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10-Q Filing

TUTOR PERINI CORP CIK: 77543 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000077543-19-000024
Period End Date 20190331
Filing Date 20190508
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance tpc-20190331.xml
Filing Contents
Balance Sheet 100 line items
Line Item Tag Value Unit Period
Cash and cash equivalents ($38,485 and $43,131 related to VIEs) CashAndCashEquivalentsAtCarryingValue $101.48M USD Point-in-time
Cash and cash equivalents ($38,485 and $43,131 related to VIEs) CashAndCashEquivalentsAtCarryingValue $116.08M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $3.79M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $5.09M USD Point-in-time
Restricted investments RestrictedInvestments $63.94M USD Point-in-time
Restricted investments RestrictedInvestments $58.14M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $101.48M USD Point-in-time
Accounts receivable ($54,791 and $62,482 related to VIEs) ReceivablesNetCurrent $1.35B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $116.08M USD Point-in-time
Accounts receivable ($54,791 and $62,482 related to VIEs) ReceivablesNetCurrent $1.26B USD Point-in-time
Retainage receivable ($45,618 and $36,724 related to VIEs) ContractReceivableRetainage $490.13M USD Point-in-time
Accounts receivable ReceivablesNetCurrent $1.35B USD Point-in-time
Retainage receivable ($45,618 and $36,724 related to VIEs) ContractReceivableRetainage $478.74M USD Point-in-time
Accounts receivable ReceivablesNetCurrent $1.26B USD Point-in-time
Costs and estimated earnings in excess of billings ContractWithCustomerAssetNetCurrent $1.17B USD Point-in-time
Retainage receivable ContractReceivableRetainage $490.13M USD Point-in-time
Retainage receivable ContractReceivableRetainage $478.74M USD Point-in-time
Costs and estimated earnings in excess of billings ContractWithCustomerAssetNetCurrent $1.14B USD Point-in-time
Other current assets ($33,666 and $30,185 related to VIEs) OtherAssetsCurrent $124.30M USD Point-in-time
Other current assets OtherAssetsCurrent $124.30M USD Point-in-time
Other current assets ($33,666 and $30,185 related to VIEs) OtherAssetsCurrent $115.53M USD Point-in-time
Other current assets OtherAssetsCurrent $115.53M USD Point-in-time
Total current assets AssetsCurrent $3.18B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $355.94M USD Point-in-time
Total current assets AssetsCurrent $3.30B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $343.74M USD Point-in-time
PROPERTY AND EQUIPMENT (P&E), net of accumulated depreciation of $355,939 and $343,735 (net P&E of $51,128 and $51,508 related to VIEs) PropertyPlantAndEquipmentNet $490.67M USD Point-in-time
PROPERTY AND EQUIPMENT, net of accumulated depreciation PropertyPlantAndEquipmentNet $490.67M USD Point-in-time
PROPERTY AND EQUIPMENT (P&E), net of accumulated depreciation of $355,939 and $343,735 (net P&E of $51,128 and $51,508 related to VIEs) PropertyPlantAndEquipmentNet $492.93M USD Point-in-time
PROPERTY AND EQUIPMENT, net of accumulated depreciation PropertyPlantAndEquipmentNet $492.93M USD Point-in-time
Accounts payable AccountsPayableCurrent $621.73M USD Point-in-time
GOODWILL Goodwill $585.01M USD Point-in-time
GOODWILL Goodwill $585.01M USD Point-in-time
Accounts payable AccountsPayableCurrent $597.50M USD Point-in-time
INTANGIBLE ASSETS, NET IntangibleAssetsNetExcludingGoodwill $85.03M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $173.83M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $174.32M USD Point-in-time
INTANGIBLE ASSETS, NET IntangibleAssetsNetExcludingGoodwill $85.91M USD Point-in-time
OTHER ASSETS OtherAssetsNoncurrent $91.80M USD Point-in-time
Billings in excess of costs and estimated earnings ContractWithCustomerLiabilityCurrent $573.19M USD Point-in-time
OTHER ASSETS OtherAssetsNoncurrent $50.52M USD Point-in-time
Billings in excess of costs and estimated earnings ContractWithCustomerLiabilityCurrent $579.00M USD Point-in-time
TOTAL ASSETS Assets $4.39B USD Point-in-time
TOTAL ASSETS Assets $4.56B USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares 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
Current maturities of long-term debt DebtCurrent $11.92M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Current maturities of long-term debt DebtCurrent $16.77M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 75.00M shares Point-in-time
Accounts payable ($29,210 and $18,070 related to VIEs) AccountsPayableCurrent $621.73M USD Point-in-time
Accounts payable ($29,210 and $18,070 related to VIEs) AccountsPayableCurrent $597.50M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 75.00M shares Point-in-time
Retainage payable ContractPayableRetainage $221.03M USD Point-in-time
Retainage payable ContractPayableRetainage $211.96M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Billings in excess of costs and estimated earnings ($244,617 and $263,764 related to VIEs) ContractWithCustomerLiabilityCurrent $573.19M USD Point-in-time
