Dril-Quip Inc. (DRQ) Financial Statements (2025 and earlier)

Company Profile

Business Address 19120 KENSWICK DRIVE
HUMBLE, TX 77338
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)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 185,629202,213213,231189,983255,285254,264
Cash and cash equivalents 185,629198,197187,323181,072236,490235,343
Short-term investments  4,01625,9088,91118,79518,921
Receivables287,162276,745283,998287,642274,624282,496
Inventory, net of allowances, customer advances and progress billings204,733209,160194,593183,250164,523152,770
Inventory204,733209,160194,593183,250164,523152,770
Prepaid expense16,91713,12614,11919,23719,02715,592
Contract with customer, asset, after allowance for credit loss      
Disposal group, including discontinued operation1,5131,513 10,82810,82810,828
Other current assets8,0068,2859,69918,10030,86936,161
Other undisclosed current assets3,5904,1034,077   
Total current assets:707,550715,145719,717709,040755,156752,111
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   1,086   
Operating lease, right-of-use asset16,77916,35616,34316,2355,9446,325
Property, plant and equipment211,117215,264217,631211,806185,894183,285
Long-term investments and receivables      
Long-term investments      
Intangible assets, net (including goodwill)54,97256,53558,59558,74122,06122,691
Goodwill16,12216,28816,65416,237  
Intangible assets, net (excluding goodwill)38,85040,24741,94142,50422,06122,691
Deferred income tax assets10,2429,6638,9895,8394,3744,850
Other noncurrent assets7,4978,0646,9065,9076,2376,134
Other undisclosed noncurrent assets   (1,086)   
Total noncurrent assets:300,607305,882308,464298,528224,510223,285
TOTAL ASSETS:1,008,1571,021,0271,028,1811,007,568979,666975,396
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:116,015124,4175,55396,58080,99474,859
Accounts payable60,83362,90765,69650,45554,41647,212
Accrued liabilities55,18261,51053,02346,12526,57827,647
Other undisclosed accounts payable and accrued liabilities   (113,166)   
Deferred revenue      
Debt  188   
Other liabilities      
Other undisclosed current liabilities10,4149,139111,96210,1557,1308,501
Total current liabilities:126,429133,556117,703106,73588,12483,360
Noncurrent Liabilities
Long-term debt and lease obligation, including:  915   
Finance lease, liability  915   
Other undisclosed long-term debt and lease obligation      
Liabilities, other than long-term debt29,20430,10829,21830,37112,13311,658
Accounts payable and accrued liabilities 472385346451977874
Deferred income tax liabilities 9,18910,33010,56412,1144,5124,025
Other liabilities4,5994,8523,7543,4251,7251,581
Operating lease, liability14,94414,54114,55414,3814,9195,178
Other undisclosed noncurrent liabilities   (915)   
Total noncurrent liabilities:29,20430,10829,21830,37112,13311,658
Total liabilities:155,633163,664146,921137,106100,25795,018
Equity
Equity, attributable to parent852,524857,363881,260870,462879,409880,378
Common stock343343343343343343
Additional paid in capital106,403103,025100,28998,16995,59393,027
Accumulated other comprehensive income (loss)(183,199)(176,794)(170,091)(176,978)(172,489)(168,035)
Retained earnings928,977930,789950,719948,928955,962955,043
Total equity:852,524857,363881,260870,462879,409880,378
TOTAL LIABILITIES AND EQUITY:1,008,1571,021,0271,028,1811,007,568979,666975,396

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues120,342110,297126,344117,24489,60790,865
Cost of revenue(83,229)(78,419)(91,687)(85,603)(65,711)(65,502)
Gross profit:37,11331,87834,65731,64123,89625,363
Operating expenses(29,825)(29,791)(36,328)(25,966)(22,510)(15,938)
Other undisclosed operating income (loss)(11,954)(20,889)6,228(11,746)2,220(6,237)
Operating income (loss):(4,666)(18,802)4,557(6,071)3,6063,188
Nonoperating income (expense)(6,671)1,8952,549 1,9982,827
Investment income, nonoperating     1,9982,827
Gain (loss), foreign currency transaction, before tax (6,671)1,8952,549   
Other nonoperating income      
Interest and debt expense     (19)(80)
Income (loss) from continuing operations before equity method investments, income taxes:(11,337)(16,907)7,106(6,071)5,5855,935
Income from equity method investments      
Other undisclosed income (loss) from continuing operations before income taxes8,724301(1,399)2,312  
Income (loss) from continuing operations before income taxes:(2,613)(16,606)5,707(3,759)5,5855,935
Income tax expense (benefit)801(3,378)(3,863)(3,275)(2,102)(3,624)
Net income (loss) available to common stockholders, diluted:(1,812)(19,984)1,844(7,034)3,4832,311

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):(1,812)(19,984)1,844(7,034)3,4832,311
Other comprehensive income (loss) (6,405)(6,649)6,834(4,489)(4,454)574
Comprehensive income (loss):(8,217)(26,633)8,678(11,523)(971)2,885
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(8,217)(26,633)8,678(11,523)(971)2,885

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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