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Weatherford International (WFT) Earnings Report: Q3 2015 Conference Call Transcript

third quarter 2015 earnings conference call. (Operator Instructions) As a reminder, ladies and gentlemen, today's call is being recorded.

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Thank you. I would now like to turn the conference over to Karen David-Green, Vice President, Investor Relations and Corporate Communications. Ms. David-Green, you may begin your conference. Karen David-Green (VP IR & Corporate Communications): Thank you, [Lori], and good morning, everyone. With me on today's call from Houston we have Bernard Duroc-Danner, Chairman, President, and Chief Executive Officer, and Krishna Shivram, Executive Vice President and Chief Financial Officer. Before we start our comments, I'd like to remind our audience some of today's comments may include forward-looking statements and non-GAAP financial measures. Please refer to our third quarter press release for the customary caution on forward-looking statements and a reconciliation of GAAP to non-GAAP financial measures. And now I'd like to hand over the call to Krishna. Krishna Shivram (EVP, CFO): Thank you, Karen. Good morning, everyone. Today I'm going to focus most of my comments on the cash flow and the balance sheet, including debt and debt covenants. I will start with a brief recap of our operating performance in the third quarter. Sequential incrementals were 2% and...


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