Primoris services corporation (PRIM)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenue

3,106,329

2,939,478

2,379,995

1,996,948

1,929,415

2,086,194

1,944,220

1,541,734

1,460,150

941,765

467,010

Cost of revenue

2,775,403

2,613,741

2,101,561

1,795,641

1,709,542

1,850,154

1,688,205

1,349,024

1,274,947

818,976

391,435

Gross profit

330,926

325,737

278,434

201,307

219,873

236,040

256,015

192,710

185,203

122,789

75,575

Selling, general and administrative expenses

190,051

182,006

170,372

140,027

151,703

132,248

130,778

96,424

86,204

64,985

34,781

Merger and related costs

-

13,260

1,774

815

-

-

-

-

-

-

390

Impairment of goodwill

-

-

-

2,716

401

-

-

-

-

-

-

Operating income

140,875

130,471

106,288

57,749

67,769

103,792

125,237

96,286

98,999

57,804

40,404

Other income (expense):
Investment income

-

-

5,817

-

-

-

-

-

-

-

-

Income (loss) from non-consolidated entities

-

-

-

-

-

5,264

-4,836

186

4,018

4,630

8,753

Foreign exchange (loss) gain

-690

688

253

202

-763

374

153

-36

-96

250

293

Other income (expense), net

-3,134

-808

484

-315

1,723

-757

4,804

-870

-1,088

-1,429

-

Interest income

955

1,753

587

149

56

88

110

157

331

616

640

Interest expense

20,097

18,746

8,146

8,914

7,688

6,433

5,892

3,619

5,431

6,196

1,979

(Loss) income before provision for income taxes

117,909

113,358

105,283

48,871

61,097

102,328

119,576

92,104

96,733

55,675

48,111

Provision for income taxes

33,812

25,765

28,433

21,146

23,946

38,646

44,896

33,837

38,174

22,059

18,350

Net (loss) income

84,097

87,593

76,850

27,725

37,151

63,682

74,680

58,267

58,559

33,616

29,761

Less net income attributable to noncontrolling interests

1,770

10,132

4,496

1,002

279

526

5,020

1,511

-

-

-

Net (loss) income attributable to Primoris

82,327

77,461

72,354

26,723

36,872

63,156

69,660

56,756

58,559

33,616

25,912

Loss on discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-3,849

Dividends per common share (in dollars per share)

0.24

0.24

0.22

0.22

0.20

-

0.13

0.12

0.11

0.10

0.10

(Loss) earnings per share:
Income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.93

Loss on discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-0.12

Basic (in dollars per share)

1.62

1.51

1.41

0.52

0.71

1.22

1.35

1.10

1.15

0.79

0.81

Income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.86

Loss on discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-0.11

Diluted (in dollars per share)

1.61

1.50

1.40

0.51

0.71

1.22

1.35

1.10

1.14

0.72

0.75

Weighted average common shares outstanding:
Basic (in shares)

50,784

51,350

51,481

51,762

51,647

51,607

51,540

51,391

50,707

42,694

31,937

Diluted (in shares)

51,084

51,670

51,741

51,989

51,798

51,747

51,610

51,406

51,153

46,878

34,418