Myr group inc. (MYRG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net income

9,932

12,775

10,461

6,358

6,620

10,856

7,959

6,835

5,644

13,579

5,145

1,230

1,200

7,798

6,146

5,500

1,987

5,881

6,175

8,074

7,172

14,127

8,404

7,741

6,272

10,022

8,315

9,462

6,960

9,771

8,746

9,535

6,210

5,860

4,221

3,717

4,500

3,901

3,353

Adjustments to reconcile net income to net cash flows provided by (used in) operating activities:
Depreciation and amortization of property and equipment

10,641

10,514

10,439

9,899

9,815

9,919

9,561

9,315

9,275

9,171

9,851

9,497

9,558

9,489

9,560

9,482

9,705

9,691

9,615

9,271

8,881

8,538

8,448

8,153

7,950

7,657

7,258

7,066

6,879

6,654

6,420

6,047

5,700

5,382

4,980

4,567

4,247

3,969

3,809

Amortization of intangible assets

1,228

961

1,419

735

734

864

743

119

117

-94

195

210

188

195

188

292

211

320

84

84

83

84

83

83

84

84

84

83

84

84

84

83

84

84

84

83

84

84

83

Stock-based compensation expense

1,080

1,142

1,108

1,202

951

685

1,002

1,058

420

897

919

1,693

867

1,186

1,049

1,709

730

994

1,127

1,667

1,049

1,400

1,074

1,364

833

968

893

907

751

894

688

647

694

1,030

146

606

348

394

392

Deferred income taxes

236

3,263

316

338

-315

3,307

19

275

48

-4,789

-93

-66

-143

4,321

-89

48

-75

1,744

-85

-71

-30

2,248

1,448

-41

0

-

400

-

-

-

197

-

-

-

-622

46

-

-812

-

Excess tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

132

Gain on sale of property and equipment

1,050

995

1,151

926

471

963

804

1,014

1,051

1,062

576

1,319

707

262

467

516

96

683

357

319

898

23

48

60

11

123

256

336

178

312

387

193

127

446

428

229

71

278

256

Other non-cash items

305

-398

152

-839

56

460

-343

348

-702

-81

-1,402

196

93

-232

113

-136

61

-25

-86

-27

-62

-234

48

12

35

37

39

41

34

7

35

34

34

-34

17

17

44

22

21

Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net

-38,089

12,383

2,859

15,088

9,380

45,103

-22,161

16,592

-23,663

-1,115

50,405

-929

-12,417

24,243

23,543

-10,893

-14,420

-6,536

16,618

9,072

-1,389

-2,644

-16,616

3,678

-124

-7,680

3,448

18,351

-7,892

2,801

10,269

-1,158

28,418

-10,092

37,261

7,886

-15,316

5,700

5,779

Contract assets, net

7,467

-22,467

24,692

-13,397

27,615

-12,038

25,708

1,718

12,753

-19,123

14,273

19,860

2,847

-6,761

13,155

-4,452

20,071

-26,722

321

10,917

20,081

-16,769

5,142

8,599

7,118

-1,390

5,073

-6,438

-18,499

-1,334

8,941

293

10,179

-6,552

-4,233

19,069

6,111

8,258

-2,081

Construction materials inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1,542

