Primoris services corporation (PRIM)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net (loss) income

77,427

84,097

90,967

89,946

86,313

87,593

77,020

64,349

72,554

76,850

67,808

50,430

33,321

27,725

25,667

39,990

38,395

37,151

33,467

41,778

54,089

63,682

80,212

76,015

75,905

74,680

67,058

61,813

57,777

58,267

52,806

54,206

56,811

58,559

0

0

0

Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

67,948

62,258

59,489

57,848

57,614

58,067

58,722

60,286

61,433

61,386

60,746

59,835

58,408

57,244

55,489

53,063

50,918

48,544

46,450

44,640

42,421

39,364

35,435

32,146

29,080

26,985

25,618

24,625

24,104

0

0

0

Amortization of intangible assets

-

-

-

-

-

11,300

10,816

10,289

9,397

8,700

7,766

6,969

6,700

6,597

6,726

6,662

6,766

6,793

6,954

7,187

7,312

7,504

7,523

7,469

7,516

7,467

7,450

7,035

6,591

6,543

6,783

7,360

8,680

9,699

0

0

0

Stock-based compensation expense

1,591

1,579

1,723

1,681

1,525

1,253

963

866

882

1,126

1,369

1,607

1,824

1,627

1,432

1,236

1,050

1,050

1,050

1,049

1,059

934

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of property and equipment

12,041

11,947

7,361

6,689

4,669

3,556

3,766

2,806

4,230

4,434

5,196

5,592

5,249

4,677

4,576

4,385

3,362

2,116

1,840

1,110

1,030

1,895

1,186

2,013

1,809

1,406

1,532

1,178

2,365

2,752

2,252

1,404

118

-335

0

0

0

Unrealized loss on interest rate swap

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash items

2,061

320

335

367

315

275

252

184

199

203

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Customer retention deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

985

1,648

2,016

2,117

1,653

1,329

768

-4,823

-14,966

-27,447

-27,316

-30,073

-19,437

-12,665

-8,005

3,887

13,445

22,649

19,777

18,972

0

0

0

Accounts receivable

17,429

28,240

78,211

95,383

34,479

-20,912

72,945

-25,420

-55,025

-60,739

23,037

-327

-6,087

50,809

-92,589

-439

42,221

-19,528

-5,031

1,690

4,254

29,659

101,116

60,229

39,203

36,860

3,561

55,902

72,215

52,092

94,387

11,443

2,262

-20,767

0

0

0

Contract assets

-6,323

-19,677

-50,498

54,567

72,891

67,593

75,943

73,584

24,496

32,137

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and estimated earnings in excess of billings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,874

24,069

55,490

47,499

20,065

21,124

9,751

11,508

15,716

17,823

26,903

15,445

12,218

20,178

10,531

-5,426

2,481

11,265

6,925

24,591

0

0

0

Other current assets

9,866

7,248

12,120

-9,067

-1,847

2,278

-11,382

3,133

-49

-7,507

5,776

-2,799

-5,270

-903

-24,102

-14,218

-8,584

-4,784

25,433

22,647

24,894

25,767

11,896

21,399

22,480

14,774

0

0

0

-

-

-

-

-

-

-

-

Income from non-consolidated entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,264

5,192

55

-158

97

-540

-812

-646

186

-2,392

-154

4,293

4,018

0

0

0

Distributions received from non-consolidated entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,358

2,337

5,399

10,308

10,136

0

0

0

Inventory, prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

Other long-term assets

-1,271

-1,249

-1,368

-606

-925

-244

-1,816

852

324

-28

2,574

664

1,544

1,792

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Accounts payable

69,238

-13,894

-21,533

-1,197

-16,888

32,323

11,365

8,628

3,463

-30,547

15,085

16,939

-13,041

42,934

281

-16,507

15,379

-5,086

-24,657

-1,996

647

921

37,667

28,549

13,213

-25,131

-18,646

-14,013

7,922

34,338

42,205

13,882

4,345

17,241

0

0

0

Contract liabilities

-19,200

-1,221

-36,655

-21,376

-9,490

-43,801

-14,661

-21,257

-27,636

42,610

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease assets and liabilities, net

1,625

3,191

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of costs and estimated earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-46,546

