National oilwell varco, inc. (NOV)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Dec'08
ASSETS
Current assets:
Cash and cash equivalents

1,115

1,171

1,313

1,121

1,270

1,427

1,293

1,137

1,236

1,437

1,722

1,530

1,479

1,408

1,510

1,661

1,759

2,080

1,846

2,544

3,024

3,536

4,091

3,885

3,688

3,436

2,741

2,327

2,441

3,319

1,702

1,917

3,390

3,535

3,870

3,440

3,060

3,333

3,070

2,688

2,608

2,622

3,192

2,286

1,543

Receivables, net

1,879

1,855

1,799

1,973

1,793

2,101

2,005

1,967

2,102

2,015

2,060

2,086

1,978

2,083

1,808

2,044

2,212

2,926

3,325

3,476

4,024

4,416

4,482

4,427

5,310

4,896

4,801

4,424

4,279

4,320

4,033

3,860

3,330

3,291

3,109

2,849

2,757

2,425

2,408

2,387

2,111

2,187

2,204

2,603

3,136

Inventories, net

2,032

2,197

2,537

2,858

3,131

2,986

3,177

3,158

3,146

3,003

3,219

3,207

3,254

3,325

4,161

4,287

4,534

4,678

5,172

5,394

5,378

5,281

5,464

5,198

5,659

5,603

6,078

6,083

6,135

5,891

5,989

5,501

4,528

4,030

3,907

3,756

3,570

3,388

3,562

3,443

3,423

3,490

3,767

3,825

3,806

Contract assets, net

639

643

615

585

539

565

483

445

415

495

518

599

653

665

765

790

1,040

1,250

1,669

1,810

1,926

1,878

1,615

1,567

1,520

1,539

1,640

1,448

1,333

1,225

1,065

953

810

593

531

499

744

815

769

802

918

740

612

590

618

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

391

381

378

447

399

331

325

373

370

360

332

349

286

284

352

336

282

301

297

316

232

230

228

290

227

215

271

Prepaid and other current assets

237

247

251

229

205

200

263

301

287

267

306

319

380

395

467

422

503

491

530

562

569

604

619

595

709

576

625

579

474

574

592

499

426

325

339

381

311

258

285

276

257

269

405

391

283

Total current assets

5,902

6,113

6,515

6,766

6,938

7,279

7,221

7,008

7,186

7,217

7,825

7,741

7,744

7,876

8,711

9,204

10,048

11,425

12,933

14,167

15,299

16,162

16,670

16,003

17,211

16,423

16,255

15,221

14,994

15,678

13,667

13,014

12,836

12,110

12,038

11,226

10,739

10,535

10,326

9,826

9,545

9,598

10,407

9,910

9,657

Property, plant and equipment, net

2,003

2,354

2,361

2,356

2,605

2,797

2,813

2,859

2,926

3,002

3,031

3,052

3,108

3,150

3,261

3,277

3,303

3,124

3,122

3,250

3,216

3,362

3,377

3,440

3,437

3,408

3,333

3,210

3,215

2,945

2,818

2,700

2,531

2,445

1,967

1,921

1,861

1,840

1,808

1,792

1,810

1,836

1,753

1,758

1,677

Lease right-of-use assets, operating

399

444

437

452

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease right-of-use assets, financing

