Infrastructure & energy alternatives, inc. (IEA)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Dec'15
Assets
Current assets:
Cash and cash equivalents

58,081

147,259

43,174

20,311

47,917

71,311

35,611

23,793

19,648

4,877

613

667

742

869

913

8

31

Accounts receivable, net

154,699

203,645

244,465

228,347

143,982

161,366

198,330

66,246

40,043

60,981

-

-

-

-

-

-

-

Contract Assets

193,851

179,303

-

-

-

111,121

-

-

-

-

-

-

-

-

-

-

-

Costs and estimated earnings in excess of billings on uncompleted contracts

-

-

109,540

75,591

59,526

-

74,155

44,712

14,928

18,613

-

-

-

-

-

-

-

Prepaid expenses and other current assets

22,178

16,855

18,533

20,415

16,323

12,864

4,209

2,361

1,508

862

-

-

-

-

-

-

-

Prepaid expense

-

-

-

-

-

-

-

-

-

-

31

41

51

61

71

-

0

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

268

105

Total current assets

428,809

547,062

415,712

344,664

267,748

356,662

312,305

137,112

76,127

85,333

645

708

793

930

985

-

136

Property, Plant and Equipment, Net

134,753

140,488

151,784

158,182

170,893

176,178

104,060

31,244

29,071

30,905

-

-

-

-

-

-

-

Operating Lease, Right-of-Use Asset

43,444

43,431

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Intangible Assets, Net (Excluding Goodwill)

33,902

37,272

40,626

43,980

47,334

50,874

34,865

-

-

69

-

-

-

-

-

-

-

Goodwill

37,373

37,373

37,373

37,373

37,373

40,257

26,701

3,020

3,020

3,020

-

-

-

-

-

-

-

Company-owned life insurance

4,153

4,752

3,935

4,150

4,056

-

4,406

4,314

4,275

-

-

-

-

-

-

-

-

Company-owned life insurance

-

-

-

-

-

3,900

-

-

-

4,250

-

-

-

-

-

-

-

Deferred Income Tax Assets, Net

14,072

12,992

-

-

-

11,215

-

-

-

3,080

-

-

-

-

-

-

-

Other Assets, Noncurrent

492

1,551

550

164

179

188

967

10

39

46

-

-

-

-

-

-

-

Deferred income taxes

-

-

15,847

15,291

21,403

-

2,582

4,508

5,650

-

-

-

-

-

-

-

-

Cash and cash equivalents held in Trust Account

-

-

-

-

-

-

-

-

-

-

150,723

150,422

150,222

150,100

150,031

-

0

Total assets

696,998

824,921

665,827

603,804

548,986

639,228

485,886

180,208

118,182

126,703

151,368

151,131

151,016

151,030

151,016

276

136

Liabilities and Stockholder's Equity (Deficit)
Current liabilities:
Accounts payable

-

-

126,484

108,221

77,578

-

227,406

125,826

53,088

-

-

-

-

-

-

-

-

Accounts Payable, Current

110,485

177,783

-

-

-

158,075

-

-

-

23,880

-

-

-

-

-

-

-

Accrued Liabilities, Current

121,445

158,103

131,170

112,782

65,021

94,059

-

-

-

46,150

-

-

-

-

-

-

-

Contract with Customer, Liability, Current

107,253

115,634

-

-

-

62,234

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of costs and estimated earnings on uncompleted contracts

