National Oilwell Varco, Inc. (NOV) financial statements (2021 and earlier)

Company profile

Business Address 7909 PARKWOOD CIRCLE DR
HOUSTON, TX 77036
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1711,4271,4371,4082,0803,5363,436
Cash and cash equivalents1,1711,4271,4371,4082,0803,5363,436
Receivables1,8552,1012,0152,0832,9264,4164,896
Inventory, net of allowances, customer advances and progress billings2,1972,9863,0033,3254,6785,2815,603
Inventory2,1972,9863,0033,3254,6785,2815,603
Contract with customer, asset643565
Costs in excess of billings4956651,2501,8781,539
Other undisclosed current assets2472002673958671,051949
Total current assets:6,1137,2797,2177,87611,80116,16216,423
Noncurrent Assets
Finance lease, right-of-use asset230
Operating lease, right-of-use asset444
Property, plant and equipment2,3542,7973,0023,1503,1243,3623,408
Long-term investments and receivables282301309307327362390
Long-term investments282301309307327362390
Intangible assets, net (including goodwill)3,6599,2849,5289,59710,82912,98314,104
Goodwill2,8076,2646,2276,0676,9808,5399,049
Intangible assets, net (excluding goodwill)8523,0203,3013,5303,8494,4445,055
Other noncurrent assets67124137124156190115
Other undisclosed noncurrent assets 111386488503372
Total noncurrent assets:7,03612,51712,98913,26414,92417,40018,389
TOTAL ASSETS:13,14919,79620,20621,14026,72533,56234,812
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7061,8762,0692,1013,1716,0225,298
Accounts payable7157225104146231,1891,275
Accrued liabilities9491,0881,4781,5682,2843,5182,763
Employee-related liabilities     662516
Taxes payable426681119264642744
Interest and dividends payable     11 
Deferred revenue427
Debt1147650621521
Derivative instruments and hedges, liabilities     29731
Deferred tax liabilities   291309312
Customer advances and deposits   703
Contract with customer, liability458
Other undisclosed current liabilities  279440785(109)1,036
Total current liabilities:2,2472,3412,3543,0474,2497,3746,678
Noncurrent Liabilities
Long-term debt and lease obligation2,6632,7042,7062,7083,9283,0143,149
Long-term debt, excluding current maturities1,9892,7042,7062,7083,9283,0143,149
Finance lease, liability250
Operating lease, liability424
Liabilities, other than long-term debt2538629861,3822,0882,4022,655
Deferred tax liabilities, net5646771,0641,8051,9722,292
Other liabilities253298309318283430363
Other undisclosed noncurrent liabilities140      
Total noncurrent liabilities:3,0563,5663,6924,0906,0165,4165,804
Total liabilities:5,3035,9076,0467,13710,26512,79012,482
Stockholders' equity
Stockholders' equity attributable to parent7,77813,81914,09413,94016,38320,69222,230
Common stock4444444
Additional paid in capital8,5078,3908,2348,1038,0058,3418,907
Accumulated other comprehensive loss(1,423)(1,437)(1,110)(1,452)(1,553)(834)(4)
Retained earnings6906,8626,9667,2859,92713,18113,323
Stockholders' equity attributable to noncontrolling interest687066637780100
Total stockholders' equity:7,84613,88914,16014,00316,46020,77222,330
TOTAL LIABILITIES AND EQUITY:13,14919,79620,20621,14026,72533,56234,812

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues8,4798,4537,3047,25114,75721,44022,869
Revenue, net7,3047,25114,75721,44022,869
Cost of revenue(7,634)(7,009)(6,412)(7,352)(11,694)(15,631)(17,380)
Cost of goods and services sold  (6,412)(7,352)(11,694)(15,631)(17,380)
Gross profit:8451,444892(101)3,0635,8095,489
Operating expenses(1,303)(1,233)(1,169)(2,310)(1,764)(2,974)(2,821)
Other undisclosed operating income (loss)(5,821)   (1,689)778755
Operating income (loss):(6,279)211(277)(2,411)(390)3,6133,423
Nonoperating expense(118)(126)(8)(86)(109)(52)(29)
Investment income, nonoperating8252515141812
Foreign currency transaction gain (loss), before tax(36)(52)   20 
Other nonoperating expense(90)(99)(33)(101)(123)(90)(41)
Interest and debt expense(126)(93)(102)(105)(103)(105)(111)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (5)(21)13  
Income (loss) from continuing operations before equity method investments, income taxes:(6,523)(8)(392)(2,623)(589)3,4563,283
Income (loss) from equity method investments(13)(3)   5863
Other undisclosed income (loss) from continuing operations before income taxes7452   (20) 
Income (loss) from continuing operations before income taxes:(6,462)41(392)(2,623)(589)3,4943,346
Income tax expense (benefit)369(63)156207(178)(1,039)(1,018)
Other undisclosed loss from continuing operations     (5) 
Income (loss) from continuing operations:(6,093)(22)(236)(2,416)(767)2,4502,328
Income from discontinued operations     52 
Income (loss) before gain (loss) on sale of properties:(6,093)(22)(236)(2,416)(767)2,5022,328
Other undisclosed net income     5 
Net income (loss):(6,093)(22)(236)(2,416)(767)2,5072,328
Net income (loss) attributable to noncontrolling interest(2)(9)(1)4(2)(5)1
Other undisclosed net loss attributable to parent      (2)
Net income (loss) available to common stockholders, diluted:(6,095)(31)(237)(2,412)(769)2,5022,327

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(6,093)(22)(236)(2,416)(767)2,5072,328
Other comprehensive income (loss)14(327)342101(719)89 
Other undisclosed comprehensive loss     (3,426)(2,439)
Comprehensive income (loss):(6,079)(349)106(2,315)(1,486)(830)(111)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(9)(1)4(2)(5)(1)
Other undisclosed comprehensive income, net of tax, attributable to parent     2,5122,329
Comprehensive income (loss), net of tax, attributable to parent:(6,081)(358)105(2,311)(1,488)1,6772,217

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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