10-Q Filing

PRIMORIS SERVICES CORP CIK: 1361538 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001558370-20-012945`
Period End Date	20200930
Filing Date	20201105
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	prim-20200930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 84 Cash Flow Statement 79 Stockholders Equity 53 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
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$228.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.29M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.67M	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$494.45M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.10M	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$404.91M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.10M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$361.10M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$344.81M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.67M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$32.98M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$42.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$912.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.12B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$366.72M	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`	$221.62M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.10M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.13M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$69.83M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$62.99M	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`	$14.86M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$13.45M	USD	Point-in-time
Total assets	`Assets`	$2.00B	USD	Point-in-time
Total assets	`Assets`	$1.83B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$251.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$235.97M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$256.02M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$192.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$183.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$223.64M	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`	$47.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$670.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$782.23M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$295.64M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$281.36M	USD	Point-in-time
Noncurrent operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$171.22M	USD	Point-in-time
Noncurrent operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$151.78M	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`	$82.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.32B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.20B	USD	Point-in-time
Commitments and contingencies (See Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock-$.0001 par value; 90,000,000 shares authorized; 48,096,318 and 48,665,138 issued and outstanding at September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Common stock-$.0001 par value; 90,000,000 shares authorized; 48,096,318 and 48,665,138 issued and outstanding at September 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`	$88.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$531.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$595.77M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$76.00K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-651.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$36.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.03M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$654.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$683.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$620.87M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.00B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.83B	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.32B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.59B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$865.06M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$942.70M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$2.32B	USD	3 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$819.02M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$2.08B	USD	3 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$756.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$241.41M	USD	3 Qtrs
Gross profit	`GrossProfit`	$123.68M	USD	1 Quarter
Gross profit	`GrossProfit`	$272.46M	USD	3 Qtrs
Gross profit	`GrossProfit`	$108.42M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$141.48M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$152.91M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$49.83M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$57.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$119.55M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$99.94M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$58.59M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$66.58M	USD	1 Quarter
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-724.00K	USD	3 Qtrs
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-141.00K	USD	3 Qtrs
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-77.00K	USD	1 Quarter
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-136.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.12M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.93M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$98.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$816.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeNet`	$13.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$610.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeNet`	$358.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeNet`	$42.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.73M	USD	1 Quarter
Interest expense	`InterestExpense`	$17.49M	USD	3 Qtrs
Interest expense	`InterestExpense`	$17.53M	USD	3 Qtrs
Interest expense	`InterestExpense`	$5.19M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$103.05M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$61.89M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$79.21M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$50.39M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.56M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.95M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.62M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$29.88M	USD	3 Qtrs
Net income	`ProfitLoss`	$56.59M	USD	3 Qtrs
Net income	`ProfitLoss`	$43.94M	USD	1 Quarter
Net income	`ProfitLoss`	$73.17M	USD	3 Qtrs
Net income	`ProfitLoss`	$35.83M	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.00K	USD	3 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.20M	USD	3 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$178.00K	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.00K	USD	1 Quarter
Net (loss) income attributable to Primoris	`NetIncomeLoss`	$35.65M	USD	1 Quarter
Net (loss) income attributable to Primoris	`NetIncomeLoss`	$73.16M	USD	3 Qtrs
Net (loss) income attributable to Primoris	`NetIncomeLoss`	$43.94M	USD	1 Quarter
Net (loss) income attributable to Primoris	`NetIncomeLoss`	$55.38M	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	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`	$0.18	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`	$0.18	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
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.91	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.09	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.51	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.50	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.90	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.08	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	50.98M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.37M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	50.89M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.25M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.21M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.57M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.22M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.71M	shares	3 Qtrs

