Income Statement NOV Inc.

Equities

NOV

US62955J1034

Oil Related Services and Equipment

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310a01d0c5b527b8b115c6.lc7dVJBAgB0DDqZw-lDsSB2Sx98qWL-HttKsGK75C48.wf-UMdp43yplXeI7thyPBkqnrot9P479wrTmWtuYZ8PbpOo5qALmcUt4wQ

Published financial data: NOV INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	6.09B	5.52B	7.24B	8.58B	8.87B
Total Revenues	6.09B	5.52B	7.24B	8.58B	8.87B
Cost of Goods Sold, Total	5.66B	4.75B	5.83B	6.74B	6.75B
Gross Profit	434M	774M	1.41B	1.84B	2.12B
Selling General & Admin Expenses, Total	968M	908M	1.02B	1.14B	1.13B
Other Operating Expenses, Total	968M	908M	1.02B	1.14B	1.13B
Operating Income	-534M	-134M	391M	702M	987M
Interest Expense, Total	-84M	-77M	-78M	-88M	-91M
Interest And Investment Income	7M	9M	19M	28M	38M
Net Interest Expenses	-77M	-68M	-59M	-60M	-53M
Income (Loss) On Equity Invest.	-260M	-5M	68M	119M	36M
Currency Exchange Gains (Loss)	-2M	-16M	-25M	-84M	-19M
Other Non Operating Income (Expenses)	-15M	-7M	-10M	-14M	-9M
EBT, Excl. Unusual Items	-888M	-230M	365M	663M	942M
Impairment of Goodwill	-1.3B	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-596M	-	-	-	-
Other Unusual Items	-	-	-127M	-51M	-111M
EBT, Incl. Unusual Items	-2.78B	-230M	238M	612M	831M
Income Tax Expense	-242M	15M	83M	-373M	196M
Earnings From Continuing Operations	-2.54B	-245M	155M	985M	635M
Net Income to Company	-2.54B	-245M	155M	985M	635M
Minority Interest	-5M	-5M	-	8M	-
Net Income - (IS)	-2.54B	-250M	155M	993M	635M
Net Income to Common Incl Extra Items	-2.54B	-250M	155M	993M	635M
Net Income to Common Excl. Extra Items	-2.54B	-250M	155M	993M	635M
Per Share Items
Net EPS - Basic	-6.62	-0.65	0.4	2.53	1.62
Basic EPS - Continuing Operations	-6.62	-0.65	0.4	2.53	1.62
Basic Weighted Average Shares Outstanding	384M	386M	390M	393M	392M
Net EPS - Diluted	-6.62	-0.65	0.39	2.5	1.6
Diluted EPS - Continuing Operations	-6.62	-0.65	0.39	2.5	1.6
Diluted Weighted Average Shares Outstanding	384M	386M	394M	397M	396M
Normalized Basic EPS	-1.46	-0.39	0.58	1.07	1.5
Normalized Diluted EPS	-1.46	-0.39	0.58	1.06	1.49
Dividend Per Share	0.05	0.05	0.2	0.2	0.28
Payout Ratio	-0.75	-8	50.32	7.96	17.01
Supplemental Items
EBITDA	-151M	198M	716M	1.03B	1.36B
EBITA	-485M	-91M	442M	745M	1.04B
EBIT	-534M	-134M	391M	702M	987M
EBITDAR	-1M	346M	871M	1.18B	1.51B
Total Revenues (As Reported)	6.09B	5.52B	7.24B	8.58B	8.87B
Effective Tax Rate - (Ratio)	8.71	-6.52	34.87	-60.95	23.59
Current Domestic Taxes	-283M	3M	-1M	-2M	14M
Current Foreign Taxes	106M	23M	86M	118M	133M
Total Current Taxes	-177M	26M	85M	116M	147M
Deferred Domestic Taxes	7M	-1M	3M	-299M	45M
