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10-Q Filing

TUTOR PERINI CORP CIK: 77543 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000077543-18-000039
Period End Date 20180331
Filing Date 20180509
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance tpc-20180331.xml
Filing Contents
Balance Sheet 98 line items
Line Item Tag Value Unit Period
Cash and cash equivalents ($52,871 and $53,067 related to variable interest entities (VIEs)) CashAndCashEquivalentsAtCarryingValue $174.34M USD Point-in-time
Cash and cash equivalents ($52,871 and $53,067 related to variable interest entities (VIEs)) CashAndCashEquivalentsAtCarryingValue $192.87M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $4.09M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $4.78M USD Point-in-time
Restricted investments RestrictedInvestments $53.16M USD Point-in-time
Restricted investments RestrictedInvestments $53.01M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $174.34M USD Point-in-time
Accounts receivable ($28,076 and $30,003 related to VIEs) ReceivablesNetCurrent $1.24B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $192.87M USD Point-in-time
Accounts receivable ($28,076 and $30,003 related to VIEs) ReceivablesNetCurrent $1.27B USD Point-in-time
Accounts receivable ReceivablesNetCurrent $1.24B USD Point-in-time
Accounts receivable ReceivablesNetCurrent $1.27B USD Point-in-time
Retainage receivable ($18,627 and $12,410 related to VIEs) ContractReceivableRetainage $530.90M USD Point-in-time
Retainage receivable ($18,627 and $12,410 related to VIEs) ContractReceivableRetainage $535.94M USD Point-in-time
Retainage receivable ContractReceivableRetainage $530.90M USD Point-in-time
Costs and estimated earnings in excess of billings CostsInExcessOfBillingsOnUncompletedContractsOrPrograms $932.76M USD Point-in-time
Costs and estimated earnings in excess of billings CostsInExcessOfBillingsOnUncompletedContractsOrPrograms $980.90M USD Point-in-time
Retainage receivable ContractReceivableRetainage $535.94M USD Point-in-time
Other current assets ($30,093 and $0 related to VIEs) OtherAssetsCurrent $89.32M USD Point-in-time
Other current assets OtherAssetsCurrent $89.32M USD Point-in-time
Other current assets ($30,093 and $0 related to VIEs) OtherAssetsCurrent $132.30M USD Point-in-time
Other current assets OtherAssetsCurrent $132.30M USD Point-in-time
Total current assets AssetsCurrent $3.11B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $328.44M USD Point-in-time
Total current assets AssetsCurrent $3.07B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $359.19M USD Point-in-time
PROPERTY AND EQUIPMENT, net of accumulated depreciation PropertyPlantAndEquipmentNet $473.18M USD Point-in-time
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $328,443 and $359,188 ($25,072 and $11,641 related to VIEs) PropertyPlantAndEquipmentNet $473.18M USD Point-in-time
PROPERTY AND EQUIPMENT, net of accumulated depreciation PropertyPlantAndEquipmentNet $467.50M USD Point-in-time
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $328,443 and $359,188 ($25,072 and $11,641 related to VIEs) PropertyPlantAndEquipmentNet $467.50M USD Point-in-time
Accounts payable AccountsPayableCurrent $659.29M USD Point-in-time
GOODWILL Goodwill $585.01M USD Point-in-time
GOODWILL Goodwill $585.01M USD Point-in-time
Accounts payable AccountsPayableCurrent $699.97M USD Point-in-time
Billings in excess of cost and estimated earnings BillingsInExcessOfCostCurrent $508.62M USD Point-in-time
Billings in excess of cost and estimated earnings BillingsInExcessOfCostCurrent $456.87M USD Point-in-time
INTANGIBLE ASSETS, NET IntangibleAssetsNetExcludingGoodwill $89.45M USD Point-in-time
INTANGIBLE ASSETS, NET IntangibleAssetsNetExcludingGoodwill $88.57M USD Point-in-time
Unamortized discounts and debt issuance costs DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet $43.06M USD Point-in-time
OTHER ASSETS OtherAssetsNoncurrent $47.77M USD Point-in-time
OTHER ASSETS OtherAssetsNoncurrent $48.88M USD Point-in-time
Unamortized discounts and debt issuance costs DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet $45.63M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
TOTAL ASSETS Assets $4.26B USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
TOTAL ASSETS Assets $4.31B USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 75.00M shares Point-in-time
Current maturities of long-term debt DebtCurrent $30.75M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 75.00M shares Point-in-time
Current maturities of long-term debt DebtCurrent $27.16M USD Point-in-time
Accounts payable ($9,183 and $19,243 related to VIEs) AccountsPayableCurrent $659.29M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Accounts payable ($9,183 and $19,243 related to VIEs) AccountsPayableCurrent $699.97M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 49.78M shares Point-in-time
Retainage payable ContractPayableRetainage $246.03M USD Point-in-time
Retainage payable ContractPayableRetainage $261.82M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 49.91M shares Point-in-time
Billings in excess of cost and estimated earnings ($199,618 and $120,952 related to VIEs) BillingsInExcessOfCostCurrent $508.62M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 49.91M shares Point-in-time
