$DNOW
DNOW Inc.

2017 Q1 Form 10-Q Financial Statement

#000156459017008247 Filed on May 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $631.0M $548.0M
YoY Change 15.15% -36.5%
Cost Of Revenue $517.0M $461.0M
YoY Change 12.15% -34.89%
Gross Profit $114.0M $87.00M
YoY Change 31.03% -43.87%
Gross Profit Margin 18.07% 15.88%
Selling, General & Admin $135.0M $152.0M
YoY Change -11.18% -6.75%
% of Gross Profit 118.42% 174.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.00M $12.00M
YoY Change 8.33% 71.43%
% of Gross Profit 11.4% 13.79%
Operating Expenses $135.0M $152.0M
YoY Change -11.18% -6.75%
Operating Profit -$21.00M -$65.00M
YoY Change -67.69% 712.5%
Interest Expense $1.000M -$2.000M
YoY Change -150.0% -50.0%
% of Operating Profit
Other Income/Expense, Net -$3.000M
YoY Change
Pretax Income -$23.00M -$67.00M
YoY Change -65.67% 458.33%
Income Tax $0.00 -$4.000M
% Of Pretax Income
Net Earnings -$23.00M -$63.00M
YoY Change -63.49% 530.0%
Net Earnings / Revenue -3.65% -11.5%
Basic Earnings Per Share -$0.21 -$0.59
Diluted Earnings Per Share -$0.21 -$0.59
COMMON SHARES
Basic Shares Outstanding 108.0M 107.0M
Diluted Shares Outstanding 108.0M 107.0M

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.0M $131.0M
YoY Change -22.14% 7.38%
Cash & Equivalents $102.0M $131.0M
Short-Term Investments
Other Short-Term Assets $20.00M $24.00M
YoY Change -16.67% -44.19%
Inventory $491.0M $633.0M
Prepaid Expenses
Receivables $412.0M $413.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.025B $1.201B
YoY Change -14.65% -37.02%
LONG-TERM ASSETS
Property, Plant & Equipment $136.0M $159.0M
YoY Change -14.47% 11.19%
Goodwill $210.0M
YoY Change
Intangibles $156.0M
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.000M $7.000M
YoY Change -14.29% 0.0%
Total Long-Term Assets $638.0M $537.0M
YoY Change 18.81% -23.5%
TOTAL ASSETS
Total Short-Term Assets $1.025B $1.201B
Total Long-Term Assets $638.0M $537.0M
Total Assets $1.663B $1.738B
YoY Change -4.32% -33.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $305.0M $208.0M
YoY Change 46.63% -50.12%
Accrued Expenses $74.00M $94.00M
YoY Change -21.28% -12.96%
Deferred Revenue
YoY Change
Short-Term Debt $46.00M $52.00M
YoY Change -11.54%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $399.0M $302.0M
YoY Change 32.12% -42.59%
LONG-TERM LIABILITIES
Long-Term Debt $82.00M $55.00M
YoY Change 49.09% -59.26%
Other Long-Term Liabilities $1.000M $3.000M
YoY Change -66.67% -40.0%
Total Long-Term Liabilities $83.00M $58.00M
YoY Change 43.1% 1060.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $399.0M $302.0M
Total Long-Term Liabilities $83.00M $58.00M
Total Liabilities $488.0M $370.0M
YoY Change 31.89% -46.14%
SHAREHOLDERS EQUITY
Retained Earnings -$507.0M
YoY Change -1156.25%
Common Stock $1.986B
YoY Change 1.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.175B $1.368B
YoY Change
Total Liabilities & Shareholders Equity $1.663B $1.738B
YoY Change -4.32% -33.38%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$23.00M -$63.00M
YoY Change -63.49% 530.0%
Depreciation, Depletion And Amortization $13.00M $12.00M
YoY Change 8.33% 71.43%
Cash From Operating Activities -$21.00M $89.00M
YoY Change -123.6% -784.62%
INVESTING ACTIVITIES
Capital Expenditures $1.000M $1.000M
YoY Change 0.0% -66.67%
Acquisitions $3.000M
YoY Change
Other Investing Activities -$2.000M -$1.000M
YoY Change 100.0% -99.45%
Cash From Investing Activities -$2.000M $0.00
YoY Change -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 16.00M -57.00M
YoY Change -128.07% -142.86%
NET CHANGE
Cash From Operating Activities -21.00M 89.00M
Cash From Investing Activities -2.000M 0.000
Cash From Financing Activities 16.00M -57.00M
Net Change In Cash -7.000M 32.00M
YoY Change -121.88% -148.48%
FREE CASH FLOW
Cash From Operating Activities -$21.00M $89.00M
Capital Expenditures $1.000M $1.000M
Free Cash Flow -$22.00M $88.00M
YoY Change -125.0% -650.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2017Q1 us-gaap Net Income Loss
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CY2017Q1 us-gaap Earnings Per Share Diluted
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CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q1 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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CY2017Q1 us-gaap Comprehensive Income Net Of Tax
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CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2016Q1 us-gaap Increase Decrease In Other Operating Capital Net
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CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2017Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2016Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2017Q1 us-gaap Use Of Estimates
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<div> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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>
CY2017Q1 us-gaap Prior Period Reclassification Adjustment Description
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CY2013Q4 dnow Number Of Geographic Markets
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CY2017Q1 dnow Senior Secured Revolving Credit Facility Commitment
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