← Limbach Holdings, Inc.
| Annual Trend | FY 2015 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | ($340k) | $712k | ($1.8m) | ($1.8m) | $5.8m | $6.7m | $6.8m | $20.8m | $30.9m | $39.1m | $30.2m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($340k) |
($944k)
-177.97%
|
($4.0m)
-318.54%
|
($1.8m)
+55.07%
|
$5.8m
+427.15%
|
$6.7m
+15.62%
|
$6.8m
+1.27%
|
$20.8m
+205.25%
|
$30.9m
+48.77%
|
$39.1m
+26.52%
|
— | |
| Depreciation, Depletion and Amortization | $2.6m | $9.1m | $5.7m | $6.3m | $6.2m | $5.9m | $8.2m | $8.2m | $11.9m | $18.1m | $18.9m | |
| Amortization of Debt Issuance Costs | $0 | $181k | $373k | $1.4m | $2.2m | $280k | $138k | $79k | $43k | $54k | — | |
| Amortization of Intangible Assets | — | $3.6m | $1.3m | $642k | $630k | $484k | $1.6m | $1.9m | $4.7m | $8.4m | — | |
| Depreciation | $2.6m | $9.1m | $4.4m | $5.6m | $5.5m | $5.5m | $6.6m | $6.4m | $7.2m | $9.8m | $9.8m | |
| Amortization Cash Flow | — | — | — | — | — | — | $1.6m | $1.9m | $4.7m | $8.4m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $1.6m | $1.9m | $4.7m | $8.4m | $8.4m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $8.2m | $8.2m | $11.9m | $18.1m | $18.9m | |
| Deferred Income Tax Expense (Benefit) | $0 | $603k | ($745k) | ($609k) | ($1.3m) | $1.8m | ($499k) | ($350k) | ($352k) | $2.6m | $665k | |
| Deferred Tax | — | — | — | — | — | — | ($499k) | ($350k) | ($352k) | $2.6m | $665k | |
| Share-based Payment Arrangement, Noncash Expense | — | $1.7m | $2.2m | $1.8m | $1.1m | $2.6m | $2.7m | $4.9m | $5.8m | $7.0m | $7.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $104k | $211k | $131k | $216k | $459k | $417k | $847k | $5.2m | $10.7m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | $2.6m | — | — | — | — | $7.7m | |
| Non-cash stock-based compensation expense | $0 | $1.7m | $2.2m | $1.8m | $1.1m | $2.6m | $2.7m | $4.9m | $5.8m | $7.0m | — | |
| Goodwill, Impairment Loss | — | — | — | $4.4m | $0 | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $2k | — | — | — | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | $2.2m | $3.5m | $10.1m | — | — | $2.4m | $1.2m | $1.3m | ($825k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $10.9m | $19.6m | ($16.4m) | ($24.6m) | ($5.6m) | |
| Increase (Decrease) in Accounts Receivable | — | $15.6m | $6.4m | ($659k) | ($19.2m) | ($3.4m) | $35.4m | ($32.6m) | $11.3m | ($4.5m) | $8.4m | |
| Change In Receivables | — | — | — | — | — | — | ($13.0m) | $32.7m | ($11.3m) | $4.5m | $8.4m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($35.4m) | $32.6m | ($11.3m) | $4.5m | $8.4m | |
| Accounts receivable | ($11.5m) | ($15.6m) | ($6.4m) | $659k | $19.2m | $3.4m | ($35.4m) | $32.6m | ($11.3m) | $4.5m | $8.4m | |
| Increase (Decrease) in Accounts Payable | — | — | — | $11.9m | ($19.5m) | ($5.6m) | $11.3m | ($10.9m) | ($10.3m) | $5.3m | $16.8m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $9.7m | ($9.5m) | ($6.2m) | ($3.9m) | $16.8m | |
| Accounts payable, including retainage | — | — | $6.9m | $11.9m | ($19.5m) | ($5.6m) | $11.3m | ($10.9m) | ($10.3m) | $5.3m | $16.8m | |
| Change In Accrued Expense | — | — | — | — | — | — | ($2.9m) | $2.9m | $3.1m | ($8.9m) | $1.6m | |
| Accrued expenses and other current liabilities | $6.6m | ($2.8m) | $29.5m | ($34.7m) | $4.7m | ($706k) | ($2.9m) | $2.9m | $3.1m | ($8.9m) | — | |
| Change In Other Current Assets | ($50k) | $698k | ($31.2m) | $30.1m | ($115k) | ($555k) | $1.1m | ($1.5m) | ($499k) | $3.2m | ($3.2m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($4.2m) | ($3.4m) | ($4.0m) | ($3.6m) | ($4.1m) | |