Billings in excess of cost and estimated earnings ($199,618 and $120,952 related to VIEs) BillingsInExcessOfCostCurrent $456.87M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 49.78M shares Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $118.33M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $132.44M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.58B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.56B USD Point-in-time
LONG-TERM DEBT, less current maturities, net of unamortized discounts and debt issuance costs totaling $43,064 and $45,631 LongTermDebtNoncurrent $790.12M USD Point-in-time
LONG-TERM DEBT, less current maturities, net of unamortized discounts and debt issuance costs totaling $43,064 and $45,631 LongTermDebtNoncurrent $705.53M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesGrossNoncurrent $106.76M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesGrossNoncurrent $108.50M USD Point-in-time
OTHER LONG-TERM LIABILITIES OtherLiabilitiesNoncurrent $163.47M USD Point-in-time
OTHER LONG-TERM LIABILITIES OtherLiabilitiesNoncurrent $166.21M USD Point-in-time
TOTAL LIABILITIES Liabilities $2.56B USD Point-in-time
TOTAL LIABILITIES Liabilities $2.62B USD Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 9) CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 9) CommitmentsAndContingencies - USD Point-in-time
Preferred stock - authorized 1,000,000 shares ($1 par value), none issued PreferredStockValue - USD Point-in-time
Preferred stock - authorized 1,000,000 shares ($1 par value), none issued PreferredStockValue - USD Point-in-time
Common stock - authorized 75,000,000 shares ($1 par value), issued and outstanding 49,913,003 and 49,781,010 shares CommonStockValue $49.78M USD Point-in-time
Common stock - authorized 75,000,000 shares ($1 par value), issued and outstanding 49,913,003 and 49,781,010 shares CommonStockValue $49.91M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.08B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.09B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $606.20M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $622.01M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-43.60M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-42.72M USD Point-in-time
Total stockholders' equity StockholdersEquity $1.70B USD Point-in-time
Total stockholders' equity StockholdersEquity $1.71B USD Point-in-time
Noncontrolling interests MinorityInterest $-8.49M USD Point-in-time
Noncontrolling interests MinorityInterest $-14.08M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.70B USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.69B USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $4.26B USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $4.31B USD Point-in-time
Income Statement 31 line items
Line Item Tag Value Unit Period
REVENUE RevenueFromContractWithCustomerExcludingAssessedTax $1.03B USD 1 Quarter
REVENUE RevenueFromContractWithCustomerExcludingAssessedTax $1.12B USD 1 Quarter
COST OF OPERATIONS ContractRevenueCost $1.01B USD 1 Quarter
COST OF OPERATIONS ContractRevenueCost $961.09M USD 1 Quarter
GROSS PROFIT GrossProfit $102.72M USD 1 Quarter
GROSS PROFIT GrossProfit $67.07M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $67.99M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $65.70M USD 1 Quarter
INCOME (LOSS) FROM CONSTRUCTION OPERATIONS OperatingIncomeLoss $-925.00K USD 1 Quarter
INCOME (LOSS) FROM CONSTRUCTION OPERATIONS OperatingIncomeLoss $37.02M USD 1 Quarter
Other income, net NonoperatingIncomeExpense $417.00K USD 1 Quarter
Other income, net NonoperatingIncomeExpense $780.00K USD 1 Quarter
Interest expense InterestExpense $15.06M USD 1 Quarter
Interest expense InterestExpense $15.56M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-15.21M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $21.87M USD 1 Quarter
Income tax benefit (provision) IncomeTaxExpenseBenefit $-4.27M USD 1 Quarter
Income tax benefit (provision) IncomeTaxExpenseBenefit $8.11M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-10.94M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $13.76M USD 1 Quarter
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS NetIncomeLossAttributableToNoncontrollingInterest $1.18M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO TUTOR PERINI CORPORATION NetIncomeLoss $13.76M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO TUTOR PERINI CORPORATION NetIncomeLoss $-12.12M USD 1 Quarter
BASIC EARNINGS (LOSS) PER COMMON SHARE (in dollars per share) EarningsPerShareBasic $-0.24 USD 1 Quarter
BASIC EARNINGS (LOSS) PER COMMON SHARE (in dollars per share) EarningsPerShareBasic $0.28 USD 1 Quarter
DILUTED EARNINGS (LOSS) PER COMMON SHARE (in dollars per share) EarningsPerShareDiluted $0.27 USD 1 Quarter
DILUTED EARNINGS (LOSS) PER COMMON SHARE (in dollars per share) EarningsPerShareDiluted $-0.24 USD 1 Quarter
BASIC (in shares) WeightedAverageNumberOfSharesOutstandingBasic 49.28M shares 1 Quarter
BASIC (in shares) WeightedAverageNumberOfSharesOutstandingBasic 49.81M shares 1 Quarter
DILUTED (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 49.81M shares 1 Quarter
DILUTED (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 50.95M shares 1 Quarter
