Dril-Quip, Inc. (DRQ) financial statements (2021 and earlier)

Company profile

Business Address 6401 N. ELDRIDGE PARKWAY
HOUSTON, TX 77041
State of Incorp. DE
Fiscal Year End December 31
SIC 3533 - Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments399413423415418424493
Cash and cash equivalents399413423415418424493
Receivables248236219208202190184
Inventory, net of allowances, customer advances and progress billings205202195195191242264
Inventory205202195195191242264
Other current assets28283226424134
Total current assets:880879868843853897976
Noncurrent Assets
Operating lease, right-of-use asset55  
Property, plant and equipment258259266270274293283
Intangible assets, net (including goodwill)40404142438383
Goodwill878884747
Intangible assets, net (excluding goodwill)32333434353636
Deferred income tax assets98  
Other noncurrent assets13141415151415
Other undisclosed noncurrent assets  1212864
Total noncurrent assets:326327334340340395385
TOTAL ASSETS:1,2071,2061,2021,1841,1931,2931,362
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1087775736176
Accounts payable46463521272121
Accrued liabilities24242724322417
Employee-related liabilities1411118111113
Taxes payable56443525
Other undisclosed accounts payable and accrued liabilities(78)   (70)  
Debt22     
Contract with customer, liability 74
Other undisclosed current liabilities858101479  
Total current liabilities:97978771826880
Noncurrent Liabilities
Long-term debt and lease obligation44     
Operating lease, liability44  
Liabilities, other than long-term debt1512121212303
Accounts payable and accrued liabilities91010101028 
Deferred income tax liabilities42  
Other liabilities2022223
Other undisclosed noncurrent liabilities  66233
Total noncurrent liabilities:1916181814336
Total liabilities:116113105889610286
Stockholders' equity
Stockholders' equity attributable to parent1,0911,0931,0971,0951,0961,1911,275
Common stock0000000
Treasury stock, value     (71) 
Additional paid in capital53534340353128
Accumulated other comprehensive loss(144)(155)(146)(143)(145)(140)(135)
Retained earnings1,1811,1951,2001,1991,2061,3711,382
Total stockholders' equity:1,0911,0931,0971,0951,0961,1911,275
TOTAL LIABILITIES AND EQUITY:1,2071,2061,2021,1841,1931,2931,362

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues10810810494979395
Cost of revenue(76)(76)(74)(69)(69)(66)(69)
Gross profit:33323025292825
Operating expenses(21)(28)(22)(25)(20)(32)(19)
Other undisclosed operating loss(5)(4)(6)(6)(108)(10)(11)
Operating income (loss):602(6)(99)(14)(4)
Nonoperating income
(Investment Income, Nonoperating)
1232222
Interest and debt expense(0)(0) (0)0(0)(0)
Income (loss) from continuing operations before income taxes:725(4)(96)(12)(2)
Income tax expense (benefit)0(3)(3)(2)222(1)
Net income (loss) available to common stockholders, diluted:7(1)2(6)(75)(10)(3)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):7(1)2(6)(75)(10)(3)
Other comprehensive income (loss)12(10)(2)2(5)(6)(22)
Comprehensive income (loss), net of tax, attributable to parent:19(11)(1)(4)(80)(16)(25)

Statements sources

The financial statements are based on the company's filings with the 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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