Stock Analysis on Net

National Oilwell Varco Inc. (NYSE:NOV)

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

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

National Oilwell Varco Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

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
Cash and cash equivalents 1,661 1,759 2,080 1,846 2,544 3,024 3,536 4,091 3,885 3,688 3,436 2,741 2,327 2,441 3,319 1,702 1,917 3,390 3,535 3,870 3,440 3,060
Receivables, net 2,044 2,212 2,926 3,325 3,476 4,024 4,416 4,482 4,427 5,310 4,896 4,801 4,424 4,279 4,320 4,033 3,860 3,330 3,291 3,109 2,849 2,757
Inventories, net 4,287 4,534 4,678 5,172 5,394 5,378 5,281 5,464 5,198 5,659 5,603 6,078 6,083 6,135 5,891 5,989 5,501 4,528 4,030 3,907 3,756 3,570
Costs in excess of billings 790 1,040 1,250 1,669 1,810 1,926 1,878 1,615 1,567 1,520 1,539 1,640 1,448 1,333 1,225 1,065 953 810 593 531 499 744
Deferred income taxes 376 391 381 378 447 399 331 325 373 370 360 332 349 286 284 352 336 282 301 297
Prepaid and other current assets 422 503 491 530 562 569 604 619 595 709 576 625 579 474 574 592 499 426 325 339 381 311
Current assets 9,204 10,048 11,801 12,933 14,167 15,299 16,162 16,670 16,003 17,211 16,423 16,255 15,221 14,994 15,678 13,667 13,014 12,836 12,110 12,038 11,226 10,739
Property, plant and equipment, net 3,277 3,303 3,124 3,122 3,250 3,216 3,362 3,377 3,440 3,437 3,408 3,333 3,210 3,215 2,945 2,818 2,700 2,531 2,445 1,967 1,921 1,861
Deferred income taxes 147 144 488 520 535 559 503 433 472 479 372 372 395 395 413 320 238 204 267 194 179 158
Goodwill 6,986 7,003 6,980 8,465 8,507 8,509 8,539 8,614 8,640 8,875 9,049 9,036 8,997 9,005 7,172 6,940 6,917 6,206 6,151 5,942 5,949 5,908
Intangibles, net 3,709 3,800 3,849 4,087 4,257 4,290 4,444 4,695 4,808 4,953 5,055 5,180 5,305 5,399 4,743 4,431 4,512 4,004 4,073 3,995 4,063 4,026
Investment in unconsolidated affiliates 314 324 327 331 327 360 362 356 351 402 390 373 357 410 393 370 365 409 391 371 361 402
Other assets 147 132 156 170 182 191 190 125 113 123 115 124 108 138 140 116 87 97 78 37 57 62
Noncurrent assets 14,580 14,706 14,924 16,695 17,058 17,125 17,400 17,600 17,824 18,269 18,389 18,418 18,372 18,562 15,806 14,995 14,819 13,451 13,405 12,506 12,530 12,417
Total assets 23,784 24,754 26,725 29,628 31,225 32,424 33,562 34,270 33,827 35,480 34,812 34,673 33,593 33,556 31,484 28,662 27,833 26,287 25,515 24,544 23,756 23,156

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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. National Oilwell Varco Inc. current assets decreased from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. National Oilwell Varco Inc. property, plant and equipment, net increased from Q4 2015 to Q1 2016 but then slightly decreased from Q1 2016 to Q2 2016.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. National Oilwell Varco Inc. noncurrent assets decreased from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. National Oilwell Varco Inc. total assets decreased from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. National Oilwell Varco Inc. cash and cash equivalents decreased from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.
Receivables, net The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. National Oilwell Varco Inc. receivables, net decreased from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.
Inventories, net Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. National Oilwell Varco Inc. inventories, net decreased from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.