$MYRG
MYR GROUP INC.

2012 Q2 Form 10-Q Financial Statement

#000104746912005651 Filed on May 09, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q1
Revenue $260.4M $240.2M $150.3M
YoY Change 40.53% 59.84% 0.94%
Cost Of Revenue $230.3M $214.1M $128.7M
YoY Change 38.9% 66.37% -3.74%
Gross Profit $30.06M $26.10M $21.59M
YoY Change 53.86% 20.91% 42.03%
Gross Profit Margin 11.54% 10.87% 14.36%
Selling, General & Admin $14.50M $15.92M $13.95M
YoY Change 5.84% 14.08% 31.63%
% of Gross Profit 48.23% 60.98% 64.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.100M $5.700M $4.247M
YoY Change 29.79% 34.21% 6.18%
% of Gross Profit 20.29% 21.84% 19.67%
Operating Expenses $14.70M $15.92M $13.95M
YoY Change 7.3% 14.08% 30.4%
Operating Profit $15.36M $10.23M $7.623M
YoY Change 163.09% 34.17% 69.4%
Interest Expense -$200.0K $182.0K $210.0K
YoY Change 100.0% -13.33% -205.0%
% of Operating Profit -1.3% 1.78% 2.75%
Other Income/Expense, Net $0.00 -$27.00K -$22.00K
YoY Change 22.73%
Pretax Income $15.40M $10.02M $7.420M
YoY Change 165.52% 35.03% 64.89%
Income Tax $5.900M $3.809M $2.920M
% Of Pretax Income 38.31% 38.02% 39.35%
Net Earnings $9.535M $6.210M $4.500M
YoY Change 156.52% 38.0% 60.71%
Net Earnings / Revenue 3.66% 2.59% 2.99%
Basic Earnings Per Share $0.46 $0.30 $0.23
Diluted Earnings Per Share $0.45 $0.29 $0.21
COMMON SHARES
Basic Shares Outstanding 20.50M shares 20.30M shares 19.98M shares
Diluted Shares Outstanding 21.09M shares 20.93M shares

