10-Q Filing

IES HOLDINGS, INC. CIK: 1048268 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001193125-18-033325`
Period End Date	20171231
Filing Date	20180206
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	iesc-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 34 Cash Flow Statement 64

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Trade, allowance	`AllowanceForDoubtfulAccountsReceivable`	$650.00K	USD	Point-in-time
Trade, allowance	`AllowanceForDoubtfulAccountsReceivable`	$546.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.29M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.89M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade, net of allowance of $546 and $650, respectively	`AccountsReceivableNetCurrent`	$127.23M	USD	Point-in-time
Trade, net of allowance of $546 and $650, respectively	`AccountsReceivableNetCurrent`	$142.95M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Retainage	`ContractReceivableRetainage`	$21.36M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Retainage	`ContractReceivableRetainage`	$19.79M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$16.92M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$17.01M	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
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$13.91M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$13.44M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.79M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.75M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.34M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$220.58M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.34M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$231.75M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$24.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$24.64M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	710,784.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	712,554.00	shares	Point-in-time
Goodwill	`Goodwill`	$46.69M	USD	Point-in-time
Goodwill	`Goodwill`	$46.74M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$31.41M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$30.45M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$52.11M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$86.21M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.78M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$6.02M	USD	Point-in-time
Total assets	`Assets`	$380.67M	USD	Point-in-time
Total assets	`Assets`	$424.49M	USD	Point-in-time
Total assets	`Assets`	$391.99M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$108.25M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$120.71M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCost`	$29.92M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCost`	$27.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$135.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$150.63M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$29.43M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$29.45M	USD	Point-in-time
OTHER NON-CURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$4.46M	USD	Point-in-time
OTHER NON-CURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$4.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$184.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$169.83M	USD	Point-in-time
Noncontrolling interest	`MembersEquityAttributableToNoncontrollingInterest`	$3.27M	USD	Point-in-time
Noncontrolling interest	`MembersEquityAttributableToNoncontrollingInterest`	$3.33M	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000,000 shares authorized; 22,049,529 shares issued and 21,338,745 and 21,336,975 outstanding, respectively	`CommonStockValue`	$220.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000,000 shares authorized; 22,049,529 shares issued and 21,338,745 and 21,336,975 outstanding, respectively	`CommonStockValue`	$220.00K	USD	Point-in-time
Treasury stock, at cost, 710,784 and 712,554 shares, respectively	`TreasuryStockValue`	$6.88M	USD	Point-in-time
Treasury stock, at cost, 710,784 and 712,554 shares, respectively	`TreasuryStockValue`	$6.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$197.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$196.96M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$46.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$236.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$207.51M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$380.67M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$424.49M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$192.18M	USD	1 Quarter
Revenues	`Revenues`	$198.30M	USD	1 Quarter
Cost of services	`CostOfServices`	$157.00M	USD	1 Quarter
Cost of services	`CostOfServices`	$165.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$33.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$35.18M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$30.09M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$28.19M	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets`	$7.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets`	$14.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.99M	USD	1 Quarter
Interest expense	`InterestExpense`	$441.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$446.00K	USD	1 Quarter
Other (income) expense, net	`OtherOperatingIncomeExpenseNet`	$4.00K	USD	1 Quarter
Other (income) expense, net	`OtherOperatingIncomeExpenseNet`	$98.00K	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.55M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.65M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$32.16M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$2.63M	USD	1 Quarter
Net Income (loss)	`ProfitLoss`	$3.92M	USD	1 Quarter
Net Income (loss)	`ProfitLoss`	$-29.51M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$52.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$56.00K	USD	1 Quarter
Comprehensive income (loss) attributable to IES Holdings, Inc.	`NetIncomeLoss`	$3.87M	USD	1 Quarter
Comprehensive income (loss) attributable to IES Holdings, Inc.	`NetIncomeLoss`	$-29.57M	USD	1 Quarter
Earnings (loss) Per Share, Basic	`EarningsPerShareBasic`	$-1.39	USD	1 Quarter
Earnings (loss) Per Share, Basic	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Earnings (loss) Per Share, Diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Earnings (loss) Per Share, Diluted	`EarningsPerShareDiluted`	$-1.39	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.20M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.29M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.56M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.20M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net Income (loss)	`ProfitLoss`	$3.92M	USD	1 Quarter
Net Income (loss)	`ProfitLoss`	$-29.51M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-3.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-12.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$85.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$70.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.06M	USD	1 Quarter
Loss (gain) on sale of assets	`GainsLossesOnSalesOfAssets`	$14.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainsLossesOnSalesOfAssets`	$7.00K	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$32.16M	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$2.14M	USD	1 Quarter
Non-cash compensation expense	`RestrictedStockExpense`	$364.00K	USD	1 Quarter
Non-cash compensation expense	`RestrictedStockExpense`	$510.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.21M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.72M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$80.00K	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`	$474.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.04M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$389.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$69.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-323.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.73M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.99M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$758.00K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-2.51M	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$242.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-18.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.99M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.63M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.20M	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`	$17.00K	USD	1 Quarter
Consideration for acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Consideration for acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$175.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.36M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.79M	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfDebt`	$24.00K	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfDebt`	$13.00K	USD	1 Quarter
Repayments of debt	`RepaymentsOfDebt`	$37.00K	USD	1 Quarter
Repayments of debt	`RepaymentsOfDebt`	$61.00K	USD	1 Quarter
Stock Options Exercised	`ProceedsFromStockOptionsExercised`	$75.00K	USD	1 Quarter
Stock Options Exercised	`ProceedsFromStockOptionsExercised`	$11.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$14.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.60M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.39M	USD	1 Quarter
CASH, CASH EQUIVALENTS and RESTRICTED CASH, BEGINNING BALANCE	`Cashcashequivalentsrestrictedcashandrestrictedcashequivalents`	$33.22M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRICTED CASH, BEGINNING BALANCE	`Cashcashequivalentsrestrictedcashandrestrictedcashequivalents`	$31.89M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRICTED CASH, BEGINNING BALANCE	`Cashcashequivalentsrestrictedcashandrestrictedcashequivalents`	$28.29M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRICTED CASH, BEGINNING BALANCE	`Cashcashequivalentsrestrictedcashandrestrictedcashequivalents`	$25.84M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRICTED CASH, ENDING BALANCE	`Cashcashequivalentsrestrictedcashandrestrictedcashequivalents`	$33.22M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRICTED CASH, ENDING BALANCE	`Cashcashequivalentsrestrictedcashandrestrictedcashequivalents`	$31.89M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRICTED CASH, ENDING BALANCE	`Cashcashequivalentsrestrictedcashandrestrictedcashequivalents`	$28.29M	USD	Point-in-time
CASH, CASH EQUIVALENTS and RESTRICTED CASH, ENDING BALANCE	`Cashcashequivalentsrestrictedcashandrestrictedcashequivalents`	$25.84M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$392.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$388.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$709.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$15.00K	USD	1 Quarter

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