Weatherford International Ltd.

EANS-Adhoc: Weatherford Reports Third Quarter 2013 EPS of $0.23 (non-GAAP)

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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Earnings/9-month report
05.11.2013


53% Sequential Increase in EPS driven by Improved Operating Margins

FCPA, Oil-for-Food and Sanctioned Countries definitive agreements
reached

GENEVA, Nov. 4, 2013 -- Weatherford International Ltd. (NYSE/Euronext
Paris/SIX: WFT) reported results for the third quarter ended September
30, 2013.

Third Quarter 2013 Summary


--  $0.23 per diluted share (non-GAAP), or net income of $177 million
    excluding after-tax charges of $155 million;
--  FCPA, Oil-for-Food and Sanctioned Countries definitive agreements
    reached, subject to final SEC Commission and Court approvals; estimated
    costs and terms of the settlement remain unchanged;
--  International operating income margin increased 270 basis points
    sequentially, and all international segments showed operating income
    margin improvement;
--  North America operating income margin expanded 260 basis points
    sequentially with the U.S. and Canada both generating margin
    improvement;
--  Foreign exchange losses were $27 million in the third quarter, an
    increase of $12 million sequentially;
--  The non-GAAP effective tax rate for the quarter was 20%;
--  Announced the sale of Borets for $400 million with cash proceeds of $370
    million in Q4;
--  Free cash flow improved by over $150 million sequentially, driven by
    reduction in capital expenditures and operating efficiency improvements;
    and
--  Capital expenditures, net of lost-in-hole, declined 39% compared to the
    prior year quarter and 20% sequentially.

end of ad-hoc-announcement
================================================================================
Third Quarter 2013 Results

On a GAAP basis, segment operating income was $395 million with third quarter

net income of $22 million, or earnings of $0.03 per diluted share. This
included:


--  $113 million, net of tax, associated with legacy lump sum contracts in
    Iraq;
--  $25 million, net of tax, in severance, exit and other charges; and
--  $17 million, net of tax, in professional fees and expenses related to
    the historical U.S. government investigations and the on-going
    remediation of our material weakness related to income taxes.



Outlook

The Company expects the fourth quarter to continue to show sequential
improvements in revenue and operating income in North America, with the U.S.
benefiting from a lower operating cost structure and higher activity levels in
Canada. Latin America will be flat sequentially. The outlook for the Eastern
Hemisphere remains positive with continued expansion in Europe, Caspian and
Sub-Saharan Africa, and with continued improvement in the Middle East/North
Africa and Asia Pacific region. Better operating performance in the fourth
quarter coupled with further cost reductions and improvements in capital
efficiency measures point to a positive outlook. The Company now expects its
2013 annual effective tax rate to be in the range of 22% to 24%. The divestiture
process of our non-core businesses is fully underway and progressing with all
transactions expected to be complete by year-end 2014. Supplemental details
related to the divestiture process are available on our website,
www.weatherford.com in the Investor Relations section.  

