Primoris Services Corporation (PRIM) financial statements (2021 and earlier)

Company profile

Business Address 2300 N. FIELD STREET, SUITE 1900
DALLAS, TX 75201
State of Incorp. DE
Fiscal Year End December 31
SIC 1623 - Water, Sewer, Pipeline, and Communications and Power Line Construction (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12044547415160139
Cash and cash equivalents12044547415160139
Receivables405552473398373473376
Contract with customer, asset345332415366364382 
Other undisclosed current assets433430383622436
Total current assets:913962972876924938951
Noncurrent Assets
Operating lease, right-of-use asset242228179 
Property, plant and equipment376380377369376369357
Intangible assets, net (including goodwill)285288291286287294291
Goodwill215215215207206208197
Intangible assets, net (excluding goodwill)70737678818694
Regulated entity, other noncurrent assets   1110
Deferred income tax assets111 
Other noncurrent assets131155576
Other undisclosed noncurrent assets   1540129
Total noncurrent assets:918907853814670683663
TOTAL ASSETS:1,8301,8691,8251,6911,5941,6211,614
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities422442425359370375353
Accounts payable236220218190249241219
Accrued liabilities184219203166118130130
Interest and dividends payable3333333
Deferred revenue192190198 
Debt56606567626465
Contract with customer, liability194190219 
Other undisclosed current liabilities      195
Total current liabilities:670692687620622658613
Noncurrent Liabilities
Long-term debt and lease obligation467470472307306306355
Long-term debt, excluding current maturities296307347307306306355
Operating lease, liability171162125 
Liabilities, other than long-term debt64534542606568
Deferred tax liabilities, net8  
Deferred income tax liabilities1844 
Other liabilities46494142526568
Other undisclosed noncurrent liabilities   111   
Total noncurrent liabilities:530523517460365371423
Total liabilities:1,2011,2151,2041,0809871,0291,037
Stockholders' equity
Stockholders' equity attributable to parent629654621607604587565
Common stock0000000
Additional paid in capital97147146147144155163
Accumulated other comprehensive income (loss)0(0)(0)(1)(1)10
Retained earnings531507475460461432402
Stockholders' equity attributable to noncontrolling interest10043512
Total stockholders' equity:630654621610607592577
TOTAL LIABILITIES AND EQUITY:1,8301,8691,8251,6911,5941,6211,614

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues790865790662878909649
Cost of revenue
(Cost of Goods and Services Sold)
(700)(757)(709)    
Other undisclosed gross profit   (609)(774)(802)(577)
Gross profit:90108815210310771
Operating expenses(49)(50)(49)(43)(50)(55)(51)
Operating income:41593210535120
Nonoperating income (expense)0(3)(0)(0)(1)11
Investment income, nonoperating0000010
Foreign currency transaction gain (loss), before tax0(0)(0)(0)(1)(0)1
Other nonoperating income (expense)(0)(3)0(0)(0)0(1)
Interest and debt expense(3)(5)(7)(6)(7)(6)(3)
Income from continuing operations before income taxes:3950254464618
Income tax expense(11)(15)(7)(1)(11)(11)(4)
Net income:2836183343514
Net loss attributable to noncontrolling interest(1)(0)(0)(1)(2)(2)(2)
Net income available to common stockholders, diluted:2736182323312

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:2836183343514
Other undisclosed comprehensive income (loss)0(0)00(1)00
Comprehensive income:2836183333515
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(0)(0)(1)(2)(2)(2)
Comprehensive income, net of tax, attributable to parent:2735182313312

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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