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10-Q Filing

DYCOM INDUSTRIES INC CIK: 67215 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000067215-16-000118
Period End Date 20161031
Filing Date 20161123
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance dy-20161029.xml
Filing Contents
Balance Sheet 84 line items
Line Item Tag Value Unit Period
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 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
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $21.80M USD Point-in-time
Preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $33.79M USD Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $21.29M USD Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $21.71M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $328.03M USD Point-in-time
Preferred stock, outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $329.79M USD Point-in-time
Preferred stock, outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Costs and estimated earnings in excess of billings CostsAndEstimatedEarningsInExcessOfBillings $376.97M 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
Costs and estimated earnings in excess of billings CostsAndEstimatedEarningsInExcessOfBillings $488.96M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Inventories InventoryNet $73.61M USD Point-in-time
Inventories InventoryNet $81.05M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Deferred tax assets, net DeferredTaxAssetsNetCurrent $22.73M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsNetCurrent $24.02M USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 31.47M shares Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 31.42M shares Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 31.42M shares Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 31.47M shares Point-in-time
Other current assets OtherAssetsCurrent $16.11M USD Point-in-time
Other current assets OtherAssetsCurrent $21.42M USD Point-in-time
Total current assets AssetsCurrent $966.95M USD Point-in-time
Total current assets AssetsCurrent $851.23M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $337.65M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $326.67M USD Point-in-time
Goodwill Goodwill $310.16M USD Point-in-time
Goodwill Goodwill $308.67M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $191.66M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $197.88M USD Point-in-time
Other OtherAssetsNoncurrent $33.78M USD Point-in-time
Other OtherAssetsNoncurrent $33.47M USD Point-in-time
Total non-current assets AssetsNoncurrent $868.48M USD Point-in-time
Total non-current assets AssetsNoncurrent $871.46M USD Point-in-time
Total assets Assets $1.72B USD Point-in-time
Total assets Assets $1.84B USD Point-in-time
Accounts payable AccountsPayableCurrent $115.49M USD Point-in-time
Accounts payable AccountsPayableCurrent $114.73M USD Point-in-time
Current portion of debt DebtCurrent $17.50M USD Point-in-time
Current portion of debt DebtCurrent $13.12M USD Point-in-time
Billings in excess of costs and estimated earnings BillingsInExcessOfCostsAndEstimatedEarnings $19.56M USD Point-in-time
Billings in excess of costs and estimated earnings BillingsInExcessOfCostsAndEstimatedEarnings $15.27M USD Point-in-time
Accrued insurance claims AccruedInsuranceClaimsCurrent $38.75M USD Point-in-time
Accrued insurance claims AccruedInsuranceClaimsCurrent $36.84M USD Point-in-time
Income taxes payable TaxesPayableCurrent $27.90M USD Point-in-time
Income taxes payable TaxesPayableCurrent $15.31M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $122.30M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $97.81M USD Point-in-time
Total current liabilities LiabilitiesCurrent $311.96M USD Point-in-time
Total current liabilities LiabilitiesCurrent $322.63M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $706.20M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $774.50M USD Point-in-time
Accrued insurance claims AccruedInsuranceClaimsNoncurrent $54.56M USD Point-in-time
Accrued insurance claims AccruedInsuranceClaimsNoncurrent $52.84M USD Point-in-time
Deferred tax liabilities, net non-current DeferredTaxLiabilitiesNoncurrent $79.39M USD Point-in-time
Deferred tax liabilities, net non-current DeferredTaxLiabilitiesNoncurrent $76.59M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $4.27M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $4.18M USD Point-in-time
Total liabilities Liabilities $1.22B USD Point-in-time
Total liabilities Liabilities $1.16B 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: 31,465,218 and 31,420,310 issued and outstanding, respectively CommonStockValue $10.47M USD Point-in-time
Common stock, par value $0.33 1/3 per share: 150,000,000 shares authorized: 31,465,218 and 31,420,310 issued and outstanding, respectively CommonStockValue $10.49M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $15.60M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $10.21M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.30M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.27M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $537.88M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $588.93M USD Point-in-time
Total stockholders equity StockholdersEquity $557.29M USD Point-in-time
