National Oilwell Varco 2015 Annual Report Download - page 71
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Table of Contents
Current assets:
Cash and cash equivalents $ 2,080 $ 3,536
Receivables, net 2,926 4,416
Inventories, net 4,678 5,281
Costs in excess of billings 1,250 1,878
Deferred income taxes 376 447
Prepaid and other current assets 491 604
Total current assets 11,801 16,162
Property, plant and equipment, net 3,124 3,362
Deferred income taxes 488 503
Goodwill 6,980 8,539
Intangibles, net 3,849 4,444
Investment in unconsolidated affiliates 327 362
Other assets 156 190
Total assets $26,725 $33,562
Current liabilities:
Accounts payable $ 623 $ 1,189
Accrued liabilities 2,284 3,518
Billings in excess of costs 785 1,775
Current portion of long-term debt and short-term borrowings 2 152
Accrued income taxes 264 431
Deferred income taxes 291 309
Total current liabilities 4,249 7,374
Long-term debt 3,928 3,014
Deferred income taxes 1,805 1,972
Other liabilities 283 430
Total liabilities 10,265 12,790
Commitments and contingencies
Stockholders’ equity:
Common stock—par value $.01; 1 billion shares authorized; 375,764,794 and 418,977,608 shares issued and outstanding at
December 31, 2015 and December 31, 2014 4 4
Additional paid-in capital 8,005 8,341
Accumulated other comprehensive loss (1,553) (834)
Retained earnings 9,927 13,181
Total Company stockholders’ equity 16,383 20,692
Noncontrolling interests 77 80
Total stockholders’ equity 16,460 20,772
Total liabilities and stockholders’ equity $26,725 $33,562
The accompanying notes are an integral part of these statements.
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