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.30M $3.800M $44.70M
YoY Change -31.36% -91.5% 20.49%
Cash & Equivalents $24.30M $3.750M $44.71M
Short-Term Investments
Other Short-Term Assets $15.90M $16.60M $13.60M
YoY Change 17.78% 22.06% 2.26%
Inventory $54.20M $55.40M $35.40M
Prepaid Expenses
Receivables $154.2M $155.3M $91.90M
Other Receivables $9.900M $10.00M $8.300M
Total Short-Term Assets $258.5M $241.0M $193.9M
YoY Change 20.51% 24.29% 7.84%
LONG-TERM ASSETS
Property, Plant & Equipment $127.1M $120.5M $103.1M
YoY Change 14.2% 16.88% 20.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.900M $2.000M $1.400M
YoY Change 35.71% 42.86% -26.32%
Total Long-Term Assets $186.3M $179.9M $162.2M
YoY Change 9.4% 10.93% 11.55%
TOTAL ASSETS
Total Short-Term Assets $258.5M $241.0M $193.9M
Total Long-Term Assets $186.3M $179.9M $162.2M
Total Assets $444.8M $420.9M $356.1M
YoY Change 15.59% 18.21% 9.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $86.90M $80.90M $34.00M
YoY Change 48.8% 137.94% 12.21%
Accrued Expenses $38.30M $38.20M $34.10M
YoY Change 9.43% 12.02% 2.1%
Deferred Revenue
YoY Change
Short-Term Debt $10.00M $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $191.2M $177.9M $129.4M
YoY Change 24.8% 37.47% 27.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $10.00M
YoY Change -100.0% -100.0% -66.67%
Other Long-Term Liabilities $1.200M $1.100M $700.0K
YoY Change 100.0% 57.14% -12.5%
Total Long-Term Liabilities $1.200M $1.100M $10.70M
YoY Change -88.68% -89.72% -65.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $191.2M $177.9M $129.4M
Total Long-Term Liabilities $1.200M $1.100M $10.70M
Total Liabilities $211.8M $198.4M $158.1M
YoY Change 16.44% 25.49% 6.97%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $233.0M $222.6M $198.0M
YoY Change
Total Liabilities & Shareholders Equity $444.8M $420.9M $356.1M
YoY Change 15.59% 18.21% 9.5%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $9.535M $6.210M $4.500M
YoY Change 156.52% 38.0% 60.71%
Depreciation, Depletion And Amortization $6.100M $5.700M $4.247M
YoY Change 29.79% 34.21% 6.18%
Cash From Operating Activities $22.10M -$12.00M $13.80M
YoY Change 5425.0% -186.96% 2200.0%
INVESTING ACTIVITIES
Capital Expenditures -$12.10M $8.330M $12.22M
YoY Change 14.15% -31.85% -973.07%
Acquisitions
YoY Change
Other Investing Activities $300.0K $100.0K $100.0K
YoY Change 50.0% 0.0% -50.0%
Cash From Investing Activities -$11.90M -$8.200M -$12.20M
YoY Change 15.53% -32.79% 916.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $20.00M
YoY Change
Cash From Financing Activities 10.30M -10.10M -19.60M
YoY Change 1371.43% -48.47% -19700.0%
NET CHANGE
Cash From Operating Activities 22.10M -12.00M 13.80M
Cash From Investing Activities -11.90M -8.200M -12.20M
Cash From Financing Activities 10.30M -10.10M -19.60M
Net Change In Cash 20.50M -30.30M -18.00M
YoY Change -322.83% 68.33% 3500.0%
FREE CASH FLOW
Cash From Operating Activities $22.10M -$12.00M $13.80M
Capital Expenditures -$12.10M $8.330M $12.22M
Free Cash Flow $34.20M -$20.33M $1.577M
YoY Change 210.91% -1389.16% -21.15%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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WeightedAverageNumberOfSharesOutstandingBasic
19983000 shares
CY2011Q1 us-gaap Amortization Of Intangible Assets
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CY2011Q4 us-gaap Assets
Assets
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CY2011Q4 us-gaap Other Assets Noncurrent
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CY2011Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2011Q4 us-gaap Goodwill
Goodwill
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CY2011Q4 us-gaap Property Plant And Equipment Net
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CY2011Q4 us-gaap Assets Current
AssetsCurrent
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CY2011Q4 us-gaap Other Assets Current
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CY2011Q4 us-gaap Insurance Settlements Receivable
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CY2011Q4 us-gaap Deferred Tax Assets Net Current
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CY2011Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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CY2011Q4 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
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CY2011Q4 us-gaap Accounts Receivable Net Current
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CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2012Q1 us-gaap Stockholders Equity
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CY2012Q1 us-gaap Liabilities Current
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CY2012Q1 us-gaap Assets
Assets
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CY2011Q4 us-gaap Liabilities And Stockholders Equity
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CY2011Q4 us-gaap Stockholders Equity
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CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2011Q1 us-gaap Earnings Per Share Basic
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CY2011Q1 us-gaap Net Income Loss
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CY2011Q1 us-gaap Income Tax Expense Benefit
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CY2011Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2011Q1 us-gaap Other Nonoperating Income Expense
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CY2011Q1 us-gaap Interest Expense
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CY2011Q1 us-gaap Investment Income Interest
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CY2011Q1 us-gaap Operating Income Loss
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CY2011Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2011Q1 us-gaap Selling General And Administrative Expense
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CY2011Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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169000 USD
CY2011Q1 us-gaap Proceeds From Stock Options Exercised
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359000 USD
CY2011Q1 us-gaap Repayments Of Long Term Debt
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CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
MYR GROUP INC.
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
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CY2011Q1 us-gaap Gross Profit
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CY2011Q1 us-gaap Cost Of Services
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CY2011Q1 us-gaap Sales Revenue Services Net
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CY2011Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2011Q1 us-gaap Increase Decrease In Other Operating Liabilities
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CY2011Q1 us-gaap Increase Decrease In Self Insurance Reserve
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CY2011Q1 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
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CY2011Q1 us-gaap Increase Decrease In Accounts Payable
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CY2011Q1 us-gaap Increase Decrease In Unbilled Receivables
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CY2011Q1 us-gaap Other Noncash Expense
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CY2011Q4 us-gaap Liabilities
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CY2011Q4 us-gaap Other Liabilities Noncurrent
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CY2011Q4 us-gaap Deferred Tax Liabilities Noncurrent
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CY2011Q4 us-gaap Liabilities Current
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CY2011Q4 us-gaap Other Liabilities Current
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CY2011Q4 us-gaap Self Insurance Reserve Current
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CY2011Q4 us-gaap Billings In Excess Of Cost Current
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CY2011Q4 us-gaap Accounts Payable Current
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CY2011Q4 us-gaap Short Term Borrowings
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CY2012Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2011Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2012Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2012Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2012Q1 us-gaap Common Stock Par Or Stated Value Per Share
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CY2011Q1 us-gaap Depreciation
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CY2011Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2011Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2011Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2011Q1 us-gaap Net Cash Provided By Used In Continuing Operations
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CY2011Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Document Period End Date
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2012-03-31
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2012Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
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CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
20502401 shares
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Fiscal Period Focus
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CY2012Q1 us-gaap Common Stock Shares Issued
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CY2011Q4 us-gaap Common Stock Shares Issued
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CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2012Q1 us-gaap Preferred Stock Shares Outstanding
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CY2011Q4 us-gaap Preferred Stock Shares Outstanding
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CY2012Q1 us-gaap Preferred Stock Shares Issued
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CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2012Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Authorized
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4000000 shares
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
694000 USD

Files In Submission

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0001047469-12-005651-index-headers.html Edgar Link pending
0001047469-12-005651-index.html Edgar Link pending
0001047469-12-005651.txt Edgar Link pending
0001047469-12-005651-xbrl.zip Edgar Link pending
a2209349z10-q.htm Edgar Link pending
a2209349zex-31_1.htm Edgar Link pending
a2209349zex-31_2.htm Edgar Link pending
a2209349zex-32_1.htm Edgar Link pending
a2209349zex-32_2.htm Edgar Link pending
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Financial_Report.xls Edgar Link pending
myrg-20120331.xml Edgar Link completed
myrg-20120331.xsd Edgar Link pending
myrg-20120331_cal.xml Edgar Link unprocessable
myrg-20120331_def.xml Edgar Link unprocessable
myrg-20120331_lab.xml Edgar Link unprocessable
myrg-20120331_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
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R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
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R2.htm Edgar Link pending
R3.htm Edgar Link pending
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