SUPPLEMENTAL CONSOLIDATING FINANCIAL STATEMENTS (Tables)

12 Months Ended

Jul. 28, 2012

Supplemental Consolidating Financial Statements [Abstract]

Schedule of supplemental consolidating financial statements table [Text Block]

DYCOM INDUSTRIES, INC. AND SUBSIDIARIES
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
CONSOLIDATED BALANCE SHEET
JULY 30, 2011
	Parent		Issuer		Subsidiary Guarantors		Non- Guarantor Subsidiaries		Eliminations and Reclassifications			Dycom Consolidated
	(Dollars in thousands)
ASSETS
CURRENT ASSETS:
Cash and equivalents	$	-	$	-	$	44,608	$	158	$	-		$	44,766
Accounts receivable, net		-		-		136,168		2,384		-			138,552
Costs and estimated earnings in excess of billings		-		-		89,120		1,735		-			90,855
Inventories		-		-		20,488		70		-			20,558
Deferred tax assets, net		1,458		-		14,596		168		(265	)		15,957
Income taxes receivable		8,685		-		-		-		-			8,685
Other current assets		2,492		9		7,505		932		-			10,938
Total current assets		12,635		9		312,485		5,447		(265	)		330,311
PROPERTY AND EQUIPMENT, NET		8,880		-		119,722		21,399		(562	)		149,439
GOODWILL		-		-		174,849		-		-			174,849
INTANGIBLE ASSETS, NET		-		-		56,279		-		-			56,279
DEFERRED TAX ASSETS, NET NON-CURRENT		-		54		8,067		179		(8,300	)		-
INVESTMENT IN SUBSIDIARIES		695,073		1,373,992		-		-		(2,069,065	)		-
INTERCOMPANY RECEIVABLES		-		-		859,629		-		(859,629	)		-
OTHER		6,924		4,745		1,907		301		-			13,877
TOTAL NON-CURRENT ASSETS		710,877		1,378,791		1,220,453		21,879		(2,937,556	)		394,444
TOTAL ASSETS	$	723,512	$	1,378,800	$	1,532,938	$	27,326	$	(2,937,821	)	$	724,755
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	$	159	$	-	$	38,847	$	393	$	-		$	39,399
Current portion of debt		-		-		232		-		-			232
Billings in excess of costs and estimated earnings		-		-		749		-		-			749
Accrued insurance claims		606		-		25,413		73		-			26,092
Deferred tax liabilities		-		193		4		68		(265	)		-
Other accrued liabilities		5,651		1,106		43,340		1,944		-			52,041
Total current liabilities		6,416		1,299		108,585		2,478		(265	)		118,513
LONG-TERM DEBT		-		187,500		74		-		-			187,574
ACCRUED INSURANCE CLAIMS		716		-		22,569		59		-			23,344
DEFERRED TAX LIABILITIES, NET NON-CURRENT		737		-		45,123		2,363		(8,300	)		39,923
INTERCOMPANY PAYABLES		361,067		494,928		-		3,646		(859,641	)		-
OTHER LIABILITIES		2,725		-		820		5		-			3,550
Total liabilities		371,661		683,727		177,171		8,551		(868,206	)		372,904
Total stockholders' equity		351,851		695,073		1,355,767		18,775		(2,069,615	)		351,851
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	723,512	$	1,378,800	$	1,532,938	$	27,326	$	(2,937,821	)	$	724,755

DYCOM INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
YEAR ENDED JULY 28, 2012
	Parent			Issuer			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations and Reclassifications			Dycom Consolidated
	(Dollars in thousands)
REVENUES:
Contract Revenues	$	-		$	-		$	1,186,380		$	14,739		$	-		$	1,201,119
EXPENSES:
Costs of earned revenues, excluding depreciation and amortization		-			-			957,449			11,500			-			968,949
General and administrative		28,048			574			65,185			10,217			-			104,024
Depreciation and amortization		3,137			-			54,735			4,833			(12	)		62,693
Intercompany charges (income), net		(34,212	)		-			33,749			463			-			-
Total		(3,027	)		574			1,111,118			27,013			(12	)		1,135,666
Interest income (expense), net		(3,049	)		(13,660	)		(8	)		-			-			(16,717	)
Other income, net		22			-			15,281			522			-			15,825
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES		-			(14,234	)		90,535			(11,752	)		12			64,561
PROVISION (BENEFIT) FOR INCOME TAXES		-			(5,550	)		35,299			(4,566	)		-			25,183
NET INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES		-			(8,684	)		55,236			(7,186	)		12			39,378
EQUITY IN EARNINGS OF SUBSIDIARIES		39,378			48,062			-			-			(87,440	)		-
NET INCOME (LOSS)	$	39,378		$	39,378		$	55,236		$	(7,186	)	$	(87,428	)	$	39,378

