NOW Inc. (DNOW) financial statements (2021 and earlier)

Company profile

Business Address 7402 NORTH ELDRIDGE PARKWAY
HOUSTON, TX 77041
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3871831169810690195
Cash and cash equivalents3871831169810690195
Receivables198370482423354485851
Inventory, net of allowances, customer advances and progress billings262465602590483693949
Inventory262465602590483693949
Contract with customer, asset  2
Deferred tax assets    22
Other undisclosed current assets14491718162430
Total current assets:8611,0671,2191,1299591,2922,047
Noncurrent Assets
Property, plant and equipment98120106119143165124
Intangible assets, net (including goodwill) 335458494495366419
Goodwill 245314328311205346
Intangible assets, net (excluding goodwill) 9014416618416173
Deferred income tax assets1 
Other noncurrent assets4867105554
Deferred tax assets, net22142
Other undisclosed noncurrent assets 2     
Total noncurrent assets:147524576620644540549
TOTAL ASSETS:1,0081,5911,7951,7491,6031,8322,596
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities267382439393346305683
Accounts payable172255329290246211490
Accrued liabilities9512711010310094125
Employee-related liabilities      39
Taxes payable      29
Customer advances and deposits   24
Other liabilities582112 
Other undisclosed current liabilities 6    (87)
Total current liabilities:272396441394347307620
Noncurrent Liabilities
Long-term debt and lease obligation253413216265108 
Long-term debt, excluding current maturities  13216265108 
Operating lease, liability2534
Liabilities, other than long-term debt12138881410
Deferred tax liabilities, net6771110
Other liabilities12132113 
Other undisclosed noncurrent liabilities 4     
Total noncurrent liabilities:37511401707312210
Total liabilities:309447581564420429630
Stockholders' equity
Stockholders' equity attributable to parent6991,1441,2141,1851,1831,4031,966
Common stock1111111
Additional paid in capital2,0512,0462,0342,0192,0021,9801,952
Accumulated other comprehensive loss(145)(128)(143)(105)(142)(134)(45)
Retained earnings (accumulated deficit)(1,208)(775)(678)(730)(678)(444)58
Total stockholders' equity:6991,1441,2141,1851,1831,4031,966
TOTAL LIABILITIES AND EQUITY:1,0081,5911,7951,7491,6031,8322,596

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,6192,9513,1272,6482,1073,0104,105
Cost of revenue
(Cost of Goods and Services Sold)
(1,327)(2,365)(2,497)(2,147)(1,762)(2,508)(3,286)
Gross profit:292586630501345502819
Operating expenses(321)(128)(557)(542)(567)(619)(207)
Other operating expense, net      (3)
Other undisclosed operating loss(391)(541)   (393)(428)
Operating income (loss):(420)(83)73(41)(222)(510)181
Nonoperating expense(10)(10)(15)(11)(8)(8)(2)
Foreign currency transaction loss, before tax      (2)
Other nonoperating expense(10)(10)(15)(11)(8)(8) 
Interest and debt expense(1)      
Income (loss) from continuing operations before equity method investments, income taxes:(431)(93)58(52)(230)(518)179
Other undisclosed income (loss) from continuing operations before income taxes1     (1)
Income (loss) from continuing operations before income taxes:(430)(93)58(52)(230)(518)178
Income tax expense (benefit)3(4)(6)(1)(4)16(62)
Net income (loss):(427)(97)52(53)(234)(502)116
Other undisclosed net income attributable to parent   1   
Net income (loss) attributable to parent:(427)(97)52(52)(234)(502)116
Undistributed earnings (loss) allocated to participating securities, basic  (1) 
Net income (loss) available to common stockholders, diluted:(427)(97)51(52)(234)(502)116

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(427)(97)52(53)(234)(502)116
Other comprehensive income (loss)(17)15(38)37(8)(89)(45)
Comprehensive income (loss):(444)(82)14(16)(242)(591)71
Other undisclosed comprehensive income, net of tax, attributable to parent   1   
Comprehensive income (loss), net of tax, attributable to parent:(444)(82)14(15)(242)(591)71

Statements sources

The financial statements are based on the company's filings with the 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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