Tutor Perini Corporation (TPC) Financial Statements (2024 and earlier)

Company Profile

Business Address 15901 OLDEN STREET
SYLMAR, CA 91342
State of Incorp. MA
Fiscal Year End December 31
Industry (SIC) 154 - General Building Contractors-nonresidential (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments263,545282,695259,351323,200309,267316,499
Cash and cash equivalents263,545282,695259,351323,200309,267316,499
Restricted cash and investments108,207108,186106,036101,37988,98389,945
Receivables1,226,6361,140,5921,171,0851,252,9431,337,0171,413,246
Contract with customer, asset, after allowance for credit loss1,224,6631,299,7861,377,5281,448,3411,372,6401,356,607
Other current assets165,760132,321179,215196,401207,881216,400
Other undisclosed current assets557,358563,967585,556583,789552,695542,301
Total current assets:3,546,1693,527,5473,678,7713,906,0533,868,4833,934,998
Noncurrent Assets
Property, plant and equipment444,615441,606435,088429,911427,894425,966
Intangible assets, net (including goodwill)274,567275,126275,685276,245280,034284,706
Goodwill205,143205,143205,143205,143205,143205,143
Intangible assets, net (excluding goodwill)69,42469,98370,54271,10274,89179,563
Deferred income tax assets      
Other noncurrent assets203,164232,499153,256148,765143,272146,488
Total noncurrent assets:922,346949,231864,029854,921851,200857,160
TOTAL ASSETS:4,468,5154,476,7784,542,8004,760,9744,719,6834,792,158
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities684,219643,542674,868806,611748,296758,564
Accounts payable487,769471,938495,345589,689555,365559,152
Accrued liabilities196,450171,604179,523216,922192,931199,412
Deferred revenue1,025,252978,505975,812966,065956,735844,618
Debt20,63466,22870,28526,87530,56523,285
Other undisclosed current liabilities226,036245,972246,562241,518227,725228,690
Total current liabilities:1,956,1411,934,2471,967,5272,041,0691,963,3211,855,157
Noncurrent Liabilities
Long-term debt and lease obligation905,623914,454888,154934,259937,743979,769
Long-term debt, excluding current maturities905,623914,454888,154934,259937,743979,769
Liabilities, other than long-term debt238,550238,370245,135266,283250,673310,711
Deferred income tax liabilities   4,64913,7606,83669,890
Other liabilities238,550238,370240,486252,523243,837240,821
Total noncurrent liabilities:1,144,1731,152,8241,133,2891,200,5421,188,4161,290,480
Total liabilities:3,100,3143,087,0713,100,8163,241,6113,151,7373,145,637
Equity
Equity, attributable to parent1,367,5941,403,5211,449,7181,536,5911,570,0341,631,819
Common stock51,97051,64551,52151,48551,35851,200
Additional paid in capital1,143,5321,142,0811,140,9331,139,9051,137,9661,134,688
Accumulated other comprehensive loss(45,479)(45,310)(47,037)(52,017)(48,963)(46,745)
Retained earnings217,571255,105304,301397,218429,673492,676
Equity, attributable to noncontrolling interest607(13,814)(7,734)(17,228)(2,088)14,702
Total equity:1,368,2011,389,7071,441,9841,519,3631,567,9461,646,521
TOTAL LIABILITIES AND EQUITY:4,468,5154,476,7784,542,8004,760,9744,719,6834,792,158

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,021,751776,300906,6481,070,926861,027952,154
Cost of revenue
(Cost of Goods and Services Sold)
(956,790)(800,469)(943,498)(1,020,586)(895,250)(901,809)
Gross profit:64,961(24,169)(36,850)50,340(34,223)50,345
Operating expenses(62,573)(57,776)(60,561)(57,232)(56,331)(60,252)
Operating income (loss):2,388(81,945)(97,411)(6,892)(90,554)(9,907)
Nonoperating income
(Other Nonoperating income)
3,0586,4171,6183971,0203,697
Interest and debt expense(22,016)(21,513)(19,927)(17,015)(16,204)(16,492)
Loss from continuing operations before income taxes:(16,570)(97,041)(115,720)(23,510)(105,738)(22,702)
Income tax expense (benefit)(194)48,11228,051(560)43,7183,889
Loss from continuing operations:(16,764)(48,929)(87,669)(24,070)(62,020)(18,813)
Loss before gain (loss) on sale of properties:(24,070)(62,020)(18,813)
Net loss:(16,764)(48,929)(87,669)(24,070)(62,020)(18,813)
Net loss attributable to noncontrolling interest(20,770)(267)(5,248)(8,385)(983)(2,821)
Net loss available to common stockholders, diluted:(37,534)(49,196)(92,917)(32,455)(63,003)(21,634)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(16,764)(48,929)(87,669)(24,070)(62,020)(18,813)
Other comprehensive income (loss)2321,8805,385(4,579)(2,991)(3,489)
Comprehensive loss:(16,532)(47,049)(82,284)(28,649)(65,011)(22,302)
Comprehensive loss, net of tax, attributable to noncontrolling interest(21,171)(420)(5,653)(6,860)(210)(2,442)
Comprehensive loss, net of tax, attributable to parent:(37,703)(47,469)(87,937)(35,509)(65,221)(24,744)

Statements Sources

The financial statements are based on the Company's filings with 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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