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10-Q Filing

TUTOR PERINI CORP CIK: 77543 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001562762-15-000127
Period End Date 20150331
Filing Date 20150507
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance c543-20150331.xml
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $220.03M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $228.21M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $145.96M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $135.58M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $133.06M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $119.92M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $44.37M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $44.09M USD Point-in-time
Accounts receivable, including retainage ReceivablesNetCurrent $1.48B USD Point-in-time
Accounts receivable, including retainage ReceivablesNetCurrent $1.39B USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Costs and estimated earnings in excess of billings CostsInExcessOfBillingsOnUncompletedContractsOrPrograms $726.40M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Costs and estimated earnings in excess of billings CostsInExcessOfBillingsOnUncompletedContractsOrPrograms $795.51M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $17.96M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $17.96M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Other current assets OtherAssetsCurrent $74.37M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Other current assets OtherAssetsCurrent $68.73M USD Point-in-time
Total current assets AssetsCurrent $2.47B USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Total current assets AssetsCurrent $2.47B USD Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $228,211 in 2015 and $220,028 in 2014) PropertyPlantAndEquipmentNet $527.60M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 75.00M shares Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $228,211 in 2015 and $220,028 in 2014) PropertyPlantAndEquipmentNet $523.62M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 75.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 49.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 48.67M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 49.00M shares Point-in-time
Goodwill Goodwill $585.01M USD Point-in-time
Goodwill Goodwill $585.01M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 48.67M shares Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $99.31M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $100.25M USD Point-in-time
Other OtherAssetsNoncurrent $87.90M USD Point-in-time
Other OtherAssetsNoncurrent $86.53M USD Point-in-time
Total assets Assets $3.77B USD Point-in-time
Total assets Assets $3.77B USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $87.60M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $81.29M USD Point-in-time
Accounts payable, including retainage AccountsPayableCurrent $798.17M USD Point-in-time
Accounts payable, including retainage AccountsPayableCurrent $802.19M USD Point-in-time
Billings in excess of costs and estimated earnings BillingsInExcessOfCostCurrent $319.30M USD Point-in-time
Billings in excess of costs and estimated earnings BillingsInExcessOfCostCurrent $286.04M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $159.81M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $152.92M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.33B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.36B USD Point-in-time
LONG-TERM DEBT, less current maturities LongTermDebtNoncurrent $784.07M USD Point-in-time
LONG-TERM DEBT, less current maturities LongTermDebtNoncurrent $795.74M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesGrossNoncurrent $150.02M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesGrossNoncurrent $150.37M USD Point-in-time
OTHER LONG-TERM LIABILITIES OtherLiabilitiesNoncurrent $114.80M USD Point-in-time
OTHER LONG-TERM LIABILITIES OtherLiabilitiesNoncurrent $113.51M USD Point-in-time
Total liabilities Liabilities $2.39B USD Point-in-time
Total liabilities Liabilities $2.41B USD Point-in-time
Preferred stock, $1 par value: Authorized - 1,000,000 shares Issued and outstanding - none PreferredStockValue - USD Point-in-time
Preferred stock, $1 par value: Authorized - 1,000,000 shares Issued and outstanding - none PreferredStockValue - USD Point-in-time
Common stock - $1 par value: 75,000,000 shares authorized; Shares issued and outstanding: 49,001,429 shares and 48,421,467 shares CommonStockValue $48.67M USD Point-in-time
Common stock - $1 par value: 75,000,000 shares authorized; Shares issued and outstanding: 49,001,429 shares and 48,421,467 shares CommonStockValue $49.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.03B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.03B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $332.51M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $337.64M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-42.17M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-41.62M USD Point-in-time
Total stockholders' equity StockholdersEquity $1.38B USD Point-in-time
Total stockholders' equity StockholdersEquity $1.37B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $3.77B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $3.77B USD Point-in-time
Income Statement 30 line items
Line Item Tag Value Unit Period
Revenues ContractsRevenue $955.23M USD 1 Quarter
Revenues ContractsRevenue $1.07B USD 1 Quarter
Cost of operations ContractRevenueCost $849.89M USD 1 Quarter
Cost of operations ContractRevenueCost $975.71M USD 1 Quarter
Gross profit GrossProfit $105.35M USD 1 Quarter
Gross profit GrossProfit $90.76M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $63.85M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $70.67M USD 1 Quarter
INCOME FROM CONSTRUCTION OPERATIONS OperatingIncomeLoss $41.50M USD 1 Quarter
INCOME FROM CONSTRUCTION OPERATIONS OperatingIncomeLoss $20.08M USD 1 Quarter
Other (expense) income, net NonoperatingIncomeExpense $-3.37M USD 1 Quarter
Other (expense) income, net NonoperatingIncomeExpense $-754.00K USD 1 Quarter
Interest expense InterestExpense $10.83M USD 1 Quarter
Interest expense InterestExpense $11.12M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $27.29M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $8.21M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $11.35M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $3.08M USD 1 Quarter
NET INCOME NetIncomeLoss $5.13M USD 1 Quarter
NET INCOME NetIncomeLoss $15.94M USD 1 Quarter
BASIC EARNINGS PER COMMON SHARE (in dollars per share) EarningsPerShareBasic $0.11 USD 1 Quarter
BASIC EARNINGS PER COMMON SHARE (in dollars per share) EarningsPerShareBasic $0.33 USD 1 Quarter
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) EarningsPerShareDiluted $0.33 USD 1 Quarter
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) EarningsPerShareDiluted $0.10 USD 1 Quarter
BASIC (in shares) WeightedAverageNumberOfSharesOutstandingBasic 48.75M shares 1 Quarter
BASIC (in shares) WeightedAverageNumberOfSharesOutstandingBasic 48.44M shares 1 Quarter
