XML 21 R25.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Supplemental Consolidating Financial Statements (Notes) | 9 Months Ended
--- | ---
Apr. 27, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | Supplemental Condensed Consolidating Financial Statements As of April 27, 2013, the outstanding aggregate principal amount of the Company’s 2021 Notes was $277.5 million, comprised of $187.5 million and $90.0 million in principal amount issued in fiscal 2011 and the second quarter of fiscal 2013, respectively. The 2021 Notes were issued by Dycom Investments, Inc., a wholly-owned subsidiary of the Company. See Note 10, Debt, for further information regarding the Company's debt financing. The following condensed consolidating financial statements present, in separate columns, financial information for (i) Dycom Industries, Inc. ("Parent") on a parent only basis, (ii) Dycom Investments, Inc. ("the Issuer"), (iii) the guarantor subsidiaries for the 2021 Notes on a combined basis, (iv) other non-guarantor subsidiaries on a combined basis, (v) the eliminations and reclassifications necessary to arrive at the information for the Company on a consolidated basis, and (vi) the Company on a consolidated basis. The condensed consolidating financial statements are presented in accordance with the equity method. Under this method, the investments in subsidiaries are recorded at cost and adjusted for the Company’s share of subsidiaries’ cumulative results of operations, capital contributions, distributions and other equity changes. Intercompany charges (income) between the Parent and subsidiaries are recognized in the condensed consolidating financial statements during the period incurred and the settlement of intercompany balances is reflected in the condensed consolidating statement of cash flows based on the nature of the underlying transactions. Each guarantor and non-guarantor subsidiary is wholly-owned, directly or indirectly, by the Issuer and the Parent. The Notes are fully and unconditionally guaranteed on a joint and several basis by each guarantor subsidiary and Parent. There are no contractual restrictions limiting transfers of cash from guarantor and non-guarantor subsidiaries to Issuer or Parent, within the meaning of Rule 3-10 of Regulation S-X.
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 |
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 |
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 The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration