National Oilwell Varco 2012 Annual Report Download - page 65
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Index to Financial Statements
NATIONAL OILWELL VARCO, INC.
CONSOLIDATED BALANCE SHEETS
(In millions, except share data)
December 31,
2011 2010
ASSETS
Current assets:
Cash and cash equivalents $ 3,535 $ 3,333
Receivables, net 3,291 2,425
Inventories, net 4,030 3,388
Costs in excess of billings 593 815
Deferred income taxes 336 316
Prepaid and other current assets 325 258
Total current assets 12,110 10,535
Property, plant and equipment, net 2,445 1,840
Deferred income taxes 267 341
Goodwill 6,151 5,790
Intangibles, net 4,073 4,103
Investment in unconsolidated affiliates 391 386
Other assets 78 55
Total assets $ 25,515 $ 23,050
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Accounts payable $ 901 $ 628
Accrued liabilities 2,376 2,105
Billings in excess of costs 865 511
Current portion of long-term debt and short-term borrowings 351 373
Accrued income taxes 709 468
Deferred income taxes 214 451
Total current liabilities 5,416 4,536
Long-term debt 159 514
Deferred income taxes 1,852 1,885
Other liabilities 360 253
Total liabilities 7,787 7,188
Commitments and contingencies
Stockholders equity:
Common stockpar value $.01; 423,900,601 and 421,141,751 shares issued and outstanding at December 31, 2011 and December 31, 2010 4 4
Additional paid-in capital 8,535 8,353
Accumulated other comprehensive (loss) income (23) 91
Retained earnings 9,103 7,300
Total Company stockholders equity 17,619 15,748
Noncontrolling interests 109 114
Total stockholders equity 17,728 15,862
Total liabilities and stockholders equity $ 25,515 $ 23,050
The accompanying notes are an integral part of these statements.
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