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10-Q Filing

TUTOR PERINI CORP CIK: 77543 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001104659-14-035556
Period End Date 20140331
Filing Date 20140507
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance tpc-20140331.xml
Balance Sheet 81 line items
Line Item Tag Value Unit Period
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $192.78M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $183.79M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $133.06M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $168.06M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $132.32M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $119.92M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $43.27M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $42.59M USD Point-in-time
Accounts receivable, including retainage ReceivablesNetCurrent $1.26B USD Point-in-time
Accounts receivable, including retainage ReceivablesNetCurrent $1.29B USD Point-in-time
Costs and estimated earnings in excess of billings CostsInExcessOfBillingsOnUncompletedContractsOrPrograms $698.42M 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
Costs and estimated earnings in excess of billings CostsInExcessOfBillingsOnUncompletedContractsOrPrograms $573.25M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $8.24M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $8.20M 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, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Other current assets OtherAssetsCurrent $54.86M USD Point-in-time
Other current assets OtherAssetsCurrent $50.67M USD Point-in-time
Total current assets AssetsCurrent $2.09B USD Point-in-time
Total current assets AssetsCurrent $2.20B USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
LONG-TERM INVESTMENTS AvailableForSaleSecuritiesDebtSecuritiesNoncurrent $46.28M USD Point-in-time
LONG-TERM INVESTMENTS AvailableForSaleSecuritiesDebtSecuritiesNoncurrent $46.28M 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
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $192,780 in 2014 and $183,793 in 2013) PropertyPlantAndEquipmentNet $498.12M USD Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $192,780 in 2014 and $183,793 in 2013) PropertyPlantAndEquipmentNet $516.68M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 75.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 75.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 48.53M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 48.42M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 48.53M shares Point-in-time
Goodwill Goodwill $577.76M USD Point-in-time
Goodwill Goodwill $1.07B USD Point-in-time
Goodwill Goodwill $577.76M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 48.42M shares Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $110.07M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $113.74M USD Point-in-time
Other OtherAssetsNoncurrent $75.61M USD Point-in-time
Other OtherAssetsNoncurrent $73.36M USD Point-in-time
Total assets Assets $3.40B USD Point-in-time
Total assets Assets $3.53B USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $122.95M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $114.66M USD Point-in-time
Accounts payable, including retainage AccountsPayableCurrent $758.23M USD Point-in-time
Accounts payable, including retainage AccountsPayableCurrent $791.64M USD Point-in-time
Billings in excess of costs and estimated earnings BillingsInExcessOfCostCurrent $264.12M USD Point-in-time
Billings in excess of costs and estimated earnings BillingsInExcessOfCostCurrent $267.59M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $158.02M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $148.99M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.33B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.30B USD Point-in-time
LONG-TERM DEBT, less current maturities LongTermDebtNoncurrent $697.82M USD Point-in-time
LONG-TERM DEBT, less current maturities LongTermDebtNoncurrent $619.23M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesGrossNoncurrent $114.33M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesGrossNoncurrent $114.19M USD Point-in-time
OTHER LONG-TERM LIABILITIES OtherLiabilitiesNoncurrent $118.63M USD Point-in-time
OTHER LONG-TERM LIABILITIES OtherLiabilitiesNoncurrent $117.86M USD Point-in-time
Total liabilities Liabilities $2.15B USD Point-in-time
Total liabilities Liabilities $2.26B USD Point-in-time
CONTINGENCIES AND COMMITMENTS CommitmentsAndContingencies - USD Point-in-time
CONTINGENCIES AND COMMITMENTS CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $1 par value: Authorized - 1,000,000 shares Issued and outstanding - none PreferredStockValue - USD Point-in-time
Preferred stock, $1 par value: Authorized - 1,000,000 shares Issued and outstanding - none PreferredStockValue - USD Point-in-time
Common stock - $1 par value: 75,000,000 shares authorized; Shares issued and outstanding: 48,527,960 shares and48,421,467 shares CommonStockValue $48.53M USD Point-in-time
Common stock - $1 par value: 75,000,000 shares authorized; Shares issued and outstanding: 48,527,960 shares and48,421,467 shares CommonStockValue $48.42M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.01B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.01B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $224.57M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $240.51M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-33.38M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-33.40M USD Point-in-time
Total stockholders' equity StockholdersEquity $1.27B USD Point-in-time
Total stockholders' equity StockholdersEquity $1.25B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $3.53B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $3.40B USD Point-in-time
Income Statement 30 line items
Line Item Tag Value Unit Period
Revenues ContractsRevenue $955.23M USD 1 Quarter
Revenues ContractsRevenue $992.93M USD 1 Quarter
Cost of operations ContractRevenueCost $849.89M USD 1 Quarter
Cost of operations ContractRevenueCost $892.57M USD 1 Quarter
Gross profit GrossProfit $100.36M USD 1 Quarter
Gross profit GrossProfit $105.35M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $63.85M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $64.28M USD 1 Quarter
INCOME FROM CONSTRUCTION OPERATIONS OperatingIncomeLoss $41.50M USD 1 Quarter
INCOME FROM CONSTRUCTION OPERATIONS OperatingIncomeLoss $36.08M USD 1 Quarter
Other (expense) income, net NonoperatingIncomeExpense $-827.00K USD 1 Quarter
Other (expense) income, net NonoperatingIncomeExpense $-3.37M USD 1 Quarter
Interest expense InterestExpense $10.83M USD 1 Quarter
Interest expense InterestExpense $11.34M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $23.92M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $27.29M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $11.35M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $9.12M USD 1 Quarter
NET INCOME NetIncomeLoss $14.80M USD 1 Quarter
NET INCOME NetIncomeLoss $15.94M USD 1 Quarter
BASIC EARNINGS PER COMMON SHARE (in dollars per share) EarningsPerShareBasic $0.31 USD 1 Quarter
BASIC EARNINGS PER COMMON SHARE (in dollars per share) EarningsPerShareBasic $0.33 USD 1 Quarter
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) EarningsPerShareDiluted $0.33 USD 1 Quarter
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) EarningsPerShareDiluted $0.31 USD 1 Quarter
