XML 41 R40.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Supplemental Consolidating Financial Statements (Tables) | 9 Months Ended
--- | ---
Apr. 27, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of Condensed Balance Sheet |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED) APRIL 27, 2013
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
ASSETS |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | — |  |  | $ | — |  |  | $ | 17,631 |  |  | $ | 616 |  |  | $ | — |  |  | $ | 18,247 |
Accounts receivable, net | — |  |  | — |  |  | 232,575 |  |  | 1,462 |  |  | — |  |  | 234,037 |
Costs and estimated earnings in excess of billings | — |  |  | — |  |  | 182,976 |  |  | 944 |  |  | — |  |  | 183,920 |
Inventories | — |  |  | — |  |  | 35,047 |  |  | — |  |  | — |  |  | 35,047 |
Deferred tax assets, net | 2,742 |  |  | — |  |  | 13,984 |  |  | 299 |  |  | (403 | ) |  | 16,622 |
Income taxes receivable | 907 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 907 |
Other current assets | 5,342 |  |  | 25 |  |  | 7,084 |  |  | 563 |  |  | — |  |  | 13,014 |
Total current assets | 8,991 |  |  | 25 |  |  | 489,297 |  |  | 3,884 |  |  | (403 | ) |  | 501,794 |
PROPERTY AND EQUIPMENT, NET | 13,340 |  |  | — |  |  | 160,251 |  |  | 15,554 |  |  | — |  |  | 189,145 |
GOODWILL | — |  |  | — |  |  | 260,708 |  |  | — |  |  | — |  |  | 260,708 |
INTANGIBLE ASSETS, NET | — |  |  | — |  |  | 127,252 |  |  | — |  |  | — |  |  | 127,252 |
DEFERRED TAX ASSETS, NET NON-CURRENT | — |  |  | 63 |  |  | 15,672 |  |  | 532 |  |  | (16,267 | ) |  | — |
INVESTMENT IN SUBSIDIARIES | 754,974 |  |  | 1,452,399 |  |  | — |  |  | — |  |  | (2,207,373 | ) |  | — |
INTERCOMPANY RECEIVABLES | — |  |  | — |  |  | 628,514 |  |  | — |  |  | (628,514 | ) |  | — |
OTHER | 9,095 |  |  | 6,502 |  |  | 2,584 |  |  | 113 |  |  | — |  |  | 18,294 |
TOTAL NON-CURRENT ASSETS | 777,409 |  |  | 1,458,964 |  |  | 1,194,981 |  |  | 16,199 |  |  | (2,852,154 | ) |  | 595,399 |
TOTAL ASSETS | $ | 786,400 |  |  | $ | 1,458,989 |  |  | $ | 1,684,278 |  |  | $ | 20,083 |  |  | $ | (2,852,557 | ) |  | $ | 1,097,193 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | 2,209 |  |  | $ | — |  |  | $ | 61,685 |  |  | $ | 615 |  |  | $ | — |  |  | $ | 64,509 |
Current portion of debt | 7,031 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,031 |
Billings in excess of costs and estimated earnings | — |  |  | — |  |  | 12,370 |  |  | — |  |  | — |  |  | 12,370 |
Accrued insurance claims | 83 |  |  | — |  |  | 28,014 |  |  | 132 |  |  | — |  |  | 28,229 |
Deferred tax liabilities | — |  |  | 248 |  |  | 77 |  |  | 78 |  |  | (403 | ) |  | — |
Other accrued liabilities | 6,516 |  |  | 5,936 |  |  | 50,879 |  |  | 1,577 |  |  | — |  |  | 64,908 |
Total current liabilities | 15,839 |  |  | 6,184 |  |  | 153,025 |  |  | 2,402 |  |  | (403 | ) |  | 177,047 |
LONG-TERM DEBT | 152,407 |  |  | 281,194 |  |  | — |  |  | — |  |  | — |  |  | 433,601 |
ACCRUED INSURANCE CLAIMS | — |  |  | — |  |  | 26,237 |  |  | 157 |  |  | — |  |  | 26,394 |
DEFERRED TAX LIABILITIES, NET NON-CURRENT | 1,077 |  |  | — |  |  | 60,892 |  |  | 989 |  |  | (16,267 | ) |  | 46,691 |
INTERCOMPANY PAYABLES | 205,290 |  |  | 416,637 |  |  | — |  |  | 6,587 |  |  | (628,514 | ) |  | — |
OTHER LIABILITIES | 2,964 |  |  | — |  |  | 1,670 |  |  | 3 |  |  | — |  |  | 4,637 |
