NOW Inc. (DNOW) Financial Statements (2024 and earlier)

Company Profile

Business Address 7402 NORTH ELDRIDGE PARKWAY
HOUSTON, TX 77041
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3533 - Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21231338718311698
Cash and cash equivalents21231338718311698
Receivables398304198370482423
Inventory, net of allowances, customer advances and progress billings381250262465602590
Inventory381250262465602590
Contract with customer, asset, after allowance for credit loss     2
Asset, held-for-sale, not part of disposal group  1    
Other undisclosed current assets261514491718
Total current assets:1,0178838611,0671,2191,129
Noncurrent Assets
Property, plant and equipment11911198120106119
Intangible assets, net (including goodwill)14176 335458494
Goodwill11667 245314328
Intangible assets, net (excluding goodwill)259 90144166
Deferred income tax assets   1 
Other noncurrent assets43344867105
Deferred tax assets, net22
Other undisclosed noncurrent assets    2  
Total noncurrent assets:303221147524576620
TOTAL ASSETS:1,3201,1041,0081,5911,7951,749
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities430347267382439393
Accounts payable304235172255329290
Accrued liabilities12611295127110103
Other liabilities9225821
Other undisclosed current liabilities    6  
Total current liabilities:439369272396441394
Noncurrent Liabilities
Long-term debt and lease obligation  172534132162
Long-term debt, excluding current maturities     132162
Liabilities, other than long-term debt376121388
Deferred tax liabilities, net67
Deferred income tax liabilities1   
Other liabilities116121321
Operating lease, liability25172534
Other undisclosed noncurrent liabilities    4  
Total noncurrent liabilities:37233751140170
Total liabilities:476392309447581564
Equity
Equity, attributable to parent8427126991,1441,2141,185
Common stock111111
Additional paid in capital2,0662,0612,0512,0462,0342,019
Accumulated other comprehensive loss(150)(147)(145)(128)(143)(105)
Accumulated deficit(1,075)(1,203)(1,208)(775)(678)(730)
Equity, attributable to noncontrolling interest2     
Total equity:8447126991,1441,2141,185
TOTAL LIABILITIES AND EQUITY:1,3201,1041,0081,5911,7951,749

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,1361,6321,6192,9513,1272,648
Cost of revenue
(Cost of Goods and Services Sold)
(1,630)(1,275)(1,327)(2,365)(2,497)(2,147)
Gross profit:506357292586630501
Operating expenses (10)(7)(321)(128)(557)(542)
Other undisclosed operating loss(365)(341)(391)(541)  
Operating income (loss):1319(420)(83)73(41)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
83(10)(10)(15)(11)
Interest and debt expense (1)(1)(1)   
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:13811(431)(93)58(52)
Other undisclosed income from continuing operations before income taxes111   
Income (loss) from continuing operations before income taxes:13912(430)(93)58(52)
Income tax expense (benefit)(10)(7)3(4)(6)(1)
Income (loss) from continuing operations:1295(427)(97)52(53)
Income (loss) before gain (loss) on sale of properties:5(427)(97)52(53)
Net income (loss):1295(427)(97)52(53)
Net loss attributable to noncontrolling interest(1)     
Other undisclosed net income attributable to parent      1
Net income (loss) attributable to parent:1285(427)(97)52(52)
Undistributed earnings (loss) allocated to participating securities, basic(2)   (1) 
Other undisclosed net loss available to common stockholders, basic  (10)    
Net income (loss) available to common stockholders, diluted:126(5)(427)(97)51(52)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1295(427)(97)52(53)
Other comprehensive income (loss) (3)(2)(17)15(38)37
Other undisclosed comprehensive income      
Comprehensive income (loss):1263(444)(82)14(16)
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)     
Other undisclosed comprehensive income, net of tax, attributable to parent2    1
Comprehensive income (loss), net of tax, attributable to parent:1273(444)(82)14(15)

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.

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