NOV Inc. (NOV) financial statements (2023 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)

12/31/2021
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 investments1,5911,6921,1711,4271,4371,4082,080
Cash and cash equivalents1,5911,6921,1711,4271,4371,4082,080
Receivables1,3211,2741,8552,1012,0152,0832,926
Inventory, net of allowances, customer advances and progress billings1,3311,4082,1972,9863,0033,3254,678
Inventory1,3311,4082,1972,9863,0033,3254,678
Contract with customer, asset461611643565
Costs in excess of billings4956651,250
Other undisclosed current assets198224247200267395867
Total current assets:4,9025,2096,1137,2797,2177,87611,801
Noncurrent Assets
Finance lease, right-of-use asset176195230
Operating lease, right-of-use asset361371444
Property, plant and equipment1,8231,9272,3542,7973,0023,1503,124
Long-term investments and receivables5051282301309307327
Long-term investments5051282301309307327
Intangible assets, net (including goodwill)2,0302,0203,6599,2849,5289,59710,829
Goodwill1,5271,4932,8076,2646,2276,0676,980
Intangible assets, net (excluding goodwill)5035278523,0203,3013,5303,849
Other noncurrent assets20815667124137124156
Other undisclosed noncurrent assets   111386488
Total noncurrent assets:4,6484,7207,03612,51712,98913,26414,924
TOTAL ASSETS:9,5509,92913,14919,79620,20621,14026,725
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4141,4031,7061,8762,0692,1013,171
Accounts payable612489715722510414623
Accrued liabilities7788639491,0881,4781,5682,284
Taxes payable2451426681119264
Deferred revenue392354427
Debt2828114765062
Deferred tax liabilities   291
Contract with customer, liability458
Other undisclosed current liabilities7682  279440785
Total current liabilities:1,9101,8672,2472,3412,3543,0474,249
Noncurrent Liabilities
Long-term debt and lease obligation2,2842,0702,6632,7042,7062,7083,928
Long-term debt, excluding current maturities1,7081,8341,9892,7042,7062,7083,928
Finance lease, liability219236250
Operating lease, liability357 424
Liabilities, other than long-term debt2923372538629861,3822,088
Deferred tax liabilities, net5646771,0641,805
Deferred income tax liabilities6678 
Other liabilities226259253298309318283
Other undisclosed noncurrent liabilities 376140    
Total noncurrent liabilities:2,5762,7833,0563,5663,6924,0906,016
Total liabilities:4,4864,6505,3035,9076,0467,13710,265
Stockholders' equity
Stockholders' equity attributable to parent4,9975,2107,77813,81914,09413,94016,383
Common stock4444444
Additional paid in capital8,6858,5918,5078,3908,2348,1038,005
Accumulated other comprehensive loss(1,546)(1,509)(1,423)(1,437)(1,110)(1,452)(1,553)
Retained earnings (accumulated deficit)(2,146)(1,876)6906,8626,9667,2859,927
Stockholders' equity attributable to noncontrolling interest67696870666377
Total stockholders' equity:5,0645,2797,84613,88914,16014,00316,460
TOTAL LIABILITIES AND EQUITY:9,5509,92913,14919,79620,20621,14026,725

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
Revenues5,5246,0908,4798,4537,3047,25114,757
Revenue, net7,3047,25114,757
Cost of revenue(4,750)(5,656)(7,634)(7,009)(6,412)(7,352)(11,694)
Cost of goods and services sold    (6,412)(7,352)(11,694)
Gross profit:7744348451,444892(101)3,063
Operating expenses(908)(968)(1,303)(1,233)(1,169)(2,310)(1,764)
Other undisclosed operating loss (1,891)(5,821)   (1,689)
Operating income (loss):(134)(2,425)(6,279)211(277)(2,411)(390)
Nonoperating expense(39)(15)(118)(126)(8)(86)(109)
Investment income, nonoperating 4825251514
Foreign currency transaction loss, before tax(16)(2)(36)(52)   
Other nonoperating expense(23)(17)(90)(99)(33)(101)(123)
Interest and debt expense(84)(92)(126)(93)(102)(105)(103)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (5)(21)13
Loss from continuing operations before equity method investments, income taxes:(257)(2,532)(6,523)(8)(392)(2,623)(589)
Loss from equity method investments(5)(260)(13)(3)   
Other undisclosed income from continuing operations before income taxes32137452   
Income (loss) from continuing operations before income taxes:(230)(2,779)(6,462)41(392)(2,623)(589)
Income tax expense (benefit)(15)242369(63)156207(178)
Net loss:(245)(2,537)(6,093)(22)(236)(2,416)(767)
Net income (loss) attributable to noncontrolling interest(5)(5)(2)(9)(1)4(2)
Net loss available to common stockholders, diluted:(250)(2,542)(6,095)(31)(237)(2,412)(769)

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 loss:(245)(2,537)(6,093)(22)(236)(2,416)(767)
Other comprehensive income (loss)(37)(86)14(327)342101(719)
Comprehensive income (loss):(282)(2,623)(6,079)(349)106(2,315)(1,486)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(5)(2)(9)(1)4(2)
Comprehensive income (loss), net of tax, attributable to parent:(287)(2,628)(6,081)(358)105(2,311)(1,488)

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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