10-Q Filing

NOV INC. CIK: 1021860 Q1 2010

Filing Information

Form Type	10-Q
Accession Number	`0000950123-10-046332`
Period End Date	20100331
Filing Date	20100507
Fiscal Year	2010
Fiscal Period	Q1
XBRL Instance	nov-20100331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 36 Cash Flow Statement 52

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.61B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.54B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	418.45M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.23B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.62B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	418.94M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	418.45M	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$2.19B	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$2.11B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	418.94M	shares	Point-in-time
Inventories, net	`InventoryNet`	$3.49B	USD	Point-in-time
Inventories, net	`InventoryNet`	$3.42B	USD	Point-in-time
Costs in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$918.00M	USD	Point-in-time
Costs in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$740.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$290.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$228.00M	USD	Point-in-time
Prepaid and other current assets	`PrepaidAndOtherCurrentAssets`	$257.00M	USD	Point-in-time
Prepaid and other current assets	`PrepaidAndOtherCurrentAssets`	$269.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.54B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.60B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.81B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.84B	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$92.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$131.00M	USD	Point-in-time
Goodwill	`Goodwill`	$5.54B	USD	Point-in-time
Goodwill	`Goodwill`	$5.49B	USD	Point-in-time
Intangibles, net	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$4.05B	USD	Point-in-time
Intangibles, net	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$3.99B	USD	Point-in-time
Investment in unconsolidated affiliate	`EquityMethodInvestments`	$390.00M	USD	Point-in-time
Investment in unconsolidated affiliate	`EquityMethodInvestments`	$393.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$59.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$72.00M	USD	Point-in-time
Total assets	`Assets`	$21.53B	USD	Point-in-time
Total assets	`Assets`	$21.47B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$538.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$584.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.27B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.25B	USD	Point-in-time
Billings in excess of costs	`BillingsInExcessOfCost`	$681.00M	USD	Point-in-time
Billings in excess of costs	`BillingsInExcessOfCost`	$1.09B	USD	Point-in-time
Current portion of long-term debt and short-term borrowings	`DebtCurrent`	$156.00M	USD	Point-in-time
Current portion of long-term debt and short-term borrowings	`DebtCurrent`	$7.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$124.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$226.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.17B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.74B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$724.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$876.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.17B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.09B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$252.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$163.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.89B	USD	Point-in-time
Total liabilities	`Liabilities`	$7.30B	USD	Point-in-time
Common stock - par value $.01; 418,938,789 and 418,451,731 shares issued and outstanding at March 31, 2010 and December 31, 2009	`CommonStockValue`	$4.00M	USD	Point-in-time
Common stock - par value $.01; 418,938,789 and 418,451,731 shares issued and outstanding at March 31, 2010 and December 31, 2009	`CommonStockValue`	$4.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.21B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.23B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$90.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$50.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.80B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.18B	USD	Point-in-time
Total Company stockholders' equity	`StockholdersEquity`	$14.47B	USD	Point-in-time
Total Company stockholders' equity	`StockholdersEquity`	$14.11B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$113.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$115.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.23B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.58B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$21.47B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$21.53B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$3.48B	USD	1 Quarter
Revenue	`SalesRevenueNet`	$3.03B	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$2.07B	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$2.44B	USD	1 Quarter
Gross profit	`GrossProfit`	$962.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.04B	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$319.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$325.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$637.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$720.00M	USD	1 Quarter
Interest and financial costs	`InterestExpense`	$13.00M	USD	1 Quarter
Interest and financial costs	`InterestExpense`	$13.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00M	USD	1 Quarter
Equity income in unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$6.00M	USD	1 Quarter
Equity income in unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$28.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-36.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-16.00M	USD	1 Quarter
Income before income taxes	`IncomeBeforeIncomeTaxes`	$616.00M	USD	1 Quarter
Income before income taxes	`IncomeBeforeIncomeTaxes`	$701.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$197.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$228.00M	USD	1 Quarter
Net income	`ProfitLoss`	$419.00M	USD	1 Quarter
Net income	`ProfitLoss`	$473.00M	USD	1 Quarter
Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.00M	USD	1 Quarter
Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00M	USD	1 Quarter
Net income attributable to Company	`NetIncomeLoss`	$470.00M	USD	1 Quarter
Net income attributable to Company	`NetIncomeLoss`	$422.00M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.13	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	417.00M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	416.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	418.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	419.00M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$419.00M	USD	1 Quarter
Net income	`ProfitLoss`	$473.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$116.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$127.00M	USD	1 Quarter
Equity income in unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$6.00M	USD	1 Quarter
Equity income in unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$28.00M	USD	1 Quarter
Other, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$51.00M	USD	1 Quarter
Other, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$138.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$74.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$227.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$67.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-39.00M	USD	1 Quarter
Costs in excess of billings	`CostsInExcessOfBillings`	$-178.00M	USD	1 Quarter
Costs in excess of billings	`CostsInExcessOfBillings`	$3.00M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.00M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-126.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-46.00M	USD	1 Quarter
Billings in excess of costs	`BillingsInExcessOfCosts`	$-77.00M	USD	1 Quarter
Billings in excess of costs	`BillingsInExcessOfCosts`	$-409.00M	USD	1 Quarter
Other assets/liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-104.00M	USD	1 Quarter
Other assets/liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$182.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$785.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$95.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$79.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.00M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$46.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-12.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-65.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-79.00M	USD	1 Quarter
Repayments on debt	`RepaymentsOfLongTermDebt`	$2.00M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$42.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$8.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.00M	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-18.00M	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-8.00M	USD	1 Quarter
Increase (decrease) in cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.00M	USD	1 Quarter
Increase (decrease) in cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$689.00M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.61B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.23B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.62B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.61B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.23B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.62B	USD	Point-in-time
Interest	`InterestPaidNet`	$11.00M	USD	1 Quarter
Interest	`InterestPaidNet`	$10.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$101.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$78.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.