NOV Inc
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 14, 2024
NOV$17.69+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(In millions, except share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $816 | $1,069 |
| Receivables, net | 1,905 | 1,739 |
| Inventories, net | 2,151 | 1,813 |
| Contract assets | 739 | 685 |
| Prepaid and other current assets | 229 | 187 |
| Total current assets | 5,840 | 5,493 |
| Property, plant and equipment, net | 1,865 | 1,781 |
| Lease right-of-use assets, operating | 372 | 346 |
| Lease right-of-use assets, financing | 172 | 171 |
| Deferred income taxes | 488 | — |
| Goodwill | 1,562 | 1,505 |
| Intangibles, net | 450 | 490 |
| Investment in unconsolidated affiliates | 211 | 117 |
| Other assets | 334 | 232 |
| Total assets | $11,294 | $10,135 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $904 | $906 |
| Accrued liabilities | 870 | 959 |
| Contract liabilities | 532 | 444 |
| Current portion of lease liabilities | 94 | 87 |
| Current portion of long-term debt | 13 | 13 |
| Accrued income taxes | 22 | 28 |
| Total current liabilities | 2,435 | 2,437 |
| Long-term debt | 1,712 | 1,717 |
| Lease liabilities | 558 | 549 |
| Deferred income taxes | 70 | 68 |
| Other liabilities | 277 | 230 |
| Total liabilities | 5,052 | 5,001 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock - par value $.01; 1 billion shares authorized; 393,945,659 and 392,832,752 shares issued and outstanding at December 31, 2023 and December 31, 2022 | 4 | 4 |
| Additional paid-in capital | 8,812 | 8,754 |
| Accumulated other comprehensive loss | (1,493) | (1,593) |
| Retained deficit | (1,155) | (2,069) |
| Total Company stockholders' equity | 6,168 | 5,096 |
| Noncontrolling interests | 74 | 38 |
| Total stockholders’ equity | 6,242 | 5,134 |
| Total liabilities and stockholders’ equity | $11,294 | $10,135 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.