Dril-Quip, Inc. (DRQ) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments355346399418493423381
Cash and cash equivalents355346399418493423381
Receivables204257248202192214320
Inventory, net of allowances, customer advances and progress billings146213205191291355344
Inventory146213205191291355344
Other current assets4148284233  
Other undisclosed current assets     6479
Total current assets:7468638808531,0091,0571,124
Noncurrent Assets
Operating lease, right-of-use asset575
Property, plant and equipment216235258274284323294
Intangible assets, net (including goodwill)262940438664 
Goodwill  884834 
Intangible assets, net (excluding goodwill)262932353830 
Deferred income tax assets1169
Other noncurrent assets6111315161610
Deferred tax assets, net 52 
Other undisclosed noncurrent assets   8   
Total noncurrent assets:265288326340391405304
TOTAL ASSETS:1,0101,1511,2071,1931,4001,4611,428
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1311103723
Accounts payable35374627333631
Accrued liabilities37262432261819
Employee-related liabilities651411111118
Taxes payable4453252514
Other undisclosed accounts payable and accrued liabilities(70)(62)(78)(70)(88)(87)(79)
Debt002    
Other undisclosed current liabilities80758579939998
Total current liabilities:94869782100101101
Noncurrent Liabilities
Long-term debt and lease obligation464    
Operating lease, liability464
Liabilities, other than long-term debt15181512223
Accounts payable and accrued liabilities109910   
Deferred tax liabilities, net  23
Deferred income tax liabilities474
Other liabilities22222  
Other undisclosed noncurrent liabilities   232 
Total noncurrent liabilities:20241914543
Total liabilities:11311011696105105104
Stockholders' equity
Stockholders' equity attributable to parent8971,0421,0911,0961,2941,3561,324
Common stock0000000
Additional paid in capital80665335205 
Accumulated other comprehensive loss(157)(150)(144)(145)(126)(150)(101)
Retained earnings9731,1251,1811,2061,4001,5011,425
Total stockholders' equity:8971,0421,0911,0961,2941,3561,324
TOTAL LIABILITIES AND EQUITY:1,0101,1511,2071,1931,4001,4611,428

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues323365415385455539844
Revenue, net455539844
Cost of revenue(242)(270)(295)(271)(305)(328)(459)
Cost of goods and services sold(67)(17) (32)(305)(328)(459)
Gross profit:8195120113150210385
Operating expenses(111)(94)(95)(98)(116)(53)(88)
Other undisclosed operating loss(95)(64)(22)(138)(103)(44)(48)
Operating income (loss):(125)(64)3(123)(69)113249
Nonoperating income
(Investment Income, Nonoperating)
1288431
Interest and debt expense(1)(1)(0)(0)(0)(0)(0)
Income (loss) from continuing operations before income taxes:(125)(62)10(115)(66)116250
Income tax expense (benefit)(3)31(9)19(35)(23)(58)
Net income (loss) available to common stockholders, diluted:(128)(31)2(96)(101)93192

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(128)(31)2(96)(101)93192
Other comprehensive income (loss)(7)(6)2(19)24(49)(51)
Comprehensive income (loss), net of tax, attributable to parent:(135)(37)3(115)(77)44141

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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