2021 Q4 Form 10-K Financial Statement

#000070092322000007 Filed on February 23, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $646.0M $2.498B $608.0M
YoY Change 6.26% 11.16% 6.46%
Cost Of Revenue $563.0M $2.173B $531.5M
YoY Change 5.92% 10.23% 5.83%
Gross Profit $83.08M $325.0M $76.44M
YoY Change 8.68% 17.81% 10.91%
Gross Profit Margin 12.86% 13.01% 12.57%
Selling, General & Admin $52.60M $207.2M $50.80M
YoY Change 3.54% 9.9% 5.61%
% of Gross Profit 63.31% 63.76% 66.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.59M $46.21M $11.50M
YoY Change 0.76% -0.53% 0.88%
% of Gross Profit 13.95% 14.22% 15.04%
Operating Expenses $53.18M $207.2M $51.40M
YoY Change 3.46% 9.9% 4.9%
Operating Profit $29.91M $118.6M $25.04M
YoY Change 19.42% 36.99% 25.71%
Interest Expense -$322.0K $1.799M -$600.0K
YoY Change -46.33% -60.57% -64.71%
% of Operating Profit -1.08% 1.52% -2.4%
Other Income/Expense, Net -$715.0K -$525.0K -$100.0K
YoY Change 615.0% -13.37% -88.89%
Pretax Income $29.50M $116.3M $25.20M
YoY Change 17.04% 42.91% 38.46%
Income Tax $8.807M $31.30M $7.000M
% Of Pretax Income 29.86% 26.91% 27.78%
Net Earnings $20.69M $85.01M $18.15M
YoY Change 14.01% 44.68% 42.07%
Net Earnings / Revenue 3.2% 3.4% 2.99%
Basic Earnings Per Share $5.05 $1.09
Diluted Earnings Per Share $1.200M $4.95 $1.07
COMMON SHARES
Basic Shares Outstanding 16.87M shares 16.84M shares 16.73M shares
Diluted Shares Outstanding 17.16M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.09M $82.09M $22.70M
YoY Change 261.64% 261.64% 83.06%
Cash & Equivalents $82.09M $82.09M $22.67M
Short-Term Investments
Other Short-Term Assets $45.56M $45.56M $577.0K
YoY Change 7796.71% 57.66% -95.5%
Inventory
Prepaid Expenses $44.68M $28.31M
Receivables $375.4M $597.5M $385.9M
Other Receivables $20.31M $23.27M $13.40M
Total Short-Term Assets $748.4M $748.4M $636.7M
YoY Change 17.54% 17.54% -0.39%
LONG-TERM ASSETS
Property, Plant & Equipment $217.1M $217.1M $207.4M
YoY Change 4.66% 4.66% 11.9%
Goodwill $66.07M $66.07M
YoY Change 0.0% 0.01%
Intangibles $49.05M $51.37M
YoY Change -4.5% -6.51%
Long-Term Investments $3.978M $3.978M $3.000M
YoY Change 32.6% 32.6% -36.17%
Other Assets $4.099M $4.099M $4.257M
YoY Change -3.71% -4.67% 15.46%
Total Long-Term Assets $372.7M $372.7M $359.2M
YoY Change 3.77% 3.76% -2.58%
TOTAL ASSETS
Total Short-Term Assets $748.4M $748.4M $636.7M
Total Long-Term Assets $372.7M $372.7M $359.2M
Total Assets $1.121B $1.121B $995.9M
YoY Change 12.58% 12.57% -1.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.7M $200.7M $162.6M
YoY Change 23.47% 23.46% -15.37%
Accrued Expenses $32.01M $83.10M $31.00M
YoY Change 3.25% 4.79% 24.0%
Deferred Revenue $167.9M $158.4M
YoY Change 6.02% 50.16%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.039M $1.039M $4.381M
YoY Change -76.28% -77.89% -49.86%
Total Short-Term Liabilities $498.6M $498.6M $443.4M
YoY Change 12.45% 12.45% 11.74%
LONG-TERM LIABILITIES
Long-Term Debt $3.464M $3.464M $25.04M
YoY Change -86.17% -86.14% -84.06%
Other Long-Term Liabilities $11.26M $75.31M $18.63M
YoY Change -39.56% -5.63% 463.89%
Total Long-Term Liabilities $14.73M $78.77M $43.67M
YoY Change -66.28% -24.84% -72.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $498.6M $498.6M $443.4M
Total Long-Term Liabilities $14.73M $78.77M $43.67M
Total Liabilities $602.0M $602.0M $566.6M
YoY Change 6.25% 6.25% -11.94%
SHAREHOLDERS EQUITY
Retained Earnings $355.0M $270.5M
YoY Change 31.25% 27.45%
Common Stock $163.9M $158.8M
YoY Change 3.24% 3.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $519.1M $519.1M $429.3M
YoY Change
Total Liabilities & Shareholders Equity $1.121B $1.121B $995.9M
YoY Change 12.58% 12.57% -1.19%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $20.69M $85.01M $18.15M
YoY Change 14.01% 44.68% 42.07%
Depreciation, Depletion And Amortization $11.59M $46.21M $11.50M
YoY Change 0.76% -0.53% 0.88%
Cash From Operating Activities $29.01M $137.2M $46.60M
YoY Change -37.74% -21.66% 40.36%
INVESTING ACTIVITIES
Capital Expenditures -$19.66M $52.36M -$16.90M
YoY Change 16.33% 18.05% -8.15%
Acquisitions $0.00
YoY Change
Other Investing Activities $573.0K $3.062M $1.300M
YoY Change -55.92% -9.94% 18.18%
Cash From Investing Activities -$19.09M -$49.30M -$15.60M
YoY Change 22.35% 20.46% -9.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.352M
YoY Change 414.11%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -492.0K -$28.10M -27.70M
YoY Change -98.22% -77.4% 119.84%
NET CHANGE
Cash From Operating Activities 29.01M $137.2M 46.60M
Cash From Investing Activities -19.09M -$49.30M -15.60M
Cash From Financing Activities -492.0K -$28.10M -27.70M
Net Change In Cash 9.434M $59.42M 3.300M
YoY Change 185.88% 478.56% 0.0%
FREE CASH FLOW
Cash From Operating Activities $29.01M $137.2M $46.60M
Capital Expenditures -$19.66M $52.36M -$16.90M
Free Cash Flow $48.67M $84.87M $63.50M
YoY Change -23.35% -35.12% 23.06%

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CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2019 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2021 us-gaap Number Of Reportable Segments
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0.10
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CY2021 us-gaap Use Of Estimates
