← DYCOM INDUSTRIES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | $128.7m | $157.2m | $62.9m | $57.2m | $34.3m | $48.6m | $142.2m | $218.9m | $233.4m | $281.2m | $311.4m | |
| Depreciation, Depletion and Amortization | $124.9m | $147.9m | $179.6m | $187.6m | $175.9m | $152.7m | $144.2m | $163.1m | $198.6m | $269.6m | $322.8m | |
| Amortization of Debt Issuance Costs | $2.9m | $3.3m | $3.7m | $4.0m | $2.8m | $2.8m | $2.8m | $3.0m | $4.4m | $4.2m | — | |
| Amortization of Intangible Assets | $19.4m | $24.8m | $22.6m | $21.2m | — | $17.5m | $15.3m | $19.8m | $31.4m | $68.8m | — | |
| Depreciation | $105.5m | $123.1m | $157.0m | $166.4m | $175.9m | $135.2m | $128.8m | $143.3m | $167.2m | $200.8m | $322.8m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $144.2m | $163.1m | $198.6m | $269.6m | $322.8m | |
| Deferred Income Tax Expense (Benefit) | $26.8m | $18.2m | $8.5m | $9.3m | ($28.2m) | $8.0m | $4.5m | ($10.6m) | ($17.4m) | $53.0m | $64.5m | |
| Deferred Tax | — | — | — | — | — | — | $4.5m | ($10.6m) | ($17.4m) | $53.0m | $64.5m | |
| Share-based Payment Arrangement, Noncash Expense | $16.9m | $20.8m | $20.2m | $10.0m | — | $9.9m | $17.9m | $25.5m | $40.3m | $34.5m | $35.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $12.6m | $10.8m | $4.7m | $1.7m | — | $6.6m | $5.8m | $9.9m | $17.0m | $14.4m | — | |
| Stock-based compensation | $16.9m | $20.8m | $20.2m | $10.0m | $12.8m | $9.9m | $17.9m | $25.5m | $40.3m | $34.5m | $35.9m | |
| Goodwill, Impairment Loss | — | — | — | $0 | — | $0 | $0 | — | — | — | $0 | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Other Nonoperating Income (Expense) | $10.4m | ($2.1m) | $751k | $1.0m | — | $243k | ($6.6m) | ($6.7m) | ($7.2m) | ($10.1m) | — | |
| Nonoperating Income (Expense) | — | $12.8m | $15.8m | $11.7m | — | $4.4m | $10.2m | $21.6m | $29.2m | $16.6m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($164.8m) | ($147.9m) | ($114.6m) | ($35.8m) | ($114.9m) | |
| Increase (Decrease) in Accounts Receivable | ($2.7m) | $33.1m | $30.8m | $195.8m | — | $40.7m | $173.7m | $142.4m | $117.8m | $842k | ($191.0m) | |
| Accounts receivable, net | $2.7m | ($33.1m) | ($30.8m) | ($195.8m) | ($41.8m) | ($40.7m) | ($173.7m) | ($142.4m) | ($117.8m) | ($842k) | ($191.0m) | |
| Change In Receivables | — | — | — | — | — | — | ($173.7m) | ($142.4m) | ($117.8m) | ($842k) | ($191.0m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($173.7m) | ($142.4m) | ($117.8m) | ($842k) | ($191.0m) | |
| Other current assets and inventories | ($13.8m) | ($13.2m) | ($15.8m) | ($7.0m) | $27.3m | ($12.3m) | ($41.3m) | $3.1m | $4.3m | ($8.2m) | — | |
| Increase (Decrease) in Accounts Payable | $15.1m | $977k | $20.1m | ($2.1m) | $43.7m | ($4.9m) | $49.4m | $7.0m | ($16.8m) | $223.2m | $351.7m | |
| Purchases of capital assets included in accounts payable or other accrued liabilities at period end | $7.2m | $22.0m | $6.8m | $8.8m | $6.6m | $6.7m | $8.3m | $7.3m | $16.1m | $6.8m | — | |
