10-Q Filing

PRIMORIS SERVICES CORP CIK: 1361538 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001558370-21-010031`
Period End Date	20210630
Filing Date	20210804
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	prim-20210630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 84 Cash Flow Statement 77 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$177.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$326.74M	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`	$479.01M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.73M	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$432.45M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.11M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$325.85M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$386.70M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	53.73M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$50.72M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$30.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.09B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.12B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$432.20M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$356.19M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$207.32M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$189.41M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.91M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.97M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$176.81M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$61.01M	USD	Point-in-time
Goodwill	`Goodwill`	$215.10M	USD	Point-in-time
Goodwill	`Goodwill`	$582.11M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$12.78M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$16.90M	USD	Point-in-time
Total assets	`Assets`	$1.97B	USD	Point-in-time
Total assets	`Assets`	$2.49B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$245.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$265.63M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$213.48M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$267.23M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$200.67M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$213.94M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$2.89M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$3.22M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$47.72M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$62.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$758.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$764.41M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$592.40M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$268.83M	USD	Point-in-time
Noncurrent operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$137.91M	USD	Point-in-time
Noncurrent operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$123.64M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$13.55M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$13.55M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$69.06M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$70.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.56B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.25B	USD	Point-in-time
Commitments and contingencies (See Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock-$.0001 par value; 90,000,000 shares authorized; 53,731,206 and 48,110,442 issued and outstanding at June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock-$.0001 par value; 90,000,000 shares authorized; 53,731,206 and 48,110,442 issued and outstanding at June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$89.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$274.01M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$660.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$624.69M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$958.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.05M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$37.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$40.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$714.79M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$936.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$615.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$901.36M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.97B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.49B	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.65B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$908.22M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.70B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$881.61M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$768.58M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$1.51B	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$1.50B	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$807.25M	USD	1 Quarter
Gross profit	`GrossProfit`	$113.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$148.78M	USD	2 Qtrs
Gross profit	`GrossProfit`	$193.21M	USD	2 Qtrs
Gross profit	`GrossProfit`	$100.97M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$57.75M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.42M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$95.81M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$111.18M	USD	2 Qtrs
Transaction and related costs	`BusinessCombinationAcquisitionRelatedCosts`	$14.38M	USD	2 Qtrs
Transaction and related costs	`BusinessCombinationAcquisitionRelatedCosts`	$480.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$52.97M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$67.65M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$49.55M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$54.80M	USD	1 Quarter
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-466.00K	USD	1 Quarter
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-200.00K	USD	1 Quarter
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-64.00K	USD	2 Qtrs
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-443.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$718.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$706.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$374.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$379.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$64.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$5.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$90.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$345.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.69M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.80M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.83M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.55M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$49.89M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$46.42M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$41.16M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$58.13M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.98M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.94M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.46M	USD	1 Quarter
Net income	`ProfitLoss`	$32.96M	USD	1 Quarter
Net income	`ProfitLoss`	$29.23M	USD	2 Qtrs
Net income	`ProfitLoss`	$42.14M	USD	2 Qtrs
Net income	`ProfitLoss`	$36.30M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.00K	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.00K	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00K	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00K	USD	1 Quarter
Net income attributable to Primoris	`NetIncomeLoss`	$29.22M	USD	2 Qtrs
Net income attributable to Primoris	`NetIncomeLoss`	$42.14M	USD	2 Qtrs
Net income attributable to Primoris	`NetIncomeLoss`	$36.29M	USD	1 Quarter
Net income attributable to Primoris	`NetIncomeLoss`	$32.96M	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`	$0.12	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
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`	$0.60	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.82	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.81	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.68	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.63M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	53.73M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.27M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.43M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.78M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.67M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.14M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.28M	shares	1 Quarter

