Stock Analysis on Net
Stock Analysis on Net

National Oilwell Varco Inc. (NYSE:NOV)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 3, 2016.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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National Oilwell Varco Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Accounts payable
Accrued liabilities
Billings in excess of costs
Current portion of long-term debt and short-term borrowings
Accrued income taxes
Deferred income taxes
Current liabilities
Long-term debt, excluding current portion
Deferred income taxes
Other liabilities
Noncurrent liabilities
Total liabilities
Common stock, par value $.01
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings
Total Company stockholders’ equity
Noncontrolling interests
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

Accounts Payable
The proportion of accounts payable relative to total liabilities and stockholders’ equity increased from 2.83% at the beginning of 2011 to a peak of 4.76% in September 2012. Subsequently, it exhibited a consistent downward trend, declining to 1.82% by mid-2016, indicating a reduction in short-term obligations to suppliers over time.
Accrued Liabilities
Accrued liabilities showed fluctuations within a moderate range between roughly 7.3% and 10.5%. There was a general increase from around 8.59% in early 2011 to a peak of 10.48% in December 2014, followed by a steady decline to approximately 7.46% by mid-2016. This suggests varying but managed accruals for expenses over the period.
Billings in Excess of Costs
The percentage attributed to billings in excess of costs rose significantly from 2.47% in early 2011 to a high of 6.43% in June 2014, reflecting increasing advance billings relative to recognized costs. This was followed by a noticeable decrease to around 2.75% by mid-2016, indicating a contraction in advance payments or greater alignment of billings with incurred costs.
Current Portion of Long-Term Debt and Short-Term Borrowings
This item was generally minimal or zero across most periods, with occasional small peaks under 1.5%, suggesting limited reliance on short-term portions of long-term debt and borrowings.
Accrued Income Taxes
This liability's share varied noticeably, increasing up to 2.78% in late 2011 but then displaying a general decline in later years, reaching as low as 0.08% in mid-2015, indicating fluctuations in tax accruals with a diminishing trend overall.
Deferred Income Taxes
The two entries related to deferred income taxes reveal mixed patterns. The first showed a moderate decline from 1.85% to around 0.9% in the early part of the timeline, with some recovery toward 1.2% in the middle years, and missing data towards the end. The second, representing a larger deferred tax liability category, declined from 7.91% in early 2011 to 4.64% by mid-2016, demonstrating a consistent reduction in deferred tax liabilities.
Current Liabilities
The share of current liabilities generally increased from 17.84% in early 2011 to a peak nearing 23.29% in mid-2012, then gradually declined to 12.39% by mid-2016. This reflects an initial rise followed by a steady reduction in short-term obligations.
Long-Term Debt, Excluding Current Portion
After remaining below 3% in the initial years, this liability surged to 10% in late 2012 and peaked around 14.7% by the end of 2015. A slight decline followed into mid-2016. This indicates an increased reliance on long-term debt starting late 2012, sustained through 2015.
Other Liabilities
Other liabilities remained relatively stable, fluctuating mildly between 0.99% and 1.63%, with no clear directional trend, indicating consistent minor liabilities over time.
Noncurrent Liabilities
Noncurrent liabilities started around 11.33% and showed a notable rise, reaching as high as 22.51% by the end of 2015 before a slight fall to 19.56% in mid-2016. This corresponds with the increased long-term debt, reflecting growing long-term financial obligations during the period.
Total Liabilities
Total liabilities maintained a steady level near 29–31% in early years but surged to a peak above 41% at the start of 2015, then fell to approximately 32% by mid-2016. The increase corresponds with the rise in long-term and noncurrent liabilities, indicating an expansion in overall liabilities followed by deleveraging.
Common Stock, Par Value
Common stock remained negligible and very stable as a percentage, consistently around 0.01–0.02%, showing no major changes in share capital structure.
Additional Paid-in Capital
There was a steady decline in additional paid-in capital from 36.41% in early 2011 to a low near 20.93% towards the end of 2014, followed by a strong recovery up to 33.8% by mid-2016. This fluctuation may suggest periods of capital returns or share buybacks, followed by capital increases or retained earnings adjustments enhancing equity.
Accumulated Other Comprehensive Income (Loss)
This component declined from a small positive around 0.83% in early 2011 to a negative peak of -5.81% by the end of 2015, with slight improvement thereafter. This indicates increasing comprehensive losses or negative adjustments to equity unrelated to net income, possibly due to currency translation adjustments or other comprehensive items.
Retained Earnings
Retained earnings rose consistently from 33.08% in early 2011 to a peak of 45.22% by late 2015, though it dropped sharply to 37.14% at the start of 2016 before recovering slightly. This overall growth indicates significant accumulated profits being retained within the company, albeit with some volatility in early 2016.
Total Company Stockholders’ Equity
Equity as a percentage of total liabilities and stockholders’ equity declined from around 70.34% in early 2011 to a low near 58.71% by early 2015, then stabilized near 61% through 2015, followed by an increase to about 67.77% by mid-2016. This reflects an initial weakening equity base possibly due to increased liabilities, then a recovery as liabilities decreased.
Noncontrolling Interests
Noncontrolling interests remained minor and relatively stable, around 0.25% to 0.48%, showing no significant changes in minority ownership interests.
Total Stockholders’ Equity
This index followed a pattern similar to company stockholders’ equity, gradually declining from over 70% to around 59% by early 2015 before rebounding to 68% by mid-2016, indicating strengthening overall equity relative to the balance sheet size.
Total Liabilities and Stockholders’ Equity
This sum remained a constant 100% across all periods, consistent with the accounting equation and presentation of percentages relative to total capitalization.