Regional Highlights


--  North America
    North America revenues for the quarter were $1,597 million, up 4%
    sequentially and down 7% from the same quarter in the prior year. The
    quarter's operating income was up 29% sequentially at $215 million, and
    down $82 million, or 28% from the same quarter in the prior year. The
    sequential increase was largely due to the seasonal recovery from spring
    break-up in Canada positively impacting revenues and margins in all
    product lines, as well as higher profitability generated by further
    internal cost efficiencies and strong execution.
--  Middle East/North Africa/Asia Pacific
    Third quarter revenues of $819 million were up $119 million, or 17%
    higher than the third quarter of 2012, and down $100 million, or 11%
    lower sequentially. The current quarter's operating income of $69
    million increased $33 million, or 92% from the same quarter in the prior
    year, and increased 5% sequentially. Middle East and North Africa
    profitability improved sequentially and was partially offset by lower
    sequential performance in the Asia Pacific region. Iraq margins,
    excluding legacy contracts, also improved sequentially and
    year-over-year.
--  Europe/Sub-Sahara Africa/Russia
    Third quarter regional operating income and revenue were the highest in
    our history. Third quarter revenues of $691 million were 10% higher than
    the third quarter of 2012 and up 1% sequentially. The current quarter's
    operating income of $103 million increased 17% when compared to the same
    quarter in the prior year, and increased $20 million or 24%
    sequentially. The year-over-year operating income increase resulted from
    higher margins in the region driven by Europe and Sub-Saharan Africa.
    Sequentially, operating income expanded primarily driven by increased
    seasonal profitability in Russia.
--  Latin America
    Third quarter revenues of $713 million were down $26 million, or 4%
    sequentially and down $55 million, or 7% compared to the third quarter
    of 2012. The decline in revenue in the third quarter compared to the
    prior year was largely related to lower activity in Mexico. The current
    quarter's operating income of $115 million was up $18 million, or 19%
    compared to the same quarter in the prior year, and $25 million, or 28%
    higher sequentially, primarily driven by increased profitability in
    Argentina. Sequential increases in profitability were achieved despite
    activity contraction in Mexico, our largest country in the region.



Liquidity and Free Cash Flow

Free cash flow improved by over $150 million sequentially, driven by better
operating efficiency and a reduction in capital expenditures. Capital
expenditures, net of lost-in-hole, declined 39% year-over-year and 20%
sequentially. Inventory levels were down for the second consecutive quarter and
contracted 2% sequentially. Days sales in inventory decreased to 84 days from 85
days in the prior quarter and 87 days in the same quarter a year ago. Days sales
outstanding increased two days year-over-year and five days sequentially mainly
attributable to the deferment of cash collections in Latin America. 

Non-GAAP Performance Measures; Supplemental Divestiture Presentation

Unless explicitly stated to the contrary, all performance measures used
throughout this document are non-GAAP. Corresponding reconciliations to GAAP
financial measures have been provided in the following pages to offer meaningful
comparisons between current results and results in prior operating periods. As
an adjunct to this press release, we have furnished and posted to our website a
presentation about our ongoing divestiture program.

About Weatherford

Weatherford is a Swiss-based, multinational oilfield service company. It is one
of the largest global providers of technology and services for the oil and gas
industry. Weatherford operates in over 100 countries, and employs over 65,000
people worldwide. For more information, visit www.weatherford.com

Conference Call

The Company will host a conference call with financial analysts to discuss the
quarterly results on November 5, 2013, at 8:30 a.m. eastern standard time (EST),
7:30 a.m. central standard time (CST). Weatherford invites investors to listen
to the call live via the Company's website, www.weatherford.com in the Investor
Relations section. A recording of the conference call and transcript of the call
will be available in that section of the website shortly after the call ends. 

