Dril-quip, inc. (DRQ)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating activities
Net loss

1,720

-95,695

-100,639

93,221

192,008

208,712

169,827

119,209

95,267

102,226

105,141

105,585

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization

34,020

35,312

40,974

31,857

30,477

31,155

29,340

26,224

23,013

20,875

17,997

16,854

Release of contingent consideration

-2,001

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

15,721

13,459

14,270

12,217

13,125

11,856

8,900

5,748

4,542

4,960

3,975

3,181

Restructuring and other charges

174

98,602

60,968

0

-

-

-

-

-

-

-

-

Impairment and other charges

-

-

-

-

0

-

-

-

-

-

-

-

Gain on sale of assets

1,511

6,198

168

103

-69

146

-124

-239

-

-

-

-

Loss (gain) on sale of equipment

-

-

-

-

-

-

-

-

116

214

132

102

Deferred income taxes

598

-4,091

17,231

-3,400

-3,465

-3,145

-1,235

338

-1,512

-1,933

-5,540

-1,297

Special items-non-cash

-

-

-

-

-

-

-

-

1,351

1,979

1,272

-

Changes in operating assets and liabilities:
Trade receivables, net

-10,783

-17,988

-6,200

-106,544

-36,729

102,696

17,250

81,566

22,699

28,746

-51,461

46,853

Unbilled receivables

57,032

29,843

-19,912

-

-

-

-

-

-

-

-

-

Inventories, net

14,054

-49,926

-37,642

-7,873

-28,539

36,814

10,562

81,884

37,490

-7,257

19,280

62,139

Prepaids and other assets

-10,980

15,084

-10,107

-9,816

17,883

13,239

-6,161

8,510

1,192

6,468

5,909

-773

Excess tax benefits of stock options and awards

-

-

-

135

70

558

2,863

1,487

1,172

2,770

7,833

399

Accounts payable and accrued expenses

15,343

-18,755

1,765

-11,368

-89,374

54,188

-20,213

13,530

41,862

9,994

-4,740

25,074

Other, net

-63

-118

-269

0

0

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

14,678

45,503

107,993

246,522

190,155

149,313

162,229

-8,159

101,854

107,160

136,412

40,677

Investing activities
Purchase of property, plant and equipment

11,501

32,061

27,622

25,763

27,079

42,549

42,633

50,773

56,213

74,815

44,749

50,134

Proceeds from sale of equipment

3,030

16,888

3,170

357

424

978

760

1,774

2,026

1,865

424

607

Acquisition of business, net of cash acquired

-

-

20,440

132,443

0

0

-

-

-

-

-

-

Net cash used in investing activities

-8,471

-15,173

-44,892

-157,849

-26,655

-41,571

-41,873

-48,999

-54,187

-72,950

-44,325

-49,527

Financing activities
Principal payments on debt

-

-

-

-

-

-

-

39

269

679

695

812

Proceeds from exercise of stock options

2,181

1,616

560

2,206

2,170

2,849

10,506

10,809

4,195

12,543

6,298

376

Excess tax benefits of stock options and awards

-

-

-

135

70

558

2,863

1,487

1,172

2,770

7,833

399

ABL Credit Facility issuance costs

-

815

-

0

-

-

-

-

-

-

-

-

Repurchase of common shares

26,570

100,000

-

24,234

75,805

190,234

10,002

-

-

-

-

100,038

Other

-183

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-24,572

-99,199

560

-21,893

-73,565

-186,827

3,367

12,257

5,098

14,634

13,436

-100,075

Effect of exchange rate changes on cash activities

-789

-6,211

6,022

-24,619

-7,304

-6,566

3,442

3,516

-39

-786

-3,683

3,145

Decrease in cash and cash equivalents

-19,154

-75,080

69,683

42,161

82,631

-85,651

127,165

-41,385

52,726

48,058

101,840

-105,780