10-Q Filing

DYCOM INDUSTRIES INC CIK: 67215 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000067215-14-000046`
Period End Date	20141031
Filing Date	20141126
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	dy-20141025.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 34 Cash Flow Statement 72 Comprehensive Income 6

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.39M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.46M	USD	Point-in-time
Debt premium	`DebtInstrumentUnamortizedPremium`	$3.20M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.67M	USD	Point-in-time
Debt premium	`DebtInstrumentUnamortizedPremium`	$3.10M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.61M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$272.74M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$296.83M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsAndEstimatedEarningsInExcessOfBillings`	$230.57M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsAndEstimatedEarningsInExcessOfBillings`	$256.95M	USD	Point-in-time
Inventories	`InventoryNet`	$47.00M	USD	Point-in-time
Inventories	`InventoryNet`	$49.09M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	$21.02M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	$19.93M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.73M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.47M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.33	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.33	USD	Point-in-time
Total current assets	`AssetsCurrent`	$652.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$605.74M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$205.41M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$206.14M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	34.06M	shares	Point-in-time
GOODWILL	`Goodwill`	$269.46M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	33.99M	shares	Point-in-time
GOODWILL	`Goodwill`	$269.09M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$116.12M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	33.99M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	34.06M	shares	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$117.82M	USD	Point-in-time
OTHER	`OtherAssetsNoncurrent`	$15.99M	USD	Point-in-time
OTHER	`OtherAssetsNoncurrent`	$16.00M	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`AssetsNoncurrent`	$609.42M	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`AssetsNoncurrent`	$606.62M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.21B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.26B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$63.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$66.42M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$10.94M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$11.72M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostsAndEstimatedEarnings`	$13.88M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostsAndEstimatedEarnings`	$14.03M	USD	Point-in-time
Accrued insurance claims	`AccruedInsuranceClaimsCurrent`	$32.26M	USD	Point-in-time
Accrued insurance claims	`AccruedInsuranceClaimsCurrent`	$33.52M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$86.91M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$76.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$212.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$196.53M	USD	Point-in-time
LONG-TERM DEBT (including debt premium of $3.1 million and $3.2 million at October 25, 2014 and July 26, 2014, respectively)	`LongTermDebtAndCapitalLeaseObligations`	$455.64M	USD	Point-in-time
LONG-TERM DEBT (including debt premium of $3.1 million and $3.2 million at October 25, 2014 and July 26, 2014, respectively)	`LongTermDebtAndCapitalLeaseObligations`	$446.86M	USD	Point-in-time
ACCRUED INSURANCE CLAIMS	`AccruedInsuranceClaimsNoncurrent`	$36.19M	USD	Point-in-time
ACCRUED INSURANCE CLAIMS	`AccruedInsuranceClaimsNoncurrent`	$33.78M	USD	Point-in-time
DEFERRED TAX LIABILITIES, NET NON-CURRENT	`DeferredTaxLiabilitiesNoncurrent`	$45.36M	USD	Point-in-time
DEFERRED TAX LIABILITIES, NET NON-CURRENT	`DeferredTaxLiabilitiesNoncurrent`	$43.02M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$5.21M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$4.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$727.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$752.66M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES, Note 16	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES, Note 16	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $1.00 per share: 1,000,000 shares authorized: no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $1.00 per share: 1,000,000 shares authorized: no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.33 1/3 per share: 150,000,000 shares authorized: 34,057,679 and 33,990,589 issued and outstanding, respectively	`CommonStockValue`	$11.33M	USD	Point-in-time
Common stock, par value $0.33 1/3 per share: 150,000,000 shares authorized: 34,057,679 and 33,990,589 issued and outstanding, respectively	`CommonStockValue`	$11.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$131.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$135.82M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-426.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-158.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$362.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$341.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$509.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$484.93M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.26B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.21B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Contract revenues	`SalesRevenueServicesNet`	$510.39M	USD	1 Quarter
General and administrative, stock based compensation expense	`AllocatedShareBasedCompensationExpense`	$3.89M	USD	1 Quarter
Contract revenues	`SalesRevenueServicesNet`	$512.72M	USD	1 Quarter
General and administrative, stock based compensation expense	`AllocatedShareBasedCompensationExpense`	$3.51M	USD	1 Quarter
Costs of earned revenues, excluding depreciation and amortization	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$403.47M	USD	1 Quarter
Costs of earned revenues, excluding depreciation and amortization	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$410.12M	USD	1 Quarter
General and administrative (including stock-based compensation expense of $3.9 million and $3.5 million, respectively)	`GeneralAndAdministrativeExpense`	$44.70M	USD	1 Quarter
General and administrative (including stock-based compensation expense of $3.9 million and $3.5 million, respectively)	`GeneralAndAdministrativeExpense`	$43.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.93M	USD	1 Quarter
Total	`OperatingExpenses`	$476.75M	USD	1 Quarter
Total	`OperatingExpenses`	$471.09M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-6.75M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-6.89M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.79M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.01M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$31.10M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$34.34M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$12.33M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$17.00M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-3.46M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$113.00K	USD	1 Quarter
