Dril-Quip (DRQ) Financials

Dril-Quip Inc (DRQ) is a leading provider of highly engineered offshore drilling and production equipment for use on deepwater and ultra-deepwater platforms. The company's financials reflect its strong performance and solid financial position. According to the income statement, Dril-Quip recorded a gross profit of $233 million in the previous fiscal year. This indicates a healthy margin on its products and services. The company's EBIT, or earnings before interest and taxes, stood at $77 million, showcasing its profitability. Furthermore, Dril-Quip reported a net income from stockholders of $48 million, underscoring its ability to generate returns for its investors.

Dril-Quip's total revenue for the year reached $631 million, demonstrating its substantial market presence and customer demand. The balance sheet reveals a robust financial position, with total assets amounting to $1.2 billion. The company's stockholders' equity, which represents the shareholders' ownership in the firm, stood at $919 million, reflecting a healthy capital base. Dril-Quip's total debt and total liabilities were reported at $336 million and $286 million, respectively, indicating a manageable debt load and financial obligations.

In terms of cash flow, Dril-Quip generated strong operating cash flow of $124 million, showcasing its ability to generate cash from its core operations. The company's financing cash flow stood at -$91 million, indicating a net outflow of cash for activities such as dividends, debt repayments, and share repurchases. However, Dril-Quip's free cash flow, which represents the cash available for investment or distribution to investors, stood at $87 million. This signifies the company's ability to generate excess cash after accounting for capital expenditures.

Dril-Quip also demonstrated prudent cash management, as evidenced by its $56 million of cash equivalents on the balance sheet. This provides the company with liquidity and financial flexibility to pursue growth opportunities or weather any financial challenges. Additionally, the company reported a net debt of $280 million, indicating that its debt obligations are manageable relative to its cash flow and assets. Overall, Dril-Quip Inc (DRQ) has a strong financial position, profitability, and cash flow, making it a reliable player in the offshore drilling and production equipment industry.