Company name:
Installed Building Products Inc
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IPO SHARE PRICE:$11.00
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IPO DATE:13 February 2014
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TICKER:IBP
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:495 South High Street Suite 50 Columbus Ohio 43215
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Installed Building Products Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
19.5%
22.4%
6.5%
4.1%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
52.5%
22.4% —
Accounts Receivable
19.5% —
Cash and cash equivalents
6.5% —
Inventory
4.1% —
Prepaid expenses and other current assets
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$62,510 | $90,442 | $177,889 | $231,520 | |||||
Short-term passive investments | 30,053 | 10,060 | 37,961 | - | |||||
Restricted cash and cash equivalents | - | - | - | - | |||||
Accounts Receivable | 180,725 | 214,121 | 244,519 | 266,566 | |||||
Accounts receivable from related parties | - | - | - | - | |||||
Income tax receivable | - | - | - | - | |||||
Inventory | 48,346 | 61,162 | 74,606 | 77,179 | |||||
Deferred tax assets | - | - | - | - | |||||
Prepaid expenses and other current assets | - | - | 46,974 | 48,678 | |||||
Deferred offering costs | - | - | - | - | |||||
Other short-term assets | 33,308 | 35,760 | 46,974 | - | |||||
Total current assets | $354,942 | $411,545 | $581,949 | $623,943 |
8.8%
4.5%
9.1%
5.3%
18.3%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
47.5%
18.3% —
Goodwill
9.1% —
Customer relationship intangible assets net
8.8% —
Property and equipment net
5.3% —
Other intangible assets
4.5% —
Operating lease - right-of-use assets
1.5% —
Other non-current assets
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Property and equipment net | 81,075 | 90,117 | 106,410 | 104,022 | |||||
Operating lease - right-of-use assets | - | - | 45,691 | 53,766 | |||||
Intangible assets
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137,991 | 149,790 | 153,562 | - | |||||
Customer relationship intangible assets net
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- | - | 99,946 | 108,504 | |||||
Other intangible assets
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- | - | 53,616 | 62,889 | |||||
Goodwill
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155,466 | 173,049 | 195,652 | 216,870 | |||||
Other non-current assets | 9,272 | 10,157 | 16,215 | 17,682 | |||||
Total non-current assets | 302,729 | 423,113 | 517,530 | 563,733 |
Total assets | $738,746 | $834,658 | $1,099,479 | $1,187,676 |
3.8%
3.9%
8.5%
4.5%
45.6%
22.7%
16.8%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
19.9%
8.5% —
Accounts payable
3.9% —
Accrued employee compensation
3.8% —
Other current liabilities
2.0% —
Current maturities of long-term debt
1.6% —
Current portion of Operating leases
0.2% —
Current portion of Finance leases
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Accounts payable | $87,425 | $96,949 | $98,871 | $101,462 | |||||
Income tax payable | - | - | - | - | |||||
Accounts payable to related party | - | - | - | - | |||||
Accrued employee compensation | 25,399 | 27,923 | 33,636 | 45,876 | |||||
Current maturities of long-term debt | 16,650 | 22,642 | 24,164 | 23,355 | |||||
Current portion of Capital leases | 5,666 | - | - | - | |||||
Current portion of Operating leases | - | - | 15,459 | 18,758 | |||||
Current portion of Finance leases | - | 4,806 | 2,747 | 2,073 | |||||
Other current liabilities | 24,666 | 29,366 | 39,272 | 44,951 | |||||
Total current liabilities | $159,806 | $181,686 | $214,149 | $236,475 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
53.2%
45.6% —
Long-term debt
4.5% —
Other non-current liabilities
2.9% —
Operating leases
0.2% —
Finance leases
0.0% —
Deferred tax liability
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Deferred tax liability | 6,444 | 6,695 | 9,175 | 35 | |||||
Put option - Series A Preferred Stock | - | - | - | - | |||||
Put option-Redeemable Preferred Stock | - | - | - | - | |||||
Long-term debt
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330,927 | 432,182 | 545,031 | 541,957 | |||||
Capital leases
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6,479 | - | - | - | |||||
Operating leases
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- | - | 29,785 | 34,413 | |||||
Finance leases
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- | 3,824 | 3,597 | 2,430 | |||||
Other non-current liabilities | 24,562 | 27,773 | 47,711 | 53,184 | |||||
Total long-term liabilities | $368,412 | $470,474 | $635,299 | $632,019 |
Total Liabilities | $528,218 | $652,160 | $849,448 | $868,494 |
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
26.9%
22.7% —
Retained earnings
16.8% —
Additional paid-in capital
0.0% —
Common stock
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Redeemable preferred stock
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- | - | - | - | |||||
Series A Preferred Stock
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- | - | - | - | |||||
Preferred Stock
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- | - | - | - | |||||
Redeemable Common Stock
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- | - | - | - | |||||
Common stock | 325 | 327 | 329 | 331 | |||||
Treasury Stock | - | - | (106,756) | - | |||||
Treasury Stock at cost | (12,781) | (104,425) | (106,756) | (141,653) | |||||
Retained earnings | 48,434 | 105,212 | 173,371 | 269,420 | |||||
Accumulated deficit
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- | - | - | - | |||||
Additional paid-in capital
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174,043 | 181,815 | 190,230 | 199,847 | |||||
Accumulated other comprehensive income | - | - | - | - | |||||
Accumulated other comprehensive (loss) income | 507 | - | - | - | |||||
Accumulated other comprehensive loss | - | (431) | (7,143) | (8,763) | |||||
Total Equity | $210,528 | $182,498 | $250,031 | $319,182 |
Total Liabilities and Equity | $738,746 | $834,658 | $1,099,479 | $1,187,676 |