10-Q Filing

RPC INC CIK: 742278 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001571049-16-014717`
Period End Date	20160331
Filing Date	20160503
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	res-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 29 Cash Flow Statement 75 Stockholders Equity 14 Comprehensive Income 10

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation of property, plant and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.42M	USD	Point-in-time
Accumulated depreciation of property, plant and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.20M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$232.19M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$175.55M	USD	Point-in-time
Inventories	`InventoryNet`	$128.44M	USD	Point-in-time
Inventories	`InventoryNet`	$125.09M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$51.39M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$41.29M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.96M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.38M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.83M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$492.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$463.46M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $1,477,000 in 2016 and $1,423,000 in 2015	`PropertyPlantAndEquipmentNet`	$635.31M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $1,477,000 in 2016 and $1,423,000 in 2015	`PropertyPlantAndEquipmentNet`	$688.34M	USD	Point-in-time
Goodwill	`Goodwill`	$32.15M	USD	Point-in-time
Goodwill	`Goodwill`	$32.15M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$24.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$24.28M	USD	Point-in-time
Total assets	`Assets`	$1.16B	USD	Point-in-time
Total assets	`Assets`	$1.24B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$75.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$45.88M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$16.08M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$16.65M	USD	Point-in-time
Accrued insurance expenses	`AccruedInsuranceCurrent`	$4.30M	USD	Point-in-time
Accrued insurance expenses	`AccruedInsuranceCurrent`	$4.96M	USD	Point-in-time
Accrued state, local and other taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$2.84M	USD	Point-in-time
Accrued state, local and other taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$3.98M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.70M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.64M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$226.00K	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$2.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$81.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$107.46M	USD	Point-in-time
Long-term accrued insurance expenses	`AccruedInsuranceNoncurrent`	$11.35M	USD	Point-in-time
Long-term accrued insurance expenses	`AccruedInsuranceNoncurrent`	$10.25M	USD	Point-in-time
Long-term pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$32.08M	USD	Point-in-time
Long-term pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$33.01M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$107.77M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$115.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$17.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$235.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$284.81M	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$21.70M	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$21.76M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$948.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$915.22M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.72M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.83M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.16M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$919.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$952.28M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.24B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.16B	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$189.09M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$406.27M	USD	1 Quarter
Cost of revenues (exclusive of items shown below)	`CostOfGoodsAndServicesSold`	$292.44M	USD	1 Quarter
Cost of revenues (exclusive of items shown below)	`CostOfGoodsAndServicesSold`	$161.26M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$42.43M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$43.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$60.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$65.98M	USD	1 Quarter
Gain on disposition of assets, net	`GainLossOnDispositionOfAssets`	$958.00K	USD	1 Quarter
Gain on disposition of assets, net	`GainLossOnDispositionOfAssets`	$1.26M	USD	1 Quarter
Operating (loss) profit	`OperatingIncomeLoss`	$-75.09M	USD	1 Quarter
Operating (loss) profit	`OperatingIncomeLoss`	$6.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$691.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$325.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$23.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$342.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$5.58M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.27M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-75.05M	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-42.54M	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$3.73M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$7.55M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-32.51M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter

Cash Flow Statement 75 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$7.55M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-32.51M	USD	1 Quarter
Depreciation, amortization and other non-cash charges	`DepreciationAmortizationAndOtherNonCashItems`	$67.56M	USD	1 Quarter
Depreciation, amortization and other non-cash charges	`DepreciationAmortizationAndOtherNonCashItems`	$61.42M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.66M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.52M	USD	1 Quarter
Gain on disposition of assets, net	`GainLossOnDispositionOfAssets`	$958.00K	USD	1 Quarter
Gain on disposition of assets, net	`GainLossOnDispositionOfAssets`	$1.26M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-18.41M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-8.42M	USD	1 Quarter
Excess tax benefits for share-based payments	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$403.00K	USD	1 Quarter
Excess tax benefits for share-based payments	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.46M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-203.71M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-56.89M	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-16.06M	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-10.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.67M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.22M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-621.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.58M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-806.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-241.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-225.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-117.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-29.41M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-57.94M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$783.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.06M	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-595.00K	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-22.35M	USD	1 Quarter
Accrued insurance expenses	`IncreaseDecreaseInInsuranceLiabilities`	$668.00K	USD	1 Quarter
Accrued insurance expenses	`IncreaseDecreaseInInsuranceLiabilities`	$862.00K	USD	1 Quarter
Accrued state, local and other taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$1.14M	USD	1 Quarter
Accrued state, local and other taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-841.00K	USD	1 Quarter
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-17.00K	USD	1 Quarter
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$2.07M	USD	1 Quarter
Pension liabilities	`IncreaseDecreaseInPensionPlanObligations`	$359.00K	USD	1 Quarter
Pension liabilities	`IncreaseDecreaseInPensionPlanObligations`	$-732.00K	USD	1 Quarter
Long-term accrued insurance expenses	`IncreaseDecreaseInLongTermInsuranceExpenses`	$-1.10M	USD	1 Quarter
Long-term accrued insurance expenses	`IncreaseDecreaseInLongTermInsuranceExpenses`	$769.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-14.12M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-466.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$53.47M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$200.59M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.58M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$103.49M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$2.90M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$2.01M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-100.59M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.57M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividends`	$22.76M	USD	1 Quarter
Borrowings from notes payable to banks	`ProceedsFromNotesPayable`	$265.40M	USD	1 Quarter
Repayments of notes payable to banks	`RepaymentsOfNotesPayable`	$334.30M	USD	1 Quarter
Excess tax benefits for share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$403.00K	USD	1 Quarter
Excess tax benefits for share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.46M	USD	1 Quarter
Cash paid for common stock purchased and retired	`PaymentsForRepurchaseOfCommonStock`	$4.09M	USD	1 Quarter
Cash paid for common stock purchased and retired	`PaymentsForRepurchaseOfCommonStock`	$3.19M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-94.30M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.79M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$43.11M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.70M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$108.31M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.77M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$108.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.77M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.20M	USD	Point-in-time
Interest paid, net of amounts capitalized	`InterestPaidNet`	$282.00K	USD	1 Quarter
Interest paid, net of amounts capitalized	`InterestPaidNet`	$608.00K	USD	1 Quarter
Income taxes (received) paid, net	`IncomeTaxesPaidNet`	$4.42M	USD	1 Quarter
Income taxes (received) paid, net	`IncomeTaxesPaidNet`	$-32.49M	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncludedInAccountsPayable`	$1.86M	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncludedInAccountsPayable`	$13.41M	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$919.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$952.28M	USD	Point-in-time
Stock issued for stock incentive plans, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.03M	USD	1 Quarter
Stock purchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$7.55M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.51M	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$127.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.03M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$692.00K	USD	1 Quarter
Unrealized loss on securities, net of taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$20.00K	USD	1 Quarter
Unrealized loss on securities, net of taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-9.00K	USD	1 Quarter
Excess tax benefits for share- based payments	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$403.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$919.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$952.28M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$7.55M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-32.51M	USD	1 Quarter
Pension adjustment and reclassification adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-127.00K	USD	1 Quarter
Pension adjustment and reclassification adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-125.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.03M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$692.00K	USD	1 Quarter
Unrealized loss on securities, net of taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$20.00K	USD	1 Quarter
Unrealized loss on securities, net of taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-9.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-31.70M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$6.66M	USD	1 Quarter

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