10-Q Filing

PRIMORIS SERVICES CORP CIK: 1361538 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-008533`
Period End Date	20180930
Filing Date	20181106
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	prim-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 89 Cash Flow Statement 84 Comprehensive Income 18

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents ($15,729 and $ 60,256 related to VIEs. See Note 11)	`CashAndCashEquivalentsAtCarryingValue`	$60.04M	USD	Point-in-time
Cash and cash equivalents ($15,729 and $ 60,256 related to VIEs. See Note 11)	`CashAndCashEquivalentsAtCarryingValue`	$170.38M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$473.05M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$291.59M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$382.49M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$265.90M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.38M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$170.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$743.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$937.96M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$311.78M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$369.12M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$13.44M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$44.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.45M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.20M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$85.81M	USD	Point-in-time
Goodwill	`Goodwill`	$153.37M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51.45M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51.20M	shares	Point-in-time
Goodwill	`Goodwill`	$208.13M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$6.68M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$2.58M	USD	Point-in-time
Total assets	`Assets`	$1.26B	USD	Point-in-time
Total assets	`Assets`	$1.62B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$241.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$140.94M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$169.38M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$219.23M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$76.03M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$130.38M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$3.07M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$3.09M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$63.95M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$65.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$657.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$454.90M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$193.35M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$306.09M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$13.57M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$64.65M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$31.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$693.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.03B	USD	Point-in-time
Commitments and contingencies (See Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock$.0001 par value; 90,000,000 shares authorized; 51,204,959 and 51,448,753 issued and outstanding at September 30, 2018 and December 31, 2017	`CommonStockValue`	$5.00K	USD	Point-in-time
Common stock$.0001 par value; 90,000,000 shares authorized; 51,204,959 and 51,448,753 issued and outstanding at September 30, 2018 and December 31, 2017	`CommonStockValue`	$5.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$160.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$155.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$395.96M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$431.76M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$577.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$5.71M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$5.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$592.48M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$562.18M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.26B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.62B	USD	Point-in-time

Income Statement 89 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.80B	USD	3 Qtrs
Revenue	`Revenues`	$608.31M	USD	1 Quarter
Revenue	`Revenues`	$908.90M	USD	1 Quarter
Revenue	`Revenues`	$2.06B	USD	3 Qtrs
Cost of revenue	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$802.40M	USD	1 Quarter
Cost of revenue	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$537.89M	USD	1 Quarter
Cost of revenue	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$1.84B	USD	3 Qtrs
Cost of revenue	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$1.59B	USD	3 Qtrs
Gross profit	`GrossProfit`	$209.96M	USD	3 Qtrs
Gross profit	`GrossProfit`	$222.48M	USD	3 Qtrs
Gross profit	`GrossProfit`	$70.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$106.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$126.83M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$42.32M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$132.05M	USD	3 Qtrs
Acquisition and related costs	`BusinessCombinationAcquisitionRelatedCosts`	$13.19M	USD	3 Qtrs
Acquisition and related costs	`BusinessCombinationAcquisitionRelatedCosts`	$1.55M	USD	3 Qtrs
Acquisition and related costs	`BusinessCombinationAcquisitionRelatedCosts`	$3.83M	USD	1 Quarter
Acquisition and related costs	`BusinessCombinationAcquisitionRelatedCosts`	$238.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$81.57M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$51.07M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$77.25M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$27.86M	USD	1 Quarter
Investment income	`MarketableSecuritiesUnrealizedGainLoss`	$6.07M	USD	3 Qtrs
Investment income	`MarketableSecuritiesUnrealizedGainLoss`	$6.07M	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$167.00K	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$-69.00K	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$299.00K	USD	3 Qtrs
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.44M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-39.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-751.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-52.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$32.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$228.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$932.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$411.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeNet`	$1.54M	USD	3 Qtrs
Interest expense	`InterestExpense`	$6.61M	USD	3 Qtrs
Interest expense	`InterestExpense`	$6.45M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.64M	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.20M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.52M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.09M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$67.84M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$81.69M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.63M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$28.64M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.95M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.72M	USD	1 Quarter
Net income	`ProfitLoss`	$53.21M	USD	3 Qtrs
Net income	`ProfitLoss`	$53.04M	USD	3 Qtrs
Net income	`ProfitLoss`	$22.13M	USD	1 Quarter
Net income	`ProfitLoss`	$34.80M	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.11M	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.12M	USD	3 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.21M	USD	3 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.54M	USD	1 Quarter
Net income attributable to Primoris	`NetIncomeLoss`	$45.09M	USD	3 Qtrs
Net income attributable to Primoris	`NetIncomeLoss`	$20.60M	USD	1 Quarter
Net income attributable to Primoris	`NetIncomeLoss`	$49.83M	USD	3 Qtrs
Net income attributable to Primoris	`NetIncomeLoss`	$32.69M	USD	1 Quarter
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.17	USD	3 Qtrs
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.18	USD	3 Qtrs
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.97	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.88	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.96	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.63	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.87	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.47M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.40M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.44M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.49M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.73M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.71M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.75M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.76M	shares	3 Qtrs

