7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 
      
    		                                             
      cash flows from operating activities:
    		                                             
      net income
    		44,000,000 114,000,000 74,000,000 -43,000,000 -65,000,000 -23,000,000 -114,000,000 -348,000,000 -53,000,000 -87,000,000 -2,049,000,000 -385,000,000 -249,000,000 -5,384,000,000 -75,000,000 15,000,000 573,000,000 528,000,000 480,000,000 404,000,000 437,000,000 404,000,000 399,000,000 419,000,000 391,000,000 387,000,000 222,000,000 473,000,000 585,000,000 547,700,000 421,700,000 397,600,000 376,700,000 366,000,000 318,500,000 275,900,000 239,200,000 176,600,000 147,900,000 120,300,000 101,600,000 88,500,000 61,200,000 35,600,000 50,020,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                             
      depreciation and amortization
    		89,000,000 87,000,000 89,000,000 75,000,000 75,000,000 77,000,000 79,000,000 82,000,000 83,000,000 82,000,000 105,000,000 100,000,000 102,000,000 154,000,000 177,000,000 171,000,000 142,000,000 140,000,000 138,000,000 135,000,000 129,000,000 127,000,000 124,000,000 127,000,000 126,000,000 126,000,000 122,000,000 116,000,000 117,500,000 116,200,000 106,400,000 61,500,000 58,500,000 56,400,000 51,900,000 47,300,000 41,900,000 41,600,000 38,700,000 38,400,000 28,500,000 34,800,000 35,000,000 16,300,000 11,205,000 
      deferred income taxes
    		25,000,000 -23,000,000 37,000,000 9,000,000 9,000,000 -6,000,000 -1,000,000 7,000,000 -8,000,000 -2,000,000 -62,000,000 -59,000,000 2,000,000 -360,000,000 -9,000,000 -78,000,000 -173,000,000 -170,000,000 -104,000,000 95,000,000                          
      equity (income) loss in unconsolidated affiliates
    		                                             
      dividend from unconsolidated affiliate
    		                -32,000,000 0   0 0   0 0   0 0                
      stock-based compensation
    		17,000,000 17,000,000 16,000,000                                           
      gain on business divestiture
    		                                             
      other
    		37,000,000 38,000,000 13,000,000 -55,000,000 27,000,000 19,000,000 25,000,000 -77,000,000 22,000,000 26,000,000 45,000,000 -109,000,000 50,000,000 40,000,000 35,000,000 -136,000,000 -1,000,000 37,000,000 21,000,000 12,000,000 106,000,000 24,000,000 -133,000,000 138,000,000 -46,000,000 -48,000,000   200,000 -14,000,000 -10,800,000 24,100,000 2,200,000 43,600,000 6,000,000 12,000,000 49,400,000 -3,300,000 11,200,000 1,100,000 -1,900,000 24,000,000 -5,200,000 1,800,000  
      change in operating assets and liabilities, net of acquisitions:
    		                                             