| Deferred financing costs included in accounts payable or other accrued liabilities at period end | — | — | — | — | — | — | — | $0 | $0 | $2.9m | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $39.4m | ($17.9m) | ($37.8m) | $181.5m | $351.7m | |
| Accrued liabilities, insurance claims, operating lease liabilities, and other liabilities | $15.9m | ($1.4m) | $23.9m | ($39.1m) | $13.6m | ($49.7m) | ($10.0m) | ($24.9m) | ($21.0m) | ($41.7m) | ($42.1m) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($10.0m) | ($24.9m) | ($21.0m) | ($41.7m) | ($42.1m) | |
| Other assets | ($2.9m) | $2.1m | ($25.1m) | $41.1m | $9.2m | $2.2m | $5.7m | $408k | ($21.0m) | ($50.2m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($35.6m) | $3.5m | ($16.7m) | ($58.4m) | ($60.2m) | |
| Net Cash Provided by (Used in) Operating Activities | $261.5m |
$256.4m
-1.93%
|
$124.4m
-51.47%
|
$58.0m
-53.39%
|
$381.8m
+558.25%
|
$308.7m
-19.15%
|
$164.8m
-46.61%
|
$259.0m
+57.16%
|
$349.1m
+34.80%
|
$642.5m
+84.05%
|
$671.9m
+4.57%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $9.8m | $14.9m | $19.4m | $14.9m | — | $4.2m | $16.8m | $28.3m | $36.5m | $26.7m | ($11.7m) | |
| Payments to Acquire Property, Plant, and Equipment | $186.0m | $201.2m | $165.0m | $120.6m | ($58.0m) | $157.0m | $201.0m | $218.5m | $250.5m | $240.8m | ($231.6m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($201.0m) | ($218.5m) | ($250.5m) | ($240.8m) | ($231.6m) | |
| Cash paid for acquisitions, net of cash acquired | ($157.2m) | ($26.1m) | ($20.9m) | $0 | $0 | $0 | ($350k) | ($122.9m) | ($183.9m) | ($1.6b) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $157.2m | $26.1m | $20.9m | $0 | — | — | $350k | $122.9m | $183.9m | $1.6b | ($1.6b) | |
| Common stock issued for acquisitions | — | — | — | — | — | — | — | $0 | $0 | $351.0m | — | |
| Payments for (Proceeds from) Other Investing Activities | $0 | $0 | ($1.6m) | ($306k) | — | $0 | — | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $17.4m | $35.2m | $39.1m | $33.6m | $25.5m | |
| Net Cash Provided by (Used in) Investing Activities | ($333.1m) | ($209.1m) | ($161.4m) | ($101.2m) | ($44.6m) | ($151.7m) | ($183.9m) | ($306.2m) | ($395.2m) | ($1.8b) | ($1.8b) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($16.3m) | $0 | $0 | ($76k) | ($12.0m) | ($62k) | $0 | $0 | ($965k) | ($7.3m) | — | |
| Loss on debt extinguishment | $16.3m | $0 | $0 | $76k | ($12.0m) | $62k | $0 | $0 | $965k | $7.3m | — | |
| Provision for (recovery of) bad debt, net | $1.3m | $199k | $17.1m | ($6.5m) | $406k | $2.9m | $2.6m | $274k | ($1.2m) | $1.6m | — | |
| Proceeds from borrowings on senior credit agreement, including term loans | $1.3b | $707.0m | $423.2m | $475.0m | $1.1b | $95.0m | $0 | $763.0m | $987.4m | $3.0b | — | |
| Proceeds from borrowings on senior secured bridge loan | — | — | — | $0 | $0 | $500.0m | $0 | $0 | $0 | $600.0m | — | |
| Debt issuance costs | ($16.4m) | ($70k) | ($7.3m) | $0 | $0 | ($11.6m) | $0 | $0 | ($6.7m) | ($33.9m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $763.0m | $987.4m | $3.6b | $3.3b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $763.0m | $987.4m | $3.6b | $3.3b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($17.5m) | ($17.5m) | $135.0m | $1.9b | $1.8b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($17.5m) | ($17.5m) | $135.0m | $1.9b | $1.8b | |
