10-Q Filing

PRIMORIS SERVICES CORP CIK: 1361538 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001558370-20-009038`
Period End Date	20200630
Filing Date	20200804
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	prim-20200630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 83 Cash Flow Statement 79 Stockholders Equity 56 Comprehensive Income 20

Balance Sheet 74 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`	$155.67M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.29M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.22M	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$468.95M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.67M	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$404.91M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.67M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.22M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$376.73M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$344.81M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$42.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$45.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.05B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$912.71M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$368.09M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$375.89M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$242.38M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$240.07M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.10M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.12M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$69.83M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$65.15M	USD	Point-in-time
Goodwill	`Goodwill`	$215.10M	USD	Point-in-time
Goodwill	`Goodwill`	$215.10M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$13.45M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$16.74M	USD	Point-in-time
Total assets	`Assets`	$1.95B	USD	Point-in-time
Total assets	`Assets`	$1.83B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$256.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$235.97M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$192.40M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$223.08M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$183.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$222.47M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$2.92M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$2.89M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$55.66M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$51.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$757.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$670.45M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$300.90M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$295.64M	USD	Point-in-time
Noncurrent operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$163.95M	USD	Point-in-time
Noncurrent operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$171.22M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$17.82M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$17.82M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$45.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$68.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.20B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.31B	USD	Point-in-time
Commitments and contingencies (See Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock-$.0001 par value; 90,000,000 shares authorized; 48,220,811 and 48,665,138 issued and outstanding at June 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Common stock-$.0001 par value; 90,000,000 shares authorized; 48,220,811 and 48,665,138 issued and outstanding at June 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$97.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$91.26M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$554.72M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$531.29M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$76.00K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.11M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$34.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.03M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$610.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$620.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$615.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.98M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.95B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.83B	USD	Point-in-time

Income Statement 83 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$908.22M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.45B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.65B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$789.93M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$709.40M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$807.25M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$1.50B	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$1.32B	USD	2 Qtrs
Gross profit	`GrossProfit`	$148.78M	USD	2 Qtrs
Gross profit	`GrossProfit`	$100.97M	USD	1 Quarter
Gross profit	`GrossProfit`	$80.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$132.99M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.42M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$91.65M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$95.81M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.72M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$49.55M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$31.81M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$52.97M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$41.34M	USD	2 Qtrs
Foreign exchange gain (loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-403.00K	USD	1 Quarter
Foreign exchange gain (loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-64.00K	USD	2 Qtrs
Foreign exchange gain (loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-200.00K	USD	1 Quarter
Foreign exchange gain (loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-588.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-193.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$177.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$706.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$718.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$345.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$219.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$568.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$64.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.69M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.72M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.80M	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.31M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$46.42M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.09M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.82M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$41.16M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.26M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.06M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.94M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.46M	USD	1 Quarter
Net income	`ProfitLoss`	$29.23M	USD	2 Qtrs
Net income	`ProfitLoss`	$20.76M	USD	2 Qtrs
Net income	`ProfitLoss`	$17.82M	USD	1 Quarter
Net income	`ProfitLoss`	$32.96M	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.03M	USD	2 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$37.00K	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00K	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.00K	USD	2 Qtrs
Net (loss) income attributable to Primoris	`NetIncomeLoss`	$32.96M	USD	1 Quarter
Net (loss) income attributable to Primoris	`NetIncomeLoss`	$29.22M	USD	2 Qtrs
Net (loss) income attributable to Primoris	`NetIncomeLoss`	$19.73M	USD	2 Qtrs
Net (loss) income attributable to Primoris	`NetIncomeLoss`	$17.79M	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`	$0.06	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`	$0.06	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`	$0.12	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`	$0.06	USD	Point-in-time
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.60	USD	2 Qtrs
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`	$0.68	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.43M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	50.91M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	50.84M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.27M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.67M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.23M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.21M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.78M	shares	2 Qtrs

