NOV FY 2012 Earnings Report — NOV Inc. Revenue & Financial Results | Market Cap Arena

FY 2012 Earnings

Reported February 22, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$17.2B	—	$14.7B	—	17.3%
Op. Income	$3.4B	—	$2.9B	—	15.4%
Gross Margin	29.3%	—	30.7%	—	-1.3pp
Net Margin	14.5%	—	13.6%	—	0.9pp
EPS (Diluted)	$5.83	—	$4.70	—	24.0%
Free Cash Flow	$37M	—	$1.7B	—	-97.8%

Revenue Flow

Item	Amount
REVENUE	$17.2B
Cost of Revenue	$12.2B
GROSS PROFIT	$5.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$13.8B
OPERATING INCOME	$3.4B
Interest Income	$10M
Interest Expense	$49M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$965M
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$108M
Other Adjustments	$0
NET INCOME	$2.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.5B
D&A	$616M
EBIT	$3.4B
EBITDA	$4.0B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$17.2B
Cost of Revenue	$12.2B
GROSS PROFIT	$5.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$13.8B
OPERATING INCOME	$3.4B
Interest Income	$10M
Interest Expense	$49M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$965M
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$108M
Other Adjustments	$0
NET INCOME	$2.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.5B
D&A	$616M
EBIT	$3.4B
EBITDA	$4.0B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$2.5B
Depreciation & Amortization	$628M
Stock-Based Compensation	$80M
Deferred Income Tax	-$97M
Other Non-Cash Items	$62M
Change in Working Capital	-$2.5B
OPERATING CASH FLOW	$620M
Capital Expenditure	-$583M
Acquisitions (Net)	-$2.9B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$35M
NET CASH FROM INVESTING	-$3.4B
Net Debt Issuance	$2.6B
Common Stock Repurchased	$0
Common Dividends Paid	-$209M
Other Financing Activities	$154M
NET CASH FROM FINANCING	$2.6B
FREE CASH FLOW	$37M
Net Change in Cash	-$216M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.3B
Short-Term Investments	$0
Net Receivables	$5.5B
Inventory	$5.9B
Other Current Assets	$349M
TOTAL CURRENT ASSETS	$15.7B
PP&E (Net)	$2.9B
Goodwill	$7.2B
Intangible Assets	$4.7B
Long-Term Investments	$393M
Tax Assets	$413M
Other Non-Current Assets	$140M
TOTAL NON-CURRENT ASSETS	$15.8B
TOTAL ASSETS	$31.5B
Account Payables	$1.2B
Short-Term Debt	$1M
Deferred Revenue	$1.2B
Other Current Liabilities	$862M
TOTAL CURRENT LIABILITIES	$5.6B
Long-Term Debt	$3.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.0B
Other Non-Current Liabilities	$334M
TOTAL NON-CURRENT LIABILITIES	$5.5B
TOTAL LIABILITIES	$11.1B
Common Stock	$4M
Additional Paid-In Capital	$8.7B
Retained Earnings	$11.4B
Treasury Stock	$0
Accum. Other Comp. Income	$107M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$20.2B
Minority Interest	$117M
TOTAL EQUITY	$20.4B
TOTAL LIABILITIES & EQUITY	$31.5B
Total Debt	$3.1B
Net Debt	-$170M