Total stockholders equity StockholdersEquity $613.72M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.72B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.84B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Stock-based compensation ShareBasedCompensation $4.51M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $5.71M USD 1 Quarter
Contract revenues SalesRevenueServicesNet $799.22M USD 1 Quarter
Contract revenues SalesRevenueServicesNet $659.27M USD 1 Quarter
Costs of earned revenues, excluding depreciation and amortization CostOfServicesExcludingDepreciationDepletionAndAmortization $614.99M USD 1 Quarter
Costs of earned revenues, excluding depreciation and amortization CostOfServicesExcludingDepreciationDepletionAndAmortization $506.98M USD 1 Quarter
General and administrative (including stock-based compensation expense of $5.7 million and $4.5 million, respectively) GeneralAndAdministrativeExpense $60.20M USD 1 Quarter
General and administrative (including stock-based compensation expense of $5.7 million and $4.5 million, respectively) GeneralAndAdministrativeExpense $51.46M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $27.45M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $34.55M USD 1 Quarter
Total CostsAndExpenses $709.74M USD 1 Quarter
Total CostsAndExpenses $585.89M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-9.13M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-9.07M USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-16.26M USD 1 Quarter
Other income, net NonoperatingIncomeExpense $1.47M USD 1 Quarter
Other income, net NonoperatingIncomeExpense $940.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $49.45M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $81.36M USD 1 Quarter
Current CurrentIncomeTaxExpenseBenefit $28.69M USD 1 Quarter
Current CurrentIncomeTaxExpenseBenefit $22.60M USD 1 Quarter
Deferred DeferredIncomeTaxExpenseBenefit $1.61M USD 1 Quarter
Deferred DeferredIncomeTaxExpenseBenefit $-3.97M USD 1 Quarter
Total provision for income taxes IncomeTaxExpenseBenefit $18.63M USD 1 Quarter
Total provision for income taxes IncomeTaxExpenseBenefit $30.31M USD 1 Quarter
Net income NetIncomeLoss $30.82M USD 1 Quarter
Net income NetIncomeLoss $51.05M USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.94 USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $1.62 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $1.59 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.91 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 32.87M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 31.43M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 32.20M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 33.89M shares 1 Quarter
Cash Flow Statement 89 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $30.82M USD 1 Quarter
Net income NetIncomeLoss $51.05M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $27.45M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $34.55M USD 1 Quarter
Deferred income tax provision (benefit) DeferredIncomeTaxExpenseBenefit $1.61M USD 1 Quarter
Deferred income tax provision (benefit) DeferredIncomeTaxExpenseBenefit $-3.97M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $4.51M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $5.71M USD 1 Quarter
Bad debt expense, net ProvisionForDoubtfulAccounts $490.00K USD 1 Quarter
Bad debt expense, net ProvisionForDoubtfulAccounts $82.00K USD 1 Quarter
Gain on sale of fixed assets GainLossOnSaleOfPropertyPlantEquipment $1.44M USD 1 Quarter
Gain on sale of fixed assets GainLossOnSaleOfPropertyPlantEquipment $1.14M USD 1 Quarter
Write-off of deferred financing fees and premium on long-term debt WriteOffOfDeferredDebtIssuanceCost $2.02M USD 1 Quarter
Write-off of deferred financing fees and premium on long-term debt WriteOffOfDeferredDebtIssuanceCost - USD 1 Quarter
Amortization of debt discount AmortizationOfDebtDiscountPremium $1.78M USD 1 Quarter
Amortization of debt discount AmortizationOfDebtDiscountPremium $4.31M USD 1 Quarter
Amortization of debt issuance costs and other AmortizationOfFinancingCosts $815.00K USD 1 Quarter
Amortization of debt issuance costs and other AmortizationOfFinancingCosts $596.00K USD 1 Quarter
Excess tax benefit from share-based awards ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $879.00K USD 1 Quarter
Excess tax benefit from share-based awards ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $1.02M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $35.50M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $2.40M USD 1 Quarter
Costs and estimated earnings in excess of billings, net IncreaseDecreaseInUnbilledReceivables $115.50M USD 1 Quarter
Costs and estimated earnings in excess of billings, net IncreaseDecreaseInUnbilledReceivables $51.34M USD 1 Quarter
Other current assets and inventory IncreaseDecreaseInOtherCurrentAssetsAndInventory $13.63M USD 1 Quarter
Other current assets and inventory IncreaseDecreaseInOtherCurrentAssetsAndInventory $9.30M USD 1 Quarter
Other assets IncreaseDecreaseInOtherNoncurrentAssets $844.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherNoncurrentAssets $-132.00K USD 1 Quarter
Income taxes receivable/payable IncreaseDecreaseInIncomeTaxesReceivable $-13.88M USD 1 Quarter
Income taxes receivable/payable IncreaseDecreaseInIncomeTaxesReceivable $-12.60M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $1.08M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $7.88M USD 1 Quarter