Forward-Looking Statements

This press release and the documents referenced herein contain, and the
conference call announced in this release may include, forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. This includes statements related to future levels of earnings, revenue,
expenses, margins, capital expenditures, changes in working capital, cash flows,
tax expense, effective tax rates, net income, and the ongoing divestiture
program. Forward-looking statements also include any statements about the
resolution or potential future resolution of our ongoing remediation of our
material weaknesses in internal control over financial reporting for income
taxes and our assessment of the degree to which historical remediation efforts
have been successful to date. It is inherently difficult to make projections or
other forward-looking statements in a cyclical industry and given the current
macroeconomic uncertainty. Such statements are based upon the current beliefs of
Weatherford's management, and are subject to significant risks, assumptions and
uncertainties. These include the company's inability to design or improve
internal controls to address identified issues; the impact upon operations of
legal compliance matters or internal controls review, improvement and
remediation, including the detection of wrongdoing, improper activities or
circumvention of internal controls; difficulties in controlling expenses,
including costs of legal compliance matters or internal controls review,
improvement and remediation; impact of changes in management or staff levels,
the effect of global political, economic and market conditions on the company's
projected results; the possibility that the company may be unable to recognize
expected revenues from current and future contracts; the effect of currency
fluctuations on the company's business; the company's ability to manage its
workforce to control costs; the cost and availability of raw materials, the
company's ability to manage its supply chain and business processes; the
company's ability to commercialize new technology; whether the company can
realize expected benefits from its redomestication of its former Bermuda parent
company; the company's ability to realize expected benefits from its
acquisitions and dispositions; the effect of a downturn in its industry on the
company's carrying value of its goodwill; the effect of weather conditions on
the company's operations; the impact of oil and natural gas prices and worldwide
economic conditions on drilling activity; the effect of turmoil in the credit
markets on the company's ability to manage risk with interest rate and foreign
exchange swaps; the outcome of pending government investigations, including the
Securities and Exchange Commission's investigation of the circumstances
surrounding the company's material weakness in its internal control over
financial reporting of income taxes; the outcome of ongoing litigation,
including shareholder litigation related to the company's material weakness in
its internal control over financial reporting of income taxes and its
restatement of historical financial statements; the future level of crude oil
and natural gas prices; demand for our products and services; levels of pricing
for our products and services; utilization rates of our equipment; the
effectiveness of our supply chain; weather-related disruptions and other
operational and non-operational risks that are detailed in our most recent Form
10-K and other filings with the U.S. Securities and Exchange Commission. Should
one or more of these risks or uncertainties materialize, or underlying
assumptions prove incorrect, actual results may vary materially from those
indicated in our forward-looking statements. Specifically, statements regarding
the current period assume that there will be no subsequent events or other
adverse developments after the date of this press release that cause our
financial statements for the current period, when filed with the SEC, to vary
materially from the amounts herein. We undertake no obligation to correct or
update any forward-looking statement, whether as a result of new information,
future events, or otherwise, except to the extent required under federal
securities laws.




                                       Weatherford International Ltd.
                               Consolidated Condensed Statements of Operations
                                                 (Unaudited)
                                (In Millions, Except Per Share Amounts)



                                   Three Months Ended    Nine Months Ended
                                   ------------------    -----------------

                                 9/30/2013  9/30/2012   9/30/2013  9/30/2012
                                 ---------  ---------   ---------  ---------
    Net Revenues:
       North America              $1,597     $1,725      $4,818     $5,142
       Middle East/North
        Africa/Asia                  819        700       2,523      1,944
       Europe/SSA/Russia             691        626       2,005      1,850
       Latin America                 713        768       2,179      2,221
                                   3,820      3,819      11,525     11,157
                                   -----      -----      ------     ------
    Operating Income (Expense):
       North America                 215        297         606        881
       Middle East/North
        Africa/Asia                   69         36         180        113
       Europe/SSA/Russia             103         88         251        256
       Latin America                 115         97         303        270
        Research and
        Development                  (65)       (68)       (203)      (194)
       Corporate Expenses            (45)       (48)       (142)      (147)
        Goodwill and
        Equity Investment
        Impairment                     -          -           -       (793)
        U.S. Government
        Investigation
        Loss Contingency               -          -        (153)      (100)
       Other Items                  (153)       (87)       (269)      (233)
                                     239        315         573         53
    Other Income (Expense):
       Interest Expense,
       Net                          (129)      (127)       (388)      (360)
       Devaluation of
       Venezuelan
       Bolivar                         -          -        (100)         -
      Other, Net                     (30)       (25)        (61)       (70)

    Net Income (Loss)
     Before Income Taxes              80        163          24       (377)
    
