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10-Q Filing

NOV INC. CIK: 1021860 Q1 2011
Filing Information
Form Type 10-Q
Accession Number 0000950123-11-046298
Period End Date 20110331
Filing Date 20110506
Fiscal Year 2011
Fiscal Period Q1
XBRL Instance nov-20110331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 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 $2.62B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.06B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.33B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 421.14M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 422.96M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 422.96M shares Point-in-time
Receivables, net ReceivablesNetCurrent $2.76B USD Point-in-time
Receivables, net ReceivablesNetCurrent $2.42B USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 421.14M shares Point-in-time
Inventories, net InventoryNet $3.39B USD Point-in-time
Inventories, net InventoryNet $3.57B USD Point-in-time
Costs in excess of billings CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear $744.00M USD Point-in-time
Costs in excess of billings CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear $815.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $316.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $297.00M USD Point-in-time
Prepaid and other current assets PrepaidAndOtherCurrentAssets $311.00M USD Point-in-time
Prepaid and other current assets PrepaidAndOtherCurrentAssets $258.00M USD Point-in-time
Total current assets AssetsCurrent $10.74B USD Point-in-time
Total current assets AssetsCurrent $10.54B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.86B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.84B USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $158.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $341.00M USD Point-in-time
Goodwill Goodwill $5.79B USD Point-in-time
Goodwill Goodwill $5.91B USD Point-in-time
Intangibles, net IndefiniteLivedIntangibleAssetsExcludingGoodwill $4.10B USD Point-in-time
Intangibles, net IndefiniteLivedIntangibleAssetsExcludingGoodwill $4.03B USD Point-in-time
Investment in unconsolidated affiliate EquityMethodInvestments $402.00M USD Point-in-time
Investment in unconsolidated affiliate EquityMethodInvestments $386.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $55.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $62.00M USD Point-in-time
Total assets Assets $23.16B USD Point-in-time
Total assets Assets $23.05B USD Point-in-time
Accounts payable AccountsPayableCurrent $628.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $656.00M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.99B USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $2.10B USD Point-in-time
Billings in excess of costs BillingsInExcessOfCost $571.00M USD Point-in-time
Billings in excess of costs BillingsInExcessOfCost $511.00M USD Point-in-time
Current portion of long-term debt and short-term borrowings DebtCurrent $203.00M USD Point-in-time
Current portion of long-term debt and short-term borrowings DebtCurrent $373.00M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $468.00M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $284.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesCurrent $451.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesCurrent $429.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.54B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.13B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $514.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $512.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.83B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.89B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $253.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $279.00M USD Point-in-time
Total liabilities Liabilities $7.19B USD Point-in-time
Total liabilities Liabilities $6.75B USD Point-in-time
Common stock - par value $.01; 422,957,697 and 421,141,751 shares issued and outstanding at March 31, 2011 and December 31, 2010 CommonStockValue $4.00M USD Point-in-time
Common stock - par value $.01; 422,957,697 and 421,141,751 shares issued and outstanding at March 31, 2011 and December 31, 2010 CommonStockValue $4.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $8.35B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $8.43B USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $192.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $91.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $7.30B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $7.66B USD Point-in-time
Total Company stockholders' equity StockholdersEquity $16.29B USD Point-in-time
Total Company stockholders' equity StockholdersEquity $15.75B USD Point-in-time
Noncontrolling interests MinorityInterest $112.00M USD Point-in-time
Noncontrolling interests MinorityInterest $114.00M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $16.40B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.86B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $23.05B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $23.16B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Revenue SalesRevenueNet $3.03B USD 1 Quarter
Revenue SalesRevenueNet $3.15B USD 1 Quarter
Cost of revenue CostOfGoodsAndServicesSold $2.07B USD 1 Quarter
Cost of revenue CostOfGoodsAndServicesSold $2.17B USD 1 Quarter
Gross profit GrossProfit $962.00M USD 1 Quarter
Gross profit GrossProfit $975.00M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $366.00M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $325.00M USD 1 Quarter