Billings in excess of costs and estimated earnings ($244,617 and $263,764 related to VIEs) ContractWithCustomerLiabilityCurrent $579.00M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 50.18M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 50.03M shares Point-in-time
Accrued expenses and other current liabilities ($35,851 and $34,828 related to VIEs) AccruedLiabilitiesCurrent $173.83M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 50.18M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 50.03M shares Point-in-time
Accrued expenses and other current liabilities ($35,851 and $34,828 related to VIEs) AccruedLiabilitiesCurrent $174.32M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.60B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.58B USD Point-in-time
LONG-TERM DEBT, less current maturities, net of unamortized discounts and debt issuance costs totaling $32,185 and $34,998 LongTermDebtNoncurrent $886.71M USD Point-in-time
LONG-TERM DEBT, less current maturities, net of unamortized discounts and debt issuance costs totaling $32,185 and $34,998 LongTermDebtNoncurrent $744.74M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesGrossNoncurrent $106.11M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesGrossNoncurrent $105.52M USD Point-in-time
OTHER LONG-TERM LIABILITIES OtherLiabilitiesNoncurrent $151.64M USD Point-in-time
OTHER LONG-TERM LIABILITIES OtherLiabilitiesNoncurrent $185.00M USD Point-in-time
TOTAL LIABILITIES Liabilities $2.76B USD Point-in-time
TOTAL LIABILITIES Liabilities $2.60B USD Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 10) CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 10) 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 50,180,225 and 50,025,996 shares CommonStockValue $50.18M USD Point-in-time
Common stock - authorized 75,000,000 shares ($1 par value), issued and outstanding 50,180,225 and 50,025,996 shares CommonStockValue $50.03M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.11B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.10B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $701.68M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $701.33M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-45.45M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-44.20M USD Point-in-time
Total stockholders' equity StockholdersEquity $1.81B USD Point-in-time
Total stockholders' equity StockholdersEquity $1.81B USD Point-in-time
Noncontrolling interests MinorityInterest $-21.29M USD Point-in-time
Noncontrolling interests MinorityInterest $-17.31M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.70B USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.79B USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.80B USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.69B USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $4.56B USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $4.39B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
REVENUE RevenueFromContractWithCustomerExcludingAssessedTax $958.49M USD 1 Quarter
REVENUE RevenueFromContractWithCustomerExcludingAssessedTax $1.03B USD 1 Quarter
COST OF OPERATIONS CostOfGoodsAndServicesSold $961.09M USD 1 Quarter
COST OF OPERATIONS CostOfGoodsAndServicesSold $870.02M USD 1 Quarter
GROSS PROFIT GrossProfit $67.07M USD 1 Quarter
GROSS PROFIT GrossProfit $88.47M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $67.99M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $65.56M USD 1 Quarter
INCOME (LOSS) FROM CONSTRUCTION OPERATIONS OperatingIncomeLoss $-925.00K USD 1 Quarter
INCOME (LOSS) FROM CONSTRUCTION OPERATIONS OperatingIncomeLoss $22.91M USD 1 Quarter
Other income, net NonoperatingIncomeExpense $780.00K USD 1 Quarter
Other income, net NonoperatingIncomeExpense $422.00K USD 1 Quarter
Interest expense InterestExpense $16.43M USD 1 Quarter
Interest expense InterestExpense $15.06M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $6.91M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-15.21M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $-4.27M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $2.19M USD 1 Quarter
NET INCOME LOSS ProfitLoss $4.72M USD 1 Quarter
NET INCOME LOSS ProfitLoss $-10.94M USD 1 Quarter
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS NetIncomeLossAttributableToNoncontrollingInterest $5.08M USD 1 Quarter
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS NetIncomeLossAttributableToNoncontrollingInterest $1.18M USD 1 Quarter
NET LOSS ATTRIBUTABLE TO TUTOR PERINI CORPORATION NetIncomeLoss $-12.12M USD 1 Quarter
NET LOSS ATTRIBUTABLE TO TUTOR PERINI CORPORATION NetIncomeLoss $-356.00K USD 1 Quarter
BASIC LOSS PER COMMON SHARE EarningsPerShareBasic $-0.01 USD 1 Quarter
BASIC LOSS PER COMMON SHARE EarningsPerShareBasic $-0.24 USD 1 Quarter
DILUTED LOSS PER COMMON SHARE EarningsPerShareDiluted $-0.24 USD 1 Quarter
DILUTED LOSS PER COMMON SHARE EarningsPerShareDiluted $-0.01 USD 1 Quarter
BASIC (in shares) WeightedAverageNumberOfSharesOutstandingBasic 50.10M 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 50.10M shares 1 Quarter
