v3.25.3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Oct. 25, 2025	Jan. 25, 2025
Current assets:
Cash and equivalents	$ 110,109	$ 92,670
Accounts receivable, net	1,586,884	1,373,738
Contract assets	147,576	63,375
Inventories	120,057	127,255
Income tax receivable	19,869	2,963
Other current assets	41,475	34,629
Total current assets	2,025,970	1,694,630
Property and equipment, net	567,918	541,921
Operating lease right-of-use assets	118,769	112,151
Goodwill	332,645	330,330
Intangible assets, net	183,999	219,746
Other assets	95,523	46,589
Total assets	3,324,824	2,945,367
Current liabilities:
Accounts payable	297,130	223,490
Current portion of debt	20,000	10,000
Contract liabilities	54,766	73,548
Accrued insurance claims	53,060	46,686
Operating lease liabilities	38,135	35,823
Income taxes payable	0	30,636
Other accrued liabilities	193,367	166,970
Total current liabilities	656,458	587,153
Long-term debt	919,480	933,212
Accrued insurance claims - non-current	66,101	49,836
Operating lease liabilities - non-current	87,032	76,928
Deferred tax liabilities, net - non-current	85,082	32,172
Other liabilities	27,376	26,969
Total liabilities	1,841,529	1,706,270
Stockholders’ equity:
Preferred stock, par value $1.00 per share: 1,000,000 shares authorized: no shares issued and outstanding	0	0
Common stock, par value $0.33 1/3 per share: 150,000,000 shares authorized: 28,955,901 and 28,978,949 issued and outstanding, respectively	9,652	9,659
Additional paid-in capital	22,377	8,991
Retained earnings	1,451,266	1,220,447
Total stockholders’ equity	1,483,295	1,239,097
Total liabilities and stockholders’ equity	$ 3,324,824	$ 2,945,367

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

DYCOM INDUSTRIES INC 10-Q