National Oilwell Varco 2003 Annual Report Download - page 52

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51
Business Segments
Products and Distribution Corporate/
Technology Services Eliminations Total
December 31, 2003
Revenues from:
Unaffiliated customers 1,215,944$ 788,976$ -$ 2,004,920$
Intersegment sales 98,748 2,988 (101,736) -
Total revenues 1,314,692 791,964 (101,736) 2,004,920
Operating income (loss) 165,078 6,497
(
a
)
(12,587) 158,988
Capital expenditures 25,512 3,789 3,077 32,378
Depreciation and amortization 30,085 5,765 3,332 39,182
Goodwill 546,626 35,831 4,884 587,341
Identifiable assets 1,792,676 363,753 86,307 2,242,736
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 490,878 16,457 4,884 512,219
Identifiable assets 1,640,171 266,663 70,394 1,977,228
December 31, 2001
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
(a) Includes a $6.3 million pre-tax charge related to the accumulated clearing account
problem within the purchasing system.