10-Q Filing

DRESSER-RAND GROUP INC. CIK: 1316656 Q2 2010

Filing Information

Form Type	10-Q
Accession Number	`0000950123-10-069133`
Period End Date	20100630
Filing Date	20100728
Fiscal Year	2010
Fiscal Period	Q2
XBRL Instance	drc-20100630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 77 Cash Flow Statement 59

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance for losses on accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.30M	USD	Point-in-time
Allowance for losses on accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$147.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$206.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$201.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$223.20M	USD	Point-in-time
Accounts receivable, less allowance for losses of $14.3 at 2010 and $14.4 at 2009	`AccountsReceivableNetCurrent`	$289.80M	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
Accounts receivable, less allowance for losses of $14.3 at 2010 and $14.4 at 2009	`AccountsReceivableNetCurrent`	$266.90M	USD	Point-in-time
Inventories, net	`InventoryNet`	$295.30M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$353.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	81.60M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpensesAndOther`	$31.40M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpensesAndOther`	$24.90M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	82.51M	shares	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$42.10M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	81.60M	shares	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$45.40M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	82.51M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$842.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$936.30M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$268.90M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$266.70M	USD	Point-in-time
Goodwill	`Goodwill`	$486.00M	USD	Point-in-time
Goodwill	`Goodwill`	$457.60M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$429.70M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$430.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$28.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$26.00M	USD	Point-in-time
Total assets	`Assets`	$2.02B	USD	Point-in-time
Total assets	`Assets`	$2.15B	USD	Point-in-time
Accounts payable and accruals	`AccountsPayableAndAccruedLiabilitiesCurrent`	$412.00M	USD	Point-in-time
Accounts payable and accruals	`AccountsPayableAndAccruedLiabilitiesCurrent`	$338.50M	USD	Point-in-time
Customer advance payments	`CustomerAdvancesCurrent`	$131.10M	USD	Point-in-time
Customer advance payments	`CustomerAdvancesCurrent`	$165.20M	USD	Point-in-time
Accrued income taxes payable	`AccruedIncomeTaxesCurrent`	$8.10M	USD	Point-in-time
Accrued income taxes payable	`AccruedIncomeTaxesCurrent`	$18.90M	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	-	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$100.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$488.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$585.40M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$38.50M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$32.90M	USD	Point-in-time
Postemployment and other employee benefit liabilities	`PostemploymentAndOtherEmployeeBenefitLiabilities`	$103.80M	USD	Point-in-time
Postemployment and other employee benefit liabilities	`PostemploymentAndOtherEmployeeBenefitLiabilities`	$109.90M	USD	Point-in-time
Long-term debt	`SubordinatedLongTermDebt`	$370.00M	USD	Point-in-time
Long-term debt	`SubordinatedLongTermDebt`	$370.00M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$41.60M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$33.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.14B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.04B	USD	Point-in-time
Common stock, $0.01 par value, 250,000,000 shares authorized;and 81,604,973 and 82,513,744 shares issued and outstanding, respectively	`CommonStockValue`	$800.00K	USD	Point-in-time
Common stock, $0.01 par value, 250,000,000 shares authorized;and 81,604,973 and 82,513,744 shares issued and outstanding, respectively	`CommonStockValue`	$800.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$373.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$396.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$695.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$638.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-83.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.01B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$985.60M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.02B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.15B	USD	Point-in-time