Cash Flow Statement 50 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-10.94M USD 1 Quarter
Net income (loss) ProfitLoss $13.76M USD 1 Quarter
Depreciation Depreciation $20.11M USD 1 Quarter
Depreciation Depreciation $9.30M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $886.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $886.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $6.08M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $4.31M USD 1 Quarter
Change in debt discounts and deferred debt issuance costs AmortizationOfFinancingCostsAndDiscounts $3.84M USD 1 Quarter
Change in debt discounts and deferred debt issuance costs AmortizationOfFinancingCostsAndDiscounts $2.93M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-186.00K USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $526.00K USD 1 Quarter
Loss (gain) on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $131.00K USD 1 Quarter
Loss (gain) on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-1.47M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-1.82M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $1.14M USD 1 Quarter
Other OtherNoncashIncomeExpense $180.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-267.00K USD 1 Quarter
Changes in other components of working capital IncreaseDecreaseInOtherOperatingCapitalNet $73.53M USD 1 Quarter
Changes in other components of working capital IncreaseDecreaseInOtherOperatingCapitalNet $84.27M USD 1 Quarter
NET CASH USED IN OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $-32.84M USD 1 Quarter
NET CASH USED IN OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $-73.40M USD 1 Quarter
Acquisition of property and equipment excluding financed purchases PaymentsToAcquirePropertyPlantAndEquipment $5.67M USD 1 Quarter
Acquisition of property and equipment excluding financed purchases PaymentsToAcquirePropertyPlantAndEquipment $19.97M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $259.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $3.30M USD 1 Quarter
Investments in securities restricted in use IncreaseDecreaseOfRestrictedInvestments $3.29M USD 1 Quarter
Proceeds from maturities and sales of investments in securities ProceedsFromSaleAndMaturityOfMarketableSecurities $3.01M USD 1 Quarter
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-16.95M USD 1 Quarter
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-5.41M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt $665.00M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt $313.98M USD 1 Quarter
Repayment of debt RepaymentsOfDebt $296.49M USD 1 Quarter
Repayment of debt RepaymentsOfDebt $586.56M USD 1 Quarter
Issuance of common stock and effect of cashless exercise IssuanceOfCommonStockAndEffectOfCashlessExercise $-2.31M USD 1 Quarter
Issuance of common stock and effect of cashless exercise IssuanceOfCommonStockAndEffectOfCashlessExercise $-10.81M USD 1 Quarter
Distributions paid to noncontrolling interests PaymentsToMinorityShareholders $5.00M USD 1 Quarter
Debt issuance and extinguishment costs PaymentsOfFinancingCosts $57.00K USD 1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $6.63M USD 1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $71.13M USD 1 Quarter
Net decrease in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-19.22M USD 1 Quarter
Net decrease in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-31.63M USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $197.65M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $196.61M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $164.97M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $178.43M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $197.65M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $196.61M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $164.97M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $178.43M USD Point-in-time
Comprehensive Income 15 line items
Line Item Tag Value Unit Period
NET INCOME (LOSS) ProfitLoss $-10.94M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $13.76M USD 1 Quarter
Defined benefit pension plan adjustments OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-381.00K USD 1 Quarter
Defined benefit pension plan adjustments OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-268.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-54.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-1.17M USD 1 Quarter
Unrealized loss in fair value of investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-85.00K USD 1 Quarter
Unrealized loss in fair value of investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-21.00K USD 1 Quarter
TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-878.00K USD 1 Quarter
TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $193.00K USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $13.96M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-11.82M USD 1 Quarter
LESS: COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.18M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO TUTOR PERINI CORPORATION ComprehensiveIncomeNetOfTax $13.96M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO TUTOR PERINI CORPORATION ComprehensiveIncomeNetOfTax $-13.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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