10-Q Filing

PRIMORIS SERVICES CORP CIK: 1361538 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001558370-21-015104`
Period End Date	20210930
Filing Date	20211109
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	prim-20210930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 82 Cash Flow Statement 78 Stockholders Equity 52 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`	$326.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$199.03M	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`	$554.50M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.11M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.80M	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$432.45M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$411.26M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	53.80M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.11M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$325.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$52.44M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$30.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.12B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.22B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$434.31M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$356.19M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$173.20M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$207.32M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.92M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.91M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$61.01M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$172.16M	USD	Point-in-time
Goodwill	`Goodwill`	$215.10M	USD	Point-in-time
Goodwill	`Goodwill`	$584.68M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$14.49M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$12.78M	USD	Point-in-time
Total assets	`Assets`	$1.97B	USD	Point-in-time
Total assets	`Assets`	$2.60B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$245.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$315.28M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$267.23M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$202.12M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$200.67M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$234.00M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$2.89M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$3.23M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$68.03M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$47.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$764.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$822.65M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$268.83M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$610.56M	USD	Point-in-time
Noncurrent operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$110.82M	USD	Point-in-time
Noncurrent operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$137.91M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$8.87M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$13.55M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$70.08M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$67.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.62B	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; 53,800,811 and 48,110,442 issued and outstanding at September 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Common stock-$.0001 par value; 90,000,000 shares authorized; 53,800,811 and 48,110,442 issued and outstanding at September 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$6.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$89.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$275.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$624.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$701.21M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$958.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$974.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$37.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$43.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$936.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$714.79M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$977.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$683.52M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.60B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.97B	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.59B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$913.25M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.61B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$942.70M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$819.02M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$2.32B	USD	3 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$785.81M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$2.29B	USD	3 Qtrs
Gross profit	`GrossProfit`	$123.68M	USD	1 Quarter
Gross profit	`GrossProfit`	$272.46M	USD	3 Qtrs
Gross profit	`GrossProfit`	$127.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$320.64M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.71M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$172.88M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$152.75M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$56.98M	USD	1 Quarter
Transaction and related costs	`BusinessCombinationAcquisitionRelatedCosts`	$117.00K	USD	1 Quarter
Transaction and related costs	`BusinessCombinationAcquisitionRelatedCosts`	$154.00K	USD	3 Qtrs
Transaction and related costs	`BusinessCombinationAcquisitionRelatedCosts`	$447.00K	USD	1 Quarter
Transaction and related costs	`BusinessCombinationAcquisitionRelatedCosts`	$14.82M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$66.58M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$65.28M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$132.94M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$119.55M	USD	3 Qtrs
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-77.00K	USD	1 Quarter
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-443.00K	USD	3 Qtrs
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-141.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$181.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$555.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$98.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$816.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-17.17M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-4.70M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-4.71M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-14.15M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$60.77M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$118.89M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$103.05M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$61.89M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$32.69M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.95M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$29.88M	USD	3 Qtrs
Net income	`ProfitLoss`	$43.94M	USD	1 Quarter
Net income	`ProfitLoss`	$44.06M	USD	1 Quarter
Net income	`ProfitLoss`	$86.20M	USD	3 Qtrs
Net income	`ProfitLoss`	$73.17M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00K	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.00K	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.00K	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.00K	USD	3 Qtrs
Net income attributable to Primoris	`NetIncomeLoss`	$43.94M	USD	1 Quarter
Net income attributable to Primoris	`NetIncomeLoss`	$86.19M	USD	3 Qtrs
Net income attributable to Primoris	`NetIncomeLoss`	$73.16M	USD	3 Qtrs
Net income attributable to Primoris	`NetIncomeLoss`	$44.05M	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	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
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.51	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.65	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.91	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.90	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.50	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.63	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.81	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	52.35M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	53.77M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.37M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.25M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.89M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.57M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.71M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.37M	shares	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$43.94M	USD	1 Quarter
Net income	`ProfitLoss`	$44.06M	USD	1 Quarter
Net income	`ProfitLoss`	$86.20M	USD	3 Qtrs
Net income	`ProfitLoss`	$73.17M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$62.56M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$78.86M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$9.15M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.73M	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$13.07M	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.20M	USD	3 Qtrs
Unrealized (gain) loss on interest rate swap	`UnrealizedGainLossOnDerivatives`	$3.18M	USD	3 Qtrs
Unrealized (gain) loss on interest rate swap	`UnrealizedGainLossOnDerivatives`	$-3.86M	USD	3 Qtrs
Other non-cash items	`OtherNoncashExpense`	$823.00K	USD	3 Qtrs
Other non-cash items	`OtherNoncashExpense`	$295.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$91.74M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$69.66M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$54.26M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$16.78M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$21.80M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-9.71M	USD	3 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-477.00K	USD	3 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.07M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$57.70M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.53M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-67.82M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$63.68M	USD	3 Qtrs
Operating lease assets and liabilities, net	`IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities`	$1.39M	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`	$21.33M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$33.95M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-8.46M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$191.48M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.89M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$102.13M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.40M	USD	3 Qtrs
Proceeds from sale of property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$17.71M	USD	3 Qtrs
Proceeds from sale of property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$43.49M	USD	3 Qtrs
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$606.97M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.69M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-665.62M	USD	3 Qtrs
Borrowings under revolving line of credit	`ProceedsFromLinesOfCredit`	$100.00M	USD	3 Qtrs
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$100.00M	USD	3 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$461.72M	USD	3 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$33.87M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$96.47M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$56.32M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$178.71M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$578.00K	USD	3 Qtrs
Cash distribution to noncontrolling interest holders	`PaymentsToMinorityShareholders`	$1.00M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$4.88M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$10.96M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$8.71M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.33M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-7.04M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.44M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$522.71M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-45.97M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-553.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$300.00K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-127.72M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$108.26M	USD	3 Qtrs
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`	$326.74M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$228.55M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$199.03M	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`	$326.74M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$228.55M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$199.03M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$13.43M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$16.55M	USD	3 Qtrs
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$5.29M	USD	3 Qtrs
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$31.19M	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`	$15.50M	USD	3 Qtrs
Dividends declared and not yet paid	`DividendsPayableCurrentAndNoncurrent`	$3.23M	USD	Point-in-time
Dividends declared and not yet paid	`DividendsPayableCurrentAndNoncurrent`	$2.89M	USD	Point-in-time