Income Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net sales of products	`SalesRevenueGoodsNet`	$706.80M	USD	2 Qtrs
Net sales of products	`SalesRevenueGoodsNet`	$308.30M	USD	1 Quarter
Net sales of products	`SalesRevenueGoodsNet`	$494.50M	USD	1 Quarter
Net sales of products	`SalesRevenueGoodsNet`	$905.40M	USD	2 Qtrs
Net sales of services	`SalesRevenueServicesNet`	$111.60M	USD	1 Quarter
Net sales of services	`SalesRevenueServicesNet`	$122.90M	USD	1 Quarter
Net sales of services	`SalesRevenueServicesNet`	$226.50M	USD	2 Qtrs
Net sales of services	`SalesRevenueServicesNet`	$209.60M	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$933.30M	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$1.11B	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$431.20M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$606.10M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$665.40M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$486.70M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$199.60M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$361.10M	USD	1 Quarter
Cost of services sold	`CostOfServices`	$160.90M	USD	2 Qtrs
Cost of services sold	`CostOfServices`	$142.50M	USD	2 Qtrs
Cost of services sold	`CostOfServices`	$88.00M	USD	1 Quarter
Cost of services sold	`CostOfServices`	$75.00M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$807.90M	USD	2 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$647.60M	USD	2 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$436.10M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$287.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$170.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$143.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$285.70M	USD	2 Qtrs
Gross profit	`GrossProfit`	$307.10M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$145.50M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$74.10M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$68.90M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$136.50M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$12.90M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$4.90M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$6.60M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$9.00M	USD	2 Qtrs
Plan settlement	`DefinedBenefitPlanRecognizedNetGainLossDueToSettlements`	$1.30M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$127.30M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$62.90M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$160.30M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$96.20M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$8.30M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$15.30M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$8.40M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$16.50M	USD	2 Qtrs
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$5.10M	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$800.00K	USD	2 Qtrs
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-16.90M	USD	2 Qtrs
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-600.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$92.90M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$93.90M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$54.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$145.80M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$36.60M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$51.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$32.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$57.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$94.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$35.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$60.30M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.16	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.70	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.74	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.70	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.74	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.16	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.83M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.61M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.80M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.65M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.70M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.82M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.23M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.21M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$57.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$94.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$35.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$60.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.80M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.60M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.30M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-300.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$5.80M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.90M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$600.00K	USD	2 Qtrs
Amortization of debt financing costs	`AmortizationOfFinancingCosts`	$1.60M	USD	2 Qtrs
Amortization of debt financing costs	`AmortizationOfFinancingCosts`	$1.60M	USD	2 Qtrs
Provision for losses on inventory	`ProvisionForLossesOnInventory`	$2.40M	USD	2 Qtrs
Provision for losses on inventory	`ProvisionForLossesOnInventory`	$1.80M	USD	2 Qtrs
Plan settlement	`DefinedBenefitPlanBenefitObligationPeriodIncreaseDecrease`	$-200.00K	USD	2 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-600.00K	USD	2 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	USD	2 Qtrs
Net (income) loss from equity investment	`GainLossOnSaleOfEquityInvestments`	$100.00K	USD	2 Qtrs
Net (income) loss from equity investment	`GainLossOnSaleOfEquityInvestments`	$-300.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.10M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-40.50M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-45.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$63.20M	USD	2 Qtrs
Accounts payable and accruals	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-31.20M	USD	2 Qtrs
Accounts payable and accruals	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-36.10M	USD	2 Qtrs
Customer advances	`IncreaseDecreaseInCustomerAdvances`	$-25.30M	USD	2 Qtrs
Customer advances	`IncreaseDecreaseInCustomerAdvances`	$18.60M	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-9.90M	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$25.50M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$68.40M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$102.50M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.90M	USD	2 Qtrs
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$200.00K	USD	2 Qtrs
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00M	USD	2 Qtrs
Other investments	`PaymentsToAcquireOtherInvestments`	$5.00M	USD	2 Qtrs
Acquisitions, net of cash	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$68.80M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.90M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-78.60M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$700.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$100.00K	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$600.00K	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$25.70M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfSubordinatedDebt`	$100.00K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfSubordinatedDebt`	$100.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.50M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.60M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-15.90M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$54.10M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.50M	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$147.10M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$206.70M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$201.20M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$223.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$147.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$206.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$201.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$223.20M	USD	Point-in-time

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