Total liabilities | 377,577 |  |  | 704,015 |  |  | 241,824 |  |  | 10,138 |  |  | (645,184 | ) |  | 688,370 |
Total stockholders' equity | 408,823 |  |  | 754,974 |  |  | 1,442,454 |  |  | 9,945 |  |  | (2,207,373 | ) |  | 408,823 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 786,400 |  |  | $ | 1,458,989 |  |  | $ | 1,684,278 |  |  | $ | 20,083 |  |  | $ | (2,852,557 | ) |  | $ | 1,097,193 |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEET JULY 28, 2012
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
ASSETS |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | — |  |  | $ | — |  |  | $ | 51,563 |  |  | $ | 1,018 |  |  | $ | — |  |  | $ | 52,581 |
Accounts receivable, net | — |  |  | — |  |  | 140,426 |  |  | 1,362 |  |  | — |  |  | 141,788 |
Costs and estimated earnings in excess of billings | — |  |  | — |  |  | 125,869 |  |  | 1,452 |  |  | — |  |  | 127,321 |
Inventories | — |  |  | — |  |  | 26,274 |  |  | — |  |  | — |  |  | 26,274 |
Deferred tax assets, net | 2,390 |  |  | — |  |  | 13,566 |  |  | 80 |  |  | (403 | ) |  | 15,633 |
Income taxes receivable | 4,884 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,884 |
Other current assets | 2,211 |  |  | 10 |  |  | 5,458 |  |  | 787 |  |  | — |  |  | 8,466 |
Total current assets | 9,485 |  |  | 10 |  |  | 363,156 |  |  | 4,699 |  |  | (403 | ) |  | 376,947 |
PROPERTY AND EQUIPMENT, NET | 9,671 |  |  | — |  |  | 133,145 |  |  | 15,431 |  |  | — |  |  | 158,247 |
GOODWILL | — |  |  | — |  |  | 174,849 |  |  | — |  |  | — |  |  | 174,849 |
INTANGIBLE ASSETS, NET | — |  |  | — |  |  | 49,773 |  |  | — |  |  | — |  |  | 49,773 |
DEFERRED TAX ASSETS, NET NON-CURRENT | — |  |  | 65 |  |  | 9,341 |  |  | 1,085 |  |  | (10,491 | ) |  | — |
INVESTMENT IN SUBSIDIARIES | 734,451 |  |  | 1,425,451 |  |  | — |  |  | — |  |  | (2,159,902 | ) |  | — |
INTERCOMPANY RECEIVABLES | — |  |  | — |  |  | 860,758 |  |  | 54 |  |  | (860,812 | ) |  | — |
OTHER | 6,075 |  |  | 4,338 |  |  | 1,731 |  |  | 233 |  |  | — |  |  | 12,377 |
TOTAL NON-CURRENT ASSETS | 750,197 |  |  | 1,429,854 |  |  | 1,229,597 |  |  | 16,803 |  |  | (3,031,205 | ) |  | 395,246 |
TOTAL ASSETS | $ | 759,682 |  |  | $ | 1,429,864 |  |  | $ | 1,592,753 |  |  | $ | 21,502 |  |  | $ | (3,031,608 | ) |  | $ | 772,193 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | 2,785 |  |  | $ | — |  |  | $ | 33,441 |  |  | $ | 597 |  |  | $ | — |  |  | $ | 36,823 |
Current portion of debt | — |  |  | — |  |  | 74 |  |  | — |  |  | — |  |  | 74 |
Billings in excess of costs and estimated earnings | — |  |  | — |  |  | 1,522 |  |  | — |  |  | — |  |  | 1,522 |
Accrued insurance claims | 588 |  |  | — |  |  | 24,551 |  |  | 79 |  |  | — |  |  | 25,218 |
Deferred tax liabilities | — |  |  | 249 |  |  | 84 |  |  | 70 |  |  | (403 | ) |  | — |
Other accrued liabilities | 5,054 |  |  | 565 |  |  | 43,772 |  |  | 1,535 |  |  | — |  |  | 50,926 |
Total current liabilities | 8,427 |  |  | 814 |  |  | 103,444 |  |  | 2,281 |  |  | (403 | ) |  | 114,563 |
LONG-TERM DEBT | — |  |  | 187,500 |  |  | — |  |  | — |  |  | — |  |  | 187,500 |
ACCRUED INSURANCE CLAIMS | 708 |  |  | — |  |  | 22,815 |  |  | 68 |  |  | — |  |  | 23,591 |
DEFERRED TAX LIABILITIES, NET NON-CURRENT | 1,020 |  |  | — |  |  | 57,140 |  |  | 1,868 |  |  | (10,491 | ) |  | 49,537 |
INTERCOMPANY PAYABLES | 353,713 |  |  | 507,099 |  |  | — |  |  | — |  |  | (860,812 | ) |  | — |