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<div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the period reported. Actual results could differ from those estimates.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The most significant estimates are related to estimates of costs to complete on contracts, pending change orders and claims, shared savings, insurance reserves, income tax reserves, estimates surrounding stock-based compensation, the recoverability of goodwill and intangibles and allowance for doubtful accounts. The Company estimates a cost accrual every period that represents costs incurred but not invoiced for services performed or goods delivered during the period, and estimates revenue from the contract cost portion of these accruals based on current gross margin rates to be consistent with its cost method of revenue recognition.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2021 and 2020, the Company recognized revenues of $2.4 million and $14.7 million, respectively, related to significant change orders and/or claims that had been included as contract price adjustments on certain contracts, some of which are multi-year projects. These change orders and/or claims are in the process of being negotiated in the normal course of business, and a portion of these recognized revenues had been included in multiple periods. These aggregate amounts, which were included in “Contract assets” in the accompanying consolidated balance sheets, represent the Company’s estimates of additional contract revenues that were earned and probable of collection, however, the amount ultimately realized could be significantly higher or lower than the estimated amount.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The cost-to-cost method of accounting requires the Company to make estimates about the expected revenue and gross profit on each of its contracts in process. During the year ended December 31, 2021, changes in estimates pertaining to certain projects increased consolidated gross margin by 0.4%, which resulted in increases in operating income of $9.2 million, net income of $6.6 million and diluted earnings per common share attributable to MYR Group Inc. of $0.39. The estimates are reviewed and revised quarterly, as needed. </span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the year ended December 31, 2020, changes in estimates pertaining to certain projects decreased consolidated gross margin by 0.8%, which resulted in decreases in operating income of $18.0 million, net income of $12.8 million and diluted earnings per common share attributable to MYR Group Inc. of $0.76. </span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the year ended December 31, 2019, changes in estimates pertaining to certain projects decreased consolidated gross margin by 0.8%, which resulted in decreases in operating income of $11.7 million, net income attributable to MYR Group Inc. of $7.5 million and diluted earnings per common share attributable to MYR Group Inc. of $0.45.</span></div>
CY2021 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
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2400000 USD
CY2020 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
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14700000 USD
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800000 USD
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700000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
800000 USD
CY2021 myrg Lessee Operating And Finance Leases Option To Extend Term
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P5Y
CY2021 myrg Lessee Operating And Finance Leases Option To Terminate Period
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P1Y
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains substantially all of its cash and cash equivalent balances with large financial institutions which are believed to be high quality institutions.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to a concentration of risk because it derives a significant portion of its revenues from a few customers. The Company’s top ten customers accounted for approximately 34.9%, 32.7%, and 30.8% of consolidated revenues for the years ended December 31, 2021, 2020 and 2019, respectively. For the years ended December 31, 2021, 2020 and 2019, no single customer accounted for more than 10.0% of annual revenues.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company grants trade credit under contractual payment terms, generally without collateral, to its customers, which include high credit quality electric utilities, governmental entities, general contractors and builders, owners and managers of commercial and industrial properties. Consequently, the Company is subject to potential credit risk related to changes in business and economic factors. However, the Company generally has certain statutory lien rights with respect to services provided. Under certain circumstances such as foreclosures or negotiated settlements, the Company may take title to the underlying assets in lieu of cash in settlement of receivables. As of December 31, 2021 and 2020, none of the Company’s customers individually exceeded 10.0% of accounts receivable. The Company believes the terms and conditions in its contracts, billing and collection policies are adequate to minimize the potential credit risk.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2021, approximately 92% of the Company’s craft labor employees were covered by collective bargaining agreements. Although the majority of these agreements prohibit strikes and work stoppages, the Company cannot be certain that strikes or work stoppages will not occur in the future.</span></div>
CY2021Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
400000 USD
CY2020Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
400000 USD
CY2021Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
134187000 USD
CY2020Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
97543000 USD
CY2021Q4 us-gaap Construction Contractor Receivable Retainage
ConstructionContractorReceivableRetainage
90888000 USD
CY2020Q4 us-gaap Construction Contractor Receivable Retainage
ConstructionContractorReceivableRetainage
88260000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
225075000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
185803000 USD
CY2021Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
165699000 USD
CY2020Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
155570000 USD
CY2021Q4 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
2232000 USD
CY2020Q4 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
2826000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
167931000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
