DAVEY TREE EXPERT CO company info

CIK 277638
IRS Number 340176110
State of incorporation OH
Business address 1500 N MANTUA ST
P O BOX 5193
KENT
OH
44240-5193
Mail address 1500 NORTH MANTUA STREET
P O BOX 5193
KENT
OH
44240-5193

Short summary

DAVEY TREE EXPERT CO is a Ohio company, with head office located at 1500 N Mantua St Kent, Ohio 44240-5193. The company achieved a record breaking net income last year - 27.98 million USD. This is 26.48% higher than one reported in 2017. In 2018 the company owned a total of 570.15 million USD worth of assets, including 253.34 million USD worth of current assets. An analysis of the recent trend shows a steady growth of company assets, with a 15.59% growth from the last year and a 97.76% increase in the 8 year period. The company net sales last year amounted to 1.02 billion USD, which means a 11.88% increase when compared to 2017.

DAVEY TREE EXPERT CO Income Statement

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Revenue, Net 562.11591.73646.03680.15713.85789.91821.90845.68915.961,024.79
Operating Income (Loss) 27.8129.6132.8045.7740.7944.0044.1145.3747.0155.69
Interest expense 2.382.803.792.702.712.953.364.394.897.04
Other Nonoperating Income (Expense) -1.88-2.52-2.85-2.61-2.83-3.05-5.74-3.99-9.60-11.51
Income Tax Expense (Benefit) 9.2010.289.2416.0612.7115.1313.4614.9615.879.52
Net income 14.3814.0514.0724.6022.8523.1721.8022.2822.1227.98

DAVEY TREE EXPERT CO Balance Sheet

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Cash and cash equivalents 3.362.406.087.2012.4013.8216.7012.119.6812.4816.06
Accounts Receivable, Net, Current 105.26106.47125.70157.56178.27212.42
Deferred income taxes 7.938.827.728.93
Property, Plant and Equipment, Gross 416.07448.95475.47516.09547.22585.58608.44640.09662.22
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 286.44317.13334.56362.70377.96402.80409.68431.85454.81
Goodwill 21.6723.4826.0228.1229.5133.8336.1639.49
Intangible Assets, Net (Excluding Goodwill) 22.1124.4327.3828.394.814.076.1910.37
Other Assets, Noncurrent 14.9516.6617.4116.6320.8833.5032.3024.8720.02
Total assets 288.31312.65336.32366.58380.85415.77460.17493.25570.15
Current assets 115.88137.97149.72164.72157.17165.64187.76217253.34
Accounts payable 27.7633.1032.4435.3637.0439.8838.5137.0834.74
Taxes Payable, Current 2.77
Total current liabilities 90.0494.1581.8691.5488.92104.05109.20111.55135.36
Long-term Debt, Excluding Current Maturities 31.5958.9271.7788.07103.31111.22129.30157.91166.37
Long-term Debt 60.3573.2590.84108.65123.38139.37168.49176.69
Deferred income taxes 5.6302.560
Total liabilities 189.94205.40216.38231.10248.87273.76303.00331.59398.17
Common Stock, Value, Issued 21.4621.4621.4621.4621.4621.4636.1836.7537.62
Retained Earnings (Accumulated Deficit) 176.80196.22218.20239.77247.26265.75299.52153.65167.61
Accumulated Other Comprehensive Income (Loss), Net of Tax -4.95-3.07-5.85-8.05-4.17-13.46-11.28-10.65-9.68-5.27

DAVEY TREE EXPERT CO Cash Flow

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Net income 14.3814.0514.0724.6022.8523.1721.8022.2822.1227.98
Depreciation 36.2835.5337.8237.3738.2340.9744.6847.2850.7054.91
Amortization of Intangible Assets 1.681.791.911.741.982.072.212.312.382.06
Deferred Income Tax Expense (Benefit) 3.382.33-3.611.72-2.68-2.980.063.754.01
Accounts receivable -10.068.7310.3524.29-10.314.498.4026.1320.7826.83
Net Cash Provided by (Used in) Operating Activities 53.5449.2854.4243.9456.3149.2862.6955.3756.7862.10
Payments to Acquire Businesses, Net of Cash Acquired 0.715.840.964.400.089.702.653.807.458.46
Net Cash Provided by (Used in) Investing Activities -21.46-39.30-34.13-31.18-43.21-64.06-56.05-54.81-59.52-61.38
Proceeds from Issuance of Long-term Debt 17.8316.6174.72
Proceeds from Issuance of Common Stock 0.820.030
Payments for Repurchase of Common Stock 22.8720.7114.2218.1021.8919.6025.4025.2930.4051.12
Payments of Ordinary Dividends, Common Stock 2.552.442.362.562.532.672.662.602.512.39
Net Cash Provided by (Used in) Financing Activities -33.05-0.35-22.04-3.38-16.8917.34-7.14-7.726.419.07
Cash and Cash Equivalents, Period Increase (Decrease) -0.979.62-1.759.38-3.792.55-2.39-7.024.129.54