10-Q Filing

DYCOM INDUSTRIES INC CIK: 67215 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000067215-18-000025`
Period End Date	20180430
Filing Date	20180524
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	dy-20180428.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 34 Cash Flow Statement 74 Comprehensive Income 6

Balance Sheet 82 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
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.95M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.03M	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`	$318.68M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$644.98M	USD	Point-in-time
Contract assets	`ContractwithCustomerAssetGross`	$369.47M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.33	USD	Point-in-time
Contract assets	`ContractwithCustomerAssetGross`	$101.16M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.33	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
Inventories	`InventoryNet`	$79.04M	USD	Point-in-time
Inventories	`InventoryNet`	$84.26M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	31.19M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	31.19M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$15.57M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$13.85M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.19M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$39.71M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$32.16M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.19M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$936.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$904.79M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$416.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$414.77M	USD	Point-in-time
Goodwill	`Goodwill`	$321.74M	USD	Point-in-time
Goodwill	`Goodwill`	$325.84M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$171.47M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$178.07M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$26.75M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$28.19M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$936.17M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$946.93M	USD	Point-in-time
Total assets	`Assets`	$1.88B	USD	Point-in-time
Total assets	`Assets`	$1.84B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$112.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$92.36M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$28.88M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$26.47M	USD	Point-in-time
Contract liabilities	`ContractwithCustomerLiability`	$5.73M	USD	Point-in-time
Contract liabilities	`ContractwithCustomerLiability`	$6.48M	USD	Point-in-time
Accrued insurance claims	`AccruedInsuranceCurrent`	$53.89M	USD	Point-in-time
Accrued insurance claims	`AccruedInsuranceCurrent`	$40.18M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$755.00K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$1.90M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$79.66M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$86.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$259.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$275.86M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$733.84M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$731.74M	USD	Point-in-time
Accrued insurance claims	`AccruedInsuranceNoncurrent`	$59.87M	USD	Point-in-time
Accrued insurance claims	`AccruedInsuranceNoncurrent`	$59.38M	USD	Point-in-time
Deferred tax liabilities, net non-current	`DeferredTaxLiabilitiesNoncurrent`	$57.43M	USD	Point-in-time
Deferred tax liabilities, net non-current	`DeferredTaxLiabilitiesNoncurrent`	$62.82M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$5.69M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$5.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.12B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.14B	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES, Note 19	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES, Note 19	`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: 31,193,069 and 31,185,669 issued and outstanding, respectively	`CommonStockValue`	$10.39M	USD	Point-in-time
Common stock, par value $0.33 1/3 per share: 150,000,000 shares authorized: 31,193,069 and 31,185,669 issued and outstanding, respectively	`CommonStockValue`	$10.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$11.01M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.15M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$726.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$709.58M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$725.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$746.98M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.84B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.88B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Stock-based compensation	`ShareBasedCompensation`	$4.86M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.92M	USD	1 Quarter
Contract revenues	`SalesRevenueServicesNet`	$786.34M	USD	1 Quarter
Contract revenues	`SalesRevenueServicesNet`	$731.38M	USD	1 Quarter
Costs of earned revenues, excluding depreciation and amortization	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$621.48M	USD	1 Quarter
Costs of earned revenues, excluding depreciation and amortization	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$599.57M	USD	1 Quarter
General and administrative (including stock-based compensation expense of $4.9 million and $4.9 million, respectively)	`GeneralAndAdministrativeExpense`	$61.32M	USD	1 Quarter
General and administrative (including stock-based compensation expense of $4.9 million and $4.9 million, respectively)	`GeneralAndAdministrativeExpense`	$62.28M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$37.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.35M	USD	1 Quarter
Total	`CostsAndExpenses`	$705.21M	USD	1 Quarter
Total	`CostsAndExpenses`	$720.20M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-10.17M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-9.38M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$4.79M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$7.71M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$61.55M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.71M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$25.52M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$1.09M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$5.38M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-2.77M	USD	1 Quarter
