Dril-quip, inc. (DRQ)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenues:
Revenues from products and services

86,372

97,844

99,735

93,808

83,910

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leasing

9,626

10,610

8,492

10,000

10,407

11,882

12,469

12,144

10,665

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

95,998

108,454

108,227

103,808

94,317

97,335

93,257

94,861

99,173

107,973

100,346

127,922

119,228

106,091

123,640

142,439

166,561

201,630

201,402

215,276

226,002

254,819

241,750

230,315

204,073

232,462

224,724

222,031

193,155

188,477

190,860

176,570

177,124

171,646

155,035

136,994

137,667

141,595

140,123

142,000

142,533

138,157

133,186

Cost of sales:
Total cost of sales

71,414

75,741

76,023

73,867

69,376

73,438

71,113

75,537

73,485

97,204

63,050

87,549

82,440

77,794

77,633

79,881

93,096

108,352

108,132

117,664

125,138

142,497

135,250

124,993

110,787

132,244

132,131

133,203

116,328

114,470

121,821

108,325

107,050

103,248

96,487

82,000

80,113

81,822

79,421

79,549

81,815

78,260

77,407

Selling, general and administrative

21,416

21,441

27,962

22,835

24,544

23,581

27,093

22,869

27,547

28,528

27,985

31,267

25,808

21,759

12,504

5,762

13,221

20,173

17,280

33,633

16,958

22,462

20,845

25,520

23,935

26,074

29,830

23,273

15,629

23,604

20,764

17,418

20,432

17,938

18,274

16,037

18,261

15,958

15,601

16,077

13,433

13,260

12,897

Engineering and product development

5,525

4,801

3,754

5,157

3,617

5,173

5,404

5,302

4,418

-12,563

10,379

10,308

11,850

11,275

10,570

11,579

10,901

12,797

11,735

11,400

12,213

11,625

12,663

10,848

10,784

10,976

10,778

9,340

9,021

8,815

9,552

9,478

9,610

8,901

8,498

8,529

8,698

7,978

7,387

7,051

6,786

6,979

6,571

Impairments

7,719

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and other charges

32,713

-

546

1,019

2,396

-

3,745

-

-

-

60,968

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of assets

467

28

280

1,190

13

1,063

14

5,099

22

-

-9

88

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Special items

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,759

0

0

5,901

5,224

0

Total costs and expenses

138,320

102,390

108,005

101,688

99,920

195,964

107,341

98,609

105,450

113,080

162,391

129,036

120,098

110,725

100,707

97,222

117,218

141,322

137,147

162,697

154,309

176,584

168,758

161,361

145,506

169,294

172,739

165,816

140,978

146,889

152,137

135,221

137,092

134,806

123,259

106,566

107,072

114,517

102,409

102,677

107,935

103,723

96,875

Operating loss

-42,322

6,064

222

2,120

-5,603

-98,629

-14,084

-3,748

-6,277

-5,107

-62,045

-1,114

-870

-4,634

22,933

45,217

49,343

60,308

64,255

52,579

71,693

78,235

72,992

68,954

58,567

63,168

51,985

56,215

52,177

41,588

38,723

41,349

40,032

36,840

31,776

30,428

30,595

27,078

37,714

39,323

34,598

34,434

36,311

Interest income

1,206

1,348

1,906

2,680

2,006

2,075

1,893

2,275

1,797

600

957

1,070

937

1,069

945

541

482

389

345

165

49

112

206

266

83

101

203

167

116

133

148

78

103

149

84

86

99

86

105

69

61

66

132

Interest expense

191

167

26

0

121

-57

195

151

2

27

12

18

15

13

1

10

4

2

4

3

3

20

3

5

7

11

4

6

14

11

7

9

5

16

15

11

11

78

15

11

27

20

29

Loss before income taxes

-41,307

7,245

2,102

4,800

-3,718

-96,497

-12,386

-1,624

-4,482

-4,534

-61,100

-62

52

-3,578

23,877

45,748

49,821

60,695

64,596

52,741

71,739

78,327

73,195

69,215

58,643

63,258

52,184

56,376

52,279

41,710

38,864

41,418

40,130

36,973

31,845

30,503

30,683

27,086

37,804

39,381

34,632

34,480

36,414

Income tax provision (benefit)