Deferred Foreign Taxes	-72M	-10M	-5M	-190M	4M
Total Deferred Taxes	-65M	-11M	-2M	-489M	49M
Normalized Net Income	-560M	-149M	228M	422M	589M
Interest on Long-Term Debt	84M	77M	78M	88M	91M
Non-Cash Pension Expense	-3M	-3M	-1M	2M	3M
Supplemental Operating Expense Items
Net Rental Expense, Total	150M	148M	155M	154M	153M
Imputed Operating Lease Interest Expense	37.8M	36.88M	40.69M	45.72M	46.77M
Imputed Operating Lease Depreciation	112M	111M	114M	108M	106M
Stock-Based Comp., Other (Total)	105M	78M	67M	66M	70M
Total Stock-Based Compensation	105M	78M	67M	66M	70M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.69B	1.59B	1.07B	816M	1.23B
Total Cash And Short Term Investments	1.69B	1.59B	1.07B	816M	1.23B
Accounts Receivable, Total	1.88B	1.78B	2.42B	2.64B	2.4B
Total Receivables	1.88B	1.78B	2.42B	2.64B	2.4B
Inventory	1.41B	1.33B	1.81B	2.15B	1.93B
Prepaid Expenses	190M	180M	179M	210M	207M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	34M	18M	8M	19M	5M
Total Current Assets	5.21B	4.9B	5.49B	5.84B	5.77B
Gross Property Plant And Equipment	5.54B	5.49B	5.42B	5.74B	5.88B
Accumulated Depreciation	-3.05B	-3.13B	-3.13B	-3.33B	-3.41B
Net Property Plant And Equipment	2.49B	2.36B	2.3B	2.41B	2.47B
Long-term Investments	51M	50M	117M	211M	163M
Goodwill	1.49B	1.53B	1.5B	1.56B	1.63B
Other Intangibles, Total	527M	503M	490M	450M	508M
Accounts Receivable Long-Term	-	-	-	72M	121M
Deferred Tax Assets Long-Term	-	-	-	488M	413M
Other Long-Term Assets, Total	156M	208M	232M	262M	285M
Total Assets	9.93B	9.55B	10.14B	11.29B	11.36B
Liabilities
Accounts Payable, Total	489M	612M	906M	904M	837M
Accrued Expenses, Total	761M	697M	876M	779M	769M
Current Portion of Long-Term Debt	-	5M	13M	13M	37M
Current Portion of Leases	110M	99M	87M	94M	102M
Current Income Taxes Payable	51M	24M	28M	22M	18M
Unearned Revenue Current, Total	354M	392M	444M	532M	492M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	102M	81M	83M	91M	92M
Total Current Liabilities	1.87B	1.91B	2.44B	2.44B	2.35B
Long-Term Debt	1.83B	1.71B	1.72B	1.71B	1.7B
Long-Term Leases	612M	576M	549M	558M	544M
Deferred Tax Liability Non Current	78M	66M	68M	70M	56M
Other Non Current Liabilities	259M	226M	230M	277M	283M
Total Liabilities	4.65B	4.49B	5B	5.05B	4.93B
Common Stock, Total	4M	4M	4M	4M	4M
Additional Paid In Capital	8.59B	8.68B	8.75B	8.81B	8.62B
Retained Earnings	-1.88B	-2.15B	-2.07B	-1.16B	-628M
Comprehensive Income and Other	-1.51B	-1.55B	-1.59B	-1.49B	-1.62B
Total Common Equity	5.21B	5B	5.1B	6.17B	6.38B
Minority Interest	69M	67M	38M	74M	52M
Total Equity	5.28B	5.06B	5.13B	6.24B	6.43B
