Revenue out of backlog Order additions, net Adjustments (1)
Rig Technologies: Ending backlog Revenue out of backlog Order additions, net Adjustments (1)
Other items excluded from Adjusted EBITDA (2): Wellbore Technologies
Completion & Production Solutions Rig Technologies
Eliminations and corporate costs Total
2020
2021
2022
Q1
Q2
Q3
Q4
$
691 $ 675 557 (40)
442 $ 611 476 (33)
361 $ 373
601 546
449 437
(27) (29)
$ $
1,883 $ 1,496
$ 1,384
$ 1,327
103 $ 42
$ 21
$ 12
71 56 (52)
68 14 (40)
63 28
28 19
(41) (42)
$
178 $ 84
$ 71
$ 17
14.9%
9.5%
5.8% 3.2%
10.5%
11.1%
10.5% 5.1%
10.1% -
2.9% -
6.2% 4.3%
9.5%
5.6%
- 5.1%
- 1.3%
Q1
Q2
Q3
Q4
$
413 $ 463
$
507 $ 576
439 431 (34)
497 487 (30)
478 549
390 431
(34) (39)
$ $
1,249 $ 1,417
$
1,341
$ 1,517
34 $
(4)
13 (43)
63 4 75 (38)
$
77
$ 88
(5) 2 25 21 (41) (42)
$ -$ 104
$
56 $ 69
8.2%
13.6%
15.2% 15.3%
-0.9%
0.8%
(1.0)% 0.4%
3.0% -
15.4% -
6.4% 4.9%
0.0%
7.3%
- 4.2%
- 4.5%
Q1
2018
2019
2020
2021
2022 3 months
$
3,235 $ 3,214
2,931 2,575 (288)
2,771 2,682 (188)
$ 1,867 2,433 1,919 (129)
$ 1,959
$ 608
1,963 530
1,739 441
(137) (31)
$ $
8,453 $ 8,479
$ 6,090
$ 5,524
$ 1,548
526 $ 527
$ 178
$ 262
$ 101
378 309 (303)
258 347 (247)
230
117 (175)
(3) 10 134 36 (164) (44)
$
910 $ 885
$
350 $ 229
$ 103
16.3%
16.4%
9.5%
13.4% 16.6%
12.9%
9.3%
9.5%
-0.2% 1.9%
12.0% -
12.9% -
6.1% -
7.7% 8.2%
10.8%
10.4%
5.7%
- 4.1%
- 6.7%
$
608 530 441 (31)
$ 1,548
$
101 10 36 (44)
$ 103
16.6%
1.9%
8.2% -
6.7%
$ 1,185
$ 1,000
$ 416
$ 388
$ 335
$ 196
$ (39)
$ 7
$ $ $ $
789 394 169 14
$ 696
$ 328
$ 215
$ 20
$ $ $ $
810 267 338 43
$ 1,003
$ 276
$ 462
$ 7
$ $ $ $
1,107 266 384
$ 1,287
$ 311
$ 495
(14) $ (4)
$ 1,364
$ 308
$ 339
$ 46
$ $ $ $
894 1,697 1,564
$ 1,305
$ 696
$ 1,287
$ 1,364
$ 1,625
$ 1,526
$ 1,120
$ 308
$ 2,055
$ 915
$ 1,679
$ 339
(39)
$ (19)
$ 2
$ 32
$ 46
$ 2,932
$ 2,787
$ 2,660
$ 2,669
$ 208
$ 219
$ 199
$ 181
$ 146
$ 74
$ 57
$ 190
$ -
$ -
$ 15
$
-
$ 2,591
$ 2,655
$ 190
$ 168
$ 112
$ -
$ 232 $ -
$ $ $ $
2,784 158 300 (13)
$ 2,767
$ 188
$ 191
$ (20)
$ 2,893
$ 190
$ 236
$ 80
$ $ $ $
3,117 1,088 2,497 384
$ 2,994
$ 2,669
$ 2,767
$ 2,893
$ 1,136
$ 807
$ 704
$ 190
$ 1,013
$ 467
$ 835
$ 236
$ -
$ 15
$ (33)
$ 80
2020
2021
2022
Q1
Q2
Q3
Q4
$
715 $ 1,054 238 16
62 $ 12 20 8
26 $ 37
23 49
12 154
1 15
$ 2,023
$
102
$
62
$
255
Q1
Q2
Q3
Q4
$
4 $
18 $
7 $ 2
(2)
(6)
7 2
3 2
8 -
8 3
2 1
$ 7
$
20
$
24
$
8
Q1
2018
2019
2020
2021
2022
$ 21 -
$ 3,794
$ 840
$
31 $ 23
2,042
1,138
1 16
6
784
424
22 6
(18)
11
40
5
-$
9
$ 6,631
$ 2,442
$
59
$
45
$
23 16 6 -
$
45
(1) includes adjustments related to FX, cancelations, pricing and other similar items
(2) excludes (gain)/loss on sales of fixed assets for all periods
Proforma Selected Financial Data - Tear Sheet
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NOV Inc. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 21:12:42 UTC.
NOV Inc. is an independent equipment and technology provider to the global energy industry. The Company operates through two segments: Energy Equipment, and Energy Products and Services. Its engineering knowhow, global supply chain management, manufacturing, and energy infrastructure development support provides capabilities to assist customers with energy transition advancement. It is also a geothermal equipment and technology provider, offering an array of tools and equipment specifically designed for the ultra-harsh conditions associated with geothermal development. Additionally, the Company is an equipment and technology provider for purpose-built vessels used to build, install, and maintain offshore wind towers and turbines. The Company is engaged in the development and commercialization of novel products and technologies to improve the efficiencies and economics of land and offshore-based wind, geothermal power generation, and carbon capture and sequestration.
NOV INC. 