OTHER LIABILITIES | 2,883 |  |  | — |  |  | 1,185 |  |  | 3 |  |  | — |  |  | 4,071 |
Total liabilities | 366,751 |  |  | 695,413 |  |  | 184,584 |  |  | 4,220 |  |  | (871,706 | ) |  | 379,262 |
Total stockholders' equity | 392,931 |  |  | 734,451 |  |  | 1,408,169 |  |  | 17,282 |  |  | (2,159,902 | ) |  | 392,931 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 759,682 |  |  | $ | 1,429,864 |  |  | $ | 1,592,753 |  |  | $ | 21,502 |  |  | $ | (3,031,608 | ) |  | $ | 772,193 |
Schedule of Condensed Income Statement |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 27, 2013
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
REVENUES: |  |  |  |  |  |  |  |  |  |  |
Contract Revenues | $ | — |  |  | $ | — |  |  | $ | 434,595 |  |  | $ | 2,772 |  |  | $ | — |  |  | $ | 437,367 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs of earned revenues, excluding depreciation and amortization | — |  |  | — |  |  | 355,231 |  |  | 2,433 |  |  | — |  |  | 357,664 |
General and administrative | 10,195 |  |  | 147 |  |  | 24,597 |  |  | 3,266 |  |  | — |  |  | 38,205 |
Depreciation and amortization | 754 |  |  | — |  |  | 22,538 |  |  | 1,239 |  |  | — |  |  | 24,531 |
Intercompany charges (income), net | (12,592 | ) |  | — |  |  | 12,981 |  |  | (389 | ) |  | — |  |  | — |
Total | (1,643 | ) |  | 147 |  |  | 415,347 |  |  | 6,549 |  |  | — |  |  | 420,400 |
Interest expense, net | (1,643 | ) |  | (4,963 | ) |  | (31 | ) |  | — |  |  | — |  |  | (6,637 | )
Other income, net | — |  |  | — |  |  | 1,489 |  |  | (12 | ) |  | — |  |  | 1,477 |
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (5,110 | ) |  | 20,706 |  |  | (3,789 | ) |  | — |  |  | 11,807 |
PROVISION (BENEFIT) FOR INCOME TAXES | — |  |  | (2,002 | ) |  | 8,095 |  |  | (1,485 | ) |  | — |  |  | 4,608 |
NET INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (3,108 | ) |  | 12,611 |  |  | (2,304 | ) |  | — |  |  | 7,199 |
EQUITY IN EARNINGS OF SUBSIDIARIES | 7,199 |  |  | 10,307 |  |  | — |  |  | — |  |  | (17,506 | ) |  | — |
NET INCOME (LOSS) | $ | 7,199 |  |  | $ | 7,199 |  |  | $ | 12,611 |  |  | $ | (2,304 | ) |  | $ | (17,506 | ) |  | $ | 7,199 |
Foreign currency translation gain | (21 | ) |  | (21 | ) |  | — |  |  | (21 | ) |  | 42 |  |  | (21 | )
COMPREHENSIVE INCOME (LOSS) | $ | 7,178 |  |  | $ | 7,178 |  |  | $ | 12,611 |  |  | $ | (2,325 | ) |  | $ | (17,464 | ) |  | $ | 7,178 |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) FOR THE NINE MONTHS ENDED APRIL 27, 2013
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
REVENUES: |  |  |  |  |  |  |  |  |  |  |
Contract Revenues | $ | — |  |  | $ | — |  |  | $ | 1,120,417 |  |  | $ | 9,563 |  |  | $ | — |  |  | $ | 1,129,980 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs of earned revenues, excluding depreciation and amortization | — |  |  | — |  |  | 907,881 |  |  | 8,366 |  |  | — |  |  | 916,247 |
General and administrative | 33,504 |  |  | 442 |  |  | 63,492 |  |  | 8,419 |  |  | — |  |  | 105,857 |
Depreciation and amortization | 2,134 |  |  | — |  |  | 54,793 |  |  | 3,733 |  |  | — |  |  | 60,660 |
Intercompany charges (income), net | (39,897 | ) |  | — |  |  | 40,971 |  |  | (1,074 | ) |  | — |  |  | — |
Total | (4,259 | ) |  | 442 |  |  | 1,067,137 |  |  | 19,444 |  |  | — |  |  | 1,082,764 |
Interest expense, net | (3,941 | ) |  | (12,607 | ) |  | (34 | ) |  | — |  |  | — |  |  | (16,582 | )