      receivables
    		30,000,000 -118,000,000 142,000,000 -31,000,000 -22,000,000 6,000,000 -5,000,000 105,000,000 113,000,000 383,000,000 -27,000,000 -63,000,000 194,000,000 -182,000,000 326,000,000 -109,000,000 -50,000,000 -267,000,000 -58,000,000 -321,000,000 49,000,000 -33,000,000 -279,000,000 74,000,000 54,000,000 389,000,000 363,000,000 227,000,000 -29,700,000 -88,800,000 -354,400,000 -153,000,000 70,800,000 -271,600,000 -194,100,000 -69,900,000 -186,600,000 -126,800,000 -63,400,000 -65,300,000 -161,600,000 -122,700,000 10,300,000 -19,900,000 -5,290,000 
      inventories
    		41,000,000 3,000,000 -21,000,000 -41,000,000 -6,000,000 36,000,000 28,000,000 141,000,000 165,000,000 76,000,000 47,000,000 273,000,000 24,000,000 -41,000,000 -152,000,000 186,000,000 -61,000,000 -167,000,000 -163,000,000 -200,000,000 140,000,000 -130,000,000 -38,000,000 67,000,000 365,000,000 28,000,000 114,000,000 -39,000,000 -192,600,000 -153,400,000 -73,000,000 -224,000,000 -337,700,000 -9,600,000 -242,400,000 -167,900,000 -105,800,000 -176,000,000 -182,900,000 -155,200,000 -118,500,000 -40,000,000 -34,800,000 -22,100,000 -53,811,000 
      contract assets
    		79,000,000 25,000,000 -103,000,000 5,000,000 68,000,000 42,000,000 35,000,000 -56,000,000 -41,000,000 132,000,000 -5,000,000 -28,000,000 -22,000,000 -46,000,000 26,000,000 -80,000,000                              
      prepaid and other current assets
    		-6,000,000 0 -3,000,000 3,000,000 21,000,000 -29,000,000 33,000,000 -16,000,000 -4,000,000 33,000,000 9,000,000 4,000,000 -20,000,000 -25,000,000 -4,000,000 64,000,000 34,000,000 32,000,000 -59,000,000 -51,000,000 30,000,000 -9,000,000 -19,000,000 13,000,000 145,000,000 -14,000,000 18,000,000 -126,000,000 160,900,000 -4,600,000 94,500,000 -20,500,000 18,200,000 -85,000,000 -44,400,000 -32,400,000 -8,200,000 -33,200,000 -20,900,000 -39,400,000 8,100,000 -5,900,000 -10,200,000 -600,000 5,506,000 
      accounts payable
    		-25,000,000 27,000,000 -41,000,000 88,000,000 -7,000,000 59,000,000 -22,000,000 14,000,000 -80,000,000 -106,000,000 -54,000,000 1,000,000 13,000,000 16,000,000 -49,000,000 44,000,000 59,000,000 58,000,000 73,000,000 15,000,000 39,000,000 -12,000,000 59,000,000 -46,000,000 23,000,000 -232,000,000 -155,000,000 3,000,000 -105,900,000 179,600,000 -33,800,000 55,400,000 -11,800,000 17,900,000 10,900,000 67,200,000 -393,500,000 78,700,000 183,900,000 37,400,000 91,700,000 -53,100,000 19,900,000 9,600,000 158,063,000 
      accrued liabilities
    		12,000,000 45,000,000 -165,000,000 -8,000,000 -1,000,000 -26,000,000 -62,000,000 17,000,000 47,000,000 -32,000,000 -142,000,000 -12,000,000 -10,000,000 62,000,000 -234,000,000 53,000,000                              
      contract liabilities
    		52,000,000 -7,000,000 28,000,000 -44,000,000 33,000,000 43,000,000 -5,000,000 -18,000,000 -36,000,000 -63,000,000 43,000,000 -27,000,000 -4,000,000 43,000,000 -46,000,000 -112,000,000                              
      income taxes payable
    		-12,000,000 -21,000,000 23,000,000 2,000,000 6,000,000 -23,000,000 -13,000,000 -23,000,000 14,000,000 33,000,000 -15,000,000 33,000,000 8,000,000 -21,000,000 -45,000,000 66,000,000                              
      other assets/liabilities
    		-43,000,000 5,000,000 46,000,000 -49,000,000 -38,000,000 -3,000,000 -33,000,000 47,000,000 63,000,000 -130,000,000 -105,000,000 73,000,000 -13,000,000 -29,000,000 12,000,000 -24,000,000 374,000,000 147,000,000 96,000,000 -231,000,000 -202,000,000 218,000,000 176,000,000 -104,000,000 -342,000,000 535,000,000 -367,000,000 182,000,000 -111,300,000 -255,800,000 -2,500,000 377,900,000 99,500,000 69,100,000 130,900,000 38,100,000 709,000,000 192,200,000 118,800,000 65,000,000 69,300,000 26,400,000 38,400,000 -20,100,000 10,440,000 
      net cash from operating activities
    		352,000,000 191,000,000 135,000,000 36,000,000 105,000,000   186,000,000 323,000,000   473,000,000    221,000,000 622,000,000 634,000,000 912,000,000 -25,000,000 807,000,000 453,000,000 187,000,000 95,000,000 126,000,000 684,000,000 500,000,000 785,000,000 588,400,000 348,900,000 753,500,000 603,300,000 459,700,000 413,200,000 50,900,000 264,200,000         86,498,000 
      capex
    		-107,000,000 -83,000,000 -84,000,000 -64,000,000 -39,000,000   -53,000,000 -49,000,000   -67,000,000    -71,000,000 -166,000,000 -125,000,000 -113,000,000 -79,000,000 -92,000,000 -62,000,000 -47,000,000 -31,000,000 -64,000,000 -43,000,000 -64,000,000 -79,000,000 -114,300,000 -103,800,000 -106,100,000 -54,300,000 -74,400,000 -55,800,000 -73,600,000 -48,000,000         -15,524,000 
      free cash flows
    		245,000,000 108,000,000 51,000,000 -28,000,000 66,000,000   133,000,000 274,000,000   406,000,000    150,000,000 456,000,000 509,000,000 799,000,000 -104,000,000 715,000,000 391,000,000 140,000,000 64,000,000 62,000,000 641,000,000 436,000,000 706,000,000 474,100,000 245,100,000 647,400,000 549,000,000 385,300,000 357,400,000 -22,700,000 216,200,000         70,974,000 
      cash flows from investing activities:
    		                                             
