NOV’s broad portfolio of proprietary technologies supports the industry’s field-wide drilling, completions and production needs.With unmatched cross-sectoral capabilities, scope and scale, NOV continues to develop and introduce technologies that further improve the economics and efficiency of energy production, with a focus on automation, predictive analytics and condition-based maintenance.
NOV serves major diversified, national and independent service companies, contractors and energy producers in 63 countries, operating in three segments: Wellbore Technology, Completion and Production Solutions, and Rig Technology.
$.992 Source: Rig count: Baker Hughes (www.bakerhughes.com); West Texas Intermediate crude and natural gas prices: Department of Energy, Energy Information Administration (www.eia.doe.gov).
The following table presents a reconciliation of Adjusted EBITDA to its most comparable GAAP financial measure (in millions):
(Used in) Net cash provided by operating activities $ (227 )$ 150 Net cash used in investing activities
Cash flow used in operating activities was $227 million, primarily due to changes in the main components of our working capital (accounts receivable, inventory and accounts payable).