10-Q Filing

DNOW INC. CIK: 1599617 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-020668`
Period End Date	20170930
Filing Date	20171101
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	dnow-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 48 Cash Flow Statement 58 Comprehensive Income 12

Balance Sheet 72 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.00M	USD	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
Receivables, net	`ReceivablesNetCurrent`	$466.00M	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`	$354.00M	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`	$483.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$562.00M	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
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.15B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	107.80M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	107.47M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$959.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	107.80M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$143.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$126.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	107.47M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.00M	USD	Point-in-time
Goodwill	`Goodwill`	$328.00M	USD	Point-in-time
Goodwill	`Goodwill`	$311.00M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$171.00M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$184.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.00M	USD	Point-in-time
Total assets	`Assets`	$1.60B	USD	Point-in-time
Total assets	`Assets`	$1.78B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$310.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$246.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$100.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$111.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$422.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$347.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$65.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$163.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$7.00M	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`	$593.00M	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; 107,803,100 and 107,474,904 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$1.00M	USD	Point-in-time
Common stock - par value $0.01; 330 million shares authorized; 107,803,100 and 107,474,904 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$1.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.00B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.02B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-727.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-678.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-142.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-104.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.19B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.18B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.78B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.60B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$697.00M	USD	1 Quarter
Revenue	`Revenues`	$520.00M	USD	1 Quarter
Revenue	`Revenues`	$1.57B	USD	3 Qtrs
Revenue	`Revenues`	$1.98B	USD	3 Qtrs
Cost of products	`CostOfGoodsSold`	$562.00M	USD	1 Quarter
Cost of products	`CostOfGoodsSold`	$1.61B	USD	3 Qtrs
Cost of products	`CostOfGoodsSold`	$1.31B	USD	3 Qtrs
Cost of products	`CostOfGoodsSold`	$433.00M	USD	1 Quarter
Warehousing, selling and administrative	`OperatingExpenses`	$141.00M	USD	1 Quarter
Warehousing, selling and administrative	`OperatingExpenses`	$140.00M	USD	1 Quarter
Warehousing, selling and administrative	`OperatingExpenses`	$414.00M	USD	3 Qtrs
Warehousing, selling and administrative	`OperatingExpenses`	$432.00M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-41.00M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-6.00M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-53.00M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-175.00M	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$3.00M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$8.00M	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$7.00M	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$3.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-56.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-49.00M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-182.00M	USD	3 Qtrs
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-19.00M	USD	3 Qtrs
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-49.00M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-9.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-56.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-163.00M	USD	3 Qtrs
Basic loss per common share	`EarningsPerShareBasic`	$-0.45	USD	3 Qtrs
Basic loss per common share	`EarningsPerShareBasic`	$-0.53	USD	1 Quarter
Basic loss per common share	`EarningsPerShareBasic`	$-1.52	USD	3 Qtrs
Basic loss per common share	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.45	USD	3 Qtrs
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.53	USD	1 Quarter
Diluted loss per common share	`EarningsPerShareDiluted`	$-1.52	USD	3 Qtrs
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Weighted-average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.40M	shares	3 Qtrs
Weighted-average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.75M	shares	1 Quarter
Weighted-average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.70M	shares	3 Qtrs
Weighted-average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.47M	shares	1 Quarter
Weighted-average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.40M	shares	3 Qtrs
Weighted-average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.75M	shares	1 Quarter
Weighted-average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.47M	shares	1 Quarter
Weighted-average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.70M	shares	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-49.00M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-9.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-56.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-163.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$39.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$38.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-24.00M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$16.00M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$17.00M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForRecoveryOfDoubtfulAccounts`	$16.00M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForRecoveryOfDoubtfulAccounts`	$3.00M	USD	3 Qtrs
Provision for inventory	`InventoryWriteDown`	$31.00M	USD	3 Qtrs
Provision for inventory	`InventoryWriteDown`	$11.00M	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-1.00M	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$1.00M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$106.00M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-129.00M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-152.00M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$81.00M	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.00M	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.00M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-38.00M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$70.00M	USD	3 Qtrs
Income taxes receivable, net	`IncreaseDecreaseInIncomeTaxes`	$-1.00M	USD	3 Qtrs
Income taxes receivable, net	`IncreaseDecreaseInIncomeTaxes`	$26.00M	USD	3 Qtrs
Other assets / liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.00M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$186.00M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-107.00M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.00M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.00M	USD	3 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$182.00M	USD	3 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.00M	USD	3 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$7.00M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.00M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-4.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-191.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.00M	USD	3 Qtrs
Borrowing under the revolving credit facility	`ProceedsFromLinesOfCredit`	$277.00M	USD	3 Qtrs
Borrowing under the revolving credit facility	`ProceedsFromLinesOfCredit`	$227.00M	USD	3 Qtrs
Repayments under the revolving credit facility	`RepaymentsOfLinesOfCredit`	$190.00M	USD	3 Qtrs
Repayments under the revolving credit facility	`RepaymentsOfLinesOfCredit`	$179.00M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.00M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$33.00M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$97.00M	USD	3 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$13.00M	USD	3 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.00M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$41.00M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.00M	USD	3 Qtrs
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`	$99.00M	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`	$106.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$99.00M	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

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-49.00M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-9.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-56.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-163.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-3.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$16.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$12.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$38.00M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-151.00M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-11.00M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-59.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$7.00M	USD	1 Quarter

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