    Benefit (Provision)
     for Income Taxes:               (49)       (86)        (74)      (259)
                                     ---        ---         ---       ----
    Net Income (Loss)                 31         77         (50)      (636)
    Net Income Attributable
     to Noncontrolling Interests      (9)        (7)        (24)       (20)
    Net Income (Loss) Attributable
     to Weatherford                  $22        $70        $(74)     $(656)
                                     ===        ===        ====      =====
    Income (Loss) Per Share
     Attributable to Weatherford:
         Basic                     $0.03      $0.09      $(0.10)    $(0.86)
         Diluted                   $0.03      $0.09      $(0.10)    $(0.86)

    Weighted Average Shares
     Outstanding:
         Basic                       773        767         771        764
         Diluted                     779        771         771        764








                                       Weatherford International Ltd.
                                Selected Statements of Operations Information
                                                 (Unaudited)
                                                (In Millions)

                                          Three Months Ended
                                          ------------------
                        9/30/2013  6/30/2013  3/31/2013  12/31/2012  9/30/2012
                        ---------  ---------  ---------  ----------  ---------
    Net Revenues:
     North America        $1,597     $1,529      $1,692      $1,682    $1,725
     Middle East/North
      Africa/Asia            819        919         785         851       700
     Europe/SSA/Russia       691        681         633         669       626
     Latin America           713        739         727         856       768
                          $3,820     $3,868      $3,837      $4,058    $3,819
                          ======     ======      ======      ======    ======

                                          Three Months Ended
                                          ------------------

                        9/30/2013  6/30/2013  3/31/2013  12/31/2012 9/30/2012
                        ---------  ---------  ---------  ---------- ---------
    Operating Income
     (Expense):
       North America        $215       $167        $224        $226      $297

        Middle East/North

        Africa/Asia           69         66          45          58        36
       Europe/SSA/Russia     103         83          65          59        88
       Latin America         115         90          98         125        97
        Research and
        Development          (65)       (71)        (67)        (63)      (68)
       Corporate Expenses    (45)       (49)        (48)        (49)      (48)
        U.S. Government
        Investigation
        Loss Contingency       -       (153)          -           -         -
       Other Items          (153)       (78)        (38)       (111)      (87)
                            $239        $55        $279        $245      $315
                            ====        ===        ====        ====      ====

                                          Three Months Ended
                                          ------------------

                       9/30/2013   6/30/2013  3/31/2013  12/31/2012 9/30/2012
                       ---------   ---------  ---------  ---------- ---------
    Product Line
     Revenues:
      Formation
      Evaluation and
      Well
      Construction(1)     $2,330     $2,361     $2,273     $2,348     $2,128
      Completion and
      Production(2)        1,490      1,507      1,564      1,710      1,691
                          $3,820     $3,868     $3,837     $4,058     $3,819
                          ======     ======     ======     ======     ======

                                              Three Months Ended
                                              ------------------
                       9/30/2013   6/30/2013   3/31/2013  12/31/2012 9/30/2012
                       ---------   ---------   ---------  ---------- ---------
  Depreciation and
   Amortizatio
    North America           $108        $102       $108        $108      $108
     Middle East/North
     Africa/Asia             101          98         93          94        90
    Europe/SSA/Russia         69          68         71          71        63
    Latin America             71          68         68          63        61
     Research and
     Development and
     Corporate                 3           5          6           7         7
                            $352        $341       $346        $343      $329
                            ====        ====       ====        ====      ====

(1)   Formation Evaluation and Well Construction includes Drilling Services,
Well Construction, Integrated Drilling, Wireline and Evaluation Services,
Drilling Tools and Fishing and Re-entry.

(2)   Completion and Production includes Artificial Lift Systems, Stimulation
and Chemicals, Completion Systems and Pipeline and Specialty Services.

We report our financial results in accordance with generally accepted accounting
principles (GAAP).  However, Weatherford's management believes that certain
non-GAAP financial measures and ratios (as defined under the SEC's Regulation G)
may provide users of this financial information, additional meaningful
comparisions between current results and results of prior periods.  The non-GAAP
amounts shown below should not be considered as substitues for operating income,
provision for income taxes, net income or other data prepared and reported in
accordance with GAAP, but should be viewed in addition to the Company's reported
results prepared in accordance with GAAP.





