← DYCOM INDUSTRIES INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $38.6m | $84.0m | $128.3m | $54.6m | — | $310.8m | $224.2m | $101.1m | $92.7m | $709.2m | |
| Cash and equivalents | $38.6m | $84.0m | $128.3m | $54.6m | $11.8m | $310.8m | $224.2m | $101.1m | $92.7m | $709.2m | |
| Accounts receivable, net (Note 6) | $369.8m | $318.7m | $625.3m | $817.2m | $858.1m | $895.9m | $1.1b | $1.2b | $1.4b | $1.7b | |
| Income tax receivable | $7.5m | $13.9m | $3.5m | $3.2m | $1.7m | $12.7m | $3.9m | $2.7m | $3.0m | $19.9m | |
| Other current assets | $23.6m | $39.7m | $29.1m | $32.0m | $29.1m | $30.9m | $38.6m | $42.3m | $34.6m | $40.2m | |
| Accounts Receivable | — | — | — | — | — | — | $400.2m | $511.6m | $573.4m | $819.2m | |
| Cash And Cash Equivalents | — | — | — | — | — | — | $224.2m | $101.1m | $92.7m | $709.2m | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | — | $224.2m | $101.1m | $92.7m | $709.2m | |
| Non Current Prepaid Assets | — | — | — | — | — | $8.9m | $9.0m | — | — | — | |
| Other Receivables | — | — | — | — | — | — | $714.3m | $787.2m | $866.0m | $1.0b | |
| Prepaid Assets | — | — | — | — | — | — | $17.4m | $20.1m | $20.7m | $27.8m | |
| Receivables Adjustments Allowances | — | — | — | — | — | — | ($3.2m) | ($2.8m) | ($1.1m) | ($2.6m) | |
| Taxes Receivable | — | — | — | — | — | — | $3.9m | $2.7m | $3.0m | $19.9m | |
| Inventory, Net | $83.2m | $79.0m | $94.4m | $98.3m | $70.8m | $81.3m | $115.0m | $108.6m | $127.3m | $128.3m | |
| Accounts Receivable, after Allowance for Credit Loss | $369.8m | $318.7m | $625.3m | $817.2m | — | $895.9m | $1.1b | $1.2b | $1.4b | $1.7b | |
| Assets, Current | $938.5m | $904.8m | $1.1b | $1.3b | — | $1.4b | $1.5b | $1.6b | $1.7b | $2.8b | |
| Total current assets | $938.5m | $904.8m | $1.1b | $1.3b | $1.2b | $1.4b | $1.5b | $1.6b | $1.7b | $2.8b | |
| Property, Plant and Equipment, Net | $422.1m | $414.8m | $424.8m | $376.6m | $274.0m | $294.8m | $367.9m | $444.9m | $541.9m | $575.4m | |
| Goodwill | $321.7m | $321.7m | $325.7m | $325.7m | $272.5m | $272.5m | $272.5m | $312.0m | $330.3m | $1.4b | |
| Intangible Assets, Net (Excluding Goodwill) | $183.6m | $171.5m | $161.1m | $139.9m | — | $101.8m | $86.6m | $109.0m | $219.7m | $925.9m | |
| Intangible assets, net | $183.6m | $171.5m | $161.1m | $139.9m | $119.3m | $101.8m | $86.6m | $109.0m | $219.7m | $925.9m | |
| Goodwill And Other Intangible Assets | — | — | — | — | — | — | $359.1m | $420.9m | $550.1m | $2.4b | |
| Other Intangible Assets | — | — | — | — | — | — | $86.6m | $109.0m | $219.7m | $925.9m | |
| Operating Lease, Right-of-Use Asset | — | — | $0 | $69.6m | $63.2m | $61.1m | $67.2m | $76.3m | $112.2m | $169.6m | |
| Other Assets, Noncurrent | $33.4m | $28.2m | $89.4m | $47.4m | — | $31.9m | $26.4m | $24.6m | $46.6m | $107.9m | |
| Operating lease right-of-use assets | — | — | $0 | $69.6m | $63.2m | $61.1m | $67.2m | $76.3m | $112.2m | $169.6m | |
