Income StatementBalance SheetCash FlowSegments
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Dycom Industries Cash Flow Statement

Operating, investing, and financing cash movements

Dycom Industries generated $671.9M in operating cash flow over the trailing twelve months. After $231.6M in capital expenditures, free cash flow was $440.3M. Free cash flow increased 8.9% year-over-year. Based on the Q2 2026 filing.

Net Cash From Operating (TTM)$671.9MNet Cash From Investing (TTM)-$1.8BNet Cash From Financing (TTM)$1.7BCapital Expenditures (TTM)$231.6MDepreciation And Amortization Cf (TTM)$322.8MNet Change In Cash (TTM)$522.7M
Latest FilingQ2 2026
Report Date2026-05-28
Market Cap$16.1B
P/E Ratio51.59
ROE19.7%

Investing

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Acquisitions, net of cash acquired$0.0$0.0$0.0$0.0$1.6B$12.8M
Proceeds from Sales of Assets and Subsidiaries$8.7M$10.9M$12.6M$7.6M$2.5M$2.8M
Capital expenditures$68.5M$79.5M$51.7M$55.2M$54.4M$70.3M
Proceeds from disposition of property, plant and equipment/other$8.7M$10.9M$12.6M$7.6M$2.5M$2.8M
Net cash from investing activities-$59.8M-$68.6M-$39.1M-$47.6M-$1.7B-$80.4M
Proceeds from sale of businesses$8.7M$10.9M$12.6M$7.6M$2.5M$2.8M
Proceeds from sale of PPE and intangibles$8.7M$10.9M$12.6M$7.6M$2.5M$2.8M

Operating

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Gain on sale of property, plant, and equipment$7.7M$9.8M$10.1M$4.8M$2.1M$2.0M
Amortization of debt issuance costs$747.0K$747.0K$748.0K$747.0K$1.9M$1.9M
Change in accounts payable-$19.7M$40.9M$8.6M$31.1M$142.6M$169.4M
Change in accounts receivable—$154.1M$61.9M——$283.9M
Change in accrued liabilities-$42.2M-$42.0M—$22.7M-$49.2M-$42.4M
Change in income taxes payable/receivable-$4.1M-$17.4M$80.9M——-$2.2M
Change in other assets$11.9M$11.7M$11.9M$14.8M$11.8M$5.0M
Other working capital changes-$12.0M$20.1M$39.9M$43.1M$8.3M$80.5M
Benefit from Receivables—-$170.0K$1.8M-$62.0K—$280.0K
Deferred income taxes$0.0-$149.0K$35.7M$17.4M$76.0K$11.3M
Depreciation and amortization$54.8M$58.4M$60.9M$62.2M$88.2M$111.6M
Gain (loss) on sale of assets$7.7M$9.8M$10.1M$4.8M$2.1M$2.0M
Net cash from operating activities$328.2M-$54.0M$57.4M$220.0M$419.0M-$24.6M
Net income$32.7M$61.0M$97.5M$106.4M$16.3M$91.3M
Amortization expense related to capitalized debt issuance costs$747.0K$747.0K$748.0K$747.0K$1.9M$1.9M
Increase (Decrease) in Contract with Customer, Asset-$12.0M$20.1M$39.9M$43.1M$8.3M$80.5M
Increase (Decrease) in Income Taxes Receivable-$4.1M-$17.4M$80.9M——-$2.2M
Increase Decrease In Other Current Assets And Inventory—$16.5M——$5.7M$25.0M
Non-cash lease expense$11.2M$13.0M$12.5M$12.6M$15.6M$15.6M
Accounts Receivable, Credit Loss Expense (Reversal)—-$170.0K$1.8M-$62.0K—$280.0K
Provision for (recovery of) bad debt, net-$296.0K$408.3K$408.3K$408.3K$408.3K—
Provision for credit losses—-$170.0K$1.8M-$62.0K—$280.0K
Stock-based compensation$9.0M$9.1M$8.1M$8.0M$9.3M$10.6M

Supplemental

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Capital expenditures incurred but not yet paid$4.1M$10.0M—$369.0K—$7.2M
Income taxes paid$3.8M$420.0K$78.9M$1.9M$2.9M$1.9M
Interest paid$10.5M$18.7M$9.2M$18.6M$15.8M$40.6M
Capital expenditures incurred but not yet paid$4.1M$10.0M—$369.0K—$7.2M
Capital Expenditures Incurred but Not Yet Paid$4.1M$10.0M—$369.0K—$7.2M

Financing

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Proceeds from Lines of Credit$232.0M$285.0M$344.0M$0.0$2.3B$0.0
Proceeds from Long-term Lines of Credit$232.0M$285.0M$344.0M$0.0$2.3B$0.0
Repayments of debt-$465.4M$196.0M$348.0M$90.0M$0.0$0.0
Exercise of stock options-$2.0M-$478.0K-$478.0K-$478.0K-$478.0K—
Repayments of Long-Term Lines of Credit$387.0M$196.0M$348.0M$90.0M$445.0M$0.0
Proceeds from revolving credit facility$232.0M$285.0M$344.0M$0.0$2.3B$0.0
Net cash from financing activities—$45.9M$0.0-$90.8M$1.9B-$65.4M
Payment of debt issuance costs—$0.0$0.0$0.0$33.9M$103.0K
Repurchases of common stock$35.9M$30.2M———$36.0M
Taxes paid for net share settlement$193.0K$12.9M$97.0K$788.0K$616.0K$29.3M
Payments on Revolving Credit Facilities$387.0M$196.0M$348.0M$90.0M$445.0M$0.0
Repayments of Long-term Lines of Credit$387.0M$196.0M$348.0M$90.0M$445.0M$0.0
Payments of consent fees related to long-term debt—$0.0$0.0$0.0—$103.0K
Repayments of lines of credit$387.0M$196.0M$348.0M$90.0M$445.0M$0.0

Other

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Net Change in Cash Excluding Exchange Rate Effect—-$76.7M$12.3M$81.6M$599.1M-$170.3M
Net Change in Cash Excluding FX Effect—-$76.7M$12.3M$81.6M$599.1M-$170.3M
Net increase (decrease) in cash—-$76.7M$12.3M$81.6M$599.1M-$170.3M
Net Change in Cash Excluding Exchange Rate Effect—-$76.7M$12.3M$81.6M$599.1M-$170.3M
Accrued payables for capital expenditures$4.1M$10.0M—$369.0K—$7.2M
Deferred financing costs included in accounts payable or other accrued liabilities at period end$0.0$726.0K$726.0K$726.0K$726.0K—
Issuance of common stock for the acquisition of Ansys$0.0$87.7M$87.7M$87.7M$87.7M—

Free Cash Flow

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Free cash flow$259.7M-$133.5M$5.8M$164.8M$364.6M-$94.9M