10-Q Filing

DNOW INC. CIK: 1599617 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-008247`
Period End Date	20170331
Filing Date	20170503
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	dnow-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 23 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`	$102.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.00M	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`	$106.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.00M	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`	$412.00M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$354.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$483.00M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$491.00M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.00M	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
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	107.47M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.02B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$959.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	107.67M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$136.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	107.47M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$143.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	107.67M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.00M	USD	Point-in-time
Goodwill	`Goodwill`	$311.00M	USD	Point-in-time
Goodwill	`Goodwill`	$316.00M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$184.00M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$180.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.00M	USD	Point-in-time
Total assets	`Assets`	$1.66B	USD	Point-in-time
Total assets	`Assets`	$1.60B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$246.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$305.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$94.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$100.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$399.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$347.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$82.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$65.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$7.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$488.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$420.00M	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; 107,667,793 and 107,474,904 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$1.00M	USD	Point-in-time
Common stock - par value $0.01; 330 million shares authorized; 107,667,793 and 107,474,904 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$1.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.01B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.00B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-678.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-701.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-142.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-132.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.18B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.18B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.60B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.66B	USD	Point-in-time

Income Statement 23 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$631.00M	USD	1 Quarter
Revenue	`Revenues`	$548.00M	USD	1 Quarter
Cost of products	`CostOfGoodsSold`	$461.00M	USD	1 Quarter
Cost of products	`CostOfGoodsSold`	$517.00M	USD	1 Quarter
Warehousing, selling and administrative	`OperatingExpenses`	$135.00M	USD	1 Quarter
Warehousing, selling and administrative	`OperatingExpenses`	$152.00M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-21.00M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-65.00M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$2.00M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$2.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-67.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-23.00M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-4.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-63.00M	USD	1 Quarter
Basic loss per common share	`EarningsPerShareBasic`	$-0.59	USD	1 Quarter
Basic loss per common share	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.59	USD	1 Quarter
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.21	USD	1 Quarter
Weighted-average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.55M	shares	1 Quarter
Weighted-average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.27M	shares	1 Quarter
Weighted-average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.27M	shares	1 Quarter
Weighted-average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.55M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-23.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-63.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.00M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForRecoveryOfDoubtfulAccounts`	$-1.00M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForRecoveryOfDoubtfulAccounts`	$7.00M	USD	1 Quarter
Provision for inventory	`InventoryWriteDown`	$5.00M	USD	1 Quarter
Provision for inventory	`InventoryWriteDown`	$13.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-72.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$53.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-55.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$11.00M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.00M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$52.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.00M	USD	1 Quarter
Income taxes receivable, net	`IncreaseDecreaseInIncomeTaxes`	$-3.00M	USD	1 Quarter
Income taxes receivable, net	`IncreaseDecreaseInIncomeTaxes`	$-1.00M	USD	1 Quarter
Other assets / liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.00M	USD	1 Quarter
Other assets / liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.00M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-21.00M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$89.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.00M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.00M	USD	1 Quarter
Borrowing under the revolving credit facility	`ProceedsFromLinesOfCredit`	$10.00M	USD	1 Quarter
Borrowing under the revolving credit facility	`ProceedsFromLinesOfCredit`	$59.00M	USD	1 Quarter
Repayments under the revolving credit facility	`RepaymentsOfLinesOfCredit`	$63.00M	USD	1 Quarter
Repayments under the revolving credit facility	`RepaymentsOfLinesOfCredit`	$42.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00M	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`	$16.00M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.00M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$9.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$41.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.00M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$102.00M	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`	$106.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$90.00M	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`	$106.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$102.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$90.00M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-23.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-63.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-23.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-10.00M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-40.00M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-13.00M	USD	1 Quarter

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