NOV Inc
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income | $635 | $985 | $155 |
| Adjustments to reconcile net income to net cash provided (used in) by operating activities: | |||
| Depreciation and amortization | 343 | 302 | 301 |
| Russia/Belarus impairment and loss on assets held for sale | - | 4 | 127 |
| Deferred income taxes | 49 | (489) | (2) |
| Stock-based compensation | 70 | 66 | 67 |
| Equity income in unconsolidated affiliates | (36) | (119) | (68) |
| Dividend from unconsolidated affiliate | 84 | — | — |
| Gain on business divestiture | (130) | — | — |
| Provision for inventory losses | 31 | 28 | (18) |
| Other, net | 43 | (50) | 18 |
| Change in operating assets and liabilities, net of acquisitions: | |||
| Receivables | 93 | (269) | (440) |
| Inventories | 270 | (361) | (480) |
| Contract assets | 162 | (55) | (220) |
| Prepaid and other current assets | 17 | (40) | 6 |
| Accounts payable | (87) | (4) | 289 |
| Accrued liabilities | (51) | (116) | 101 |
| Contract liabilities | (42) | 82 | 52 |
| Income taxes payable | (5) | (6) | 5 |
| Other assets/liabilities, net | (142) | 185 | (72) |
| Net cash provided by (used in) operating activities | 1,304 | 143 | (179) |
| Cash flows from investing activities: | |||
| Purchases of property, plant and equipment | (351) | (283) | (214) |
| Business acquisitions, net of cash acquired | (298) | (22) | (49) |
| Business divestitures, net of cash disposed | 176 | — | — |
| Other, net | 2 | 12 | 25 |
| Net cash used in investing activities | (471) | (293) | (238) |
| Cash flows from financing activities: | |||
| Borrowings against lines of credit and other debt | 420 | 184 | 20 |
| Payments against lines of credit and other debt | (431) | (192) | (4) |
| Financing leases | (28) | (23) | (24) |
| Cash dividends paid | (108) | (79) | (78) |
| Shares repurchases | (229) | — | — |
| Other | (30) | 7 | (10) |
| Net cash used in financing activities | (406) | (103) | (96) |
| Effect of exchange rates on cash | (13) | - | (9) |
| Increase (decrease) in cash and cash equivalents | 414 | (253) | (522) |
| Cash and cash equivalents, beginning of period | 816 | 1,069 | 1,591 |
| Cash and cash equivalents, end of period | $1,230 | $816 | $1,069 |
| Supplemental disclosures of cash flow information: | |||
| Cash payments during the period for: | |||
| Interest | $86 | $85 | $75 |
| Income taxes | $161 | $114 | $117 |
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