DYCOM INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
YEAR ENDED JULY 30, 2011
	Parent			Issuer			Subsidiary Guarantors		Non-Guarantor Subsidiaries			Eliminations and Reclassifications			Dycom Consolidated
	(Dollars in thousands)
REVENUES:
Contract Revenues	$	-		$	-		$	1,025,484	$	10,384		$	-		$	1,035,868
EXPENSES:
Costs of earned revenues, excluding depreciation and amortization		-			-			827,980		9,139			-			837,119
General and administrative		23,520			648			62,174		8,280			-			94,622
Depreciation and amortization		3,192			-			54,232		5,156			(47	)		62,533
Intercompany charges (income), net		(29,852	)		-			29,437		415			-			-
Total		(3,140	)		648			973,823		22,990			(47	)		994,274
Interest income (expense), net		(3,140	)		(12,852	)		81		-			-			(15,911	)
Loss on debt extinguishment		-			(8,295	)		-		-			-			(8,295	)
Other income, net		-			-			10,845		251			-			11,096
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES		-			(21,795	)		62,587		(12,355	)		47			28,484
PROVISION (BENEFIT) FOR INCOME TAXES		-			(9,430	)		27,142		(5,335	)		-			12,377
NET INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES		-			(12,365	)		35,445		(7,020	)		47			16,107
EQUITY IN EARNINGS OF SUBSIDIARIES		16,107			28,472			-		-			(44,579	)		-
NET INCOME (LOSS)	$	16,107		$	16,107		$	35,445	$	(7,020	)	$	(44,532	)	$	16,107

DYCOM INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
YEAR ENDED JULY 31, 2010
	Parent			Issuer			Subsidiary Guarantors		Non-Guarantor Subsidiaries			Eliminations and Reclassifications			Dycom Consolidated
	(Dollars in thousands)
REVENUES:
Contract revenues	$	-		$	-		$	980,082	$	8,541		$	-		$	988,623
EXPENSES:
Costs of earned revenues, excluding depreciation and amortization		-			-			802,203		7,861			-			810,064
General and administrative		21,659			457			65,058		10,966			-			98,140
Depreciation and amortization		3,293			-			56,368		3,991			(45	)		63,607
Intercompany charges (income), net		(27,589	)		-			27,026		563			-			-
Total		(2,637	)		457			950,655		23,381			(45	)		971,811
Interest income (expense), net		(2,637	)		(11,558	)		20		-			-			(14,175	)
Other income, net		-			-			8,007		86			-			8,093
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES		-			(12,015	)		37,454		(14,754	)		45			10,730
PROVISION (BENEFIT) FOR INCOME TAXES		1,092			(5,493	)		16,027		(6,745	)		-			4,881
NET INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF SUBSIDIARIES		(1,092	)		(6,522	)		21,427		(8,009	)		45			5,849
EQUITY IN EARNINGS OF SUBSIDIARIES		6,941			13,463			-		-			(20,404	)		-
NET INCOME (LOSS)	$	5,849		$	6,941		$	21,427	$	(8,009	)	$	(20,359	)	$	5,849

DYCOM INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
YEAR ENDED JULY 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	$	6,755		$	(8,774	)	$	69,823		$	(2,679	)	$	-		$	65,125
Cash flows from investing activities:
Capital expenditures		(3,685	)		-			(69,362	)		(4,565	)		-			(77,612	)
Proceeds from sale of assets		-			-			19,211			5,572			-			24,783
Changes in restricted cash		926			-			-			-			-			926
Capital contributions to subsidiaries		-			(4,943	)		-			-			4,943			-
Net cash provided by (used in) investing activities		(2,759	)		(4,943	)		(50,151	)		1,007			4,943			(51,903	)
Cash flows from financing activities:
Repurchases of common stock		(12,960	)		-			-			-			-			(12,960	)
Exercise of stock options and other		6,490			-			-			-			-			6,490
Restricted stock tax withholdings		(329	)		-			-			-			-			(329	)
Excess tax benefit from share-based awards		1,625			-			-			-			-			1,625
Principal payments on capital lease obligations		-			-			(233	)		-			-			(233	)
Intercompany funding		1,178			13,717			(12,484	)		2,532			(4,943	)		-
Net cash provided by (used in) financing activities		(3,996	)		13,717			(12,717	)		2,532			(4,943	)		(5,407	)
Net increase in cash and equivalents		-			-			6,955			860			-			7,815
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD		-			-			44,608			158			-			44,766
CASH AND EQUIVALENTS AT END OF PERIOD	$	-		$	-		$	51,563		$	1,018		$	-		$	52,581

