IEA · Infrastructure & Energy Alternatives, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $2.08B | $1.75B | $1.46B | $602.66M | - | - |
| Cost of Revenue | $1.87B | $1.56B | $1.30B | $517.42M | - | - |
| Gross Profit | $206.11M | $188.69M | $157.02M | $85.25M | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $123.91M | $113.27M | $120.19M | $30.70M | - | - |
| Total Operating Expenses | - | - | - | - | $111.8K | - |
| D&A | $40.60M | $35.90M | $34.60M | $3.30M | - | - |
| Operating Income | $82.20M | $75.43M | $36.83M | ($40.74M) | $605.7K | ($111.8K) |
| Interest Expense | $61.69M | - | - | - | - | - |
| Income Tax | $11.20M | $12.58M | ($1.62M) | ($12.94M) | $148.6K | $0 |
| Net Income | ($83.73M) | $728.0K | $6.23M | $4.24M | $203.2K | ($11.3K) |
| EPS - Basic | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $124.03M | $4.88M | $147.26M | $71.31M | $370.4K | $0 |
| Accounts Receivable | $280.70M | $163.79M | $161.37M | $225.37M | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $164.93M | $104.96M | $177.78M | $23.88M | - | - |
| Current Assets | $661.80M | $492.37M | $547.06M | $356.66M | $391.7K | $930.4K |
| Total Assets | $899.75M | $729.14M | $824.92M | $639.23M | $151.45M | $151.03M |
| Current Liabilities | $490.98M | $389.55M | $486.28M | $364.56M | $235.0K | $19.4K |
| Long-term Debt | $290.73M | $159.22M | $162.90M | $295.73M | - | - |
| Total Liabilities | $862.50M | $801.82M | $916.54M | $735.44M | $6.24M | $6.02M |
| Stockholders' Equity | $37.26M | ($90.16M) | ($109.10M) | ($131.18M) | $5.00M | $0 |
| Retained Earnings | ($209.20M) | ($125.47M) | ($135.18M) | ($135.93M) | $191.1K | ($12.1K) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($10.85M) | $57.74M | $79.81M | $47.02M | ($153.7K) | ($153.7K) |
| Investing Cash Flow | ($23.55M) | ($3.11M) | $610.0K | ($3.00M) | - | - |
| Financing Cash Flow | ($5.62M) | ($37.85M) | ($4.47M) | $189.25M | $150.99M | $150.99M |
| CapEx | $30.18M | $9.68M | $6.76M | $2.82M | - | - |
| Free Cash Flow | ($41.03M) | $48.06M | $73.05M | $44.20M | - | - |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 9.9% | 10.8% | 10.8% | 14.1% | - | - |
| Operating margin | 4.0% | 4.3% | 2.5% | -6.8% | - | - |
| EBITDA margin | 5.9% | 6.4% | 4.9% | -6.2% | - | - |
| Net margin | -4.0% | 0.0% | 0.4% | 0.7% | - | - |
| Free cash flow margin | -2.0% | 2.7% | 5.0% | 7.3% | - | - |
| FCF / Net income | 0.49 | 66.02 | 11.72 | 10.41 | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 6.0% | 6.5% | 8.2% | 5.1% | - | - |
| Effective tax rate | - | 94.5% | -35.2% | - | 42.2% | - |
| Return on assets | -9.3% | 0.1% | 0.8% | 0.7% | 0.1% | -0.0% |
| Return on equity | -224.7% | -0.8% | -5.7% | -3.2% | 4.1% | - |
| Return on invested capital | 19.8% | 54.6% | 68.5% | -19.6% | - | - |
| Liquidity | ||||||
| Current ratio | 1.35 | 1.26 | 1.13 | 0.98 | 1.67 | 48.01 |
| Quick ratio | 1.35 | 1.26 | 1.13 | 0.98 | 1.67 | 48.01 |
| Cash ratio | 0.25 | 0.01 | 0.30 | 0.20 | 1.58 | 0.00 |
| Leverage | ||||||
| Debt / Equity | 7.80 | -1.77 | -1.49 | -2.25 | - | - |
| Debt / Assets | 0.32 | 0.22 | 0.20 | 0.46 | - | - |
| Debt / EBITDA | 2.37 | 1.43 | 2.28 | - | - | - |
| Interest coverage | 1.3x | - | - | - | - | - |
| Equity multiplier | 24.15 | -8.09 | -7.56 | -4.87 | 30.29 | - |
| Liabilities / Assets | 0.96 | 1.10 | 1.11 | 1.15 | 0.04 | 0.04 |
| Efficiency | ||||||
| Asset turnover | 2.31 | 2.40 | 1.77 | 0.94 | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 49d | 34d | 40d | 136d | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 32d | 24d | 50d | 17d | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 18.6% | 20.1% | 142.2% | - | - | - |
| Revenue CAGR (3y) | 51.1% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | 9.2% | 20.2% | 84.2% | - | - | - |
| Operating income growth (YoY) | 9.0% | 104.8% | - | - | - | - |
| Net income growth (YoY) | - | -88.3% | 46.8% | 1988.4% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | -34.2% | 65.3% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | - | 17.4% | 16.8% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$2.08B totalRenewables Segment$1.46B · 70.3%
Specialty Civil Segment$617.28M · 29.7%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
2.55
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- -No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Blank Checks
Comparing Infrastructure & Energy Alternatives against the 5 most active filers in the same SIC group.