10-Q Filing

RPC INC CIK: 742278 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001571049-17-004166`
Period End Date	20170331
Filing Date	20170428
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	res-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 30 Cash Flow Statement 69 Stockholders Equity 13 Comprehensive Income 10

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.55M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.96M	USD	Point-in-time
Accumulated depreciation of property, plant and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.63B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.31M	USD	Point-in-time
Accumulated depreciation of property, plant and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.60B	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,956 in 2017 and $2,553 in 2016	`AccountsReceivableNetCurrent`	$246.58M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,956 in 2017 and $2,553 in 2016	`AccountsReceivableNetCurrent`	$169.17M	USD	Point-in-time
Inventories	`InventoryNet`	$111.94M	USD	Point-in-time
Inventories	`InventoryNet`	$108.32M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$48.46M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$57.17M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.90M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.72M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.85M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$524.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$479.06M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $1,631,602 in 2017 and $1,595,508 in 2016	`PropertyPlantAndEquipmentNet`	$465.25M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $1,631,602 in 2017 and $1,595,508 in 2016	`PropertyPlantAndEquipmentNet`	$497.99M	USD	Point-in-time
Goodwill	`Goodwill`	$32.15M	USD	Point-in-time
Goodwill	`Goodwill`	$32.15M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$27.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$26.26M	USD	Point-in-time
Total assets	`Assets`	$1.04B	USD	Point-in-time
Total assets	`Assets`	$1.05B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$70.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$92.27M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$17.53M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$12.13M	USD	Point-in-time
Accrued insurance expenses	`AccruedInsuranceCurrent`	$4.68M	USD	Point-in-time
Accrued insurance expenses	`AccruedInsuranceCurrent`	$4.10M	USD	Point-in-time
Accrued state, local and other taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$3.09M	USD	Point-in-time
Accrued state, local and other taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$4.75M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.93M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.81M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$6.68M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$101.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$124.77M	USD	Point-in-time
Long-term accrued insurance expenses	`AccruedInsuranceNoncurrent`	$9.88M	USD	Point-in-time
Long-term accrued insurance expenses	`AccruedInsuranceNoncurrent`	$9.54M	USD	Point-in-time
Long-term pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$32.86M	USD	Point-in-time
Long-term pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$33.64M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$81.47M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$69.87M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.32M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$228.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$241.45M	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$21.78M	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$21.75M	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`	$803.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$803.77M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.97M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.94M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$807.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$806.80M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.04B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.05B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$298.12M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$189.09M	USD	1 Quarter
Cost of revenues (exclusive of items shown below)	`CostOfGoodsAndServicesSold`	$216.24M	USD	1 Quarter
Cost of revenues (exclusive of items shown below)	`CostOfGoodsAndServicesSold`	$161.26M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.16M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$43.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$60.64M	USD	1 Quarter
Gain on disposition of assets, net	`GainLossOnDispositionOfAssets`	$1.26M	USD	1 Quarter
Gain on disposition of assets, net	`GainLossOnDispositionOfAssets`	$1.52M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-75.09M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$1.57M	USD	1 Quarter
Interest expense	`InterestExpense`	$325.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$103.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$129.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$23.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$212.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$342.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.81M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-75.05M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-42.54M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.82M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-32.51M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.63M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	1 Quarter

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-32.51M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.63M	USD	1 Quarter
Depreciation, amortization and other non-cash charges	`DepreciationAmortizationAndOtherNonCashItems`	$61.42M	USD	1 Quarter
Depreciation, amortization and other non-cash charges	`DepreciationAmortizationAndOtherNonCashItems`	$45.41M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.66M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.69M	USD	1 Quarter
Gain on disposition of assets, net	`GainLossOnDispositionOfAssets`	$1.26M	USD	1 Quarter
Gain on disposition of assets, net	`GainLossOnDispositionOfAssets`	$1.52M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-11.67M	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
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$77.41M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-56.89M	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-8.71M	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-10.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.67M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$179.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.58M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$429.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-241.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$749.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-117.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.77M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-29.41M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.06M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.12M	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-595.00K	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$5.40M	USD	1 Quarter
Accrued insurance expenses	`IncreaseDecreaseInInsuranceLiabilities`	$582.00K	USD	1 Quarter
Accrued insurance expenses	`IncreaseDecreaseInInsuranceLiabilities`	$668.00K	USD	1 Quarter
Accrued state, local and other taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$1.65M	USD	1 Quarter
Accrued state, local and other taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$1.14M	USD	1 Quarter
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$2.07M	USD	1 Quarter
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-4.94M	USD	1 Quarter
Pension liabilities	`IncreaseDecreaseInPensionPlanObligations`	$-732.00K	USD	1 Quarter
Pension liabilities	`IncreaseDecreaseInPensionPlanObligations`	$986.00K	USD	1 Quarter
Long-term accrued insurance expenses	`IncreaseDecreaseInLongTermInsuranceExpenses`	$345.00K	USD	1 Quarter
Long-term accrued insurance expenses	`IncreaseDecreaseInLongTermInsuranceExpenses`	$-1.10M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-14.12M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-30.00K	USD	1 Quarter
Net cash (used for) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-12.45M	USD	1 Quarter
Net cash (used for) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$53.47M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.58M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.71M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$2.49M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$2.01M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.57M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.21M	USD	1 Quarter
Excess tax benefits for share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$403.00K	USD	1 Quarter
Cash paid for common stock purchased and retired	`PaymentsForRepurchaseOfCommonStock`	$3.19M	USD	1 Quarter
Cash paid for common stock purchased and retired	`PaymentsForRepurchaseOfCommonStock`	$5.67M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.67M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.79M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$43.11M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.34M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$104.50M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$131.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$108.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$104.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$131.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$108.31M	USD	Point-in-time
Interest paid, net of amounts capitalized	`InterestPaidNet`	$282.00K	USD	1 Quarter
Income taxes paid (received), net	`IncomeTaxesPaidNet`	$-32.49M	USD	1 Quarter
Income taxes paid (received), net	`IncomeTaxesPaidNet`	$2.20M	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncludedInAccountsPayable`	$5.32M	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncludedInAccountsPayable`	$1.86M	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$807.61M	USD	Point-in-time
Balance	`StockholdersEquity`	$806.80M	USD	Point-in-time
Stock issued for stock incentive plans, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.69M	USD	1 Quarter
Stock purchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$5.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-32.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.63M	USD	1 Quarter
Pension adjustment, net of taxes	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$135.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$42.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$692.00K	USD	1 Quarter
Unrealized loss on securities, net of taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-15.00K	USD	1 Quarter
Unrealized loss on securities, net of taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-9.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$807.61M	USD	Point-in-time
Balance	`StockholdersEquity`	$806.80M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-32.51M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.63M	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`	$-135.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$42.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$692.00K	USD	1 Quarter
Unrealized loss on securities, net of taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-15.00K	USD	1 Quarter
Unrealized loss on securities, net of taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-9.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$3.80M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-31.70M	USD	1 Quarter

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