                          Weatherford International Ltd.
                Reconciliation of GAAP to Non-GAAP Financial Measures
                                    (Unaudited)
                     (In Millions, Except Per Share Amounts)


                                                Three Months Ended       
                                                ------------------       

                                       9/30/2013  6/30/2013   9/30/2012  
                                       ---------  ---------   ---------  


Operating Income:
   GAAP Operating

   Income                                  $239        $55      $315     
        Goodwill and Equity Investment
        Impairment                            -          -         -     
        U.S. Government Investigation
        Loss Contingency                      -        153         -     
       Legacy Contracts (a)                 107         21        14     
        Tax Remediation and Restatement
        Expenses                              8          6        27     
       Severance                             20         36         6     
       Investigation Related Expenses         8         12         -     
       Other Adjustments                     10          3        40     
   Non-GAAP Operating Income               $392       $286      $402     
                                           ====       ====      ====     

 Income Before Income Taxes:
   GAAP Income (Loss)
   Before Income Taxes                      $80       $(91)     $163     
       Operating Income Adjustments         153        231        87     
       Devaluation of Venezuelan Bolivar      -          -         -     
       Other Adjustments                      -          -         -     
   Non-GAAP Income Before Income
   Taxes                                   $233       $140      $250     
                                           ====       ====      ====     

 Provision for Income Taxes:

   GAAP Provision for Income Taxes        $(49)       $(20)     $(86)    
   Non-GAAP
   Provision for

   Income Taxes                            (47)        (17)     (103)    

 Net Income Attributable to Weatherford:
   GAAP Net Income (Loss)                  $22       $(118)      $70     
          Goodwill and Equity Investment
          Impairment                         -           -         -     
          U.S. Government Investigation
          Loss Contingency                   -         153         -     
         Devaluation of Venezuelan Bolivar   -           -         -     
         Legacy Contracts                  113          31        14     
          Tax Remediation and Restatement
         Expenses                            7           5        24     
         Severance                          17          25         5     
         Investigation Related Expenses     10           8         -     
         Other Adjustments                   8          12        27     
                                           ---         ---       ---     
         Total Charges, net of tax         155         234        70     
   Non-GAAP Net
   Income                                  $177       $116      $140     
                                           ====       ====      ====     

 Diluted Earnings Per Share
 Attributable to Weatherford:
    GAAP Diluted
    Earnings (Loss)
    per Share                             $0.03     $(0.15)    $0.09   
         Total Charges, net of tax         0.20       0.30      0.09   
                                           ----       ----      ----   
    Non-GAAP Diluted
    Earnings per
    Share                                 $0.23      $0.15     $0.18   
                                          =====      =====     =====   
    GAAP Effective Tax
    Rate (b)                                 61%      (22%)       53%  
    Annual Effective
    Tax Rate (c)                             20%       12%        41%  



                                            Nine Months Ended
                                            -----------------
                                          9/30/2013   9/30/2012
                                          ---------   ---------


Operating Income:
   GAAP Operating

   Income                                  $573         $53
        Goodwill and Equity Investment
        Impairment                            -         793
        U.S. Government Investigation
        Loss Contingency                    153         100
       Legacy Contracts (a)                 131         107
        Tax Remediation and Restatement
        Expenses                             35          53
       Severance                             64          40
       Investigation Related Expenses        25           2
       Other Adjustments                     14          31
   Non-GAAP Operating Income               $995      $1,179
                                           ====      ======

 Income Before Income Taxes:
   GAAP Income (Loss)
   Before Income Taxes                      $24       $(377)
       Operating Income Adjustments         422       1,126
       Devaluation of Venezuelan Bolivar    100           -
       Other Adjustments                      -          (3)
   Non-GAAP Income Before Income
   Taxes                                   $546        $746
                                           ====        ====