| Net Cash Provided by (Used in) Operating Activities | $606k |
($4.1m)
-770.79%
|
$25.3m
+722.93%
|
($926k)
-103.66%
|
$39.8m
+4399.68%
|
($24.2m)
-160.86%
|
$35.4m
+245.97%
|
$57.4m
+62.17%
|
$36.8m
-35.88%
|
$45.7m
+24.24%
|
$52.4m
+14.63%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $73k | ($121k) | $90k | $57k | $95k | $2k | $281k | $80k | $950k | $1.7m | ($1.3m) | |
| Payments to Acquire Property, Plant, and Equipment | $1.5m | $3.3m | $3.9m | $2.7m | $1.5m | $791k | $993k | $2.3m | $7.5m | $3.8m | ($1.8m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $0 | — | — | — | $19.0m | $0 | — | — | — | ($65.7m) | |
| Net Other Investing Changes | — | — | — | — | — | ($2k) | — | — | $7k | — | ($11k) | |
| Net Cash Provided by (Used in) Investing Activities | ($51k) | ($3.2m) | ($3.7m) | ($2.5m) | ($1.3m) | ($19.3m) | ($495k) | ($17.1m) | ($42.6m) | ($67.6m) | ($66.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $0 | $0 | ($335k) | ($513k) | $0 | ($2.0m) | $0 | ($311k) | $0 | $0 | — | |
| Loss on early debt extinguishment | $0 | $0 | $335k | $513k | $0 | $2.0m | $0 | $311k | $0 | $0 | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $10.0m | — | — | — | — | — | — | — | $174.5m | |
| Issuance Of Debt | — | — | — | — | — | — | $20.6m | $10.0m | $0 | $73.8m | $174.5m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $20.6m | $10.0m | $0 | $73.8m | $174.5m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($10.8m) | ($14.2m) | ($3.0m) | ($4.4m) | $2.4m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($10.8m) | ($14.2m) | ($3.0m) | ($4.4m) | $2.4m | |
| Payments of debt issuance costs | $0 | $0 | ($765k) | ($3.8m) | $0 | ($643k) | ($433k) | ($50k) | $0 | ($168k) | — | |
| Repayments of Long-term Debt | — | — | $2.3m | — | — | — | — | — | — | — | ($172.1m) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($31.4m) | ($24.2m) | ($3.0m) | ($78.2m) | ($172.1m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($31.4m) | ($24.2m) | ($3.0m) | ($78.2m) | ($172.1m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $0 | $0 | $0 | $6.3m | $5.9m | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | ($2.0m) | $0 | $0 | — | $0 | |
| Proceeds from Issuance of Common Stock | $0 | $0 | — | — | — | $22.8m | $0 | — | — | — | $5.9m | |
| Common Stock Issuance | — | — | — | — | — | — | $0 | $0 | $0 | $6.3m | $5.9m | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $2.0m | $0 | $0 | — | — | |
| Common Stock Payments | — | — | — | — | — | $0 | ($2.0m) | $0 | $0 | — | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | ($850k) | ($2.7m) | ($6.5m) | ($14.3m) | ($16.8m) | |
| Net Cash Provided by (Used in) Financing Activities | $0 | $519k |
($20.6m)
-4078.61%
|
$10.1m
+149.12%
|
($4.7m)
-146.23%
|
$15.9m
+438.35%
|
($13.4m)
-184.17%
|
($16.5m)
-23.49%
|
($9.1m)
+44.71%
|
($11.7m)
-28.32%
|
($7.7m)
+34.20%
|
|
| (Decrease) increase in cash, cash equivalents and restricted cash | — | — | $993k | $6.7m | $33.8m | ($27.7m) | $21.5m | $23.8m | ($14.9m) | ($33.6m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $993k | $6.7m | $33.8m | ($27.7m) | $21.5m | $23.8m | ($14.9m) | ($33.6m) | $17.6m | |
| Beginning Cash Position | — | — | — | — | — | — | $14.6m | $36.1m | $59.9m | $45.0m | $39.0m | |