Accrued liabilities, insurance claims, and other liabilities IncreaseDecreaseInAccruedLiabilities $-13.89M USD 1 Quarter
Accrued liabilities, insurance claims, and other liabilities IncreaseDecreaseInAccruedLiabilities $-20.91M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-41.56M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-28.86M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $40.08M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $40.76M USD 1 Quarter
Proceeds from sale of assets ProceedsFromSaleOfProductiveAssets $1.33M USD 1 Quarter
Proceeds from sale of assets ProceedsFromSaleOfProductiveAssets $2.32M USD 1 Quarter
Changes in restricted cash IncreaseDecreaseInRestrictedCash $463.00K USD 1 Quarter
Changes in restricted cash IncreaseDecreaseInRestrictedCash $479.00K USD 1 Quarter
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $48.60M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-38.22M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-88.51M USD 1 Quarter
Proceeds from borrowings on senior credit agreement, including term loans ProceedsFromLongTermLinesOfCredit $317.00M USD 1 Quarter
Proceeds from borrowings on senior credit agreement, including term loans ProceedsFromLongTermLinesOfCredit $206.00M USD 1 Quarter
Principal payments on senior credit agreement, including term loans RepaymentsOfLongTermLinesOfCredit $138.00M USD 1 Quarter
Principal payments on senior credit agreement, including term loans RepaymentsOfLongTermLinesOfCredit $281.00M USD 1 Quarter
Proceeds from issuance of 0.75% convertible senior notes due 2021 ProceedsFromIssuanceOfSeniorSubordinatedDebt - USD 1 Quarter
Proceeds from issuance of 0.75% convertible senior notes due 2021 ProceedsFromIssuanceOfSeniorSubordinatedDebt $485.00M USD 1 Quarter
Proceeds from sale of warrants ProceedsFromIssuanceOfWarrants - USD 1 Quarter
Proceeds from sale of warrants ProceedsFromIssuanceOfWarrants $74.69M USD 1 Quarter
Purchase of convertible note hedges PaymentsForHedgeFinancingActivities - USD 1 Quarter
Purchase of convertible note hedges PaymentsForHedgeFinancingActivities $115.82M USD 1 Quarter
Principal payments for satisfaction and discharge of 7.125% senior subordinated notes RepaymentsOfLongTermDebt - USD 1 Quarter
Principal payments for satisfaction and discharge of 7.125% senior subordinated notes RepaymentsOfLongTermDebt $277.50M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $14.49M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $100.00M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $70.00M USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $202.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $139.00K USD 1 Quarter
Restricted stock tax withholdings PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.38M USD 1 Quarter
Restricted stock tax withholdings PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.17M USD 1 Quarter
Excess tax benefit from share-based awards ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.02M USD 1 Quarter
Excess tax benefit from share-based awards ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $879.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $67.70M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $117.88M USD 1 Quarter
Net (decrease) increase in cash and equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-12.08M USD 1 Quarter
Net (decrease) increase in cash and equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $508.00K USD 1 Quarter
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $21.80M USD Point-in-time
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $33.79M USD Point-in-time
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $21.29M USD Point-in-time
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $21.71M USD Point-in-time
CASH AND EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $21.80M USD Point-in-time
CASH AND EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $33.79M USD Point-in-time
CASH AND EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $21.29M USD Point-in-time
CASH AND EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $21.71M USD Point-in-time
Cash paid for interest InterestPaid $6.87M USD 1 Quarter
Cash paid for interest InterestPaid $4.92M USD 1 Quarter
Cash paid for taxes, net IncomeTaxesPaid $11.44M USD 1 Quarter
Cash paid for taxes, net IncomeTaxesPaid $15.38M USD 1 Quarter
Purchases of capital assets included in accounts payable or other accrued liabilities at period end CapitalExpendituresIncurredButNotYetPaid $6.87M USD 1 Quarter
Purchases of capital assets included in accounts payable or other accrued liabilities at period end CapitalExpendituresIncurredButNotYetPaid $7.80M USD 1 Quarter
Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction $993.00K USD 1 Quarter
Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction - USD 1 Quarter
Comprehensive Income 6 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $30.82M USD 1 Quarter
Net income NetIncomeLoss $51.05M USD 1 Quarter
Foreign currency translation losses, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-26.00K USD 1 Quarter
Foreign currency translation losses, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-40.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $30.78M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $51.02M USD 1 Quarter

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

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