Infrastructure and Energy Alternatives, Inc. (IEA) Financial Statements (2025 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 | 147,259 | 71,311 | 370 | 869 | |||||
| Cash and cash equivalent | 147,259 | 71,311 | 370 | 869 | |||||
| Receivables | 280,700 | 163,793 | 203,645 | 225,366 | |||||
| Prepaid expense | 21 | 61 | |||||||
| Contract with customer, asset, after allowance for credit loss | 214,298 | 145,183 | 179,303 | ✕ | ✕ | ||||
| Other undisclosed current assets | 166,801 | 183,393 | 16,855 | 59,985 | |||||
| Total current assets: | 661,799 | 492,369 | 547,062 | 356,662 | 392 | 930 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 37,292 | 36,461 | 43,431 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 138,605 | 130,746 | 140,488 | 176,178 | |||||
| Intangible assets, net (including goodwill) | 56,342 | 62,807 | 74,645 | 91,131 | |||||
| Goodwill | 37,373 | 37,373 | 37,373 | 40,257 | |||||
| Intangible assets, net (excluding goodwill) | 18,969 | 25,434 | 37,272 | 50,874 | |||||
| Asset, held-in-trust | 151,058 | 150,100 | |||||||
| Deferred income tax assets | 2,069 | 12,992 | ✕ | ✕ | ✕ | ||||
| Other noncurrent assets | 771 | 438 | 1,551 | 188 | |||||
| Other undisclosed noncurrent assets | 4,944 | 4,250 | 4,752 | 15,069 | |||||
| Total noncurrent assets: | 237,954 | 236,771 | 277,859 | 282,566 | 151,058 | 150,100 | |||
| TOTAL ASSETS: | 899,753 | 729,140 | 824,921 | 639,228 | 151,450 | 151,031 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 163,364 | 129,594 | 158,103 | 94,059 | 86 | 19 | |||
| Taxes payable | 86 | 19 | |||||||
| Employee-related liabilities | 46,701 | 42,672 | 26,367 | 15,939 | |||||
| Other undisclosed accounts payable and accrued liabilities | 116,663 | 86,922 | 131,736 | 78,120 | |||||
| Deferred revenue | 126,128 | 118,235 | 115,634 | ✕ | ✕ | ✕ | |||
| Debt | 26,305 | 36,764 | 11,574 | 50,195 | |||||
| Provision for loss on contracts | 1,400 | ||||||||
| Other undisclosed current liabilities | 175,179 | 104,960 | 200,966 | 218,909 | 149 | ||||
| Total current liabilities: | 490,976 | 389,553 | 486,277 | 364,563 | 235 | 19 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 349,366 | 220,525 | 197,473 | 341,639 | |||||
| Long-term debt, excluding current maturities | 290,730 | 159,225 | 162,901 | 295,727 | |||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | 45,912 | ||||
| Finance lease, liability | 30,096 | 32,146 | ✕ | ✕ | ✕ | ||||
| Liabilities, other than long-term debt | 16,187 | 8,672 | 8,004 | 29,239 | |||||
| Deferred compensation liability, classified | 7,988 | 8,672 | 8,004 | 6,157 | |||||
| Deferred income tax liabilities | 8,199 | ✕ | ✕ | ✕ | |||||
| Operating lease, liability | 28,540 | 29,154 | 34,572 | ✕ | ✕ | ✕ | |||
| Business combination, contingent consideration, liability | 23,082 | ||||||||
| Other undisclosed noncurrent liabilities | 5,967 | 183,068 | 224,787 | 6,000 | 6,000 | ||||
| Total noncurrent liabilities: | 371,520 | 412,265 | 430,264 | 370,878 | 6,000 | 6,000 | |||
| Total liabilities: | 862,496 | 801,818 | 916,541 | 735,441 | 6,235 | 6,019 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 37,257 | (90,161) | (109,103) | (131,178) | 5,000 | 5,000 | |||
| Preferred stock | 17,483 | ||||||||
| Common stock | 4 | 2 | 2 | 2 | 1 | 1 | |||
| Treasury stock, value | (76) | ||||||||
| Additional paid in capital | 246,450 | 35,305 | 17,167 | 4,751 | 4,808 | 5,012 | |||
| 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 | 17,483 | 17,483 | 34,965 | 140,215 | 140,011 | ||||
| Total equity: | 37,257 | (72,678) | (91,620) | (96,213) | 145,215 | 145,011 | |||
| TOTAL LIABILITIES AND EQUITY: | 899,753 | 729,140 | 824,921 | 639,228 | 151,450 | 151,031 | |||
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 | 2,078,420 | 1,752,905 | 1,459,763 | 779,343 | ||||
| Cost of revenue | (1,872,312) | (1,564,213) | (1,302,746) | (747,817) | ||||
| Gross profit: | 206,108 | 188,692 | 157,017 | 31,526 | ||||
| Operating expenses | (123,905) | (113,266) | (120,186) | (72,262) | (606) | |||
| Other undisclosed operating loss | (112) | |||||||
| Operating income (loss): | 82,203 | 75,426 | 36,831 | (40,736) | (606) | (112) | ||
| Nonoperating income (expense) | (4,695) | (429) | (4,043) | (2,173) | 958 | 100 | ||
| Investment income, nonoperating | 958 | 100 | ||||||
| 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) | 70,990 | 27,308 | (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) | 13,308 | 4,610 | (8,698) | 352 | (11) | ||
| Income tax expense (benefit) | (11,198) | (12,580) | 1,621 | 12,942 | (149) | |||
| Income (loss) from continuing operations: | (83,729) | 728 | 6,231 | 4,244 | 203 | (11) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (83,729) | 728 | 6,231 | 4,244 | 203 | (11) | |
| Net income (loss) attributable to parent: | (83,729) | 728 | 6,231 | 4,244 | 203 | (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) | 728 | 6,231 | 4,244 | 203 | (11) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (83,729) | 728 | 6,231 | 4,244 | 203 | (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.