Cash Flow Statement 53 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $4.72M USD 1 Quarter
Net income (loss) ProfitLoss $-10.94M USD 1 Quarter
Depreciation Depreciation $12.83M 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 $5.51M USD 1 Quarter
Change in debt discounts and deferred debt issuance costs AmortizationOfFinancingCostsAndDiscounts $3.17M 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 $-142.00K USD 1 Quarter
(Gain) loss on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-1.47M USD 1 Quarter
(Gain) loss on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $107.00K USD 1 Quarter
Changes in other components of working capital IncreaseDecreaseInOtherOperatingCapitalNet $154.19M USD 1 Quarter
Changes in other components of working capital IncreaseDecreaseInOtherOperatingCapitalNet $84.27M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $1.14M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $2.18M USD 1 Quarter
Other,net OtherNoncashIncomeExpense $-76.00K USD 1 Quarter
Other,net OtherNoncashIncomeExpense $180.00K USD 1 Quarter
NET CASH USED IN OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $-73.40M USD 1 Quarter
NET CASH USED IN OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $-124.78M USD 1 Quarter
Acquisition of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $14.41M USD 1 Quarter
Acquisition of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $19.97M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $201.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $3.30M USD 1 Quarter
Investment in securities IncreaseDecreaseOfRestrictedInvestments $3.29M USD 1 Quarter
Investment in securities IncreaseDecreaseOfRestrictedInvestments $8.36M USD 1 Quarter
Proceeds from maturities and sales of investments in securities ProceedsFromSaleAndMaturityOfMarketableSecurities $3.01M USD 1 Quarter
Proceeds from maturities and sales of investments in securities ProceedsFromSaleAndMaturityOfMarketableSecurities $3.32M USD 1 Quarter
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-19.24M USD 1 Quarter
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-16.95M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt $394.00M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt $665.00M USD 1 Quarter
Repayment of debt RepaymentsOfDebt $259.69M USD 1 Quarter
Repayment of debt RepaymentsOfDebt $586.56M USD 1 Quarter
Cash payments related to share-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.36M USD 1 Quarter
Cash payments related to share-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.31M USD 1 Quarter
Distributions paid to noncontrolling interests PaymentsToMinorityShareholders $4.00M USD 1 Quarter
Distributions paid to noncontrolling interests PaymentsToMinorityShareholders $5.00M USD 1 Quarter
Contributions from noncontrolling interests ProceedsFromMinorityShareholders $2.80M USD 1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $130.74M 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 $-13.29M USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $178.43M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $119.86M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $106.58M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $197.65M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $178.43M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $119.86M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $106.58M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $197.65M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
NET INCOME (LOSS) ProfitLoss $4.72M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-10.94M USD 1 Quarter
Defined benefit pension plan adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-330.00K USD 1 Quarter
Defined benefit pension plan adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-381.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.17M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $348.00K USD 1 Quarter
Unrealized gain (loss) in fair value of investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-85.00K USD 1 Quarter
Unrealized gain (loss) in fair value of investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $673.00K USD 1 Quarter
TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX OtherComprehensiveIncomeLossNetOfTax $-878.00K USD 1 Quarter
TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX OtherComprehensiveIncomeLossNetOfTax $1.35M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $6.07M 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
LESS: COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $5.18M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO TUTOR PERINI CORPORATION ComprehensiveIncomeNetOfTax $-13.00M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO TUTOR PERINI CORPORATION ComprehensiveIncomeNetOfTax $893.00K USD 1 Quarter

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

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