MYR GROUP INC.
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 28, 2026
MYRG$272.81-2.3%Stored close · as of Nov 10, 2026
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Unaudited Consolidated Statements of Cash Flows for the and
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine months endedSeptember 30, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income | $156,656 | $81,868 |
| Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
| Depreciation and amortization of property and equipment | 51,622 | 45,664 |
| Amortization of intangible assets | 8,514 | 3,613 |
| Stock-based compensation expense | 13,395 | 9,808 |
| Deferred income taxes | 2,380 | 3,312 |
| Gain on sale of property and equipment | (3,282) | (3,213) |
| Other non-cash items | 586 | 345 |
| Changes in operating assets and liabilities, net of acquisition: | ||
| Accounts receivable, net | (93,939) | 53,714 |
| Contract assets, net | (21,461) | (38,538) |
| Receivable for insurance claims in excess of deductibles | 900 | (511) |
| Other assets | 18,069 | 14,241 |
| Accounts payable | 33,756 | 4,795 |
| Contract liabilities, net | (54,796) | (31,113) |
| Accrued self-insurance | 2,457 | 2,845 |
| Other liabilities | 19,298 | 64,907 |
| Net cash flows provided by operating activities | 134,155 | 211,737 |
| Cash flows from investing activities: | ||
| Proceeds from sale of property and equipment | 4,019 | 6,014 |
| Cash paid for acquired business | (324,788) | — |
| Purchases of property and equipment | (81,974) | (64,467) |
| Net cash flows used in investing activities | (402,743) | (58,453) |
| Cash flows from financing activities: | ||
| Borrowings under revolving lines of credit | 786,645 | 635,003 |
| Repayments under revolving lines of credit | (824,059) | (633,048) |
| Borrowing under term loans | 199,287 | — |
| Payment of principal obligations under equipment notes | (4,596) | (4,360) |
| Payment of principal obligations under finance leases | (668) | (844) |
| Repurchase of common stock | (1,307) | (75,000) |
| Debt refinancing costs | (3,634) | — |
| Payments related to tax withholding for stock-based compensation | (7,294) | (2,653) |
| Other financing activities | 254 | — |
| Net cash flows provided by (used in) financing activities | 144,628 | (80,902) |
| Effect of exchange rate changes on cash | (186) | 365 |
| Net increase (decrease) in cash and cash equivalents | (124,146) | 72,747 |
| Cash and cash equivalents: | ||
| Beginning of period | 150,156 | 3,464 |
| End of period | $26,010 | $76,211 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.