National Oilwell Varco Inc: (NYSE: NOV)

Zacks Rank: 5-Strong Sell

Balance Sheet

Annual Balance Sheet

Fiscal Year End for NATL OILWELL VR falls in the month of December.

All items in Millions except Per Share data.

	12/31/12	12/31/11	12/31/10	12/31/09	12/31/08
Assets
Cash & Equivalents	3,319	3,535	3,333	2,622	1,543
Receivables	4,320	3,291	2,425	2,187	3,136
Notes Receivable	0	0	0	0	0
Inventories	5,891	4,030	3,388	3,490	3,806
Other Current Assets	2,148	1,254	1,389	1,299	1,173
Total Current Assets	15,678	12,110	10,535	9,598	9,657
Net Property & Equipment	2,945	2,445	1,840	1,836	1,677
Investments & Advances	393	391	386	393	421
Other Non-Current Assets	0	0	0	0	0
Deferred Charges	413	267	341	92	126
Intangibles	11,915	10,224	9,893	9,541	9,525
Deposits & Other Assets	140	78	55	72	73
Total Assets	31,484	25,515	23,050	21,532	21,479

Liabilities & Shareholders Equity	12/31/12	12/31/11	12/31/10	12/31/09	12/31/08
Notes Payable	0	0	0	0	0
Accounts Payable	1,200	901	628	584	852
Current Portion Long-Term Debt	1	351	373	7	4
Current Portion Capital Leases	0	0	0	0	0
Accrued Expenses	2,571	2,376	2,105	2,267	2,376
Income Taxes Payable	688	923	919	226	230
Other Current Liabilities	1,189	865	511	1,090	2,161
Total Current Liabilities	5,649	5,416	4,536	4,174	5,624
Mortgages	0	0	0	0	0
Deferred Taxes/Income	1,997	1,852	1,885	2,091	2,134
Convertible Debt	0	0	0	0	0
Long-Term Debt	3,148	159	514	876	870
Non-Current Capital Leases	0	0	0	0	0
Other Non-Current Liabilities	334	360	253	163	128
Minority Interest (Liabilities)	0	0	0	0	96
Total Liabilities	11,128	7,787	7,188	7,304	8,851

Shareholders Equity	12/31/12	12/31/11	12/31/10	12/31/09	12/31/08
Preferred Stock	0	0	0	0	0
Common Stock (Par)	4	4	4	4	4
Capital Surplus	8,743	8,535	8,353	8,214	7,989
Retained Earnings	11,385	9,103	7,300	5,805	4,796
Other Equity	224	86	205	205	-162
Treasury Stock	0	0	0	0	0
Total Shareholder's Equity	20,356	17,728	15,862	14,228	12,628
Total Liabilities & Shareholder's Equity	31,484	25,515	23,050	21,532	21,479
Total Common Equity	20,356	17,728	15,862	14,228	12,628
Shares Outstanding	426.90	423.80	419.60	418.30	417.30
Book Value Per Share	47.68	41.83	37.80	34.01	30.26

Fiscal Year End for NATL OILWELL VR falls in the month of December.

All items in Millions except Per Share data.

	03/31/13	12/31/12	09/30/12	06/30/12	03/31/12
Assets
Cash & Equivalents	2,441	3,319	1,702	1,917	3,390
Receivables	4,279	4,320	4,033	3,860	3,330
Notes Receivable	0	0	0	0	0
Inventories	6,135	5,891	5,989	5,501	4,528
Other Current Assets	2,139	2,148	1,943	1,736	1,588
Total Current Assets	14,994	15,678	13,667	13,014	12,836
Net Property & Equipment	3,215	2,945	2,818	2,700	2,531
Investments & Advances	410	393	370	365	409
Other Non-Current Assets	0	0	0	0	0
Deferred Charges	395	413	320	238	204
Intangibles	14,404	11,915	11,371	11,429	10,210
Deposits & Other Assets	138	140	116	87	97
Total Assets	33,556	31,484	28,662	27,833	26,287

Liabilities & Shareholders Equity	03/31/13	12/31/12	09/30/12	06/30/12	03/31/12
Notes Payable	0	0	0	0	0
Accounts Payable	1,283	1,200	1,365	1,265	1,009
Current Portion Long-Term Debt	0	1	354	1,289	351
Current Portion Capital Leases	0	0	0	0	0
Accrued Expenses	2,468	2,571	2,363	2,421	2,172
Income Taxes Payable	702	688	562	431	948
Other Current Liabilities	1,093	1,189	1,037	1,075	965
Total Current Liabilities	5,546	5,649	5,681	6,481	5,445
Mortgages	0	0	0	0	0
Deferred Taxes/Income	2,543	1,997	1,802	1,935	1,847
Convertible Debt	0	0	0	0	0
Long-Term Debt	4,349	3,148	1,175	159	159
Non-Current Capital Leases	0	0	0	0	0
Other Non-Current Liabilities	439	334	321	327	316
Minority Interest (Liabilities)	0	0	0	0	0
Total Liabilities	12,877	11,128	8,979	8,902	7,767

Shareholders Equity	03/31/13	12/31/12	09/30/12	06/30/12	03/31/12
Preferred Stock	0	0	0	0	0
Common Stock (Par)	4	4	4	4	4
Capital Surplus	8,772	8,743	8,718	8,673	8,650
Retained Earnings	11,831	11,385	10,773	10,212	9,658
Other Equity	72	224	188	42	208
Treasury Stock	0	0	0	0	0
Total Shareholder's Equity	20,679	20,356	19,683	18,931	18,520
Total Liabilities & Shareholder's Equity	33,556	31,484	28,662	27,833	26,287
Total Common Equity	20,679	20,356	19,683	18,931	18,520
Shares Outstanding	426.60	426.90	426.40	426.20	424.20
Book Value Per Share	48.47	47.68	46.16	44.42	43.66