10-Q Filing

INNOVEX INTERNATIONAL, INC. CIK: 1042893 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-295506`
Period End Date	20110930
Filing Date	20111104
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	drq-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 77 Cash Flow Statement 52

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
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`	$255.57M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$197.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$257.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$245.85M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$185.51M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$158.89M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$269.66M	USD	Point-in-time
Inventories, net	`InventoryNet`	$243.43M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$22.92M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$21.94M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.04M	shares	Point-in-time
Prepaids and other current assets	`OtherAssetsCurrent`	$16.32M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.06M	shares	Point-in-time
Prepaids and other current assets	`OtherAssetsCurrent`	$18.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$749.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$688.25M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.04M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.85M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.06M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$270.34M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$247.16M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.14M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.13M	USD	Point-in-time
Total assets	`Assets`	$1.03B	USD	Point-in-time
Total assets	`Assets`	$948.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.51M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$268.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$70.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$6.40M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$1.99M	USD	Point-in-time
Customer prepayments	`BillingsInExcessOfCost`	$60.27M	USD	Point-in-time
Customer prepayments	`BillingsInExcessOfCost`	$48.89M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$11.90M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$14.29M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$17.14M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$19.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$131.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$111.33M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$58.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.15M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$140.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$120.54M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	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, 40,060,247 and 40,041,746 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$401.00K	USD	Point-in-time
Common stock : 50,000,000 shares authorized at $0.01 par value, 40,060,247 and 40,041,746 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$400.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$151.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$155.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$685.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$752.66M	USD	Point-in-time
Accumulated other comprehensive losses	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-17.03M	USD	Point-in-time
Accumulated other comprehensive losses	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-9.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$891.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$828.01M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.03B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$948.55M	USD	Point-in-time

Income Statement 77 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$120.53M	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$368.90M	USD	3 Qtrs
Products	`SalesRevenueGoodsNet`	$364.55M	USD	3 Qtrs
Products	`SalesRevenueGoodsNet`	$134.24M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$20.80M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$19.60M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$60.11M	USD	3 Qtrs
Services	`SalesRevenueServicesNet`	$60.80M	USD	3 Qtrs
Total revenues	`Revenues`	$429.70M	USD	3 Qtrs
Total revenues	`Revenues`	$155.03M	USD	1 Quarter
Total revenues	`Revenues`	$140.12M	USD	1 Quarter
Total revenues	`Revenues`	$424.66M	USD	3 Qtrs
Products	`CostOfGoodsSold`	$66.51M	USD	1 Quarter
Products	`CostOfGoodsSold`	$80.71M	USD	1 Quarter
Products	`CostOfGoodsSold`	$216.22M	USD	3 Qtrs
Products	`CostOfGoodsSold`	$202.44M	USD	3 Qtrs
Services	`CostOfServices`	$38.34M	USD	3 Qtrs
Services	`CostOfServices`	$12.91M	USD	1 Quarter
Services	`CostOfServices`	$42.38M	USD	3 Qtrs
Services	`CostOfServices`	$15.77M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$79.42M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$258.60M	USD	3 Qtrs
Total cost of sales	`CostOfRevenue`	$96.49M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$240.78M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.27M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$15.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$52.57M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$45.11M	USD	3 Qtrs
Engineering and product development	`EngineeringAndProductDevelopment`	$25.73M	USD	3 Qtrs
Engineering and product development	`EngineeringAndProductDevelopment`	$7.39M	USD	1 Quarter
Engineering and product development	`EngineeringAndProductDevelopment`	$21.22M	USD	3 Qtrs
Engineering and product development	`EngineeringAndProductDevelopment`	$8.50M	USD	1 Quarter
Special item	`OtherNonrecurringExpense`	$5.90M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$102.41M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$123.26M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$313.02M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$336.90M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$37.71M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$92.80M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$31.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$111.64M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$105.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$235.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$84.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$269.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$15.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$37.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$15.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$53.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$37.80M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$111.82M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$93.03M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$31.84M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$8.58M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$30.46M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$25.89M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$10.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.14M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$81.35M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.68	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.04	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.03	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.67	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.83M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.06M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.05M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.79M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.30M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.01M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.03M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.31M	shares	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$23.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.14M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$81.35M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.97M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.29M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.20M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.44M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.61M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.00M	USD	1 Quarter
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$214.00K	USD	3 Qtrs
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$636.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$804.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-837.00K	USD	3 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$513.00K	USD	3 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$28.05M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$29.50M	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`	$-1.46M	USD	3 Qtrs
Excess tax benefits of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$297.00K	USD	3 Qtrs
Excess tax benefits 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`	$21.55M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$51.24M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.02M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$48.59M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.11M	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$2.26M	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$1.23M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.86M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.36M	USD	3 Qtrs
Principal payments on debt	`RepaymentsOfLongTermDebt`	$510.00K	USD	3 Qtrs
Principal payments on debt	`RepaymentsOfLongTermDebt`	$257.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$404.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$5.85M	USD	3 Qtrs
Excess tax benefits of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.11M	USD	3 Qtrs
Excess tax benefits of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$297.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.46M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$444.00K	USD	3 Qtrs
Effect of exchange rate changes on cash activities	`EffectOfExchangeRateOnCashAndCashEquivalents`	$889.00K	USD	3 Qtrs
Effect of exchange rate changes on cash activities	`EffectOfExchangeRateOnCashAndCashEquivalents`	$64.00K	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.72M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$60.18M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$255.57M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$197.79M	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`	$245.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$255.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$197.79M	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`	$245.85M	USD	Point-in-time

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