10-Q Filing

DNOW INC. CIK: 1599617 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-010156`
Period End Date	20180331
Filing Date	20180502
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	dnow-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 23 Cash Flow Statement 48 Comprehensive Income 6

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.00M	USD	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.00M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$496.00M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$423.00M	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
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`	$590.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$609.00M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	330.00M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	330.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.21B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.13B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	108.14M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	108.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	108.14M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	108.03M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$114.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$119.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.00M	USD	Point-in-time
Goodwill	`Goodwill`	$328.00M	USD	Point-in-time
Goodwill	`Goodwill`	$329.00M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$166.00M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$162.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.00M	USD	Point-in-time
Total assets	`Assets`	$1.82B	USD	Point-in-time
Total assets	`Assets`	$1.75B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$290.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$331.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$110.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$103.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$443.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$394.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$175.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$162.00M	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`	$564.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$626.00M	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; 108,141,139 and 108,030,438 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$1.00M	USD	Point-in-time
Common stock - par value $0.01; 330 million shares authorized; 108,141,139 and 108,030,438 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$1.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.02B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.02B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-730.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-728.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-104.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-105.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.19B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.19B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.82B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.75B	USD	Point-in-time

Income Statement 23 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$764.00M	USD	1 Quarter
Revenue	`Revenues`	$631.00M	USD	1 Quarter
Cost of products	`CostOfGoodsSold`	$616.00M	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`	$141.00M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-21.00M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$7.00M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$4.00M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$2.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-23.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.00M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$1.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-23.00M	USD	1 Quarter
Basic earnings (loss) per common share	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Basic earnings (loss) per common share	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted earnings (loss) per common share	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted earnings (loss) per common share	`EarningsPerShareDiluted`	$-0.21	USD	1 Quarter
Weighted-average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	108.07M	shares	1 Quarter
Weighted-average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.55M	shares	1 Quarter
Weighted-average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.55M	shares	1 Quarter
Weighted-average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.17M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$2.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-23.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.00M	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`	$1.00M	USD	1 Quarter
Provision for inventory	`InventoryWriteDown`	$5.00M	USD	1 Quarter
Provision for inventory	`InventoryWriteDown`	$2.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$53.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$74.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$11.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$22.00M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.00M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$52.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$48.00M	USD	1 Quarter
Income taxes receivable, net	`IncreaseDecreaseInIncomeTaxes`	$1.00M	USD	1 Quarter
Income taxes receivable, net	`IncreaseDecreaseInIncomeTaxes`	$-1.00M	USD	1 Quarter
Other assets / liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.00M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-30.00M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-21.00M	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`	$-2.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.00M	USD	1 Quarter
Borrowing under the revolving credit facility	`ProceedsFromLinesOfCredit`	$59.00M	USD	1 Quarter
Borrowing under the revolving credit facility	`ProceedsFromLinesOfCredit`	$85.00M	USD	1 Quarter
Repayments under the revolving credit facility	`RepaymentsOfLinesOfCredit`	$42.00M	USD	1 Quarter
Repayments under the revolving credit facility	`RepaymentsOfLinesOfCredit`	$72.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$16.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$13.00M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.00M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$80.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$98.00M	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`	$102.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$98.00M	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`	$80.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$102.00M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$2.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-23.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$10.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$3.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-13.00M	USD	1 Quarter

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