Total Liabilities And Equity	9.93B	9.55B	10.14B	11.29B	11.36B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	388M	393M	393M	394M	381M
ECS Total Common Shares Outstanding	388M	393M	393M	394M	382M
Book Value / Share	13.42	12.73	12.97	15.66	16.71
Tangible Book Value	3.19B	2.97B	3.1B	4.16B	4.24B
Tangible Book Value Per Share	8.22	7.56	7.89	10.55	11.11
Total Debt	2.56B	2.39B	2.37B	2.38B	2.39B
Net Debt	864M	797M	1.3B	1.56B	1.16B
Debt Equivalent of Unfunded Proj. Benefit Obligation	57M	23M	1M	26M	11M
Debt Equivalent Oper. Leases	1.2B	1.18B	1.24B	1.23B	1.22B
Minority Interest, Total (Incl. Fin. Div)	69M	67M	38M	74M	52M
Equity Method Investments, Total	51M	50M	117M	211M	163M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	373M	350M	479M	479M	394M
Inventories - Work In Process, Total	189M	218M	308M	230M	181M
Inventories - Finished Goods, Total	1.42B	1.21B	1.4B	1.8B	1.64B
Land - (BS)	175M	174M	176M	180M	165M
Buildings, Total	1.34B	1.31B	1.25B	1.28B	1.28B
Machinery, Total	3.46B	3.47B	3.48B	3.73B	3.89B
Full Time Employees	27.63K	27.04K	32.31K	33.68K	34.01K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	100M	88M	71M	72M	67M
Order Backlog	3.4B	4.05B	4.4B	4.69B	4.43B

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-2.54B	-250M	155M	993M	635M
Depreciation & Amortization - CF	334M	289M	274M	282M	322M
Amortization of Goodwill and Intangible Assets - (CF)	49M	43M	51M	43M	49M
Depreciation & Amortization, Total	383M	332M	325M	325M	371M
(Gain) Loss From Sale Of Asset	-	-	-	-	-130M
Asset Writedown & Restructuring Costs	1.89B	-	127M	4M	-
(Income) Loss On Equity Investments - (CF)	260M	5M	-68M	-119M	-36M
Stock-Based Compensation (CF)	105M	78M	67M	66M	70M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	300M	86M	-26M	-542M	179M
Change In Accounts Receivable	604M	98M	-660M	-324M	255M
Change In Inventories	429M	17M	-480M	-361M	270M
Change In Accounts Payable	-226M	118M	289M	-4M	-87M
Change in Unearned Revenues	-74M	27M	52M	82M	-42M
Change In Income Taxes	9M	-28M	5M	-6M	-5M
Change in Other Net Operating Assets	-213M	-192M	35M	29M	-176M
Cash from Operations	926M	291M	-179M	143M	1.3B
Capital Expenditure	-226M	-201M	-214M	-283M	-351M
Cash Acquisitions	-14M	-52M	-49M	-22M	-298M
Divestitures	-	-	-	-	176M
Other Investing Activities, Total	96M	57M	25M	12M	2M
Cash from Investing	-144M	-196M	-238M	-293M	-471M
Long-Term Debt Issued, Total	36M	60M	20M	2M	420M
Total Debt Issued	36M	60M	20M	2M	420M
Long-Term Debt Repaid, Total	-248M	-209M	-28M	-33M	-459M
Total Debt Repaid	-248M	-209M	-28M	-33M	-459M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-229M
Common Dividends Paid	-19M	-20M	-78M	-79M	-108M
Common & Preferred Stock Dividends Paid	-19M	-20M	-78M	-79M	-108M