| Repayments of Long-term Debt | $277.5m | $0 | $0 | — | — | — | — | — | — | — | ($1.5b) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($17.5m) | ($780.5m) | ($852.4m) | ($1.7b) | ($1.5b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($17.5m) | ($780.5m) | ($852.4m) | ($1.7b) | ($1.5b) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($48.7m) | ($49.7m) | ($65.6m) | ($30.2m) | ($36.0m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($48.7m) | ($49.7m) | ($65.6m) | ($30.2m) | ($36.0m) | |
| Payments for Repurchase of Common Stock | $170.0m | $62.9m | $0 | $0 | $100.0m | $106.1m | $48.7m | $49.7m | $65.6m | $30.2m | — | |
| Repurchase of common stock | ($170.0m) | ($62.9m) | $0 | $0 | ($100.0m) | ($106.1m) | ($48.7m) | ($49.7m) | ($65.6m) | ($30.2m) | — | |
| Common Stock Payments | — | — | — | — | — | — | ($48.7m) | ($49.7m) | ($65.6m) | ($30.2m) | ($36.0m) | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($5.8m) | ($9.9m) | ($23.7m) | ($48.3m) | ($64.8m) | |
| Net Cash Provided by (Used in) Financing Activities | $84.1m |
($42.5m)
-150.48%
|
$80.9m
+290.41%
|
($31.1m)
-138.40%
|
($383.4m)
-1134.61%
|
$142.0m
+137.04%
|
($67.4m)
-147.48%
|
($75.9m)
-12.59%
|
$37.7m
+149.64%
|
$1.8b
+4701.87%
|
$1.7b
-6.15%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | — | $5.2m | $44.0m | ($74.3m) | ($46.3m) | $299.0m | ($86.6m) | ($123.1m) | ($8.4m) | $616.4m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $312.6m | $226.0m | $102.9m | $94.5m | $17.8m | |
| Cash, cash equivalents and restricted cash at beginning of period (Note 8) | $38.8m | $44.0m | $134.2m | $59.9m | $13.6m | $312.6m | $226.0m | $102.9m | $94.5m | $710.9m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $5.2m | $134.2m | $59.9m | ($46.3m) | $312.6m | $226.0m | $102.9m | $94.5m | $710.9m | $540.5m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Income Tax Expense (Benefit) | $77.6m | $93.2m | $25.1m | $21.3m | ($28.2m) | $4.2m | $37.9m | $73.1m | $74.4m | $86.7m | — | |
| Additional Financial Items | ||||||||||||
| General and Administrative Expense | $217.1m | $239.2m | $269.1m | $254.6m | — | $262.4m | $293.5m | $327.7m | $393.0m | $445.5m | — | |
| Goodwill | $310.2m | $321.7m | $325.7m | $325.7m | — | $272.5m | $272.5m | $312.0m | $330.3m | $1.4b | $0 | |
| Operating Expenses | — | — | — | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Warrants | — | — | $0 | $301k | — | $693k | $0 | $0 | — | — | — | |
| Proceeds from Contributed Capital | — | — | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $2.7m | $1.4m | $871k | $503k | — | $2.3m | $4.6m | $1.1m | $10.6m | $3.9m | — | |
| Non-cash lease expense | — | $0 | $0 | $30.0m | $31.8m | $31.8m | $32.1m | $35.2m | $41.0m | $53.7m | — | |
| Gain on sale of fixed assets | ($9.8m) | ($14.9m) | ($19.4m) | ($14.9m) | ($10.0m) | ($4.2m) | ($16.8m) | ($28.3m) | ($36.5m) | ($26.7m) | — | |