-

-

71,814

80,325

85,269

-

40,989

22,112

32,996

7,398

-

-

-

-

-

-

-

Current portion of finance lease obligations

23,437

23,183

24,640

23,661

23,424

17,615

9,492

6,524

5,484

4,691

-

-

-

-

-

-

-

Operating Lease, Liability, Current

10,191

9,628

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit - short-term

-

-

-

-

-

-

0

0

0

33,674

-

-

-

-

-

-

-

Long-term Debt, Current Maturities

1,693

1,946

31,119

31,422

32,435

32,580

4,416

3,360

3,360

0

-

-

-

-

-

-

-

Franchise tax payable

-

-

-

-

-

-

-

-

-

-

88

71

36

19

9

-

0

Income tax payable

-

-

-

-

-

-

-

-

-

-

105

-

-

0

-

-

-

Notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112

Total current liabilities

374,504

486,277

385,227

356,411

283,727

364,563

282,303

157,822

94,928

115,793

193

71

36

19

9

-

112

Finance lease obligations, less current portion

37,826

41,055

49,268

54,089

60,156

45,912

20,072

14,148

13,801

15,899

-

-

-

-

-

-

-

Operating Lease, Liability, Noncurrent

34,131

34,572

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Long-term Debt, Excluding Current Maturities

-

-

-

-

290,803

295,727

220,613

51,835

54,651

0

-

-

-

-

-

-

-

Long-term Debt

154,788

162,901

226,606

245,697

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt - Series B Preferred Stock

175,145

166,141

76,766

32,397

-

0

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock - warrant obligations

2,200

17,591

4,223

4,200

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock - Warrant Obligation

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Deferred compensation

6,593

8,004

8,077

7,005

6,892

6,157

6,046

5,263

5,185

5,030

-

-

-

-

-

-

-

Contingent consideration

-

-

0

4,247

23,082

23,082

69,373

69,373

69,373

0

-

-

-

-

-

-

-

Deferred underwriting fee

-

-

-

-

-

-

-

-

-

-

6,000

6,000

6,000

6,000

-

-

0

Deferred Underwriting Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,000

-

-

Note payable and advances from Sponsor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

252

-

Total liabilities

785,187

916,541

750,167

704,046

664,660

735,441

598,407

298,441

237,938

136,722

6,193

6,071

6,036

6,019

6,009

252

112

Commitments and contingencies:

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

Series A Preferred Stock, par value, $0.0001 per share; 100,000,000 shares authorized; 17,483 shares and 17,483 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

17,483

17,483

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock, $0.0001 par value per share; 1,000,000 shares authorized; 17,483 and 34,965 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively

-

-

34,965

34,965

34,965

34,965

34,965

34,965

34,965

0

0

0

0

0

0

0

0

Common stock, 13,923,262 shares subject to possible redemption at December 31, 2017 and 13,991,772 shares subject to possible redemption at December 31, 2016

-

-

-

-

-

-

-

-

-

-

140,174

140,059

139,979

140,011

140,006

-

0

Stockholders' equity (deficit):
Common stock, par value, $0.0001 per share; 100,000,000 shares authorized; 20,700,555 and 20,460,533 shares issued and 20,648,793 and 20,446,811 outstanding at March 31, 2020 and December 31, 2019, respectively

2

2

2

2

2

2

2

2

2

2

0

0

0

0

0

0

0

Treasury stock, 51,762 and 13,722 shares at cost at March 31, 2020 and December 31, 2019, respectively.

160

76

76

76

76

0

-

-

-

-

-

-

-

-

-

-

-

Additional paid in capital

33,425

17,167

18,018

14,725

5,501

4,751

500

0

0

0

-

-

-

-

-

-

-

Additional paid in capital

-

-

-

-

-

-

-

-

-

-

4,848

4,963

5,043

5,011

5,016

24

24

Retained earnings (deficit)

-138,939

-126,196

-137,249

-149,858

-156,066

-135,931

-147,988

-153,200

-154,723

-10,021

150

36

-43

-12

-16

-1

-0

Stockholders' Equity Attributable to Parent

-105,672

-109,103

-119,305

-135,207

-150,639

-131,178

-112,521

-118,233

-119,756

-10,019

5,000

5,000

5,000

5,000

5,000

23

24

Total liabilities and stockholders' equity (deficit)

696,998

824,921

665,827

603,804

548,986

639,228

485,886

180,208

118,182

126,703

151,368

151,131

151,016

151,030

151,016

276

136