Other Financing Activities, Total	-28M	-20M	-10M	7M	-30M
Cash from Financing	-259M	-189M	-96M	-103M	-406M
Foreign Exchange Rate Adjustments	-2M	-7M	-9M	-	-13M
Net Change in Cash	521M	-101M	-522M	-253M	414M
Supplemental Items
Cash Interest Paid	83M	76M	75M	85M	86M
Cash Income Tax Paid (Refund)	-9M	-78M	117M	114M	161M
Levered Free Cash Flow	925M	332M	-208M	-117M	1.01B
Unlevered Free Cash Flow	977M	380M	-160M	-62.25M	1.07B
Change In Net Working Capital	-1.05B	-255M	582M	609M	-364M
Net Debt Issued / Repaid	-212M	-149M	-8M	-31M	-39M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-2.89	-0.86	2.48	4.09	5.45
Return on Total Capital	-3.62	-1.1	3.27	5.44	7.08
Return On Equity %	-38.66	-4.74	3.04	17.32	10.02
Return on Common Equity	-39.14	-4.9	3.07	17.63	10.12
Margin Analysis
Gross Profit Margin %	7.13	14.01	19.48	21.47	23.9
SG&A Margin	15.89	16.44	14.08	13.29	12.77
EBITDA Margin %	-2.48	3.58	9.89	11.97	15.31
EBITA Margin %	-7.96	-1.65	6.11	8.68	11.68
EBIT Margin %	-8.77	-2.43	5.4	8.18	11.13
Income From Continuing Operations Margin %	-41.66	-4.44	2.14	11.48	7.16
Net Income Margin %	-41.74	-4.53	2.14	11.57	7.16
Net Avail. For Common Margin %	-41.74	-4.53	2.14	11.57	7.16
Normalized Net Income Margin	-9.2	-2.69	3.15	4.92	6.64
Levered Free Cash Flow Margin	15.18	6.01	-2.88	-1.37	11.43
Unlevered Free Cash Flow Margin	16.05	6.88	-2.21	-0.73	12.07
Asset Turnover
Asset Turnover	0.53	0.57	0.74	0.8	0.78
Fixed Assets Turnover	2.21	2.28	3.11	3.65	3.64
Receivables Turnover (Average Receivables)	2.78	3.01	3.44	3.39	3.52
Inventory Turnover (Average Inventory)	3.14	3.47	3.71	3.4	3.31
Short Term Liquidity
Current Ratio	2.79	2.57	2.25	2.4	2.46
Quick Ratio	1.92	1.77	1.43	1.42	1.54
Operating Cash Flow to Current Liabilities	0.5	0.15	-0.07	0.06	0.56
Days Sales Outstanding (Average Receivables)	131.71	121.15	106.07	107.76	103.98
Days Outstanding Inventory (Average Inventory)	116.64	105.23	98.47	107.33	110.69
Average Days Payable Outstanding	45.27	43	43.91	46.67	48.78
Cash Conversion Cycle (Average Days)	203.08	183.39	160.62	168.43	165.89
Long Term Solvency
Total Debt/Equity	48.42	47.16	46.08	38.08	37.12
Total Debt / Total Capital	32.62	32.04	31.55	27.58	27.07
LT Debt/Equity	46.33	45.1	44.14	36.37	34.96
Long-Term Debt / Total Capital	31.22	30.65	30.21	26.34	25.49
Total Liabilities / Total Assets	46.83	46.97	49.34	44.73	43.42
EBIT / Interest Expense	-6.36	-1.74	5.01	7.98	10.85
EBITDA / Interest Expense	-0.01	4.49	11.17	13.42	16.6
(EBITDA - Capex) / Interest Expense	-2.7	1.88	8.42	10.2	12.75
Total Debt / EBITDA	-2.56K	6.9	2.72	2.01	1.58
Net Debt / EBITDA	-864	2.3	1.49	1.32	0.77
