$INVX
Innovex International, Inc. Stock $invx

$invx Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000104289317000006 Filed on April 27, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$119.2M	$166.6M
YoY Change	-28.42%	-26.3%
Cost Of Revenue	$82.44M	$93.10M
YoY Change	-11.45%	-25.61%
Gross Profit	$36.79M	$73.47M
YoY Change	-49.92%	-27.16%
Gross Profit Margin	30.86%	44.11%
Selling, General & Admin	$25.81M	$13.22M
YoY Change	95.2%	-22.04%
% of Gross Profit	70.15%	18.0%
Research & Development	$11.90M	$10.90M
YoY Change	9.17%	-10.66%
% of Gross Profit	32.35%	14.84%
Depreciation & Amortization	$9.832M	$7.775M
YoY Change	26.46%	4.29%
% of Gross Profit	26.73%	10.58%
Operating Expenses	$25.81M	$13.22M
YoY Change	95.2%	-22.04%
Operating Profit	-$870.0K	$49.34M
YoY Change	-101.76%	-31.17%
Interest Expense	$15.00K	$4.000K
YoY Change	275.0%	33.33%
% of Operating Profit		0.01%
Other Income/Expense, Net
YoY Change
Pretax Income	$52.00K	$49.82M
YoY Change	-99.9%	-30.55%
Income Tax	-$42.00K	$13.05M
% Of Pretax Income	-80.77%	26.2%
Net Earnings	$94.00K	$36.77M
YoY Change	-99.74%	-31.48%
Net Earnings / Revenue	0.08%	22.08%
Basic Earnings Per Share	$0.00	$0.97
Diluted Earnings Per Share	$0.00	$0.97
COMMON SHARES
Basic Shares Outstanding	37.53M shares	37.75M shares
Diluted Shares Outstanding	37.69M shares	37.85M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$414.2M	$423.4M
YoY Change	-2.17%	13.18%
Cash & Equivalents	$414.2M	$423.4M
Short-Term Investments
Other Short-Term Assets	$37.81M	$45.18M
YoY Change	-16.33%	17.57%
Inventory	$346.7M	$343.1M
Prepaid Expenses
Receivables	$208.5M	$328.1M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.007B	$1.165B
YoY Change	-13.51%	3.66%
LONG-TERM ASSETS
Property, Plant & Equipment	$320.0M	$294.9M
YoY Change	8.49%	-1.98%
Goodwill	$46.51M
YoY Change
Intangibles	$48.25M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$16.79M	$10.90M
YoY Change	54.0%	-6.13%
Total Long-Term Assets	$446.3M	$305.8M
YoY Change	45.91%	-2.14%
TOTAL ASSETS
Total Short-Term Assets	$1.007B	$1.165B
Total Long-Term Assets	$446.3M	$305.8M
Total Assets	$1.453B	$1.470B
YoY Change	-1.15%	2.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$25.70M	$33.51M
YoY Change	-23.32%	-43.86%
Accrued Expenses	$28.90M	$30.70M
YoY Change	-5.86%	-25.3%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$83.19M	$104.9M
YoY Change	-20.69%	-34.99%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$83.19M	$104.9M
Total Long-Term Liabilities	$0.00	$0.00
Total Liabilities	$85.49M	$107.2M
YoY Change	-20.22%	-35.42%
SHAREHOLDERS EQUITY
Retained Earnings	$1.501B	$1.462B
YoY Change	2.67%	9.75%
Common Stock	$9.462M	$3.712M
YoY Change	154.9%	-81.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.368B	$1.363B
YoY Change
Total Liabilities & Shareholders Equity	$1.453B	$1.470B
YoY Change	-1.15%	2.4%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$94.00K	$36.77M
YoY Change	-99.74%	-31.48%
Depreciation, Depletion And Amortization	$9.832M	$7.775M
YoY Change	26.46%	4.29%
Cash From Operating Activities	$11.48M	$52.52M
YoY Change	-78.15%	-39.7%
INVESTING ACTIVITIES
Capital Expenditures	$4.847M	$7.732M
YoY Change	-37.31%	25.6%
Acquisitions	$19.87M	$0.00
YoY Change
Other Investing Activities	-$19.40M	$100.0K
YoY Change	-19500.0%	0.0%
Cash From Investing Activities	-$24.28M	-$7.656M
YoY Change	217.1%	27.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00	$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$403.0K	$166.0K
YoY Change	142.77%	-44.67%
NET CHANGE
Cash From Operating Activities	$11.48M	$52.52M
Cash From Investing Activities	-$24.28M	-$7.656M
Cash From Financing Activities	$403.0K	$166.0K
Net Change In Cash	-$12.40M	$45.03M
YoY Change	-127.53%	-44.68%
FREE CASH FLOW
Cash From Operating Activities	$11.48M	$52.52M
Capital Expenditures	$4.847M	$7.732M
Free Cash Flow	$6.629M	$44.79M
YoY Change	-85.2%	-44.66%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001042893
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	37834392	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	DRIL-QUIP INC
CY2017Q1	dei	Trading Symbol TradingSymbol	DRQ
CY2016Q1	drq	Allocated Share Based Compensation Expense Capitalized AllocatedShareBasedCompensationExpenseCapitalized	0	USD
CY2017Q1	drq	Allocated Share Based Compensation Expense Capitalized AllocatedShareBasedCompensationExpenseCapitalized	0	USD
CY2016Q1	drq	Engineering And Product Development EngineeringAndProductDevelopment	10901000	USD
CY2017Q1	drq	Engineering And Product Development EngineeringAndProductDevelopment	11850000	USD
CY2017Q1	drq	Number Of Geographic Segments NumberOfGeographicSegments	3	Segment
CY2017Q1	drq	Number Of Head Quarter Locations NumberOfHeadQuarterLocations	3	Location
CY2017Q1	drq	Number Of Product Revenue Sources NumberOfProductRevenueSources	2	Method
CY2016Q1	drq	Number Of Projects NumberOfProjects	9	Project
CY2017Q1	drq	Number Of Projects NumberOfProjects	6	Project
CY2017Q1	drq	Number Of Service Revenue Sources NumberOfServiceRevenueSources	3	Source
CY2016Q1	drq	Percentage Of Cumulative Revenue PercentageOfCumulativeRevenue	0.15
CY2017Q1	drq	Percentage Of Cumulative Revenue PercentageOfCumulativeRevenue	0.12
CY2016Q1	drq	Percentage Of Product Revenue PercentageOfProductRevenue	0.18
CY2017Q1	drq	Percentage Of Product Revenue PercentageOfProductRevenue	0.16
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	36108000	USD
CY2017Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	25696000	USD
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	213513000	USD
CY2017Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	208496000	USD
CY2016Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	24543000	USD
CY2017Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	21961000	USD
CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	-150407000	USD