211

230

236

246

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease right-of-use assets

-

-

-

-

789

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

11

11

13

13

13

13

71

70

87

86

135

147

144

130

520

535

559

503

433

472

479

372

372

395

395

413

320

238

204

267

194

179

158

341

269

169

131

92

189

195

126

Goodwill

1,515

2,807

3,236

3,206

6,292

6,264

6,339

6,273

6,217

6,227

6,165

6,129

6,065

6,067

6,015

6,986

7,003

6,980

8,465

8,507

8,509

8,539

8,614

8,640

8,875

9,049

9,036

8,997

9,005

7,172

6,940

6,917

6,206

6,151

5,942

5,949

5,908

5,790

5,525

5,532

5,544

5,489

5,405

5,466

5,225

Intangibles, net

534

852

866

900

2,942

3,020

3,072

3,171

3,215

3,301

3,377

3,438

3,467

3,530

3,626

3,709

3,800

3,849

4,087

4,257

4,290

4,444

4,695

4,808

4,953

5,055

5,180

5,305

5,399

4,743

4,431

4,512

4,004

4,073

3,995

4,063

4,026

4,103

3,877

3,928

3,987

4,052

4,103

4,134

4,300

Investment in unconsolidated affiliates

57

282

291

294

299

301

304

308

312

309

309

306

302

307

311

314

324

327

331

327

360

362

356

351

402

390

373

357

410

393

370

365

409

391

371

361

402

386

365

358

390

393

389

387

421

Other assets

69

67

63

129

126

124

131

126

141

137

156

151

131

124

135

147

132

135

170

182

191

190

125

113

123

115

124

108

138

140

116

87

97

78

37

57

62

55

61

43

59

72

116

89

73

Total assets

10,690

13,149

14,005

14,349

20,002

19,796

19,893

19,758

20,010

20,206

20,934

20,887

20,904

21,140

22,194

23,784

24,754

25,970

29,628

31,225

32,424

33,562

34,270

33,827

35,480

34,812

34,673

33,593

33,556

31,484

28,662

27,833

26,287

25,515

24,544

23,756

23,156

23,050

22,231

21,648

21,466

21,532

22,362

21,939

21,479

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable

662

715

716

695

679

722

675

616

528

510

447

448

388

414

396

434

467

623

731

847

988

1,189

1,259

1,178

1,391

1,275

1,312

1,232

1,283

1,200

1,365

1,265

1,009

901

802

745

656

628

585

598

538

584

510

760

852

Accrued liabilities

888

949

983

955

876

1,088

1,023

950

965

1,238

1,544

1,489

1,512

1,568

1,628

1,774

2,058

2,284

2,810

3,028

3,300

3,518

3,310

2,857

2,717

2,763

2,857

2,681

2,468

2,571

2,363

2,421

2,172

2,376

2,154

2,179

1,989

2,105

2,289

2,300

2,245

2,267

2,454

2,082

2,376

Contract liabilities

470

427

455

455

412

458

570

609

598

519

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of lease liabilities

115

114

113

116

115

7

8

8

6

6

506

506

506

506

6

12

7

2

2

151

151

152

151

-

-

1

-

-

-

1

354

1,289

351

351

2

2

203

373

354

352

156

7

9

8

4

Billings in excess of costs

-

-

-

-

-

-

-

-

-

-

288

337

363

440

550

653

704

785

1,180

1,269

1,497

1,775

1,809

2,176

2,079

1,771

1,553

1,159

1,093

1,189

1,037

1,075

965

865

1,117

778

571

511

293

454

681

1,090

1,615

2,081

2,161

Accrued income taxes

28

42

9

-

21

66

-

11

35

81

57

71

83

119

35

74

199

264

112

24

432

431

267

260

484

556

260

248

406

355

194

207

649

709

399

178

284

468

351

233

124

226

401

236

230

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

358

353

299

309

405

444

427

312

335

299

296

333

368

224

299

214

270

368

429

451

-

-

-

340

-

-

-

Total current liabilities

2,163

2,247

2,276

2,221

2,103

2,341

2,276

2,194

2,132

2,354

2,842

2,851

2,852

3,047

2,615

2,947

3,435

3,958

5,193

5,672

6,667

7,374

7,201

6,915

7,098

6,678

6,317

5,619

5,546

5,649

5,681

6,481

5,445

5,416

4,744

4,250

4,132

4,536

3,872

3,937

3,744

4,514

4,989

5,167

5,623

Lease liabilities

646

674

673

696

728

222

