DRIL-QUIP INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
INVX$25.32+0.8%Stored close · as of Nov 9, 2026
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Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31,2024 | December 31,2023 | |
|---|---|---|
| (In thousands, except per share data) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $198,197 | $187,323 |
| Restricted cash | 4,103 | 4,077 |
| Short-term investments | 4,016 | 25,908 |
| Trade receivables, net | 137,135 | 135,569 |
| Unbilled receivables | 139,610 | 148,429 |
| Inventories | 209,160 | 194,593 |
| Prepaid expenses | 13,126 | 14,119 |
| Other current assets | 8,285 | 9,699 |
| Assets held for sale | 1,513 | - |
| Total current assets | 715,145 | 719,717 |
| Operating lease right of use assets | 16,356 | 16,343 |
| Property, plant and equipment, net | 215,264 | 217,631 |
| Deferred income taxes | 9,663 | 8,989 |
| Goodwill | 16,288 | 16,654 |
| Intangible assets | 40,247 | 41,941 |
| Other assets | 8,064 | 6,906 |
| Total assets | $1,021,027 | $1,028,181 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $62,907 | $60,160 |
| Accrued income taxes | 7,064 | 5,942 |
| Contract liabilities | 6,839 | 7,583 |
| Accrued compensation | 14,026 | 14,035 |
| Operating lease liabilities | 2,300 | 2,118 |
| Other accrued liabilities | 40,420 | 27,865 |
| Total current liabilities | 133,556 | 117,703 |
| Deferred income taxes | 10,330 | 10,564 |
| Income tax payable | 385 | 346 |
| Operating lease liabilities, long-term | 14,541 | 14,554 |
| Other long-term liabilities | 4,852 | 3,754 |
| Total liabilities | 163,664 | 146,921 |
| Contingencies (Note 14) | ||
| Stockholders’ equity: | ||
| Preferred stock: 10,000,000 shares authorized at $0.01 par value (none issued) | - | - |
| Common stock: | ||
| 100,000,000 shares authorized at $0.01 par value, 34,419,768 and 34,386,577shares issued and outstanding at March 31, 2024 and December 31, 2023 | 343 | 343 |
| Additional paid-in capital | 103,025 | 100,289 |
| Retained earnings | 930,789 | 950,719 |
| Accumulated other comprehensive losses | (176,794) | (170,091) |
| Total stockholders’ equity | 857,363 | 881,260 |
| Total liabilities and stockholders’ equity | $1,021,027 | $1,028,181 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.