7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 
      
    		                             
      cash flows from operating activities:
    		                             
      net income
    		44,047,000 4,215,000 -3,051,000 29,308,000 30,908,000 -1,124,000 9,843,000 30,913,000 21,677,000 -5,481,000 1,892,000 13,115,000 12,168,000 -9,418,000 5,511,000 7,901,000 9,340,000 -4,935,000 7,871,000 17,552,000 15,747,000 1,537,000 5,461,000 16,553,000 17,202,000 4,212,000 5,154,000 15,144,000 13,403,000 
      adjustments to reconcile net income to net cash, cash equivalents and restricted cash from operating activities:
    		                             
      depreciation, depletion, accretion and amortization
    		39,294,000 37,263,000 31,184,000 25,452,000 23,507,000 22,840,000 21,121,000    18,375,000                   
      amortization of deferred debt issuance costs
    		1,168,000 1,716,000 495,000 139,000 75,000 74,000 74,000                     34,000 21,000 
      unrealized loss on derivative instruments
    		    -10,000 -32,000 226,000                       
      benefit from bad debt
    		88,000 80,000 92,000  35,000 54,000 281,000  380,000 30,000 40,000 130,000 -1,207,000 17,000 113,000 344,000 79,000 186,000 175,000 254,000 146,000 160,000 145,000 574,000 131,000 145,000 145,000 169,000 145,000 
      gain on sale of property, plant and equipment
    		-3,975,000 -3,407,000 -1,055,000 -1,523,000 -1,093,000 -1,031,000 -836,000 -2,223,000 -1,499,000 -3,158,000 -168,000                   
      realized loss on sales, calls and maturities of restricted investments
    		37,000    4,000 26,000 23,000    1,000                   
      share-based compensation expense
    		7,980,000 4,480,000 14,403,000 4,206,000 3,985,000 3,332,000 2,889,000                       
      income from investment in joint venture
    		0    0                         
      deferred income tax benefit
    		1,180,000 -69,000 -1,411,000  112,000 98,000 -404,000  79,000 78,000 -302,000  52,000 50,000 -295,000               
      other non-cash adjustments
    		-177,000 -259,000 -229,000 -121,000 45,000 -138,000 -86,000 -146,000 -48,000 -14,000 -55,000 -57,000 58,000 6,000 33,000 11,000 -33,000 -3,000 -21,000 7,000 -1,000 -5,000 -6,000       
      changes in operating assets and liabilities, net of business acquisitions:
    		                             
