Primoris Services Corporation PRIM Income Statement

Primoris services corporation (PRIM)

Income statement / Quarterly

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	Mar'11	Sep'10	Jun'10
Revenue
743,243	789,778	865,064	789,929	661,558	877,670	908,902	648,787	504,119	579,017	608,311	631,165	561,502	601,863	507,828	456,811	430,446	497,145	555,945	483,545	392,780	487,592	613,237	515,291	470,074	537,879	551,333	445,013	409,995	480,883	431,842	337,436	291,573	373,066	375,483	351,956	359,645	230,357	203,187
Cost of revenue
695,433	700,264	756,643	709,398	609,098	774,417	802,397	577,368	459,559	510,540	537,890	546,682	506,449	533,247	457,699	413,526	391,169	433,420	484,298	437,049	354,775	437,976	537,764	454,097	420,317	462,962	475,868	385,476	363,899	426,064	375,551	293,432	253,977	322,020	323,362	310,550	319,015	202,477	176,551
Gross profit
47,810	89,514	108,421	80,531	52,460	103,253	106,505	71,419	44,560	68,477	70,421	84,483	55,053	68,616	50,129	43,285	39,277	63,725	71,647	46,496	38,005	49,616	75,473	61,194	49,757	74,917	75,465	59,537	46,096	54,819	56,291	44,004	37,596	51,046	52,121	41,406	40,630	27,880	26,636
Selling, general and administrative expenses
44,388	48,574	49,827	48,719	42,931	49,957	51,604	43,489	36,956	43,316	42,321	44,881	39,854	38,877	35,994	32,498	32,658	40,851	38,545	38,547	33,760	33,161	36,162	33,213	29,712	34,121	36,478	31,560	28,619	26,740	26,014	23,396	20,274	25,779	20,103	20,477	19,845	14,580	15,823
Merger and related costs
-	-	-	-	-	70	3,827	7,668	1,695	-	238	1,096	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,716	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
3,422	40,940	58,594	31,812	9,529	53,226	51,074	20,262	5,909	24,721	27,862	38,506	15,199	28,924	11,419	10,787	6,619	22,473	33,102	7,949	4,245	16,455	39,311	27,981	20,045	40,796	38,987	27,977	17,477	28,079	30,277	20,608	17,322	25,267	32,018	20,929	20,785	13,300	10,813
Other income (expense):
Investment income
-	-	-	-	-	-	-	-	-	-	6,066	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from non-consolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,250	0	14	-5,005	113	-213	269	-709	-159	-47	1,101	-3,287	2,079	4,400	826	1,366	1,756
Foreign exchange (loss) gain
136	34	-136	-403	-185	-756	-69	1,256	257	-46	167	109	23	-86	-92	21	359	-338	-721	-140	436	300	-101	149	26	150	91	-29	-59	-6	18	-6	-42	154	-214	-72	36	80	94
Other income (expense), net
12	-13	-2,928	177	-370	-57	32	-771	-12	-	-39	-13	-	-	-278	-	-	1,451	361	-45	-44	-115	-201	-327	-114	5,613	-376	-377	-56	91	-382	-371	-208	-171	-314	-306	-297	-333	-322
Interest income
281	345	42	219	349	209	932	340	272	176	228	114	69	27	31	52	39	34	4	6	12	8	14	14	52	15	32	23	40	14	96	25	22	34	39	100	158	151	153
Interest expense
9,112	2,603	5,186	6,716	5,592	7,109	6,448	3,191	1,998	1,541	2,198	2,145	2,262	2,160	2,246	2,240	2,268	2,125	1,903	1,738	1,922	1,791	1,778	1,196	1,668	1,391	1,579	1,498	1,424	575	937	1,006	1,101	1,191	1,516	1,353	1,371	1,345	1,220
(Loss) income before provision for income taxes
-5,261	38,703	50,386	25,089	3,731	45,513	45,521	17,896	4,428	23,597	32,086	36,571	13,029	26,668	8,834	8,620	4,749	21,495	30,843	6,032	2,727	14,857	42,495	26,621	18,355	40,178	37,268	25,883	16,247	26,894	28,913	19,203	17,094	20,806	32,092	23,698	20,137	13,219	11,274
Provision for income taxes
-1,527	11,192	14,560	7,265	795	11,132	10,716	3,705	212	-211	9,952	14,175	4,517	11,902	4,078	3,333	1,833	8,787	11,764	2,340	1,055	5,833	15,105	10,618	7,090	14,624	14,075	9,990	6,207	8,962	10,965	7,346	6,564	8,335	12,744	9,236	7,859	5,642	4,187
Net (loss) income
-3,734	27,511	35,826	17,824	2,936	34,381	34,805	14,191	4,216	23,808	22,134	22,396	8,512	14,766	4,756	5,287	2,916	12,708	19,079	3,692	1,672	9,024	27,390	16,003	11,265	25,554	23,193	15,893	10,040	17,932	17,948	11,857	10,530	-	19,348	-	-	-	7,087
Less net income attributable to noncontrolling interests
3	566	178	37	989	2,014	2,114	2,476	3,528	1,287	1,537	851	821	296	252	231	223	-	72	54	-	94	0	0	432	3,073	1,348	329	270	911	432	124	44	-	-	-	-	-	-
Net (loss) income attributable to Primoris
-3,737	26,945	35,648	17,787	1,947	32,367	32,691	11,715	688	22,521	20,597	21,545	7,691	14,470	4,504	5,056	2,693	12,555	19,007	3,638	1,672	8,930	27,390	16,003	10,833	22,481	21,845	15,564	9,770	17,021	17,516	11,733	10,486	12,471	19,348	14,462	12,278	7,577	-
Dividends per common share (in dollars per share)
0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.05	0.05	0.05	-	0.05	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) earnings per share:
Basic (in dollars per share)
-0.08	0.53	0.70	0.35	0.04	0.63	0.64	0.23	0.01	0.44	0.40	0.42	0.15	0.28	0.09	0.10	0.05	0.24	0.37	0.07	0.03	0.17	0.53	0.31	0.21	0.44	0.42	0.30	0.19	0.32	0.34	0.23	0.21	0.24	0.38	0.28	0.25	0.17	0.16
Diluted (in dollars per share)
-0.08	0.52	0.70	0.35	0.04	0.63	0.63	0.23	0.01	0.43	0.40	0.42	0.15	0.27	0.09	0.10	0.05	0.24	0.37	0.07	0.03	0.17	0.53	0.31	0.21	0.44	0.42	0.30	0.19	0.33	0.34	0.23	0.20	0.24	0.38	0.28	0.24	0.17	0.16
Weighted average common shares outstanding:
Basic (in shares)
48,588	50,478	50,976	50,912	50,770	50,987	51,403	51,531	51,479	51,452	51,441	51,437	51,594	51,771	51,780	51,772	51,725	51,678	51,672	51,666	51,572	51,557	51,606	51,655	51,610	51,574	51,568	51,562	51,456	51,635	51,398	51,435	51,096	51,055	51,054	51,044	49,675	44,887	43,163
Diluted (in shares)
48,588	50,705	51,215	51,228	51,188	51,405	51,735	51,793	51,747	51,718	51,707	51,688	51,851	52,019	52,034	52,022	51,881	51,827	51,824	51,815	51,726	51,711	51,759	51,804	51,714	51,676	51,671	51,626	51,467	51,448	51,404	51,435	51,337	51,353	51,054	51,154	51,051	45,528	45,407