 Provision for Income Taxes:

   GAAP Provision for Income Taxes        $$(74)      $(259)
   Non-GAAP
   Provision for

   Income Taxes                            (112)       (287)

 Net Income Attributable to Weatherford:
   GAAP Net Income (Loss)                  $(74)      $(656)
          Goodwill and Equity Investment
          Impairment                          -         792
          U.S. Government Investigation
          Loss Contingency                  153          99
         Devaluation of Venezuelan Bolivar   61           -
         Legacy Contracts                   152         107
          Tax Remediation and Restatement
         Expenses                            30          44
         Severance                           48          35
         Investigation Related Expenses      21           2
         Other Adjustments                   19          16
                                            ---         ---
         Total Charges, net of tax          484       1,095
   Non-GAAP Net
   Income                                  $410        $439
                                           ====        ====

 Diluted Earnings Per Share
 Attributable to Weatherford:
    GAAP Diluted
    Earnings (Loss)
    per Share                              $(0.10)   $(0.86)
         Total Charges, net of tax           0.63      1.43
                                             ----      ----
    Non-GAAP Diluted
    Earnings per
    Share                                   $0.53     $0.57
                                            =====     =====
    GAAP Effective Tax
    Rate (b)                                  308%      (69%)
    Annual Effective
    Tax Rate (c)                               21%       38%




   Note (a):  The revenues associated with the legacy lump sum contracts in Iraq
were $80 million, $215 million and $91 million for the three months ended
9/30/2013, 6/30/2013, and 9/30/2012 and $460 million and $182 million for the
nine months ended 9/30/2013 and 2012, respectively.

   Note (b):  GAAP Effective Tax Rate is GAAP provision for income taxes divided
by GAAP income before income taxes.

   Note (c):  Annual Effective Tax Rate is the Non-GAAP provision for income
taxes divided by Non-GAAP income before income taxes.










                             Weatherford International Ltd.
                               Selected Balance Sheet Data
                                       (Unaudited)
                                      (In Millions)

                     9/30/2013  6/30/2013  3/31/2013  12/31/2012  9/30/2012
                     ---------  ---------  ---------  ----------  ---------

Assets:
    Cash and
    Cash
    Equivalents           $316        $295     $286        $300     $365
    Accounts
    Receivable,
    Net                  4,004       3,837    3,850       3,885    3,911
    Inventories,
    Net                  3,580       3,637    3,744       3,675    3,676
    Property,
    Plant and
    Equipment,
    Net                  8,397       8,333    8,299       8,299    8,122
    Goodwill and
    Intangibles,
    Net                  4,421       4,402    4,485       4,637    4,653
    Equity
    Investments            686         671      660         646      642

Liabilities:
    Accounts
    Payable              2,117       2,144    2,191       2,108    2,023
    Short-term
    Borrowings and
    Current
    Portion
    of Long-term Debt    2,230       2,148    1,896       1,585    1,606
    Long-term
    Debt                 7,065       7,087    7,032       7,049    7,300






                          Weatherford International Ltd.
                                     Net Debt
                                    (Unaudited)
                                   (In Millions)


Change in Net Debt for the
 Three Months Ended 9/30/2013:

   Net Debt at 6/30/2013           $(8,940)
     Operating
     Income                            239
     Depreciation
     and
     Amortization                      352

     Capital
     Expenditures                     (365)

     Increase in
     Working
     Capital                          (116)

     Income Taxes
     Paid                              (79)

    Interest Paid                     (178)

     Acquisitions
     and
     Divestitures
     of Assets
     and
     Businesses,
     Net                                 8

     Net Change in
     Billing in
     Excess/
     Costs in
     Excess                            (17)

    Other                              117
                                       ---

    Net Debt at 9/30/2013          $(8,979)