      purchases of property, plant and equipment
    		-107,000,000 -83,000,000 -84,000,000 -64,000,000 -39,000,000 -49,000,000 -49,000,000 -53,000,000 -49,000,000 -56,000,000 -68,000,000 -67,000,000 -69,000,000 -54,000,000 -43,000,000 -71,000,000 -166,000,000 -125,000,000 -113,000,000 -79,000,000 -92,000,000 -62,000,000 -47,000,000 -31,000,000 -64,000,000 -43,000,000 -64,000,000 -79,000,000 -114,300,000 -103,800,000 -106,100,000 -54,300,000 -74,400,000 -55,800,000 -73,600,000 -48,000,000 -61,800,000 -55,900,000 -52,500,000 -30,200,000 -37,200,000 -29,300,000 -28,500,000 -10,000,000 -15,524,000 
      business acquisitions, net of cash acquired
    		           0 -115,000,000 0 -65,000,000 0 -723,000,000 -56,000,000 -208,000,000 -51,000,000 -487,000,000 -7,000,000 -16,000,000 -46,000,000 -181,000,000 -3,000,000   -20,200,000                 
      business divestitures, net of cash disposed
    		                            0 17,000,000                
      net cash from investing activities
    		-104,000,000 -81,000,000 -81,000,000 -94,000,000 -13,000,000 -38,000,000 -51,000,000 16,000,000 -49,000,000 -58,000,000 -53,000,000 -47,000,000 -112,000,000 -49,000,000 -107,000,000 -65,000,000 -882,000,000 -152,000,000 -301,000,000 -123,000,000 -573,000,000 -62,000,000 -43,000,000 -65,000,000 -233,000,000 205,000,000 -445,000,000 -79,000,000 -134,300,000                 
      cash flows from financing activities:
    		                                             
