National Oilwell Varco 2015 Annual Report Download - page 75
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Table of Contents
Balance at December 31, 2012 427 $ 4 $ 8,743 $ 107 $ 11,385 $ 20,239 $ 117 $ 20,356
Net income — — — — 2,327 2,327 1 2,328
Other comprehensive income (loss), net — — — (111) — (111) — (111)
Cash dividends, $.91 per common share — — — — (389) (389) — (389)
Dividends to noncontrolling interests — — — — — — (3) (3)
Noncontrolling interest contribution — — — — — — 10 10
Disposal of noncontrolling interest, net — — — — — — (25) (25)
Stock-based compensation — — 92 — — 92 — 92
Common stock issued 1 — 58 — — 58 — 58
Withholding taxes — — (6) — — (6) — (6)
Excess tax benefit from stock-based
compensation — — 20 — — 20 — 20
Balance at December 31, 2013 428 $ 4 $ 8,907 $ (4) $ 13,323 $ 22,230 $ 100 $ 22,330
Net income — — — — 2,502 2,502 5 2,507
Other comprehensive income (loss), net — — — (830) — (830) — (830)
Cash dividends, $1.64 per common share — — — — (703) (703) — (703)
Dividends to noncontrolling interests — — — — — — (20) (20)
Noncontrolling interest contribution — — — — — — 16 16
Disposal of noncontrolling interest, net — — — — — — (21) (21)
Spin-off of distribution business — — — — (1,941) (1,941) — (1,941)
Stock-based compensation — — 101 — — 101 — 101
Common stock issued 3 — 108 — — 108 — 108
Withholding taxes — — (11) — — (11) — (11)
Share repurchases (12) — (779) — — (779) — (779)
Excess tax benefit from stock-based
compensation — — 15 — — 15 — 15
Balance at December 31, 2014 419 $ 4 $ 8,341 $ (834) $ 13,181 $ 20,692 $ 80 $ 20,772
Net loss — — — — (769) (769) 2 (767)
Other comprehensive income (loss), net — — — (719) — (719) — (719)
Cash dividends, $1.84 per common share — — — — (710) (710) — (710)
Dividends to noncontrolling interests — — — — — — (8) (8)
Noncontrolling interest contribution — — — — — — 3 3
Stock-based compensation — — 109 — — 109 — 109
Common stock issued 1 — 7 — — 7 — 7
Withholding taxes — — (6) — — (6) — (6)
Share repurchases (44) — (446) — (1,775) (2,221) — (2,221)
Excess tax benefit from stock-based
compensation — — — — — — — —
Balance at December 31, 2015 376 $ 4 $ 8,005 $ (1,553) $ 9,927 $ 16,383 $ 77 $ 16,460
The accompanying notes are an integral part of these statements.
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