National Oilwell Varco 2002 Annual Report Download - page 48

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Summarized financial information is as follows (in thousands):
Business Segments
Products and Distribution Corporate/
Technology Services Eliminations Total
December 31, 2002
Revenues from:
Unaffiliated customers 837,750$ 684,196$ -$ 1,521,946$
Intersegment sales 79,500 1,978 (81,478) -
Total revenues 917,250 686,174 (81,478) 1,521,946
Operating income (loss) 127,011 18,083 (10,771) 134,323
Capital expenditures 19,849 3,612 1,344 24,805
Depreciation and amortization 19,340 4,883 825 25,048
Goodwill 560,235 16,457 4,884 581,576
Identifiable assets 1,640,171 266,663 61,828 1,968,662
December 31, 2001
Revenues from:
Unaffiliated customers 1,041,614$ 705,817$ 24$ 1,747,455$
Intersegment sales 79,305 2,001 (81,306) -
Total revenues 1,120,919 707,818 (81,282) 1,747,455
Operating income (loss) 171,013 28,473 (10,209) 189,277
Capital expenditures 22,170 4,066 1,122 27,358
Depreciation and amortization 31,882 6,428 563 38,873
Goodwill 332,121 15,089 4,884 352,094
Identifiable assets 1,178,118 260,212 33,366 1,471,696
December 31, 2000
Revenues from:
Unaffiliated customers 629,967$ 519,911$ 42$ 1,149,920$
Intersegment sales 53,500 1,362 (54,862) -
Total revenues 683,467 521,273 (54,820) 1,149,920
Operating income (loss) 60,992
(
2
)
12,884 (25,420)
(
1
)
48,456
(
1
)
(
2
)
Capital expenditures 14,960 7,387 2,214 24,561
Depreciation and amortization 28,712 5,985 337 35,034
Goodwill 313,468 10,843 5,029 329,340
Identifiable assets 1,001,391 223,973 53,530 1,278,894
(1) Includes a special charge of $14,082 for 2000 related to the merger with IRI.
(2) Includes $15,684 of inventory write-offs related to the merger with IRI.
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