Overview Financials News + Filings Key Docs Charts Transactions Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| | 10-K | 8-K | 10-K | 8-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Wellbore Technologies | | | | | | 3,214.0 | 3,235.0 | 2,577.0 |
| Completion & Production Solutions | | | | | | 2,771.0 | 2,931.0 | 2,672.0 |
| Rig Technologies | | | | | | 2,682.0 | 2,575.0 | 2,252.0 |
| Total revenues | 7,237.0 | 7,237.0 | 5,524.0 | 5,524.0 | 6,090.0 | 8,479.0 | 8,453.0 | 7,304.0 |
| Revenue growth [+] | 31.0% | 31.0% | -9.3% | | -28.2% | 0.3% | 15.7% | 0.7% |
| Wellbore Technologies | | | | | | -0.6% | 25.5% | |
| Completion & Production Solutions | | | | | | -5.5% | 9.7% | |
| Rig Technologies | | | | | | 4.2% | 14.3% | |
| Cost of goods sold | 5,903.0 | 5,903.0 | 4,750.0 | 4,750.0 | 5,656.0 | 7,634.0 | 7,009.0 | 6,412.0 |
| Gross profit | 1,334.0 | 1,334.0 | 774.0 | 774.0 | 434.0 | 845.0 | 1,444.0 | 892.0 |
| Gross margin | 18.4% | 18.4% | 14.0% | 14.0% | 7.1% | 10.0% | 17.1% | 12.2% |
| Selling, general and administrative | 1,070.0 | 1,070.0 | 908.0 | 908.0 | 968.0 | 1,303.0 | 1,233.0 | 1,169.0 |
| Equity in earnings | 68.0 | 68.0 | -5.0 | -5.0 | -260.0 | -13.0 | -3.0 | -5.0 |
| Other operating expenses | | | | | 1,378.0 | 3,612.0 | | |
| EBITDA [+] | 633.0 | 633.0 | 167.0 | 167.0 | -1,820.0 | -3,550.0 | 898.0 | 416.0 |
| EBITDA growth | 279.0% | 279.0% | -109.2% | | -48.7% | -495.3% | 115.9% | -155.0% |
| EBITDA margin | 8.7% | 8.7% | 3.0% | 3.0% | -29.9% | -41.9% | 10.6% | 5.7% |
| Depreciation | 250.0 | 301.0 | 263.0 | 306.0 | 352.0 | 533.0 | 690.0 | 698.0 |
| EBITA | 383.0 | 332.0 | -96.0 | -139.0 | -2,172.0 | -4,083.0 | 208.0 | -282.0 |
| EBITA margin | 5.3% | 4.6% | -1.7% | -2.5% | -35.7% | -48.2% | 2.5% | -3.9% |
| Amortization of intangibles | 51.0 | | 43.0 | | | | | |
| EBIT [+] | 332.0 | 332.0 | -139.0 | -139.0 | -2,172.0 | -4,083.0 | 208.0 | -282.0 |
| EBIT growth | -338.8% | -338.8% | -93.6% | | -46.8% | -2063.0% | -173.8% | -80.7% |
| EBIT margin | 4.6% | 4.6% | -2.5% | -2.5% | -35.7% | -48.2% | 2.5% | -3.9% |
| Non-recurring items [+] | | | | | 513.0 | 2,209.0 | | |
| Asset impairment | | | | | 513.0 | 2,209.0 | | |
| Interest expense, net [+] | 59.0 | 59.0 | 68.0 | 68.0 | 77.0 | 80.0 | 68.0 | 77.0 |
| Interest expense | 78.0 | 59.0 | 77.0 | 68.0 | 84.0 | 100.0 | 93.0 | 102.0 |
| Interest income | 19.0 | | 9.0 | | 7.0 | 20.0 | 25.0 | 25.0 |
| Other income (expense), net | -35.0 | -35.0 | -23.0 | -23.0 | -17.0 | -90.0 | -99.0 | -33.0 |
| Pre-tax income | 238.0 | 238.0 | -230.0 | -230.0 | -2,779.0 | -6,462.0 | 41.0 | -392.0 |
| Income taxes | 83.0 | 83.0 | 15.0 | 15.0 | -242.0 | -369.0 | 63.0 | -156.0 |
| Tax rate | 34.9% | 34.9% | | | 8.7% | 5.7% | 153.7% | 39.8% |
| Minority interest | | | 5.0 | 5.0 | 5.0 | 2.0 | 9.0 | 1.0 |
| Net income | 155.0 | 155.0 | -250.0 | -245.0 | -2,542.0 | -6,095.0 | -31.0 | -237.0 |
| Net margin | 2.1% | 2.1% | -4.5% | -4.4% | -41.7% | -71.9% | -0.4% | -3.2% |
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| Basic EPS [+] | $0.40 | $0.40 | ($0.65) | ($0.63) | ($6.62) | ($15.96) | ($0.08) | ($0.63) |
| Growth | -161.4% | -162.6% | -90.2% | | -58.5% | 19355.4% | -87.0% | -90.2% |
| Diluted EPS [+] | $0.39 | $0.39 | ($0.65) | ($0.63) | ($6.62) | ($15.96) | ($0.08) | ($0.63) |
| Growth | -160.7% | -162.0% | -90.2% | | -58.5% | 19355.4% | -87.0% | -90.2% |
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| Dividends per share [+] | $0.20 | $0.20 | $0.05 | $0.05 | $0.05 | $0.20 | $0.20 | $0.20 |
| Growth | 300.0% | 286.0% | 0.0% | | -75.0% | 0.0% | 0.0% | -67.2% |
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| Shares outstanding (basic) [+] | 390.0 | 390.0 | 386.0 | 386.0 | 384.0 | 382.0 | 378.0 | 377.0 |
| Growth | 1.0% | 1.0% | 0.5% | | 0.5% | 1.1% | 0.3% | 0.3% |
| Shares outstanding (diluted) [+] | 394.0 | 394.0 | 386.0 | 386.0 | 384.0 | 382.0 | 378.0 | 377.0 |
| Growth | 2.1% | 2.1% | 0.5% | | 0.5% | 1.1% | 0.3% | 0.3% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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