Infrastructure and Energy Alternatives, Inc. (IEA) Financial Statements (2024 and earlier)

Company Profile

Business Address 6325 DIGITAL WAY
INDIANAPOLIS, IN 46278
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 677 - Blank Checks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   147,25971,311370869
Cash and cash equivalents   147,25971,311370869
Receivables 280,700163,793203,645225,366  
Prepaid expense     2161
Contract with customer, asset, after allowance for credit loss 214,298145,183179,303 
Other undisclosed current assets 166,801183,39316,85559,985  
Total current assets: 661,799492,369547,062356,662392930
Noncurrent Assets
Operating lease, right-of-use asset 37,29236,46143,431
Property, plant and equipment 138,605130,746140,488176,178  
Intangible assets, net (including goodwill) 56,34262,80774,64591,131  
Goodwill 37,37337,37337,37340,257  
Intangible assets, net (excluding goodwill) 18,96925,43437,27250,874  
Asset, held-in-trust     151,058150,100
Deferred income tax assets  2,06912,992
Other noncurrent assets 7714381,551188  
Other undisclosed noncurrent assets 4,9444,2504,75215,069  
Total noncurrent assets: 237,954236,771277,859282,566151,058150,100
TOTAL ASSETS: 899,753729,140824,921639,228151,450151,031
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 163,364129,594158,10394,0598619
Taxes payable     8619
Employee-related liabilities 46,70142,67226,36715,939  
Other undisclosed accounts payable and accrued liabilities 116,66386,922131,73678,120  
Deferred revenue 126,128118,235115,634
Debt 26,30536,76411,57450,195  
Provision for loss on contracts    1,400  
Other undisclosed current liabilities 175,179104,960200,966218,909149 
Total current liabilities: 490,976389,553486,277364,56323519
Noncurrent Liabilities
Long-term debt and lease obligation 349,366220,525197,473341,639  
Long-term debt, excluding current maturities 290,730159,225162,901295,727  
Capital lease obligations45,912  
Finance lease, liability 30,09632,146 
Liabilities, other than long-term debt 16,1878,6728,00429,239  
Deferred compensation liability, classified 7,9888,6728,0046,157  
Deferred income tax liabilities 8,199  
Operating lease, liability 28,54029,15434,572
Business combination, contingent consideration, liability    23,082  
Other undisclosed noncurrent liabilities 5,967183,068224,787 6,0006,000
Total noncurrent liabilities: 371,520412,265430,264370,8786,0006,000
Total liabilities: 862,496801,818916,541735,4416,2356,019
Equity
Equity, attributable to parent, including: 37,257(90,161)(109,103)(131,178)5,0005,000
Preferred stock  17,483    
Common stock 422211
Treasury stock, value   (76)   
Additional paid in capital 246,45035,30517,1674,7514,8085,012
Retained earnings (accumulated deficit) (209,197)(125,468)(126,196)(135,931)191(12)
Other undisclosed equity, attributable to parent  (17,483)    
Other undisclosed equity  17,48317,48334,965140,215140,011
Total equity: 37,257(72,678)(91,620)(96,213)145,215145,011
TOTAL LIABILITIES AND EQUITY: 899,753729,140824,921639,228151,450151,031

Income Statement (P&L) ($ in thousands)

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 2,078,4201,752,9051,459,763779,343  
Cost of revenue (1,872,312)(1,564,213)(1,302,746)(747,817)  
Gross profit: 206,108188,692157,01731,526  
Operating expenses (123,905)(113,266)(120,186)(72,262)(606) 
Other undisclosed operating loss      (112)
Operating income (loss): 82,20375,42636,831(40,736)(606)(112)
Nonoperating income (expense) (4,695)(429)(4,043)(2,173)958100
Investment income, nonoperating     958100
Interest and debt expense (145,704)(4,007)(5,480)(1,836)  
Income (loss) from continuing operations before equity method investments, income taxes: (68,196)70,99027,308(44,745)352(11)
Other undisclosed income (loss) from continuing operations before income taxes (4,335)(57,682)(22,698)36,047  
Income (loss) from continuing operations before income taxes: (72,531)13,3084,610(8,698)352(11)
Income tax expense (benefit) (11,198)(12,580)1,62112,942(149) 
Income (loss) from continuing operations: (83,729)7286,2314,244203(11)
Income (loss) before gain (loss) on sale of properties:(83,729)7286,2314,244203(11)
Net income (loss) attributable to parent: (83,729)7286,2314,244203(11)
Preferred stock dividends and other adjustments (1,587)(2,628)(2,875)(1,597)  
Other undisclosed net loss available to common stockholders, basic   (23,082)(46,291)  
Net income (loss) available to common stockholders, basic: (85,316)(1,900)(19,726)(43,644)203(11)
Dilutive securities, effect on basic earnings per share     (694) 
Net loss available to common stockholders, diluted: (85,316)(1,900)(19,726)(43,644)(491)(11)

Comprehensive Income ($ in thousands)

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (83,729)7286,2314,244203(11)
Comprehensive income (loss), net of tax, attributable to parent: (83,729)7286,2314,244203(11)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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