$DNOW
DNOW Inc.

2014 Q2 Form 10-Q Financial Statement

#000119312514302037 Filed on August 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $952.0M $1.070B
YoY Change -11.03%
Cost Of Revenue $759.0M $874.0M
YoY Change -13.16%
Gross Profit $193.0M $196.0M
YoY Change -1.53%
Gross Profit Margin 20.27% 18.32%
Selling, General & Admin $45.00M $40.00M
YoY Change 12.5%
% of Gross Profit 23.32% 20.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.000M $3.000M
YoY Change 100.0%
% of Gross Profit 3.11% 1.53%
Operating Expenses $150.0M $40.00M
YoY Change 275.0%
Operating Profit $43.00M $53.00M
YoY Change -18.87%
Interest Expense $0.00 $2.000M
YoY Change -100.0%
% of Operating Profit 0.0% 3.77%
Other Income/Expense, Net
YoY Change
Pretax Income $43.00M $55.00M
YoY Change -21.82%
Income Tax $16.00M $22.00M
% Of Pretax Income 37.21% 40.0%
Net Earnings $27.00M $33.00M
YoY Change -18.18%
Net Earnings / Revenue 2.84% 3.08%
Basic Earnings Per Share $0.25 $0.31
Diluted Earnings Per Share $0.25 $0.31
COMMON SHARES
Basic Shares Outstanding 107.1M 107.0M shares
Diluted Shares Outstanding 108.0M 107.0M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $236.0M
YoY Change
Cash & Equivalents $236.0M $120.0M
Short-Term Investments
Other Short-Term Assets $55.00M
YoY Change
Inventory $882.0M
Prepaid Expenses
Receivables $773.0M
Other Receivables $0.00
Total Short-Term Assets $1.946B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $118.0M
YoY Change
Goodwill $333.0M
YoY Change
Intangibles $67.00M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.000M
YoY Change
Total Long-Term Assets $527.0M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $1.946B
Total Long-Term Assets $527.0M
Total Assets $2.473B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $401.0M
YoY Change
Accrued Expenses $103.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $508.0M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $2.000M
YoY Change
Total Long-Term Liabilities $2.000M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $508.0M
Total Long-Term Liabilities $2.000M
Total Liabilities $515.0M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $10.00M
YoY Change
Common Stock $1.947B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.958B
YoY Change
Total Liabilities & Shareholders Equity $2.473B
YoY Change

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $27.00M $33.00M
YoY Change -18.18%
Depreciation, Depletion And Amortization $6.000M $3.000M
YoY Change 100.0%
Cash From Operating Activities $67.00M $108.0M
YoY Change -37.96%
INVESTING ACTIVITIES
Capital Expenditures -$12.00M -$17.00M
YoY Change -29.41%
Acquisitions
YoY Change
Other Investing Activities $8.000M $1.000M
YoY Change 700.0%
Cash From Investing Activities -$4.000M -$16.00M
YoY Change -75.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.000M -116.0M
YoY Change -96.55%
NET CHANGE
Cash From Operating Activities 67.00M 108.0M
Cash From Investing Activities -4.000M -16.00M
Cash From Financing Activities -4.000M -116.0M
Net Change In Cash 59.00M -24.00M
YoY Change -345.83%
FREE CASH FLOW
Cash From Operating Activities $67.00M $108.0M
Capital Expenditures -$12.00M -$17.00M
Free Cash Flow $79.00M $125.0M
YoY Change -36.8%

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CY2013Q2 us-gaap Income Tax Expense Benefit
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CY2013Q2 dnow Warehousing And Distribution Costs
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CY2014Q2 us-gaap Income Tax Reconciliation Nondeductible Expense
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CY2014Q2 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2014Q2 us-gaap Share Based Compensation
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CY2014Q2 dnow Net Income Loss Prior To Spin Off
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CY2014Q2 dnow Warehousing And Distribution Costs
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CY2014Q2 dnow Operating Profit Margin
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CY2014Q2 dnow Net Transfers From Related Party
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