10-Q Filing

INNOVEX INTERNATIONAL, INC. CIK: 1042893 Q3 2010

Filing Information

Form Type	10-Q
Accession Number	`0001193125-10-246480`
Period End Date	20100930
Filing Date	20101104
Fiscal Year	2010
Fiscal Period	Q3
XBRL Instance	drq-20100930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 79 Cash Flow Statement 51

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$257.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.02M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$197.79M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$131.14M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$130.82M	USD	Point-in-time
Inventories, net	`InventoryNet`	$251.36M	USD	Point-in-time
Inventories, net	`InventoryNet`	$250.28M	USD	Point-in-time
Common stock: shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock: shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock: par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$24.12M	USD	Point-in-time
Common stock: par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$24.54M	USD	Point-in-time
Prepaids and other current assets	`OtherAssetsCurrent`	$10.60M	USD	Point-in-time
Common stock: shares issued	`CommonStockSharesIssued`	39.85M	shares	Point-in-time
Common stock: shares issued	`CommonStockSharesIssued`	39.66M	shares	Point-in-time
Prepaids and other current assets	`OtherAssetsCurrent`	$12.85M	USD	Point-in-time
Common stock: shares outstanding	`CommonStockSharesOutstanding`	39.66M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$674.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$617.36M	USD	Point-in-time
Common stock: shares outstanding	`CommonStockSharesOutstanding`	39.85M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$194.70M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$227.43M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.26M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.19M	USD	Point-in-time
Total assets	`Assets`	$817.25M	USD	Point-in-time
Total assets	`Assets`	$911.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$25.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.83M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$723.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$431.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$7.60M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$8.51M	USD	Point-in-time
Customer prepayments	`BillingsInExcessOfCost`	$42.69M	USD	Point-in-time
Customer prepayments	`BillingsInExcessOfCost`	$47.21M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$13.61M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$10.75M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$12.60M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$17.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$106.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.62M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$316.00K	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$68.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$7.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$7.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$112.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$114.36M	USD	Point-in-time
Preferred stock, 10,000,000 shares authorized at $0.01 par value (none issued)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, 10,000,000 shares authorized at $0.01 par value (none issued)	`PreferredStockValue`	-	USD	Point-in-time
Common stock: 50,000,000 shares authorized at $0.01 par value, 39,852,639 and 39,658,524 shares issued and outstanding at September 30, 2010 and December 31, 2009, respectively	`CommonStockValue`	$396.00K	USD	Point-in-time
Common stock: 50,000,000 shares authorized at $0.01 par value, 39,852,639 and 39,658,524 shares issued and outstanding at September 30, 2010 and December 31, 2009, respectively	`CommonStockValue`	$399.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$139.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$129.53M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$583.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$664.64M	USD	Point-in-time
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$-7.46M	USD	Point-in-time
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$-8.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$797.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$705.09M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$817.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$911.80M	USD	Point-in-time

Income Statement 79 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$364.55M	USD	3 Qtrs
Products	`SalesRevenueGoodsNet`	$117.51M	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$120.53M	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$336.04M	USD	3 Qtrs
Services	`SalesRevenueServicesNet`	$60.11M	USD	3 Qtrs
Services	`SalesRevenueServicesNet`	$19.60M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$62.82M	USD	3 Qtrs
Services	`SalesRevenueServicesNet`	$20.65M	USD	1 Quarter
Total revenues	`Revenues`	$398.87M	USD	3 Qtrs
Total revenues	`Revenues`	$140.12M	USD	1 Quarter
Total revenues	`Revenues`	$138.16M	USD	1 Quarter
Total revenues	`Revenues`	$424.66M	USD	3 Qtrs
Products	`CostOfGoodsSold`	$191.79M	USD	3 Qtrs
Products	`CostOfGoodsSold`	$66.14M	USD	1 Quarter
Products	`CostOfGoodsSold`	$202.44M	USD	3 Qtrs
Products	`CostOfGoodsSold`	$66.51M	USD	1 Quarter
Services	`CostOfServices`	$35.90M	USD	3 Qtrs
Services	`CostOfServices`	$12.12M	USD	1 Quarter
Services	`CostOfServices`	$12.91M	USD	1 Quarter
Services	`CostOfServices`	$38.34M	USD	3 Qtrs
Total cost of sales	`CostOfRevenue`	$227.68M	USD	3 Qtrs
Total cost of sales	`CostOfRevenue`	$78.26M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$79.42M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$240.78M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$45.11M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.26M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$15.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$40.70M	USD	3 Qtrs
Engineering and product development	`EngineeringAndProductDevelopment`	$7.39M	USD	1 Quarter
Engineering and product development	`EngineeringAndProductDevelopment`	$19.86M	USD	3 Qtrs
Engineering and product development	`EngineeringAndProductDevelopment`	$6.98M	USD	1 Quarter
Engineering and product development	`EngineeringAndProductDevelopment`	$21.22M	USD	3 Qtrs
Special items	`OtherNonrecurringExpense`	$5.22M	USD	3 Qtrs
Special items	`OtherNonrecurringExpense`	$5.90M	USD	3 Qtrs
Special items	`OtherNonrecurringExpense`	$5.22M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$102.41M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$313.02M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$103.72M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$293.46M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$111.64M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$37.71M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$34.43M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$105.41M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$235.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$410.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$66.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$105.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$97.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$53.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$105.72M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$111.82M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$34.48M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$37.80M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$9.40M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$30.46M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$10.15M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$29.26M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$27.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$81.35M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$25.08M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.96	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.04	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.03	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.94	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.63	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.79M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.11M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.83M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.05M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.44M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.56M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.03M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.01M	shares	3 Qtrs

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$27.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$81.35M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$25.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.29M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.35M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.61M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.92M	USD	3 Qtrs
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$214.00K	USD	3 Qtrs
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$121.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.30M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$804.00K	USD	3 Qtrs
Special item - non-cash	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.27M	USD	3 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$513.00K	USD	3 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-8.49M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-28.64M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$1.01M	USD	3 Qtrs
Prepaids and other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.61M	USD	3 Qtrs
Prepaids and other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.57M	USD	3 Qtrs
Excess tax benefit of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.96M	USD	3 Qtrs
Excess tax benefit of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.11M	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.40M	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.12M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$76.16M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.02M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.11M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$48.59M	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$225.00K	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$1.23M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.36M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.89M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$510.00K	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$506.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$5.85M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.87M	USD	3 Qtrs
Excess tax benefits of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.96M	USD	3 Qtrs
Excess tax benefits of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.11M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.32M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.46M	USD	3 Qtrs
Effect of exchange rate changes on cash activities	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.53M	USD	3 Qtrs
Effect of exchange rate changes on cash activities	`EffectOfExchangeRateOnCashAndCashEquivalents`	$64.00K	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$60.18M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$43.07M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$95.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$257.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$139.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$197.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$95.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$257.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$139.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$197.79M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.