Total Debt / (EBITDA - Capex)	-11.26	16.47	3.6	2.65	2.06
Net Debt / (EBITDA - Capex)	-3.81	5.5	1.97	1.74	1
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-28.18	-9.29	31.01	18.6	3.34
Gross Profit, 1 Yr. Growth %	-48.64	78.34	82.17	31.93	15.03
EBITDA, 1 Yr. Growth %	-241.12	-231.13	261.62	46.09	32.23
EBITA, 1 Yr. Growth %	73.21	-81.24	-585.71	73.66	39.06
EBIT, 1 Yr. Growth %	16.59	-74.91	-391.79	85.71	40.6
Earnings From Cont. Operations, 1 Yr. Growth %	-58.36	-90.34	-163.27	535.48	-35.53
Net Income, 1 Yr. Growth %	-58.29	-90.17	-162	540.65	-36.05
Normalized Net Income, 1 Yr. Growth %	39.09	-73.44	-253.36	91.99	39.39
Diluted EPS Before Extra, 1 Yr. Growth %	-58.52	-90.18	-160	541.03	-36
Accounts Receivable, 1 Yr. Growth %	-24.54	-5.46	36.03	9.08	-9.38
Inventory, 1 Yr. Growth %	-35.91	-5.47	36.21	18.64	-10.18
Net Property, Plant and Equip., 1 Yr. Growth %	-17.67	-5.34	-2.63	4.83	2.57
Total Assets, 1 Yr. Growth %	-24.49	-3.82	6.13	11.44	0.59
Tangible Book Value, 1 Yr. Growth %	-22.55	-6.99	4.52	34.02	1.97
Common Equity, 1 Yr. Growth %	-33.02	-4.09	1.98	21.04	3.37
Cash From Operations, 1 Yr. Growth %	29.69	-68.57	-161.51	-179.89	811.89
Capital Expenditures, 1 Yr. Growth %	-3	-11.06	6.47	32.24	24.03
Levered Free Cash Flow, 1 Yr. Growth %	12.47	-64.08	-162.74	-45.84	-964.82
Unlevered Free Cash Flow, 1 Yr. Growth %	10.45	-61.09	-141.98	-62.89	-1.82K
Dividend Per Share, 1 Yr. Growth %	-75	0	300	0	37.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-15.12	-19.28	9.01	24.65	10.71
Gross Profit, 2 Yr. CAGR %	-45.18	-4.29	80.25	54.31	23.19
EBITDA, 2 Yr. CAGR %	-59.06	62.48	98.34	144.35	41.42
EBITA, 2 Yr. CAGR %	51.61	-55.43	-9.02	135.79	65.55
EBIT, 2 Yr. CAGR %	59.08	-45.91	-14.43	128.88	61.59
Earnings From Cont. Operations, 2 Yr. CAGR %	973.86	-79.95	-75.28	100.51	102.4
Net Income, 2 Yr. CAGR %	805.54	-79.75	-75.31	99.3	102.4
Normalized Net Income, 2 Yr. CAGR %	480.38	-39.22	-36.17	68.51	63.59
Diluted EPS Before Extra, 2 Yr. CAGR %	798.45	-79.82	-75.73	96.12	102.55
Accounts Receivable, 2 Yr. CAGR %	-15.91	-15.54	13.4	21.81	-0.58
Inventory, 2 Yr. CAGR %	-31.33	-22.17	13.47	27.13	3.23
Net Property, Plant and Equip., 2 Yr. CAGR %	-5.59	-11.72	-3.99	1.03	3.7
Total Assets, 2 Yr. CAGR %	-29.18	-14.78	1.03	8.75	5.88
Tangible Book Value, 2 Yr. CAGR %	-16.13	-15.13	-1.4	18.35	16.9
Common Equity, 2 Yr. CAGR %	-38.6	-19.85	-1.1	11.1	11.86
Cash From Operations, 2 Yr. CAGR %	33.32	-36.16	-56.03	-29.9	169.91
Capital Expenditures, 2 Yr. CAGR %	-3.76	-7.12	-2.69	18.66	28.07
Levered Free Cash Flow, 2 Yr. CAGR %	30.41	-35.17	-51.71	-38.11	105.33
