10-Q Filing

ICF International, Inc. CIK: 1362004 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-009575`
Period End Date	20150331
Filing Date	20150508
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	icfi-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 36 Cash Flow Statement 60

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$58.36M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$61.98M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.03M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.12M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$20.20M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.95M	USD	Point-in-time
Contract receivables, net	`AccountsReceivableNetCurrent`	$276.40M	USD	Point-in-time
Contract receivables, net	`AccountsReceivableNetCurrent`	$260.25M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$10.34M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$11.57M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$5.71M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$826.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$288.43M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$295.82M	USD	Point-in-time
Total property and equipment, net of accumulated depreciation of $61,983 and $58,357, as of March 31, 2015 and December 31, 2014, respectively	`PropertyPlantAndEquipmentNet`	$43.24M	USD	Point-in-time
Total property and equipment, net of accumulated depreciation of $61,983 and $58,357, as of March 31, 2015 and December 31, 2014, respectively	`PropertyPlantAndEquipmentNet`	$40.52M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	21.21M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	21.04M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.43M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.52M	shares	Point-in-time
Goodwill	`Goodwill`	$692.45M	USD	Point-in-time
Goodwill	`Goodwill`	$687.78M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$76.71M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$72.39M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.48M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.45M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.71M	USD	Point-in-time
Total Assets	`Assets`	$1.11B	USD	Point-in-time
Total Assets	`Assets`	$1.12B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$65.75M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$56.31M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$40.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$42.31M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$38.05M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$36.67M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$31.55M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$7.59M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$7.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$203.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$177.02M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$350.05M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$377.30M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$21.12M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$20.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$24.49M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$27.89M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$8.47M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$9.03M	USD	Point-in-time
Total Liabilities	`Liabilities`	$609.65M	USD	Point-in-time
Total Liabilities	`Liabilities`	$608.95M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $.001 per share; 5,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.001 per share; 5,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.001 per share; 70,000,000 shares authorized; 21,213,939 and 21,035,654 issued; and 19,522,388 and 19,430,154 outstanding as of March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Common stock, par value $.001 per share; 70,000,000 shares authorized; 21,213,939 and 21,035,654 issued; and 19,522,388 and 19,430,154 outstanding as of March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$267.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$271.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$293.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$285.94M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$53.62M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$49.99M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.48M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.57M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$506.99M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$500.69M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.12B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.11B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Gross Revenue	`Revenues`	$273.53M	USD	1 Quarter
Gross Revenue	`Revenues`	$245.05M	USD	1 Quarter
Direct Costs	`CostOfGoodsAndServicesSold`	$153.73M	USD	1 Quarter
Direct Costs	`CostOfGoodsAndServicesSold`	$164.57M	USD	1 Quarter
Indirect and selling expenses	`SellingGeneralAndAdministrativeExpense`	$84.83M	USD	1 Quarter
Indirect and selling expenses	`SellingGeneralAndAdministrativeExpense`	$69.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.85M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.96M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.32M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$93.00M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$74.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.65M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.96M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.56M	USD	1 Quarter
Interest expense	`InterestExpense`	$714.00K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-35.00K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-231.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.17M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.27M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.72M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.80M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.45M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.84M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.28M	shares	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-2.09M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-347.00K	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$5.81M	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$9.37M	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.72M	USD	1 Quarter
Non-cash equity compensation	`ShareBasedCompensation`	$3.93M	USD	1 Quarter
Non-cash equity compensation	`ShareBasedCompensation`	$2.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.16M	USD	1 Quarter
Other adjustments, net	`OtherNoncashIncomeExpense`	$1.20M	USD	1 Quarter
Other adjustments, net	`OtherNoncashIncomeExpense`	$1.10M	USD	1 Quarter
Contract receivables, net	`IncreaseDecreaseInReceivables`	$20.76M	USD	1 Quarter
Contract receivables, net	`IncreaseDecreaseInReceivables`	$24.25M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.23M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.82M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.34M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$616.00K	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-12.96M	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-16.33M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.22M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$5.90M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$7.86M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$456.00K	USD	1 Quarter
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$3.27M	USD	1 Quarter
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$4.91M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.42M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$615.00K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.03M	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.34M	USD	1 Quarter
Capital expenditures for property and equipment and capitalized software	`PaymentsToAcquireProductiveAssets`	$3.31M	USD	1 Quarter
Capital expenditures for property and equipment and capitalized software	`PaymentsToAcquireProductiveAssets`	$5.66M	USD	1 Quarter
Payments for business acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$57.72M	USD	1 Quarter
Payments for business acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.82M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.37M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.13M	USD	1 Quarter
Advances from working capital facilities	`ProceedsFromBankDebt`	$122.97M	USD	1 Quarter
Advances from working capital facilities	`ProceedsFromBankDebt`	$168.52M	USD	1 Quarter
Payments on working capital facilities	`RepaymentsOfLongTermDebt`	$95.72M	USD	1 Quarter
Payments on working capital facilities	`RepaymentsOfLongTermDebt`	$81.31M	USD	1 Quarter
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	$1.18M	USD	1 Quarter
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	$445.00K	USD	1 Quarter
Tax benefits of stock option exercises and award vesting	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$826.00K	USD	1 Quarter
Tax benefits of stock option exercises and award vesting	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.44M	USD	1 Quarter
Net payments for stockholder issuances and buybacks	`ProceedsFromRepurchaseOfEquity`	$-3.67M	USD	1 Quarter
Net payments for stockholder issuances and buybacks	`ProceedsFromRepurchaseOfEquity`	$-3.82M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$24.85M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$87.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.48M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-347.00K	USD	1 Quarter
(Decrease) increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.10M	USD	1 Quarter
(Decrease) increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.25M	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.03M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.12M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.20M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.95M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.03M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.12M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.20M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.95M	USD	Point-in-time
Interest	`InterestPaid`	$550.00K	USD	1 Quarter
Interest	`InterestPaid`	$2.82M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$1.79M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$582.00K	USD	1 Quarter

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