← NOV Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($2.4b) | ($237.0m) | ($31.0m) | ($6.1b) | ($2.5b) | ($250.0m) | $155.0m | $993.0m | $635.0m | $145.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($2.4b) | ($236.0m) | ($22.0m) | ($6.1b) | ($2.5b) | ($245.0m) | $155.0m | $985.0m | $635.0m | $151.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($2.4b) | — | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($4.0m) | $1.0m | $9.0m | $2.0m | $5.0m | $5.0m | — | ($8.0m) | $0 | $6.0m | |
| Depreciation and amortization | $703.0m | $698.0m | $690.0m | $533.0m | $352.0m | $306.0m | $301.0m | $302.0m | $343.0m | $355.0m | |
| Amortization of Intangible Assets | $333.0m | $339.0m | $341.0m | $178.0m | $49.0m | $43.0m | $51.0m | $43.0m | $49.0m | $55.0m | |
| Depreciation | $370.0m | $359.0m | $349.0m | $355.0m | $302.0m | $264.0m | $250.0m | $260.0m | $294.0m | $300.0m | |
| Deferred Income Tax Expense (Benefit) | ($198.0m) | ($341.0m) | ($63.0m) | ($426.0m) | ($65.0m) | ($11.0m) | ($2.0m) | ($489.0m) | $49.0m | $93.0m | |
| Share-based Payment Arrangement, Noncash Expense | $107.0m | $124.0m | $110.0m | $130.0m | $105.0m | $78.0m | $67.0m | $66.0m | $70.0m | $67.0m | |
| Share-based Payment Arrangement, Expense | $107.0m | $124.0m | $110.0m | $130.0m | $105.0m | $78.0m | $67.0m | $66.0m | $70.0m | $67.0m | |
| Goodwill and Intangible Asset Impairment | $972.0m | — | — | — | — | — | — | — | — | $70.0m | |
| Goodwill, Impairment Loss | $972.0m | — | — | $3.5b | $1.3b | $0 | $0 | $0 | $0 | $40.0m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $2.0b | $292.0m | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | — | $30.0m | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | — | $130.0m | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($26.0m) | ($8.0m) | ($7.0m) | — | — | — | — | |
| Income (Loss) from Equity Method Investments | ($21.0m) | ($5.0m) | ($3.0m) | ($13.0m) | ($260.0m) | ($5.0m) | $68.0m | $119.0m | $36.0m | ($16.0m) | |
| Income Tax Expense (Benefit) | ($207.0m) | ($156.0m) | $63.0m | ($369.0m) | ($242.0m) | $15.0m | $83.0m | ($373.0m) | $196.0m | $224.0m | |
| Other Nonoperating Income (Expense) | ($101.0m) | ($33.0m) | ($99.0m) | ($90.0m) | ($17.0m) | ($23.0m) | ($35.0m) | ($98.0m) | ($28.0m) | ($66.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($845.0m) | ($72.0m) | $72.0m | ($275.0m) | ($574.0m) | $52.0m | $440.0m | $269.0m | ($93.0m) | ($222.0m) | |
| Increase (Decrease) in Inventories | ($782.0m) | ($229.0m) | $7.0m | ($104.0m) | ($429.0m) | ($17.0m) | $480.0m | $361.0m | ($270.0m) | ($97.0m) | |
| Increase (Decrease) in Accounts Payable | ($243.0m) | $86.0m | $196.0m | ($19.0m) | ($226.0m) | $118.0m | $289.0m | ($4.0m) | ($87.0m) | ($6.0m) | |
| Foreign Currency Transaction Gain (Loss), Realized | ($10.0m) | ($3.0m) | ($52.0m) | ($36.0m) | ($2.0m) | ($16.0m) | $25.0m | ($84.0m) | ($19.0m) | ($55.0m) | |
| Goodwill | $6.1b | $6.2b | $6.3b | $2.8b | $1.5b | $1.5b | $1.5b | $1.6b | $1.6b | $1.6b | |
| Investment Income, Interest | $15.0m | $25.0m | $25.0m | $20.0m | $7.0m | $9.0m | $19.0m | $28.0m | $38.0m | $51.0m | |
| Proceeds from Stock Options Exercised | $4.0m | $13.0m | $54.0m | $7.0m | $0 | $0 | $2.0m | $4.0m | $3.0m | $0 | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($134.0m) | ($5.0m) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $960.0m | $832.0m | $521.0m | $714.0m | $926.0m | $291.0m | ($179.0m) | $143.0m | $1.3b | $1.3b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $284.0m | $192.0m | $244.0m | $233.0m | $226.0m | $201.0m | $214.0m | $283.0m | $351.0m | $375.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $230.0m | $86.0m | $280.0m | $180.0m | $14.0m | $52.0m | $49.0m | $22.0m | $298.0m | $0 | |
| Payments for (Proceeds from) Other Investing Activities | ($26.0m) | ($33.0m) | ($67.0m) | ($98.0m) | ($96.0m) | ($57.0m) | ($25.0m) | ($12.0m) | ($2.0m) | ($13.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($488.0m) | ($245.0m) | ($457.0m) | ($315.0m) | ($144.0m) | ($196.0m) | ($238.0m) | ($293.0m) | ($471.0m) | ($362.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $4.0b | — | — | $511.0m | $36.0m | $60.0m | $20.0m | $2.0m | $420.0m | $3.0m | |
| Repayments of Long-term Debt | $4.9b | $506.0m | $8.0m | $1.0b | $217.0m | $183.0m | $4.0m | $10.0m | $431.0m | $26.0m | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | $229.0m | $315.0m | |
| Payments of Ordinary Dividends, Common Stock | $230 | $76 | $76 | $77 | $19 | $20 | $78 | $79 | $108 | $190 | |
| Proceeds from (Payments for) Other Financing Activities | ($8.0m) | ($10.0m) | — | ($13.0m) | ($20.0m) | ($13.0m) | ($10.0m) | $7.0m | ($30.0m) | ($28.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($1.1b) | ($595.0m) | ($30.0m) | ($647.0m) | ($259.0m) | ($189.0m) | ($96.0m) | ($103.0m) | ($406.0m) | ($584.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($44.0m) | ($8.0m) | ($2.0m) | ($7.0m) | ($9.0m) | — | ($13.0m) | $17.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($10.0m) | ($256.0m) | $521.0m | ($101.0m) | ($522.0m) | ($253.0m) | $414.0m | $322.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $1.4b | $1.2b | $1.7b | $1.6b | $1.1b | $816.0m | $1.2b | $1.6b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $101.0m | $97.0m | $90.0m | $85.0m | $83.0m | $76.0m | $75.0m | $85.0m | $86.0m | $85.0m | |
| Income Taxes Paid, Net | $181.0m | $50.0m | $64.0m | $144.0m | ($9.0m) | ($78.0m) | $117.0m | $114.0m | $161.0m | $106.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.