$DNOW
DNOW Inc.

2020 Q3 Form 10-Q Financial Statement

#000156459020050250 Filed on November 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q4 2019 Q3
Revenue $326.0M $639.0M $751.0M
YoY Change -56.59% -16.36% -8.64%
Cost Of Revenue $264.0M $514.0M $601.0M
YoY Change -56.07% -15.32% -8.1%
Gross Profit $62.00M $125.0M $150.0M
YoY Change -58.67% -20.38% -10.71%
Gross Profit Margin 19.02% 19.56% 19.97%
Selling, General & Admin $83.00M $132.0M $135.0M
YoY Change -38.52% -2.22% -4.93%
% of Gross Profit 133.87% 105.6% 90.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.000M $11.00M $10.00M
YoY Change -40.0% 10.0% 11.11%
% of Gross Profit 9.68% 8.8% 6.67%
Operating Expenses $83.00M $134.0M $136.0M
YoY Change -38.97% -0.74% -4.23%
Operating Profit -$21.00M -$137.0M $14.00M
YoY Change -250.0% -722.73% -46.15%
Interest Expense $0.00 -$2.000M -$2.000M
YoY Change -100.0% -50.0% -50.0%
% of Operating Profit -14.29%
Other Income/Expense, Net
YoY Change
Pretax Income -$21.00M -$139.0M $12.00M
YoY Change -275.0% -872.22% -45.45%
Income Tax $1.000M $0.00 $2.000M
% Of Pretax Income 16.67%
Net Earnings -$22.00M -$139.0M $10.00M
YoY Change -320.0% -968.75% -50.0%
Net Earnings / Revenue -6.75% -21.75% 1.33%
Basic Earnings Per Share -$0.20 -$1.27 $0.09
Diluted Earnings Per Share -$0.20 -$1.27 $0.09
COMMON SHARES
Basic Shares Outstanding 109.4M 108.8M
Diluted Shares Outstanding 109.4M 109.1M

Balance Sheet

Concept 2020 Q3 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $325.0M $183.0M $113.0M
YoY Change 187.61% 57.76% 24.18%
Cash & Equivalents $325.0M $183.0M $113.0M
Short-Term Investments
Other Short-Term Assets $22.00M $49.00M $21.00M
YoY Change 4.76% 157.89% -8.7%
Inventory $318.0M $465.0M $548.0M
Prepaid Expenses
Receivables $213.0M $370.0M $466.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $878.0M $1.067B $1.148B
YoY Change -23.52% -12.47% -9.75%
LONG-TERM ASSETS
Property, Plant & Equipment $101.0M $120.0M $117.0M
YoY Change -13.68% 13.21% 11.43%
Goodwill $245.0M $320.0M
YoY Change -21.97%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $60.00M $67.00M $70.00M
YoY Change -14.29% 570.0% 483.33%
Total Long-Term Assets $161.0M $524.0M $642.0M
YoY Change -74.92% -9.03% 9.0%
TOTAL ASSETS
Total Short-Term Assets $878.0M $1.067B $1.148B
Total Long-Term Assets $161.0M $524.0M $642.0M
Total Assets $1.039B $1.591B $1.790B
YoY Change -41.96% -11.36% -3.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $163.0M $255.0M $326.0M
YoY Change -50.0% -22.49% -8.43%
Accrued Expenses $94.00M $127.0M $136.0M
YoY Change -30.88% 15.45% 61.9%
Deferred Revenue $21.00M $34.00M $34.00M
YoY Change -38.24% 17.24% 41.67%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $7.000M $6.000M
YoY Change
Total Short-Term Liabilities $264.0M $396.0M $470.0M
YoY Change -43.83% -10.2% 0.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $10.00M $10.00M
YoY Change -100.0% -92.42% -94.12%
Other Long-Term Liabilities $44.00M $13.00M $12.00M
YoY Change 266.67% 550.0% 1100.0%
Total Long-Term Liabilities $44.00M $13.00M $12.00M
YoY Change 266.67% -90.3% -92.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $264.0M $396.0M $470.0M
Total Long-Term Liabilities $44.00M $13.00M $12.00M
Total Liabilities $308.0M $447.0M $523.0M
YoY Change -41.11% -23.06% -18.79%
SHAREHOLDERS EQUITY
Retained Earnings -$775.0M -$636.0M
YoY Change 14.31%
Common Stock $2.047B $2.046B
YoY Change 0.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $731.0M $1.144B $1.267B
YoY Change
Total Liabilities & Shareholders Equity $1.039B $1.591B $1.790B
YoY Change -41.96% -11.36% -3.82%

Cashflow Statement

Concept 2020 Q3 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$22.00M -$139.0M $10.00M
YoY Change -320.0% -968.75% -50.0%
Depreciation, Depletion And Amortization $6.000M $11.00M $10.00M
YoY Change -40.0% 10.0% 11.11%
Cash From Operating Activities $59.00M $74.00M $101.0M
YoY Change -41.58% -1.33% 339.13%
INVESTING ACTIVITIES
Capital Expenditures -$2.000M -$5.000M -$4.000M
YoY Change -50.0% -16.67% 100.0%
Acquisitions
YoY Change
Other Investing Activities $1.000M $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.000M -$5.000M -$4.000M
YoY Change -75.0% -16.67% 300.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.000M -2.000M -63.00M
YoY Change -96.83% -94.74% 162.5%
NET CHANGE
Cash From Operating Activities 59.00M 74.00M 101.0M
Cash From Investing Activities -1.000M -5.000M -4.000M
Cash From Financing Activities -2.000M -2.000M -63.00M
Net Change In Cash 56.00M 67.00M 34.00M
YoY Change 64.71% 116.13% -1800.0%
FREE CASH FLOW
Cash From Operating Activities $59.00M $74.00M $101.0M
Capital Expenditures -$2.000M -$5.000M -$4.000M
Free Cash Flow $61.00M $79.00M $105.0M
YoY Change -41.9% -2.47% 320.0%

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467610
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
109379627
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
109134331
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
109323228
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
109169749
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
697317
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.59
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000000
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12000000
CY2020Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
10000000

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