XML 81 R41.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Supplemental Consolidating Financial Statements (Tables) | 6 Months Ended
--- | ---
Jan. 25, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of Condensed Balance Sheet |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED) JANUARY 25, 2014
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
ASSETS |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | — |  |  | $ | — |  |  | $ | 15,212 |  |  | $ | 1,132 |  |  | $ | — |  |  | $ | 16,344 |
Accounts receivable, net | — |  |  | — |  |  | 230,775 |  |  | 844 |  |  | — |  |  | 231,619 |
Costs and estimated earnings in excess of billings | — |  |  | — |  |  | 172,989 |  |  | 1,149 |  |  | — |  |  | 174,138 |
Inventories | — |  |  | — |  |  | 43,426 |  |  | — |  |  | — |  |  | 43,426 |
Deferred tax assets, net | 2,543 |  |  | — |  |  | 14,043 |  |  | 80 |  |  | (332 | ) |  | 16,334 |
Income taxes receivable | 18,347 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 18,347 |
Other current assets | 8,503 |  |  | 44 |  |  | 7,248 |  |  | 347 |  |  | — |  |  | 16,142 |
Total current assets | 29,393 |  |  | 44 |  |  | 483,693 |  |  | 3,552 |  |  | (332 | ) |  | 516,350 |
PROPERTY AND EQUIPMENT, NET | 16,402 |  |  | — |  |  | 172,637 |  |  | 14,600 |  |  | — |  |  | 203,639 |
GOODWILL | — |  |  | — |  |  | 267,810 |  |  | — |  |  | — |  |  | 267,810 |
INTANGIBLE ASSETS, NET | — |  |  | — |  |  | 115,243 |  |  | — |  |  | — |  |  | 115,243 |
DEFERRED TAX ASSETS, NET NON-CURRENT | 59 |  |  | — |  |  | 4,122 |  |  | 839 |  |  | (5,020 | ) |  | — |
INVESTMENT IN SUBSIDIARIES | 785,232 |  |  | 1,502,749 |  |  | — |  |  | — |  |  | (2,287,981 | ) |  | — |
INTERCOMPANY RECEIVABLES | — |  |  | — |  |  | 681,310 |  |  | — |  |  | (681,310 | ) |  | — |
OTHER | 8,554 |  |  | 5,976 |  |  | 2,087 |  |  | 235 |  |  | — |  |  | 16,852 |
TOTAL NON-CURRENT ASSETS | 810,247 |  |  | 1,508,725 |  |  | 1,243,209 |  |  | 15,674 |  |  | (2,974,311 | ) |  | 603,544 |
TOTAL ASSETS | $ | 839,640 |  |  | $ | 1,508,769 |  |  | $ | 1,726,902 |  |  | $ | 19,226 |  |  | $ | (2,974,643 | ) |  | $ | 1,119,894 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | 2,607 |  |  | $ | — |  |  | $ | 49,046 |  |  | $ | 662 |  |  | $ | — |  |  | $ | 52,315 |
Current portion of debt | 9,375 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9,375 |
Billings in excess of costs and estimated earnings | — |  |  | — |  |  | 13,869 |  |  | — |  |  | — |  |  | 13,869 |
Accrued insurance claims | 620 |  |  | — |  |  | 31,953 |  |  | 65 |  |  | — |  |  | 32,638 |
Deferred tax liabilities | — |  |  | 155 |  |  | 150 |  |  | 27 |  |  | (332 | ) |  | — |
Other accrued liabilities | 6,663 |  |  | 607 |  |  | 49,018 |  |  | 1,278 |  |  | — |  |  | 57,566 |
Total current liabilities | 19,265 |  |  | 762 |  |  | 144,036 |  |  | 2,032 |  |  | (332 | ) |  | 165,763 |
LONG-TERM DEBT | 135,375 |  |  | 280,926 |  |  | — |  |  | — |  |  | — |  |  | 416,301 |
ACCRUED INSURANCE CLAIMS | 743 |  |  | — |  |  | 30,134 |  |  | 65 |  |  | — |  |  | 30,942 |
DEFERRED TAX LIABILITIES, NET NON-CURRENT | — |  |  | 427 |  |  | 53,005 |  |  | 591 |  |  | (5,020 | ) |  | 49,003 |
INTERCOMPANY PAYABLES | 229,350 |  |  | 441,422 |  |  | — |  |  | 10,538 |  |  | (681,310 | ) |  | — |
OTHER LIABILITIES | 3,271 |  |  | — |  |  | 2,829 |  |  | 149 |  |  | — |  |  | 6,249 |
Total liabilities | 388,004 |  |  | 723,537 |  |  | 230,004 |  |  | 13,375 |  |  | (686,662 | ) |  | 668,258 |