| Cash, cash equivalents and restricted cash, beginning of year | — | — | $1.7m | $8.5m | $42.3m | $14.6m | $36.1m | $59.9m | $45.0m | $11.4m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $993k | $8.5m | $42.3m | $14.6m | $36.1m | $59.9m | $45.0m | $11.4m | $17.6m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Income Tax Expense (Benefit) | — | $3.2m | ($635k) | ($282k) | $1.2m | $2.8m | $2.8m | $7.3m | $9.1m | $9.6m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $1.9m | $3.1m | — | |
| Operating lease liabilities | — | — | — | ($3.7m) | ($4.3m) | ($4.1m) | ($4.1m) | ($3.8m) | ($2.2m) | ($4.0m) | — | |
| Right of use assets obtained in exchange for new operating lease liabilities | — | — | — | $3.4m | $1.1m | $5.4m | $0 | $3.1m | $4.8m | $2.4m | — | |
| Right of use assets disposed or adjusted modifying operating leases liabilities | — | — | — | $1.7m | $621k | $219k | $2.5m | $1.1m | $1.3m | $0 | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Sale of Derivatives | — | — | — | $388k | $0 | — | — | — | — | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | ($849k) | $0 | $0 | — | — | |
| General and Administrative Expense | $391k | — | — | — | — | — | — | — | — | — | — | |
| Goodwill | — | $10.5m | $10.5m | $6.1m | $6.1m | $11.4m | $11.4m | $16.4m | $33.0m | $70.6m | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | $1.2m | $2.2m | $815k | — | |
| Operating Expenses | $0 | $59.6m | $58.4m | $63.8m | $64.2m | $71.9m | $81.7m | $90.0m | $105.7m | $119.9m | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | $310k | ($124k) | $34k | ($191k) | — | |
| Operating Cash Flow | $606k |
($4.1m)
-770.79%
|
$25.3m
+722.93%
|
($926k)
-103.66%
|
$39.8m
+4399.68%
|
($24.2m)
-160.86%
|
$35.4m
+245.97%
|
$57.4m
+62.17%
|
$36.8m
-35.88%
|
$45.7m
+24.24%
|
$52.4m
+14.63%
|
|
| Cash Flow From Continuing Operating Activities | $606k | ($4.1m) | $25.3m | ($926k) | $39.8m | ($24.2m) | $35.4m | $57.4m | $36.8m | $45.7m | $52.4m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($13.4m) | ($16.5m) | ($9.1m) | ($11.7m) | ($7.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($495k) | ($17.1m) | ($42.6m) | ($67.6m) | ($66.1m) | |
| Change In Account Payable | — | — | — | — | — | — | $11.3m | ($10.9m) | ($10.3m) | $5.3m | $16.8m | |
| Change In Income Tax Payable | — | — | $0 | $12k | $1.7m | ($1.2m) | $1.4m | ($1.4m) | $1.0m | ($318k) | $0 | |
| Change In Other Working Capital | — | — | — | — | — | — | $17.3m | $1.3m | $5.6m | ($24.8m) | ($19.7m) | |
| Change In Payable | — | — | — | — | — | — | $12.7m | ($12.4m) | ($9.3m) | $5.0m | $16.8m | |
| Change In Tax Payable | — | — | — | — | — | — | $1.4m | ($1.4m) | $1.0m | ($318k) | $0 | |
| Changes In Cash | — | — | — | — | — | — | $21.5m | $23.8m | ($14.9m) | ($33.6m) | ($21.4m) | |
| End Cash Position | — | — | — | — | — | — | $36.1m | $59.9m | $45.0m | $11.4m | $17.6m | |
| Financing Cash Flow | — | — | — | — | — | — | ($13.4m) |
($16.5m)
-23.49%
|
($9.1m)
+44.71%
|
($11.7m)
-28.32%
|
($7.7m)
+34.20%
|
|
| Free Cash Flow | — | — | — | — | — | — | $34.4m | $55.1m | $29.3m | $41.9m | $50.6m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($310k) | $124k | ($34k) | $191k | ($22k) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($281k) | ($80k) | ($950k) | ($1.7m) | ($1.3m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($495k) | ($17.1m) | ($42.6m) | ($67.6m) | ($66.1m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($15.3m) | ($36.6m) | ($65.7m) | ($65.7m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($495k) | ($1.8m) | ($6.0m) | ($1.9m) | ($449k) | |
