10-Q Filing

PRIMORIS SERVICES CORP CIK: 1361538 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-007105`
Period End Date	20190630
Filing Date	20190806
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	prim-20190630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 86 Cash Flow Statement 82 Stockholders Equity 40 Comprehensive Income 23

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$151.06M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$372.69M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.72M	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$472.95M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.97M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.97M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$415.14M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51.72M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$364.25M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$36.44M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$30.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$972.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$924.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$375.88M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$377.15M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$179.00M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.46M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$903.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$75.52M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$81.20M	USD	Point-in-time
Goodwill	`Goodwill`	$206.16M	USD	Point-in-time
Goodwill	`Goodwill`	$215.10M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.20M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.00M	USD	Point-in-time
Total assets	`Assets`	$1.83B	USD	Point-in-time
Total assets	`Assets`	$1.59B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$249.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$218.26M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$189.54M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$197.78M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$117.53M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$203.24M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$3.04M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$3.06M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$62.49M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$64.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$621.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$686.99M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$305.67M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$347.40M	USD	Point-in-time
Noncurrent operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$124.89M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$3.61M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$8.17M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$51.52M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$41.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$987.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.20B	USD	Point-in-time
Commitments and contingencies (See Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock-$.0001 par value; 90,000,000 shares authorized; 50,965,221 and 51,715,518 issued and outstanding at June 30, 2019 and December 31, 2018	`CommonStockValue`	$5.00K	USD	Point-in-time
Common stock-$.0001 par value; 90,000,000 shares authorized; 50,965,221 and 51,715,518 issued and outstanding at June 30, 2019 and December 31, 2018	`CommonStockValue`	$5.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$146.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$144.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$461.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$474.68M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-908.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-172.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$2.76M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$284.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$610.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$565.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$577.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$620.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$562.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.83B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.59B	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$789.93M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$648.79M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.15B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.45B	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$1.32B	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$1.04B	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$709.40M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$577.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$132.99M	USD	2 Qtrs
Gross profit	`GrossProfit`	$115.98M	USD	2 Qtrs
Gross profit	`GrossProfit`	$71.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$80.53M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$91.65M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$80.44M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.72M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$43.49M	USD	1 Quarter
Merger and related costs	`BusinessCombinationAcquisitionRelatedCosts`	$7.67M	USD	1 Quarter
Merger and related costs	`BusinessCombinationAcquisitionRelatedCosts`	$9.36M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$41.34M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$20.26M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$26.17M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$31.81M	USD	1 Quarter
Foreign exchange (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.51M	USD	2 Qtrs
Foreign exchange (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$-403.00K	USD	1 Quarter
Foreign exchange (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$-588.00K	USD	2 Qtrs
Foreign exchange (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.26M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-771.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-193.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-783.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$177.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$219.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$340.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$612.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$568.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.72M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.19M	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.19M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.31M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.82M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$22.32M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.90M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.09M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.06M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.92M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.26M	USD	1 Quarter
Net income	`ProfitLoss`	$14.19M	USD	1 Quarter
Net income	`ProfitLoss`	$18.41M	USD	2 Qtrs
Net income	`ProfitLoss`	$17.82M	USD	1 Quarter
Net income	`ProfitLoss`	$2.94M	USD	1 Quarter
Net income	`ProfitLoss`	$20.76M	USD	2 Qtrs
Net income	`ProfitLoss`	$4.22M	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.48M	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$37.00K	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.00M	USD	2 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.03M	USD	2 Qtrs
Net income attributable to Primoris	`NetIncomeLoss`	$17.79M	USD	1 Quarter
Net income attributable to Primoris	`NetIncomeLoss`	$12.40M	USD	2 Qtrs
Net income attributable to Primoris	`NetIncomeLoss`	$19.73M	USD	2 Qtrs
Net income attributable to Primoris	`NetIncomeLoss`	$11.71M	USD	1 Quarter
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`	$0.06	USD	Point-in-time
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	2 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`	$0.12	USD	2 Qtrs
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
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`	$0.24	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.39	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	50.84M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.53M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	50.91M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.51M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.23M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.79M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.21M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.77M	shares	2 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$14.19M	USD	1 Quarter
Net income	`ProfitLoss`	$18.41M	USD	2 Qtrs
Net income	`ProfitLoss`	$17.82M	USD	1 Quarter
Net income	`ProfitLoss`	$2.94M	USD	1 Quarter
Net income	`ProfitLoss`	$20.76M	USD	2 Qtrs
Net income	`ProfitLoss`	$4.22M	USD	1 Quarter
Depreciation	`Depreciation`	$37.71M	USD	2 Qtrs
Depreciation	`Depreciation`	$30.01M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.70M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$5.68M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$5.16M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$430.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$858.00K	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.58M	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.71M	USD	2 Qtrs
Other non-cash items	`OtherNoncashExpense`	$160.00K	USD	2 Qtrs
Other non-cash items	`OtherNoncashExpense`	$68.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$-18.33M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$97.96M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$64.07M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$51.05M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.04M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-5.31M	USD	2 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$137.00K	USD	2 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$499.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.12M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-31.41M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$4.21M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-18.22M	USD	2 Qtrs
Operating lease assets and liabilities, net	`IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities`	$918.00K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$13.48M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$13.65M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.52M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.50M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-96.52M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-716.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.91M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$46.11M	USD	2 Qtrs
Issuance of a note receivable	`PaymentsToAcquireNotesReceivable`	$15.00M	USD	2 Qtrs
Proceeds from a note receivable	`ProceedsFromSaleOfNotesReceivable`	$15.00M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.81M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$21.20M	USD	2 Qtrs
Cash paid for acquisitions, net of cash and restricted cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$111.03M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-151.33M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.71M	USD	2 Qtrs
Borrowings under revolving line of credit	`ProceedsFromLinesOfCredit`	$170.00M	USD	2 Qtrs
Borrowings under revolving line of credit	`ProceedsFromLinesOfCredit`	$140.00M	USD	2 Qtrs
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$85.00M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$23.11M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$19.47M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$28.00M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$34.32M	USD	2 Qtrs
Proceeds from issuance of common stock purchased under a long-term incentive plan	`ProceedsFromIssuanceOfCommonStock`	$1.50M	USD	2 Qtrs
Proceeds from issuance of common stock purchased under a long-term incentive plan	`ProceedsFromIssuanceOfCommonStock`	$1.80M	USD	2 Qtrs
Payment of taxes on conversion of Restricted Stock Units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.52M	USD	2 Qtrs
Cash distribution to non-controlling interest holders	`PaymentsToMinorityShareholders`	$3.50M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.09M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.18M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-47.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-39.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.43M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$156.74M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$854.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-185.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-96.95M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.51M	USD	2 Qtrs
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$54.11M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$174.90M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$151.06M	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 end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$54.11M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$174.90M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$151.06M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.38M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$4.19M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$7.96M	USD	2 Qtrs
Cash (received) paid for income taxes, net	`IncomeTaxesPaidNet`	$-9.60M	USD	2 Qtrs
Cash (received) paid for income taxes, net	`IncomeTaxesPaidNet`	$3.61M	USD	2 Qtrs
Leased assets obtained in exchange for new operating leases	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$51.06M	USD	2 Qtrs
Dividends declared and not yet paid	`DividendsPayableCurrentAndNoncurrent`	$3.06M	USD	Point-in-time
Dividends declared and not yet paid	`DividendsPayableCurrentAndNoncurrent`	$3.09M	USD	Point-in-time