Total stockholders' equity | 451,636 |  |  | 785,232 |  |  | 1,496,898 |  |  | 5,851 |  |  | (2,287,981 | ) |  | 451,636 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 839,640 |  |  | $ | 1,508,769 |  |  | $ | 1,726,902 |  |  | $ | 19,226 |  |  | $ | (2,974,643 | ) |  | $ | 1,119,894 |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEET JULY 27, 2013
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
ASSETS |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | — |  |  | $ | — |  |  | $ | 18,166 |  |  | $ | 441 |  |  | $ | — |  |  | $ | 18,607 |
Accounts receivable, net | — |  |  | — |  |  | 249,533 |  |  | 2,669 |  |  | — |  |  | 252,202 |
Costs and estimated earnings in excess of billings | — |  |  | — |  |  | 202,651 |  |  | 1,698 |  |  | — |  |  | 204,349 |
Inventories | — |  |  | — |  |  | 35,999 |  |  | — |  |  | — |  |  | 35,999 |
Deferred tax assets, net | 2,285 |  |  | — |  |  | 15,873 |  |  | 121 |  |  | (1,426 | ) |  | 16,853 |
Income taxes receivable | 2,516 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,516 |
Other current assets | 2,563 |  |  | 10 |  |  | 7,583 |  |  | 452 |  |  | — |  |  | 10,608 |
Total current assets | 7,364 |  |  | 10 |  |  | 529,805 |  |  | 5,381 |  |  | (1,426 | ) |  | 541,134 |
PROPERTY AND EQUIPMENT, NET | 13,779 |  |  | — |  |  | 173,254 |  |  | 15,670 |  |  | — |  |  | 202,703 |
GOODWILL | — |  |  | — |  |  | 267,810 |  |  | — |  |  | — |  |  | 267,810 |
INTANGIBLE ASSETS, NET | — |  |  | — |  |  | 125,275 |  |  | — |  |  | — |  |  | 125,275 |
DEFERRED TAX ASSETS, NET NON-CURRENT | 691 |  |  | — |  |  | 4,104 |  |  | 66 |  |  | (4,861 | ) |  | — |
INVESTMENT IN SUBSIDIARIES | 769,639 |  |  | 1,472,559 |  |  | — |  |  | — |  |  | (2,242,198 | ) |  | — |
INTERCOMPANY RECEIVABLES | — |  |  | — |  |  | 618,524 |  |  | — |  |  | (618,524 | ) |  | — |
OTHER | 8,739 |  |  | 6,331 |  |  | 2,133 |  |  | 83 |  |  | — |  |  | 17,286 |
TOTAL NON-CURRENT ASSETS | 792,848 |  |  | 1,478,890 |  |  | 1,191,100 |  |  | 15,819 |  |  | (2,865,583 | ) |  | 613,074 |
TOTAL ASSETS | $ | 800,212 |  |  | $ | 1,478,900 |  |  | $ | 1,720,905 |  |  | $ | 21,200 |  |  | $ | (2,867,009 | ) |  | $ | 1,154,208 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | 2,042 |  |  | $ | — |  |  | $ | 75,012 |  |  | $ | 900 |  |  | $ | — |  |  | $ | 77,954 |
Current portion of debt | 7,813 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,813 |
Billings in excess of costs and estimated earnings | — |  |  | — |  |  | 13,788 |  |  | — |  |  | — |  |  | 13,788 |
Accrued insurance claims | 619 |  |  | — |  |  | 28,342 |  |  | 108 |  |  | — |  |  | 29,069 |
Deferred tax liabilities | — |  |  | 155 |  |  | 140 |  |  | 1,131 |  |  | (1,426 | ) |  | — |
Other accrued liabilities | 9,151 |  |  | 1,321 |  |  | 59,374 |  |  | 1,345 |  |  | — |  |  | 71,191 |
Total current liabilities | 19,625 |  |  | 1,476 |  |  | 176,656 |  |  | 3,484 |  |  | (1,426 | ) |  | 199,815 |
LONG-TERM DEBT | 163,062 |  |  | 281,107 |  |  | — |  |  | — |  |  | — |  |  | 444,169 |
ACCRUED INSURANCE CLAIMS | 726 |  |  | — |  |  | 26,426 |  |  | 98 |  |  | — |  |  | 27,250 |
DEFERRED TAX LIABILITIES, NET NON-CURRENT | — |  |  | 427 |  |  | 52,436 |  |  | 610 |  |  | (4,861 | ) |  | 48,612 |
INTERCOMPANY PAYABLES | 185,296 |  |  | 426,251 |  |  | — |  |  | 6,977 |  |  | (618,524 | ) |  | — |
OTHER LIABILITIES | 3,142 |  |  | — |  |  | 2,855 |  |  | 4 |  |  | — |  |  | 6,001 |
