National Oilwell Varco 2015 Annual Report Download - page 72
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Table of Contents
Revenue
Sales $11,707 $17,173 $15,489
Services 3,050 4,267 3,732
Total 14,757 21,440 19,221
Cost of revenue
Cost of sales 9,362 12,407 11,107
Cost of services 2,332 3,224 3,010
Total 11,694 15,631 14,117
Gross profit 3,063 5,809 5,104
Selling, general and administrative 1,764 2,092 1,905
Goodwill and intangible asset impairment 1,689 104 —
Operating profit (loss) (390) 3,613 3,199
Interest and financial costs (103) (105) (111)
Interest income 14 18 12
Equity income in unconsolidated affiliates 13 58 63
Other income (expense), net (123) (90) (39)
Income (loss) from continuing operations before income taxes (589) 3,494 3,124
Provision for income taxes 178 1,039 943
Income (loss) from continuing operations (767) 2,455 2,181
Income from discontinued operations — 52 147
Net income (loss) (767) 2,507 2,328
Net income attributable to noncontrolling interests 2 5 1
Net income (loss) attributable to Company $ (769) $ 2,502 $ 2,327
Per share data:
Basic:
Income (loss) from continuing operations $ (1.99) $ 5.73 $ 5.11
Income from discontinued operations $ — $ 0.12 $ 0.35
Net income (loss) attributable to Company $ (1.99) $ 5.85 $ 5.46
Diluted:
Income (loss) from continuing operations $ (1.99) $ 5.70 $ 5.09
Income from discontinued operations $ — $ 0.12 $ 0.35
Net income (loss) attributable to Company $ (1.99) $ 5.82 $ 5.44
Cash dividends per share $ 1.84 $ 1.64 $ 0.91
Weighted average shares outstanding:
Basic 387 428 426
Diluted 387 430 428
The accompanying notes are an integral part of these statements.
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