| Other assets | $33.4m | $28.2m | $89.4m | $47.4m | $46.6m | $31.9m | $26.4m | $24.6m | $46.6m | $107.9m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $369.8m | $318.7m | $625.3m | $817.2m | — | $895.9m | $1.1b | $1.2b | $1.4b | $1.7b | |
| Contract assets | — | $369.5m | $215.8m | $253.0m | $197.1m | $24.5m | $43.9m | $52.2m | $63.4m | $162.3m | |
| Contract liabilities | — | $6.5m | $15.1m | $16.3m | $14.1m | $18.5m | $19.5m | $39.1m | $73.5m | $158.5m | |
| Operating lease liabilities | — | — | $0 | $26.6m | $24.8m | $24.6m | $27.5m | $32.0m | $35.8m | $42.3m | |
| Income taxes payable | $1.1m | $755k | $721k | $344k | $6.4m | $233k | $14.9m | $3.9m | $30.6m | $771k | |
| Operating lease liabilities - non-current | — | — | $0 | $43.6m | $38.4m | $36.5m | $39.6m | $44.1m | $76.9m | $135.2m | |
| Other liabilities | $5.3m | $5.7m | $6.5m | $6.4m | $26.6m | $14.2m | $18.4m | $21.4m | $27.0m | $24.3m | |
| Accumulated Depreciation | — | — | — | — | — | — | ($1.0b) | ($1.0b) | ($1.0b) | ($1.1b) | |
| Buildings And Improvements | — | — | — | — | — | — | $10.5m | $10.4m | $19.9m | $25.0m | |
| Capital Lease Obligations | — | — | — | — | — | — | $67.2m | $76.1m | $112.8m | $177.5m | |
| Current Accrued Expenses | — | — | — | — | — | — | $111.2m | $107.5m | $119.7m | $145.2m | |
| Current Capital Lease Obligation | — | — | — | — | — | — | $27.5m | $32.0m | $35.8m | $42.3m | |
| Current Debt | — | — | — | — | — | — | $17.5m | $17.5m | $10.0m | $4.0m | |
| Current Debt And Capital Lease Obligation | — | — | — | — | — | — | $45.0m | $49.5m | $45.8m | $46.3m | |
| Current Deferred Liabilities | — | — | — | — | — | — | $19.5m | $39.1m | $73.5m | $158.5m | |
| Gross PPE | — | — | — | — | — | — | $1.5b | $1.6b | $1.7b | $1.9b | |
| Income Tax Payable | — | — | — | — | — | — | $14.9m | $3.9m | $30.6m | $771k | |
| Invested Capital | — | — | — | — | — | — | $1.7b | $1.9b | $2.2b | $4.7b | |
| Land And Improvements | — | — | — | — | — | — | $8.4m | $8.4m | $8.4m | $8.5m | |
| Leases | — | — | — | — | — | — | $17.6m | $19.2m | $27.7m | $26.7m | |
| Long Term Capital Lease Obligation | — | — | — | — | — | — | $39.6m | $44.1m | $76.9m | $135.2m | |
| Machinery Furniture Equipment | — | — | — | — | — | — | $1.4b | $1.4b | $1.5b | $1.6b | |
| Net Debt | — | — | — | — | — | — | $600.7m | $707.8m | $850.5m | $2.1b | |
| Net PPE | — | — | — | — | — | — | $435.1m | $521.3m | $654.1m | $745.0m | |
| Net Tangible Assets | — | — | — | — | — | — | $509.6m | $633.7m | $689.0m | ($510.2m) | |
| Non Current Accounts Receivable | — | — | — | — | — | — | $13.3m | $7.4m | $3.3m | $8.6m | |
| Non Current Accrued Expenses | — | — | — | — | — | — | $49.3m | $49.4m | $49.8m | $58.0m | |
| Non Current Deferred Assets | — | — | — | — | — | — | $3.7m | $2.5m | $4.9m | $10.6m | |
| Non Current Deferred Liabilities | — | — | — | — | — | — | $60.2m | $49.6m | $32.2m | $85.2m | |
| Ordinary Shares Number | — | — | — | — | — | — | $29.4m | $29.1m | $29.0m | $30.0m | |