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Dividends declared	`DividendsPayableAmountPerShare`	$0.06	USD	Point-in-time
Dividends declared	`DividendsPayableAmountPerShare`	$0.06	USD	Point-in-time
Dividends declared	`DividendsPayableAmountPerShare`	$0.06	USD	Point-in-time
Dividends declared	`DividendsPayableAmountPerShare`	$0.06	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$610.38M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.98M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$565.50M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$577.19M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$620.87M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$562.18M	USD	Point-in-time
Net income	`ProfitLoss`	$14.19M	USD	1 Quarter
Net income	`ProfitLoss`	$18.41M	USD	2 Qtrs
Net income	`ProfitLoss`	$17.82M	USD	1 Quarter
Net income	`ProfitLoss`	$2.94M	USD	1 Quarter
Net income	`ProfitLoss`	$20.76M	USD	2 Qtrs
Net income	`ProfitLoss`	$4.22M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$736.00K	USD	2 Qtrs
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$377.00K	USD	2 Qtrs
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$374.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$377.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$362.00K	USD	1 Quarter
Issuance of shares to employees and directors	`StockIssuedDuringPeriodValueIssuedToEmployeesAndDirectors`	$2.66M	USD	1 Quarter
Issuance of shares to employees and directors	`StockIssuedDuringPeriodValueIssuedToEmployeesAndDirectors`	$1.97M	USD	1 Quarter
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$215.00K	USD	1 Quarter
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$215.00K	USD	1 Quarter
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$371.00K	USD	1 Quarter
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$487.00K	USD	1 Quarter
Conversion of Restricted Stock Units, net of forfeitures for tax withholdings	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-1.52M	USD	1 Quarter
Distribution of noncontrolling entities	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.00K	USD	1 Quarter
Distribution of noncontrolling entities	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.50M	USD	1 Quarter
Dividends declared ($0.06 per share for the three and six months ended June 30, 2019)	`DividendsCommonStockCash`	$3.05M	USD	1 Quarter
Dividends declared ($0.06 per share for the three and six months ended June 30, 2019)	`DividendsCommonStockCash`	$3.06M	USD	1 Quarter
Dividends declared ($0.06 per share for the three and six months ended June 30, 2019)	`DividendsCommonStockCash`	$3.09M	USD	1 Quarter
Dividends declared ($0.06 per share for the three and six months ended June 30, 2019)	`DividendsCommonStockCash`	$3.09M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$610.38M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.98M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$565.50M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$577.19M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$620.87M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$562.18M	USD	Point-in-time

Comprehensive Income 23 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$14.19M	USD	1 Quarter
Net income	`ProfitLoss`	$18.41M	USD	2 Qtrs
Net income	`ProfitLoss`	$17.82M	USD	1 Quarter
Net income	`ProfitLoss`	$2.94M	USD	1 Quarter
Net income	`ProfitLoss`	$20.76M	USD	2 Qtrs
Net income	`ProfitLoss`	$4.22M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$736.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$377.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$374.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$377.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$362.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$18.19M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$18.78M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$14.57M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$21.50M	USD	2 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.48M	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$37.00K	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.00M	USD	2 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.03M	USD	2 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$20.47M	USD	2 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$12.78M	USD	2 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$12.09M	USD	1 Quarter
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$18.15M	USD	1 Quarter

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