      contracts receivable including retainage
    		-43,177,000 -13,224,000 62,560,000 4,683,000 -54,753,000 -20,064,000 63,507,000 -48,738,000 -11,315,000 -12,980,000 47,072,000 -25,210,000 -68,044,000 -4,597,000 776,000 5,901,000 -39,238,000 -12,275,000 18,538,000 1,062,000 -10,335,000 -5,301,000 21,981,000 -5,747,000 -29,299,000 -11,714,000 26,174,000 -4,782,000 -30,756,000 
      costs and estimated earnings in excess of billings on uncompleted contracts
    		-7,570,000 -9,240,000 -5,767,000 9,804,000 3,526,000 -5,596,000 -2,203,000 6,153,000 -4,323,000 3,241,000 -2,498,000 3,364,000 -8,226,000 -2,449,000 1,188,000 -7,253,000 1,905,000 -5,527,000 -4,275,000 7,731,000 497,000 -1,949,000 -2,122,000 2,013,000 -1,448,000 -2,403,000 -858,000 3,173,000 -588,000 
      inventories
    		-493,000 6,047,000 -10,434,000 1,479,000 -991,000 -6,088,000 -9,880,000 4,679,000 -1,847,000 -6,685,000 -3,467,000 4,213,000 -8,061,000 -11,136,000 -2,529,000 4,129,000 -4,579,000 -4,410,000 928,000 695,000 2,754,000 -3,097,000 -1,535,000 3,166,000 -4,027,000 -3,983,000 -3,982,000 589,000 -993,000 
      prepaid expenses and other current assets
    		174,000 5,391,000 -143,000 -11,821,000 -3,359,000 1,086,000 1,079,000 436,000 6,460,000 -2,931,000 -315,000 -2,585,000 5,823,000 -4,636,000 -3,514,000 -36,000 2,620,000 -224,000 -4,119,000 4,236,000 2,270,000 4,540,000 -2,943,000       
      other assets
    		-2,295,000 -1,234,000 410,000 393,000 -330,000 -265,000 -320,000 154,000 -77,000 137,000 -343,000 1,938,000 -3,243,000 919,000 -569,000 1,195,000 -2,848,000 -329,000 -946,000 189,000 -21,000 1,000 331,000 4,008,000 -141,000 3,821,000 298,000 4,292,000 -119,000 
      accounts payable
    		43,581,000 19,884,000 -47,490,000 12,798,000 13,171,000 13,794,000 -26,330,000 24,661,000 5,323,000 10,816,000 -23,580,000 11,294,000 32,451,000 8,006,000 -10,432,000 3,412,000 19,253,000 12,791,000 -15,255,000 7,153,000 -411,000 9,363,000 -21,815,000 5,210,000 17,633,000 9,379,000 -25,290,000 15,406,000 7,134,000 
      billings in excess of costs and estimated earnings on uncompleted contracts
    		-14,775,000 -1,008,000 6,302,000 -2,173,000 4,630,000 13,858,000 8,554,000 9,940,000 6,744,000 5,101,000 2,314,000 2,256,000 1,075,000 7,689,000 4,615,000 2,164,000 5,112,000 -4,487,000 -2,774,000 -807,000 4,971,000 -1,629,000 54,000 -1,229,000 -2,313,000 -4,814,000 733,000 -782,000 2,824,000 
      accrued expenses and other current liabilities
    		18,074,000 7,121,000 -6,554,000 -542,000 17,346,000 -3,654,000 -8,322,000 4,081,000 4,548,000 3,372,000 -9,661,000 -4,613,000 5,011,000 1,859,000 -13,816,000 878,000 2,978,000 9,419,000 -9,427,000 1,057,000 5,996,000 3,477,000 -7,444,000 620,000 3,469,000 3,430,000 -5,402,000 1,270,000 -2,801,000 
      other long-term liabilities
    		-140,000 -2,160,000 1,333,000 820,000 -2,177,000 999,000 1,162,000 -1,820,000 1,269,000 1,380,000 1,404,000 -2,491,000 758,000 1,612,000 1,455,000 2,482,000 -91,000 -110,000 -130,000 678,000 1,000 53,000 -77,000 487,000 213,000 122,000 -9,000 1,196,000 -169,000 
      net cash from operating activities, net of business acquisitions
    		83,021,000    34,631,000 18,172,000 60,378,000                       
      cash flows from investing activities:
    		                             
