Weatherford International plc
For the period ended Dec 31, 2023. Filed Feb 7, 2024.
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FY2023 · Filed Feb 7, 2024
WFRD$84.31-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
| WEATHERFORD INTERNATIONAL PLC AND SUBSIDIARIES | ||
|---|---|---|
| CONSOLIDATED BALANCE SHEETS | ||
| December 31, | ||
| (Dollars and shares in millions, except par value) | 2023 | 2022 |
| Assets: | ||
| Cash and Cash Equivalents | $958 | $910 |
| Restricted Cash | 105 | 202 |
| Accounts Receivable, Net of Allowance for Credit Losses of $16 at December 31, 2023 and $26 at December 31, 2022 | 1,216 | 989 |
| Inventories, Net | 788 | 689 |
| Other Current Assets | 278 | 253 |
| Total Current Assets | 3,345 | 3,043 |
| Property, Plant and Equipment, Net of Accumulated Depreciation of $883 at December 31, 2023 and $773 at December 31, 2022 | 957 | 918 |
| Intangible Assets, Net of Accumulated Amortization of $639 at December 31, 2023 and $480 at December 31, 2022 | 370 | 506 |
| Operating Lease Assets | 138 | 115 |
| Other Non-current Assets | 258 | 138 |
| Total Assets | $5,068 | $4,720 |
| Liabilities: | ||
| Current Portion of Long-term Debt | $168 | $45 |
| Accounts Payable | 679 | 460 |
| Accrued Salaries and Benefits | 387 | 367 |
| Income Taxes Payable | 138 | 141 |
| Current Portion of Operating Lease Liabilities | 46 | 44 |
| Other Current Liabilities | 448 | 413 |
| Total Current Liabilities | 1,866 | 1,470 |
| Long-term Debt | 1,715 | 2,203 |
| Operating Lease Liabilities | 131 | 117 |
| Non-current Taxes Payable | 282 | 251 |
| Other Non-current Liabilities | 152 | 128 |
| Total Liabilities | 4,146 | 4,169 |
| Shareholders’ Equity: | ||
| Ordinary Shares - Par value $0.001; Authorized 1,356, Issued andOutstanding 72 at December 31, 2023 and 71 at December 31, 2022 | — | — |
| Capital in Excess of Par Value | 2,906 | 2,928 |
| Retained Deficit | (1,954) | (2,371) |
| Accumulated Other Comprehensive Loss | (28) | (22) |
| Weatherford Shareholders’ Equity | 924 | 535 |
| Noncontrolling Interests | (2) | 16 |
| Total Shareholders’ Equity | 922 | 551 |
| Total Liabilities and Shareholders’ Equity | $5,068 | $4,720 |
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