Unlevered Free Cash Flow, 2 Yr. CAGR %	27.42	-33.22	-58.93	-58.08	136.32
Dividend Per Share, 2 Yr. CAGR %	-50	-50	100	100	17.26
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.88	-13.22	-5.14	12.12	17.1
Gross Profit, 3 Yr. CAGR %	-21.35	-18.77	18.61	61.94	39.92
EBITDA, 3 Yr. CAGR %	-28.95	-39.65	112.14	78.03	99.12
EBITA, 3 Yr. CAGR %	20.53	-24.45	-1.18	11.74	97.74
EBIT, 3 Yr. CAGR %	24.46	-14.04	-5.14	9.55	94.57
Earnings From Cont. Operations, 3 Yr. CAGR %	120.7	123.31	-70.59	-27.05	37.36
Net Income, 3 Yr. CAGR %	120.53	100.54	-70.59	-26.9	36.44
Normalized Net Income, 3 Yr. CAGR %	31.55	107.6	-17.25	-8.97	58.18
Diluted EPS Before Extra, 3 Yr. CAGR %	119.03	99.38	-70.98	-27.72	35.02
Accounts Receivable, 3 Yr. CAGR %	-9.1	-12.57	-1	11.94	10.37
Inventory, 3 Yr. CAGR %	-22.31	-23.61	-6.2	15.17	13.23
Net Property, Plant and Equip., 3 Yr. CAGR %	-6.01	-5.51	-8.79	-1.14	1.54
Total Assets, 3 Yr. CAGR %	-21.09	-21.57	-8.31	4.39	5.96
Tangible Book Value, 3 Yr. CAGR %	-11.27	-13.19	-9.03	9.22	12.62
Common Equity, 3 Yr. CAGR %	-28.23	-28.76	-13.15	5.79	8.46
Cash From Operations, 3 Yr. CAGR %	3.63	-17.65	-36.95	-46.35	64.86
Capital Expenditures, 3 Yr. CAGR %	5.58	-6.26	-2.8	7.79	20.42
Levered Free Cash Flow, 3 Yr. CAGR %	1.36	-15.15	-35.88	-49.19	49.07
Unlevered Free Cash Flow, 3 Yr. CAGR %	0.88	-14.19	-42.8	-59.63	44.59
Dividend Per Share, 3 Yr. CAGR %	-37	-37	0	58.74	76.52
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-16.22	-5.3	-0.18	0.31	0.91
Gross Profit, 5 Yr. CAGR %	-32.35	50.27	9.59	5	20.2
EBITDA, 5 Yr. CAGR %	-40.62	-23.09	11.21	2.65	78.47
EBITA, 5 Yr. CAGR %	-17.88	-42.43	9.8	28.7	17.73
EBIT, 5 Yr. CAGR %	-16.29	-37.8	7.14	27.18	16.6
Earnings From Cont. Operations, 5 Yr. CAGR %	27.03	-36.73	-8.06	113.9	-36.38
Net Income, 5 Yr. CAGR %	27.01	-36.45	-8.14	100.04	-36.38
Normalized Net Income, 5 Yr. CAGR %	-3.96	-32.06	-1.5	90.98	7.9
Diluted EPS Before Extra, 5 Yr. CAGR %	27.17	-36.74	-9.15	98.07	-36.87
Accounts Receivable, 5 Yr. CAGR %	-14.71	-8.3	-0.69	-0.17	-0.83
Inventory, 5 Yr. CAGR %	-21.35	-16.73	-9.6	-6.35	-2.54
Net Property, Plant and Equip., 5 Yr. CAGR %	-4.41	-5.61	-5.2	-2.94	-3.98
Total Assets, 5 Yr. CAGR %	-17.49	-14.69	-12.89	-10.62	-2.88
Tangible Book Value, 5 Yr. CAGR %	-10.5	-7.34	-7.45	-1.73	0.57
Common Equity, 5 Yr. CAGR %	-20.48	-18.55	-18.41	-14.9	-3.9
Cash From Operations, 5 Yr. CAGR %	-7.01	-21.24	-26.46	-22.79	12.8
Capital Expenditures, 5 Yr. CAGR %	-12.98	-6.68	2.19	3.01	8.54
Levered Free Cash Flow, 5 Yr. CAGR %	-4.52	-20.15	-25.17	-26.42	5.11
Unlevered Free Cash Flow, 5 Yr. CAGR %	-4.49	-18.97	-30.03	-36.48	4.66
Dividend Per Share, 5 Yr. CAGR %	-51.38	-39.36	0	0	6.58