National Oilwell Varco 2010 Annual Report Download - page 63
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NATIONAL OILWELL VARCO, INC.
CONSOLIDATED BALANCE SHEETS
(In millions, except share data)
December 31,
2010 2009
ASSETS
Current assets:
Cash and cash equivalents $ 3,333 $ 2,622
Receivables, net 2,425 2,187
Inventories, net 3,388 3,490
Costs in excess of billings 815 740
Deferred income taxes 316 290
Prepaid and other current assets 258 269
Total current assets 10,535 9,598
Property, plant and equipment, net 1,840 1,836
Deferred income taxes 341 92
Goodwill 5,790 5,489
Intangibles, net 4,103 4,052
Investment in unconsolidated affiliate 386 393
Other assets 55 72
Total assets $ 23,050 $ 21,532
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Accounts payable $ 628 $ 584
Accrued liabilities 2,105 2,267
Billings in excess of costs 511 1,090
Current portion of long-term debt and short-term borrowings 373 7
Accrued income taxes 468 226
Deferred income taxes 451 340
Total current liabilities 4,536 4,514
Long-term debt 514 876
Deferred income taxes 1,885 1,751
Other liabilities 253 163
Total liabilities 7,188 7,304
Commitments and contingencies
Stockholders equity:
Common stock par value $.01; 421,141,751 and 418,451,731 shares issued and outstanding at December 31,
2010 and December 31, 2009 4 4
Additional paid-in capital 8,353 8,214
Accumulated other comprehensive income 91 90
Retained earnings 7,300 5,805
Total Company stockholders equity 15,748 14,113
Noncontrolling interests 114 115
Total stockholders equity 15,862 14,228
Total liabilities and stockholders equity $ 23,050 $ 21,532
The accompanying notes are an integral part of these statements.
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