National Oilwell Varco 2002 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2002 National Oilwell Varco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 49

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49

Geographic Areas:
United United
States Canad
a
Norway Kingdom Other
Eli
m
i
nat
i
ons Total
December 31,2002
Revenues from:
Unaffiliated customers 1,054,956$ 254,361$ 86,169$ 44,733$ 81,727$ -$ 1,521,946$
Interarea sales 108,191 59,370 18,561 7,393 1,199 (194,714) -
Total revenues 1,163,147 313,731 104,730 52,126 82,926 (194,714) 1,521,946
Long-lived assets 618,501 423,029 787,505 48,525 91,102 - 1,968,662
December 31,2001
Revenues from:
Unaffiliated customers 1,280,598$ 337,447$ 38,171$ 42,978$ 48,261$ -$ 1,747,455$
Interarea sales 129,525 45,890 11,591 7,421 445 (194,872) -
Total revenues 1,410,123 383,337 49,762 50,399 48,706 (194,872) 1,747,455
Long-lived assets 768,160 379,976 223,747 49,750 50,063 - 1,471,696
December 31,2000
Revenues from:
Unaffiliated customers 799,415$ 239,940$ 31,961$ 48,050$ 30,554$ -$ 1,149,920$
Interarea sales 43,521 28,302 3,786 4,796 737 (81,142) -
Total revenues 842,936 268,242 35,747 52,846 31,291 (81,142) 1,149,920
Long-lived assets 646,210 338,319 216,866 44,633 32,866 - 1,278,894
13. Quarterly Financial Data (Unaudited)
Summarized quarterly results were as follows (in thousands, except per share data):
1st Quarter 2nd Quarte
r
3rd Quarter 4th Quarter Total
Y
ear en
d
e
d
D
ecem
b
er
31
,
2002
Revenues 388,986$ 372,390$ 366,929$ 393,641$ 1,521,946$
Gross Profit 93,045 87,404 88,533 92,882 361,864
Income before taxes 33,102 26,501 27,743 25,119 112,465
Net income 21,185 16,961 17,756 17,167 73,069
Net income per basic share 0.26 0.21 0.22 0.21 0.90
Net income per diluted share 0.26 0.21 0.22 0.21 0.89
Y
ear en
d
e
d
D
ecem
b
er
31
,
2001
Revenues 360,272$ 434,628$ 486,812$ 465,743$ 1,747,455$
Gross Profit 91,173 103,494 119,905 113,262 427,834
Income before taxes 34,640 40,805 47,369 45,203 168,017
Net income 21,478 25,299 28,938 28,348 104,063
Net income per basic share 0.27 0.31 0.36 0.35 1.29
Net income per diluted share 0.26 0.31 0.36 0.35 1.27
47