Operating profit OperatingIncomeLoss $609.00M USD 1 Quarter
Operating profit OperatingIncomeLoss $637.00M USD 1 Quarter
Interest and financial costs InterestExpense $13.00M USD 1 Quarter
Interest and financial costs InterestExpense $14.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $2.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $4.00M USD 1 Quarter
Equity income in unconsolidated affiliate IncomeLossFromEquityMethodInvestments $13.00M USD 1 Quarter
Equity income in unconsolidated affiliate IncomeLossFromEquityMethodInvestments $6.00M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-16.00M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-19.00M USD 1 Quarter
Income before income taxes IncomeBeforeIncomeTaxes $593.00M USD 1 Quarter
Income before income taxes IncomeBeforeIncomeTaxes $616.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $197.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $189.00M USD 1 Quarter
Net income ProfitLoss $419.00M USD 1 Quarter
Net income ProfitLoss $404.00M USD 1 Quarter
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-3.00M USD 1 Quarter
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-3.00M USD 1 Quarter
Net income attributable to Company NetIncomeLoss $422.00M USD 1 Quarter
Net income attributable to Company NetIncomeLoss $407.00M USD 1 Quarter
Basic EarningsPerShareBasic $1.01 USD 1 Quarter
Basic EarningsPerShareBasic $0.97 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.01 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.96 USD 1 Quarter
Cash dividends per share CommonStockDividendsPerShareCashPaid $0.11 USD 1 Quarter
Cash dividends per share CommonStockDividendsPerShareCashPaid $0.10 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 420.00M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 417.00M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 423.00M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 419.00M shares 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $419.00M USD 1 Quarter
Net income ProfitLoss $404.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $135.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $127.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $85.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $95.00M USD 1 Quarter
Equity income in unconsolidated affiliate IncomeLossFromEquityMethodInvestments $13.00M USD 1 Quarter
Equity income in unconsolidated affiliate IncomeLossFromEquityMethodInvestments $6.00M USD 1 Quarter
Other, net AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther $12.00M USD 1 Quarter
Other, net AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther $53.00M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $321.00M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-74.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $200.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-67.00M USD 1 Quarter
Costs in excess of billings CostsInExcessOfBillings $-178.00M USD 1 Quarter
Costs in excess of billings CostsInExcessOfBillings $70.00M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $51.00M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-13.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-46.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $15.00M USD 1 Quarter
Billings in excess of costs BillingsInExcessOfCosts $409.00M USD 1 Quarter
Billings in excess of costs BillingsInExcessOfCosts $-60.00M USD 1 Quarter
Other assets/liabilities, net IncreaseDecreaseInOtherOperatingCapitalNet $104.00M USD 1 Quarter
Other assets/liabilities, net IncreaseDecreaseInOtherOperatingCapitalNet $231.00M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-25.00M USD 1 Quarter
Net cash (used in) 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
Business acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $51.00M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-7.00M 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 $-123.00M USD 1 Quarter
Repayments on debt RepaymentsOfLongTermDebt $170.00M USD 1 Quarter
Repayments on debt RepaymentsOfLongTermDebt $2.00M USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock $42.00M USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock $46.00M USD 1 Quarter
Proceeds from stock options exercised ProceedsFromStockOptionsExercised $5.00M USD 1 Quarter
Proceeds from stock options exercised ProceedsFromStockOptionsExercised $58.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $3.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $14.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-144.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-36.00M USD 1 Quarter
Effect of exchange rates on cash EffectOfExchangeRateOnCashAndCashEquivalents $-8.00M USD 1 Quarter
Effect of exchange rates on cash EffectOfExchangeRateOnCashAndCashEquivalents $19.00M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-273.00M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-14.00M 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 $2.62B USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $3.06B USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $3.33B 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 $2.62B USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $3.06B USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $3.33B USD Point-in-time
Interest InterestPaidNet $11.00M USD 1 Quarter
Interest InterestPaidNet $12.00M USD 1 Quarter
Income taxes IncomeTaxesPaidNet $101.00M USD 1 Quarter
Income taxes IncomeTaxesPaidNet $266.00M USD 1 Quarter

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

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