MYR Group Inc. (MYRG) Financial Statements (2024 and earlier)

Company Profile

Business Address 12121 GRANT STREET
THORNTON, CO 80241
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1623 - Water, Sewer, Pipeline, and Communications and Power Line Construction (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25518223128
Cash and cash equivalents25518223128
Receivables534491396399397299
Prepaid expense 444645   
Contract with customer, asset, after allowance for credit loss421301225186217160
Other current assets22129139
Total current assets:1,026890748637639476
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     
Operating lease, right-of-use asset3531212223
Nontrade receivables343432273117
Property, plant and equipment 649585518479185162
Long-term investments and receivables944351
Long-term investments944351
Intangible assets, net (including goodwill)20020311511712190
Goodwill11711666666657
Intangible assets, net (excluding goodwill)848849515533
Other noncurrent assets644443
Other undisclosed noncurrent assets(380)(352)(322)(294)  
Total noncurrent assets:553509373359369273
TOTAL ASSETS:1,5791,3991,1219961,008749
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities359315201163192139
Accounts payable359315201163192139
Accrued liabilities      
Deferred revenue240227168158105
Debt9615165
Self insurance reserve282924241920
Other liabilities1018095876461
Contract with customer, liability59
Other undisclosed current liabilities910107  
Total current liabilities:747667499443397284
Noncurrent Liabilities
Long-term debt and lease obligation3038174117488
Long-term debt, excluding current maturities293532515786
Capital lease obligations2
Finance lease, liability02  0
Liabilities, other than long-term debt15113487827235
Deferred income tax liabilities4846251821
Other liabilities2516111931
Operating lease, liability2621131617
Self insurance reserve525151454834
Other undisclosed noncurrent liabilities      17
Total noncurrent liabilities:180172103123247140
Total liabilities:928839602567643424
Equity
Equity, attributable to parent651560519429364323
Common stock000000
Additional paid in capital162161164159153148
Accumulated other comprehensive income (loss)(4)(6)00(0)(0)
Retained earnings493405355270212175
Equity, attributable to noncontrolling interest    001
Total equity:651560519429364324
TOTAL LIABILITIES AND EQUITY:1,5791,3991,1219961,008749

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues3,6443,0092,4982,2472,0711,531
Cost of revenue
(Cost of Goods and Services Sold)
(3,280)(2,665)(2,173)(1,972)(1,857)(1,364)
Gross profit:364344325276214167
Operating expenses(235)(229)(206)(189)(157)(117)
Operating income:129115119875750
Nonoperating income (expense)13(0)(1)(0)(4)
Investment income, nonoperating100000
Gain, foreign currency transaction, before tax     0 
Other nonoperating income (expense)(0)3(1)(1)(1)(4)
Interest and debt expense(5)(4)(2)(5)(6)(4)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (0) 
Income from continuing operations before income taxes:125114116815043
Income tax expense(34)(31)(31)(23)(14)(12)
Income from continuing operations:918385593631
Income before gain (loss) on sale of properties:85593631
Net income:918385593631
Net income (loss) attributable to noncontrolling interest   0 1(0)
Net income available to common stockholders, diluted:918385593831

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:918385593631
Other comprehensive income (loss)2(6)00(0)0
Comprehensive income:937785593631
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   0 1(0)
Comprehensive income, net of tax, attributable to parent:937785593731

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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