158396000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
225075000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
185803000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
167931000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
158396000 USD
CY2021Q4 myrg Net Contract Assets Liabilities
NetContractAssetsLiabilities
57144000 USD
CY2020Q4 myrg Net Contract Assets Liabilities
NetContractAssetsLiabilities
27407000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
116500000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
72200000 USD
CY2021Q4 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
4130621000 USD
CY2020Q4 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
3921376000 USD
CY2021Q4 myrg Billings To Date
BillingsToDate
4162133000 USD
CY2020Q4 myrg Billings To Date
BillingsToDate
3979403000 USD
CY2021Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-31512000 USD
CY2020Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-58027000 USD
CY2021Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
134187000 USD
CY2020Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
97543000 USD
CY2021Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
165699000 USD
CY2020Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
155570000 USD
CY2021Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-31512000 USD
CY2020Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-58027000 USD
CY2021 myrg Lessee Operating And Finance Leases Option To Extend Term
LesseeOperatingAndFinanceLeasesOptionToExtendTerm
P5Y
CY2021 myrg Lessee Operating And Finance Leases Option To Terminate Period
LesseeOperatingAndFinanceLeasesOptionToTerminatePeriod
P1Y
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20971000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22291000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
0 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
390000 USD
CY2021Q4 myrg Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
20971000 USD
CY2020Q4 myrg Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
22681000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7765000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6612000 USD
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
0 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
318000 USD
CY2021Q4 myrg Lease Liability Current
LeaseLiabilityCurrent
7765000 USD
CY2020Q4 myrg Lease Liability Current
LeaseLiabilityCurrent
6930000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
13230000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
15730000 USD
CY2021Q4 myrg Lease Liability Noncurrent
LeaseLiabilityNoncurrent
13230000 USD
CY2020Q4 myrg Lease Liability Noncurrent
LeaseLiabilityNoncurrent
15730000 USD
CY2021Q4 myrg Lease Liability
LeaseLiability
20995000 USD
CY2020Q4 myrg Lease Liability
LeaseLiability
22660000 USD
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y4M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.026
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
10451000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
883000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
31000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
10217000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
9378000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
317000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
335000 USD
CY2021 us-gaap Lease Cost
LeaseCost
10534000 USD
CY2020 us-gaap Lease Cost
LeaseCost
10627000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
9237000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7459000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6764000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9826000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7208000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4149000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1942000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1047000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
10000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
24182000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3187000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
20995000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7765000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
13230000 USD
CY2021Q4 us-gaap Contract Receivable Due One Year Or Less
ContractReceivableDueOneYearOrLess
374826000 USD
CY2020Q4 us-gaap Contract Receivable Due One Year Or Less
ContractReceivableDueOneYearOrLess
382096000 USD
CY2021Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
2968000 USD
CY2020Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
5538000 USD
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
377794000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
387634000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2441000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1696000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
375353000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
385938000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1696000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3364000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1331000 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-764000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1296000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-2532000 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
19000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
375000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
501000 USD
CY2021 myrg Allowance For Doubtful Accounts Receivable Foreign Currency Translation Adjustments
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslationAdjustments
0 USD
CY2020 myrg Allowance For Doubtful Accounts Receivable Foreign Currency Translation Adjustments
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslationAdjustments
-3000 USD
