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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments327120151170136161170
Cash and cash equivalents327120151170136161139
Short-term investments      31
Restricted cash and investments   1030
Receivables432405373358388321337
Inventory, net of allowances, customer advances and progress billings   41496858
Inventory   41496858
Contract with customer, asset326345364
Costs in excess of billings16013911669
Other undisclosed current assets30433613191845
Total current assets:1,115913924743731687680
Noncurrent Assets
Operating lease, right-of-use asset207242
Property, plant and equipment 376376312277284271
Intangible assets, net (including goodwill)276285287198160161159
Goodwill215215206153127124119
Intangible assets, net (excluding goodwill)61708145333640
Regulated entity, other noncurrent assets  1    
Deferred income tax assets21
Other noncurrent assets131353200
Deferred tax assets, net   1 
Other undisclosed noncurrent assets356 0    
Total noncurrent assets:854918670513439445431
TOTAL ASSETS:1,9701,8301,5941,2561,1711,1321,111
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities449422370255279221255
Accounts payable246236249141168124129
Accrued liabilities2011841181111089483
Employee-related liabilities      37
Taxes payable      4
Interest and dividends payable3333332
Deferred revenue267192
Debt48566266585541
Provision for loss on contracts      2
Self insurance reserve      22
Business combination, contingent consideration, liability   1  6
Billings in excess of cost159113140159
Contract with customer, liability190
Other undisclosed current liabilities      (66)
Total current liabilities:764670622481450416419
Noncurrent Liabilities
Long-term debt and lease obligation407467306194203220205
Long-term debt, excluding current maturities269296306193203220204
Capital lease obligations 0001
Operating lease, liability138171
Liabilities, other than long-term debt84646019191333
Deferred tax liabilities, net81410 19
Deferred income tax liabilities1418
Other liabilities704652691313
Business combination, contingent consideration, liability      1
Total noncurrent liabilities:490530365213222233238
Total liabilities:1,2551,201987694672649657
Stockholders' equity
Stockholders' equity attributable to parent715629604556497483454
Common stock0000000
Additional paid in capital8997144161162163160
Accumulated other comprehensive income (loss)10(1)    
Retained earnings625531461396335320294
Stockholders' equity attributable to noncontrolling interest013610(0)
Total stockholders' equity:715630607562499483454
TOTAL LIABILITIES AND EQUITY:1,9701,8301,5941,2561,1711,1321,111

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,4913,1062,9392,3801,9971,9292,086
Revenue, net2,3801,9971,9292,086
Cost of revenue
(Cost of Goods and Services Sold)
(3,121)(2,775) (2,102)(1,796)(1,710)(1,850)
Other undisclosed gross profit  (2,614)    
Gross profit:370331326278201220236
Operating expenses(206)(190)(195)(172)(141)(152)(138)
Other undisclosed operating income (loss)    (3) 6
Operating income:1641411301065868104
Nonoperating income (expense)2(3)2701(0)
Investment income, nonoperating0126000
Foreign currency transaction gain (loss), before tax0(1)100(1)0
Other nonoperating income (expense)1(3)(1)0(0)2(1)
Interest and debt expense(20)(20)(19)(8)(9)(8)(6)
Income from continuing operations before equity method investments, income taxes:146118113105496197
Income from equity method investments      5
Income from continuing operations before income taxes:1461181131054961102
Income tax expense(41)(34)(26)(28)(21)(24)(39)
Net income:105848877283764
Net loss attributable to noncontrolling interest(0)(2)(10)(4)(1)(0)(1)
Net income available to common stockholders, diluted:105827772273763

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:105848877283764
Other undisclosed comprehensive income (loss)11(1)    
Comprehensive income:106858777283764
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(2)(10)(4)(1)(0)(1)
Comprehensive income, net of tax, attributable to parent:106837772273763

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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