NOV : Fourth Quarter 2020 Segmented Financial Data
February 04, 2021 at 06:12 pm EST
Share
(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.
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.