CY2019 myrg Allowance For Doubtful Accounts Receivable Foreign Currency Translation Adjustments
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslationAdjustments
-2000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2441000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1696000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3364000 USD
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
44677000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
28305000 USD
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
887000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
577000 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
45564000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
28882000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
518220000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
479480000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
322128000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
294366000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
196092000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
185114000 USD
CY2021 us-gaap Depreciation
Depreciation
43900000 USD
CY2020 us-gaap Depreciation
Depreciation
42900000 USD
CY2019 us-gaap Depreciation
Depreciation
40700000 USD
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
66065000 USD
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2021Q4 us-gaap Goodwill
Goodwill
66065000 USD
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
66065000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2020Q4 us-gaap Goodwill
Goodwill
66065000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
65833000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16779000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
49054000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
65832000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14467000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
51365000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2300000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3600000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3800000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2312000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2312000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2312000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2312000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2312000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
9027000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
20587000 USD
CY2021Q4 myrg Accrued Payroll And Incentive Compensation Current
AccruedPayrollAndIncentiveCompensationCurrent
46485000 USD
CY2020Q4 myrg Accrued Payroll And Incentive Compensation Current
AccruedPayrollAndIncentiveCompensationCurrent
30145000 USD
CY2021Q4 myrg Accrued Union Dues And Benefit
AccruedUnionDuesAndBenefit
19994000 USD
CY2020Q4 myrg Accrued Union Dues And Benefit
AccruedUnionDuesAndBenefit
17800000 USD
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
4605000 USD
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
18130000 USD
CY2021Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
11175000 USD
CY2020Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
10763000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
12598000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
9880000 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
94857000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
86718000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
4503000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
29420000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1039000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4381000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3464000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
25039000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2498289000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2247392000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2071159000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2498289000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2247392000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2071159000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1680000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1677898000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
423734000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
106956000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
77195000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
46445000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
9350000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
4190000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3997000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
116306000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
81385000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50442000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
16512000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
19014000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6976000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1947000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6560000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6363000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3562000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
25019000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
25377000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10538000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
5061000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2519000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3010000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
287000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
963000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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