10-Q Filing

DNOW INC. CIK: 1599617 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-017559`
Period End Date	20160331
Filing Date	20160504
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	dnow-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 24 Cash Flow Statement 52 Comprehensive Income 6

Balance Sheet 71 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.00M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$195.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.00M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$413.00M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$485.00M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$693.00M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$633.00M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$24.00M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$24.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	330.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	330.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	107.22M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.20B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	107.43M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.29B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$159.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$165.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	107.43M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	107.22M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.00M	USD	Point-in-time
Goodwill	`Goodwill`	$205.00M	USD	Point-in-time
Goodwill	`Goodwill`	$210.00M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$161.00M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$156.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.00M	USD	Point-in-time
Total assets	`Assets`	$1.83B	USD	Point-in-time
Total assets	`Assets`	$1.74B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$211.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$208.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$94.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$94.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$307.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$302.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$108.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$55.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$11.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$10.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$429.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$370.00M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stockpar value $0.01; 20 million shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stockpar value $0.01; 20 million shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock - par value $0.01; 330 million shares authorized; 107,426,047 and 107,219,138 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$1.00M	USD	Point-in-time
Common stock - par value $0.01; 330 million shares authorized; 107,426,047 and 107,219,138 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$1.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.98B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.99B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-444.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-507.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-111.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-134.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.37B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.83B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.74B	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$863.00M	USD	1 Quarter
Revenue	`Revenues`	$548.00M	USD	1 Quarter
Cost of products	`CostOfGoodsSold`	$461.00M	USD	1 Quarter
Cost of products	`CostOfGoodsSold`	$708.00M	USD	1 Quarter
Warehousing, selling and administrative	`OperatingExpenses`	$152.00M	USD	1 Quarter
Warehousing, selling and administrative	`OperatingExpenses`	$163.00M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-8.00M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-65.00M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$2.00M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$4.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-67.00M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.00M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-4.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-63.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.00M	USD	1 Quarter
Basic loss per common share	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Basic loss per common share	`EarningsPerShareBasic`	$-0.59	USD	1 Quarter
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.59	USD	1 Quarter
Weighted-average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.11M	shares	1 Quarter
Weighted-average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.27M	shares	1 Quarter
Weighted-average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.11M	shares	1 Quarter
Weighted-average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.27M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-63.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$7.00M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForRecoveryOfDoubtfulAccounts`	$5.00M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForRecoveryOfDoubtfulAccounts`	$7.00M	USD	1 Quarter
Provision for inventory	`InventoryWriteDown`	$13.00M	USD	1 Quarter
Provision for inventory	`InventoryWriteDown`	$3.00M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-1.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-72.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-99.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-55.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-15.00M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.00M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-139.00M	USD	1 Quarter
Income taxes receivable, net	`IncreaseDecreaseInIncomeTaxes`	$-7.00M	USD	1 Quarter
Income taxes receivable, net	`IncreaseDecreaseInIncomeTaxes`	$-3.00M	USD	1 Quarter
Other assets / liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.00M	USD	1 Quarter
Other assets / liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.00M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-13.00M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$89.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.00M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$183.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.00M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-186.00M	USD	1 Quarter
Borrowing under the revolving credit facility	`ProceedsFromLinesOfCredit`	$170.00M	USD	1 Quarter
Borrowing under the revolving credit facility	`ProceedsFromLinesOfCredit`	$10.00M	USD	1 Quarter
Repayments under the revolving credit facility	`RepaymentsOfLinesOfCredit`	$35.00M	USD	1 Quarter
Repayments under the revolving credit facility	`RepaymentsOfLinesOfCredit`	$63.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-57.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$133.00M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$9.00M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-7.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-73.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$41.00M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$90.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$195.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$131.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$122.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$131.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$90.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$195.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$122.00M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-63.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-23.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$39.00M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-40.00M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-49.00M	USD	1 Quarter

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