NOV Inc
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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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.
FY2024 · Filed Feb 14, 2025
NOV$17.69+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In millions, except share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,230 | $816 |
| Receivables, net | 1,819 | 1,905 |
| Inventories, net | 1,932 | 2,151 |
| Contract assets | 577 | 739 |
| Prepaid and other current assets | 212 | 229 |
| Total current assets | 5,770 | 5,840 |
| Property, plant and equipment, net | 1,922 | 1,865 |
| Lease right-of-use assets, operating | 353 | 372 |
| Lease right-of-use assets, financing | 196 | 172 |
| Deferred income taxes | 413 | 488 |
| Goodwill | 1,630 | 1,562 |
| Intangibles, net | 508 | 450 |
| Investment in unconsolidated affiliates | 163 | 211 |
| Other assets | 406 | 334 |
| Total assets | $11,361 | $11,294 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $837 | $904 |
| Accrued liabilities | 861 | 870 |
| Contract liabilities | 492 | 532 |
| Current portion of lease liabilities | 102 | 94 |
| Current portion of long-term debt | 37 | 13 |
| Accrued income taxes | 18 | 22 |
| Total current liabilities | 2,347 | 2,435 |
| Long-term debt | 1,703 | 1,712 |
| Lease liabilities | 544 | 558 |
| Deferred income taxes | 56 | 70 |
| Other liabilities | 283 | 277 |
| Total liabilities | 4,933 | 5,052 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock - par value $.01; 1 billion shares authorized; 381,549,541 and 393,945,659 shares issued and outstanding at December 31, 2024 and December 31, 2023 | 4 | 4 |
| Additional paid-in capital | 8,625 | 8,812 |
| Accumulated other comprehensive loss | (1,625) | (1,493) |
| Retained deficit | (628) | (1,155) |
| Total Company stockholders’ equity | 6,376 | 6,168 |
| Noncontrolling interests | 52 | 74 |
| Total stockholders’ equity | 6,428 | 6,242 |
| Total liabilities and stockholders’ equity | $11,361 | $11,294 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.