Dril-Quip, Inc. (DRQ) Financial Statements (2024 and earlier)

Company Profile

Business Address 2050 WEST SAM HOUSTON PARKWAY S.
HOUSTON, TX 77042
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments297,036355,451345,955398,946418,100493,180
Cash and cash equivalents264,804355,451345,955398,946418,100493,180
Short-term investments32,232     
Receivables235,932203,584256,520248,160202,165191,629
Inventory, net of allowances, customer advances and progress billings146,004145,724212,536205,062191,194291,087
Inventory146,004145,724212,536205,062191,194291,087
Prepaid expense19,874     
Disposal group, including discontinued operation19,383     
Other current assets34,35940,79048,18228,32141,52232,653
Total current assets:752,588745,549863,193880,489852,9811,008,549
Noncurrent Assets
Operating lease, right-of-use asset4,8725,2586,9625,144
Property, plant and equipment181,270216,200234,823258,497274,123284,247
Intangible assets, net (including goodwill)23,34826,44629,43440,19242,68886,032
Goodwill   7,9477,71447,624
Intangible assets, net (excluding goodwill)23,34826,44629,43432,24534,97438,408
Deferred income tax assets4,48811,3815,7688,936
Other noncurrent assets5,9495,59210,99213,30714,72315,613
Deferred tax assets, net 5,364
Other undisclosed noncurrent assets     7,995 
Total noncurrent assets:219,927264,877287,979326,076339,529391,256
TOTAL ASSETS:972,5151,010,4261,151,1721,206,5651,192,5101,399,805
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,35713,35910,61010,2892,9737,068
Taxes payable4,1024,3434,5613,13824,714
Employee-related liabilities6,2915,01513,59910,53711,412
Accounts payable43,01935,23237,42446,32426,69333,480
Accrued liabilities35,46237,24626,28124,24132,24225,538
Other undisclosed accounts payable and accrued liabilities (74,124)(69,512)(62,453)(78,436)(69,637)(88,076)
Debt 431271411,542  
Other undisclosed current liabilities83,15580,17774,76185,10979,28592,843
Total current liabilities:87,55593,66385,51296,94082,25899,911
Noncurrent Liabilities
Long-term debt and lease obligation:  4,1705,8453,801  
Liabilities, other than long-term debt10,04415,48518,28715,12311,6242,001
Accounts payable and accrued liabilities8239,6279,3838,8689,623 
Deferred income tax liabilities3,7563,9256,7794,150
Other liabilities1,6581,9332,1252,1052,0012,001
Operating lease, liability3,8074,1705,8453,801
Other undisclosed noncurrent liabilities     2,4663,432
Total noncurrent liabilities:10,04419,65524,13218,92414,0905,433
Total liabilities:97,599113,318109,644115,86496,348105,344
Equity
Equity, attributable to parent874,916897,1081,041,5281,090,7011,096,1621,294,461
Common stock343352363371376372
Additional paid in capital90,45080,25465,61352,87034,95320,083
Accumulated other comprehensive loss(168,609)(156,585)(149,711)(143,563)(145,113)(126,290)
Retained earnings952,732973,0871,125,2631,181,0231,205,9461,400,296
Total equity:874,916897,1081,041,5281,090,7011,096,1621,294,461
TOTAL LIABILITIES AND EQUITY:972,5151,010,4261,151,1721,206,5651,192,5101,399,805

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues362,070322,945364,973414,806384,626455,469
Revenue, net455,469
Cost of revenue(265,935)(242,356)(269,698)(295,007)(271,499)(305,394)
Cost of goods and services sold  (66,910)(17,272) (32,070)(305,394)
Gross profit:96,13580,58995,275119,799113,127150,075
Operating expenses(74,187)(110,554)(94,470)(95,271)(97,841)(116,083)
Other undisclosed operating loss(19,427)(94,873)(64,364)(21,725)(138,024)(103,128)
Operating income (loss):2,521(124,838)(63,559)2,803(122,738)(69,136)
Nonoperating income
(Investment Income, Nonoperating)
4,4655752,1317,9408,0403,564
Interest and debt expense(216)(787)(621)(314)(291)(72)
Income (loss) from continuing operations before equity method investments, income taxes:6,770(125,050)(62,049)10,429(114,989)(65,644)
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:6,770(125,050)(62,049)10,429(114,989)(65,644)
Income tax expense (benefit)(6,327)(2,946)31,281(8,709)19,294(34,995)
Income (loss) from continuing operations:443(127,996)(30,768)1,720(95,695)(100,639)
Income (loss) before gain (loss) on sale of properties:(127,996)(30,768)1,720(95,695)(100,639)
Net income (loss) available to common stockholders, diluted:443(127,996)(30,768)1,720(95,695)(100,639)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):443(127,996)(30,768)1,720(95,695)(100,639)
Other comprehensive income (loss)(12,024)(6,874)(6,148)1,550(18,823)24,117
Comprehensive income (loss), net of tax, attributable to parent:(11,581)(134,870)(36,916)3,270(114,518)(76,522)

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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