Other income, net | (318 | ) |  | — |  |  | 3,810 |  |  | 27 |  |  | — |  |  | 3,519 |
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (13,049 | ) |  | 57,056 |  |  | (9,854 | ) |  | — |  |  | 34,153 |
PROVISION (BENEFIT) FOR INCOME TAXES | — |  |  | (5,208 | ) |  | 22,772 |  |  | (3,933 | ) |  | — |  |  | 13,631 |
NET INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (7,841 | ) |  | 34,284 |  |  | (5,921 | ) |  | — |  |  | 20,522 |
EQUITY IN EARNINGS OF SUBSIDIARIES | 20,522 |  |  | 28,363 |  |  | — |  |  | — |  |  | (48,885 | ) |  | — |
NET INCOME (LOSS) | $ | 20,522 |  |  | $ | 20,522 |  |  | $ | 34,284 |  |  | $ | (5,921 | ) |  | $ | (48,885 | ) |  | $ | 20,522 |
Foreign currency translation gain | (8 | ) |  | (8 | ) |  | — |  |  | (8 | ) |  | 16 |  |  | (8 | )
COMPREHENSIVE INCOME (LOSS) | $ | 20,514 |  |  | $ | 20,514 |  |  | $ | 34,284 |  |  | $ | (5,929 | ) |  | $ | (48,869 | ) |  | $ | 20,514 |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) FOR THE THREE MONTHS ENDED APRIL 28, 2012
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
REVENUES: |  |  |  |  |  |  |  |  |  |  |
Contract revenues | $ | — |  |  | $ | — |  |  | $ | 293,521 |  |  | $ | 2,582 |  |  | $ | — |  |  | $ | 296,103 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs of earned revenues, excluding depreciation and amortization | — |  |  | — |  |  | 239,251 |  |  | 2,135 |  |  | — |  |  | 241,386 |
General and administrative | 7,476 |  |  | 128 |  |  | 16,899 |  |  | 2,453 |  |  | — |  |  | 26,956 |
Depreciation and amortization | 792 |  |  | — |  |  | 13,637 |  |  | 1,132 |  |  | — |  |  | 15,561 |
Intercompany charges (income), net | (9,016 | ) |  | — |  |  | 8,906 |  |  | 110 |  |  | — |  |  | — |
Total | (748 | ) |  | 128 |  |  | 278,693 |  |  | 5,830 |  |  | — |  |  | 283,903 |
Interest income (expense), net | (764 | ) |  | (3,416 | ) |  | 2 |  |  | — |  |  | — |  |  | (4,178 | )
Other income, net | 16 |  |  | — |  |  | 7,001 |  |  | 610 |  |  | — |  |  | 7,627 |
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (3,544 | ) |  | 21,831 |  |  | (2,638 | ) |  | — |  |  | 15,649 |
PROVISION (BENEFIT) FOR INCOME TAXES | — |  |  | (1,349 | ) |  | 8,350 |  |  | (997 | ) |  | — |  |  | 6,004 |
NET INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (2,195 | ) |  | 13,481 |  |  | (1,641 | ) |  | — |  |  | 9,645 |
EQUITY IN EARNINGS OF SUBSIDIARIES | 9,645 |  |  | 11,840 |  |  | — |  |  | — |  |  | (21,485 | ) |  | — |
NET INCOME (LOSS) | $ | 9,645 |  |  | $ | 9,645 |  |  | $ | 13,481 |  |  | $ | (1,641 | ) |  | $ | (21,485 | ) |  | $ | 9,645 |
Foreign currency translation gain | 90 |  |  | 90 |  |  | — |  |  | 90 |  |  | (180 | ) |  | 90 |
COMPREHENSIVE INCOME (LOSS) | $ | 9,735 |  |  | $ | 9,735 |  |  | $ | 13,481 |  |  | $ | (1,551 | ) |  | $ | (21,665 | ) |  | $ | 9,735 |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) FOR THE NINE MONTHS ENDED APRIL 28, 2012
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
REVENUES: |
Contract revenues | $ | — |  |  | $ | — |  |  | $ | 871,613 |  |  | $ | 11,472 |  |  | $ | — |  |  | $ | 883,085 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs of earned revenues, excluding depreciation and amortization | — |  |  | — |  |  | 707,874 |  |  | 8,938 |  |  | — |  |  | 716,812 |
General and administrative | 20,054 |  |  | 423 |  |  | 48,731 |  |  | 7,381 |  |  | — |  |  | 76,589 |
