10-Q Filing

DRESSER-RAND GROUP INC. CIK: 1316656 Q3 2010

Filing Information

Form Type	10-Q
Accession Number	`0000950123-10-097543`
Period End Date	20100930
Filing Date	20101028
Fiscal Year	2010
Fiscal Period	Q3
XBRL Instance	drc-20100930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 77 Cash Flow Statement 60

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance for losses on accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.40M	USD	Point-in-time
Allowance for losses on accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$147.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$223.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$333.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$198.20M	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 $13.5 at 2010 and $14.4 at 2009	`AccountsReceivableNetCurrent`	$289.80M	USD	Point-in-time
Accounts receivable, less allowance for losses of $13.5 at 2010 and $14.4 at 2009	`AccountsReceivableNetCurrent`	$285.80M	USD	Point-in-time
Inventories, net	`InventoryNet`	$353.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$297.40M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	80.61M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpensesAndOther`	$24.90M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpensesAndOther`	$39.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	82.51M	shares	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$45.40M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	80.61M	shares	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$43.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	82.51M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$998.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$936.30M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$269.20M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$268.90M	USD	Point-in-time
Goodwill	`Goodwill`	$489.50M	USD	Point-in-time
Goodwill	`Goodwill`	$486.00M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$431.20M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$430.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$25.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$28.10M	USD	Point-in-time
Total assets	`Assets`	$2.15B	USD	Point-in-time
Total assets	`Assets`	$2.21B	USD	Point-in-time
Accounts payable and accruals	`AccountsPayableAndAccruedLiabilitiesCurrent`	$412.00M	USD	Point-in-time
Accounts payable and accruals	`AccountsPayableAndAccruedLiabilitiesCurrent`	$356.80M	USD	Point-in-time
Customer advance payments	`CustomerAdvancesCurrent`	$165.20M	USD	Point-in-time
Customer advance payments	`CustomerAdvancesCurrent`	$221.00M	USD	Point-in-time
Accrued income taxes payable	`AccruedIncomeTaxesCurrent`	$8.10M	USD	Point-in-time
Accrued income taxes payable	`AccruedIncomeTaxesCurrent`	$27.00M	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	-	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$100.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$604.80M	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`	$44.00M	USD	Point-in-time
Postemployment and other employee benefit liabilities	`PostemploymentAndOtherEmployeeBenefitLiabilities`	$107.60M	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`	$44.70M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$33.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.17B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.14B	USD	Point-in-time
Common stock, $0.01 par value, 250,000,000 shares authorized; and 80,606,075 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 80,606,075 and 82,513,744 shares issued and outstanding, respectively	`CommonStockValue`	$800.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$396.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$344.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$732.90M	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`	$-35.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.01B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.04B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.15B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.21B	USD	Point-in-time

Income Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net sales of products	`SalesRevenueGoodsNet`	$378.50M	USD	1 Quarter
Net sales of products	`SalesRevenueGoodsNet`	$494.80M	USD	1 Quarter
Net sales of products	`SalesRevenueGoodsNet`	$1.09B	USD	3 Qtrs
Net sales of products	`SalesRevenueGoodsNet`	$1.40B	USD	3 Qtrs
Net sales of services	`SalesRevenueServicesNet`	$331.10M	USD	3 Qtrs
Net sales of services	`SalesRevenueServicesNet`	$326.80M	USD	3 Qtrs
Net sales of services	`SalesRevenueServicesNet`	$104.60M	USD	1 Quarter
Net sales of services	`SalesRevenueServicesNet`	$117.30M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$612.10M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$483.10M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$1.73B	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$1.42B	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$350.30M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$748.60M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$1.02B	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$261.90M	USD	1 Quarter
Cost of services sold	`CostOfServices`	$236.90M	USD	3 Qtrs
Cost of services sold	`CostOfServices`	$76.00M	USD	1 Quarter
Cost of services sold	`CostOfServices`	$79.60M	USD	1 Quarter
Cost of services sold	`CostOfServices`	$222.20M	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$1.24B	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$337.90M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$985.50M	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$429.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$430.90M	USD	3 Qtrs
Gross profit	`GrossProfit`	$489.20M	USD	3 Qtrs
Gross profit	`GrossProfit`	$145.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$182.20M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$70.90M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$73.50M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$207.40M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$219.00M	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$19.30M	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$14.60M	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$5.70M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$6.40M	USD	1 Quarter
Plan settlement	`DefinedBenefitPlanRecognizedNetGainLossDueToSettlements`	$1.30M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$65.30M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$265.90M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$105.60M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$192.60M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$24.80M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$8.20M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$23.60M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$8.30M	USD	1 Quarter
Other income (expense) , net	`OtherNonoperatingIncomeExpense`	$-14.20M	USD	3 Qtrs
Other income (expense) , net	`OtherNonoperatingIncomeExpense`	$4.00M	USD	3 Qtrs
Other income (expense) , net	`OtherNonoperatingIncomeExpense`	$3.20M	USD	1 Quarter
Other income (expense) , net	`OtherNonoperatingIncomeExpense`	$2.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$153.60M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$100.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$246.30M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$59.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$58.80M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$76.90M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$25.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$169.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$94.80M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$37.50M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.91	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.17	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$2.07	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.91	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.16	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.07	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	80.37M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.70M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.34M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.64M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.79M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.01M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	80.95M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.80M	shares	3 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$74.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$169.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$94.80M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$37.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$38.50M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$37.90M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.30M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$9.00M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$8.00M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$10.00M	USD	3 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$800.00K	USD	3 Qtrs
Amortization of debt financing costs	`AmortizationOfFinancingCosts`	$2.40M	USD	3 Qtrs
Amortization of debt financing costs	`AmortizationOfFinancingCosts`	$2.40M	USD	3 Qtrs
Provision for losses on inventory	`ProvisionForLossesOnInventory`	$3.90M	USD	3 Qtrs
Provision for losses on inventory	`ProvisionForLossesOnInventory`	$4.20M	USD	3 Qtrs
Plan settlement	`DefinedBenefitPlanBenefitObligationPeriodIncreaseDecrease`	$-200.00K	USD	3 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-600.00K	USD	3 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	USD	3 Qtrs
Net loss from equity investment	`GainLossOnSaleOfEquityInvestments`	$-800.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.90M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-61.80M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$38.20M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-48.40M	USD	3 Qtrs
Accounts payable and accruals	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-49.80M	USD	3 Qtrs
Accounts payable and accruals	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-25.40M	USD	3 Qtrs
Customer advances	`IncreaseDecreaseInCustomerAdvances`	$59.50M	USD	3 Qtrs
Customer advances	`IncreaseDecreaseInCustomerAdvances`	$-77.50M	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$38.00M	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-6.30M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$79.60M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$258.10M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.50M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.10M	USD	3 Qtrs
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$200.00K	USD	3 Qtrs
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00M	USD	3 Qtrs
Other investments	`PaymentsToAcquireOtherInvestments`	$5.00M	USD	3 Qtrs
Acquisitions, net of cash	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$12.70M	USD	3 Qtrs
Acquisitions, net of cash	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$68.80M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.80M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-82.10M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.10M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$900.00K	USD	3 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$800.00K	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$63.30M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfSubordinatedDebt`	$100.00K	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfSubordinatedDebt`	$100.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.00M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-61.70M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.50M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.30M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$109.80M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$51.10M	USD	3 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`	$223.20M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$333.00M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$198.20M	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`	$223.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$333.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$198.20M	USD	Point-in-time

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