| Contract assets/liabilities, net | ($71.0m) | ($27.8m) | ($149.8m) | ($35.9m) | $53.7m | $177.0m | ($18.4m) | $23.0m | $31.2m | ($111.3m) | — | |
| Income taxes receivable/payable | $20.1m | ($13.2m) | $10.4m | ($84k) | $7.5m | ($17.2m) | $23.5m | ($14.2m) | $26.5m | ($46.8m) | — | |
| Proceeds from sale of assets | $10.5m | $16.0m | $22.9m | $19.0m | $13.4m | $5.4m | $17.4m | $35.2m | $39.1m | $33.6m | — | |
| Principal payments on senior credit agreement, including term loans | ($1.2b) | ($685.6m) | ($331.2m) | ($480.6m) | ($973.5m) | ($271.9m) | ($17.5m) | ($780.5m) | ($852.4m) | ($1.1b) | — | |
| Principal payments on senior secured bridge loan | — | — | — | — | — | — | — | $0 | $0 | ($600.0m) | — | |
| Exercise of stock options | $2.7m | $1.4m | $871k | $503k | $5.7m | $2.3m | $4.6m | $1.1m | ($8.0m) | ($1.9m) | — | |
| Restricted stock tax withholdings | ($12.6m) | ($10.8m) | ($4.7m) | ($1.7m) | ($728k) | ($6.6m) | ($5.8m) | ($9.9m) | ($17.0m) | ($14.4m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($67.4m) | ($75.9m) | $37.7m | $1.8b | $1.7b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($183.9m) | ($306.2m) | ($395.2m) | ($1.8b) | ($1.8b) | |
| Change In Account Payable | — | — | — | — | — | — | $49.4m | $7.0m | ($16.8m) | $223.2m | $351.7m | |
| Change In Other Working Capital | — | — | — | — | — | — | $5.1m | $8.8m | $57.7m | ($158.0m) | ($173.2m) | |
| Change In Payable | — | — | — | — | — | — | $49.4m | $7.0m | ($16.8m) | $223.2m | $351.7m | |
| Changes In Cash | — | — | — | — | — | — | ($86.6m) | ($123.1m) | ($8.4m) | $616.4m | $522.7m | |
| End Cash Position | — | — | — | — | — | — | $226.0m | $102.9m | $94.5m | $710.9m | $540.5m | |
| Financing Cash Flow | — | — | — | — | — | — | ($67.4m) |
($75.9m)
-12.59%
|
$37.7m
+149.64%
|
$1.8b
+4701.87%
|
$1.7b
-6.15%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($36.2m) | $40.5m | $98.6m | $401.7m | $440.3m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($16.8m) | ($28.3m) | ($36.5m) | ($26.7m) | ($18.9m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($183.9m) | ($306.2m) | ($395.2m) | ($1.8b) | ($1.8b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($350k) | ($122.9m) | ($183.9m) | ($1.6b) | ($1.6b) | |
| Operating Gains Losses | — | — | — | — | — | — | ($16.8m) | ($28.3m) | ($35.5m) | ($19.4m) | ($11.7m) | |
| Other Non Cash Items | — | — | — | — | — | — | $34.9m | $38.2m | $45.5m | $57.9m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $4.6m | $1.1m | ($8.0m) | ($1.9m) | ($1.9m) | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $2.6m | $274k | ($1.2m) | $1.6m | $2.1m | |
| Purchase Of Business | — | — | — | — | — | — | ($350k) | ($122.9m) | ($183.9m) | ($1.6b) | ($1.6b) | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($86.6m) | ($123.1m) | ($8.4m) | $616.4m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $15.9m | $16.5m | $22.3m | $26.7m | $20.7m | $22.1m | $37.9m | $50.7m | $57.9m | $62.3m | — | |
| Income Taxes Paid, Net | $31.2m | $88.1m | $6.4m | $12.0m | $45.3m | $8.6m | $6.9m | $96.6m | $61.5m | $84.1m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.