-15,885

-20,383

-19,619

-20,490

-20,820

-2,159

-14,770

16,964

-4,473

-13,643

14,473

1,882

30,772

29,300

20,639

-496

-40,271

-37,259

-67,539

0

0

0

Contingent earnout liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,722

-5,058

-4,496

-4,214

-4,145

-9,971

-9,298

-20,142

-14,900

-8,233

-14,467

-871

-1,435

3,194

6,401

3,016

2,927

0

0

0

Accrued liabilities

-13,440

-22,924

7,195

5,767

-1,924

5,933

467

7,264

1,861

1,915

7,842

9,535

10,291

8,574

-1,403

15,246

14,681

11,729

15,057

-6,766

-15,309

-7,354

-1,501

14,802

17,457

15,824

9,114

1,033

3,069

3,176

7,585

-1,028

4,911

3,318

0

0

0

Other long-term liabilities

-667

377

-108

-919

-838

-895

1,733

-794

532

378

217

-197

-2,922

-3,677

1,458

2,101

-2,056

-1,658

0

0

0

-

-

624

492

1,107

3,738

2,790

-1,090

2,138

7,510

6,783

9,308

6,735

0

0

0

Net cash used in operating activities

184,610

117,981

99,572

31,007

51,059

126,815

14,637

71,937

143,514

188,942

173,392

173,368

147,273

62,577

115,695

71,136

10,751

48,377

21,553

21,677

59,797

36,101

54,925

86,560

63,356

77,753

99,796

47,046

51,287

98,393

33,550

27,266

48,628

39,500

0

0

0

Cash flows from investing activities:
Purchase of property and equipment

89,428

94,494

107,678

120,989

105,441

110,189

103,202

81,192

79,685

79,782

63,236

60,584

64,994

58,027

66,794

73,563

62,771

67,097

75,854

85,003

89,468

87,954

82,841

76,419

82,567

87,050

82,424

74,242

51,757

37,395

35,869

30,651

30,160

29,052

0

0

0

Issuance of a note receivable

-

-

-

-

-

15,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

31,125

28,621

26,395

27,042

12,321

11,657

11,364

9,883

10,486

8,736

8,867

8,544

8,281

9,603

11,513

12,010

10,372

9,889

8,105

6,399

7,246

5,814

5,159

9,207

8,034

7,865

7,906

3,979

6,322

9,035

8,753

9,177

7,163

3,443

0

0

0

Purchase of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,770

21,015

21,215

20,757

23,110

0

0

0

-

-

-

-

36,000

0

0

0

Sale of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,992

32,325

33,770

20,016

21,464

21,697

21,946

6,193

7,448

9,310

7,616

6,629

26,428

23,000

36,000

36,000

39,000

0

0

0

Cash received for the sale of equity method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,439

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,108

4,108

4,108

22,302

0

0

0

-

-

-

-

2,273

50,370

52,101

68,004

86,207

0

0

0

-

-

-

-

Net cash used in investing activities

-58,303

-65,873

-80,873

-93,537

-193,740

-209,152

-183,813

-176,522

-139,587

-131,434

-140,701

-125,134

-63,602

-59,421

-59,389

-65,661

-26,013

-48,518

-87,972

-101,618

-127,038

-102,603

-85,156

-72,894

-89,156

-97,120

-121,687

-125,792

-116,618

-95,008

-48,606

-33,605

-19,225

-22,609

0

0

0

Cash flows from financing activities:
Borrowings under revolving line of credit

-

212,880

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on revolving line of credit

-

212,880

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

38,703

55,008

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

75,278

0

0

0

-

-

-

-

107,609

0

0

0

-

-

-

-

-

-

-

-

Repayment of long-term debt and capital leases

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

876

1,090

1,237

1,336

1,584

2,023

2,564

3,276

3,997

4,440

4,695

4,618

4,402

4,091

3,965

9,021

10,718

10,677

11,168

6,282

0

0

0

Repayment of long-term debt

69,883

72,077

74,259

152,045

150,026

145,726

0

0

0

-

-

-

-

57,719

49,197

47,554

45,809

43,927

40,359

37,069

33,888

35,107

33,016

30,905

40,989

35,896

43,681

42,013

27,895

26,633

24,261

22,713

24,924

22,329

0

0

0

Repayment of subordinated debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,501

21,147

24,737

27,638

20,710

0

0

0

Proceeds from issuance of common stock purchased under a long-term incentive plan

578

1,804

1,804

1,804

1,804

1,498

1,498

1,498

1,498

1,148

1,149

1,149

1,149

1,440

1,439

1,439

1,439

1,621

1,621

1,621

1,621

1,671

1,671

1,671

1,671

1,455

1,455

1,455

1,455

1,240

1,065

1,065

1,065

647

0

0

0

Cash distribution to noncontrolling interest holders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,590

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

0

-

-

-

-

-

-

-

-

4,999

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

12,087

12,211

12,224

12,258

12,299

12,343

12,100

11,837

11,574

11,326

11,345

11,363

11,381

11,384

11,379

11,374

10,589

9,809

9,028

7,995

7,740

7,483

0

0

0

-

-

-

-

7,695

6,143

5,877

5,616

5,318

0

0

0

Other

-2,043

-784

-388

-1,165

-1,176

-1,173

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-107,149

-83,284

-34,438

-58,367

83,091

63,939

86,173

167,990

-18,240

-22,946

-38,123

-33,673

-33,995

-28,455

2,937

5,670

8,053

21,798

11,693

5,734

23,639

9,890

347

32,734

33,893

57,893

119,271

73,237

72,378

33,860

-4,034

-9,664

-26,311

-12,022

0

0

0

Effect of exchange rate changes on cash and cash equivalents

331

399

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

19,489

-30,777

-16,202

-120,782

-60,187

-19,322

-83,196

63,220

-14,313

34,562

-5,432

14,561

49,676

-25,299

59,243

11,145

-7,209

21,657

-54,726

-74,207

-43,602

-56,612

-29,884

46,400

8,093

38,526

97,380

-5,509

7,047

37,245

-19,090

-16,003

3,092

4,869

0

0

0

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest

16,151

16,155

16,847

19,869

18,205

16,105

13,387

7,493

7,668

7,965

8,401

9,070

8,909

8,819

8,690

8,512

7,938

7,688

6,869

7,466

6,846

6,432

7,378

5,527

5,781

5,532

4,091

3,975

3,312

3,004

3,400

3,629

4,345

4,765

0

0

0

Cash paid for income taxes, net of refunds received

16,985

16,647

7,446

1,037

13,451

14,246

5,745

14,040

24,200

25,984

32,163

22,879

9,501

8,624

10,248

14,350

19,186

18,696

32,656

46,023

55,777

57,613

51,231

47,345

49,665

48,126

45,701

38,339

31,251

31,404

30,644

31,988

32,499

33,600

0

0

0

Leased assets obtained in exchange for new operating leases

180,671

154,807

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES
Obligations incurred for the acquisition of property

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

2,637

0

0

0

-

-

-

-

-

-

-

-