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$29.23M	USD	2 Qtrs
Net income	`ProfitLoss`	$20.76M	USD	2 Qtrs
Net income	`ProfitLoss`	$17.82M	USD	1 Quarter
Net income	`ProfitLoss`	$32.96M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.39M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$39.23M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.20M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$858.00K	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.71M	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$7.33M	USD	2 Qtrs
Unrealized loss on interest rate swap	`UnrealizedGainLossOnDerivatives`	$-4.19M	USD	2 Qtrs
Unrealized loss on interest rate swap	`UnrealizedGainLossOnDerivatives`	$-4.91M	USD	2 Qtrs
Other non-cash items	`OtherNoncashExpense`	$2.82M	USD	2 Qtrs
Other non-cash items	`OtherNoncashExpense`	$160.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$97.96M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$65.86M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$51.05M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$32.77M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.27M	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`	$-223.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$21.90M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-31.41M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$30.78M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$4.21M	USD	2 Qtrs
Operating lease assets and liabilities, net	`IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities`	$551.00K	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`	$22.12M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$18.01M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-2.70M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$60.65M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-96.52M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.91M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.70M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$21.20M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.09M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.62M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.71M	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`	$33.87M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$23.11M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$34.32M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$32.47M	USD	2 Qtrs
Proceeds from issuance of common stock purchased under a long-term incentive plan	`ProceedsFromIssuanceOfCommonStock`	$1.80M	USD	2 Qtrs
Proceeds from issuance of common stock purchased under a long-term incentive plan	`ProceedsFromIssuanceOfCommonStock`	$578.00K	USD	2 Qtrs
Payment of taxes on conversion of Restricted Stock Units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.52M	USD	2 Qtrs
Payment of taxes on conversion of Restricted Stock Units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$77.00K	USD	2 Qtrs
Cash distribution to noncontrolling interest holders	`PaymentsToMinorityShareholders`	$1.00M	USD	2 Qtrs
Cash distribution to noncontrolling interest holders	`PaymentsToMinorityShareholders`	$3.50M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$8.34M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.81M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.09M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-39.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.01M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.43M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.27M	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`	$-384.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-96.95M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$35.38M	USD	2 Qtrs
Cash and cash equivalents at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$155.67M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.29M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$151.06M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$54.11M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$155.67M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.29M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$151.06M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$54.11M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$7.96M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$7.74M	USD	2 Qtrs
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$-13.00K	USD	2 Qtrs
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$-9.60M	USD	2 Qtrs
Leased assets obtained in exchange for new operating leases	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$42.45M	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`	$2.89M	USD	Point-in-time

Stockholders Equity 56 line items

Line Item	Tag	Value	Unit	Period
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	2 Qtrs
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	2 Qtrs
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$610.38M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.90M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$620.87M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$615.44M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.98M	USD	Point-in-time
Net income	`ProfitLoss`	$29.23M	USD	2 Qtrs
Net income	`ProfitLoss`	$20.76M	USD	2 Qtrs
Net income	`ProfitLoss`	$17.82M	USD	1 Quarter
Net income	`ProfitLoss`	$32.96M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$736.00K	USD	2 Qtrs
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$552.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$362.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.19M	USD	2 Qtrs
Issuance of shares to employees and/or directors	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.34M	USD	2 Qtrs
Issuance of shares to employees and/or directors	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.66M	USD	2 Qtrs
Issuance of shares to employees and/or directors	`StockIssuedDuringPeriodValueShareBasedCompensation`	$163.00K	USD	1 Quarter
Conversion of Restricted Stock Units, net of shares withheld for taxes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-1.52M	USD	2 Qtrs
Conversion of Restricted Stock Units, net of shares withheld for taxes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-77.00K	USD	2 Qtrs
Conversion of Restricted Stock Units, net of shares withheld for taxes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-1.52M	USD	1 Quarter
Conversion of Restricted Stock Units, net of shares withheld for taxes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-77.00K	USD	1 Quarter
Conversion of Restricted Stock Units, net of shares withheld for taxes (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	122,319.00	shares	1 Quarter
Conversion of Restricted Stock Units, net of shares withheld for taxes (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	122,319.00	shares	2 Qtrs
Conversion of Restricted Stock Units, net of shares withheld for taxes (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	13,516.00	shares	2 Qtrs
Conversion of Restricted Stock Units, net of shares withheld for taxes (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	13,516.00	shares	1 Quarter
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$703.00K	USD	1 Quarter
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.20M	USD	2 Qtrs
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$371.00K	USD	1 Quarter
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$858.00K	USD	2 Qtrs
Repurchase of stock	`StockRepurchasedDuringPeriodValue`	$8.34M	USD	2 Qtrs
Repurchase of stock	`StockRepurchasedDuringPeriodValue`	$950.00K	USD	1 Quarter
Distribution of noncontrolling entities	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.50M	USD	2 Qtrs
Distribution of noncontrolling entities	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.50M	USD	1 Quarter
Distribution of noncontrolling entities	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.00M	USD	2 Qtrs
Distribution of noncontrolling entities	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.00M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$2.89M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$3.06M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$5.79M	USD	2 Qtrs
Dividends declared	`DividendsCommonStockCash`	$6.11M	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$610.38M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.90M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$620.87M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$615.44M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.98M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$29.23M	USD	2 Qtrs
Net income	`ProfitLoss`	$20.76M	USD	2 Qtrs
Net income	`ProfitLoss`	$17.82M	USD	1 Quarter
Net income	`ProfitLoss`	$32.96M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$736.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$552.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$362.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.19M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$33.51M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$18.19M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$21.50M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$28.04M	USD	2 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.03M	USD	2 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$37.00K	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00K	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.00K	USD	2 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$28.04M	USD	2 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$20.47M	USD	2 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$33.51M	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.