Total	`IncomeTaxExpenseBenefit`	$12.44M	USD	1 Quarter
Total	`IncomeTaxExpenseBenefit`	$13.53M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$18.66M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$20.81M	USD	1 Quarter
Basic earnings per common share (usd per share)	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Basic earnings per common share (usd per share)	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Diluted earnings per common share (usd per share)	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Diluted earnings per common share (usd per share)	`EarningsPerShareDiluted`	$0.54	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	34.01M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.42M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.12M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.64M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.81M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.93M	USD	1 Quarter
Bad debt expense, net	`ProvisionForDoubtfulAccounts`	$186.00K	USD	1 Quarter
Bad debt expense, net	`ProvisionForDoubtfulAccounts`	$83.00K	USD	1 Quarter
Gain on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.86M	USD	1 Quarter
Gain on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.52M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-3.46M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$113.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.51M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.89M	USD	1 Quarter
Amortization of premium on long-term debt	`AmortizationOfDebtDiscountPremium`	$-97.00K	USD	1 Quarter
Amortization of premium on long-term debt	`AmortizationOfDebtDiscountPremium`	$-91.00K	USD	1 Quarter
Amortization of debt issuance costs and other	`AmortizationOfFinancingCosts`	$494.00K	USD	1 Quarter
Amortization of debt issuance costs and other	`AmortizationOfFinancingCosts`	$465.00K	USD	1 Quarter
Excess tax benefit from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$210.00K	USD	1 Quarter
Excess tax benefit from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$656.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$22.02M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$52.40M	USD	1 Quarter
Costs and estimated earnings in excess of billings, net	`IncreaseDecreaseInUnbilledReceivables`	$17.20M	USD	1 Quarter
Costs and estimated earnings in excess of billings, net	`IncreaseDecreaseInUnbilledReceivables`	$26.24M	USD	1 Quarter
Other current assets and inventory	`IncreaseDecreaseInOtherCurrentAssetsAndInventory`	$1.61M	USD	1 Quarter
Other current assets and inventory	`IncreaseDecreaseInOtherCurrentAssetsAndInventory`	$8.74M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$159.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$430.00K	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-10.23M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-8.10M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$871.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.15M	USD	1 Quarter
Accrued liabilities, insurance claims, and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$7.23M	USD	1 Quarter
Accrued liabilities, insurance claims, and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.63M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.69M	USD	1 Quarter
Cash paid for acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$8.37M	USD	1 Quarter
Cash paid for acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.29M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.03M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$1.70M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$2.46M	USD	1 Quarter
Changes in restricted cash	`IncreaseDecreaseInRestrictedCash`	$305.00K	USD	1 Quarter
Changes in restricted cash	`IncreaseDecreaseInRestrictedCash`	$541.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.13M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.24M	USD	1 Quarter
Proceeds from borrowings on Senior Credit Agreement	`ProceedsFromLongTermLinesOfCredit`	$132.00M	USD	1 Quarter
Proceeds from borrowings on Senior Credit Agreement	`ProceedsFromLongTermLinesOfCredit`	$164.00M	USD	1 Quarter
Principal payments on Senior Credit Agreement	`RepaymentsOfLongTermLinesOfCredit`	$131.56M	USD	1 Quarter
Principal payments on Senior Credit Agreement	`RepaymentsOfLongTermLinesOfCredit`	$122.34M	USD	1 Quarter
Exercise of stock options and other	`ProceedsFromStockOptionsExercised`	$567.00K	USD	1 Quarter
Exercise of stock options and other	`ProceedsFromStockOptionsExercised`	$10.12M	USD	1 Quarter
Restricted stock tax withholdings	`RestrictedStockRepurchasedForTaxWithholdings`	$-309.00K	USD	1 Quarter
Restricted stock tax withholdings	`RestrictedStockRepurchasedForTaxWithholdings`	$-609.00K	USD	1 Quarter
Excess tax benefit from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$210.00K	USD	1 Quarter
Excess tax benefit from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$656.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.12M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.61M	USD	1 Quarter
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.21M	USD	1 Quarter
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.21M	USD	1 Quarter
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$14.39M	USD	Point-in-time
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.46M	USD	Point-in-time
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$20.67M	USD	Point-in-time
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.61M	USD	Point-in-time
CASH AND EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$14.39M	USD	Point-in-time
CASH AND EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.46M	USD	Point-in-time
CASH AND EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$20.67M	USD	Point-in-time
CASH AND EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.61M	USD	Point-in-time
Interest	`InterestPaid`	$1.37M	USD	1 Quarter
Interest	`InterestPaid`	$1.52M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$6.80M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$4.31M	USD	1 Quarter
Purchases of capital assets included in accounts payable or other accrued liabilities at period end	`CapitalExpendituresIncurredButNotYetPaid`	$3.38M	USD	1 Quarter
Purchases of capital assets included in accounts payable or other accrued liabilities at period end	`CapitalExpendituresIncurredButNotYetPaid`	$3.92M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$18.66M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$20.81M	USD	1 Quarter
Foreign currency translation losses	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-60.00K	USD	1 Quarter
Foreign currency translation losses	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-268.00K	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$20.54M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$18.60M	USD	1 Quarter

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