(In millions)

2018

2019

2020

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

2017

2018

2019

2020

Revenue:

Wellbore Technologies

711

793

847

884

807

850

793

764

691

442

361

373

2,577

3,235

3,214

1,867

Completion & Production Solutions

670

738

735

788

581

663

728

799

675

611

601

546

2,672

2,931

2,771

2,433

Rig Technologies

483

651

637

804

603

671

649

759

557

476

449

437

2,252

2,575

2,682

1,919

Eliminations

(69)

(76)

(65)

(78)

(51)

(52)

(44)

(41)

(40)

(33)

(27)

(29)

(197)

(288)

(188)

(129)

Total

1,795

2,106

2,154

2,398

1,940

2,132

2,126

2,281

1,883

1,496

1,384

1,327

7,304

8,453

8,479

6,090

Adjusted EBITDA:

Wellbore Technologies

103

133

135

155

117

134

133

143

103

42

21

12

305

526

527

178

Completion & Production Solutions

73

94

99

112

28

52

82

96

71

68

63

28

346

378

258

230

Rig Technologies

45

84

78

102

56

74

105

112

56

14

28

19

203

309

347

117

Eliminations and corporate costs

(61)

(85)

(67)

(90)

(61)

(65)

(58)

(63)

(52)

(40)

(41)

(42)

(243)

(303)

(247)

(175)

Total

160

226

245

279

140

195

262

288

178

84

71

17

611

910

885

350

Adjusted EBITDA %:

Wellbore Technologies

14.5%

16.8%

15.9%

17.5%

14.5%

15.8%

16.8%

18.7%

14.9%

9.5%

5.8%

3.2%

11.8%

16.3%

16.4%

9.5%

Completion & Production Solutions

10.9%

12.7%

13.5%

14.2%

4.8%

7.8%

11.3%

12.0%

10.5%

11.1%

10.5%

5.1%

12.9%

12.9%

9.3%

9.5%

Rig Technologies

9.3%

12.9%

12.2%

12.7%

9.3%

11.0%

16.2%

14.8%

10.1%

2.9%

6.2%

4.3%

9.0%

12.0%

12.9%

6.1%

Eliminations and corporate costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NOV consolidated

8.9%

10.7%

11.4%

11.6%

7.2%

9.1%

12.3%

12.6%

9.5%

5.6%

5.1%

1.3%

8.4%

10.8%

10.4%

5.7%

Completion & Production Solutions:

Ending Backlog

$ 1,010

$ 955

$ 880

$ 894

$ 1,041

$ 1,215

$ 1,298

$ 1,305

$ 1,185

$ 1,000

$ 789

$ 696

$ 1,066

$ 894

$ 1,305

$ 696

Revenue out of backlog

384

418

439

456

316

379

431

499

416

388

394

328

1,541

1,697

1,625

1,526

Order Additions, net

324

398

372

470

470

548

535

502

335

196

169

215

1,788

1,564

2,055

915

FX Adjustment

4

(35)

(8)

-

(7)

5

(21)

4

(39)

7

14

20

1

(39)

(19)

2

Rig Technologies:

Ending Backlog

$ 2,046

$ 3,514

$ 3,401

$ 3,117

$ 3,142

$ 3,168

$ 3,143

$ 2,994

$ 2,932

$ 2,787

$ 2,660

$ 2,669

$ 1,888

$ 3,117

$ 2,994

$ 2,669

Adoption of Revenue Recognition standard

110

-

-

-

-

-

-

-

-

-

-

-

-

110

-

-

Revenue out of backlog

153

276

256

403

246

284

246

360

208

219

199

181

998

1,088

1,136

807

Order Additions, net

201

2,026

151

119

271

310

221

211

146

74

57

190

495

2,497

1,013

467

Deductions from backlog

-

282

-

-

-

-

-

-

-

-

-

-

101

282

-

-

FX Adjustment

-

-

(8)

-

-

-

-

-

-

-

15

-

4

(8)

-

15

2018

2019

2020

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

2017

2018

2019

2020

Other items excluded from Adjusted EBITDA:

Wellbore Technologies

$ (3)

$ -

$ -

$ 24

$ (2)

$ 3,345

$ 41

$ 410

$ 715

$ 62

$ 26

$ 46

$ 28

$ 21

$ 3,794

$ 849

Completion & Production Solutions

3

-

-

(3)

11

1,939

79

13

1,054

12

23

43

33

-

2,042

1,132

Rig Technologies

6

-

-

-

2

474

194

114

238

20

12

132

129

6

784

402

Eliminations and corporate costs

(18)

-

-

-

-

11

-

-

16

8

1

15

-

(18)

11

40

Total

(12)

-

-

21

11

5,769

314

537

2,023

102

62

236

190

9

6,631

2,423

Proforma Selected Financial Data - Tear Sheet

FINAL

2/4/2021 4:30PM

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National Oilwell Varco Inc. published this content on 04 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2021 23:11:07 UTC.