2011 Q3 Form 10-Q Financial Statement
#000104746911009219 Filed on November 08, 2011
Income Statement
Concept | 2011 Q3 | 2010 Q4 | 2010 Q3 |
---|---|---|---|
Revenue | $210.5M | $155.1M | $152.8M |
YoY Change | 37.78% | -10.5% | -5.7% |
Cost Of Revenue | $190.7M | $133.3M | $135.7M |
YoY Change | 40.48% | -13.39% | -3.94% |
Gross Profit | $19.81M | $21.80M | $17.04M |
YoY Change | 16.3% | 12.37% | -17.7% |
Gross Profit Margin | 9.41% | 14.06% | 11.15% |
Selling, General & Admin | $13.52M | $12.00M | $11.02M |
YoY Change | 22.68% | -4.0% | -12.52% |
% of Gross Profit | 68.25% | 55.05% | 64.7% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $4.980M | $4.300M | $3.969M |
YoY Change | 25.47% | 19.44% | 16.74% |
% of Gross Profit | 25.14% | 19.72% | 23.3% |
Operating Expenses | $13.52M | $12.10M | $11.02M |
YoY Change | 22.68% | -3.97% | -13.2% |
Operating Profit | $6.634M | $9.700M | $6.207M |
YoY Change | 6.88% | 42.65% | -22.41% |
Interest Expense | $93.00K | -$200.0K | $398.0K |
YoY Change | -76.63% | 0.0% | -299.0% |
% of Operating Profit | 1.4% | -2.06% | 6.41% |
Other Income/Expense, Net | -$21.00K | $0.00 | -$31.00K |
YoY Change | -32.26% | -69.0% | |
Pretax Income | $6.525M | $9.500M | $5.792M |
YoY Change | 12.66% | 43.94% | -26.68% |
Income Tax | $2.304M | $3.400M | $1.891M |
% Of Pretax Income | 35.31% | 35.79% | 32.65% |
Net Earnings | $4.221M | $6.100M | $3.900M |
YoY Change | 8.23% | 41.86% | -32.76% |
Net Earnings / Revenue | 2.01% | 3.93% | 2.55% |
Basic Earnings Per Share | $0.21 | $0.20 | |
Diluted Earnings Per Share | $0.20 | $293.3K | $0.19 |
COMMON SHARES | |||
Basic Shares Outstanding | 20.27M shares | 19.92M shares | |
Diluted Shares Outstanding | 21.04M shares | 20.78M shares |
Balance Sheet
Concept | 2011 Q3 | 2010 Q4 | 2010 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $17.50M | $62.60M | $39.20M |
YoY Change | -55.36% | 66.49% | 21.74% |
Cash & Equivalents | $17.55M | $62.62M | $39.18M |
Short-Term Investments | |||
Other Short-Term Assets | $12.10M | $3.719M | $12.30M |
YoY Change | -1.63% | -72.45% | 5.13% |
Inventory | $53.00M | $29.30M | $38.10M |
Prepaid Expenses | |||
Receivables | $137.0M | $107.2M | $97.80M |
Other Receivables | $11.30M | $10.50M | $9.900M |
Total Short-Term Assets | $231.0M | $223.9M | $197.3M |
YoY Change | 17.06% | 15.66% | 4.67% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $115.1M | $96.59M | $89.70M |
YoY Change | 28.32% | 9.76% | 8.99% |
Goodwill | $46.60M | ||
YoY Change | |||
Intangibles | $11.20M | ||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.400M | $1.831M | $1.900M |
YoY Change | -26.32% | -3.63% | 0.0% |
Total Long-Term Assets | $174.0M | $156.2M | $149.4M |
YoY Change | 16.47% | 5.56% | 4.92% |
TOTAL ASSETS | |||
Total Short-Term Assets | $231.0M | $223.9M | $197.3M |
Total Long-Term Assets | $174.0M | $156.2M | $149.4M |
Total Assets | $405.0M | $380.1M | $346.7M |
YoY Change | 16.8% | 11.28% | 4.77% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $60.90M | $41.31M | $37.00M |
YoY Change | 64.59% | 3.53% | -1.07% |
Accrued Expenses | $37.80M | $34.00M | $33.80M |
YoY Change | 11.83% | 2.72% | -0.59% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $10.00M | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $10.00M | $0.00 | |
YoY Change | |||
Total Short-Term Liabilities | $177.7M | $138.8M | $114.3M |
YoY Change | 55.46% | 14.93% | -3.38% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $30.00M | $30.00M |
YoY Change | -100.0% | 0.0% | 0.0% |
Other Long-Term Liabilities | $600.0K | $636.0K | $900.0K |
YoY Change | -33.33% | -29.33% | 0.0% |
Total Long-Term Liabilities | $600.0K | $30.64M | $30.90M |
YoY Change | -98.06% | -0.85% | 0.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $177.7M | $138.8M | $114.3M |
Total Long-Term Liabilities | $600.0K | $30.64M | $30.90M |
Total Liabilities | $195.7M | $187.4M | $160.7M |
YoY Change | 21.78% | 11.9% | -0.37% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $47.36M | ||
YoY Change | |||
Common Stock | $145.1M | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | 3.310K shares | 0.000 shares | |
Shareholders Equity | $209.3M | $192.7M | $186.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $405.0M | $380.1M | $346.7M |
YoY Change | 16.8% | 11.28% | 4.77% |
Cashflow Statement
Concept | 2011 Q3 | 2010 Q4 | 2010 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $4.221M | $6.100M | $3.900M |
YoY Change | 8.23% | 41.86% | -32.76% |
Depreciation, Depletion And Amortization | $4.980M | $4.300M | $3.969M |
YoY Change | 25.47% | 19.44% | 16.74% |
Cash From Operating Activities | -$18.90M | $32.50M | -$1.100M |
YoY Change | 1618.18% | 122.6% | -84.93% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $11.34M | -$9.800M | $4.950M |
YoY Change | 129.05% | 4.26% | -193.4% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $500.0K | $500.0K | $300.0K |
YoY Change | 66.67% | 150.0% | 50.0% |
Cash From Investing Activities | -$10.90M | -$9.300M | -$4.600M |
YoY Change | 136.96% | 1.09% | -8.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 11.90M | 200.0K | 0.000 |
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -18.90M | 32.50M | -1.100M |
Cash From Investing Activities | -10.90M | -9.300M | -4.600M |
Cash From Financing Activities | 11.90M | 200.0K | 0.000 |
Net Change In Cash | -17.90M | 23.40M | -5.700M |
YoY Change | 214.04% | 333.33% | -52.1% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$18.90M | $32.50M | -$1.100M |
Capital Expenditures | $11.34M | -$9.800M | $4.950M |
Free Cash Flow | -$30.24M | $42.30M | -$6.050M |
YoY Change | 399.8% | 76.25% | 202.5% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Assets
Assets
|
404960000 | USD |
CY2011Q3 | us-gaap |
Assets Current
AssetsCurrent
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Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
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Retained Earnings Accumulated Deficit
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|
47360000 | USD |
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Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
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Treasury Stock Shares
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Common Stock Shares Outstanding
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Common Stock Shares Issued