      purchases of property, plant and equipment
    		-36,660,000 -41,394,000 -26,832,000 -17,520,000 -14,892,000 -28,735,000 -26,783,000 -18,764,000 -18,647,000 -28,736,000 -31,663,000 -16,615,000 -17,533,000 -19,597,000 -15,106,000 -16,744,000 -12,690,000 -16,436,000 -10,462,000 -11,039,000 -7,023,000 -10,917,000 -23,595,000 -10,735,000 -11,942,000 -12,396,000 -7,406,000 -9,344,000 -11,494,000 
      proceeds from sale of property, plant and equipment
    		5,259,000 4,148,000 1,843,000 6,012,000 3,085,000 2,502,000 2,460,000 5,058,000 4,339,000 6,694,000 1,607,000                   
      proceeds from sales, calls and maturities of restricted investments
    		4,411,000    942,000 905,000 1,013,000    170,000                   
      business acquisitions, net of cash acquired
    		-106,927,000 -174,536,000 -654,200,000 -96,558,000 -47,369,000 -6,499,000 -81,351,000 -9,047,000 -4,898,000 -636,000 -77,206,000 -25,675,000 0 -36,992,000 -65,901,000 -118,431,000 -7,809,000 -408,000 -84,086,000 0 0         
      purchase of restricted investments
    		-5,980,000    -2,506,000    -2,734,000   230,000 -1,304,000                 
      net cash from investing activities
    		-139,897,000 -214,203,000 -679,030,000 -108,487,000 -60,740,000 -33,697,000 -104,661,000 -24,734,000 -21,403,000 -26,565,000 -70,670,000 -38,719,000 -18,430,000 -59,903,000 -80,274,000 -133,882,000 -19,065,000 -16,409,000 -94,056,000 -10,180,000 -6,399,000 -22,433,000 -40,351,000 -13,877,000 -11,229,000 -30,049,000 -5,070,000 -7,302,000 -62,411,000 
      cash flows from financing activities:
    		                             
      proceeds from revolving credit facility
    		73,438,000     0 90,000,000    53,000,000   46,000,000 70,000,000               
      proceeds from issuance of long-term debt, net of debt issuance costs
    		-1,042,000   60,850,000                          
      repayments of long-term debt
    		-2,125,000 -7,438,000 -128,163,000  -20,000,000 -3,750,000 -23,750,000  -3,125,000 -3,125,000 -3,125,000   -2,500,000 -2,500,000  -86,350,000 -3,250,000 -3,250,000  -17,580,000 -7,145,000 -2,149,000 -1,897,000 -3,698,000 -3,695,000 -3,711,000 -3,696,000 -3,665,000 
      purchase of treasury stock
    		-674,000 -8,048,000 -12,081,000 -4,707,000 -5,269,000 0 -1,336,000 0 0 0 -139,000 0 0 0 -39,000               
      net cash from financing activities
    		69,597,000 129,085,000 694,751,000 30,830,000 34,116,000 -3,750,000 64,914,000 -43,750,000 -3,125,000 -3,125,000 49,736,000 21,875,000 26,300,000 43,500,000 67,461,000 17,499,000 112,848,000 -3,250,000 -3,250,000 26,042,000 362,000 7,855,000 7,628,000 -2,463,000 -3,698,000 -3,695,000 -3,711,000 -11,205,000 116,261,000 
      net change in cash, cash equivalents and restricted cash
    		12,721,000 -29,484,000 56,384,000 18,241,000 8,007,000 -19,275,000 20,631,000 -5,869,000 24,318,000 -12,878,000 7,950,000    -13,390,000               
      cash, cash equivalents and restricted cash:
    		                             
      cash, cash equivalents and restricted cash, beginning of period
    		0 0 76,684,000  0 0 49,080,000  0 0 35,559,000  0 0 57,251,000               
      cash, cash equivalents and restricted cash, end of period
    		12,721,000 -29,484,000 133,068,000  8,007,000 -19,275,000 69,711,000  24,318,000 -12,878,000 43,509,000  -5,145,000 -12,532,000 43,861,000               
      supplemental cash flow information:
    		                             
      cash paid for interest
    		22,363,000 20,737,000 15,051,000 6,479,000 5,632,000 4,877,000 4,692,000 4,838,000 5,272,000 4,983,000 4,064,000 3,562,000 2,352,000 1,767,000 1,608,000 1,247,000 647,000 631,000 672,000 625,000 492,000 428,000 496,000 641,000 633,000 618,000 747,000 758,000 608,000 
      cash paid for income taxes
    		1,688,000   1,162,000 1,130,000   -12,000 395,000   0 296,000   2,650,000 250,000   4,305,000 2,200,000 3,100,000 300,000 5,887,000 1,700,000 1,472,000 60,000 1,800,000 9,850,000 
      cash paid for operating lease liabilities
    		4,508,000 3,958,000 3,233,000 2,568,000 2,871,000 551,000 884,000 1,227,000 598,000 470,000 734,000 613,000 639,000 579,000 565,000 737,000 561,000 486,000 748,000 764,000 792,000 802,000 870,000       
      non-cash items:
    		                             