CY2017Q1	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	-142548000	USD
CY2016Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	5468000	USD
CY2017Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	9087000	USD
CY2016Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	0	USD
CY2017Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	700000	USD
CY2016Q4	us-gaap	Assets Assets	1461404000	USD
CY2017Q1	us-gaap	Assets Assets	1453487000	USD
CY2016Q4	us-gaap	Assets Current AssetsCurrent	1056711000	USD
CY2017Q1	us-gaap	Assets Current AssetsCurrent	1007229000	USD
CY2016Q4	us-gaap	Billings In Excess Of Cost BillingsInExcessOfCost	11884000	USD
CY2017Q1	us-gaap	Billings In Excess Of Cost BillingsInExcessOfCost	6629000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	381336000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	423366000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	423497000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	414190000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	42030000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-9307000	USD
CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2017Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2017Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	37797317	shares
CY2017Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	37831982	shares
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	37797317	shares
CY2017Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	37831982	shares
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	375000	USD
CY2017Q1	us-gaap	Common Stock Value CommonStockValue	375000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	35503000	USD
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	7953000	USD
CY2016Q1	us-gaap	Cost Of Goods Sold CostOfGoodsSold	76922000	USD
CY2017Q1	us-gaap	Cost Of Goods Sold CostOfGoodsSold	66462000	USD
CY2016Q1	us-gaap	Cost Of Revenue CostOfRevenue	93096000	USD
CY2017Q1	us-gaap	Cost Of Revenue CostOfRevenue	82440000	USD
CY2016Q1	us-gaap	Cost Of Services CostOfServices	16174000	USD
CY2017Q1	us-gaap	Cost Of Services CostOfServices	15978000	USD
CY2016Q1	us-gaap	Costs And Expenses CostsAndExpenses	117218000	USD
CY2017Q1	us-gaap	Costs And Expenses CostsAndExpenses	120098000	USD
CY2016Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-962000	USD
CY2017Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1121000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	1699000	USD
CY2017Q1	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	23139000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	24497000	USD
CY2017Q1	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	0	USD
CY2016Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	3500000	USD
CY2017Q1	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	2298000	USD
CY2014Q4	us-gaap	Deposits Assets DepositsAssets	3100000	USD
CY2016Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	7775000	USD
CY2017Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	9832000	USD
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.97
CY2017Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.00
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.97
CY2017Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.00
CY2016Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-3003000	USD
CY2017Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	3091000	USD
CY2016Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	10829000	USD
CY2017Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	12468000	USD
CY2016Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	11000	USD
CY2017Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	0	USD
CY2016Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	11000	USD
CY2017Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	0	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	462000	USD
CY2017Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1120000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	30056000	USD
CY2017Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	40963000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	29594000	USD
CY2017Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	39843000	USD
CY2016Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	13000	USD
CY2017Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	0	USD
CY2016Q4	us-gaap	Goodwill Goodwill	34371000	USD
CY2017Q1	us-gaap	Goodwill Goodwill	46514000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	49821000	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	52000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13052000	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-42000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	4766000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-22231000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	8942000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-7044000	USD
CY2016Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1899000	USD
CY2017Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-11591000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-8050000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-3051000	USD
CY2016Q4	us-gaap	Indefinite Lived Trademarks IndefiniteLivedTrademarks	8416000	USD
CY2017Q1	us-gaap	Indefinite Lived Trademarks IndefiniteLivedTrademarks	8408000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	29594000	USD
CY2017Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	39843000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	4000	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	15000	USD
CY2016Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	233732000	USD
