$DNOW
DNOW Inc.

2024 Q3 Form 10-Q Financial Statement

#000095017024092492 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $606.0M $633.0M
YoY Change 3.06% 6.57%
Cost Of Revenue $471.0M $495.0M
YoY Change 3.74% 7.61%
Gross Profit $135.0M $138.0M
YoY Change 0.75% 2.99%
Gross Profit Margin 22.28% 21.8%
Selling, General & Admin $106.0M $105.0M
YoY Change 9.28% 7.14%
% of Gross Profit 78.52% 76.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.000M $9.000M
YoY Change 14.29% 50.0%
% of Gross Profit 5.93% 6.52%
Operating Expenses $106.0M $105.0M
YoY Change 9.28% 7.14%
Operating Profit $23.00M $33.00M
YoY Change -37.84% -8.33%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$1.000M $0.00
YoY Change -100.0%
Pretax Income $22.00M $33.00M
YoY Change -40.54% -5.71%
Income Tax $9.000M $8.000M
% Of Pretax Income 40.91% 24.24%
Net Earnings $13.00M $24.00M
YoY Change -62.86% -29.41%
Net Earnings / Revenue 2.15% 3.79%
Basic Earnings Per Share $0.12 $0.21
Diluted Earnings Per Share $0.12 $0.21
COMMON SHARES
Basic Shares Outstanding 106.5M 106.8M
Diluted Shares Outstanding 107.0M 107.6M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $261.0M $197.0M
YoY Change 34.54% -2.96%
Cash & Equivalents $261.0M $197.0M
Short-Term Investments
Other Short-Term Assets $28.00M $24.00M
YoY Change 0.0% -22.58%
Inventory $364.0M $399.0M
Prepaid Expenses
Receivables $405.0M $403.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.058B $1.023B
YoY Change 2.42% -4.84%
LONG-TERM ASSETS
Property, Plant & Equipment $138.0M $139.0M
YoY Change 6.15% 6.92%
Goodwill $192.0M $192.0M
YoY Change 37.14% 36.17%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $46.00M $47.00M
YoY Change 4.55% 9.3%
Total Long-Term Assets $529.0M $540.0M
YoY Change 54.23% 56.52%
TOTAL ASSETS
Total Short-Term Assets $1.058B $1.023B
Total Long-Term Assets $529.0M $540.0M
Total Assets $1.587B $1.563B
YoY Change 15.33% 10.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $278.0M $278.0M
YoY Change -7.64% -23.63%
Accrued Expenses $127.0M $123.0M
YoY Change 11.4% 38.2%
Deferred Revenue $36.00M $34.00M
YoY Change 20.0% -15.0%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $417.0M $412.0M
YoY Change -1.42% -17.76%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $21.00M $20.00M
YoY Change 23.53% -51.22%
Total Long-Term Liabilities $21.00M $20.00M
YoY Change 23.53% -51.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $417.0M $412.0M
Total Long-Term Liabilities $21.00M $20.00M
Total Liabilities $469.0M $464.0M
YoY Change 0.0% -15.02%
SHAREHOLDERS EQUITY
Retained Earnings -$770.0M -$783.0M
YoY Change -21.03% -22.48%
Common Stock $2.025B $2.029B
YoY Change -0.2% -0.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.114B $1.095B
YoY Change
Total Liabilities & Shareholders Equity $1.587B $1.563B
YoY Change 15.33% 10.07%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $13.00M $24.00M
YoY Change -62.86% -29.41%
Depreciation, Depletion And Amortization $8.000M $9.000M
YoY Change 14.29% 50.0%
Cash From Operating Activities $74.00M $21.00M
YoY Change 1750.0% -75.29%
INVESTING ACTIVITIES
Capital Expenditures $2.000M $3.000M
YoY Change -50.0% -50.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $3.000M
YoY Change -109.38%
Cash From Investing Activities -$2.000M $0.00
YoY Change -50.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.00M -11.00M
YoY Change 42.86% -15.38%
NET CHANGE
Cash From Operating Activities 74.00M 21.00M
Cash From Investing Activities -2.000M 0.000
Cash From Financing Activities -10.00M -11.00M
Net Change In Cash 62.00M 10.00M
YoY Change -985.71% -70.59%
FREE CASH FLOW
Cash From Operating Activities $74.00M $21.00M
Capital Expenditures $2.000M $3.000M
Free Cash Flow $72.00M $18.00M
YoY Change -77.22%

Facts In Submission

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CY2022Q4 us-gaap Line Of Credit Facility Description
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CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
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