Total provision for income taxes	`IncomeTaxExpenseBenefit`	$22.75M	USD	1 Quarter
Total provision for income taxes	`IncomeTaxExpenseBenefit`	$6.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.23M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.80M	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$1.24	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$1.22	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.36M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.19M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.41M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.91M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.23M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$37.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.35M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$5.38M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-2.77M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.86M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.92M	USD	1 Quarter
Bad debt (recovery) expense, net	`ProvisionForDoubtfulAccounts`	$98.00K	USD	1 Quarter
Bad debt (recovery) expense, net	`ProvisionForDoubtfulAccounts`	$-24.00K	USD	1 Quarter
Gain on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$5.05M	USD	1 Quarter
Gain on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$8.41M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$4.42M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$4.67M	USD	1 Quarter
Amortization of debt issuance costs and other	`AmortizationOfFinancingCosts`	$835.00K	USD	1 Quarter
Amortization of debt issuance costs and other	`AmortizationOfFinancingCosts`	$887.00K	USD	1 Quarter
Excess tax benefit from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Excess tax benefit from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.27M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$31.16M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$8.55M	USD	1 Quarter
Contract assets, net	`IncreaseDecreaseInContractReceivablesNet`	$44.13M	USD	1 Quarter
Contract assets, net	`IncreaseDecreaseInContractReceivablesNet`	$44.64M	USD	1 Quarter
Other current assets and inventory	`IncreaseDecreaseInOtherCurrentAssetsAndInventory`	$5.68M	USD	1 Quarter
Other current assets and inventory	`IncreaseDecreaseInOtherCurrentAssetsAndInventory`	$10.53M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-330.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$212.00K	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-20.64M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$568.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.17M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.34M	USD	1 Quarter
Accrued liabilities, insurance claims, and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$7.45M	USD	1 Quarter
Accrued liabilities, insurance claims, and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$12.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$24.58M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$42.32M	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$26.43M	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$20.92M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.50M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$58.31M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$8.01M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$5.75M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.58M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-628.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-78.36M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.83M	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`	$208.00M	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`	$146.19M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$37.91M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$67.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$946.00K	USD	1 Quarter
Restricted stock tax withholdings	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$87.00K	USD	1 Quarter
Restricted stock tax withholdings	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$221.00K	USD	1 Quarter
Excess tax benefit from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Excess tax benefit from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.27M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.83M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.90M	USD	1 Quarter
Net decrease in cash and equivalents and restricted cash	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-10.13M	USD	1 Quarter
Net decrease in cash and equivalents and restricted cash	`CashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-26.08M	USD	1 Quarter
CASH AND EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$90.18M	USD	Point-in-time
CASH AND EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.77M	USD	Point-in-time
CASH AND EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$34.90M	USD	Point-in-time
CASH AND EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.10M	USD	Point-in-time
CASH AND EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$90.18M	USD	Point-in-time
CASH AND EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.77M	USD	Point-in-time
CASH AND EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$34.90M	USD	Point-in-time
CASH AND EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.10M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$4.91M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$5.42M	USD	1 Quarter
Cash paid for taxes, net	`IncomeTaxesPaid`	$2.32M	USD	1 Quarter
Cash paid for taxes, net	`IncomeTaxesPaid`	$4.96M	USD	1 Quarter
Purchases of capital assets included in accounts payable or other accrued liabilities at period end	`CapitalExpendituresIncurredButNotYetPaid`	$9.58M	USD	1 Quarter
Purchases of capital assets included in accounts payable or other accrued liabilities at period end	`CapitalExpendituresIncurredButNotYetPaid`	$6.77M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.23M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.80M	USD	1 Quarter
Foreign currency translation losses, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-165.00K	USD	1 Quarter
Foreign currency translation losses, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-88.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$38.63M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.14M	USD	1 Quarter

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