10-Q Filing

ICF International, Inc. CIK: 1362004 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-010465`
Period End Date	20180331
Filing Date	20180503
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	icfi-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 36 Cash Flow Statement 65

Balance Sheet 83 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
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
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.81M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.21M	USD	Point-in-time
Contract receivables, net	`AccountsReceivableNetCurrent`	$167.17M	USD	Point-in-time
Contract receivables, net	`AccountsReceivableNetCurrent`	$168.32M	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
Contract assets	`ContractWithCustomerAssetNetCurrent`	$128.52M	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
Contract assets	`ContractWithCustomerAssetNetCurrent`	$123.20M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.01M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	22.02M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	22.28M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.33M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$5.60M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$7.01M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	18.66M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	18.77M	shares	Point-in-time
Restricted cash - current	`RestrictedCashCurrent`	$11.19M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$337.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$331.44M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$37.26M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$38.05M	USD	Point-in-time
Goodwill	`Goodwill`	$686.11M	USD	Point-in-time
Goodwill	`Goodwill`	$694.34M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$35.86M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$35.30M	USD	Point-in-time
Restricted cash - non-current	`RestrictedCashNoncurrent`	$1.84M	USD	Point-in-time
Restricted cash - non-current	`RestrictedCashNoncurrent`	$1.27M	USD	Point-in-time
Restricted cash - non-current	`RestrictedCashNoncurrent`	$1.25M	USD	Point-in-time
Restricted cash - non-current	`RestrictedCashNoncurrent`	$1.27M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$21.29M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$18.09M	USD	Point-in-time
Total Assets	`Assets`	$1.11B	USD	Point-in-time
Total Assets	`Assets`	$1.13B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$75.07M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$38.57M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$32.28M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$45.65M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$46.54M	USD	Point-in-time
Accrued subcontractors and other direct costs	`AccruedSubcontractorAndOtherDirectCosts`	$34.71M	USD	Point-in-time
Accrued subcontractors and other direct costs	`AccruedSubcontractorAndOtherDirectCosts`	$47.51M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$25.07M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$17.57M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$207.20M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$224.37M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$231.49M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$206.25M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$15.12M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$13.96M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$33.35M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$36.39M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$15.48M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$15.13M	USD	Point-in-time
Total Liabilities	`Liabilities`	$494.23M	USD	Point-in-time
Total Liabilities	`Liabilities`	$504.52M	USD	Point-in-time
Commitments and Contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $.001; 5,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.001; 5,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.001; 70,000,000 shares authorized; 22,279,727 and 22,019,315 shares issued as of March 31, 2018 and December 31, 2017, respectively; 18,767,066 and 18,661,801 shares outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$22.00K	USD	Point-in-time
Common stock, par value $.001; 70,000,000 shares authorized; 22,279,727 and 22,019,315 shares issued as of March 31, 2018 and December 31, 2017, respectively; 18,767,066 and 18,661,801 shares outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$22.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$307.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$311.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$434.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$445.38M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$130.58M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$121.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.26M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.04M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$616.03M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$622.50M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.13B	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
Revenue	`Revenues`	$302.78M	USD	1 Quarter
Revenue	`Revenues`	$296.30M	USD	1 Quarter
Direct costs	`CostOfGoodsAndServicesSold`	$188.83M	USD	1 Quarter
Direct costs	`CostOfGoodsAndServicesSold`	$183.61M	USD	1 Quarter
Indirect and selling expenses	`SellingGeneralAndAdministrativeExpense`	$88.80M	USD	1 Quarter
Indirect and selling expenses	`SellingGeneralAndAdministrativeExpense`	$89.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.47M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.73M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.24M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$96.37M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$96.06M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.58M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.63M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.67M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.95M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$104.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$109.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.79M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.02M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.42M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.65	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	18.97M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	18.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.42M	shares	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$372.00K	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.61M	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$10.55M	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$14.03M	USD	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$10.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.42M	USD	1 Quarter
Non-cash equity compensation	`ShareBasedCompensation`	$2.39M	USD	1 Quarter
Non-cash equity compensation	`ShareBasedCompensation`	$2.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.25M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.71M	USD	1 Quarter
Facilities consolidation reserve	`FacilitiesConsolidationReserve`	$-64.00K	USD	1 Quarter
Facilities consolidation reserve	`FacilitiesConsolidationReserve`	$1.75M	USD	1 Quarter
Deferred taxes and other adjustments, net	`OtherNoncashIncomeExpense`	$-5.94M	USD	1 Quarter
Deferred taxes and other adjustments, net	`OtherNoncashIncomeExpense`	$-2.87M	USD	1 Quarter
Net contract assets and liabilities	`IncreaseDecreaseInCommodityContractAssetsAndLiabilities`	$2.93M	USD	1 Quarter
Net contract assets and liabilities	`IncreaseDecreaseInCommodityContractAssetsAndLiabilities`	$11.41M	USD	1 Quarter
Contract receivables, net	`IncreaseDecreaseInReceivables`	$-3.32M	USD	1 Quarter
Contract receivables, net	`IncreaseDecreaseInReceivables`	$-3.81M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.11M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.17M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.94M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-16.58M	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.06M	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$834.00K	USD	1 Quarter
Accrued subcontractors and other direct costs	`IncreaseDecreaseInAccruedSubcontractorAndOtherDirectCosts`	$-13.54M	USD	1 Quarter
Accrued subcontractors and other direct costs	`IncreaseDecreaseInAccruedSubcontractorAndOtherDirectCosts`	$-2.70M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-6.35M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.46M	USD	1 Quarter
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.48M	USD	1 Quarter
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-2.12M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$346.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$696.00K	USD	1 Quarter
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$6.10M	USD	1 Quarter
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.85M	USD	1 Quarter
Capital expenditures for property and equipment and capitalized software	`PaymentsToAcquireProductiveAssets`	$3.24M	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`	$91.00K	USD	1 Quarter
Payments for business acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$11.84M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.66M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.07M	USD	1 Quarter
Advances from working capital facilities	`ProceedsFromBankDebt`	$138.24M	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`	$113.00M	USD	1 Quarter
Payments on capital expenditure obligations	`RepaymentOfCapitalExpenditureObligations`	$1.45M	USD	1 Quarter
Payments on capital expenditure obligations	`RepaymentOfCapitalExpenditureObligations`	$814.00K	USD	1 Quarter
Debt issue costs	`PaymentsOfDebtIssuanceCosts`	$21.00K	USD	1 Quarter
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	$1.80M	USD	1 Quarter
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	$2.10M	USD	1 Quarter
Net payments for stockholder issuances and buybacks	`ProceedsFromRepurchaseOfEquity`	$-9.11M	USD	1 Quarter
Net payments for stockholder issuances and buybacks	`ProceedsFromRepurchaseOfEquity`	$-19.01M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.92M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$17.10M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.00K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.00K	USD	1 Quarter
(Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.57M	USD	1 Quarter
(Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.70M	USD	1 Quarter
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.57M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.27M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.45M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.88M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.57M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.27M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.45M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.88M	USD	Point-in-time
Interest	`InterestPaid`	$1.60M	USD	1 Quarter
Interest	`InterestPaid`	$1.99M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$1.30M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$615.00K	USD	1 Quarter

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