Dril-Quip, Inc. (DRQ) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments413418493423381299384
Cash and cash equivalents413418493423381299384
Receivables236202192214320374279
Inventory, net of allowances, customer advances and progress billings202191291355344393368
Inventory202191291355344393368
Other current assets284233  3822
Other undisclosed current assets   64792425
Total current assets:8798531,0091,0571,1241,1271,079
Noncurrent Assets
Operating lease, right-of-use asset5
Property, plant and equipment259274284323294310305
Intangible assets, net (including goodwill)40438664  
Goodwill784834   
Intangible assets, net (excluding goodwill)33353830   
Deferred income tax assets8
Other noncurrent assets14151616101311
Deferred tax assets, net 52   
Other undisclosed noncurrent assets 8     
Total noncurrent assets:327340391405304322316
TOTAL ASSETS:1,2061,1931,4001,4611,4281,4491,395
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8737231080
Accounts payable46273336315439
Accrued liabilities243226181939 
Employee-related liabilities11111111182222
Taxes payable632525143020
Other undisclosed accounts payable and accrued liabilities (70)(88)(87)(79)(134) 
Debt2      
Other undisclosed current liabilities87993999818862
Total current liabilities:9782100101101199143
Noncurrent Liabilities
Long-term debt and lease obligation4      
Operating lease, liability4
Liabilities, other than long-term debt1212223510
Accounts payable and accrued liabilities1010     
Deferred tax liabilities, net  23510
Deferred income tax liabilities2
Other liabilities022    
Other undisclosed noncurrent liabilities 232   
Total noncurrent liabilities:1614543510
Total liabilities:11396105105104204153
Stockholders' equity
Stockholders' equity attributable to parent, including:1,0931,0961,2941,3561,3241,2451,242
Common stock0000000
Treasury stock, value     (190)(10)
Additional paid in capital5335205 16192
Accumulated other comprehensive loss(155)(145)(126)(150)(101)(50)(20)
Retained earnings1,1951,2061,4001,5011,4251,2791,070
Other undisclosed stockholders' equity attributable to parent     19010
Total stockholders' equity:1,0931,0961,2941,3561,3241,2451,242
TOTAL LIABILITIES AND EQUITY:1,2061,1931,4001,4611,4281,4491,395

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues404385455539844931872
Revenue, net455539844931872
Cost of revenue(288)(271)(305)(328)(459)(514)(514)
Cost of goods and services sold (32)(305)(328)(459)(516)(515)
Gross profit:116113150210385417358
Operating expenses(93)(98)(116)(53)(88)(93)(95)
Other undisclosed operating loss(124)(138)(103)(44)(48)(46)(40)
Operating income (loss):(102)(123)(69)113249279224
Nonoperating income (expense)984313(5)
Investment income, nonoperating98431  
Foreign currency transaction gain (loss), before tax     3(5)
Interest and debt expense0(0)(0)(0)(0)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (3)5
Income (loss) from continuing operations before income taxes:(93)(115)(66)116250279224
Income tax expense (benefit)1319(35)(23)(58)(71)(54)
Net income (loss) available to common stockholders, diluted:(81)(96)(101)93192209170

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(81)(96)(101)93192209170
Other comprehensive income (loss)(15)(19)24(49)(51)(30) 
Comprehensive income (loss):(96)(115)(77)44141179170
Other undisclosed comprehensive loss, net of tax, attributable to parent      (6)
Comprehensive income (loss), net of tax, attributable to parent:(96)(115)(77)44141179163

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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