CY2017Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	235783000	USD
CY2016Q4	us-gaap	Inventory Gross InventoryGross	401061000	USD
CY2017Q1	us-gaap	Inventory Gross InventoryGross	394007000	USD
CY2016Q4	us-gaap	Inventory Net InventoryNet	355413000	USD
CY2017Q1	us-gaap	Inventory Net InventoryNet	346737000	USD
CY2016Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	85684000	USD
CY2017Q1	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	82154000	USD
CY2016Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	45648000	USD
CY2017Q1	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	47270000	USD
CY2016Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	81645000	USD
CY2017Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	76070000	USD
CY2016Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	482000	USD
CY2017Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	937000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	104980000	USD
CY2017Q1	us-gaap	Liabilities Liabilities	85491000	USD
CY2016Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2017Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	19869000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	15880000	USD
CY2017Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	16788000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-1266000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	7859000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1461404000	USD
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1453487000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	101480000	USD
CY2017Q1	us-gaap	Liabilities Current LiabilitiesCurrent	83193000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	166000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	403000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-7656000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-24277000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	52523000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	11476000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	36769000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	94000	USD
CY2016Q4	us-gaap	Noncurrent Assets NoncurrentAssets	404693000	USD
CY2017Q1	us-gaap	Noncurrent Assets NoncurrentAssets	446258000	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	49343000	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-870000	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	18116000	USD
CY2017Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	16439000	USD
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	39791000	USD
CY2017Q1	us-gaap	Other Assets Current OtherAssetsCurrent	37806000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7732000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4847000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2017Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Machinery And Equipment ProceedsFromSaleOfMachineryAndEquipment	76000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Machinery And Equipment ProceedsFromSaleOfMachineryAndEquipment	439000	USD
CY2016Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	155000	USD
CY2017Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	403000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	323149000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	319974000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1500988000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1501082000	USD
CY2016Q1	us-gaap	Revenues Revenues	166561000	USD
CY2017Q1	us-gaap	Revenues Revenues	119228000	USD
CY2016Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	135194000	USD
CY2017Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	91592000	USD
CY2016Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	31367000	USD
CY2017Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	27636000	USD
CY2016Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	13221000	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	25808000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3200000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3192000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3200000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3216000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	1356424000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	1367996000	USD
CY2016Q4	us-gaap	Unbilled Receivables Not Billable At Balance Sheet Date Amount Expected To Be Collected Within One Year UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedWithinOneYear	56800000	USD
CY2017Q1	us-gaap	Unbilled Receivables Not Billable At Balance Sheet Date Amount Expected To Be Collected Within One Year UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedWithinOneYear	55600000	USD
CY2016Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	95000	shares
CY2017Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	168000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37847000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37693000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37752000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37525000	shares
