10-Q Filing

INSTALLED BUILDING PRODUCTS, INC. CIK: 1580905 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-199045`
Period End Date	20140331
Filing Date	20140514
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	ibp-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 43 Cash Flow Statement 40 Stockholders Equity 10

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.09M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.74M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$4.07M	USD	Point-in-time
Preferred Stock, Authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Preferred Stock, Authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Cash	`Cash`	$5.15M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable (less allowance for doubtful accounts of $2,094 and $1,738 at March 31, 2014 and December 31, 2013, respectively)	`AccountsReceivableNetCurrent`	$58.35M	USD	Point-in-time
Accounts receivable (less allowance for doubtful accounts of $2,094 and $1,738 at March 31, 2014 and December 31, 2013, respectively)	`AccountsReceivableNetCurrent`	$57.97M	USD	Point-in-time
Preferred Stock, Outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Preferred Stock, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Redeemable Common Stock, Par value	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$0.01	USD	Point-in-time
Accounts receivable, related parties	`DueFromRelatedPartiesCurrent`	$475.00K	USD	Point-in-time
Redeemable Common Stock, Par value	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$0.01	USD	Point-in-time
Accounts receivable, related parties	`DueFromRelatedPartiesCurrent`	$461.00K	USD	Point-in-time
Redeemable Common Stock, Authorized	`TemporaryEquitySharesAuthorized`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$21.23M	USD	Point-in-time
Inventories	`InventoryNet`	$19.73M	USD	Point-in-time
Redeemable Common Stock, Authorized	`TemporaryEquitySharesAuthorized`	5.85M	shares	Point-in-time
Redeemable Common Stock, Issued	`TemporaryEquitySharesIssued`	5.85M	shares	Point-in-time
Redeemable Common Stock, Issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$174.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$41.00K	USD	Point-in-time
Redeemable Common Stock, Outstanding	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$5.16M	USD	Point-in-time
Redeemable Common Stock, Outstanding	`TemporaryEquitySharesOutstanding`	5.85M	shares	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.99M	USD	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$95.51M	USD	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	27.20M	shares	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$91.27M	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	16.18M	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	30.60M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$32.70M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$29.48M	USD	Point-in-time
Common Stock, Outstanding	`CommonStockSharesOutstanding`	16.18M	shares	Point-in-time
Common Stock, Outstanding	`CommonStockSharesOutstanding`	30.60M	shares	Point-in-time
Goodwill	`Goodwill`	$50.55M	USD	Point-in-time
Goodwill	`Goodwill`	$49.33M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$13.55M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$13.40M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.35M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.90M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$68.00M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$66.08M	USD	Point-in-time
Total assets	`Assets`	$191.07M	USD	Point-in-time
Total assets	`Assets`	$191.97M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$268.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$255.00K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$7.66M	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$8.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.11M	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$1.08M	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$539.00K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$7.81M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$8.94M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.47M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$67.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.44M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$19.11M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$27.77M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$16.11M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$14.37M	USD	Point-in-time
Put option-Redeemable Preferred Stock	`PreferredStockSubjectToPutOption`	$490.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.97M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.57M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.01M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$122.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$125.65M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable Preferred Stock; $0.01 par value: 0 and 1,000 authorized, issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`PreferredStockLiquidationPreferenceValue`	$55.84M	USD	Point-in-time
Redeemable Common Stock; $0.01 par value: 0 and 5,850,000 authorized, issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`TemporaryEquityRedemptionValue`	$81.01M	USD	Point-in-time
Common Stock; $0.01 par value: 100,000,000 and 27,200,862 authorized, 30,601,401 and 16,183,901 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$162.00K	USD	Point-in-time
Common Stock; $0.01 par value: 100,000,000 and 27,200,862 authorized, 30,601,401 and 16,183,901 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$306.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$139.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-71.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-71.22M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$69.05M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-71.43M	USD	Point-in-time
Total liabilities, redeemable instruments and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$191.97M	USD	Point-in-time
Total liabilities, redeemable instruments and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$191.07M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$105.95M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$91.96M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$69.69M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$79.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.27M	USD	1 Quarter
