10-Q Filing

ICF International, Inc. CIK: 1362004 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-007993`
Period End Date	20170331
Filing Date	20170504
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	icfi-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 36 Cash Flow Statement 62

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.21M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.36M	USD	Point-in-time
Contract receivables, net	`AccountsReceivableNetCurrent`	$281.37M	USD	Point-in-time
Contract receivables, net	`AccountsReceivableNetCurrent`	$278.80M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$11.72M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$13.29M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$299.13M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	21.91M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	21.66M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$301.66M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.72M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.48M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	19.02M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	18.84M	shares	Point-in-time
Goodwill	`Goodwill`	$684.00M	USD	Point-in-time
Goodwill	`Goodwill`	$683.68M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$46.13M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$43.41M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.84M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.25M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.88M	USD	Point-in-time
Total Assets	`Assets`	$1.08B	USD	Point-in-time
Total Assets	`Assets`	$1.09B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$70.59M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$44.00M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$50.09M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$45.92M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$52.63M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$27.28M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$29.39M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$106.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$196.72M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$177.42M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$275.84M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$259.39M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$15.04M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$15.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$39.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$43.84M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$9.52M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$8.74M	USD	Point-in-time
Total Liabilities	`Liabilities`	$519.57M	USD	Point-in-time
Total Liabilities	`Liabilities`	$521.66M	USD	Point-in-time
Commitments and Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 8)	`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, $.001 par value; 70,000,000 shares authorized; 21,906,617 and 21,663,432 shares issued; and 18,837,025 and 19,021,262 shares outstanding as of March 31, 2017, and December 31, 2016, respectively	`CommonStockValue`	$22.00K	USD	Point-in-time
Common stock, $.001 par value; 70,000,000 shares authorized; 21,906,617 and 21,663,432 shares issued; and 18,837,025 and 19,021,262 shares outstanding as of March 31, 2017, and December 31, 2016, respectively	`CommonStockValue`	$22.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$292.43M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$297.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$371.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$382.07M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$88.69M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$107.64M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.64M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.27M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$566.00M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$562.25M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.08B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.09B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$296.30M	USD	1 Quarter
Revenue	`Revenues`	$283.60M	USD	1 Quarter
Direct Costs	`CostOfGoodsAndServicesSold`	$183.61M	USD	1 Quarter
Direct Costs	`CostOfGoodsAndServicesSold`	$177.20M	USD	1 Quarter
Indirect and selling expenses	`SellingGeneralAndAdministrativeExpense`	$88.80M	USD	1 Quarter
Indirect and selling expenses	`SellingGeneralAndAdministrativeExpense`	$81.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.52M	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`	$2.73M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$88.71M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$96.06M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.63M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.69M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.95M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.44M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$275.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$109.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.52M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.79M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.63M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.18M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.97M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.99M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.42M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.27M	shares	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$372.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-917.00K	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$10.55M	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$8.97M	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$9.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.18M	USD	1 Quarter
Non-cash equity compensation	`ShareBasedCompensation`	$2.62M	USD	1 Quarter
Non-cash equity compensation	`ShareBasedCompensation`	$2.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.25M	USD	1 Quarter
Other adjustments, net	`OtherNoncashIncomeExpense`	$-5.94M	USD	1 Quarter
Other adjustments, net	`OtherNoncashIncomeExpense`	$-1.15M	USD	1 Quarter
Contract receivables, net	`IncreaseDecreaseInReceivables`	$-3.09M	USD	1 Quarter
Contract receivables, net	`IncreaseDecreaseInReceivables`	$19.46M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.17M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.81M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.44M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-16.58M	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$5.15M	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.06M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.85M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-7.30M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.21M	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`	$-1.48M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$12.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-603.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-622.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$696.00K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$6.71M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-13.38M	USD	1 Quarter
Capital expenditures for property and equipment and capitalized software	`PaymentsToAcquireProductiveAssets`	$4.18M	USD	1 Quarter
Capital expenditures for property and equipment and capitalized software	`PaymentsToAcquireProductiveAssets`	$2.57M	USD	1 Quarter
Payments for business acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payments for business acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$91.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.66M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.18M	USD	1 Quarter
Advances from working capital facilities	`ProceedsFromBankDebt`	$123.28M	USD	1 Quarter
Advances from working capital facilities	`ProceedsFromBankDebt`	$127.18M	USD	1 Quarter
Payments on working capital facilities	`RepaymentsOfLongTermDebt`	$110.72M	USD	1 Quarter
Payments on working capital facilities	`RepaymentsOfLongTermDebt`	$96.88M	USD	1 Quarter
Payments on capital expenditure obligations	`RepaymentOfCapitalExpenditureObligations`	$1.01M	USD	1 Quarter
Payments on capital expenditure obligations	`RepaymentOfCapitalExpenditureObligations`	$1.45M	USD	1 Quarter
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	$2.10M	USD	1 Quarter
Net payments for stockholder issuances and buybacks	`ProceedsFromRepurchaseOfEquity`	$-6.66M	USD	1 Quarter
Net payments for stockholder issuances and buybacks	`ProceedsFromRepurchaseOfEquity`	$-19.01M	USD	1 Quarter
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$18.72M	USD	1 Quarter
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.92M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$449.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$41.00K	USD	1 Quarter
Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.61M	USD	1 Quarter
Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.17M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.75M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.04M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.21M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$9.36M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.75M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.04M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.21M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$9.36M	USD	Point-in-time
Interest	`InterestPaid`	$1.99M	USD	1 Quarter
Interest	`InterestPaid`	$1.49M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$587.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$1.30M	USD	1 Quarter

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