| Other Current Borrowings | — | — | — | — | — | — | $17.5m | $17.5m | $10.0m | $4.0m | |
| Other Current Liabilities | — | — | — | — | — | — | $26.7m | $32.5m | $32.8m | $41.4m | |
| Other Equity Adjustments | — | — | — | — | — | ($1.8m) | ($1.8m) | ($1.5m) | — | — | |
| Other Non Current Assets | — | — | — | — | — | — | $9.4m | $14.7m | $38.3m | $88.7m | |
| Other Non Current Liabilities | — | — | — | — | — | — | $18.4m | $21.4m | $27.0m | $24.3m | |
| Other Properties | — | — | — | — | — | — | $67.2m | $76.3m | $112.2m | $169.6m | |
| Properties | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Restricted Cash | — | — | — | — | — | — | $1.4m | $1.4m | $1.4m | $1.4m | |
| Share Issued | — | — | — | — | — | — | $29.4m | $29.1m | $29.0m | $30.0m | |
| Tangible Book Value | — | — | — | — | — | — | $509.6m | $633.7m | $689.0m | ($510.2m) | |
| Working Capital | — | — | — | — | — | — | $1.0b | $1.0b | $1.1b | $1.7b | |
| Total stockholders’ equity | $671.6m | $725.0m | $804.2m | $868.6m | $811.3m | $758.5m | $868.8m | $1.1b | $1.2b | $1.9b | |
| Total Capitalization | — | — | — | — | — | — | $1.7b | $1.8b | $2.2b | $4.7b | |
| Total Debt | — | — | — | — | — | — | $892.0m | $885.0m | $1.1b | $3.0b | |
| Total Non Current Assets | $938.5m | $904.8m | $1.1b | $1.3b | $1.2b | $1.4b | $820.6m | $966.8m | $1.3b | $3.2b | |
| Total Tax Payable | — | — | — | — | — | — | $14.9m | $3.9m | $30.6m | $771k | |
| Assets | $1.9b | $1.8b | $2.1b | $2.2b | — | $2.1b | $2.3b | $2.5b | $2.9b | $6.0b | |
| Total assets | $1.9b | $1.8b | $2.1b | $2.2b | $1.9b | $2.1b | $2.3b | $2.5b | $2.9b | $6.0b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total liabilities and stockholders’ equity | $1.9b | $1.8b | $2.1b | $2.2b | $1.9b | $2.1b | $2.3b | $2.5b | $2.9b | $6.0b | |
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | $0 | $26.6m | — | $24.6m | $27.5m | $32.0m | $35.8m | $42.3m | |
| Accounts Payable, Current | $133.0m | $92.4m | $119.5m | $119.6m | $159.0m | $155.9m | $207.7m | $222.1m | $223.5m | $497.3m | |
| Operating Lease, Liability, Noncurrent | — | — | $0 | $43.6m | $38.4m | $36.5m | $39.6m | $44.1m | $76.9m | $135.2m | |
| Long-term Debt, Excluding Current Maturities | $738.3m | $733.8m | $867.6m | $844.4m | $501.6m | $823.3m | $807.4m | $791.4m | $933.2m | $2.8b | |
| Current portion of debt | $21.7m | $26.5m | $5.6m | $22.5m | $81.7m | $17.5m | $17.5m | $17.5m | $10.0m | $4.0m | |
| Accrued insurance claims | $62.0m | $53.9m | $40.0m | $38.9m | $41.7m | $36.8m | $41.0m | $44.5m | $46.7m | $47.6m | |
| Other accrued liabilities | $113.6m | $79.7m | $104.1m | $98.8m | $120.8m | $128.2m | $141.3m | $147.2m | $167.0m | $256.5m | |
| Accrued insurance claims - non-current | — | $59.4m | $68.3m | $56.0m | $70.2m | $48.2m | $49.3m | $49.4m | $49.8m | $58.0m | |
| Current Deferred Revenue | — | — | — | — | — | — | $19.5m | $39.1m | $73.5m | $158.5m | |
| Payables And Accrued Expenses | — | — | — | — | — | — | $333.9m | $333.5m | $373.8m | $643.2m | |
