10-Q Filing

IES HOLDINGS, INC. CIK: 1048268 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001048268-20-000005`
Period End Date	20191231
Filing Date	20200204
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	q1202010-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 36 Cash Flow Statement 62 Stockholders Equity 21

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.18M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.93M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.25M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.30M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.58M	USD	Point-in-time
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.01M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$169.56M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$186.28M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Retainage	`ContractReceivableRetainage`	$29.21M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Retainage	`ContractReceivableRetainage`	$32.99M	USD	Point-in-time
Inventories	`InventoryNet`	$19.86M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$21.54M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$29.86M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$27.94M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.62M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.09M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$289.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$296.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$25.61M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	22.05M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	22.05M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$25.75M	USD	Point-in-time
Goodwill	`Goodwill`	$50.62M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	21.22M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	21.17M	shares	Point-in-time
Goodwill	`Goodwill`	$50.62M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$25.74M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	826,353.00	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	884,518.00	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$26.62M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNet`	$38.06M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNet`	$40.87M	USD	Point-in-time
Operating Lease, Right-of-Use Asset	`OperatingLeaseRightOfUseAsset`	$32.43M	USD	Point-in-time
Operating Lease, Right-of-Use Asset	`OperatingLeaseRightOfUseAsset`	$34.94M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.94M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.15M	USD	Point-in-time
Total assets	`Assets`	$469.87M	USD	Point-in-time
Total assets	`Assets`	$423.14M	USD	Point-in-time
Total assets	`Assets`	$445.26M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$140.38M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$152.91M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$40.56M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$45.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$193.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$185.93M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$319.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$299.00K	USD	Point-in-time
Long-term Debt and Lease Obligation	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Long-term Debt and Lease Obligation	`OperatingLeaseLiabilityNoncurrent`	$23.72M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.95M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$2.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$195.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$212.18M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$3.29M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$2.91M	USD	Point-in-time
Preferred stock, value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, value	`CommonStockValue`	$220.00K	USD	Point-in-time
Common stock, value	`CommonStockValue`	$220.00K	USD	Point-in-time
Treasury stock, value	`TreasuryStockValue`	$12.48M	USD	Point-in-time
Treasury stock, value	`TreasuryStockValue`	$12.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$192.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$192.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$65.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$74.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$225.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$246.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$254.78M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$220.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$469.87M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$445.26M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$276.04M	USD	1 Quarter
Revenues	`Revenues`	$243.84M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$225.83M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$202.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$50.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$41.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.87M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$32.09M	USD	1 Quarter
Contingent consideration	`BusinessCombinationIntegrationRelatedCosts`	-	USD	1 Quarter
Contingent consideration	`BusinessCombinationIntegrationRelatedCosts`	$34.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$36.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$3.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$9.48M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$12.38M	USD	1 Quarter
Interest expense	`InterestExpense`	$239.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$547.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-47.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-141.00K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.00M	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.89M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$3.47M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$1.91M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$6.98M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$8.53M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$28.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$99.00K	USD	1 Quarter
Comprehensive income attributable to IES Holdings, Inc.	`NetIncomeLoss`	$6.88M	USD	1 Quarter
Comprehensive income attributable to IES Holdings, Inc.	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.88M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.23M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.15M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.26M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$6.98M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$8.53M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$21.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$38.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$101.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$77.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.36M	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$36.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$3.00K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$49.00K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$931.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.91M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.81M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.70M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.75M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.68M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.92M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInContractWithCustomerAsset`	$-1.92M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInContractWithCustomerAsset`	$-7.01M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.01M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.29M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-74.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.45M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-22.77M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-3.55M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInContractWithCustomerLiability`	$1.48M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInContractWithCustomerLiability`	$4.99M	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-6.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-603.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.02M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.36M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$2.09M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$1.39M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$46.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$3.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.08M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.34M	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$104.19M	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$93.00K	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$104.19M	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$101.00K	USD	1 Quarter
Distribution to noncontrolling interests	`ProceedsFromPaymentsToMinorityShareholders`	$-457.00K	USD	1 Quarter
Distribution to noncontrolling interests	`ProceedsFromPaymentsToMinorityShareholders`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$2.21M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$858.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.22M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.31M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$8.36M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-5.67M	USD	1 Quarter
CASH, CASH EQUIVALENTS and RESTRiCTED CASH, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.93M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRiCTED CASH, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.25M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRiCTED CASH, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.30M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRiCTED CASH, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.58M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.93M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.25M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.30M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.58M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$524.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$273.00K	USD	1 Quarter
Cash paid for income taxes (net)	`IncomeTaxesPaidNet`	$-707.00K	USD	1 Quarter
Cash paid for income taxes (net)	`IncomeTaxesPaidNet`	$92.00K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$225.23M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$246.25M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$254.78M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$220.41M	USD	Point-in-time
Shares, Issued	`SharesIssued`	39,767.00	shares	Point-in-time
Shares, Issued	`SharesIssued`	264,815.00	shares	Point-in-time
Acquisition of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$858.00K	USD	1 Quarter
Acquisition of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$2.21M	USD	1 Quarter
Cumulative Effect of New Accounting Principle in Period of Adoption	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$102.00K	USD	Point-in-time
Non-cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$49.00K	USD	1 Quarter
Non-cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$931.00K	USD	1 Quarter
Noncontrolling Interest, Change in Redemption Value	`MinorityInterestChangeInRedemptionValue`	-	USD	1 Quarter
Noncontrolling Interest, Change in Redemption Value	`MinorityInterestChangeInRedemptionValue`	$45.00K	USD	1 Quarter
Net income (loss) attributable to IES Holdings, Inc.	`NetIncomeLoss`	$6.88M	USD	1 Quarter
Net income (loss) attributable to IES Holdings, Inc.	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$225.23M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$246.25M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$254.78M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$220.41M	USD	Point-in-time
Shares, Issued	`SharesIssued`	39,767.00	shares	Point-in-time
Shares, Issued	`SharesIssued`	264,815.00	shares	Point-in-time

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