10-Q Filing

IES HOLDINGS, INC. CIK: 1048268 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-034644`
Period End Date	20161231
Filing Date	20170208
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	iesc-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 36 Cash Flow Statement 66

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Trade, allowance	`AllowanceForDoubtfulAccountsReceivable`	$736.00K	USD	Point-in-time
Trade, allowance	`AllowanceForDoubtfulAccountsReceivable`	$765.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.96M	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 and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.31M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalents`	$100.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalents`	$260.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Trade, net of allowance of $765 and $736, respectively	`AccountsReceivableNetCurrent`	$121.19M	USD	Point-in-time
Trade, net of allowance of $765 and $736, respectively	`AccountsReceivableNetCurrent`	$124.37M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Retainage	`ContractReceivableRetainage`	$20.14M	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
Retainage	`ContractReceivableRetainage`	$21.82M	USD	Point-in-time
Inventories	`InventoryNet`	$14.21M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.47M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.46M	shares	Point-in-time
Inventories	`InventoryNet`	$13.24M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	580,006.00	shares	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$15.55M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	592,990.00	shares	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$19.16M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.21M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$209.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$209.48M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$15.69M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$16.67M	USD	Point-in-time
GOODWILL	`Goodwill`	$39.94M	USD	Point-in-time
GOODWILL	`Goodwill`	$39.94M	USD	Point-in-time
INTANGIBLE ASSETS, net of amortization	`IntangibleAssetsNetExcludingGoodwill`	$31.72M	USD	Point-in-time
INTANGIBLE ASSETS, net of amortization	`IntangibleAssetsNetExcludingGoodwill`	$30.48M	USD	Point-in-time
Deferred Tax Assets, Net, Noncurrent	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$93.55M	USD	Point-in-time
Deferred Tax Assets, Net, Noncurrent	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$91.77M	USD	Point-in-time
OTHER NON-CURRENT ASSETS, net	`OtherAssetsNoncurrent`	$3.71M	USD	Point-in-time
OTHER NON-CURRENT ASSETS, net	`OtherAssetsNoncurrent`	$3.65M	USD	Point-in-time
Total assets	`Assets`	$394.34M	USD	Point-in-time
Total assets	`Assets`	$223.08M	USD	Point-in-time
Total assets	`Assets`	$391.99M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$108.82M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$100.83M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$24.99M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$24.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$133.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$125.82M	USD	Point-in-time
LONG-TERM DEBT, net of current maturities	`LongTermDebtNoncurrent`	$29.30M	USD	Point-in-time
LONG-TERM DEBT, net of current maturities	`LongTermDebtNoncurrent`	$29.26M	USD	Point-in-time
OTHER NON-CURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$6.83M	USD	Point-in-time
OTHER NON-CURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$6.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$161.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$169.14M	USD	Point-in-time
Noncontrolling interest	`MembersEquityAttributableToNoncontrollingInterest`	$1.85M	USD	Point-in-time
Noncontrolling interest	`MembersEquityAttributableToNoncontrollingInterest`	$1.79M	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000,000 shares authorized; 22,049,529 and 22,049,529 shares issued and 21,469,523 and 21,456,539 outstanding, respectively	`CommonStockValue`	$220.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000,000 shares authorized; 22,049,529 and 22,049,529 shares issued and 21,469,523 and 21,456,539 outstanding, respectively	`CommonStockValue`	$220.00K	USD	Point-in-time
Treasury stock, at cost, 580,006 and 592,990 shares, respectively	`TreasuryStockValue`	$4.68M	USD	Point-in-time
Treasury stock, at cost, 580,006 and 592,990 shares, respectively	`TreasuryStockValue`	$4.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$195.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$195.75M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$36.92M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$32.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$228.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$223.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$391.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$394.34M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$150.77M	USD	1 Quarter
Revenues	`Revenues`	$192.18M	USD	1 Quarter
Cost of services	`CostOfServices`	$157.00M	USD	1 Quarter
Cost of services	`CostOfServices`	$123.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$27.63M	USD	1 Quarter
Gross profit	`GrossProfit`	$35.18M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$22.51M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$28.19M	USD	1 Quarter
Contingent Consideration Expense	`BusinessCombinationIntegrationRelatedCosts`	-	USD	1 Quarter
Contingent Consideration Expense	`BusinessCombinationIntegrationRelatedCosts`	-	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets`	$7.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets`	$-1.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$5.12M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$446.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$293.00K	USD	1 Quarter
Other (income) expense, net	`OtherOperatingIncomeExpenseNet`	$4.00K	USD	1 Quarter
Other (income) expense, net	`OtherOperatingIncomeExpenseNet`	$29.00K	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.55M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.86M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$2.63M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-942.00K	USD	1 Quarter
Net Income	`ProfitLoss`	$3.92M	USD	1 Quarter
Net Income	`ProfitLoss`	$5.80M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$52.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income attirbutable to IES Holding, Inc.	`NetIncomeLoss`	$5.80M	USD	1 Quarter
Net income attirbutable to IES Holding, Inc.	`NetIncomeLoss`	$3.87M	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.27M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.29M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.56M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.35M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$3.92M	USD	1 Quarter
Net income	`ProfitLoss`	$5.80M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-12.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$114.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$90.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$85.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$816.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.06M	USD	1 Quarter
Loss (gain) on sale of assets	`GainsLossesOnSalesOfAssets`	$-1.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainsLossesOnSalesOfAssets`	$7.00K	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$2.14M	USD	1 Quarter
Non-cash compensation expense	`RestrictedStockExpense`	$510.00K	USD	1 Quarter
Non-cash compensation expense	`RestrictedStockExpense`	$215.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.85M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.21M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.15M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$978.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract`	$3.60M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract`	$-4.23M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.04M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.66M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-323.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$60.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.99M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.23M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.10M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$758.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-18.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.30M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.63M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$4.91M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$352.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.80M	USD	1 Quarter
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00K	USD	1 Quarter
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Consideration for acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Consideration for acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$7.54M	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.89M	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.79M	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfDebt`	$13.00K	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfDebt`	$7.00K	USD	1 Quarter
Repayments of debt	`RepaymentsOfDebt`	$37.00K	USD	1 Quarter
Repayments of debt	`RepaymentsOfDebt`	-	USD	1 Quarter
Stock Options Exercised	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Stock Options Exercised	`ProceedsFromStockOptionsExercised`	$75.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$14.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$72.00K	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-160.00K	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$197.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-65.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.23M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.05M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.96M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.73M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.96M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.73M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.31M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$201.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$388.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$263.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$709.00K	USD	1 Quarter

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