← IES Holdings, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $120.8m | $13.4m | ($14.2m) | $33.2m | $41.6m | $66.7m | $34.8m | $108.3m | $219.1m | $311.8m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $119.7m | $13.3m | ($14.1m) | $33.5m | $40.6m | $68.7m | $40.2m | $119.8m | $232.5m | $311.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $120.9m | $13.6m | ($13.8m) | $33.5m | $40.6m | $68.7m | $40.2m | $119.8m | $232.5m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $120.8m | $13.4m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $120.9m | $13.6m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | $0 | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $100k | $172k | $354k | $272k | ($1.0m) | $2.0m | $5.4m | $11.5m | $13.4m | — | |
| Depreciation, Depletion and Amortization | $5.7m | $9.6m | $8.9m | $9.6m | $12.5m | $21.9m | $25.5m | $29.4m | $37.1m | $46.9m | |
| Amortization of Debt Issuance Costs | $345k | $294k | $288k | $318k | $152k | $198k | $199k | $268k | $287k | — | |
| Amortization of Intangible Assets | $2.9m | $5.8m | $4.1m | $4.0m | $6.4m | $13.2m | $13.7m | $13.7m | $13.2m | — | |
| Depreciation | $5.7m | $3.8m | $4.8m | $5.6m | $6.1m | $8.1m | $10.1m | $12.1m | $19.5m | $46.9m | |
| Deferred financing cost amortization | $345k | $294k | $288k | $318k | $152k | $198k | $199k | $268k | $287k | $475k | |
| Deferred Income Tax Expense (Benefit) | ($98.4m) | $6.9m | $38.2m | $5.7m | $5.1m | $11.7m | ($31k) | $5.2m | ($1.1m) | — | |
| Deferred income taxes | ($98.4m) | $6.9m | $38.2m | $5.7m | $5.1m | $11.7m | ($31k) | $5.2m | ($1.1m) | ($3.3m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | $2.4m | $3.3m | $3.5m | $3.8m | $4.4m | $5.5m | — | |
| Goodwill, Impairment Loss | — | — | — | — | $7.0m | — | $0 | — | — | — | |
| Goodwill impairment expense | — | — | $0 | $0 | $7.0m | $0 | $0 | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($810k) | $69k | $15k | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | $810k | ($69k) | ($15k) | ($52k) | $0 | $47k | $69k | $14.1m | $1.7m | $155k | |
| Gain (Loss) on Disposition of Assets for Financial Service Operations | ($810k) | $69k | $15k | ($52k) | $0 | $47k | $69k | $14.1m | $1.7m | $155k | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | $0 | $0 | ($14.8m) | |
| Income Tax Expense (Benefit) | ($97.1m) | $5.2m | $38.2m | $6.7m | $8.7m | $16.2m | $12.8m | $38.8m | $72.2m | — | |
| Other Nonoperating Income (Expense) | — | — | — | $148k | ($12k) | $286k | ($37k) | $1.8m | $5.1m | — | |
| Payments to Acquire Equity Method Investments | — | — | — | — | $0 | $0 | ($500k) | ($165k) | ($380k) | ($44.9m) | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | — | — | — | — | — | — | $0 | $0 | ($14.8m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $22.4m | $7.6m | $7.6m | $35.3m | $25.4m | $55.4m | $87.2m | ($2.9m) | $93.5m | — | |
| Increase (Decrease) in Inventories | ($3.9m) | $1.9m | $4.0m | $684k | $2.8m | $30.5m | $27.8m | $1.1m | $3.5m | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | — | — | — | — | — | $0 | $0 | $1.8m | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | — | — | $13.0m | $13.0m | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | $0 | $0 | $1.5m | — | |