      operating lease right-of-use assets obtained in exchange for operating lease liabilities
    		-2,993,000 16,652,000 3,961,000 6,111,000 12,987,000 5,301,000 4,698,000 -2,308,000 1,355,000 -299,000 4,361,000 3,420,000 226,000 992,000 4,991,000 1,249,000 474,000 333,000 282,000 275,000 101,000 923,000 217,000       
      property, plant and equipment financed with accounts payable
    		-1,090,000 3,089,000 3,694,000 4,737,000 -64,000 -4,534,000 7,088,000    4,953,000    6,256,000    1,549,000   403,000 391,000 572,000 -37,000 191,000 178,000 243,000  
      amounts payable to sellers in business combinations
    		-19,181,000               161,000              
      realized loss on restricted investments
    		  19,000                           
      earnings from investment in joint venture
    		  -1,000             0 1,000 0 -11,000 -71,000 -419,000 -70,000 -43,000 -412,000 -386,000 -233,000 -306,000 -593,000 -436,000 
      changes in operating assets and liabilities:
    		                             
      net cash from operating activities, net of acquisitions
    		  40,663,000     62,615,000 48,846,000 16,812,000 28,884,000     39,166,000 6,936,000       37,311,000 12,664,000     
      proceeds from sale of restricted investments
    		  2,417,000                           
      purchases of restricted investments
    		  -2,258,000                           
      proceeds from issuance of long-term debt, net of debt issuance costs and discount
    		  834,995,000      0   25,000,000    19,999,000    29,580,000 17,942,000 15,000,000 9,777,000       
      issuance of stock for business acquisition
    		  236,250,000                           
      amounts payable to sellers in business combination
    		  86,000,000                           
      adjustments to reconcile net income to net cash from operating activities:
    		                             
      unrealized gain on derivative instruments
    		       -1,066,000 -878,000 1,279,000 1,007,000 2,207,000 -459,000 -1,994,000 -136,000    -1,165,000           
      provision (recovery) for bad debt
    		                             
      gain on facility exchange
    		       0 0 0 -5,389,000                   
      realized losses on restricted investments
    		       20,000 6,000                     
      loss (earnings) from investment in joint venture
    		                             
      deferred income taxes
    		                   3,507,000    3,133,000    949,000 2,040,000 
      proceeds from facility exchange
    		       0 0 565,000 36,422,000                   
      proceeds from the sale of restricted investments
    		                             
      principal payments of long-term debt
    		                             
      beginning of year
    		                             
      end of year
    		                             
      amounts (receivable) payable to sellers in business combinations
    		                             
      equity-based compensation expense
    		       2,850,000 2,737,000 2,692,000 2,480,000 2,906,000 1,848,000 1,742,000 1,504,000 1,347,000 1,347,000 460,000 395,000 395,000 390,000 390,000 395,000 811,000    0 371,000 
      distribution of earnings from investment in joint venture
    		               0 0 0 100,000 401,000          
      non-compete agreements to seller in business combination
    		               -500,000 0             
      depreciation, depletion, accretion and amortization of long-lived assets
    		        19,536,000    17,244,000 17,144,000 15,903,000               
      amortization of deferred debt issuance costs and debt discount
    		        74,000 74,000 77,000  70,000 71,000 57,000  63,000 63,000 64,000  41,000 38,000 36,000  28,000 28,000 27,000   
      changes in operating assets and liabilities, net of acquisition:
    		                             
