NOV Inc. Files Q2 2024 10-Q Report
Ticker: NOV · Form: 10-Q · Filed: 2024-07-29T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, oil-gas
TL;DR
NOV Inc. 10-Q filed: Q2 2024 financials out, showing lease liabilities and retained earnings.
AI Summary
NOV Inc. filed its 10-Q for the period ending June 30, 2024, reporting on its financial performance. The filing details various financial aspects, including lease liabilities and retained earnings, for the company which operates in the Oil & Gas Field Machinery & Equipment sector.
Why It Matters
This filing provides investors and analysts with a detailed look at NOV Inc.'s financial health and operational performance during the second quarter of 2024.
Risk Assessment
Risk Level: medium — Quarterly filings like this 10-Q are standard for public companies, but the specific financial details within can reveal underlying risks or strengths.
Key Numbers
- 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 20240729 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- NOV Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 760475815 (dollar_amount) — IRS Number
- 346-223-3000 (dollar_amount) — Business Phone Number
- NATIONAL OILWELL VARCO INC (company) — Former Company Name
- 20050311 (date) — Date of Former Company Name Change
FAQ
What is the primary business of NOV Inc. according to the filing?
NOV Inc. is primarily involved in the Oil & Gas Field Machinery & Equipment industry, as indicated by its Standard Industrial Classification code [3533].
What is the fiscal year end for NOV Inc.?
The fiscal year end for NOV Inc. is December 31 (1231).
When was NOV Inc. formerly known as NATIONAL OILWELL VARCO INC?
The company changed its name from NATIONAL OILWELL VARCO INC on March 11, 2005 (20050311).
What is the business address of NOV Inc.?
The business address for NOV Inc. is 10353 RICHMOND AVE., HOUSTON, TX 77042.
What specific financial statement items are referenced in the filing's metadata?
The filing metadata references items such as Lease Liabilities (Current and NonCurrent), Retained Earnings, Noncontrolling Interest, and Intersubsegment Eliminations.
From the Filing
0000950170-24-087179.txt : 20240729 0000950170-24-087179.hdr.sgml : 20240729 20240729121424 ACCESSION NUMBER: 0000950170-24-087179 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 77 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240729 DATE AS OF CHANGE: 20240729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NOV Inc. CENTRAL INDEX KEY: 0001021860 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] ORGANIZATION NAME: 06 Technology IRS NUMBER: 760475815 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-12317 FILM NUMBER: 241150296 BUSINESS ADDRESS: STREET 1: 10353 RICHMOND AVE. CITY: HOUSTON STATE: TX ZIP: 77042 BUSINESS PHONE: 346-223-3000 MAIL ADDRESS: STREET 1: 10353 RICHMOND AVE. CITY: HOUSTON STATE: TX ZIP: 77042 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL OILWELL VARCO INC DATE OF NAME CHANGE: 20050311 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL OILWELL INC DATE OF NAME CHANGE: 19960829 10-Q 1 nov-20240630.htm 10-Q 10-Q false --12-31 0001021860 Q2 P6M P1Y P1Y http://www.nov.com/20240630#LeaseLiabilitiesCurrent http://www.nov.com/20240630#LeaseLiabilitiesCurrent http://www.nov.com/20240630#LeaseLiabilitiesCurrent http://www.nov.com/20240630#LeaseLiabilitiesCurrent http://www.nov.com/20240630#LeaseLiabilitiesNonCurrent http://www.nov.com/20240630#LeaseLiabilitiesNonCurrent http://www.nov.com/20240630#LeaseLiabilitiesNonCurrent http://www.nov.com/20240630#LeaseLiabilitiesNonCurrent 0001021860 nov:LandAndOffshoreMember nov:LandDestinationMember 2024-01-01 2024-06-30 0001021860 us-gaap:RoyaltyMember 2024-04-01 2024-06-30 0001021860 us-gaap:NoncontrollingInterestMember 2023-12-31 0001021860 us-gaap:RetainedEarningsMember 2023-04-01 2023-06-30 0001021860 us-gaap:ParentMember 2022-12-31 0001021860 nov:PoleProductsBusinessMember 2024-04-01 2024-06-30 0001021860 us-gaap:IntersubsegmentEliminationsMember us-gaap:IntersegmentEliminationMember nov:LandAndOffshoreMember 2024-04-01 2024-06-30 0001021860 us-gaap:NondesignatedMember us-gaap:ForeignExchangeContractMember us-gaap:AccruedLiabilitiesMember 2023-12-31 0001021860 us-gaap:IntersubsegmentEliminationsMember nov:EnergyProductsAndServicesMember us-gaap:OperatingSegmentsMember nov:ContinentalMember 2024-04-01 2024-06-30 0001021860 us-gaap:NoncontrollingInterestMember 2023-06-30 0001021860 2023-04-01 2023-06-30 0001021860 us-gaap:IntersubsegmentEliminationsMember us-gaap:OperatingSegmentsMember nov:LandAndOffshoreMember nov:EnergyEquipmentsMember 2023-01-01 2023-06-30 0001021860 us-gaap:OperatingSegmentsMember nov:EnergyEquipmentsMember nov:ContinentalMember srt:NorthAmericaMember 2023-04-01 2023-06-30 0001021860 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001021860 us-gaap:NoncontrollingInterestMember 2022-12-31 0001021860 nov:ContinentalMember srt:NorthAmericaMember 2023-01-01 2023-06-30 0001021860 us-gaap:RetainedEarningsMember 2024-06-30 0001021860 2024-01-01 2024-06-30 0001021860 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001021860 nov:KeystoneTowerSystemsMember 2024-01-01 2024-06-30 0001021860 nov:InternationalMember nov:ContinentalMember 2023-01-01 2023-06-30 0001021860 nov:LandAndOffshoreMember nov:OffshoreDestinationMember 2024-04-01 2024-06-30 0001021860 us-gaap:IntersubsegmentEliminationsMember us-gaap:OperatingSegmentsMember nov:EnergyProductsAndServicesMember nov:LandAndOffshoreMember 2023-04-01 2023-06-30 0001021860 us-gaap:CommonStockMember 2023-12-31 0001021860 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-06-30 0001021860 nov:NovIncLongTermIncentivePlanMember 2024-06-30 0001021860 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2023-12-31 0001021860 nov:ContinentalMember srt:NorthAmericaMember 2024-01-01 2024-06-30 0001021860 nov:RestrictedStockAndRestrictedStockUnitsMember 2024-05-15 2024-05-15 0001021860 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001021860 u