NOV Inc
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
NOV$17.68-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income (Loss
(In millions, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | |||
| Sales | $5,775 | $4,873 | $3,769 |
| Services | 1,789 | 1,482 | 1,114 |
| Rental | 1,019 | 882 | 641 |
| Total | 8,583 | 7,237 | 5,524 |
| Cost of revenue | |||
| Sales | 4,798 | 4,146 | 3,369 |
| Services | 1,367 | 1,186 | 951 |
| Rental | 585 | 571 | 430 |
| Total | 6,750 | 5,903 | 4,750 |
| Gross profit | 1,833 | 1,334 | 774 |
| Selling, general and administrative | 1,182 | 1,070 | 908 |
| Operating profit (loss) | 651 | 264 | (134) |
| Interest and financial costs | (88) | (78) | (77) |
| Interest income | 28 | 19 | 9 |
| Equity income (loss) in unconsolidated affiliates | 119 | 68 | (5) |
| Other expense, net | (98) | (35) | (23) |
| Income (loss) before income taxes | 612 | 238 | (230) |
| Provision (benefit) for income taxes | (373) | 83 | 15 |
| Net income (loss) | 985 | 155 | (245) |
| Net income (loss) attributable to noncontrolling interests | (8) | — | 5 |
| Net income (loss) attributable to Company | $993 | $155 | $(250) |
| Net income (loss) attributable to Company per share: | |||
| Basic | $2.53 | $0.40 | $(0.65) |
| Diluted | $2.50 | $0.39 | $(0.65) |
| Cash dividends per share | $0.20 | $0.20 | $0.05 |
| Weighted average shares outstanding: | |||
| Basic | 393 | 390 | 386 |
| Diluted | 397 | 394 | 386 |
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