CY2017Q1	us-gaap	Revenue Recognition Percentage Of Completion Method RevenueRecognitionPercentageOfCompletionMethod	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenues recognized under the percentage-of-completion method</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company uses the percentage-of-completion method on long-term project contracts that have the following characteristics:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the contracts call for products which are designed to customer specifications;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the structural designs are unique and require significant engineering and manufacturing efforts generally requiring more than one year in duration;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the contracts contain specific terms as to milestones, progress billings and delivery dates; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">product requirements cannot be filled directly from the Company’s standard inventory.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For each project, the Company prepares a detailed analysis of estimated costs, profit margin, completion date and risk factors which include availability of material, production efficiencies and other factors that may impact the project. On a quarterly basis, management reviews the progress of each project, which may result in revisions of previous estimates, including revenue recognition. The Company calculates the percentage complete and applies the percentage to determine the revenues earned and the appropriate portion of total estimated costs to be recognized. Losses, if any, are recorded in full in the period they become known. Historically, the Company’s estimates of total costs and costs to complete have approximated actual costs incurred to complete the project.</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the percentage-of-completion method, billings may not correlate directly to the revenue recognized. Based upon the terms of the specific contract, billings may be in excess of the revenue recognized, in which case the amounts are included in customer prepayments as a liability on the Condensed Consolidated Balance Sheets. Likewise, revenue recognized may exceed customer billings in which case the amounts are reported in trade receivables. Unbilled revenues are expected to be billed and collected within one year. </font></div></div>
CY2017Q1	us-gaap	Revenue Recognition Sales Of Goods RevenueRecognitionSalesOfGoods	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition</font></div><div style="line-height:120%;padding-top:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Product revenues</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes product revenues from </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> methods:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">product revenues recognized under the percentage-of-completion method; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">product revenues from the sale of products that do not qualify for the percentage-of-completion method.</font></div></td></tr></table></div>
CY2017Q1	us-gaap	Revenue Recognition Sales Of Services RevenueRecognitionSalesOfServices	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Service revenues</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes service revenues from </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> sources:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">technical advisory assistance;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">rental of running tools; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">rework and reconditioning of customer-owned Dril-Quip products.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company does not install products for its customers, but it does provide technical advisory assistance. At the time of delivery of the product, the customer is not obligated to buy or rent the Company’s running tools and the Company is not obligated to perform any subsequent services relating to installation. Technical advisory assistance service revenue is recorded at the time the service is rendered. Service revenues associated with the rental of running and installation tools are recorded as earned. Rework and reconditioning service revenues are recorded when the refurbishment process is complete.</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company normally negotiates contracts for products, including those accounted for under the percentage-of-completion method, and services separately. For all product sales, it is the customer’s decision as to the timing of the product installation as well as whether Dril-Quip running tools will be purchased or rented. Furthermore, the customer is under no obligation to utilize the Company’s technical advisory assistance services. The customer may use a third party or their own personnel.</font></div></div>
CY2017Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent 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. Some of the Company’s more significant estimates are those affected by critical accounting policies for revenue recognition, inventories and contingent liabilities.</font></div></div>

Files In Submission

Name	View Source	Status
0001042893-17-000006-index-headers.html	Edgar Link	pending
0001042893-17-000006-index.html	Edgar Link	pending
0001042893-17-000006.txt	Edgar Link	pending
0001042893-17-000006-xbrl.zip	Edgar Link	pending
a201733110-q.htm	Edgar Link	pending
drq-20170331.xml	Edgar Link	completed
drq-20170331.xsd	Edgar Link	pending
drq-20170331_cal.xml	Edgar Link	unprocessable
drq-20170331_def.xml	Edgar Link	unprocessable
drq-20170331_lab.xml	Edgar Link	unprocessable
drq-20170331_pre.xml	Edgar Link	unprocessable
exhibit3112017q1.htm	Edgar Link	pending
exhibit3122017q1.htm	Edgar Link	pending
exhibit3212017q1.htm	Edgar Link	pending
exhibit3222017q1.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$INVX
Innovex International, Inc. Stock $invx

2017 Q1 Form 10-Q Financial Statement

#000104289317000006 Filed on April 27, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$INVX Innovex International, Inc. Stock $invx

2017 Q1 Form 10-Q Financial Statement

#000104289317000006 Filed on April 27, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$INVX
Innovex International, Inc. Stock $invx