DYCOM INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEAR ENDED JULY 30, 2011
	Parent			Issuer			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations and Reclassifications			Dycom Consolidated
	(Dollars in thousands)
Net cash provided by (used in) operating activities	$	7,979		$	(12,343	)	$	53,611		$	(5,390	)	$	-		$	43,857
Cash flows from investing activities:
Capital expenditures		(1,746	)		-			(53,346	)		(6,365	)		-			(61,457	)
Proceeds from sale of assets		-			-			11,645			660			-			12,305
Cash paid for acquisitions		-			(27,500	)		(8,951	)		-			-			(36,451	)
Changes in restricted cash		25			-			200			-			-			225
Capital contributions to subsidiaries		-			(52,492	)		-			-			52,492			-
Net used in investing activities		(1,721	)		(79,992	)		(50,452	)		(5,705	)		52,492			(85,378	)
Cash flows from financing activities:
Repurchases of common stock		(64,548	)		-			-			-			-			(64,548	)
Exercise of stock options and other		1,321			-			-			-			-			1,321
Restricted stock tax withholdings		(197	)		-			-			-			-			(197	)
Principal payments on capital lease obligations		-			-			(582	)		-			-			(582	)
Debt issuance costs		(456	)		(4,721	)		-			-			-			(5,177	)
Proceeds from issuance of 7.125% senior subordinated notes due 2021		-			187,500			-			-			-			187,500
Purchase of 8.125% senior subordinated notes due 2015		-			(135,350	)		-			-			-			(135,350	)
Intercompany funding		57,622			44,906			(60,827	)		10,791			(52,492	)		-
Net cash provided by (used in) financing activities		(6,258	)		92,335			(61,409	)		10,791			(52,492	)		(17,033	)
Net decrease in cash and equivalents		-			-			(58,250	)		(304	)		-			(58,554	)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD		-			-			102,858			462			-			103,320
CASH AND EQUIVALENTS AT END OF PERIOD	$	-		$	-		$	44,608		$	158		$	-		$	44,766

DYCOM INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEAR ENDED JULY 31, 2010
	Parent			Issuer			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations and Reclassifications			Dycom Consolidated
	(Dollars in thousands)
Net cash provided by (used in) operating activities	$	1,412		$	(6,025	)	$	62,857		$	(4,106	)	$	-		$	54,138
Cash flows from investing activities:
Capital expenditures		(3,191	)		-			(47,248	)		(4,937	)		-			(55,376	)
Proceeds from sale of assets		-			-			8,617			151			-			8,768
Capital contributions to subsidiaries		-			(26,615	)		-			-			26,615			-
Net used in investing activities		(3,191	)		(26,615	)		(38,631	)		(4,786	)		26,615			(46,608	)
Cash flows from financing activities:
Repurchases of common stock		(4,489	)		-			-			-			-			(4,489	)
Exercise of stock options and other		33			-			-			-			-			33
Restricted stock tax withholdings		(274	)		-			-			-			-			(274	)
Excess tax benefit from share-based awards		69			-			-			-			-			69
Principal payments on capital lease obligations		-			-			(1,023	)		-			-			(1,023	)
Debt issuance costs		(3,233	)		-			-			-			-			(3,233	)
Intercompany funding		9,673			32,640			(24,927	)		9,229			(26,615	)		-
Net cash provided by (used in) financing activities		1,779			32,640			(25,950	)		9,229			(26,615	)		(8,917	)
Net increase (decrease) in cash and equivalents		-			-			(1,724	)		337			-			(1,387	)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD		-			-			104,582			125			-			104,707
CASH AND EQUIVALENTS AT END OF PERIOD	$	-		$	-		$	102,858		$	462		$	-		$	103,320