NOV Inc. (NOV) Financial Statements (2024 and earlier)

Company Profile

Business Address 10353 RICHMOND AVE.
HOUSTON, TX 77042
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8161,0691,5911,6921,1711,427
Cash and cash equivalents8161,0691,5911,6921,1711,427
Receivables1,9051,7391,3211,2741,8552,101
Inventory, net of allowances, customer advances and progress billings2,1511,8131,3311,4082,1972,986
Inventory2,1511,8131,3311,4082,1972,986
Contract with customer, asset, after allowance for credit loss739685461611643565
Other undisclosed current assets229187198224247200
Total current assets:5,8405,4934,9025,2096,1137,279
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization172171176195230
Operating lease, right-of-use asset372346361371444
Property, plant and equipment1,8651,7811,8231,9272,3542,797
Long-term investments and receivables2111175051282301
Long-term investments2111175051282301
Intangible assets, net (including goodwill)2,0121,9952,0302,0203,6599,284
Goodwill1,5621,5051,5271,4932,8076,264
Intangible assets, net (excluding goodwill)4504905035278523,020
Deferred income tax assets488    
Other noncurrent assets33423220815667124
Other undisclosed noncurrent assets      11
Total noncurrent assets:5,4544,6424,6484,7207,03612,517
TOTAL ASSETS:11,29410,1359,5509,92913,14919,796
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7741,8651,4141,4031,7061,876
Taxes payable24514266
Accounts payable904906612489715722
Accrued liabilities8709597788639491,088
Deferred revenue532444392354427
Debt373328281147
Contract with customer, liability458
Other undisclosed current liabilities92957682  
Total current liabilities:2,4352,4371,9101,8672,2472,341
Noncurrent Liabilities
Long-term debt and lease obligation1,9271,9322,2842,0702,6632,704
Long-term debt, excluding current maturities1,7121,7171,7081,8341,9892,704
Finance lease, liability215215219236250
Liabilities, other than long-term debt690632292337253862
Deferred tax liabilities, net564
Deferred income tax liabilities70686678 
Other liabilities277230226259253298
Operating lease, liability343334357 424
Other undisclosed noncurrent liabilities    376140 
Total noncurrent liabilities:2,6172,5642,5762,7833,0563,566
Total liabilities:5,0525,0014,4864,6505,3035,907
Equity
Equity, attributable to parent6,1685,0964,9975,2107,77813,819
Common stock444444
Additional paid in capital8,8128,7548,6858,5918,5078,390
Accumulated other comprehensive loss(1,493)(1,593)(1,546)(1,509)(1,423)(1,437)
Retained earnings (accumulated deficit)(1,155)(2,069)(2,146)(1,876)6906,862
Equity, attributable to noncontrolling interest743867696870
Total equity:6,2425,1345,0645,2797,84613,889
TOTAL LIABILITIES AND EQUITY:11,29410,1359,5509,92913,14919,796

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues8,5837,2375,5246,0908,4798,453
Cost of revenue(6,750)(5,903)(4,750)(5,656)(7,634)(7,009)
Gross profit:1,8331,3347744348451,444
Operating expenses(1,182)(1,070)(908)(968)(1,303)(1,233)
Other undisclosed operating loss    (1,891)(5,821) 
Operating income (loss):651264(134)(2,425)(6,279)211
Nonoperating expense(164)(9)(39)(15)(118)(126)
Investment income, nonoperating181 4825
Gain (loss), foreign currency transaction, before tax (84)25(16)(2)(36)(52)
Other nonoperating expense(98)(35)(23)(17)(90)(99)
Interest and debt expense(88)(78)(84)(92)(126)(93)
Income (loss) from continuing operations before equity method investments, income taxes:399177(257)(2,532)(6,523)(8)
Income (loss) from equity method investments11968(5)(260)(13)(3)
Other undisclosed income (loss) from continuing operations before income taxes94(7)32137452
Income (loss) from continuing operations before income taxes:612238(230)(2,779)(6,462)41
Income tax expense (benefit)373(83)(15)242369(63)
Income (loss) from continuing operations:985155(245)(2,537)(6,093)(22)
Loss before gain (loss) on sale of properties:(245)(2,537)(6,093)(22)
Net income (loss):985155(245)(2,537)(6,093)(22)
Net income (loss) attributable to noncontrolling interest8 (5)(5)(2)(9)
Net income (loss) available to common stockholders, diluted:993155(250)(2,542)(6,095)(31)

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):985155(245)(2,537)(6,093)(22)
Other comprehensive income (loss)100(47)(37)(86)14(327)
Other undisclosed comprehensive income      
Comprehensive income (loss):1,085108(282)(2,623)(6,079)(349)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest8 (5)(5)(2)(9)
Comprehensive income (loss), net of tax, attributable to parent:1,093108(287)(2,628)(6,081)(358)

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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