Total liabilities | 371,851 |  |  | 709,261 |  |  | 258,373 |  |  | 11,173 |  |  | (624,811 | ) |  | 725,847 |
Total stockholders' equity | 428,361 |  |  | 769,639 |  |  | 1,462,532 |  |  | 10,027 |  |  | (2,242,198 | ) |  | 428,361 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 800,212 |  |  | $ | 1,478,900 |  |  | $ | 1,720,905 |  |  | $ | 21,200 |  |  | $ | (2,867,009 | ) |  | $ | 1,154,208 |
Schedule of Condensed Income Statement |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) FOR THE THREE MONTHS ENDED JANUARY 25, 2014
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
REVENUES: |  |  |  |  |  |  |  |  |  |  |
Contract revenues | $ | — |  |  | $ | — |  |  | $ | 388,402 |  |  | $ | 2,116 |  |  | $ | — |  |  | $ | 390,518 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs of earned revenues, excluding depreciation and amortization | — |  |  | — |  |  | 325,678 |  |  | 1,675 |  |  | — |  |  | 327,353 |
General and administrative | 10,284 |  |  | 215 |  |  | 25,322 |  |  | 2,741 |  |  | — |  |  | 38,562 |
Depreciation and amortization | 1,039 |  |  | — |  |  | 21,230 |  |  | 1,166 |  |  | — |  |  | 23,435 |
Intercompany charges (income), net | (13,130 | ) |  | — |  |  | 13,271 |  |  | (141 | ) |  | — |  |  | — |
Total | (1,807 | ) |  | 215 |  |  | 385,501 |  |  | 5,441 |  |  | — |  |  | 389,350 |
Interest expense, net | (1,807 | ) |  | (4,994 | ) |  | 1 |  |  | — |  |  | — |  |  | (6,800 | )
Other income, net | — |  |  | — |  |  | 630 |  |  | (35 | ) |  | — |  |  | 595 |
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS (LOSS) OF SUBSIDIARIES | — |  |  | (5,209 | ) |  | 3,532 |  |  | (3,360 | ) |  | — |  |  | (5,037 | )
PROVISION (BENEFIT) FOR INCOME TAXES | — |  |  | (2,102 | ) |  | 1,485 |  |  | (1,353 | ) |  | — |  |  | (1,970 | )
NET INCOME (LOSS) BEFORE EQUITY IN EARNINGS (LOSS) OF SUBSIDIARIES | — |  |  | (3,107 | ) |  | 2,047 |  |  | (2,007 | ) |  | — |  |  | (3,067 | )
EQUITY IN EARNINGS (LOSS) OF SUBSIDIARIES | (3,067 | ) |  | 40 |  |  | — |  |  | — |  |  | 3,027 |  |  | — |
NET INCOME (LOSS) | $ | (3,067 | ) |  | $ | (3,067 | ) |  | $ | 2,047 |  |  | $ | (2,007 | ) |  | $ | 3,027 |  |  | $ | (3,067 | )
Foreign currency translation loss | (226 | ) |  | (226 | ) |  | — |  |  | (226 | ) |  | 452 |  |  | (226 | )
COMPREHENSIVE INCOME (LOSS) | $ | (3,293 | ) |  | $ | (3,293 | ) |  | $ | 2,047 |  |  | $ | (2,233 | ) |  | $ | 3,479 |  |  | $ | (3,293 | )
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) FOR THE SIX MONTHS ENDED JANUARY 25, 2014
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
REVENUES: |  |  |  |  |  |  |  |  |  |  |
Contract revenues | $ | — |  |  | $ | — |  |  | $ | 897,832 |  |  | $ | 5,406 |  |  | $ | — |  |  | $ | 903,238 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs of earned revenues, excluding depreciation and amortization | — |  |  | — |  |  | 733,373 |  |  | 4,099 |  |  | — |  |  | 737,472 |
General and administrative | 21,520 |  |  | 441 |  |  | 54,266 |  |  | 5,410 |  |  | — |  |  | 81,637 |
Depreciation and amortization | 1,893 |  |  | — |  |  | 42,851 |  |  | 2,243 |  |  | — |  |  | 46,987 |
Intercompany charges (income), net | (27,106 | ) |  | — |  |  | 27,380 |  |  | (274 | ) |  | — |  |  | — |
Total | (3,693 | ) |  | 441 |  |  | 857,870 |  |  | 11,478 |  |  | — |  |  | 866,096 |
Interest expense, net | (3,696 | ) |  | (9,988 | ) |  | (2 | ) |  | — |  |  | — |  |  | (13,686 | )
