NOV Financial Report - 2023 Q4

Executive Summary

The financial report for NOV (National Oilwell Varco) Q4 2023 showcases a robust performance, with total revenue reaching $2.34 billion and a gross profit of $497 million. This resulted in a healthy gross profit margin of 21.21%. The company reported strong operating income of $161 million and a net income of $598 million, with an impressive earnings per share (EPS) of $1.52.

The cash flow analysis reveals an operating cash flow and free cash flow of $215 million each, indicating effective cash generation from operational activities. Additionally, the net change in cash for the period was $215 million, reflecting financial stability.

The balance sheet indicates impressive total assets of $11.29 billion, with total liabilities and stockholders' equity amounting to $5.05 billion and $6.24 billion, respectively. The company maintains a net debt of $1.56 billion, demonstrating sound financial management.

Financial Performance Overview