Stockholders Equity 52 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`	$0.18	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	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
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.90M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$936.49M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$714.79M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$977.39M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$683.52M	USD	Point-in-time
Net income	`ProfitLoss`	$43.94M	USD	1 Quarter
Net income	`ProfitLoss`	$44.06M	USD	1 Quarter
Net income	`ProfitLoss`	$86.20M	USD	3 Qtrs
Net income	`ProfitLoss`	$73.17M	USD	3 Qtrs
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-727.00K	USD	3 Qtrs
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.08M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$16.00K	USD	3 Qtrs
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$458.00K	USD	1 Quarter
Issuance of shares, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$157.00K	USD	1 Quarter
Issuance of shares, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$178.24M	USD	3 Qtrs
Issuance of shares, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$212.00K	USD	1 Quarter
Issuance of shares, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$1.49M	USD	3 Qtrs
Conversion of Restricted Stock Units, net of shares withheld for taxes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-726.00K	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	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-1.32M	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 (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	54,635.00	shares	3 Qtrs
Conversion of Restricted Stock Units, net of shares withheld for taxes (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	41,119.00	shares	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.73M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.66M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.15M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$528.00K	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
Dividends declared	`DividendsCommonStockCash`	$8.68M	USD	3 Qtrs
Dividends declared	`DividendsCommonStockCash`	$2.89M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$3.23M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$9.68M	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.90M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$936.49M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$714.79M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$977.39M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$683.52M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$43.94M	USD	1 Quarter
Net income	`ProfitLoss`	$44.06M	USD	1 Quarter
Net income	`ProfitLoss`	$86.20M	USD	3 Qtrs
Net income	`ProfitLoss`	$73.17M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-727.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.08M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$16.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$458.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$44.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$72.44M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$42.98M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$86.22M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00K	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.00K	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.00K	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.00K	USD	3 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$72.44M	USD	3 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$44.40M	USD	1 Quarter
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$86.21M	USD	3 Qtrs
Comprehensive income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$42.98M	USD	1 Quarter

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