Other income, net | 3 |  |  | — |  |  | 2,575 |  |  | 29 |  |  | — |  |  | 2,607 |
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (10,429 | ) |  | 42,535 |  |  | (6,043 | ) |  | — |  |  | 26,063 |
PROVISION (BENEFIT) FOR INCOME TAXES | — |  |  | (4,189 | ) |  | 17,085 |  |  | (2,426 | ) |  | — |  |  | 10,470 |
NET INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (6,240 | ) |  | 25,450 |  |  | (3,617 | ) |  | — |  |  | 15,593 |
EQUITY IN EARNINGS OF SUBSIDIARIES | 15,593 |  |  | 21,833 |  |  | — |  |  | — |  |  | (37,426 | ) |  | — |
NET INCOME (LOSS) | $ | 15,593 |  |  | $ | 15,593 |  |  | $ | 25,450 |  |  | $ | (3,617 | ) |  | $ | (37,426 | ) |  | $ | 15,593 |
Foreign currency translation loss | (286 | ) |  | (286 | ) |  | — |  |  | (286 | ) |  | 572 |  |  | (286 | )
COMPREHENSIVE INCOME (LOSS) | $ | 15,307 |  |  | $ | 15,307 |  |  | $ | 25,450 |  |  | $ | (3,903 | ) |  | $ | (36,854 | ) |  | $ | 15,307 |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) FOR THE THREE MONTHS ENDED JANUARY 26, 2013
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
REVENUES: |  |  |  |  |  |  |  |  |  |  |
Contract revenues | $ | — |  |  | $ | — |  |  | $ | 366,797 |  |  | $ | 2,529 |  |  | $ | — |  |  | $ | 369,326 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs of earned revenues, excluding depreciation and amortization | — |  |  | — |  |  | 299,106 |  |  | 2,410 |  |  | — |  |  | 301,516 |
General and administrative | 14,900 |  |  | 148 |  |  | 21,279 |  |  | 2,500 |  |  | — |  |  | 38,827 |
Depreciation and amortization | 639 |  |  | — |  |  | 18,969 |  |  | 1,211 |  |  | — |  |  | 20,819 |
Intercompany charges (income), net | (17,380 | ) |  | — |  |  | 17,718 |  |  | (338 | ) |  | — |  |  | — |
Total | (1,841 | ) |  | 148 |  |  | 357,072 |  |  | 5,783 |  |  | — |  |  | 361,162 |
Interest expense, net | (1,523 | ) |  | (4,224 | ) |  | (1 | ) |  | — |  |  | — |  |  | (5,748 | )
Other income, net | (318 | ) |  | — |  |  | 756 |  |  | (10 | ) |  | — |  |  | 428 |
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (4,372 | ) |  | 10,480 |  |  | (3,264 | ) |  | — |  |  | 2,844 |
PROVISION (BENEFIT) FOR INCOME TAXES | — |  |  | (1,808 | ) |  | 4,540 |  |  | (1,351 | ) |  | — |  |  | 1,381 |
NET INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (2,564 | ) |  | 5,940 |  |  | (1,913 | ) |  | — |  |  | 1,463 |
EQUITY IN EARNINGS OF SUBSIDIARIES | 1,463 |  |  | 4,027 |  |  | — |  |  | — |  |  | (5,490 | ) |  | — |
NET INCOME (LOSS) | $ | 1,463 |  |  | $ | 1,463 |  |  | $ | 5,940 |  |  | $ | (1,913 | ) |  | $ | (5,490 | ) |  | $ | 1,463 |
Foreign currency translation gain | 11 |  |  | 11 |  |  | — |  |  | 11 |  |  | (22 | ) |  | 11 |
COMPREHENSIVE INCOME (LOSS) | $ | 1,474 |  |  | $ | 1,474 |  |  | $ | 5,940 |  |  | $ | (1,902 | ) |  | $ | (5,512 | ) |  | $ | 1,474 |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) FOR THE SIX MONTHS ENDED JANUARY 26, 2013
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
REVENUES: |  |  |  |  |  |  |  |  |  |  |
Contract revenues | $ | — |  |  | $ | — |  |  | $ | 685,822 |  |  | $ | 6,791 |  |  | $ | — |  |  | $ | 692,613 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs of earned revenues, excluding depreciation and amortization | — |  |  | — |  |  | 552,650 |  |  | 5,932 |  |  | — |  |  | 558,582 |
General and administrative | 23,309 |  |  | 295 |  |  | 38,895 |  |  | 5,153 |  |  | — |  |  | 67,652 |
Depreciation and amortization | 1,380 |  |  | — |  |  | 32,255 |  |  | 2,495 |  |  | — |  |  | 36,130 |
Intercompany charges (income), net | (27,306 | ) |  | — |  |  | 27,990 |  |  | (684 | ) |  | — |  |  | — |
Total | (2,617 | ) |  | 295 |  |  | 651,790 |  |  | 12,896 |  |  | — |  |  | 662,364 |
Interest expense, net | (2,299 | ) |  | (7,644 | ) |  | (3 | ) |  | — |  |  | — |  |  | (9,946 | )
Other income, net | (318 | ) |  | — |  |  | 2,321 |  |  | 39 |  |  | — |  |  | 2,042 |
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (7,939 | ) |  | 36,350 |  |  | (6,066 | ) |  | — |  |  | 22,345 |
PROVISION (BENEFIT) FOR INCOME TAXES | — |  |  | (3,205 | ) |  | 14,676 |  |  | (2,449 | ) |  | — |  |  | 9,022 |
NET INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES | — |  |  | (4,734 | ) |  | 21,674 |  |  | (3,617 | ) |  | — |  |  | 13,323 |
EQUITY IN EARNINGS OF SUBSIDIARIES | 13,323 |  |  | 18,057 |  |  | — |  |  | — |  |  | (31,380 | ) |  | — |
NET INCOME (LOSS) | $ | 13,323 |  |  | $ | 13,323 |  |  | $ | 21,674 |  |  | $ | (3,617 | ) |  | $ | (31,380 | ) |  | $ | 13,323 |
Foreign currency translation gain | 13 |  |  | 13 |  |  | — |  |  | 13 |  |  | (26 | ) |  | 13 |
COMPREHENSIVE INCOME (LOSS) | $ | 13,336 |  |  | $ | 13,336 |  |  | $ | 21,674 |  |  | $ | (3,604 | ) |  | $ | (31,406 | ) |  | $ | 13,336 |
Schedule of Condensed Cash Flow Statement |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE SIX MONTHS ENDED JANUARY 25, 2014
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
Net cash provided by (used in) operating activities | $ | (4,085 | ) |  | $ | (6,135 | ) |  | $ | 79,911 |  |  | $ | (1,825 | ) |  | $ | — |  |  | $ | 67,866 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (3,351 | ) |  | — |  |  | (43,150 | ) |  | (2,739 | ) |  | — |  |  | (49,240 | )
Proceeds from sale of assets | — |  |  | — |  |  | 3,361 |  |  | 1,603 |  |  | — |  |  | 4,964 |
Return of capital from subsidiaries | — |  |  | 683 |  |  | — |  |  | — |  |  | (683 | ) |  | — |
Investment in subsidiaries | — |  |  | (800 | ) |  | — |  |  | — |  |  | 800 |  |  | — |
Changes in restricted cash | (305 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (305 | )
Net cash (used in) investing activities | (3,656 | ) |  | (117 | ) |  | (39,789 | ) |  | (1,136 | ) |  | 117 |  |  | (44,581 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings on senior Credit Agreement | 221,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 221,000 |
Principal payments on senior Credit Agreement, including Term Loan | (247,125 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (247,125 | )
Repurchases of common stock | (9,999 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (9,999 | )
Exercise of stock options | 11,869 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,869 |
Restricted stock tax withholdings | (3,590 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (3,590 | )
Excess tax benefit from share-based awards | 2,297 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,297 |
Intercompany funding | 33,289 |  |  | 6,252 |  |  | (43,076 | ) |  | 3,652 |  |  | (117 | ) |  | — |
Net cash (used in) provided by financing activities | 7,741 |  |  | 6,252 |  |  | (43,076 | ) |  | 3,652 |  |  | (117 | ) |  | (25,548 | )
Net (decrease) increase in cash and equivalents | — |  |  | — |  |  | (2,954 | ) |  | 691 |  |  | — |  |  | (2,263 | )
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD | — |  |  | — |  |  | 18,166 |  |  | 441 |  |  | — |  |  | 18,607 |
