Myr group inc. (MYRG)
CashFlow / TTM
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

39,526

36,214

34,295

31,793

32,270

31,294

34,017

31,203

25,598

21,154

15,373

16,374

20,644

21,431

19,514

19,543

22,117

27,302

35,548

37,777

37,444

36,544

32,439

32,350

34,071

34,759

34,508

34,939

35,012

34,262

30,351

25,826

20,008

18,298

16,339

15,471

0

0

0

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

41,493

40,667

40,072

39,194

38,610

38,070

37,322

37,612

37,794

38,077

38,395

38,104

38,089

38,236

38,438

38,493

38,282

37,458

36,305

35,138

34,020

33,089

32,208

31,018

29,931

28,860

27,857

27,019

26,000

24,821

23,549

22,109

20,629

19,176

17,763

16,592

0

0

0

Amortization of intangible assets

4,343

3,849

3,752

3,076

2,460

1,843

885

337

428

499

788

781

863

886

1,011

907

699

571

335

334

333

334

334

335

335

335

335

335

335

335

335

335

335

335

335

334

0

0

0

Stock-based compensation expense

4,532

4,403

3,946

3,840

3,696

3,165

3,377

3,294

3,929

4,376

4,665

4,795

4,811

4,674

4,482

4,560

4,518

4,837

5,243

5,190

4,887

4,671

4,239

4,058

3,601

3,519

3,445

3,240

2,980

2,923

3,059

2,517

2,476

2,130

1,494

1,740

0

0

0

Deferred income taxes

4,153

3,602

3,646

3,349

3,286

3,649

-4,447

-4,559

-4,900

-5,091

4,019

4,023

4,137

4,205

1,628

1,632

1,513

1,558

2,062

3,595

3,625

3,655

1,807

0

0

-

0

-

-

-

0

-

-

-

0

0

-

0

-

Excess tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Gain on sale of property and equipment

4,122

3,543

3,511

3,164

3,252

3,832

3,931

3,703

4,008

3,664

2,864

2,755

1,952

1,341

1,762

1,652

1,455

2,257

1,597

1,288

1,029

142

242

450

726

893

1,082

1,213

1,070

1,019

1,153

1,194

1,230

1,174

1,006

834

0

0

0

Other non-cash items

-780

-1,029

-171

-666

521

-237

-778

-1,837

-1,989

-1,194

-1,345

170

-162

-194

13

-186

-77

-200

-409

-275

-236

-139

132

123

152

151

121

117

110

110

69

51

34

44

100

104

0

0

0

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

-7,759

39,710

72,430

47,410

48,914

15,871

-30,347

42,219

24,698

35,944

61,302

34,440

24,476

22,473

-8,306

-15,231

4,734

17,765

21,657

-11,577

-16,971

-15,706

-20,742

-678

13,995

6,227

16,708

23,529

4,020

40,330

27,437

54,429

63,473

19,739

35,531

4,049

0

0

0

Contract assets, net

-3,705

16,443

26,872

27,888

43,003

28,141

21,056

9,621

27,763

17,857

30,219

29,101

4,789

22,013

2,052

-10,782

4,587

4,597

14,550

19,371

17,053

4,090

19,469

19,400

4,363

-21,254

-21,198

-17,330

-10,599

18,079

12,861

-313

18,463

14,395

29,205

31,357

0

0

0

Construction materials inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,003