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$56.59M	USD	3 Qtrs
Net income	`ProfitLoss`	$43.94M	USD	1 Quarter
Net income	`ProfitLoss`	$73.17M	USD	3 Qtrs
Net income	`ProfitLoss`	$35.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.73M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$64.55M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.22M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.73M	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$7.02M	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.20M	USD	3 Qtrs
Unrealized loss on interest rate swap	`UnrealizedGainLossOnDerivatives`	$-3.86M	USD	3 Qtrs
Unrealized loss on interest rate swap	`UnrealizedGainLossOnDerivatives`	$-4.85M	USD	3 Qtrs
Other non-cash items	`OtherNoncashExpense`	$240.00K	USD	3 Qtrs
Other non-cash items	`OtherNoncashExpense`	$4.12M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$177.94M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$91.74M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-32.27M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$16.78M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-9.71M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.22M	USD	3 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-167.00K	USD	3 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.07M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.53M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-29.76M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$63.68M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-3.92M	USD	3 Qtrs
Operating lease assets and liabilities, net	`IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities`	$1.49M	USD	3 Qtrs
Operating lease assets and liabilities, net	`IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities`	$-3.25M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$36.39M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$17.66M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.23M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$33.95M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$191.48M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.12M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$78.25M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.40M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$24.39M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$17.71M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-53.86M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.69M	USD	3 Qtrs
Borrowings under revolving line of credit	`ProceedsFromLinesOfCredit`	$212.88M	USD	3 Qtrs
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$212.88M	USD	3 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$33.87M	USD	3 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$55.01M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$56.32M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$55.82M	USD	3 Qtrs
Proceeds from issuance of common stock purchased under a long-term incentive plan	`ProceedsFromIssuanceOfCommonStock`	$578.00K	USD	3 Qtrs
Proceeds from issuance of common stock purchased under a long-term incentive plan	`ProceedsFromIssuanceOfCommonStock`	$1.80M	USD	3 Qtrs
Payment of taxes on conversion of Restricted Stock Units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$548.00K	USD	3 Qtrs
Payment of taxes on conversion of Restricted Stock Units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.52M	USD	3 Qtrs
Cash distribution to noncontrolling interest holders	`PaymentsToMinorityShareholders`	$1.00M	USD	3 Qtrs
Cash distribution to noncontrolling interest holders	`PaymentsToMinorityShareholders`	$3.50M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$10.96M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$8.71M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.15M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.89M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-328.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.52M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-45.97M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$268.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-553.00K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-107.23M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$108.26M	USD	3 Qtrs
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`	$43.84M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$228.55M	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 end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$151.06M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.84M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$228.55M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.29M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$13.43M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$12.40M	USD	3 Qtrs
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$-1.42M	USD	3 Qtrs
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$5.29M	USD	3 Qtrs
Leased assets obtained in exchange for new operating leases	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$51.66M	USD	3 Qtrs
Leased assets obtained in exchange for new operating leases	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$118.75M	USD	3 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 53 line items

Line Item	Tag	Value	Unit	Period
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`	$0.06	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`	$0.18	USD	3 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`	$0.18	USD	3 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	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.90M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$654.16M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.98M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$683.52M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$620.87M	USD	Point-in-time
Net income	`ProfitLoss`	$56.59M	USD	3 Qtrs
Net income	`ProfitLoss`	$43.94M	USD	1 Quarter
Net income	`ProfitLoss`	$73.17M	USD	3 Qtrs
Net income	`ProfitLoss`	$35.83M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-727.00K	USD	3 Qtrs
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$458.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-166.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$570.00K	USD	3 Qtrs
Issuance of shares to employees and/or directors	`StockIssuedDuringPeriodValueShareBasedCompensation`	$337.00K	USD	1 Quarter
Issuance of shares to employees and/or directors	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.49M	USD	3 Qtrs
Issuance of shares to employees and/or directors	`StockIssuedDuringPeriodValueShareBasedCompensation`	$157.00K	USD	1 Quarter
Issuance of shares to employees and/or directors	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.00M	USD	3 Qtrs
Conversion of Restricted Stock Units, net of shares withheld for taxes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-1.52M	USD	3 Qtrs
Conversion of Restricted Stock Units, net of shares withheld for taxes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-471.00K	USD	1 Quarter
Conversion of Restricted Stock Units, net of shares withheld for taxes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-548.00K	USD	3 Qtrs
Conversion of Restricted Stock Units, net of shares withheld for taxes (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	54,635.00	shares	1 Quarter
Conversion of Restricted Stock Units, net of shares withheld for taxes (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	122,319.00	shares	3 Qtrs
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$528.00K	USD	1 Quarter
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.73M	USD	3 Qtrs
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.22M	USD	3 Qtrs
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$360.00K	USD	1 Quarter
Repurchase of stock	`StockRepurchasedDuringPeriodValue`	$3.11M	USD	1 Quarter
Repurchase of stock	`StockRepurchasedDuringPeriodValue`	$11.45M	USD	3 Qtrs
Distribution of noncontrolling entities	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.00M	USD	3 Qtrs
Distribution of noncontrolling entities	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.50M	USD	3 Qtrs
Dividends declared	`DividendsCommonStockCash`	$3.06M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$8.68M	USD	3 Qtrs
Dividends declared	`DividendsCommonStockCash`	$9.17M	USD	3 Qtrs
Dividends declared	`DividendsCommonStockCash`	$2.89M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.90M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$654.16M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.98M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$683.52M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$620.87M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$56.59M	USD	3 Qtrs
Net income	`ProfitLoss`	$43.94M	USD	1 Quarter
Net income	`ProfitLoss`	$73.17M	USD	3 Qtrs
Net income	`ProfitLoss`	$35.83M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-727.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$458.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-166.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$570.00K	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$72.44M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$57.16M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$35.66M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$44.40M	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.00K	USD	3 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.20M	USD	3 Qtrs
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$178.00K	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.00K	USD	1 Quarter
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$72.44M	USD	3 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$55.95M	USD	3 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$35.48M	USD	1 Quarter
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$44.40M	USD	1 Quarter

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