      borrowings against lines of credit and other debt
    		   9,000,000 17,000,000 17,000,000 17,000,000 0 11,000,000            1,000,000    0    2,900,000                 
      payments against lines of credit and other debt
    		-4,000,000 -9,000,000 -4,000,000 0 0   0        -2,000,000         -12,000,000 -1,000,000   -639,600,000 -351,900,000 -1,781,100,000 -147,300,000 -1,900,000 -3,300,000 -4,900,000 -1,500,000 -1,400,000 -2,400,000 -25,600,000 -5,700,000 -87,800,000 -312,200,000    
      cash dividends paid
    		-28,000,000 -107,000,000 -28,000,000     0 0 0 -19,000,000 -19,000,000 -20,000,000 -19,000,000 -19,000,000 -19,000,000  -47,000,000 -47,000,000 -46,000,000  -42,000,000 -42,000,000 -42,000,000                      
      share repurchases
    		-80,000,000 -69,000,000 -81,000,000                                           
      financing leases
    		-6,000,000 -7,000,000 -7,000,000    -7,000,000                                       
      net cash from financing activities
    		-118,000,000 -198,000,000 -135,000,000 -17,000,000 10,000,000 -179,000,000 -3,000,000 -3,000,000 -229,000,000 16,000,000 -43,000,000 -574,000,000 -34,000,000 -19,000,000 -20,000,000 -18,000,000 -66,000,000 -20,000,000 -234,000,000 -144,000,000 21,000,000 -41,000,000 -46,000,000 -36,000,000 -466,000,000 8,000,000 -34,000,000 1,000,000 -642,200,000 -193,300,000    30,000,000 36,700,000 50,200,000   19,100,000 16,300,000      
      effect of exchange rates on cash
    		-3,000,000 11,000,000 8,000,000 -2,000,000 -6,000,000 5,000,000 -4,000,000 8,000,000 -7,000,000 -4,000,000 1,000,000 6,000,000   8,000,000 -4,000,000 -9,000,000 -32,000,000 3,000,000 19,000,000 8,000,000 32,000,000 -18,000,000 -8,000,000 3,000,000 9,000,000 33,000,000 -18,000,000 -34,000,000 -25,600,000 2,900,000 10,900,000  115,000,000 27,500,000 4,200,000  -600,000 8,600,000 1,900,000      
      increase in cash and cash equivalents
    		127,000,000   -77,000,000 96,000,000   207,000,000 38,000,000 332,000,000 -56,000,000    -157,000,000 134,000,000 -335,000,000 430,000,000                            
      cash and cash equivalents, beginning of period
    		0 0 1,230,000,000 0 0 0 1,692,000,000 0 0 0 1,171,000,000 0 0 0 1,427,000,000 0 0 0 0 3,333,000,000 0 0 0 2,622,000,000 0 0 0 1,543,000,000 0 0 0 1,841,800,000 0 0 0 957,400,000 0 0 0 209,400,000 0 0 0 142,700,000  
      cash and cash equivalents, end of period
    		127,000,000 -77,000,000 1,157,000,000 -77,000,000 96,000,000 -35,000,000 1,607,000,000 207,000,000 38,000,000 332,000,000 1,115,000,000 -142,000,000 192,000,000 -149,000,000 1,270,000,000 134,000,000 -335,000,000 430,000,000 380,000,000 3,060,000,000 263,000,000 382,000,000 80,000,000 2,608,000,000 -570,000,000 906,000,000 54,000,000 2,232,000,000 -222,100,000 112,500,000 -487,000,000 2,139,400,000 355,800,000 453,300,000 -157,500,000 1,190,200,000 170,700,000 271,000,000 252,700,000 263,000,000 47,200,000 -160,200,000 27,300,000 295,100,000  
      supplemental disclosures of cash flow information:
    		                                             
      cash payments during the period for:
    		                                             
      interest
    		5,000,000 38,000,000 4,000,000 34,000,000 3,000,000 36,000,000 3,000,000 36,000,000 5,000,000 39,000,000 3,000,000 32,000,000 12,000,000 36,000,000 5,000,000 42,000,000 10,000,000 4,000,000 18,000,000 12,000,000 18,000,000 10,000,000 17,000,000 11,000,000 19,000,000 10,000,000 17,000,000 10,000,000 23,300,000 22,300,000 20,600,000 9,400,000 19,200,000 10,000,000 18,100,000 9,500,000 17,600,000 11,600,000 18,100,000 8,900,000 29,300,000 14,400,000 7,400,000 10,400,000 6,257,000 
      income taxes
    		93,000,000 71,000,000 15,000,000 9,000,000 -2,000,000 -94,000,000 9,000,000 29,000,000 25,000,000 -77,000,000 14,000,000 63,000,000 11,000,000 41,000,000 29,000,000 3,000,000 140,000,000 93,000,000 446,000,000 266,000,000 207,000,000 82,000,000 161,000,000 101,000,000 326,000,000 194,000,000 331,000,000 78,000,000 339,900,000 544,700,000 344,100,000 32,000,000 193,500,000 156,900,000 244,200,000 108,800,000 73,500,000 82,100,000 77,700,000 39,100,000 10,900,000 33,900,000 27,300,000 16,200,000 4,481,000 
      equity income in unconsolidated affiliates
    		                                             
