$DNOW
DNOW Inc.

2014 Q3 Form 10-Q Financial Statement

#000119312514403608 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q3
Revenue $1.070B $952.0M $1.113B
YoY Change -3.86% -11.03%
Cost Of Revenue $857.0M $759.0M $907.0M
YoY Change -5.51% -13.16%
Gross Profit $213.0M $193.0M $206.0M
YoY Change 3.4% -1.53%
Gross Profit Margin 19.91% 20.27% 18.51%
Selling, General & Admin $55.00M $45.00M $39.00M
YoY Change 41.03% 12.5%
% of Gross Profit 25.82% 23.32% 18.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.000M $6.000M $5.000M
YoY Change -20.0% 100.0%
% of Gross Profit 1.88% 3.11% 2.43%
Operating Expenses $55.00M $150.0M $39.00M
YoY Change 41.03% 275.0%
Operating Profit $50.00M $43.00M $63.00M
YoY Change -20.63% -18.87%
Interest Expense -$1.000M $0.00 -$4.000M
YoY Change -75.0% -100.0%
% of Operating Profit -2.0% 0.0% -6.35%
Other Income/Expense, Net
YoY Change
Pretax Income $49.00M $43.00M $59.00M
YoY Change -16.95% -21.82%
Income Tax $17.00M $16.00M $20.00M
% Of Pretax Income 34.69% 37.21% 33.9%
Net Earnings $32.00M $27.00M $39.00M
YoY Change -17.95% -18.18%
Net Earnings / Revenue 2.99% 2.84% 3.5%
Basic Earnings Per Share $0.30 $0.25 $0.37
Diluted Earnings Per Share $0.30 $0.25 $0.36
COMMON SHARES
Basic Shares Outstanding 107.0M 107.1M 107.0M shares
Diluted Shares Outstanding 108.0M 108.0M 107.0M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $166.0M $236.0M
YoY Change
Cash & Equivalents $166.0M $236.0M $71.00M
Short-Term Investments
Other Short-Term Assets $55.00M $55.00M
YoY Change
Inventory $905.0M $882.0M
Prepaid Expenses
Receivables $906.0M $773.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.032B $1.946B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $124.0M $118.0M
YoY Change
Goodwill $328.0M $333.0M
YoY Change
Intangibles $65.00M $67.00M
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.000M $1.000M
YoY Change
Total Long-Term Assets $526.0M $527.0M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $2.032B $1.946B
Total Long-Term Assets $526.0M $527.0M
Total Assets $2.558B $2.473B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $454.0M $401.0M
YoY Change
Accrued Expenses $120.0M $103.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $578.0M $508.0M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.000M $2.000M
YoY Change
Total Long-Term Liabilities $2.000M $2.000M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $578.0M $508.0M
Total Long-Term Liabilities $2.000M $2.000M
Total Liabilities $585.0M $515.0M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $42.00M $10.00M
YoY Change
Common Stock $1.952B $1.947B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.973B $1.958B
YoY Change
Total Liabilities & Shareholders Equity $2.558B $2.473B
YoY Change

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q3
OPERATING ACTIVITIES
Net Income $32.00M $27.00M $39.00M
YoY Change -17.95% -18.18%
Depreciation, Depletion And Amortization $4.000M $6.000M $5.000M
YoY Change -20.0% 100.0%
Cash From Operating Activities -$40.00M $67.00M $79.00M
YoY Change -150.63% -37.96%
INVESTING ACTIVITIES
Capital Expenditures -$14.00M -$12.00M -$14.00M
YoY Change 0.0% -29.41%
Acquisitions
YoY Change
Other Investing Activities $0.00 $8.000M $0.00
YoY Change 700.0%
Cash From Investing Activities -$14.00M -$4.000M -$14.00M
YoY Change 0.0% -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 0.000 -4.000M -116.0M
YoY Change -100.0% -96.55%
NET CHANGE
Cash From Operating Activities -40.00M 67.00M 79.00M
Cash From Investing Activities -14.00M -4.000M -14.00M
Cash From Financing Activities 0.000 -4.000M -116.0M
Net Change In Cash -54.00M 59.00M -51.00M
YoY Change 5.88% -345.83%
FREE CASH FLOW
Cash From Operating Activities -$40.00M $67.00M $79.00M
Capital Expenditures -$14.00M -$12.00M -$14.00M
Free Cash Flow -$26.00M $79.00M $93.00M
YoY Change -127.96% -36.8%

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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported and contingent amounts of assets and liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> </div>
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dnow Sub Facility For Letters Of Credit
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CY2013Q3 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q3 us-gaap Other Operating Income Expense Net
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CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2013Q3 us-gaap Revenues
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CY2014Q3 us-gaap Stock Issued During Period Value New Issues
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CY2014Q3 us-gaap Revenues
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CY2014Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2014Q3 us-gaap Income Tax Expense Benefit
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CY2014Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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CY2014Q3 us-gaap Cost Of Goods Sold
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CY2014Q3 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
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