      proceeds from restricted investments
    		        537,000                     
      net proceeds from revolving credit facility
    		        0                     
      property, plant and equipment included with accounts payable at period end
    		        -1,370,000    194,000    -885,000             
      amounts payable to seller in business combination
    		            0                 
      changes in operating assets and liabilities, net of acquisitions:
    		                             
      gain on sale of equipment
    		           -1,885,000 -333,000 -1,014,000 -441,000 -866,000 -835,000 -9,000 -333,000 -482,000 -390,000 -435,000 -309,000 -824,000 -58,000 -693,000 -334,000 -1,275,000 -86,000 
      proceeds from sale of equipment
    		           3,341,000 407,000 3,044,000 733,000 1,293,000 1,434,000 435,000 492,000 859,000 763,000 927,000 492,000 1,558,000 313,000 2,049,000 536,000   
      return of investment in joint venture
    		                             
      adjustments to reconcile net income to net cash, cash equivalents and restricted cash (used by) provided by operating activities:
    		                             
      net cash (used by) provided by operating activities, net of acquisitions
    		                             
      principal payments on long-term debt
    		                             
      net change in cash and cash equivalents
    		            -5,145,000   -77,217,000 100,719,000 -17,970,000 -96,597,000 69,621,000 24,901,000 4,351,000 -31,176,000 20,971,000 -2,263,000 -29,656,000 -7,570,000   
      net cash from operating activities, net of acquisition
    		              -577,000    709,000  30,938,000 18,929,000 1,547,000       
      acquisition of liquid asphalt terminal assets
    		                       0 0     
      payment of treasury stock purchase obligation
    		                             
      proceeds from sale of stock
    		                             
      cash and cash equivalents:
    		                             
      depreciation, depletion and amortization of long-lived assets
    		                12,626,000 12,291,000 11,094,000 10,236,000 10,034,000 9,593,000 9,438,000 8,533,000 8,059,000 7,501,000 7,138,000 7,392,000 6,621,000 
      unrealized (gain) loss on derivative instruments
    		                -764,000             
      beginning of period
    		                0 0 148,316,000 0 0 0 80,619,000 0 0 0 99,137,000 0 0 
      end of period
    		                100,719,000 -17,970,000 51,719,000 69,621,000 24,901,000 4,351,000 49,443,000 20,971,000 -2,263,000 -29,656,000 91,567,000 23,954,000 49,386,000 
      distributions received from investment in joint venture
    		                     0 500,000 300,000 400,000 0 1,800,000   
      loss on derivative instruments
    		                   -89,000 -274,000         
      business acquisition, net of cash acquired
    		                      -17,748,000  0   0  
      investment in joint venture
    		                           0 0 
      repayments on revolving credit facility
    		                             
      payment to seller of pre-acquisition balance due
    		                             
      proceeds from initial public offering of class a common stock, net of offering costs
    		                           0  
      other current assets
    		                        3,591,000 -710,000 -2,277,000 279,000 -1,075,000 
      proceeds from reissuance of treasury stock
    		                             
      net cash from operating activities
    		                          1,211,000  -4,464,000 
      capex
    		                          -7,406,000  -11,494,000 
      free cash flows
    		                          -6,195,000  -15,958,000 
      note receivable obtained in consideration for disposition of assets
    		                             
      loss on extinguishment of debt
    		                             
      proceeds from sale of treasury stock
    		                           0  
      common stock dividend paid
    		                             
      outstanding note receivable in consideration of disposition of assets
    		                             
      proceeds from sales of equipment
    		                            402,000 
      repayments of revolving credit facility
    		                            0 
      proceeds from issuance of long-term debt, net of deferred issuance costs
    		                             
      net change in cash
    		                            49,386,000 
      cash:
    		                             
      non-cash investing activities:
    		                             
      alabama department of transportation
    		                            3,800 
      north carolina department of transportation
    		                            3,000 
      non cash investing activities:
    		                             
      property, plant and equipment financed by accounts payable
    		                             
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.