Primoris Services Corporation PRIM Balance Sheet

Primoris services corporation (PRIM)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Current assets:
Cash and cash equivalents
93,474	120,286	43,837	54,114	73,985	151,100	60,039	139,404	134,172	170,385	143,235	111,676	148,485	135,823	148,667	97,115	98,809	161,122	89,424	85,970	106,018	139,465	144,150	160,177	149,620	196,077	174,034	113,777	141,527	157,551	76,654	119,286	134,480	120,306	95,744	135,289	115,437
Restricted cash
-	-	-	-	-	-	-	35,492	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term investments
-	-	-	-	-	-	-	-	-	-	19,304	-	-	-	-	-	-	-	-	-	30,494	30,992	2,080	2,280	17,326	18,686	3,179	3,428	3,179	3,441	6,380	-	-	23,000	23,000	23,000	26,000
Customer retention deposits
-	-	-	-	-	-	-	-	-	-	926	906	377	481	3,049	3,033	2,839	2,598	2,064	1,385	823	481	411	56	55	5,304	15,377	27,503	27,371	35,377	34,814	40,168	35,376	31,490	21,369	17,519	12,518
Accounts receivable, net
416,412	404,911	551,543	472,946	397,786	372,695	473,045	375,763	260,920	291,589	356,851	355,231	369,775	388,000	293,495	318,074	341,101	320,588	386,084	318,513	299,028	337,382	388,381	311,321	289,124	304,955	284,497	251,092	249,621	268,095	263,144	175,082	156,696	187,378	157,924	155,122	208,145
Contract assets
359,370	344,806	331,910	415,142	366,435	364,245	382,492	360,710	262,932	265,902	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note receivable
-	-	-	-	-	-	-	-	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs and estimated earnings in excess of billings
-	-	-	-	-	-	-	-	-	-	177,662	158,741	129,614	138,618	156,391	133,606	140,610	116,455	116,517	109,537	85,120	68,654	96,150	88,111	75,067	57,146	80,434	70,288	48,164	41,701	63,931	45,473	33,012	41,866	60,474	33,584	17,275
Inventory and uninstalled contract materials
-	-	-	-	-	-	-	-	-	-	39,617	42,318	45,130	49,201	55,294	61,833	67,285	67,796	65,392	65,248	60,677	58,116	58,271	61,230	58,681	51,829	43,616	38,339	37,917	37,193	37,334	34,881	33,028	31,926	32,444	28,735	25,599
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,555	13,555	13,555	-	13,133	13,133	13,133	13,133	10,477	10,477	10,477	10,477	10,659	10,659	10,659	10,659	10,397	9,533	9,533
Prepaid expenses and other current assets
47,409	42,704	34,222	30,142	38,123	36,444	22,383	40,103	21,694	15,338	14,529	16,082	17,804	18,985	16,965	21,583	22,104	18,265	31,071	32,488	37,083	31,720	11,653	12,003	12,610	12,654	12,830	12,719	10,810	10,800	7,992	10,715	8,454	13,252	7,632	11,255	12,925
Total current assets
916,665	912,707	961,512	972,344	876,329	924,447	937,959	951,472	689,718	743,214	752,124	684,954	711,185	731,108	673,861	635,244	672,748	686,824	704,107	626,696	632,798	666,810	714,229	648,311	615,616	659,784	624,444	527,623	529,066	564,635	500,908	436,264	411,705	459,877	408,984	414,037	427,432
Property and equipment, net
363,993	375,888	379,739	377,147	369,128	375,884	369,123	356,843	313,937	311,777	305,046	309,013	285,921	277,346	286,886	293,450	279,994	283,545	286,386	286,275	282,046	271,431	262,835	245,342	228,834	226,512	220,179	215,659	195,258	184,840	159,369	151,345	137,015	129,649	123,646	120,974	123,167
Operating lease assets
253,117	242,385	228,100	179,000	153,168	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets
1,090	1,100	888	903	1,492	1,457	13,441	8,887	-	-	-	-	-	-	1,075	1,075	1,075	1,075	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in non-consolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,546	12,724	13,082	12,813	12,322	12,481	12,527	12,687	17,051	18,034	18,805
Intangible assets, net
67,460	69,829	72,581	75,516	78,450	81,198	85,813	94,089	42,376	44,800	48,655	51,228	31,114	32,841	31,423	33,199	34,814	36,438	38,149	39,860	37,930	39,581	42,471	42,345	43,460	45,303	48,002	49,893	50,984	51,978	32,452	32,428	33,875	32,021	33,048	35,101	40,633
