DNOW Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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Sep 30, 2025 · Filed Nov 5, 2025
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Consolidated Variable Interest Entities (“VIE”)
The Company holds a 49% interest in one VIE located in the Middle East. The Company is the primary beneficiary and consolidates the VIE as it has the power to direct the activities that most significantly affect the VIE’s economic performance and has the obligation to absorb the VIE’s losses or the right to receive benefits. For thethree and nine months ended September 30, 2025 and 2024, net income attributable to noncontrolling interest wasless than $1 million andapproximately$1 million in each respective period.
The assets of the VIE can only be used to settle its own obligations and its creditors have no recourse to the Company’s assets. As of September 30, 2025 and December 31, 2024, the VIE’s assets were primarily current assets of$10 million in both periods, and the liabilities were primarily current liabilities of$3 million and$2 million, respectively.
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