Depreciation and amortization | 2,347 |  |  | — |  |  | 41,190 |  |  | 3,522 |  |  | (12 | ) |  | 47,047 |
Intercompany charges (income), net | (24,682 | ) |  | — |  |  | 23,950 |  |  | 732 |  |  | — |  |  | — |
Total | (2,281 | ) |  | 423 |  |  | 821,745 |  |  | 20,573 |  |  | (12 | ) |  | 840,448 |
Interest income (expense), net | (2,303 | ) |  | (10,243 | ) |  | 18 |  |  | — |  |  | — |  |  | (12,528 | )
Other income, net | 22 |  |  | — |  |  | 12,415 |  |  | 506 |  |  | — |  |  | 12,943 |
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (10,666 | ) |  | 62,301 |  |  | (8,595 | ) |  | 12 |  |  | 43,052 |
PROVISION (BENEFIT) FOR INCOME TAXES | — |  |  | (4,181 | ) |  | 24,500 |  |  | (3,363 | ) |  | — |  |  | 16,956 |
NET INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (6,485 | ) |  | 37,801 |  |  | (5,232 | ) |  | 12 |  |  | 26,096 |
EQUITY IN EARNINGS OF SUBSIDIARIES | 26,096 |  |  | 32,581 |  |  | — |  |  | — |  |  | (58,677 | ) |  | — |
NET INCOME (LOSS) | $ | 26,096 |  |  | $ | 26,096 |  |  | $ | 37,801 |  |  | $ | (5,232 | ) |  | $ | (58,665 | ) |  | $ | 26,096 |
Foreign currency translation loss | (54 | ) |  | (54 | ) |  | — |  |  | (54 | ) |  | 108 |  |  | (54 | )
COMPREHENSIVE INCOME (LOSS) | $ | 26,042 |  |  | $ | 26,042 |  |  | $ | 37,801 |  |  | $ | (5,286 | ) |  | $ | (58,557 | ) |  | $ | 26,042 |
Schedule of Condensed Cash Flow Statement |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE NINE MONTHS ENDED APRIL 27, 2013
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
Net cash provided by (used in) operating activities | $ | 1,715 |  |  | $ | (2,198 | ) |  | $ | 93,601 |  |  | $ | (1,791 | ) |  | $ | — |  |  | $ | 91,327 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for acquisitions, net of cash acquired | — |  |  | — |  |  | (318,984 | ) |  | — |  |  | — |  |  | (318,984 | )
Capital expenditures | (6,992 | ) |  | — |  |  | (35,165 | ) |  | (3,586 | ) |  | — |  |  | (45,743 | )
Proceed from sale of assets | — |  |  | — |  |  | 4,412 |  |  | 55 |  |  | — |  |  | 4,467 |
Return of capital from subsidiaries | — |  |  | 1,816 |  |  | — |  |  | — |  |  | (1,816 | ) |  | — |
Investment in subsidiaries | — |  |  | (400 | ) |  | — |  |  | — |  |  | 400 |  |  | — |
Changes in restricted cash | (31 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (31 | )
Net cash used in (provided by) investing activities | (7,023 | ) |  | 1,416 |  |  | (349,737 | ) |  | (3,531 | ) |  | (1,416 | ) |  | (360,291 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of 7.125% senior subordinated notes due 2021, (including $3.8 million premium on issuance) | — |  |  | 93,825 |  |  | — |  |  | — |  |  | — |  |  | 93,825 |
Proceeds from Term Loan on Senior Credit Agreement | 125,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 125,000 |
Proceeds from borrowings on Senior Credit Agreement | 310,500 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 310,500 |
Principal payments on Senior Credit Agreement | (276,063 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (276,063 | )
Debt issuance costs | (4,158 | ) |  | (2,581 | ) |  | — |  |  | — |  |  | — |  |  | (6,739 | )
Repurchases of common stock | (15,203 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (15,203 | )
Exercise of stock options and other | 3,511 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,511 |