| Goodwill | $39.9m | $46.7m | $50.7m | $50.6m | $53.8m | $92.4m | $92.4m | $92.4m | $94.0m | — | |
| Proceeds from Stock Options Exercised | — | — | — | $0 | $34k | $0 | $53k | $22k | $19k | — | |
| Unrealized Gain (Loss) on Investments | $159k | $171k | $224k | — | — | — | $0 | $0 | $1.8m | ($7.5m) | |
| Bad debt expense | $360k | $296k | $421k | $552k | $1.9m | $1.2m | $3.1m | ($120k) | $1.5m | $3.4m | |
| Loss (gain) on sale of assets | $810k | ($69k) | ($15k) | ($52k) | $0 | $47k | $69k | $14.1m | $1.7m | $155k | |
| Non-cash compensation | — | $1.7m | ($136k) | $2.4m | $3.3m | $3.5m | $3.8m | $4.4m | $5.5m | $12.9m | |
| Accounts receivable | ($22.4m) | ($7.6m) | ($7.6m) | ($35.3m) | ($25.4m) | ($55.4m) | ($87.2m) | $2.9m | ($93.5m) | ($79.9m) | |
| Inventories | $3.9m | ($1.9m) | ($4.0m) | ($684k) | ($2.8m) | ($30.5m) | ($27.8m) | ($1.1m) | ($3.5m) | $4.1m | |
| Costs and estimated earnings in excess of billings | ($3.2m) | $2.6m | ($17.8m) | $1.6m | $435k | ($13.5m) | ($8.7m) | $3.5m | ($4.0m) | ($8.7m) | |
| Prepaid expenses and other current assets | ($1.7m) | ($6.8m) | ($2.2m) | ($7.2m) | ($9.4m) | ($9.2m) | ($18.6m) | ($7.3m) | ($16.7m) | ($16.5m) | |
| Other non-current assets | ($1.5m) | ($510k) | $274k | ($444k) | $510k | $703k | ($3.0m) | $2.1m | $174k | ($1.6m) | |
| Accounts payable and accrued expenses | $19.7m | ($2.8m) | $6.6m | $22.5m | $20.1m | $30.6m | $67.1m | ($10.0m) | $57.9m | $86.5m | |
| Billings in excess of costs and estimated earnings | ($936k) | $5.9m | $3.6m | $6.7m | $14.0m | $6.7m | $22.4m | $19.1m | $54.5m | $16.1m | |
| Other non-current liabilities | ($16k) | $1.1m | ($336k) | ($459k) | $8.8m | $1.2m | ($762k) | $162k | $423k | ($1.8m) | |
| Proceeds from sale of assets | — | $270k | $108k | $502k | $104k | $295k | $219k | $20.6m | $3.7m | $833k | |
| Cash received (paid) in conjunction with business combinations | ($59.5m) | ($20.2m) | ($7.4m) | $50k | ($29.0m) | $92.5m | $0 | $0 | ($67.0m) | ($52.4m) | |
| Borrowings of debt | $20.3m | $5.4m | $168k | $89.3m | $592.8m | $1.3b | $1.9b | $2.4b | $2.9b | $996.4m | |
| Finance lease payment | — | — | $0 | $0 | ($215k) | ($648k) | ($1.8m) | ($3.3m) | ($4.3m) | ($4.4m) | |
| Purchase of treasury stock | $590k | ($2.4m) | ($2.1m) | ($9.8m) | ($7.7m) | ($7.0m) | ($18.6m) | ($8.3m) | ($44.0m) | ($41.6m) | |
| Issuance of shares | $220k | $218k | $11k | $0 | $34k | $0 | $53k | $22k | $19k | $0 | |
| Contingent consideration | — | — | — | — | — | $211k | $277k | $277k | $714k | $1.1m | |
| Earnings (loss) per share, basic | — | — | — | — | — | $3.19 | $1.45 | $4.58 | $10.02 | $15.22 | |
| Earnings (loss) per share, diluted | — | — | — | — | — | $3.15 | $1.44 | $4.54 | $9.89 | $15.02 | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | — | — | 20.8m | 20.7m | 20.2m | 20.2m | 19.9m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | — | 21.1m | 20.9m | 20.4m | 20.4m | 20.2m | |
| Gross profit | — | — | — | — | — | $288.0m | $318.9m | $444.5m | $696.6m | $859.5m | |
| Cost of services | — | — | — | — | — | $1.2b | $1.8b | $1.9b | $2.2b | $2.5b | |
| Revenues | — | — | — | — | — | $1.5b | $2.2b | $2.4b | $2.9b | $3.4b | |
