| Address:
|
1803 GEARS ROAD
|
| City: |
HOUSTON |
|
State: |
TX |
|
Zip Code: |
77067 |
| Telephone: |
281-591-4000 |
|
Description of Business
|
Primary SIC Code:
3533 |
| (As filed with the SEC)
|
|
|
We are a global provider of technology solutions for the energy industry. We
design, manufacture and service technologically sophisticated systems and
products including subsea production and processing systems, surface wellhead
production systems, high pressure fluid control equipment, measurement
solutions, and marine loading systems for the oil and gas industry. Our
operations are aggregated into two reportable segments: Energy Production
Systems and Energy Processing Systems. Financial information about our business
segments is incorporated herein by reference from Note 19 to our consolidated
financial statements included in Item 8 of this Annual Report on Form 10-K.
We were incorporated in November 2000 under Delaware law and were a wholly owned
subsidiary of FMC Corporation until our initial public offering in June 2001,
when 17% of our common stock was sold to the public. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 1.64 | NA | 22.93 | | 06/2011 | 1.48 | NA | 30.26 | | 03/2011 | 0.74 | NA | 63.84 | | 12/2010 | 0.76 | NA | 58.11 | | 09/2010 | 1.49 | NA | 22.92 | | 06/2010 | 1.52 | NA | 17.27 | | 03/2010 | 1.56 | NA | 20.78 | | 12/2009 | 1.44 | NA | 20.15 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -1.52 | Total Liab/Total Assets | 0.64 | | Net Inc/Total Assets | 0.10 | Total Liab/Inv Cap | 1.13 | | Net Inc/Inv Cap | 0.18 | Total Liab/Comm Equity | -9.42 | | Pretax Inc/Net Sales | 0.13 | Interest Coverage Ratio | 49.46 | | Net Inc/Net Sales | 0.09 | Curr Debt/Equity | 0.07 | | Cash Flow/Net Sales | 0.05 | LTD/Equity | 0.30 | | SG&A/NetSales | 0.10 | Total Debt/Equity | 0.37 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 3.88 | Quick Ratio | 1.19 | | Inventory Turnover | 5.31 | Current Ratio | 1.57 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.51 | | Net Sales/Work Cap | 4.85 | Inv/Curr Assets | 0.24 | | Net Sales/PP&E | 6.77 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
1,287.20
|
1,229.40
|
1,081.90
|
1,102.80
|
|
Cost of Goods Sold
|
980.20
|
953.90
|
842.70
|
828.40
|
|
Selling & Admin Exps
|
110.00
|
116.50
|
115.20
|
119.10
|
|
Operating Income
|
173.20
|
137.40
|
107.40
|
136.40
|
|
Interest Exp
|
2.40
|
2.10
|
1.50
|
4.60
|
|
Pretax Income
|
167.40
|
137.80
|
108.30
|
133.80
|
|
Other Income
|
-3.40
|
2.50
|
2.40
|
2.00
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
121.10
|
94.30
|
85.20
|
99.30
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
514.60
|
653.60
|
568.60
|
463.10
|
|
Receivables - Total
|
1,324.20
|
1,284.00
|
1,209.20
|
1,206.30
|
|
Inventories - Total
|
722.50
|
695.00
|
616.50
|
566.50
|
|
Total Current Assets
|
2,691.60
|
2,758.60
|
2,532.00
|
2,345.30
|
|
Net Property, Plant & Equipment
|
715.90
|
692.70
|
642.50
|
609.00
|
|
Total Assets
|
4,061.00
|
4,200.00
|
3,891.80
|
3,644.20
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
1,243.80
|
1,118.40
|
1,047.40
|
1,153.70
|
|
Debt in Current Liabilities
|
108.40
|
95.70
|
88.70
|
87.10
|
|
Total Current Liabilities
|
1,617.90
|
1,626.60
|
1,515.60
|
1,495.40
|
|
Long-Term Debt
|
567.40
|
557.80
|
486.10
|
397.20
|
|
Total Liabilities
|
2,554.50
|
2,644.20
|
2,455.40
|
2,332.50
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
11.80
|
11.10
|
11.10
|
10.60
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
-4.80
|
-4.30
|
-3.30
|
1.40
|
|
Retained Earnings
|
2,115.50
|
1,994.40
|
1,900.10
|
1,814.90
|
|
Treasury Stock
|
-997.40
|
-939.70
|
-933.80
|
-947.80
|
|
Total Stockholders' Equity
|
1,506.50
|
1,555.80
|
1,436.40
|
1,311.70
|
|
Total Liabilities and Stockholders' Equity
|
4,061.00
|
4,200.00
|
3,891.80
|
3,644.20
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
-1.30
|
69.90
|
50.20
|
62.70
|
|
Net Cash Provided by Investing Activities
|
-83.80
|
-63.60
|
-39.30
|
-46.50
|
|
Net Cash Provided by Financing Activities
|
0.20
|
42.30
|
49.60
|
-213.00
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 3,790.70 | 276.30 | 0.73 | | 12/2007 | 4,615.40 | 302.80 | 1.12 | | 12/2008 | 4,550.90 | 361.30 | 1.36 | | 12/2009 | 4,405.40 | 361.80 | 1.44 | | 12/2010 | 4,125.60 | 375.50 | 0.76 | | Growth Rates | 2.14 | 7.97 | 1.01 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 397 | 233,229 | 97.88 |
|
Report Date :
2/6/2012
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