Change in Net Debt for the

 Nine Months Ended 9/30/2013:
       Net Debt at 12/31/2012      $(8,334)
      Operating
      Income                           573
      Depreciation
      and
      Amortization                   1,039
      Capital
      Expenditures                  (1,211)
      Increase in
      Working
      Capital                         (215)
      Income Taxes
      Paid                            (336)
     Interest Paid                    (442)
      Acquisitions
      and
      Divestitures
      of Assets
      and
      Businesses,
      Net                               67
      Net Change in
      Billing in
      Excess/
      Costs in
      Excess                          (190)
     Other                              70
                                       ---

        Net Debt at 9/30/2013      $(8,979)




     Components of Net Debt      9/30/2013   6/30/2013   12/31/2012

     Cash                             $316        $295        $300
      Short-term
      Borrowings
      and Current
      Portion of
      Long-term
      Debt                          (2,230)     (2,148)     (1,585)

      Long-term
      Debt                          (7,065)     (7,087)     (7,049)
                                    ------      ------      ------

     Net Debt                      $(8,979)    $(8,940)    $(8,334)

                                   =======     =======     =======


 "Net Debt" is debt less cash.  Management believes that Net Debt provides
 useful information regarding the level of Weatherford indebtedness 
 by reflecting cash that could be used to repay debt.

 Working capital is defined as accounts receivable plus inventory less
 accounts payable.

We report our financial results in accordance with generally accepted
accounting principles (GAAP).  However, Weatherford's management
believes that certain non-GAAP financial measures and ratios (as defined under
the SEC's Regulation G) may provide users of this financial information,
additional meaningful comparisions between current results and results of prior
periods.  The non-GAAP amounts shown below should not be considered as 
substitutes for cash flow information prepared and reported in accordance with 
GAAP, but should be viewed in addition to the Company's reported cash flow 
Statements prepared in accordance with GAAP.





                                      Weatherford International Ltd.
                                          Selected Cash Flow Data
                                                (Unaudited)
                                               (In Millions)

                                          Three Months Ended        
                                          ------------------        
                                   9/30/2013   6/30/2013  9/30/2012 
                                   ---------   ---------  --------- 
 Net Cash Provided by Operating
 Activities                            $326        $252       $231  
 Less: Capital Expenditures for
 Property, Plant and equipment         (365)       (446)      (572) 
Free Cash Flow                         $(39)      $(194)     $(341) 
                                       ====       =====      =====  

                                     Nine Months Ended
                                     -----------------
                                   9/30/2013  9/30/2012
                                   ---------  ---------
 Net Cash Provided by Operating
 Activities                            $567       $516
 Less: Capital Expenditures for
 Property, Plant and equipment       (1,211)    (1,670)
Free Cash Flow                        $(644)   $(1,154)
                                      =====    =======

 Free cash flow is defined as net cash provided by or used in operating 

 activities less capital expenditures.  Free cash flow is an important 
 indicator of how much cash is generated or used by our normal 
 business operations, including capital expenditures. Management uses 
 free cash flow as a measure of progress on its capital efficiency and 
 cash flow initiatives.

Further inquiry note:
Contacts:     Dharmesh Mehta                        +1.713.836.7267
              Executive Vice President and
              Chief Operating Officer

              Karen David-Green                     +1.713.836.7430
              Vice President - Investor Relations

end of announcement                               euro adhoc 
--------------------------------------------------------------------------------


issuer:      Weatherford International Ltd.
             Rue Jean-Francois Bartholoni 4-6
             CH-1204 Geneva
phone:       +41.22.816.1500
FAX:         +41.22.816.1599
mail:     karen.david-green@weatherford.com
WWW:      http://www.weatherford.com
sector:      Oil & Gas - Upstream activities
ISIN:        CH0038838394
indexes:     
stockmarkets: Main Standard: SIX Swiss Exchange, stock market: New York, Euronext
             Paris 
language:   English
 



Weitere Meldungen: Weatherford International Ltd.

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