| Provision for income taxes | — | — | — | — | — | $16.2m | $12.8m | $38.8m | $72.2m | $96.8m | |
| Selling, general and administrative expenses | — | — | — | — | — | $202.3m | $262.7m | $298.6m | $396.7m | $475.0m | |
| Fair Value of Assets Acquired | — | — | — | — | — | $0 | $0 | $4.7m | $0 | $789k | |
| Noncash or Part Noncash Acquisition, Other Liabilities Assumed | — | — | — | — | — | — | — | — | $2.8m | $0 | |
| Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI | — | — | — | — | — | — | $0 | $0 | $33.2m | $62.1m | |
| Payment for Contingent Consideration Liability, Financing Activities | $0 | ($448k) | $0 | $0 | $0 | $0 | $0 | $0 | $4.1m | $1.5m | |
| Other Operating Income (Expense), Net | $83k | $165k | $340k | — | — | $85.6m | $56.0m | $159.8m | $300.9m | $383.5m | |
| Net Cash Provided by (Used in) Operating Activities | $25.0m | $22.3m | $12.2m | $38.7m | $76.7m | $37.9m | $16.3m | $153.9m | $234.4m | $286.1m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $3.4m | $4.6m | $4.6m | $6.3m | $4.7m | $7.4m | $29.3m | $17.7m | $45.2m | $67.3m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $59.5m | $20.2m | $7.4m | ($50k) | $29.0m | $92.5m | $0 | $0 | $67.0m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($60.7m) | ($24.5m) | ($11.9m) | ($5.7m) | ($33.6m) | ($99.6m) | ($29.5m) | $2.8m | ($108.8m) | ($163.7m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of debt | ($290k) | ($5.4m) | ($177k) | ($119.5m) | ($592.8m) | ($1.3b) | ($1.9b) | ($2.5b) | ($2.9b) | ($996.4m) | |
| Proceeds from Issuance of Common Stock | $220k | $218k | $11k | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $590k | $2.4m | $2.1m | $9.8m | $7.7m | $7.0m | $18.6m | $8.3m | $44.0m | — | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | — | ($240k) | ($639k) | ($311k) | ($7.0m) | ($11.5m) | ($16.2m) | — | |
| Payments for Repurchase of Redeemable Noncontrolling Interest | — | — | — | — | $0 | ($1.2m) | $0 | $0 | ($32.0m) | ($40.0m) | |
| Distribution to noncontrolling interests | — | ($153k) | ($349k) | ($240k) | ($639k) | ($311k) | ($7.0m) | ($11.5m) | ($16.2m) | ($8.6m) | |
| Net Cash Provided by (Used in) Financing Activities | $19.4m | ($2.7m) | ($2.4m) | ($40.3m) | ($8.5m) | $31.2m | $15.0m | ($105.8m) | ($100.5m) | ($96.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($16.4m) | ($4.9m) | ($2.0m) | ($7.3m) | $34.6m | ($30.5m) | $1.7m | $50.9m | $25.1m | $26.3m | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ($16.4m) | ($4.9m) | ($2.0m) | ($7.3m) | $34.6m | ($30.5m) | $1.7m | $50.9m | $25.1m | $26.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $28.3m | $26.2m | $18.9m | $53.6m | $23.1m | $24.8m | $75.8m | $100.8m | $127.2m | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | — | — | — | — | — | $75.8m | — | — | |
| CASH, CASH EQUIVALENTS and RESTRiCTED CASH, beginning of period | — | $28.3m | $26.2m | $18.9m | $53.6m | $23.1m | $24.8m | $75.8m | $100.8m | $127.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Cash paid for interest | $1.0m | $1.5m | $1.7m | $1.7m | $782k | $738k | $3.1m | $2.1m | $536k | $882k | |
| Income Taxes Paid, Net | $1.4m | $2.4m | $2.8m | $1.4m | $323k | $5.1m | $4.0m | $12.1m | $61.6m | $117.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.