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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments346399418493423381299
Cash and cash equivalents346399418493423381299
Receivables257248202192214320374
Inventory, net of allowances, customer advances and progress billings213205191291355344393
Inventory213205191291355344393
Other current assets48284233  38
Other undisclosed current assets    647924
Total current assets:8638808531,0091,0571,1241,127
Noncurrent Assets
Operating lease, right-of-use asset75
Property, plant and equipment235258274284323294310
Intangible assets, net (including goodwill)2940438664  
Goodwill 884834  
Intangible assets, net (excluding goodwill)2932353830  
Deferred income tax assets69
Other noncurrent assets11131516161013
Deferred tax assets, net 52  
Other undisclosed noncurrent assets  8    
Total noncurrent assets:288326340391405304322
TOTAL ASSETS:1,1511,2071,1931,4001,4611,4281,449
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1110372310
Accounts payable37462733363154
Accrued liabilities26243226181939
Employee-related liabilities5141111111822
Taxes payable45325251430
Other undisclosed accounts payable and accrued liabilities(62)(78)(70)(88)(87)(79)(134)
Debt02     
Other undisclosed current liabilities758579939998188
Total current liabilities:869782100101101199
Noncurrent Liabilities
Long-term debt and lease obligation64     
Operating lease, liability64
Liabilities, other than long-term debt1815122235
Accounts payable and accrued liabilities9910    
Deferred tax liabilities, net  235
Deferred income tax liabilities74
Other liabilities2222   
Other undisclosed noncurrent liabilities  232  
Total noncurrent liabilities:2419145435
Total liabilities:11011696105105104204
Stockholders' equity
Stockholders' equity attributable to parent, including:1,0421,0911,0961,2941,3561,3241,245
Common stock0000000
Treasury stock, value      (190)
Additional paid in capital665335205 16
Accumulated other comprehensive loss(150)(144)(145)(126)(150)(101)(50)
Retained earnings1,1251,1811,2061,4001,5011,4251,279
Other undisclosed stockholders' equity attributable to parent      190
Total stockholders' equity:1,0421,0911,0961,2941,3561,3241,245
TOTAL LIABILITIES AND EQUITY:1,1511,2071,1931,4001,4611,4281,449

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues365415385455539844931
Revenue, net455539844931
Cost of revenue(270)(295)(271)(305)(328)(459)(514)
Cost of goods and services sold(17) (32)(305)(328)(459)(516)
Gross profit:95120113150210385417
Operating expenses(94)(95)(98)(116)(53)(88)(93)
Other undisclosed operating loss(64)(22)(138)(103)(44)(48)(46)
Operating income (loss):(64)3(123)(69)113249279
Nonoperating income2884313
Investment income, nonoperating288431 
Foreign currency transaction gain, before tax      3
Interest and debt expense(1)(0)(0)(0)(0)(0)(0)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (3)
Income (loss) from continuing operations before income taxes:(62)10(115)(66)116250279
Income tax expense (benefit)31(9)19(35)(23)(58)(71)
Net income (loss) available to common stockholders, diluted:(31)2(96)(101)93192209

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(31)2(96)(101)93192209
Other comprehensive income (loss)(6)2(19)24(49)(51)(30)
Comprehensive income (loss), net of tax, attributable to parent:(37)3(115)(77)44141179

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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