Restricted stock tax withholdings | (885 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (885 | )
Excess tax benefit from share-based awards | 758 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 758 |
Principal payments on capital lease obligations | — |  |  | — |  |  | (74 | ) |  | — |  |  | — |  |  | (74 | )
Intercompany funding | (138,152 | ) |  | (90,462 | ) |  | 222,278 |  |  | 4,920 |  |  | 1,416 |  |  | — |
Net cash provided by financing activities | 5,308 |  |  | 782 |  |  | 222,204 |  |  | 4,920 |  |  | 1,416 |  |  | 234,630 |
Net increase (decrease) in cash and equivalents | — |  |  | — |  |  | (33,932 | ) |  | (402 | ) |  | — |  |  | (34,334 | )
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD | — |  |  | — |  |  | 51,563 |  |  | 1,018 |  |  | — |  |  | 52,581 |
CASH AND EQUIVALENTS AT END OF PERIOD | $ | — |  |  | $ | — |  |  | $ | 17,631 |  |  | $ | 616 |  |  | $ | — |  |  | $ | 18,247 |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE NINE MONTHS ENDED APRIL 28, 2012
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
Net cash provided by (used in) operating activities | $ | 734 |  |  | $ | (3,178 | ) |  | $ | 71,636 |  |  | $ | (739 | ) |  | $ | — |  |  | $ | 68,453 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (2,411 | ) |  | — |  |  | (56,832 | ) |  | (3,547 | ) |  | — |  |  | (62,790 | )
Proceeds from sale of assets | — |  |  | — |  |  | 14,980 |  |  | 5,548 |  |  | — |  |  | 20,528 |
Changes in restricted cash | 550 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 550 |
Capital contributions to subsidiaries, net | — |  |  | 6,088 |  |  | — |  |  | — |  |  | (6,088 | ) |  | — |
Net cash provided by (used in) investing activities | (1,861 | ) |  | 6,088 |  |  | (41,852 | ) |  | 2,001 |  |  | (6,088 | ) |  | (41,712 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repurchases of common stock | (10,942 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (10,942 | )
Exercise of stock options and other | 5,299 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,299 |
Restricted stock tax withholdings | (329 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (329 | )
Principal payments on capital lease obligations | — |  |  | — |  |  | (186 | ) |  | — |  |  | — |  |  | (186 | )
Excess tax benefit from share-based awards | 1,361 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,361 |
Intercompany funding | 5,738 |  |  | (2,910 | ) |  | (8,853 | ) |  | (63 | ) |  | 6,088 |  |  | — |
Net cash provided by (used in) financing activities | 1,127 |  |  | (2,910 | ) |  | (9,039 | ) |  | (63 | ) |  | 6,088 |  |  | (4,797 | )
Net increase in cash and equivalents | — |  |  | — |  |  | 20,745 |  |  | 1,199 |  |  | — |  |  | 21,944 |
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD | — |  |  | — |  |  | 44,608 |  |  | 158 |  |  | — |  |  | 44,766 |
CASH AND EQUIVALENTS AT END OF PERIOD | $ | — |  |  | $ | — |  |  | $ | 65,353 |  |  | $ | 1,357 |  |  | $ | — |  |  | $ | 66,710 |

X
- Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a condensed balance sheet. Disclosure may include, but is not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a condensed cash flow statement. Disclosure may include, but is not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a condensed income statement. Disclosure may include, but is not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration