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IEA Price Correlated With Financials For Infrastructure and Energy Alternatives

Free historical financial statements for Infrastructure and Energy Alternatives Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 17 quarters since 2018. Compare with IEA stock chart to see long term trends.

IEA Stock Compared to Quarterly

IEA Income Statement

Revenue, Net:360095000
Revenue Per Share:7.4518
Cost of Goods & Services Sold:356265000
Gross Profit:3830000
Selling, General & Admin Expense:34882000
Operating Income:-38495000
Income Taxes:-11424000
Net Income:-27071000
Earnings Per Share, Basic:-0.56
Shares Outstanding, Basic Avg:48323406

IEA Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:12286000
Change in Accounts Receiveable:-26160000
Net Cash from Operations:-79021000
Net Cash from Operations Per Share:-1.6353
Net Cash from Financing Activities:-12197000
Property, Plant & Equipment Purchases:4788000
Net Cash from Investing Activities:-4077000
Net Change in Cash & Equivalents:-95295000

IEA Balance Sheet

Cash and Cash Equivalents:28732000
Accounts Receivable, Net:254540000
Total Current Assets:576461000
Property, Plant & Equipment, Net:148486000
Total Assets:824359000
Accounts Payable:131415000
Current Portion of Long-Term Debt:1573000
Total Short-Term Liabilities:445451000
Long Term Debt, Non-Current Portion:290891000
Total Liabilities:817158000

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Ares Management LLC
15,241,275 sh
Alliancebernstein L.P.
2,380,529 sh
1,988,015 sh
Blackrock Inc.
2,185,219 sh
464,684 sh
Rubric Capital Management Lp
1,867,525 sh
1,786,238 sh
Vanguard Group Inc
1,508,411 sh
89,134 sh
Invesco Ltd.
1,458,808 sh
-785,617 sh
Royce & Associates Lp
880,545 sh
-1,733 sh
First Trust Advisors Lp
655,444 sh
41,834 sh
Assenagon Asset Management S.A.
631,971 sh
631,971 sh
Rothschild & Co Asset Management Us Inc.
573,256 sh
-269,599 sh
Geode Capital Management, LLC
532,675 sh
43,461 sh
Russell Investments Group, Ltd.
302,680 sh
-67,615 sh
Healthcare Of Ontario Pension Plan Trust Fund
238,689 sh
199,928 sh
Northern Trust Corp
238,139 sh
-9,755 sh
Essex Investment Management Co LLC
225,739 sh
41,177 sh
Rice Hall James & Associates, LLC
198,465 sh
-88,399 sh
Los Angeles Capital Management & Equity Research Inc
194,656 sh
165,082 sh
GMO Grantham, Mayo, Van Otterloo LLC
194,000 sh
45,400 sh
Alps Advisors Inc
192,126 sh
-65,045 sh
First Eagle Investment Management, LLC
174,443 sh
91,343 sh
Business, Basis of Presentation and Significant Accounting Policies Infrastructure and Energy Alternatives, Inc. (f/k/a M III Acquisition Corporation (“M III”)), a Delaware corporation, is a holding company organized on August 4, 2015 (together with its wholly-owned subsidiaries, “IEA” or the “Company”).

The Company specializes in providing complete engineering, procurement and construction (“EPC”) services throughout the United States (“U.S.”) for the renewable energy, traditional power and civil infrastructure industries. These services include the design, site development, construction, installation and restoration of infrastructure. Although the Company has historically focused on the wind industry, but has recently focused on further expansion into the solar market and with our 2018 acquisitions expanded its construction capabilities and geographic footprint in the areas of renewables, environmental remediation, industrial maintenance, specialty paving, heavy civil and rail infrastructure construction, creating a diverse national platform of specialty construction capabilities.

Reportable Segments

The Company has two reportable segments: the Renewables (“Renewables”) segment and the Heavy Civil and Industrial (“Specialty Civil”) segment. See Note 13. Segments for a description of the reportable segments and their operations.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of Infrastructure and Energy Alternatives, Inc. and its wholly-owned direct and indirect domestic and foreign subsidiaries. The Company occasionally forms joint ventures with unrelated third parties for the execution of single contracts or projects. The Company assesses its joint ventures to determine if they meet the qualifications of a variable interest entity (“VIE”) in accordance with Accounting Standard Codification (“ASC”) Topic 810, Consolidation. For construction joint ventures that are not VIEs or fully consolidated but for which the Company has significant influence, the Company accounts for its interest in the joint ventures using the proportionate consolidation method, see Note 14. Joint Ventures . All intercompany accounts and transactions are eliminated in consolidation.

Basis of Accounting and Use of Estimates

The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (“GAAP”). The preparation of the consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the amounts reported in the consolidated financial statements and the accompanying notes. Key estimates include: the recognition of revenue and profit or loss from construction projects; fair value estimates related to warrant liabilities; valuations of goodwill and intangible assets; asset lives used in computing depreciation and amortization; accrued self-insured claims; other reserves and accruals; accounting for income taxes; and the estimated impact of contingencies and ongoing litigation. While management believes that such estimates are reasonable when considered in conjunction with the Company’s consolidated financial position and results of operations, actual results could differ materially from those estimates.

The prior period classification of the warrant liability fair value adjustment for the Series B Preferred Stock - Anti-dilution warrants has been revised to conform to the current period presentation within the Consolidated Statements of Operations. This reclassification has no effect on net income or stockholders' equity.

Cash and Cash Equivalents

The Company considers all unrestricted, highly liquid investments with a maturity of three months or less when purchased to be cash and cash equivalents. The Company maintains cash balances in various United States (“US”)-backed banks, which, at times, may exceed the amounts insured by the Federal Deposit Insurance Corporation

Data imported from Infrastructure and Energy Alternatives Inc. SEC filings. Check original filings before making any investment decision.