CASH AND EQUIVALENTS AT END OF PERIOD | $ | — |  |  | $ | — |  |  | $ | 15,212 |  |  | $ | 1,132 |  |  | $ | — |  |  | $ | 16,344 |
DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE SIX MONTHS ENDED JANUARY 26, 2013
| Parent |  | Issuer |  | Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Eliminations and Reclassifications |  | Dycom Consolidated
| (Dollars in thousands)
Net cash provided by (used in) operating activities | $ | (832 | ) |  | $ | (4,200 | ) |  | $ | 96,059 |  |  | $ | 214 |  |  | $ | — |  |  | $ | 91,241 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for acquisitions, net of cash acquired | — |  |  | — |  |  | (314,771 | ) |  | — |  |  | — |  |  | (314,771 | )
Capital expenditures | (4,508 | ) |  | — |  |  | (22,275 | ) |  | (2,246 | ) |  | — |  |  | (29,029 | )
Proceeds from sale of assets | — |  |  | — |  |  | 2,798 |  |  | 47 |  |  | — |  |  | 2,845 |
Return of capital from (investment in) subsidiaries | — |  |  | 1,816 |  |  | — |  |  | — |  |  | (1,816 | ) |  | — |
Changes in restricted cash | (31 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (31 | )
Net cash (used in) provided by investing activities | (4,539 | ) |  | 1,816 |  |  | (334,248 | ) |  | (2,199 | ) |  | (1,816 | ) |  | (340,986 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of 7.125% senior subordinated notes due 2021, (including $3.8 million premium) | — |  |  | 93,825 |  |  | — |  |  | — |  |  | — |  |  | 93,825 |
Proceeds from borrowings on Senior Credit Agreement | 180,500 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 180,500 |
Proceeds from Term Loan on Senior Credit Agreement | 125,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 125,000 |
Principal payments on Senior Credit Agreement | (160,500 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (160,500 | )
Debt issuance costs | (4,128 | ) |  | (2,281 | ) |  | — |  |  | — |  |  | — |  |  | (6,409 | )
Repurchases of common stock | (15,203 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (15,203 | )
Exercise of stock options and other | 2,890 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,890 |
Restricted stock tax withholdings | (885 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (885 | )
Excess tax benefit from share-based awards | 610 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 610 |
Principal payments on capital lease obligations | — |  |  | — |  |  | (74 | ) |  | — |  |  | — |  |  | (74 | )
Intercompany funding | (122,913 | ) |  | (89,160 | ) |  | 208,228 |  |  | 2,029 |  |  | 1,816 |  |  | — |
Net cash provided by (used in) financing activities | 5,371 |  |  | 2,384 |  |  | 208,154 |  |  | 2,029 |  |  | 1,816 |  |  | 219,754 |
Net increase (decrease) in cash and equivalents | — |  |  | — |  |  | (30,035 | ) |  | 44 |  |  | — |  |  | (29,991 | )
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD | — |  |  | — |  |  | 51,563 |  |  | 1,018 |  |  | — |  |  | 52,581 |
CASH AND EQUIVALENTS AT END OF PERIOD | $ | — |  |  | $ | — |  |  | $ | 21,528 |  |  | $ | 1,062 |  |  | $ | — |  |  | $ | 22,590 |

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 condensed balance sheet, including, but 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 condensed cash flow statement, including, but 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 condensed income statement, including, but 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