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Preferred Stock Shares Authorized
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|
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Finite Lived Intangible Assets Accumulated Amortization
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|
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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Preferred Stock Shares Outstanding
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Preferred Stock Shares Issued
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0 | shares |
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Preferred Stock Shares Authorized
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Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
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Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1888000 | USD |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
46878000 | USD |
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Allowance For Doubtful Accounts Receivable Current
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|
947000 | USD |
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Liabilities
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187439000 | USD |
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Other Liabilities Noncurrent
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Deferred Tax Liabilities Noncurrent
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Self Insurance Reserve Current
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|
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Intangible Assets Net Excluding Goodwill
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|
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Goodwill
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Property Plant And Equipment Net
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Cash And Cash Equivalents At Carrying Value
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Liabilities And Stockholders Equity
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0.19 | |
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0.20 | |
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|
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|
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Increase Decrease In Other Operating Liabilities
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|
504000 | USD |
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Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
|
-237000 | USD |
CY2010Q3 | us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
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|
2636000 | USD |
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1272000 | USD |
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Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-1341000 | USD |
dei |
Entity Registrant Name
EntityRegistrantName
|
MYR GROUP INC. | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000700923 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2011-09-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
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Entity Current Reporting Status
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|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
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Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
|
-49000 | USD |
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2011 | ||
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Document Fiscal Period Focus
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|
Q3 | ||
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Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
8258000 | USD |
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Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
5700000 | USD |
CY2010Q3 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
22000 | USD |
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Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-812000 | USD |
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Excess Tax Benefit From Share Based Compensation Operating Activities
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|
1000 | USD |
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Share Based Compensation
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|
394000 | USD |
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Depreciation
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|
3969000 | USD |
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|
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Cash And Cash Equivalents Period Increase Decrease
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|
1605000 | USD | |
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Increase Decrease In Other Operating Liabilities
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|
-5047000 | USD | |
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Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
|
734000 | USD | |
us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
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|
749000 | USD | |
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Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-17862000 | USD |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-4213000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-3246000 | USD | |
us-gaap |
Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
|
264000 | USD | |
us-gaap |
Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
7330000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2822000 | USD | |
us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
64000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-812000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
149000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1210000 | USD | |
us-gaap |
Depreciation
Depreciation
|
11718000 | USD | |
CY2010Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
44940000 | USD |
CY2010Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
39181000 | USD |
CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
37576000 | USD |
CY2010Q3 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-5759000 | USD |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
10000000 | USD |