Financial Summary For the year ended December 31, 2014, revenues reached $931.0 million, compared to  $872.4 million for 2013. Net income was $208.7 million, compared to $169.8 million for  2013. Earnings per share were $5.19, compared to $4.16 for 2013, and year-end backlog  was $1.2 billion, the same as our year-end 2013 backlog. Financial Data Needed (In thousands, except per share data) Statement of Operations Data:  (Years ended December 31) 2014 2013 2012 2011 2010 Revenues $930,957 $872,372 $733,031 $601,342 $566,251 Operating income 278,748 223,545 161,692 129,639 138,713 Net income 208,712 169,827 119,209 95,267 102,226 Diluted earnings per share 5.19 4.16 2.94 2.36 2.55 Weighted average diluted shares outstanding 40,190 40,865 40,523 40,322 40,060 Other Data:  (Years ended December 31) Depreciation and amortization $31,155 $29,340 $26,224 $23,013 $20,875 Capital expenditures 42,549 42,633 50,773 56,213 74,815 Balance Sheet Data:  (as of December 31) Working capital $928,498 $931,563 $769,299 $648,302 $576,920 Total assets 1,449,251 1,396,805 1,249,708 1,094,715 948,551 Total debt – – – 57 326 Total stockholders’ equity 1,245,192 1,242,018 1,066,432 925,244 828,014 Financial Results Earnings Per Diluted Share (in dollars) $2.50 $2.00 $4.00 $3.50 $4.50 $5.00 $5.50 $3.00 $1.50 2010 2011 2012 2013 2.55 2.36 2.94 4.16 2014 5.19 Net Income (in millions) $100 $140 $160 $180 $200 $220 $120 $80 2010 2011 2012 2013 102.2 95.3 169.8 2014 208.7 119.2 2010 566.3 2011 601.3 2012 2013 Revenues (in millions) $800 $600 $500 $400 $700 $900 $1,000 733.0 872.4 2014 931.0 Dril-Quip  2014 Annual Report 2