-21,609

-155

3,412

3,119

2,333

-21,585

-2,028

1,418

2,901

66,954

-31,840

-77

-42

-4,880

4,864

9,611

13,052

12,341

13,819

13,528

18,075

19,240

17,512

17,891

16,025

16,195

12,189

13,449

12,437

10,758

9,207

11,615

11,333

8,849

8,582

8,295

9,011

6,212

10,147

11,383

8,935

9,396

9,707

Net loss

-19,698

7,400

-1,310

1,681

-6,051

-74,912

-10,358

-3,042

-7,383

-71,488

-29,260

15

94

1,302

19,013

36,137

36,769

48,354

50,777

39,213

53,664

59,087

55,683

51,324

42,618

47,063

39,995

42,927

39,842

30,952

29,657

29,803

28,797

28,124

23,263

22,208

21,672

20,874

27,657

27,998

25,697

25,084

26,707

Loss per common share:
Basic (in dollars per share)

-0.55

0.21

-0.04

0.05

-0.17

-2.02

-0.28

-0.08

-0.20

-1.91

-0.78

0.00

0.00

0.04

0.51

0.96

0.97

1.29

1.32

1.01

1.38

1.49

1.41

1.27

1.05

1.16

0.98

1.06

0.98

0.77

0.73

0.74

0.72

0.71

0.58

0.55

0.54

0.53

0.69

0.70

0.65

0.64

0.68

Diluted (in dollars per share)

-0.55

0.21

-0.04

0.05

-0.17

-2.02

-0.28

-0.08

-0.20

-1.91

-0.78

0.00

0.00

0.03

0.51

0.96

0.97

1.27

1.32

1.01

1.38

1.48

1.40

1.27

1.04

1.15

0.98

1.05

0.98

0.76

0.73

0.74

0.71

0.69

0.58

0.55

0.54

0.52

0.69

0.70

0.64

0.63

0.68

Weighted average common shares outstanding:
Basic (in shares)

35,695

36,271

35,559

35,967

35,559

35,837

37,119

37,615

37,729

37,247

37,528

37,528

37,525

37,461

37,371

37,564

37,752

37,650

38,347

38,686

38,773

39,221

39,630

40,327

40,678

40,744

40,683

40,636

40,529

40,453

40,423

40,268

40,184

40,118

40,059

40,058

40,049

39,935

39,830

39,819

39,728

39,113

39,026

Diluted (in shares)

35,695

37,280

35,559

36,210

35,559

35,837

37,119

37,615

37,729

36,889

37,528

37,718

37,693

37,554

37,554

37,713

37,847

37,748

38,548

38,888

38,940

39,431

39,880

40,562

40,887

41,015

40,911

40,821

40,713

40,639

40,589

40,453

40,411

40,360

40,296

40,312

40,320

40,210

40,035

40,023

39,972

39,565

39,433

Products
Revenues from products and services

67,558

78,761

81,851

77,233

65,434

66,042

63,246

64,719

71,045

81,563

75,885

102,092

91,592

80,493

101,277

116,048

135,194

163,951

157,790

176,099

187,524

212,463

198,827

189,914

172,001

194,836

187,437

188,859

160,485

154,372

159,465

146,675

149,706

142,749

134,238

114,479

120,184

121,503

120,526

122,188

121,833

117,508

113,400

Total cost of sales

53,645

59,758

58,632

53,568

51,544

53,967

53,342

57,916

57,343

80,640

48,761

74,991

66,462

62,197

63,879

65,407

76,922

89,646

88,923

98,349

106,007

118,944

113,642

104,208

91,331

113,190

113,184

113,312

96,673

96,946

103,614

91,830

92,123

87,776

80,713

68,585

66,921

70,175

66,513

66,539

69,392

66,136

65,699

Services
Revenues from products and services

18,814

19,083

17,884

16,575

18,476

19,411

17,542

17,998

17,463

-15,982

24,461

25,830

27,636

-16,027

22,363

26,391

31,367

37,679

43,612

39,177

38,478

42,356

42,923

40,401

32,072

37,626

37,287

33,172

32,670

34,105

31,395

29,895

27,418

28,897

20,797

22,515

17,483

20,092

19,597

19,812

20,700

20,649

19,786

Total cost of sales

9,688

8,643

8,451

10,219

9,237

4,979

9,329

8,268

14,620

-10,092

14,289

12,558

15,978

8,209

13,754

14,474

16,174

18,706

19,209

19,315

19,131

23,553

21,608

20,785

19,456

19,054

18,947

19,891

19,655

17,524

18,207

16,495

14,927

15,472

15,774

13,415

13,192

11,647

12,908

13,010

12,423

12,124

11,708

Leasing
Total cost of sales

8,081

7,340

8,940

10,080

8,595

14,492

8,442

9,353

1,522

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-

-

-

-

-

-

-

-

-

-

-

-

-

-

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-

-

-

-

-

-

-

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