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

2,002

1,989

2,484

2,483

2,483

2,482

2,706

2,707

2,707

2,706

2,707

2,708

2,707

2,708

3,210

3,268

3,372

3,907

3,981

4,154

4,094

3,014

2,995

3,148

3,149

3,149

3,749

4,120

4,349

3,148

1,175

159

159

159

510

511

512

514

516

519

724

876

875

873

870

Deferred income taxes

69

140

174

177

565

564

672

666

685

677

925

999

1,043

1,064

1,155

1,103

1,239

1,362

1,826

1,976

2,014

1,972

2,088

2,002

2,088

2,292

2,443

2,458

2,543

1,997

1,802

1,935

1,847

1,852

1,776

1,815

1,832

1,885

2,197

2,091

2,166

1,751

2,098

2,150

2,134

Other liabilities

256

253

269

285

283

298

263

223

335

309

309

307

317

318

326

280

275

283

422

418

527

430

367

344

353

363

439

445

439

334

321

327

316

360

275

275

279

253

242

264

252

163

121

144

128

Total liabilities

5,136

5,303

5,876

5,862

6,162

5,907

5,917

5,790

5,859

6,046

6,783

6,865

6,919

7,137

7,306

7,598

8,321

9,510

11,422

12,220

13,302

12,790

12,651

12,409

12,688

12,482

12,948

12,642

12,877

11,128

8,979

8,902

7,767

7,787

7,305

6,851

6,755

7,188

6,827

6,811

6,886

7,304

8,083

8,334

8,755

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

-

-

-

-

Stockholders’ equity:
Common stock - par value $.01; 1 billion shares authorized; 388,222,777 and 385,886,682 shares issued and outstanding at March 31, 2020 and December 31, 2019

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

Additional paid-in capital

8,518

8,507

8,483

8,441

8,408

8,390

8,361

8,306

8,256

8,234

8,190

8,163

8,135

8,103

8,079

8,040

8,024

8,005

6,201

6,625

7,045

8,341

9,099

8,999

8,933

8,907

8,846

8,805

8,772

8,743

8,718

8,673

8,650

8,535

8,513

8,466

8,432

8,353

8,267

8,247

8,228

8,214

8,203

8,027

7,989

Accumulated other comprehensive loss

-1,655

-1,423

-1,524

-1,392

-1,413

-1,437

-1,328

-1,298

-1,061

-1,110

-1,109

-1,258

-1,356

-1,452

-1,283

-1,325

-1,308

-1,553

-1,477

-1,119

-1,318

-834

-362

48

-41

-4

1

-201

-58

107

79

-69

104

-23

37

225

192

91

109

-67

50

90

92

0

-161

Retained earnings

-1,381

690

1,094

1,358

6,766

6,862

6,869

6,888

6,883

6,966

6,999

7,044

7,138

7,285

8,018

9,399

9,635

9,927

13,398

13,417

13,306

13,181

12,782

12,281

13,801

13,323

12,776

12,251

11,831

11,385

10,773

10,212

9,658

9,103

8,580

8,095

7,661

7,300

6,906

6,544

6,185

5,805

5,871

5,486

4,796

Total Company stockholders' equity

5,486

7,778

8,057

8,411

13,765

13,819

13,906

13,900

14,082

14,094

14,084

13,953

13,921

13,940

14,818

16,118

16,355

16,383

18,126

18,927

19,037

20,692

21,523

21,332

22,697

22,230

21,627

20,859

20,549

20,239

19,574

18,820

18,416

17,619

17,134

16,790

16,289

15,748

15,286

14,728

14,467

14,113

14,170

13,517

12,628

Noncontrolling interests

68

68

72

76

75

70

70

68

69

66

67

69

64

63

70

68

78

77

80

78

85

80

96

86

95

100

98

92

130

117

109

111

104

109

105

115

112

114

118

109

113

115

109

88

96

Total stockholders’ equity

5,554

7,846

8,129

8,487

13,840

13,889

13,976

13,968

14,151

14,160

14,151

14,022

13,985

14,003

14,888

16,186

16,433

16,460

18,206

19,005

19,122

20,772

21,619

21,418

22,792

22,330

21,725

20,951

20,679

20,356

19,683

18,931

18,520

17,728

17,239

16,905

16,401

15,862

15,404

14,837

14,580

14,228

14,279

13,605

12,724

Total liabilities and stockholders’ equity

10,690

13,149

14,005

14,349

20,002

19,796

19,893

19,758

20,010

20,206

20,934

20,887

20,904

21,140

22,194

23,784

24,754

25,970

29,628

31,225

32,424

33,562

34,270

33,827

35,480

34,812

34,673

33,593

33,556

31,484

28,662

27,833

26,287

25,515

24,544

23,756

23,156

23,050

22,231

21,648

21,466

21,532

22,362

21,939

21,479