cost of revenue | (13,931) | (14,917) | ||
| Cost of product and service sold | (12,302) | (11,855) | ||
| Other undisclosed gross profit | 1,629 | 3,062 | ||
| Gross profit: | 2,961 | 3,360 | ||
| Operating expenses | (809) | (1,724) | ||
| Other undisclosed operating loss | (1,629) | (1,338) | ||
| Operating income: | 523 | 298 | ||
| Nonoperating expense | (442) | (15) | ||
| Investment income, nonoperating | (299) | |||
| Gain (loss), foreign currency transaction, before tax | (66) | 85 | ||
| Other nonoperating expense | (77) | (100) | ||
| Income from continuing operations before equity method investments, income taxes: | 81 | 283 | ||
| Other undisclosed loss from continuing operations before income taxes | (251) | |||
| Income (loss) from continuing operations before income taxes: | (170) | 283 | ||
| Income tax expense | (144) | (462) | ||
| Loss from continuing operations: | (314) | (179) | ||
| Loss before gain (loss) on sale of properties: | (314) | (179) | ||
| Other undisclosed net loss | (571) | |||
| Net loss: | (314) | (750) | ||
| Net loss attributable to noncontrolling interest | (31) | (28) | ||
| Net loss available to common stockholders, diluted: | (345) | (778) | ||
Comprehensive Income ($ in millions)
| 3/31/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net loss: | (314) | (750) | ||
| Other comprehensive income (loss) | (350) | 83 | ||
| Comprehensive loss: | (664) | (667) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 31 | 28 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (62) | (56) | ||
| Comprehensive loss, net of tax, attributable to parent: | (695) | (695) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.