Goodwill
215,103	215,103	215,103	215,103	207,410	206,159	208,130	197,071	153,374	153,374	151,118	150,672	127,226	127,226	123,445	126,161	126,161	124,161	124,562	124,562	128,727	119,410	118,626	118,626	118,626	118,626	118,626	118,028	118,964	116,941	104,019	103,569	103,569	94,179	94,179	94,179	94,179
Other long-term assets
17,675	13,453	11,046	5,198	4,789	5,002	6,680	5,639	3,042	2,575	4,749	1,624	2,151	2,046	2,174	958	606	211	2,785	2,200	400	400	404	382	416	468	1,214	1,158	1,181	-	-	-	-	-	-	-	-
Total assets
1,835,103	1,830,465	1,868,969	1,825,211	1,690,766	1,594,147	1,621,146	1,614,001	1,202,447	1,255,740	1,261,692	1,197,491	1,157,597	1,170,567	1,118,864	1,090,087	1,115,398	1,132,254	1,155,989	1,079,593	1,081,901	1,097,632	1,138,565	1,055,006	1,006,952	1,050,693	1,019,011	925,085	908,535	931,207	809,070	736,087	698,691	728,413	676,908	682,325	704,216
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
258,962	235,972	219,792	218,263	190,244	249,217	241,288	219,180	130,956	140,943	153,677	134,091	124,113	168,110	134,486	113,385	136,428	124,450	134,205	129,892	121,049	128,793	158,118	130,575	119,089	127,302	119,882	102,026	105,876	151,546	133,098	107,752	90,158	106,725	84,953	90,787	89,484
Contract liabilities
176,847	192,397	189,664	197,785	194,094	189,539	219,232	195,326	137,380	169,377	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Billings in excess of costs and estimated earnings
-	-	-	-	-	-	-	-	-	-	159,120	158,698	150,771	112,606	98,291	122,291	125,658	139,875	144,837	138,176	145,982	158,595	164,428	158,097	147,301	173,365	147,464	162,570	160,944	158,892	145,582	131,688	131,144	137,729	145,554	171,545	205,268
Accrued liabilities
192,648	183,501	219,472	203,235	165,923	117,527	130,382	130,479	99,909	76,027	125,626	116,244	105,839	108,006	111,473	100,449	89,642	93,596	113,589	85,960	75,887	83,401	100,052	93,258	91,559	91,079	101,881	80,349	75,996	76,152	84,783	66,292	59,860	59,923	71,381	65,869	55,859
Dividends payable
2,895	2,919	3,059	3,058	3,051	3,043	3,072	3,092	3,092	3,087	2,829	2,829	2,829	2,839	2,848	2,847	2,847	2,842	2,842	2,841	2,063	2,062	2,062	1,808	1,808	1,805	1,805	1,805	1,547	-	1,542	1,542	1,537	1,532	1,532	1,276	1,234
Current portion of capital leases
-	-	-	-	-	-	-	-	-	-	214	186	107	188	353	510	699	974	1,148	1,319	1,509	1,650	1,796	2,230	2,681	3,288	3,928	4,335	4,273	3,733	3,656	3,535	3,322	6,623	4,537	3,304	4,286
Current portion of long-term debt
52,430	55,659	60,104	64,651	66,872	62,488	63,947	65,376	63,975	65,464	62,697	58,031	58,087	58,189	53,632	50,159	52,290	54,436	47,288	41,249	41,226	38,909	35,024	30,683	27,559	28,475	26,910	21,967	20,944	19,446	16,107	15,244	13,448	13,870	9,658	9,546	9,623
Current portion of contingent earnout liabilities
-	-	-	-	-	-	-	-	-	-	1,252	1,213	-	-	-	-	-	-	349	737	919	5,901	6,136	5,403	4,347	5,000	8,763	8,048	18,728	10,900	10,050	9,755	6,924	3,450	3,450	-	-
Current portion of subordinated debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,223	3,223	15,167	14,931	14,700	15,833
Liabilities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	733	733	-
Total current liabilities
683,782	670,448	692,091	686,992	620,184	621,814	657,921	613,453	435,312	454,898	505,415	471,292	441,746	449,938	401,083	389,641	407,564	416,173	444,258	400,174	388,635	419,311	467,616	422,054	394,344	430,314	410,633	381,100	388,308	420,669	394,818	339,031	309,616	345,019	336,729	357,760	381,587
Long-term capital leases, net of current portion
-	-	-	-	-	-	-	-	-	-	245	170	14	15	17	18	29	22	105	274	431	657	1,009	1,386	1,823	2,295	2,760	3,584	3,469	3,831	3,833	4,089	4,303	4,047	7,499	5,656	7,354
Long-term debt, net of current portion