Effect of dilutive stock options and restricted stock units (in shares) WeightedAverageNumberDilutedSharesOutstandingAdjustment 796,000.00 shares 1 Quarter
Effect of dilutive stock options and restricted stock units (in shares) WeightedAverageNumberDilutedSharesOutstandingAdjustment 490,000.00 shares 1 Quarter
DILUTED (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 48.93M shares 1 Quarter
DILUTED (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 49.54M shares 1 Quarter
Cash Flow Statement 49 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $5.13M USD 1 Quarter
Net income NetIncomeLoss $15.94M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $10.59M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $14.66M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $5.43M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $9.16M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-45.00K USD 1 Quarter
(Gain) loss on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $276.00K USD 1 Quarter
(Gain) loss on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-427.00K USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $3.49M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $2.38M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $2.23M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $427.00K USD 1 Quarter
Changes in other components of working capital IncreaseDecreaseInOtherOperatingCapitalNet $27.08M USD 1 Quarter
Changes in other components of working capital IncreaseDecreaseInOtherOperatingCapitalNet $80.70M USD 1 Quarter
NET CASH USED IN OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-41.13M USD 1 Quarter
NET CASH USED IN OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-2.32M USD 1 Quarter
Acquisition of property and equipment excluding certain financed purchases PaymentsToAcquirePropertyPlantAndEquipment $8.35M USD 1 Quarter
Acquisition of property and equipment excluding certain financed purchases PaymentsToAcquirePropertyPlantAndEquipment $5.69M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.42M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $798.00K USD 1 Quarter
Change in restricted cash IncreaseDecreaseInRestrictedCash $-277.00K USD 1 Quarter
Change in restricted cash IncreaseDecreaseInRestrictedCash $675.00K USD 1 Quarter
NET CASH USED BY INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-7.61M USD 1 Quarter
NET CASH USED BY INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-4.62M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt $280.20M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfDebt $178.04M USD 1 Quarter
Repayment of debt RepaymentsOfDebt $113.55M USD 1 Quarter
Repayment of debt RepaymentsOfDebt $262.11M USD 1 Quarter
Business acquisition-related payments BusinessAcquisitionRelatedPayments $1.03M USD 1 Quarter
Issuance of common stock and effect of cashless exercise IssuanceOfCommonStockAndEffectOfCashlessExercise $-773.00K USD 1 Quarter
Issuance of common stock and effect of cashless exercise IssuanceOfCommonStockAndEffectOfCashlessExercise $-1.57M USD 1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $61.88M USD 1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $17.32M USD 1 Quarter
Net Increase in Cash and Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $10.38M USD 1 Quarter
Net Increase in Cash and Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $13.14M USD 1 Quarter
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $145.96M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $135.58M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $133.06M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $119.92M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $145.96M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $135.58M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $133.06M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $119.92M USD Point-in-time
Interest InterestPaid $7.62M USD 1 Quarter
Interest InterestPaid $5.38M USD 1 Quarter
Income taxes IncomeTaxesPaidNet $11.70M USD 1 Quarter
Income taxes IncomeTaxesPaidNet $8.06M USD 1 Quarter
Property and equipment acquired through financing arrangements not included above NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $22.33M USD 1 Quarter
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $1.38B USD Point-in-time
Balance StockholdersEquity $1.37B USD Point-in-time
Net income NetIncomeLoss $5.13M USD 1 Quarter
Net income NetIncomeLoss $15.94M USD 1 Quarter
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-553.00K USD 1 Quarter
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-24.00K USD 1 Quarter
TOTAL COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $4.57M USD 1 Quarter
TOTAL COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $15.91M USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $9.16M USD 1 Quarter
Issuance of common stock, net IssuanceOfCommonStockNet $-773.00K USD 1 Quarter
Balance StockholdersEquity $1.38B USD Point-in-time
Balance StockholdersEquity $1.37B USD Point-in-time
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
NET INCOME NetIncomeLoss $5.13M USD 1 Quarter
NET INCOME NetIncomeLoss $15.94M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $-490.00K USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $-964.00K USD 1 Quarter
Change in fair value of investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $188.00K USD 1 Quarter
Change in fair value of investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-16.00K USD 1 Quarter
Change in fair value of interest rate swap OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent $74.00K USD 1 Quarter
Change in fair value of interest rate swap OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent $138.00K USD 1 Quarter
Other comprehensive income before taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $-164.00K USD 1 Quarter
Other comprehensive income before taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $-906.00K USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent $-376.00K USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent $-204.00K USD 1 Quarter
Change in fair value of investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-6.00K USD 1 Quarter
Change in fair value of investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $7.00K USD 1 Quarter
Change in fair value of interest rate swap OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $57.00K USD 1 Quarter
Change in fair value of interest rate swap OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $29.00K USD 1 Quarter
Income tax expense OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-353.00K USD 1 Quarter
Income tax expense OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-140.00K USD 1 Quarter
NET OTHER COMPREHENSIVE INCOME (LOSS) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-553.00K USD 1 Quarter
NET OTHER COMPREHENSIVE INCOME (LOSS) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-24.00K USD 1 Quarter
TOTAL COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $4.57M USD 1 Quarter
TOTAL COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $15.91M USD 1 Quarter

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

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