National Oilwell Varco 2002 Annual Report Download - page 44

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10. Income Taxes
The domestic and foreign components of income before income taxes were as follows (in
thousands):
December 31,
2002
December 31,
2001
December 31,
2000
Domestic 45,716$ 101,700$ (10,555)$
Foreign 66,749 66,317 37,592
112,465$ 168,017$ 27,03
7
$
The components of the provision (benefit) for income taxes consisted of (in thousands):
December 31,
2002
December 31,
2001
December 31,
2000
Current:
Federal 11,315$ 32,222$ 5,401$
State 909 581 123
Foreign 15,726 23,304 14,258
27,950 56,107 19,782
Deferred:
Federal 4,888 4,925 (6,757)
State 1,144 391 (507)
Foreign 5,414 2,531 1,383
11,446 7,847 (5,881)
39,39
6
$ 63,95
4
$ 13,901$
42