10-Q Filing

DYCOM INDUSTRIES INC CIK: 67215 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000067215-17-000049`
Period End Date	20171031
Filing Date	20171122
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	dy-20171028.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 34 Cash Flow Statement 73 Comprehensive Income 6

Balance Sheet 86 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
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.61M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.79M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.71M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.53M	USD	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$369.80M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$347.73M	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`	$389.29M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsAndEstimatedEarningsInExcessOfBillings`	$406.52M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Inventories	`InventoryNet`	$83.88M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Inventories	`InventoryNet`	$83.20M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	$26.52M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	30.94M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	31.09M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.01M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$7.49M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.09M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.94M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$29.71M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$23.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$938.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$893.37M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$422.11M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$423.33M	USD	Point-in-time
Goodwill	`Goodwill`	$321.78M	USD	Point-in-time
Goodwill	`Goodwill`	$321.75M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$177.29M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$183.56M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$36.75M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$33.37M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$960.79M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$959.15M	USD	Point-in-time
Total assets	`Assets`	$1.90B	USD	Point-in-time
Total assets	`Assets`	$1.85B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$109.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$132.97M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$21.66M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$24.06M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostsAndEstimatedEarnings`	$6.60M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostsAndEstimatedEarnings`	$9.28M	USD	Point-in-time
Accrued insurance claims	`AccruedInsuranceClaimsCurrent`	$39.91M	USD	Point-in-time
Accrued insurance claims	`AccruedInsuranceClaimsCurrent`	$48.42M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$1.11M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$10.07M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$113.60M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$84.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$283.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$318.54M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$736.01M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$738.26M	USD	Point-in-time
Accrued insurance claims	`AccruedInsuranceClaimsNoncurrent`	$60.78M	USD	Point-in-time
Accrued insurance claims	`AccruedInsuranceClaimsNoncurrent`	$62.01M	USD	Point-in-time
Deferred tax liabilities, net non-current	`DeferredTaxLiabilitiesNoncurrent`	$103.63M	USD	Point-in-time
Deferred tax liabilities, net non-current	`DeferredTaxLiabilitiesNoncurrent`	$77.62M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$5.35M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$5.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.16B	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES, Note 17	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES, Note 17	`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: 30,938,031 and 31,087,285 issued and outstanding, respectively	`CommonStockValue`	$10.36M	USD	Point-in-time
Common stock, par value $0.33 1/3 per share: 150,000,000 shares authorized: 30,938,031 and 31,087,285 issued and outstanding, respectively	`CommonStockValue`	$10.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.38M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.25M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$674.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$652.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$689.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$671.58M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.85B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.90B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Stock-based compensation	`ShareBasedCompensation`	$5.71M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$7.38M	USD	1 Quarter
Contract revenues	`SalesRevenueServicesNet`	$799.22M	USD	1 Quarter
Contract revenues	`SalesRevenueServicesNet`	$756.22M	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`	$600.85M	USD	1 Quarter
General and administrative (including stock-based compensation expense of $7.4 million and $5.7 million, respectively)	`GeneralAndAdministrativeExpense`	$60.20M	USD	1 Quarter
General and administrative (including stock-based compensation expense of $7.4 million and $5.7 million, respectively)	`GeneralAndAdministrativeExpense`	$64.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.65M	USD	1 Quarter
Total	`CostsAndExpenses`	$708.06M	USD	1 Quarter
Total	`CostsAndExpenses`	$709.74M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-9.07M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-9.71M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$940.00K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$5.93M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.38M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$81.36M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$15.09M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$28.69M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$518.00K	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$1.61M	USD	1 Quarter
Total provision for income taxes	`IncomeTaxExpenseBenefit`	$15.60M	USD	1 Quarter
Total provision for income taxes	`IncomeTaxExpenseBenefit`	$30.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.05M	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.93	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`	$0.90	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$1.59	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.06M	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`	31.89M	shares	1 Quarter

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$28.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.05M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.65M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$518.00K	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$1.61M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.71M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$7.38M	USD	1 Quarter
Bad debt expense, net	`ProvisionForDoubtfulAccounts`	$82.00K	USD	1 Quarter
Bad debt expense, net	`ProvisionForDoubtfulAccounts`	$205.00K	USD	1 Quarter
Gain on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.44M	USD	1 Quarter
Gain on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$6.50M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$4.55M	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`	$859.00K	USD	1 Quarter
Excess tax benefit from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$879.00K	USD	1 Quarter
Excess tax benefit from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-21.87M	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`	$19.94M	USD	1 Quarter
Other current assets and inventory	`IncreaseDecreaseInOtherCurrentAssetsAndInventory`	$13.63M	USD	1 Quarter
Other current assets and inventory	`IncreaseDecreaseInOtherCurrentAssetsAndInventory`	$7.73M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-132.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.01M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-13.88M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-15.44M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.34M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.08M	USD	1 Quarter
Accrued liabilities, insurance claims, and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-20.91M	USD	1 Quarter
Accrued liabilities, insurance claims, and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-26.92M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-41.56M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$56.83M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.08M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.02M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$8.84M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$2.32M	USD	1 Quarter
Changes in restricted cash and other	`IncreaseDecreaseInRestrictedCash`	$900.00K	USD	1 Quarter
Changes in restricted cash and other	`IncreaseDecreaseInRestrictedCash`	$463.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.22M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-48.09M	USD	1 Quarter
Proceeds from borrowings on senior credit agreement, including term loans	`ProceedsFromLongTermLinesOfCredit`	-	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`	$4.81M	USD	1 Quarter
Principal payments on senior credit agreement, including term loans	`RepaymentsOfLongTermLinesOfCredit`	$138.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$16.88M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$62.91M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$204.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$202.00K	USD	1 Quarter
Restricted stock tax withholdings	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.38M	USD	1 Quarter
Restricted stock tax withholdings	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.33M	USD	1 Quarter
Excess tax benefit from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$879.00K	USD	1 Quarter
Excess tax benefit from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Net decrease in cash and equivalents	`NetCashProvidedByUsedInFinancingActivities`	$-22.82M	USD	1 Quarter
Net decrease in cash and equivalents	`NetCashProvidedByUsedInFinancingActivities`	$67.70M	USD	1 Quarter
Net decrease in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.08M	USD	1 Quarter
Net decrease in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.08M	USD	1 Quarter
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$38.61M	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`	$21.71M	USD	Point-in-time
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$24.53M	USD	Point-in-time
CASH AND EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$38.61M	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`	$21.71M	USD	Point-in-time
CASH AND EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$24.53M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$4.92M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$5.25M	USD	1 Quarter
Cash paid for taxes, net	`IncomeTaxesPaid`	$554.00K	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`	$4.08M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$28.78M	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`	$-94.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$51.02M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$28.68M	USD	1 Quarter

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