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$53.21M	USD	3 Qtrs
Net income	`ProfitLoss`	$53.04M	USD	3 Qtrs
Net income	`ProfitLoss`	$22.13M	USD	1 Quarter
Net income	`ProfitLoss`	$34.80M	USD	1 Quarter
Depreciation	`Depreciation`	$43.06M	USD	3 Qtrs
Depreciation	`Depreciation`	$47.71M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.18M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.60M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$8.29M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.10M	USD	1 Quarter
Intangible asset impairment	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$477.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$748.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$911.00K	USD	3 Qtrs
Gain on short-term investments	`GainOnSaleOfInvestments`	$5.98M	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$3.88M	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$3.21M	USD	3 Qtrs
Other non-cash items	`OtherNoncashExpense`	$131.00K	USD	3 Qtrs
Other non-cash items	`OtherNoncashExpense`	$180.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$-54.87M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$78.82M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$42.01M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$85.82M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-7.19M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-11.06M	USD	3 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$2.75M	USD	3 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$957.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$24.10M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.81M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$46.21M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-11.06M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$16.40M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$17.85M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$3.94M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$5.30M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.87M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$161.43M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$80.77M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.35M	USD	3 Qtrs
Issuance of a note receivable	`PaymentsToAcquireNotesReceivable`	$15.00M	USD	3 Qtrs
Proceeds from a note receivable	`ProceedsFromSaleOfNotesReceivable`	$15.00M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.03M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.65M	USD	3 Qtrs
Purchase of short-term investments	`PaymentsToAcquireShortTermInvestments`	$13.59M	USD	3 Qtrs
Sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$350.00K	USD	3 Qtrs
Cash paid for acquisitions, net of cash and restricted cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$66.20M	USD	3 Qtrs
Cash paid for acquisitions, net of cash and restricted cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$111.03M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-129.76M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-182.14M	USD	3 Qtrs
Borrowings under revolving line of credit	`ProceedsFromLinesOfCredit`	$170.00M	USD	3 Qtrs
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$170.00M	USD	3 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$30.00M	USD	3 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$239.47M	USD	3 Qtrs
Cash distribution to non-controlling interest holder	`PaymentsToMinorityShareholders`	$8.75M	USD	3 Qtrs
Payment of contingent earnout liability	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$1.20M	USD	3 Qtrs
Repayment of long-term debt and capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$127.36M	USD	3 Qtrs
Repayment of long-term debt and capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$41.28M	USD	3 Qtrs
Payment of debt issuance cost	`PaymentsOfDebtIssuanceCosts`	$1.04M	USD	3 Qtrs
Payment of debt issuance cost	`PaymentsOfDebtIssuanceCosts`	$631.00K	USD	3 Qtrs
Proceeds from issuance of common stock purchased under a long-term incentive plan	`ProceedsFromIssuanceOfCommonStock`	$1.15M	USD	3 Qtrs
Proceeds from issuance of common stock purchased under a long-term incentive plan	`ProceedsFromIssuanceOfCommonStock`	$1.50M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$5.00M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$8.48M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.27M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$8.50M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.26M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$84.86M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-193.00K	USD	3 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-110.35M	USD	3 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.41M	USD	3 Qtrs
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$135.82M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.38M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$60.04M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.24M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$135.82M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.38M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$60.04M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.24M	USD	Point-in-time
Interest	`InterestPaidNet`	$11.66M	USD	3 Qtrs
Interest	`InterestPaidNet`	$6.24M	USD	3 Qtrs
Income taxes, net of refunds received	`IncomeTaxesPaidNet`	$25.62M	USD	3 Qtrs
Income taxes, net of refunds received	`IncomeTaxesPaidNet`	$5.38M	USD	3 Qtrs
Obligations incurred for the acquisition of property	`CapitalExpendituresIncurredButNotYetPaid`	$4.16M	USD	3 Qtrs
Dividends declared and not yet paid	`DividendsPayableCurrentAndNoncurrent`	$3.07M	USD	Point-in-time
Dividends declared and not yet paid	`DividendsPayableCurrentAndNoncurrent`	$2.83M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$53.21M	USD	3 Qtrs
Net income	`ProfitLoss`	$53.04M	USD	3 Qtrs
Net income	`ProfitLoss`	$22.13M	USD	1 Quarter
Net income	`ProfitLoss`	$34.80M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$577.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$200.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$53.04M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$35.01M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$53.79M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$22.13M	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.11M	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.12M	USD	3 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.21M	USD	3 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.54M	USD	1 Quarter
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$49.83M	USD	3 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$20.60M	USD	1 Quarter
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$45.67M	USD	3 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$32.89M	USD	1 Quarter

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