Dril-Quip Inc
NYSE:DRQ
Income Statement
Earnings Waterfall
Dril-Quip Inc
Revenue
|
424.1m
USD
|
Cost of Revenue
|
-308.5m
USD
|
Gross Profit
|
115.6m
USD
|
Operating Expenses
|
-111.9m
USD
|
Operating Income
|
3.7m
USD
|
Other Expenses
|
-3.1m
USD
|
Net Income
|
604k
USD
|
Income Statement
Dril-Quip Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
872
N/A
|
883
+1%
|
892
+1%
|
909
+2%
|
931
+2%
|
953
+2%
|
938
-2%
|
898
-4%
|
844
-6%
|
785
-7%
|
712
-9%
|
634
-11%
|
539
-15%
|
491
-9%
|
477
-3%
|
454
-5%
|
456
+0%
|
435
-4%
|
402
-8%
|
395
-2%
|
385
-3%
|
380
-1%
|
389
+2%
|
404
+4%
|
415
+3%
|
417
+0%
|
403
-3%
|
386
-4%
|
365
-5%
|
350
-4%
|
340
-3%
|
332
-2%
|
323
-3%
|
325
+1%
|
338
+4%
|
343
+2%
|
362
+6%
|
370
+2%
|
365
-1%
|
395
+8%
|
424
+7%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(514)
|
(508)
|
(500)
|
(503)
|
(514)
|
(528)
|
(521)
|
(493)
|
(459)
|
(427)
|
(390)
|
(359)
|
(328)
|
(318)
|
(325)
|
(311)
|
(305)
|
(291)
|
(273)
|
(275)
|
(272)
|
(273)
|
(278)
|
(288)
|
(295)
|
(297)
|
(290)
|
(281)
|
(270)
|
(255)
|
(250)
|
(245)
|
(242)
|
(250)
|
(258)
|
(261)
|
(266)
|
(267)
|
(263)
|
(283)
|
(309)
|
|
Gross Profit |
358
N/A
|
375
+5%
|
391
+4%
|
405
+4%
|
417
+3%
|
425
+2%
|
417
-2%
|
404
-3%
|
385
-5%
|
358
-7%
|
323
-10%
|
275
-15%
|
210
-24%
|
174
-17%
|
152
-13%
|
143
-6%
|
150
+5%
|
145
-4%
|
130
-10%
|
120
-7%
|
113
-6%
|
107
-6%
|
111
+4%
|
116
+4%
|
120
+4%
|
119
0%
|
113
-5%
|
105
-7%
|
95
-9%
|
95
0%
|
91
-4%
|
87
-4%
|
81
-7%
|
75
-7%
|
80
+7%
|
83
+3%
|
96
+16%
|
102
+6%
|
102
0%
|
111
+9%
|
116
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(135)
|
(145)
|
(149)
|
(142)
|
(139)
|
(133)
|
(142)
|
(137)
|
(136)
|
(131)
|
(103)
|
(97)
|
(98)
|
(111)
|
(135)
|
(150)
|
(158)
|
(158)
|
(151)
|
(154)
|
(144)
|
(135)
|
(129)
|
(120)
|
(115)
|
(117)
|
(117)
|
(109)
|
(114)
|
(118)
|
(122)
|
(126)
|
(130)
|
(123)
|
(115)
|
(111)
|
(106)
|
(106)
|
(107)
|
(112)
|
(112)
|
|
Selling, General & Administrative |
(95)
|
(103)
|
(105)
|
(96)
|
(93)
|
(86)
|
(94)
|
(90)
|
(88)
|
(84)
|
(57)
|
(52)
|
(53)
|
(66)
|
(91)
|
(107)
|
(116)
|
(118)
|
(111)
|
(115)
|
(104)
|
(101)
|
(101)
|
(98)
|
(98)
|
(97)
|
(98)
|
(89)
|
(95)
|
(100)
|
(106)
|
(111)
|
(115)
|
(108)
|
(101)
|
(98)
|
(94)
|
(94)
|
(95)
|
(100)
|
(101)
|
|
Research & Development |
(40)
|
(42)
|
(43)
|
(45)
|
(46)
|
(47)
|
(48)
|
(47)
|
(48)
|
(47)
|
(47)
|
(46)
|
(44)
|
(45)
|
(44)
|
(44)
|
(42)
|
(40)
|
(40)
|
(40)
|
(39)
|
(34)
|
(28)
|
(22)
|
(17)
|
(19)
|
(20)
|
(20)
|
(19)
|
(17)
|
(16)
|
(15)
|
(15)
|
(15)
|
(14)
|
(13)
|
(12)
|
(11)
|
(12)
|
(12)
|
(13)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
|
Operating Income |
224
N/A
|
230
+3%
|
243
+6%
|
264
+9%
|
279
+6%
|
292
+5%
|
276
-6%
|
267
-3%
|
249
-7%
|
227
-9%
|
219
-3%
