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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ (253) $ 100
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 26 14
Deferred income taxes (89)  
Stock-based compensation 19 10
(Gain) loss on disposal of property, plant, and equipment (2) 2
Provision for doubtful accounts 21 1
Provision for inventory 36 6
Impairment of goodwill 255  
Other, net   1
Change in operating assets and liabilities, net of acquisitions:    
Receivables 316 (246)
Inventories 183 (61)
Prepaid and other current assets 15 (6)
Accounts payable and accrued liabilities (281) 211
Accrued or prepaid income taxes 3 4
Other assets / liabilities, net (5) (6)
Net cash provided by operating activities 244 30
Cash flows from investing activities:    
Purchases of property, plant and equipment (8) (32)
Business acquisitions, net of cash acquired (397)  
Proceeds from disposition of property, plant and equipment 3  
Other, net   8
Net cash used in investing activities (402) (24)
Cash flows from financing activities:    
Net contributions from National Oilwell Varco, Inc. ("NOV")   74
Borrowing from the revolving credit facility 120  
Payments related to taxes withheld on stock-based compensation (2)  
Net cash provided by financing activities 118 74
Effect of exchange rates on cash and cash equivalents (29) (15)
Net change in cash and cash equivalents (69) 65
Cash and cash equivalents, beginning of period 195 101
Cash and cash equivalents, end of period 126 166
Supplemental disclosures of cash flow information:    
Income taxes paid, net 7 50
Interest paid 2  
Non-cash investing and financing activities:    
Contributed property, plant and equipment, net   4
Accrued purchases of property, plant and equipment $ 1 $ 1