MYR GROUP INC. MYRG Income Statement

Myr group inc. (MYRG)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Contract revenues
2,071,159	1,531,169	1,403,317	1,142,487	1,061,681	943,967	902,729	998,959	780,356	597,077	631,168
Contract costs
1,857,001	1,364,109	1,278,313	1,007,764	939,340	811,553	777,852	880,306	694,790	526,357	555,261
Gross profit
214,158	167,060	125,004	134,723	122,341	132,414	124,877	118,653	85,566	70,720	75,907
Selling, general and administrative expenses
156,674	118,737	98,611	96,424	79,186	73,818	69,818	63,575	56,776	44,630	48,467
Amortization of intangible assets
3,849	1,843	499	886	571	334	335	335	335	335	335
Gain on sale of property and equipment
3,543	3,832	3,664	1,341	2,257	142	893	1,019	1,174	750	418
Income from operations
57,178	50,312	29,558	38,754	44,841	58,404	55,617	55,762	29,629	26,505	27,523
Other income (expense):
Interest income
4	24	4	5	25	106	9	2	53	58	218
Interest expense
6,225	3,652	2,603	1,299	741	722	727	852	544	1,054	852
Other income (expense), net
-515	-3,616	-2,319	885	174	162	-27	-222	-81	-144	-208
Income before provision for income taxes
50,442	43,068	24,640	38,345	44,299	57,950	54,872	54,690	29,057	25,365	26,681
Income tax expense
14,228	11,774	3,486	16,914	16,997	21,406	20,113	20,428	10,759	9,243	9,446
Less: net loss attributable to noncontrolling interest
-1,476	207	0	0	-	-	-	-	-	-	-
Net income attributable to MYR Group Inc.
36,214	31,294	21,154	21,431	27,302	36,544	34,759	34,262	18,298	16,122	17,235
Income per common share attributable to MYR Group Inc.:
Basic (in dollars per share)
2.27	1.89	1.30	1.25	1.33	1.73	1.65	1.67	0.90	0.81	0.87
Diluted (in dollars per share)
2.26	1.87	1.28	1.23	1.30	1.69	1.61	1.60	0.87	0.78	0.83
Weighted average number of common shares and potential common shares outstanding:
Basic (in shares)
16,587	16,441	16,273	17,109	20,577	20,922	20,821	20,391	20,151	19,883	19,755
Diluted (in shares)
16,699	16,585	16,496	17,461	21,038	21,466	21,431	21,172	20,993	20,782	20,702
Net income
36,214	31,294	21,154	21,431	-	-	-	-	-	-	-
Net income
37,690	31,087	21,154	21,431	27,302	36,544	34,759	34,262	18,298	16,122	17,235
Other comprehensive income (loss):
Foreign currency translation adjustment
-253	106	134	-549	103	13	0	-	-	-	-
Other comprehensive income (loss)
-253	106	134	-549	103	13	0	-	-	-	-
Total comprehensive income
35,961	31,400	21,288	20,882	-	-	-	-	-	-	-
Less: net loss attributable to noncontrolling interest
-1,476	207	0	0	-	-	-	-	-	-	-
Total comprehensive income attributable to MYR Group Inc.
37,437	31,193	21,288	20,882	27,405	36,557	34,759	-	-	-	-