| Liabilities, Current | $318.5m | $259.6m | $285.0m | $323.0m | — | $381.8m | $469.6m | $506.3m | $587.2m | $1.0b | |
| Total current liabilities | $318.5m | $259.6m | $285.0m | $323.0m | $448.5m | $381.8m | $469.6m | $506.3m | $587.2m | $1.0b | |
| Deferred Income Tax Liabilities, Net | — | $57.4m | $66.0m | $75.5m | $47.6m | $55.7m | $60.2m | $49.6m | $32.2m | $85.2m | |
| Other Liabilities, Noncurrent | $5.3m | $5.7m | $6.5m | $6.4m | — | $14.2m | $18.4m | $21.4m | $27.0m | $24.3m | |
| Deferred tax liabilities, net - non-current | — | $57.4m | $66.0m | $75.5m | $47.6m | $55.7m | $60.2m | $49.6m | $32.2m | $85.2m | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | — | $847.0m | $835.5m | $1.0b | $2.9b | |
| Non Current Deferred Taxes Liabilities | — | — | — | — | — | — | $60.2m | $49.6m | $32.2m | $85.2m | |
| Pensionand Other Post Retirement Benefit Plans Current | — | — | — | — | — | — | $44.5m | $51.7m | $61.2m | $117.5m | |
| Deferred Tax Liabilities, Net | $77.1m | $57.4m | $66.0m | $75.5m | $47.6m | $55.7m | $60.2m | $49.6m | $32.2m | $85.2m | |
| Liabilities | $1.2b | $1.1b | $1.3b | $1.3b | — | $1.4b | $1.4b | $1.5b | $1.7b | $4.1b | |
| Total liabilities | $1.2b | $1.1b | $1.3b | $1.3b | $1.1b | $1.4b | $1.4b | $1.5b | $1.7b | $4.1b | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Common Stock, Value, Issued | $10.4m | $10.4m | $10.5m | $10.5m | $0 | $9.9m | $9.8m | $9.7m | $9.7m | $10.0m | |
| Retained Earnings (Accumulated Deficit) | $652.3m | $709.6m | $772.5m | $829.7m | $800.6m | $748.4m | $855.1m | $1.0b | $1.2b | $1.5b | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($1.2m) | ($1.1m) | ($1.3m) | ($1.8m) | — | ($1.8m) | ($1.8m) | ($1.5m) | $0 | — | |
| Additional Paid in Capital, Common Stock | $10.1m | $6.2m | $22.5m | $30.2m | — | $2.0m | $5.7m | $6.2m | $9.0m | $381.7m | |
| Preferred stock, par value $1.00 per share: 1,000,000 shares authorized: no shares issued and outstanding | — | — | — | — | 0 | 0 | 0 | — | — | — | |
| Additional paid-in capital | $10.1m | $6.2m | $22.5m | $30.2m | $2.3m | $2.0m | $5.7m | $6.2m | $9.0m | $381.7m | |
| Capital Stock | — | — | — | — | — | — | $9.8m | $9.7m | $9.7m | $10.0m | |
| Gains Losses Not Affecting Retained Earnings | — | — | — | — | — | ($1.8m) | ($1.8m) | ($1.5m) | $0 | — | |
| Preferred Stock | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Stockholders' Equity Attributable to Parent | $671.6m | $725.0m | $804.2m | $868.6m | — | $758.5m | $868.8m | $1.1b | $1.2b | $1.9b | |
| Total Equity Gross Minority Interest | — | — | — | — | — | — | $868.8m | $1.1b | $1.2b | $1.9b | |
| Total Non Current Liabilities Net Minority Interest | $318.5m | $259.6m | $285.0m | $323.0m | $448.5m | $381.8m | $974.9m | $955.9m | $1.1b | $3.1b | |
| Liabilities and Equity | $1.9b | $1.8b | $2.1b | $2.2b | — | $2.1b | $2.3b | $2.5b | $2.9b | $6.0b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.