MYR GROUP INC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
MYRG$272.81-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of and
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| (in thousands, except share and per share data) | 2024 | 2023 |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $3,464 | $24,899 |
| Accounts receivable, net of allowances of $1,129 and $1,987, respectively | 653,069 | 521,893 |
| Contract assets, net of allowances of $422 and $610, respectively | 301,942 | 420,616 |
| Current portion of receivable for insurance claims in excess of deductibles | 9,081 | 8,267 |
| Refundable income taxes | 4,638 | 4,034 |
| Prepaid expenses and other current assets | 42,468 | 46,535 |
| Total current assets | 1,014,662 | 1,026,244 |
| Property and equipment, net of accumulated depreciation of $387,223 and $380,465, respectively | 278,226 | 268,978 |
| Operating lease right-of-use assets | 42,648 | 35,012 |
| Goodwill | 112,983 | 116,953 |
| Intangible assets, net of accumulated amortization of $34,573 and $30,534, respectively | 75,691 | 83,516 |
| Receivable for insurance claims in excess of deductibles | 34,553 | 33,739 |
| Deferred income taxes | 5,734 | — |
| Investment in joint venture | 3,730 | 8,707 |
| Other assets | 5,832 | 5,597 |
| Total assets | $1,574,059 | $1,578,746 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Current portion of long-term debt | $4,363 | $7,053 |
| Current portion of operating lease obligations | 12,141 | 9,237 |
| Current portion of finance lease obligations | 1,046 | 2,039 |
| Accounts payable | 295,476 | 359,363 |
| Contract liabilities | 321,958 | 240,411 |
| Current portion of accrued self-insurance | 25,883 | 28,269 |
| Accrued income taxes | 196 | 237 |
| Other current liabilities | 87,837 | 100,593 |
| Total current liabilities | 748,900 | 747,202 |
| Deferred income tax liabilities | 52,498 | 48,230 |
| Long-term debt | 70,018 | 29,188 |
| Accrued self-insurance | 53,600 | 51,796 |
| Operating lease obligations, net of current maturities | 30,496 | 25,775 |
| Finance lease obligations, net of current maturities | 1,930 | 314 |
| Other liabilities | 16,257 | 25,039 |
| Total liabilities | 973,699 | 927,544 |
| Commitments and contingencies | ||
| Shareholders’ equity | ||
| Preferred stock – $0.01 par value per share; 4,000,000 authorized shares; none issued and outstanding at December 31, 2024 and December 31, 2023 | — | — |
| Common stock – $0.01 par value per share; 100,000,000 authorized shares; 16,121,901 and 16,684,492 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 161 | 167 |
| Additional paid-in capital | 159,133 | 162,386 |
| Accumulated other comprehensive loss | (12,651) | (3,880) |
| Retained earnings | 453,717 | 492,529 |
| Total shareholders’ equity | 600,360 | 651,202 |
| Total liabilities and shareholders’ equity | $1,574,059 | $1,578,746 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.