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)

12/31/2020
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 investments1,6921,1711,4271,4371,4082,0803,536
Cash and cash equivalents1,6921,1711,4271,4371,4082,0803,536
Receivables1,2741,8552,1012,0152,0832,9264,416
Inventory, net of allowances, customer advances and progress billings1,4082,1972,9863,0033,3254,6785,281
Inventory1,4082,1972,9863,0033,3254,6785,281
Contract with customer, asset611643565
Costs in excess of billings4956651,2501,878
Other undisclosed current assets2242472002673958671,051
Total current assets:5,2096,1137,2797,2177,87611,80116,162
Noncurrent Assets
Finance lease, right-of-use asset195230
Operating lease, right-of-use asset371444
Property, plant and equipment1,9272,3542,7973,0023,1503,1243,362
Long-term investments and receivables51282301309307327362
Long-term investments51282301309307327362
Intangible assets, net (including goodwill)2,0203,6599,2849,5289,59710,82912,983
Goodwill1,4932,8076,2646,2276,0676,9808,539
Intangible assets, net (excluding goodwill)5278523,0203,3013,5303,8494,444
Other noncurrent assets15667124137124156190
Other undisclosed noncurrent assets  111386488503
Total noncurrent assets:4,7207,03612,51712,98913,26414,92417,400
TOTAL ASSETS:9,92913,14919,79620,20621,14026,72533,562
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4031,7061,8762,0692,1013,1716,022
Accounts payable4897157225104146231,189
Accrued liabilities8639491,0881,4781,5682,2843,518
Employee-related liabilities      662
Taxes payable51426681119264642
Interest and dividends payable      11
Deferred revenue354427
Debt28114765062152
Derivative instruments and hedges, liabilities      297
Deferred tax liabilities   291309
Customer advances and deposits   703
Contract with customer, liability458
Other undisclosed current liabilities82  279440785(109)
Total current liabilities:1,8672,2472,3412,3543,0474,2497,374
Noncurrent Liabilities
Long-term debt and lease obligation2,0702,6632,7042,7062,7083,9283,014
Long-term debt, excluding current maturities1,8341,9892,7042,7062,7083,9283,014
Finance lease, liability236250
Operating lease, liability 424
Liabilities, other than long-term debt3372538629861,3822,0882,402
Deferred tax liabilities, net5646771,0641,8051,972
Deferred income tax liabilities78 
Other liabilities259253298309318283430
Other undisclosed noncurrent liabilities376140     
Total noncurrent liabilities:2,7833,0563,5663,6924,0906,0165,416
Total liabilities:4,6505,3035,9076,0467,13710,26512,790
Stockholders' equity
Stockholders' equity attributable to parent5,2107,77813,81914,09413,94016,38320,692
Common stock4444444
Additional paid in capital8,5918,5078,3908,2348,1038,0058,341
Accumulated other comprehensive loss(1,509)(1,423)(1,437)(1,110)(1,452)(1,553)(834)
Retained earnings (accumulated deficit)(1,876)6906,8626,9667,2859,92713,181
Stockholders' equity attributable to noncontrolling interest69687066637780
Total stockholders' equity:5,2797,84613,88914,16014,00316,46020,772
TOTAL LIABILITIES AND EQUITY:9,92913,14919,79620,20621,14026,72533,562

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
Revenues6,0908,4798,4537,3047,25114,75721,440
Revenue, net7,3047,25114,75721,440
Cost of revenue(5,656)(7,634)(7,009)(6,412)(7,352)(11,694)(15,631)
Cost of goods and services sold   (6,412)(7,352)(11,694)(15,631)
Gross profit:4348451,444892(101)3,0635,809
Operating expenses(968)(1,303)(1,233)(1,169)(2,310)(1,764)(2,974)
Other undisclosed operating income (loss)(1,891)(5,821)   (1,689)778
Operating income (loss):(2,425)(6,279)211(277)(2,411)(390)3,613
Nonoperating expense(15)(118)(126)(8)(86)(109)(52)
Investment income, nonoperating482525151418
Foreign currency transaction gain (loss), before tax(2)(36)(52)   20
Other nonoperating expense(17)(90)(99)(33)(101)(123)(90)
Interest and debt expense(92)(126)(93)(102)(105)(103)(105)
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:(2,532)(6,523)(8)(392)(2,623)(589)3,456
Income (loss) from equity method investments(260)(13)(3)   58
Other undisclosed income (loss) from continuing operations before income taxes137452   (20)
Income (loss) from continuing operations before income taxes:(2,779)(6,462)41(392)(2,623)(589)3,494
Income tax expense (benefit)242369(63)156207(178)(1,039)
Other undisclosed loss from continuing operations      (5)
Income (loss) from continuing operations:(2,537)(6,093)(22)(236)(2,416)(767)2,450
Income from discontinued operations      52
Income (loss) before gain (loss) on sale of properties:(2,537)(6,093)(22)(236)(2,416)(767)2,502
Other undisclosed net income      5
Net income (loss):(2,537)(6,093)(22)(236)(2,416)(767)2,507
Net income (loss) attributable to noncontrolling interest(5)(2)(9)(1)4(2)(5)
Net income (loss) available to common stockholders, diluted:(2,542)(6,095)(31)(237)(2,412)(769)2,502

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):(2,537)(6,093)(22)(236)(2,416)(767)2,507
Other comprehensive income (loss)(86)14(327)342101(719)89
Other undisclosed comprehensive loss      (3,426)
Comprehensive income (loss):(2,623)(6,079)(349)106(2,315)(1,486)(830)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(2)(9)(1)4(2)(5)
Other undisclosed comprehensive income, net of tax, attributable to parent      2,512
Comprehensive income (loss), net of tax, attributable to parent:(2,628)(6,081)(358)105(2,311)(1,488)1,677

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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