10-Q Filing

ICF International, Inc. CIK: 1362004 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-031114`
Period End Date	20160331
Filing Date	20160506
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	icfi-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 36 Cash Flow Statement 64

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$75.37M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$71.20M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.75M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Contract receivables, net	`AccountsReceivableNetCurrent`	$256.96M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Contract receivables, net	`AccountsReceivableNetCurrent`	$276.41M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$10.03M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$15.20M	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
Total current assets	`AssetsCurrent`	$274.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$300.98M	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
Total property and equipment, net of accumulated depreciation of $75,366 and $71,203 as of March 31, 2016 and December 31, 2015, respectively	`PropertyPlantAndEquipmentNet`	$45.42M	USD	Point-in-time
Total property and equipment, net of accumulated depreciation of $75,366 and $71,203 as of March 31, 2016 and December 31, 2015, respectively	`PropertyPlantAndEquipmentNet`	$44.27M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	21.50M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	21.31M	shares	Point-in-time
Goodwill	`Goodwill`	$687.40M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.03M	shares	Point-in-time
Goodwill	`Goodwill`	$687.33M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.02M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$58.90M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$55.65M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.36M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.37M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.57M	USD	Point-in-time
Total Assets	`Assets`	$1.08B	USD	Point-in-time
Total Assets	`Assets`	$1.10B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$63.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.64M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$48.36M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$43.12M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$43.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$39.19M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$29.74M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$30.52M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$2.60M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$6.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$173.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$182.98M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$337.93M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$311.53M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$15.79M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$15.76M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$33.33M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$35.26M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$13.39M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$11.79M	USD	Point-in-time
Total Liabilities	`Liabilities`	$557.01M	USD	Point-in-time
Total Liabilities	`Liabilities`	$573.94M	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; 21,499,611 and 21,313,472 issued; and 19,024,190 and 19,032,054 outstanding as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Common stock, par value $.001 per share; 70,000,000 shares authorized; 21,499,611 and 21,313,472 issued; and 19,024,190 and 19,032,054 outstanding as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$282.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$280.11M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$334.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$325.31M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$74.67M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$81.22M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.49M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.41M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$523.28M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$528.23M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.10B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.08B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$283.60M	USD	1 Quarter
Revenue	`Revenues`	$273.53M	USD	1 Quarter
Direct Costs	`CostOfGoodsAndServicesSold`	$177.20M	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`	$81.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.02M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.13M	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`	$88.71M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.96M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.69M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.44M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.56M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$275.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-231.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.52M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.17M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.84M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.69M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.51	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`	$0.50	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.99M	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`	19.29M	shares	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-2.09M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-917.00K	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$8.77M	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$5.81M	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.69M	USD	1 Quarter
Non-cash equity compensation	`ShareBasedCompensation`	$2.64M	USD	1 Quarter
Non-cash equity compensation	`ShareBasedCompensation`	$2.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.15M	USD	1 Quarter
Other adjustments, net	`OtherNoncashIncomeExpense`	$1.20M	USD	1 Quarter
Other adjustments, net	`OtherNoncashIncomeExpense`	$-1.15M	USD	1 Quarter
Contract receivables, net	`IncreaseDecreaseInReceivables`	$19.46M	USD	1 Quarter
Contract receivables, net	`IncreaseDecreaseInReceivables`	$20.76M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.81M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.82M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.44M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.34M	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$5.15M	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-16.33M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.85M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-5.22M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$7.86M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-812.00K	USD	1 Quarter
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$3.65M	USD	1 Quarter
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$4.91M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$12.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-33.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-622.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$582.00K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.34M	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.58M	USD	1 Quarter
Capital expenditures for property and equipment and capitalized software	`PaymentsToAcquireProductiveAssets`	$2.72M	USD	1 Quarter
Capital expenditures for property and equipment and capitalized software	`PaymentsToAcquireProductiveAssets`	$4.18M	USD	1 Quarter
Payments for business acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payments for business acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.82M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.18M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.54M	USD	1 Quarter
Advances from working capital facilities	`ProceedsFromBankDebt`	$123.28M	USD	1 Quarter
Advances from working capital facilities	`ProceedsFromBankDebt`	$122.97M	USD	1 Quarter
Payments on working capital facilities	`RepaymentsOfLongTermDebt`	$96.88M	USD	1 Quarter
Payments on working capital facilities	`RepaymentsOfLongTermDebt`	$95.72M	USD	1 Quarter
Payments on capital expenditure obligations	`RepaymentOfCapitalExpenditureObligations`	$585.00K	USD	1 Quarter
Payments on capital expenditure obligations	`RepaymentOfCapitalExpenditureObligations`	$1.01M	USD	1 Quarter
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	$445.00K	USD	1 Quarter
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Tax benefits of stock option exercises and award vesting	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$204.00K	USD	1 Quarter
Tax benefits of stock option exercises and award vesting	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$826.00K	USD	1 Quarter
Net payments for stockholder issuances and buybacks	`ProceedsFromRepurchaseOfEquity`	$-3.67M	USD	1 Quarter
Net payments for stockholder issuances and buybacks	`ProceedsFromRepurchaseOfEquity`	$-6.66M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$24.27M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$18.93M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$449.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.48M	USD	1 Quarter
Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.61M	USD	1 Quarter
Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.10M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$9.36M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.12M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.03M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.75M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$9.36M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.12M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.03M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.75M	USD	Point-in-time
Interest	`InterestPaid`	$1.49M	USD	1 Quarter
Interest	`InterestPaid`	$2.82M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$1.79M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$587.00K	USD	1 Quarter

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