      decrease in cash and cash equivalents
    		  -73,000,000    -85,000,000      192,000,000       -273,000,000                          
      adjustments to reconcile net income to net cash provided (used in) by operating activities:
    		                                             
      russia/belarus impairment and loss on assets held for sale
    		                                             
      benefit from inventory losses
    		   48,000,000 3,000,000 -2,000,000 24,000,000 196,000,000 19,000,000 27,000,000 125,000,000 67,000,000 265,000,000                                 
      shares repurchases
    		                                             
      loss on extinguishment of debt
    		   0 0   0                                      
      debt issuance and extinguishment costs
    		                                             
      cash payments (refunds) during the period for:
    		                                             
      goodwill and indefinite-lived intangible asset impairment
    		       0 0 0 1,378,000,000 426,000,000 0                                 
      long-lived asset impairment
    		       0 0 0 513,000,000 10,000,000 12,000,000                                 
      equity loss in unconsolidated affiliates
    		   -1,000,000 2,000,000 0 4,000,000 10,000,000 11,000,000 6,000,000 233,000,000                                   
      debt extinguishment costs
    		                                             
      net cash from (used by) operating activities
    		      -27,000,000    39,000,000                                   
      net cash provided (used) by operating activities
    		                                     329,300,000 278,800,000 86,600,000  -3,200,000 21,800,000 -42,500,000  
      net cash used by operating activities
    		              -38,000,000                               
      excess tax benefit from stock-based compensation
    		                                             
      goodwill and intangible asset impairment
    		                                             
      activity under stock incentive plans
    		               3,000,000                              
      costs in excess of billings
    		                -62,000,000 -32,000,000 246,000,000 70,000,000 25,000,000 33,000,000 116,000,000 -178,000,000 -129,000,000 -21,000,000 25,000,000 3,000,000 35,400,000 -48,900,000 161,200,000 -122,700,000 -150,100,000 -53,000,000 -65,600,000 -65,900,000     -21,000,000    -57,615,000 
      billings in excess of costs
    		                -252,000,000 339,000,000 207,000,000 60,000,000 177,000,000 -161,000,000 -227,000,000 -409,000,000 -526,000,000 -465,000,000 -3,000,000 -77,000,000 16,000,000 193,000,000 346,200,000 209,400,000 293,200,000 283,000,000 86,500,000 168,900,000     104,600,000     
      income from continuing operations
    		                                             
      net cash from continuing operating activities
    		                                             
      discontinued operations
    		                                             
      cash distributed in spin-off
    		                                             
      net cash from continuing investing activities
    		                                             
      proceeds from stock options exercised
    		                  13,000,000 58,000,000           65,600,000 11,200,000 -13,600,000 29,600,000 33,100,000 42,200,000 2,000,000 3,700,000 13,800,000 13,200,000 4,500,000 30,900,000 40,000,000 36,500,000 516,000 
      net cash from continuing financing activities
    		                                             
      intangible asset impairment
    		                        0 0                    
      dividend from unconsolidated affiliates
    		                                             
