For the quarter ending 2026-03-31, NOV had -$210M decrease in cash & cash equivalents over the period. -$91M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 20 | -81 | 44 | 114 |
| Depreciation and amortization | 92 | 90 | 89 | 87 |
| Goodwill and long-lived asset impairment | - | 70 | - | - |
| Deferred income taxes | 4 | 54 | 25 | -23 |
| Equity (income) loss in unconsolidated affiliates | - | -6 | -11 | 1 |
| Dividend from unconsolidated affiliate | - | 1 | 1 | - |
| Stock-based compensation | 26 | 17 | 17 | 17 |
| Other, net | -21 | 0 | -37 | -38 |
| Receivables | -38 | -168 | -30 | 118 |
| Inventories | 91 | -74 | -41 | -3 |
| Contract assets | 37 | 20 | -79 | -25 |
| Prepaid and other current assets | 35 | -50 | 6 | 0 |
| Accounts payable | 22 | 33 | -25 | 27 |
| Accrued liabilities | -106 | 60 | 12 | 45 |
| Contract liabilities | 10 | 0 | 52 | -7 |
| Income taxes payable | -22 | 49 | -12 | -21 |
| Other assets/liabilities, net | -32 | -2 | 43 | -5 |
| Net cash provided by (used in) operating activities | -26 | 573 | 352 | 191 |
| Purchases of property, plant and equipment | 65 | 101 | 107 | 83 |
| Other | -1 | -5 | -3 | -2 |
| Net cash used in investing activities | -64 | -96 | -104 | -81 |
| Borrowings against lines of credit and other debt | - | 1 | 2 | - |
| Payments against lines of credit and other debt | 4 | 9 | 4 | 9 |
| Cash dividends paid | 33 | 27 | 28 | 107 |
| Share repurchases | 67 | 85 | 80 | 69 |
| Financing leases | 8 | 8 | 6 | 7 |
| Other | -3 | -5 | -2 | -6 |
| Net cash used in financing activities | -115 | -133 | -118 | -198 |
| Effect of exchange rates on cash | -5 | 1 | -3 | 11 |
| Decrease in cash and cash equivalents | -210 | 345 | 127 | -77 |
| Cash and cash equivalents, beginning of period | 1,552 | 1,207 | 1,080 | 1,157 |
| Cash and cash equivalents, end of period | 1,342 | 1,552 | 1,207 | 1,080 |
NOV Inc. (NOV)
NOV Inc. (NOV)