290,749	295,642	307,397	347,397	307,273	305,669	306,093	354,910	181,972	193,351	191,948	183,140	195,230	203,150	213,790	199,868	210,022	219,853	206,381	192,054	202,617	204,029	197,857	185,570	180,653	191,051	188,713	144,546	136,764	128,367	58,109	58,970	51,315	55,852	30,648	33,105	38,428
Noncurrent operating lease liabilities, net of current portion
176,546	171,225	162,418	124,894	104,039	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities
17,820	17,819	3,611	3,610	7,268	8,166	-	-	13,577	13,571	9,830	9,830	9,830	9,830	-	-	-	-	19,484	19,484	19,484	5,929	10,092	10,092	10,092	10,092	20,018	20,018	20,018	20,018	21,079	21,079	21,079	21,079	15,864	12,500	12,500
Long-term subordinated debt, net of current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,777	2,417	7,334	11,216	15,037	27,378
Long-term contingent earnout liabilities, net of current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,102	1,075	1,048	1,021	810	-	-	4,233	6,083	5,924	5,897	12,531	4,879	2,842	12,202	9,268	9,097	10,394	24,591
Other long-term liabilities
50,762	45,801	49,289	41,453	41,617	51,515	64,652	68,451	6,090	31,737	13,007	11,623	9,141	9,064	12,790	11,953	12,063	12,741	11,332	9,852	14,119	12,899	14,543	12,192	10,405	14,260	13,243	11,568	9,913	13,153	10,104	8,813	10,913	10,882	1,862	1,862	4,147
Total liabilities
1,219,659	1,200,935	1,214,806	1,204,346	1,080,381	987,164	1,028,666	1,036,814	636,951	693,557	720,445	676,055	655,961	671,997	627,680	601,480	629,678	648,789	682,662	622,913	626,334	643,846	691,927	631,294	597,317	652,245	641,450	566,740	564,369	598,569	492,822	436,601	411,845	453,481	412,915	436,314	495,985
Commitments and contingencies (See Note 16)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stockholders' equity
Preferred stock-$.0001 par value, 1,000,000 shares authorized, none issued and outstanding at December 31, 2015 and 2014
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	0
Common stock-$.0001 par value; 90,000,000 shares authorized; 48,254,575 and 48,665,138 issued and outstanding at March 31, 2020 and December 31, 2019, respectively
5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Additional paid-in capital
91,414	97,130	146,765	146,064	147,208	144,048	155,051	162,928	162,701	160,502	160,277	159,761	159,518	162,128	166,662	165,987	165,534	163,344	163,067	162,624	162,359	160,186	159,920	162,322	162,050	159,196	159,058	158,730	158,639	155,605	155,605	155,417	152,968	150,003	150,003	149,837	136,245
Retained earnings
524,655	531,291	507,269	474,684	459,959	461,075	431,764	402,158	393,547	395,961	376,537	358,779	340,073	335,218	323,594	321,944	319,740	319,899	310,191	294,030	293,236	293,628	286,765	261,437	247,242	238,216	217,540	197,500	183,741	175,517	160,038	144,064	133,873	124,924	113,985	96,169	71,981
Accumulated other comprehensive (loss) income
-1,661	76	-338	-172	-534	-908	577	377	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest
1,031	1,028	462	284	3,747	2,763	5,083	11,719	9,243	5,715	4,428	2,891	2,040	1,219	923	671	441	217	64	21	-33	-33	-52	-52	338	1,031	958	2,110	1,781	1,511	600	-	-	-	-	-	-
Total stockholders' equity
615,444	629,530	654,163	620,865	610,385	606,983	592,480	577,187	565,496	562,183	541,247	521,436	501,636	498,570	491,184	488,607	485,720	483,465	473,327	456,680	455,567	453,786	446,638	423,712	409,635	398,448	377,561	358,345	344,166	332,638	316,248	299,486	286,846	274,932	263,993	246,011	208,231
Total liabilities and stockholders' equity
1,835,103	1,830,465	1,868,969	1,825,211	1,690,766	1,594,147	1,621,146	1,614,001	1,202,447	1,255,740	1,261,692	1,197,491	1,157,597	1,170,567	1,118,864	1,090,087	1,115,398	1,132,254	1,155,989	1,079,593	1,081,901	1,097,632	1,138,565	1,055,006	1,006,952	1,050,693	1,019,011	925,085	908,535	931,207	809,070	736,087	698,691	728,413	676,908	682,325	704,216