      excess tax benefit from the exercise of stock options
    		                                             
      sale of equity interest
    		                                             
      dividends paid
    		                                             
      excess tax benefits from exercise of stock options
    		                            300,000                 
      equity income in unconsolidated affiliate
    		                 -11,000,000 -10,000,000 -13,000,000 -14,000,000 -8,000,000 -8,000,000 -6,000,000 -2,000,000 -1,000,000 -16,000,000 -28,000,000 -5,200,000 -20,100,000                
      repayments on debt
    		                 -2,000,000 -202,000,000 -170,000,000  -4,000,000 -7,000,000 -2,000,000                      
      increase in cash equivalents
    		                     382,000,000 80,000,000 -14,000,000 -570,000,000 906,000,000 54,000,000 689,000,000 -222,100,000 112,500,000 -487,000,000 297,600,000  453,300,000 -157,500,000 232,800,000  271,000,000 252,700,000 53,600,000   27,300,000 152,400,000  
      excess tax benefit from exercise of stock options
    		                              38,800,000 -2,400,000 42,900,000 -3,600,000 -7,300,000 -9,100,000 25,000,000 -1,100,000        
      proceeds from exercise of stock options
    		                         2,000,000 0 1,000,000                  
      other non-cash items
    		                           51,000,000 88,600,000                 
      excess benefit from the exercise of stock options
    		                                             
      proceeds from stock option exercised
    		                                             
      cash flow from operating activities:
    		                                             
      adjustments to reconcile net income to net cash provided (used) by operating activities:
    		                                             
      changes in assets and liabilities, net of acquisitions:
    		                                             
      cash flow from investing activities:
    		                                             
      businesses acquisitions, net of cash acquired
    		                              -2,815,400,000 -129,100,000  -50,000,000 -199,300,000 -38,100,000  -7,300,000 -1,400,000 -21,000,000      
      net cash used by investing activities
    		                              -2,138,100,000 -183,400,000  -104,900,000 -272,600,000 -85,800,000         1,101,000 
      cash flow from financing activities:
    		                                             
      borrowing against lines of credit and other debt
    		                              2,576,200,000 500,000 45,300,000 100,000 1,200,000 400,000 -2,400,000 3,100,000 25,700,000 3,600,000      
      net cash provided (used) by financing activities
    		                               -133,200,000     200,000      31,200,000 44,400,000  
      tax benefit from exercise of nonqualified stock options
    		                                        600,000 15,200,000 400,000 13,500,000 330,000 
      cash acquired in varco merger
    		                                        0 0 4,700,000 158,800,000  
      net cash provided (used) by investing activities
    		                                    -361,900,000 -63,200,000 -53,800,000 -51,200,000 -47,900,000 -41,900,000 -24,300,000 152,100,000  
      effect of exchange rate changes on cash
    		                                             
      net increase in cash and cash equivalents
    		                                        47,200,000     
      costs in excess of billing
    		                                     32,700,000 -29,300,000 -6,800,000   -108,100,000 -27,800,000  
      billings in excess of cost
    		                                     147,900,000 80,000,000 96,300,000   14,900,000 -28,800,000 -18,837,000 
      excess tax benefit from exercise of nonqualified stock options
    		                                       -5,200,000      
      borrowing against lines of credit
    		                                        82,100,000 166,500,000 27,200,000 143,000,000  
      net cash used by financing activities
    		                                             
      effect of exchange rate loss on cash
    		                                         -300,000 -1,400,000 -1,600,000  
      payments against lines of credit
    		                                           -135,100,000 -137,372,000 
      benefit from losses on receivables
    		                                            -843,000 
      benefit for deferred income taxes
    		                                             
      gain on sale of assets
    		                                            -12,130,000 
      foreign currency transaction losses
    		                                             
      proceeds from sale of assets
    		                                            19,425,000 
      businesses acquired and investments in joint ventures, net of cash
    		                                             
      borrowings against lines of credit
    		                                            112,317,000 
      net proceeds from issuance of long-term debt
    		                                             
      increase in cash and equivalents
    		                                             
      cash and cash equivalents, beginning of year
    		                                             
      cash and cash equivalents, end of year
    		                                             
      adjustments to reconcile net income to net cash used by operating activities:
    		                                             
      benefit from deferred income taxes
    		                                             
      foreign currency transaction loss
    		                                             
      interest rate contract
    		                                             
      businesses acquired, net of cash
    		                                             
      effect of exchange rate gain on cash
    		                                             
      decrease in cash and equivalents
    		                                             
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.