Gross profit	`GrossProfit`	$26.41M	USD	1 Quarter
Selling	`SellingExpense`	$6.47M	USD	1 Quarter
Selling	`SellingExpense`	$5.75M	USD	1 Quarter
Administrative	`GeneralAndAdministrativeExpense`	$18.36M	USD	1 Quarter
Administrative	`GeneralAndAdministrativeExpense`	$15.45M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$791.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$697.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$877.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$285.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$462.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$588.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$462.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-71.00K	USD	1 Quarter
Non-operating income (expense)	`NonoperatingIncomeExpense`	$-533.00K	USD	1 Quarter
Non-operating income (expense)	`NonoperatingIncomeExpense`	$-126.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-248.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$751.00K	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-5.00K	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$350.00K	USD	1 Quarter
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$401.00K	USD	1 Quarter
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-243.00K	USD	1 Quarter
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-45.00K	USD	1 Quarter
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-287.00K	USD	1 Quarter
Income tax provision	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-17.00K	USD	1 Quarter
Loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-287.00K	USD	1 Quarter
Loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-28.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-530.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$373.00K	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.52M	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.02M	USD	1 Quarter
Weighted average shares outstanding (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.03M	shares	1 Quarter
Weighted average shares outstanding (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.84M	shares	1 Quarter
Loss per share from continuing operations attributable to common stockholders (basic and diluted)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.75	USD	1 Quarter
Loss per share from continuing operations attributable to common stockholders (basic and diluted)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.08	USD	1 Quarter
Loss per share from discontinued operations attributable to common stockholders (basic and diluted)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Loss per share from discontinued operations attributable to common stockholders (basic and diluted)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Loss per share attributable to common stockholders (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
Loss per share attributable to common stockholders (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.76	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.55M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.03M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-95.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$749.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$635.00K	USD	1 Quarter
Acquisitions of businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$687.00K	USD	1 Quarter
Acquisitions of businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.01M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$160.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$112.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.11M	USD	1 Quarter
Proceeds from issuance of common stock, net of costs	`ProceedsFromIssuanceOfCommonStock`	$87.64M	USD	1 Quarter
Redemption of Redeemable Preferred Stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$75.73M	USD	1 Quarter
(Payments) proceeds from revolving line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-8.71M	USD	1 Quarter
(Payments) proceeds from revolving line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$9.96M	USD	1 Quarter
Principal payments on long term debt	`RepaymentsOfLongTermDebt`	$296.00K	USD	1 Quarter
Principal payments on long term debt	`RepaymentsOfLongTermDebt`	$46.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.14M	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$2.12M	USD	1 Quarter
Payments for deferred offering costs	`PaymentsOfStockIssuanceCosts`	$2.13M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.35M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$8.78M	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.08M	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-892.00K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.07M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.15M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.01M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.07M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.15M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.01M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
Interest	`InterestPaidNet`	$199.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$313.00K	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$467.00K	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$4.16M	USD	1 Quarter
Vehicles capitalized under capital leases and related lease obligations	`CapitalLeaseObligationsIncurred`	$4.63M	USD	1 Quarter
Vehicles capitalized under capital leases and related lease obligations	`CapitalLeaseObligationsIncurred`	$2.99M	USD	1 Quarter
Note payable issued in connection with acquisition of business	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	$300.00K	USD	1 Quarter
Unpaid offering costs	`UnpaidOfferingCosts`	$2.08M	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
BALANCE	`StockholdersEquity`	$69.05M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$-71.43M	USD	Point-in-time
BALANCE, Shares	`CommonStockSharesOutstanding`	16.18M	shares	Point-in-time
BALANCE, Shares	`CommonStockSharesOutstanding`	30.60M	shares	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-530.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$373.00K	USD	1 Quarter
BALANCE	`StockholdersEquity`	$69.05M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$-71.43M	USD	Point-in-time
BALANCE, Shares	`CommonStockSharesOutstanding`	16.18M	shares	Point-in-time
BALANCE, Shares	`CommonStockSharesOutstanding`	30.60M	shares	Point-in-time

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