BASIC (in shares) WeightedAverageNumberOfSharesOutstandingBasic 47.56M shares 1 Quarter
BASIC (in shares) WeightedAverageNumberOfSharesOutstandingBasic 48.44M shares 1 Quarter
Effect of dilutive stock options and restricted stock units (in shares) WeightedAverageNumberDilutedSharesOutstandingAdjustment 954,000.00 shares 1 Quarter
Effect of dilutive stock options and restricted stock units (in shares) WeightedAverageNumberDilutedSharesOutstandingAdjustment 490,000.00 shares 1 Quarter
DILUTED (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 48.93M shares 1 Quarter
DILUTED (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 48.51M shares 1 Quarter
Cash Flow Statement 52 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $14.80M USD 1 Quarter
Net income NetIncomeLoss $15.94M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $13.79M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $14.66M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $3.08M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $5.43M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-45.00K USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-348.00K USD 1 Quarter
(Gain) loss on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $76.00K USD 1 Quarter
(Gain) loss on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-427.00K USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $3.49M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $1.85M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $197.00K USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $427.00K USD 1 Quarter
Changes in other components of working capital IncreaseDecreaseInOtherOperatingCapitalNet $80.70M USD 1 Quarter
Changes in other components of working capital IncreaseDecreaseInOtherOperatingCapitalNet $118.05M USD 1 Quarter
NET CASH USED IN OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $-84.45M USD 1 Quarter
NET CASH USED IN OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $-41.13M USD 1 Quarter
Acquisition of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $12.18M USD 1 Quarter
Acquisition of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $8.35M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.42M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $239.00K USD 1 Quarter
Change in restricted cash IncreaseDecreaseInRestrictedCash $675.00K USD 1 Quarter
Change in restricted cash IncreaseDecreaseInRestrictedCash $6.51M USD 1 Quarter
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-7.61M USD 1 Quarter
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-18.45M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt $293.01M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt $178.04M USD 1 Quarter
Repayment of debt RepaymentsOfDebt $225.68M USD 1 Quarter
Repayment of debt RepaymentsOfDebt $113.55M USD 1 Quarter
Business acquisition-related payments BusinessAcquisitionRelatedPayments $1.03M USD 1 Quarter
Issuance of common stock and effect of cashless exercise IssuanceOfCommonStockAndEffectOfCashlessExercise $-1.57M USD 1 Quarter
Issuance of common stock and effect of cashless exercise IssuanceOfCommonStockAndEffectOfCashlessExercise $-159.00K USD 1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $67.17M USD 1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $61.88M USD 1 Quarter
Net Increase/(Decrease) in Cash and Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-35.74M USD 1 Quarter
Net Increase/(Decrease) in Cash and Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $13.14M USD 1 Quarter
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $133.06M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $168.06M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $132.32M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $119.92M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $133.06M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $168.06M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $132.32M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $119.92M USD Point-in-time
Interest InterestPaid $5.38M USD 1 Quarter
Interest InterestPaid $5.11M USD 1 Quarter
Income taxes IncomeTaxesPaidNet $-11.70M USD 1 Quarter
Income taxes IncomeTaxesPaidNet $2.90M USD 1 Quarter
Property and equipment acquired through financing arrangements NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $22.33M USD 1 Quarter
Grant date fair value of common stock issued for services StockIssued1 $3.49M USD 1 Quarter
Grant date fair value of common stock issued for services StockIssued1 $439.00K USD 1 Quarter
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $1.27B USD Point-in-time
Balance StockholdersEquity $1.25B USD Point-in-time
Net income NetIncomeLoss $14.80M USD 1 Quarter
Net income NetIncomeLoss $15.94M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $83.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-24.00K USD 1 Quarter
TOTAL COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $15.91M USD 1 Quarter
TOTAL COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $14.88M USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $5.14M USD 1 Quarter
Issuance of common stock, net IssuanceOfCommonStockNet $-1.57M USD 1 Quarter
Balance StockholdersEquity $1.27B USD Point-in-time
Balance StockholdersEquity $1.25B USD Point-in-time
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
NET INCOME NetIncomeLoss $14.80M USD 1 Quarter
NET INCOME NetIncomeLoss $15.94M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $-335.00K USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $-490.00K USD 1 Quarter
Change in fair value of investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $188.00K USD 1 Quarter
Change in fair value of investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $178.00K USD 1 Quarter
Change in fair value of interest rate swap OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent $280.00K USD 1 Quarter
Change in fair value of interest rate swap OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent $138.00K USD 1 Quarter
Other comprehensive income before taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $-164.00K USD 1 Quarter
Other comprehensive income before taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $123.00K USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent $-149.00K USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent $-204.00K USD 1 Quarter
Change in fair value of investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $7.00K USD 1 Quarter
Change in fair value of investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $77.00K USD 1 Quarter
Change in fair value of interest rate swap OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $112.00K USD 1 Quarter
Change in fair value of interest rate swap OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $57.00K USD 1 Quarter
Income tax expense OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $40.00K USD 1 Quarter
Income tax expense OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-140.00K USD 1 Quarter
NET OTHER COMPREHENSIVE INCOME (LOSS) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $83.00K USD 1 Quarter
NET OTHER COMPREHENSIVE INCOME (LOSS) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-24.00K USD 1 Quarter
TOTAL COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $15.91M USD 1 Quarter
TOTAL COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $14.88M USD 1 Quarter

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

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