|
178
-19%
|
113
-36%
|
63
-45%
|
16
-74%
|
(8)
N/A
|
(8)
-7%
|
(13)
-64%
|
(21)
-58%
|
(34)
-62%
|
(30)
+11%
|
(28)
+7%
|
(18)
+37%
|
(4)
+77%
|
4
N/A
|
3
-34%
|
(4)
N/A
|
(4)
-5%
|
(19)
-348%
|
(22)
-19%
|
(31)
-40%
|
(39)
-25%
|
(50)
-27%
|
(47)
+4%
|
(34)
+28%
|
(28)
+17%
|
(10)
+65%
|
(4)
+64%
|
(5)
-47%
|
(1)
+82%
|
4
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
3
|
3
|
4
|
4
|
4
|
4
|
5
|
6
|
8
|
9
|
10
|
11
|
9
|
11
|
7
|
4
|
(1)
|
(7)
|
(6)
|
(4)
|
(1)
|
2
|
5
|
5
|
8
|
8
|
12
|
11
|
11
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(61)
|
(61)
|
(61)
|
(56)
|
5
|
(92)
|
(95)
|
(100)
|
(100)
|
(3)
|
(41)
|
(42)
|
(43)
|
(43)
|
(24)
|
(23)
|
(23)
|
(74)
|
(53)
|
(58)
|
(43)
|
9
|
13
|
20
|
(2)
|
(1)
|
|
Pre-Tax Income |
224
N/A
|
231
+3%
|
243
+6%
|
264
+9%
|
279
+6%
|
292
+5%
|
276
-6%
|
267
-3%
|
250
-7%
|
228
-9%
|
221
-3%
|
180
-18%
|
116
-36%
|
66
-43%
|
20
-69%
|
(65)
N/A
|
(66)
-1%
|
(70)
-7%
|
(72)
-2%
|
(23)
+68%
|
(115)
-400%
|
(114)
+1%
|
(108)
+6%
|
(93)
+13%
|
10
N/A
|
(27)
N/A
|
(39)
-44%
|
(43)
-11%
|
(62)
-43%
|
(53)
+15%
|
(60)
-14%
|
(65)
-8%
|
(125)
-92%
|
(99)
+21%
|
(87)
+11%
|
(66)
+25%
|
7
N/A
|
18
+168%
|
27
+49%
|
9
-68%
|
13
+54%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(54)
|
(58)
|
(62)
|
(68)
|
(71)
|
(73)
|
(68)
|
(65)
|
(58)
|
(53)
|
(49)
|
(40)
|
(23)
|
(10)
|
0
|
37
|
32
|
29
|
27
|
(3)
|
19
|
20
|
18
|
13
|
(9)
|
15
|
11
|
31
|
31
|
7
|
10
|
(11)
|
(3)
|
(4)
|
(2)
|
3
|
(6)
|
(6)
|
(6)
|
(10)
|
(13)
|
|
Income from Continuing Operations |
170
|
173
|
181
|
197
|
209
|
220
|
208
|
203
|
192
|
175
|
172
|
140
|
93
|
57
|
20
|
(28)
|
(34)
|
(42)
|
(45)
|
(26)
|
(96)
|
(94)
|
(90)
|
(81)
|
2
|
(12)
|
(28)
|
(12)
|
(31)
|
(46)
|
(50)
|
(76)
|
(128)
|
(103)
|
(89)
|
(63)
|
0
|
12
|
21
|
(1)
|
1
|
|
Net Income (Common) |
170
N/A
|
173
+2%
|
181
+5%
|
197
+9%
|
209
+6%
|
220
+5%
|
208
-6%
|
203
-2%
|
192
-5%
|
175
-9%
|
172
-2%
|
140
-18%
|
93
-34%
|
57
-39%
|
20
-64%
|
(28)
N/A
|
(101)
-261%
|
(108)
-8%
|
(111)
-3%
|
(92)
+17%
|
(96)
-4%
|
(94)
+1%
|
(90)
+5%
|
(81)
+10%
|
2
N/A
|
(12)
N/A
|
(28)
-133%
|
(12)
+56%
|
(31)
-155%
|
(46)
-48%
|
(50)
-11%
|
(76)
-50%
|
(128)
-69%
|
(103)
+20%
|
(89)
+13%
|
(63)
+30%
|
0
N/A
|
12
+2 539%
|
21
+77%
|
(1)
N/A
|
1
N/A
|
|
EPS (Diluted) |
4.16
N/A
|
4.22
+1%
|
4.44
+5%
|
4.92
+11%
|
5.19
+5%
|
5.65
+9%
|
5.33
-6%
|
5.26
-1%
|
4.98
-5%
|
4.63
-7%
|
4.56
-2%
|
3.72
-18%
|
2.47
-34%
|
1.5
-39%
|
0.54
-64%
|
-0.75
N/A
|
-2.68
-257%
|
-2.87
-7%
|
-2.98
-4%
|
-2.48
+17%
|
-2.58
-4%
|
-2.65
-3%
|
-2.47
+7%
|
-2.26
+9%
|
0.05
N/A
|
-0.34
N/A
|
-0.79
-132%
|
-0.34
+57%
|
-0.87
-156%
|
-1.28
-47%
|
-1.42
-11%
|
-2.14
-51%
|
-3.62
-69%
|
-2.97
+18%
|
-2.58
+13%
|
-1.83
+29%
|
0.01
N/A
|
0.34
+3 300%
|
0.6
+76%
|
-0.05
N/A
|
0.02
N/A
|