NOW Inc. (DNOW) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3133871831169810690
Cash and cash equivalents3133871831169810690
Receivables304198370482423354485
Inventory, net of allowances, customer advances and progress billings250262465602590483693
Inventory250262465602590483693
Contract with customer, asset   2
Assets held-for-sale, not part of disposal group1      
Other undisclosed current assets15144917181624
Total current assets:8838611,0671,2191,1299591,292
Noncurrent Assets
Property, plant and equipment11198120106119143165
Intangible assets, net (including goodwill)76 335458494495366
Goodwill67 245314328311205
Intangible assets, net (excluding goodwill)9 90144166184161
Deferred income tax assets 1 
Other noncurrent assets34486710555
Deferred tax assets, net2214
Other undisclosed noncurrent assets  2    
Total noncurrent assets:221147524576620644540
TOTAL ASSETS:1,1041,0081,5911,7951,7491,6031,832
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities347267382439393346305
Accounts payable235172255329290246211
Accrued liabilities1129512711010310094
Other liabilities22582112
Other undisclosed current liabilities  6    
Total current liabilities:369272396441394347307
Noncurrent Liabilities
Long-term debt and lease obligation17253413216265108
Long-term debt, excluding current maturities   13216265108
Operating lease, liability172534
Liabilities, other than long-term debt6121388814
Deferred tax liabilities, net67711
Other liabilities612132113
Other undisclosed noncurrent liabilities  4    
Total noncurrent liabilities:23375114017073122
Total liabilities:392309447581564420429
Stockholders' equity
Stockholders' equity attributable to parent7126991,1441,2141,1851,1831,403
Common stock1111111
Additional paid in capital2,0612,0512,0462,0342,0192,0021,980
Accumulated other comprehensive loss(147)(145)(128)(143)(105)(142)(134)
Accumulated deficit(1,203)(1,208)(775)(678)(730)(678)(444)
Total stockholders' equity:7126991,1441,2141,1851,1831,403
TOTAL LIABILITIES AND EQUITY:1,1041,0081,5911,7951,7491,6031,832

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,6321,6192,9513,1272,6482,1073,010
Cost of revenue
(Cost of Goods and Services Sold)
(1,275)(1,327)(2,365)(2,497)(2,147)(1,762)(2,508)
Gross profit:357292586630501345502
Operating expenses(7)(321)(128)(557)(542)(567)(619)
Other undisclosed operating loss(341)(391)(541)   (393)
Operating income (loss):9(420)(83)73(41)(222)(510)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3(10)(10)(15)(11)(8)(8)
Interest and debt expense(1)(1)     
Income (loss) from continuing operations before equity method investments, income taxes:11(431)(93)58(52)(230)(518)
Other undisclosed income from continuing operations before income taxes11     
Income (loss) from continuing operations before income taxes:12(430)(93)58(52)(230)(518)
Income tax expense (benefit)(7)3(4)(6)(1)(4)16
Net income (loss):5(427)(97)52(53)(234)(502)
Other undisclosed net income attributable to parent    1  
Net income (loss) attributable to parent:5(427)(97)52(52)(234)(502)
Undistributed earnings (loss) allocated to participating securities, basic   (1) 
Other undisclosed net loss available to common stockholders, basic(10)      
Net income (loss) available to common stockholders, diluted:(5)(427)(97)51(52)(234)(502)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):5(427)(97)52(53)(234)(502)
Other comprehensive income (loss)(2)(17)15(38)37(8)(89)
Comprehensive income (loss):3(444)(82)14(16)(242)(591)
Other undisclosed comprehensive income, net of tax, attributable to parent    1  
Comprehensive income (loss), net of tax, attributable to parent:3(444)(82)14(15)(242)(591)

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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