Dril-Quip, Inc. (DRQ) Financial Statements (2024 and earlier)

Company Profile

Business Address 2050 WEST SAM HOUSTON PARKWAY S.
HOUSTON, TX 77042
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3533 - Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments255,285254,264297,036315,566320,784338,008
Cash and cash equivalents236,490235,343264,804290,279320,784338,008
Short-term investments18,79518,92132,23225,287  
Receivables274,624282,496235,932220,199216,324195,923
Inventory, net of allowances, customer advances and progress billings164,523152,770146,004140,530139,794141,289
Inventory164,523152,770146,004140,530139,794141,289
Prepaid expense19,02715,59219,874   
Disposal group, including discontinued operation10,82810,82819,38320,00620,583 
Other current assets30,86936,16134,35949,45750,37842,156
Total current assets:755,156752,111752,588745,758747,863717,376
Noncurrent Assets
Operating lease, right-of-use asset5,9446,3254,8724,9324,8604,900
Property, plant and equipment185,894183,285181,270181,359179,938212,944
Intangible assets, net (including goodwill)22,06122,69123,34823,86824,78525,684
Goodwill      
Intangible assets, net (excluding goodwill)22,06122,69123,34823,86824,78525,684
Deferred income tax assets4,3744,8504,4888,89310,23711,021
Other noncurrent assets6,2376,1345,9495,7145,8836,185
Total noncurrent assets:224,510223,285219,927224,766225,703260,734
TOTAL ASSETS:979,666975,396972,515970,524973,566978,110
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:80,99474,8594,35789,94785,49662,898
Taxes payable2,1062,4053,583
Employee-related liabilities8,4206,4577,399
Accounts payable54,41647,21243,01946,48446,26736,599
Accrued liabilities26,57827,64735,46232,93730,36715,317
Other undisclosed accounts payable and accrued liabilities   (74,124)   
Debt   43   
Other undisclosed current liabilities7,1308,50183,155(660)(640)7,423
Total current liabilities:88,12483,36087,55589,28784,85670,321
Noncurrent Liabilities
Long-term debt and lease obligation:    3,8173,8653,965
Liabilities, other than long-term debt12,13311,65810,04412,58316,15616,049
Accounts payable and accrued liabilities9778748236,5019,8419,725
Deferred income tax liabilities4,5124,0253,7563,9184,2344,335
Other liabilities1,7251,5811,6582,1642,0811,989
Operating lease, liability4,9195,1783,8073,8173,8653,965
Total noncurrent liabilities:12,13311,65810,04416,40020,02120,014
Total liabilities:100,25795,01897,599105,687104,87790,335
Equity
Equity, attributable to parent879,409880,378874,916864,837868,689887,775
Common stock343343343343348349
Additional paid in capital95,59393,02790,45087,91785,35182,781
Accumulated other comprehensive loss(172,489)(168,035)(168,609)(176,414)(165,927)(153,699)
Retained earnings955,962955,043952,732952,991948,917958,344
Total equity:879,409880,378874,916864,837868,689887,775
TOTAL LIABILITIES AND EQUITY:979,666975,396972,515970,524973,566978,110

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues89,60790,86596,81488,14193,97883,137
Cost of revenue(65,711)(65,502)(66,567)(65,710)(69,663)(63,995)
Gross profit:23,89625,36330,24722,43124,31519,142
Operating expenses(22,510)(15,938)(24,635)(5,155)(22,118)(22,279)
Other undisclosed operating income (loss)2,220(6,237)(7,983)(2,924)(6,066)(2,454)
Operating income (loss):3,6063,188(2,371)14,352(3,869)(5,591)
Nonoperating income
(Investment Income, Nonoperating)
 1,9982,8273,310379573203
Interest and debt expense (19)(80)68(131)(99)(54)
Income (loss) from continuing operations before equity method investments, income taxes:5,5855,9351,00714,600(3,395)(5,442)
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:5,5855,9351,00714,600(3,395)(5,442)
Income tax expense (benefit)(2,102)(3,624)(1,266)610(2,175)(3,496)
Income (loss) from continuing operations:3,4832,311(259)15,210(5,570)(8,938)
Income (loss) before gain (loss) on sale of properties:15,210(5,570)(8,938)
Net income (loss) available to common stockholders, diluted:3,4832,311(259)15,210(5,570)(8,938)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):3,4832,311(259)15,210(5,570)(8,938)
Other comprehensive income (loss)(4,454)5747,805(10,487)(12,228)2,886
Comprehensive income (loss), net of tax, attributable to parent:(971)2,8857,5464,723(17,798)(6,052)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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