-2,461

-

2,754

-

-

-

-

Receivable for insurance claims in excess of deductibles

754

11,272

-1,058

610

-1,178

5,463

3,436

40

290

-253

193

52

47

5,547

-69

4,442

-2,733

-101

-81

-789

-50

438

-866

655

695

-80

192

-64

-38

97

1,401

-61

-180

986

-35

786

-37

-49

-57

Other assets

-5,195

9,556

-2,781

2,703

849

648

-784

-739

-1,405

2,298

-711

337

289

3,278

-7,568

2,606

-2,046

4,400

-1,819

5,211

-2,158

3,694

-2,233

870

-1,076

2,933

286

-742

-339

3,998

-1,135

-654

-590

1,486

-2,656

2,118

-3,241

-1,341

-1,364

Accounts payable

-18,091

-15,382

10,632

-10,978

38,220

33,734

-3,936

-6,080

-3,765

-6,654

-554

25,690

-10,333

6,300

5,862

-2,844

8,004

-10,272

-3,674

15,499

5,189

-6,141

-4,171

7,204

-14,195

13,456

2,036

2,865

-23,646

-7,830

7,176

5,544

6,177

13,673

4,972

22,273

-5,856

1,272

4,059

Contract liabilities

-4,697

28,560

4,638

24,998

-30,033

13,870

-8,870

29,884

-12,333

-15,680

1,808

-7,579

7,134

-4,664

1,992

-564

4,026

-5,076

9,560

1,601

-5,082

-10,347

-4,932

4,648

-4,200

-14,066

18,030

16,748

-349

2,524

1,202

113

3,805

-13,994

-3,014

-872

-2,680

2,636

5,102

Accrued self-insurance

-77

13,113

334

-112

-580

5,033

3,907

618

-857

139

-119

911

1,834

5,318

-515

4,192

-3,378

771

-613

-1,823

-951

61

-850

535

623

-82

-478

126

-38

-46

1,291

135

-647

1,007

2,797

913

89

-237

676

Other liabilities

1,283

-10,451

10,014

-11,745

3,576

-11,549

9,678

182

11,808

-1,189

5,212

-4,631

-5,679

10,387

-517

6,304

-5,755

-49

-5,213

-1,940

2,379

-3,920

5,250

-2,573

255

-582

6,201

-379

-4,771

-1,415

6,617

-2,912

1,428

10,388

967

-814

606

504

-2,060

Net cash flows provided by (used in) operating activities

35,243

33,154

24,346

15,604

-8,205

26,120

13,403

23,233

22,033

12,592

-40,970

6,120

13,060

13,993

-5,965

32,036

14,426

32,305

1,666

7,659

1,370

21,352

29,327

13,264

-8,967

23,569

33,523

25,476

12,494

7,259

12,593

22,155

-12,008

35,123

-18,971

448

13,794

-1,114

12,770

Cash flows from investing activities:
Proceeds from sale of property and equipment

870

1,153

1,240

826

832

1,078

1,079

1,352

1,074

1,540

336

1,529

937

755

701

811

1,032

778

654

388

938

90

48

140

42

237

368

368

178

327

513

224

140

498

508

229

71

280

281

Purchases of property and equipment

9,138

18,474

11,393

18,050

9,911

10,981

11,704

13,522

14,497

5,934

4,311

10,596

10,002

7,423

5,711

8,468

3,769

3,804

13,064

13,369

16,362

3,053

10,758

12,793

12,441

11,185

9,622

9,460

12,458

5,155

11,665

12,099

8,330

8,180

11,338

10,601

12,223

4,950

5,750

Net cash flows used in investing activities

-8,268

-17,321

-89,873

-17,224

-9,079

-9,903

-57,707

-12,170

-13,423

-4,394

-3,975

-9,067

-9,065

-18,724

-5,010

-7,657

-2,737

-4,739

-12,410

-24,355

-15,424

-2,963

-10,710

-12,653

-12,399

-10,948

-9,254

-9,092

-12,280

-4,828

-11,152

-11,875

-8,190

-7,682

-10,830

-10,372

-12,152

-4,670

-5,469

Cash flows from financing activities:
Repayments on term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,000

0

0

20,000

-

-

Net borrowings (repayments) under revolving lines of credit

-2,263

-22,154

73,564

-27,505

21,609

-6,075

6,576

-9,578

-11,578

-537

34,620

5,298

-19,491

25,663

13,407

20,000

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-10,000

10,000

-10,000

-

10,000

-

-

-

-

Payment of principal obligations under equipment notes

2,177

1,243

1,852

0

1,455

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of principal obligations under finance leases

312

344

282

345

230

272

264

273

272

391

296

248

268

298

298

144

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

16

Proceeds from exercise of stock options

82

16

41

2

282

10

0

1,306

581

85

13

223

911

4,138

964

1,012

104

100

304

1,141

378

275

315

135

0

-

-

-

-

-

-

-

-

-

711

300

359

30

403

Debt refinancing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2

11

-

-

-

-

-

-

Employee stock option and restricted stock transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

653

-157

679

-

719

219

-74

-

-

-

-

-

-

Excess tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102

135

-

56

610

1,010

225

160

119

111

352

343

65

563

350

139

15

20

-406

1,228

275

169

1

132

Repurchase of common shares

425

0

0

0

778

0

92

17

934

0

850

0

2,208

0

8,525

67,272

25,686

18,342

6,071

29

3,140

5,862

9,035

726

824

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

23

24

24

8,400

-8,364

-9,185

9,213

10

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56

-

-

-

38

-

-

-

45

-

-

-

Net cash flows provided by (used in) financing activities

-5,072

-12,660

70,362

4,590

11,064

-8,970

40,367

-8,552

-12,203

-4,533

37,177

5,301

-21,056

28,822

8,199

-47,113

-25,447

-18,198

-5,711

1,750

-1,752

-5,362

-8,560

-434

-713

939

996

-36

1,242

795

-9,142

10,270

-10,065

-10,975

11,939

620

-19,552

25

519

Restricted stock tax withholdings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80

-

-

Effect of exchange rate changes on cash

-303

79

-45

47

51

-40

34

-27

-31

-4

-576

733

154

-829

-3

58

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

21,600

3,252

4,790

3,017

-6,169

7,207

-3,903

2,484

-3,624

3,661

-8,344

3,087

-16,907

23,262

-2,779

-22,676

-13,758

9,368

-16,455

-14,946

-15,806

13,027

10,057

177

-22,079

13,560

25,265

16,348

1,456

3,226

-7,701

20,550

-30,263

16,466

-17,862

-9,304

-17,910

-5,759

7,820

Supplemental Cash Flow Information:
Noncash investing activities:
Acquisition of property and equipment for which payment is pending

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,328

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of property under capital lease arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

78

883

3,952

745

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash financing activities:
Capital lease obligations initiated

-

-

-

-

-

-

-

-

-

-

-

-

-

78

883

3,952

745

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share repurchases that have not settled

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

346

2,691

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-