$DNOW
DNOW Inc.

2017 Q3 Form 10-Q Financial Statement

#000156459017020668 Filed on November 01, 2017

View on sec.gov

Income Statement

Concept 2017 Q3
Revenue $697.0M
YoY Change 34.04%
Cost Of Revenue $562.0M
YoY Change 29.79%
Gross Profit $135.0M
YoY Change 55.17%
Gross Profit Margin 19.37%
Selling, General & Admin $141.0M
YoY Change 0.71%
% of Gross Profit 104.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.00M
YoY Change -14.29%
% of Gross Profit 8.89%
Operating Expenses $141.0M
YoY Change 0.71%
Operating Profit -$6.000M
YoY Change -88.68%
Interest Expense -$2.000M
YoY Change -33.33%
% of Operating Profit
Other Income/Expense, Net -$1.000M
YoY Change
Pretax Income -$9.000M
YoY Change -83.93%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$9.000M
YoY Change -83.93%
Net Earnings / Revenue -1.29%
Basic Earnings Per Share -$0.08
Diluted Earnings Per Share -$0.08
COMMON SHARES
Basic Shares Outstanding 108.0M
Diluted Shares Outstanding 108.0M

Balance Sheet

Concept 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $99.00M
YoY Change -24.43%
Cash & Equivalents $99.00M
Short-Term Investments
Other Short-Term Assets $22.00M
YoY Change 0.0%
Inventory $562.0M
Prepaid Expenses
Receivables $466.0M
Other Receivables $0.00
Total Short-Term Assets $1.149B
YoY Change 12.21%
LONG-TERM ASSETS
Property, Plant & Equipment $126.0M
YoY Change -17.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.000M
YoY Change -33.33%
Total Long-Term Assets $631.0M
YoY Change -8.15%
TOTAL ASSETS
Total Short-Term Assets $1.149B
Total Long-Term Assets $631.0M
Total Assets $1.780B
YoY Change 4.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $310.0M
YoY Change 60.62%
Accrued Expenses $84.00M
YoY Change 13.51%
Deferred Revenue
YoY Change
Short-Term Debt $35.00M
YoY Change -33.96%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $422.0M
YoY Change 44.52%
LONG-TERM LIABILITIES
Long-Term Debt $163.0M
YoY Change 12.41%
Other Long-Term Liabilities $1.000M
YoY Change -50.0%
Total Long-Term Liabilities $164.0M
YoY Change 11.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $422.0M
Total Long-Term Liabilities $164.0M
Total Liabilities $593.0M
YoY Change 33.86%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.187B
YoY Change
Total Liabilities & Shareholders Equity $1.780B
YoY Change 4.03%

Cashflow Statement

Concept 2017 Q3
OPERATING ACTIVITIES
Net Income -$9.000M
YoY Change -83.93%
Depreciation, Depletion And Amortization $12.00M
YoY Change -14.29%
Cash From Operating Activities -$33.00M
YoY Change -206.45%
INVESTING ACTIVITIES
Capital Expenditures -$2.000M
YoY Change 100.0%
Acquisitions
YoY Change
Other Investing Activities $1.000M
YoY Change
Cash From Investing Activities -$1.000M
YoY Change 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 34.00M
YoY Change -197.14%
NET CHANGE
Cash From Operating Activities -33.00M
Cash From Investing Activities -1.000M
Cash From Financing Activities 34.00M
Net Change In Cash 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$33.00M
Capital Expenditures -$2.000M
Free Cash Flow -$31.00M
YoY Change -196.88%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7430510
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-151000000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-191000000
CY2017Q3 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.016
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
33000000
us-gaap Use Of Estimates
UseOfEstimates
<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>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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;">Reclassification</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;">Certain amounts in the prior periods presented have been reclassified to conform to the current period financial statement presentation. These reclassifications have no effect on previously reported results of operations.</p></div>
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
236000000
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
93000000
dnow Senior Secured Revolving Credit Facility Commitment
SeniorSecuredRevolvingCreditFacilityCommitment
750000000
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2019-04-18
dnow Operating Profit Loss Margin
OperatingProfitLossMargin
-0.021
CY2017Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8141971
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8038097
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7264566
CY2017Q3 dnow Net Income Loss Attributable To Shareholders
NetIncomeLossAttributableToShareholders
-9000000
CY2016Q3 dnow Net Income Loss Attributable To Shareholders
NetIncomeLossAttributableToShareholders
-56000000
dnow Net Income Loss Attributable To Shareholders
NetIncomeLossAttributableToShareholders
-49000000
dnow Net Income Loss Attributable To Shareholders
NetIncomeLossAttributableToShareholders
-163000000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
915037
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.07
CY2017Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16000000
CY2016Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5000000
CY2017Q3 dnow Operating Profit Loss Margin
OperatingProfitLossMargin
-0.009
CY2016Q3 dnow Operating Profit Loss Margin
OperatingProfitLossMargin
-0.102
us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.006
CY2016Q3 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.002
CY2017Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
35000000
CY2017Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
10000000

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