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$32.96M	USD	1 Quarter
Net income	`ProfitLoss`	$29.23M	USD	2 Qtrs
Net income	`ProfitLoss`	$42.14M	USD	2 Qtrs
Net income	`ProfitLoss`	$36.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$41.89M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$51.70M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.20M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$7.49M	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$7.11M	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$7.33M	USD	2 Qtrs
Unrealized (gain) loss on interest rate swap	`UnrealizedGainLossOnDerivatives`	$2.25M	USD	2 Qtrs
Unrealized (gain) loss on interest rate swap	`UnrealizedGainLossOnDerivatives`	$-4.91M	USD	2 Qtrs
Other non-cash items	`OtherNoncashExpense`	$161.00K	USD	2 Qtrs
Other non-cash items	`OtherNoncashExpense`	$566.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$-11.36M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$65.86M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$32.77M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$27.73M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$20.02M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.27M	USD	2 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$181.00K	USD	2 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-223.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.90M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$21.90M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-56.69M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$30.78M	USD	2 Qtrs
Operating lease assets and liabilities, net	`IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities`	$1.83M	USD	2 Qtrs
Operating lease assets and liabilities, net	`IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities`	$551.00K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$22.12M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.27M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-5.01M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$18.01M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$60.65M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.59M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.70M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$62.76M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.53M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.09M	USD	2 Qtrs
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$606.97M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.62M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-659.20M	USD	2 Qtrs
Borrowings under revolving line of credit	`ProceedsFromLinesOfCredit`	$100.00M	USD	2 Qtrs
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$100.00M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$33.87M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$421.00M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$32.47M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$79.52M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$178.71M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$578.00K	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$4.88M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$8.34M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.11M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.81M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.96M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.09M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.27M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$504.25M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-384.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$585.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$35.38M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-148.76M	USD	2 Qtrs
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$177.98M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.29M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$155.67M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$326.74M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$177.98M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.29M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$155.67M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$326.74M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$11.23M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$7.74M	USD	2 Qtrs
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$17.61M	USD	2 Qtrs
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$-13.00K	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`	$10.67M	USD	2 Qtrs
Dividends declared and not yet paid	`DividendsPayableCurrentAndNoncurrent`	$2.89M	USD	Point-in-time
Dividends declared and not yet paid	`DividendsPayableCurrentAndNoncurrent`	$3.22M	USD	Point-in-time

Stockholders Equity 53 line items

Line Item	Tag	Value	Unit	Period
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`	$0.12	USD	2 Qtrs
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`	$0.06	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	Point-in-time
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$714.79M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$936.49M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$615.44M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.90M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$901.36M	USD	Point-in-time
Net income	`ProfitLoss`	$32.96M	USD	1 Quarter
Net income	`ProfitLoss`	$29.23M	USD	2 Qtrs
Net income	`ProfitLoss`	$42.14M	USD	2 Qtrs
Net income	`ProfitLoss`	$36.30M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.19M	USD	2 Qtrs
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$552.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$632.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.09M	USD	2 Qtrs
Share issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$151.00K	USD	1 Quarter
Issuance of shares, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$149.29M	USD	2 Qtrs
Issuance of shares to employees and directors	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.34M	USD	2 Qtrs
Issuance of shares to employees and directors	`StockIssuedDuringPeriodValueShareBasedCompensation`	$28.73M	USD	2 Qtrs
Issuance of shares to employees and directors	`StockIssuedDuringPeriodValueShareBasedCompensation`	$241.00K	USD	1 Quarter
Issuance of shares to employees and directors	`StockIssuedDuringPeriodValueShareBasedCompensation`	$163.00K	USD	1 Quarter
Conversion of Restricted Stock Units, net of shares withheld for taxes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-599.00K	USD	2 Qtrs
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	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-77.00K	USD	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
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.49M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.33M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.20M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$703.00K	USD	1 Quarter
Repurchase of stock	`StockRepurchasedDuringPeriodValue`	$950.00K	USD	1 Quarter
Repurchase of stock	`StockRepurchasedDuringPeriodValue`	$8.34M	USD	2 Qtrs
Distribution of noncontrolling entities	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.00M	USD	2 Qtrs
Distribution of noncontrolling entities	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.00M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$6.45M	USD	2 Qtrs
Dividends declared	`DividendsCommonStockCash`	$3.22M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$5.79M	USD	2 Qtrs
Dividends declared	`DividendsCommonStockCash`	$2.89M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$714.79M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$936.49M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$615.44M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.90M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$901.36M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$32.96M	USD	1 Quarter
Net income	`ProfitLoss`	$29.23M	USD	2 Qtrs
Net income	`ProfitLoss`	$42.14M	USD	2 Qtrs
Net income	`ProfitLoss`	$36.30M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.19M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$552.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$632.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.09M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$43.24M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$28.04M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$36.93M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$33.51M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.00K	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.00K	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00K	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00K	USD	1 Quarter
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$36.92M	USD	1 Quarter
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$33.51M	USD	1 Quarter
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$43.23M	USD	2 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$28.04M	USD	2 Qtrs

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