| Operating Gains Losses | — | — | — | — | — | — | ($591k) | $355k | ($984k) | ($1.5m) | ($1.3m) | |
| Other Non Cash Items | — | — | — | — | — | — | $7.5m | $3.4m | $5.8m | $4.6m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $309k | $368k | $440k | $653k | $733k | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $292k | $431k | $201k | $404k | $489k | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($15.3m) | ($36.6m) | ($65.7m) | ($65.7m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($993k) | ($2.3m) | ($7.5m) | ($3.8m) | ($1.8m) | |
| Sale Of PPE | — | — | — | — | — | — | $498k | $435k | $1.5m | $1.9m | $1.3m | |
| Stock Based Compensation | — | — | — | — | — | — | $2.7m | $4.9m | $5.8m | $7.0m | $7.7m | |
| Provision for credit losses | ($41k) | $259k | $64k | $95k | $100k | $198k | $292k | $431k | $201k | $404k | — | |
| Loss (gain) on change in fair value of interest rate swap | — | — | — | — | — | $0 | ($310k) | $124k | ($34k) | $191k | — | |
| Acquisition-related retention expense and contingent consideration | — | — | — | — | — | $0 | $2.3m | $729k | $3.8m | $2.0m | — | |
| Contract assets and contract liabilities, net | — | — | — | — | — | — | — | $1.3m | $5.6m | ($24.8m) | — | |
| Income tax receivable | — | $2.2m | ($2.8m) | $58k | $494k | ($114k) | $19k | $95k | $0 | $0 | — | |
| Payment of contingent consideration liability in excess of acquisition-date fair value | — | — | — | — | — | — | $0 | ($1.2m) | ($3.9m) | ($1.5m) | — | |
| Other long-term liabilities | ($651k) | $44k | $653k | ($337k) | $3.8m | ($3.7m) | ($108k) | $401k | ($141k) | $409k | — | |
| Net of cash acquired | $0 | $0 | — | — | $0 | ($19.0m) | $0 | ($15.3m) | ($36.6m) | ($65.7m) | — | |
| Advances from joint ventures | — | — | — | — | — | — | $0 | $0 | $7k | $0 | — | |
| Payments on Wintrust Term Loans | — | — | — | $0 | ($2.0m) | ($44.1m) | ($13.4m) | ($21.5m) | $0 | $0 | — | |
| Proceeds from Wintrust Revolving Loan | — | — | $0 | $32.5m | $7.2m | $0 | $15.2m | $10.0m | $0 | $73.8m | — | |
| Payments on Wintrust Revolving Loan | — | — | $0 | ($32.5m) | ($7.2m) | $0 | ($15.2m) | $0 | $0 | ($73.8m) | — | |
| Payment of contingent consideration liability up to acquisition-date fair value | — | — | — | — | $0 | ($1.4m) | $0 | ($1.8m) | ($1.3m) | ($3.5m) | — | |
| Payments on finance leases | — | — | ($1.9m) | ($2.5m) | ($2.7m) | ($2.6m) | ($2.7m) | ($2.7m) | ($3.0m) | ($4.4m) | — | |
| Proceeds from contributions to employee stock purchase plan | — | — | — | $0 | $191k | $323k | $309k | $368k | $440k | $653k | — | |
| Proceeds from the sale of shares to cover employee taxes | — | — | — | — | — | — | — | $0 | $0 | $6.3m | — | |
| Measurement period adjustment | — | — | — | — | — | — | — | $0 | $0 | ($94k) | — | |
| Earnout liability transactions | — | — | — | — | $0 | $3.1m | $0 | $4.7m | $5.1m | $0 | — | |
| Right of use assets obtained in exchange for new finance lease liabilities | — | — | — | $3.6m | $2.6m | $1.3m | $2.6m | $5.2m | $7.6m | $13.5m | — | |
| Right of use assets disposed or adjusted modifying finance leases liabilities | — | — | — | ($78k) | ($86k) | $0 | ($77k) | ($93k) | $0 | $49k | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $21.5m | $23.8m | ($14.9m) | ($33.6m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $527k | $1.9m | $2.7m | $4.6m | $6.5m | $2.5m | $2.0m | $1.9m | $1.9m | $3.1m | — | |
| Income Taxes Paid, Net | — | ($104k) | ($211k) | ($131k) | $734k | $2.3m | $2.0m | $9.2m | $8.5m | $7.3m | — |