-1,249

0

0

-

0

-

-

-

-

Receivable for insurance claims in excess of deductibles

11,578

9,646

3,837

8,331

7,761

9,229

3,513

270

282

39

5,839

5,577

9,967

7,187

1,539

1,527

-3,704

-1,021

-482

-1,267

177

922

404

1,462

743

10

187

1,396

1,399

1,257

2,146

710

1,557

1,700

665

643

0

0

0

Other assets

4,283

10,327

1,419

3,416

-26

-2,280

-630

-557

519

2,213

3,193

-3,664

-1,395

-3,730

-2,608

3,141

5,746

5,634

4,928

4,514

173

1,255

494

3,013

1,401

2,138

3,203

1,782

1,870

1,619

-893

-2,414

358

-2,293

-5,120

-3,828

0

0

0

Accounts payable

-33,819

22,492

71,608

57,040

61,938

19,953

-20,435

-17,053

14,717

8,149

21,103

27,519

-1,015

17,322

750

-8,786

9,557

6,742

10,873

10,376

2,081

-17,303

2,294

8,501

4,162

-5,289

-26,575

-21,435

-18,756

11,067

32,570

30,366

47,095

35,062

22,661

21,748

0

0

0

Contract liabilities

53,499

28,163

13,473

-35

4,851

22,551

-6,999

3,679

-33,784

-14,317

-3,301

-3,117

3,898

790

378

7,946

10,111

1,003

-4,268

-18,760

-15,713

-14,831

-18,550

4,412

16,512

20,363

36,953

20,125

3,490

7,644

-8,874

-13,090

-14,075

-20,560

-3,930

4,186

0

0

0

Accrued self-insurance

13,258

12,755

4,675

8,248

8,978

8,701

3,807

-219

74

2,765

7,944

7,548

10,829

5,617

1,070

972

-5,043

-2,616

-3,326

-3,563

-1,205

369

226

598

189

-472

-436

1,333

1,342

733

1,786

3,292

4,070

4,806

3,562

1,441

0

0

0

Other liabilities

-10,899

-8,606

-9,704

-10,040

1,887

10,119

20,479

16,013

11,200

-6,287

5,289

-440

10,495

10,419

-17

-4,713

-12,957

-4,823

-8,694

1,769

1,136

-988

2,350

3,301

5,495

469

-364

52

-2,481

3,718

15,521

9,871

11,969

11,147

1,263

-1,764

0

0

0

Net cash flows provided by (used in) operating activities

108,347

64,899

57,865

46,922

54,551

84,789

71,261

16,888

-225

-9,198

-7,797

27,208

53,124

54,490

72,802

80,433

56,056

43,000

32,047

59,708

65,313

54,976

57,193

61,389

73,601

95,062

78,752

57,822

54,501

29,999

57,863

26,299

4,592

30,394

-5,843

25,898

0

0

0

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

4,089

4,051

3,976

3,815

4,341

4,583

5,045

4,302

4,479

4,342

3,557

3,922

3,204

3,299

3,322

3,275

2,852

2,758

2,070

1,464

1,216

320

467

787

1,015

1,151

1,241

1,386

1,242

1,204

1,375

1,370

1,375

1,306

1,088

861

0

0

0

Purchases of property and equipment

57,055

57,828

50,335

50,646

46,118

50,704

45,657

38,264

35,338

30,843

32,332

33,732

31,604

25,371

21,752

29,105

34,006

46,599

45,848

43,542

42,966

39,045

47,177

46,041

42,708

42,725

36,695

38,738

41,377

37,249

40,274

39,947

38,449

42,342

39,112

33,524

0

0

0

Net cash flows used in investing activities

-132,686

-133,497

-126,079

-93,913

-88,859

-93,203

-87,694

-33,962

-30,859

-26,501

-40,831

-41,866

-40,456

-34,128

-20,143

-27,543

-44,241

-56,928

-55,152

-53,452

-41,750

-38,725

-46,710

-45,254

-41,693

-41,574

-35,454

-37,352

-40,135

-36,045

-38,899

-38,577

-37,074

-41,036

-38,024

-32,663

0

0

0

Cash flows from financing activities:
Repayments on term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,000

0

0

0

-

-

Net borrowings (repayments) under revolving lines of credit

21,642

45,514

61,593

-5,395

12,532

-20,655

-15,117

12,927

27,803

19,890

46,090

24,877

39,579

59,070

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-10,000

0

0

0

-

0

-

-

-

-

Payment of principal obligations under equipment notes

5,272

4,550

3,307

1,455

1,455

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of principal obligations under finance leases

1,283

1,201

1,129

1,111

1,039

1,081

1,200

1,232

1,207

1,203

1,110

1,112

1,008

740

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from exercise of stock options

141

341

335

294

1,598

1,897

1,972

1,985

902

1,232

5,285

6,236

7,025

6,218

2,180

1,520

1,649

1,923

2,098

2,109

1,103

725

0

0

0

-

-

-

-

-

-

-

-

-

1,400

1,092

0

0

0

Debt refinancing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

0

0

0

-

-

-

-

-

-

Employee stock option and restricted stock transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

Excess tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

845

-

1,901

2,005

1,514

615

742

925

871

1,323

1,321

1,117

1,067

524

-232

857

1,117

1,266

1,673

577

0

0

0

Repurchase of common shares

425

778

778

870

887

1,043

1,043

1,801

1,784

3,058

3,058

10,733

78,005

101,483

119,825

117,371

50,128

27,582

15,102

18,066

18,763

16,447

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

8,471

84

-9,125

64

-8,326

38

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

Net cash flows provided by (used in) financing activities

57,220

73,356

77,046

47,051

33,909

10,642

15,079

11,889

25,742

16,889

50,244

21,266

-31,148

-35,539

-82,559

-96,469

-47,606

-23,911

-11,075

-13,924

-16,108

-15,069

-8,768

788

1,186

3,141

2,997

-7,141

3,165

-8,142

-19,912

1,169

-8,481

-17,968

-6,968

-18,388

0

0

0

Restricted stock tax withholdings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Effect of exchange rate changes on cash

-222

132

13

92

18

-64

-28

-638

122

307

-518

55

-620

-774

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

32,659

4,890

8,845

152

-381

2,164

-1,382

-5,823

-5,220

-18,503

1,098

6,663

-19,100

-15,951

-29,845

-43,521

-35,791

-37,839

-34,180

-7,668

7,455

1,182

1,715

16,923

33,094

56,629

46,295

13,329

17,531

-14,188

-948

-11,109

-40,963

-28,610

-50,835

-25,153

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

5,658

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash financing activities:
Capital lease obligations initiated

-

-

-

-

-

-

-

-

-

-

-

-

-

5,658

5,580

4,697

745

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share repurchases that have not settled

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-