Tutor perini corporation (TPC)
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 income

-338,809

-360,225

-228,605

-229,890

113,445

97,781

125,237

125,101

129,838

154,544

101,958

105,459

94,186

95,822

74,273

65,149

55,566

45,292

64,302

80,355

97,123

107,936

113,473

101,502

88,435

87,296

95,672

114,504

-249,397

-265,400

-282,987

-290,101

78,016

86,148

0

0

0

Adjustments to reconcile net income to net cash used in operating activities:
Depreciation

62,986

58,818

54,684

50,874

47,254

43,724

41,505

38,793

37,578

48,387

56,927

64,561

71,946

63,759

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

11,100

6,200

3,500

3,500

3,514

3,500

3,586

3,572

3,543

3,543

3,543

3,543

3,543

3,543

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Share-based compensation expense

17,881

19,143

19,282

20,782

22,207

22,782

22,917

22,854

22,949

21,174

19,371

16,884

14,082

13,423

2,522

3,112

3,965

9,477

21,303

22,019

22,345

18,615

14,402

11,919

8,974

6,623

8,643

9,020

9,129

9,470

9,422

6,807

8,622

8,818

0

0

0

Excess income tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

0

0

0

Change in debt discount and deferred debt issuance costs

13,519

13,207

12,900

12,600

12,319

12,072

11,832

11,559

16,686

17,595

18,569

19,570

13,117

10,968

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

69,277

71,609

49,000

50,886

493

449

23,505

22,979

22,384

23,096

891

9,799

10,540

10,169

0

0

0

-

-

-

-

-21,460

-25,500

-8,445

-8,706

-9,009

-15,899

-17,315

30,951

25,606

30,742

32,842

-16,136

-10,854

0

0

0

Adjustment of investments to fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Loss on sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,699

-2,709

-2,709

-2,709

-10

0

0

0

Gain on sale of property and equipment

5,042

4,688

2,220

2,551

1,176

-402

-2,330

-2,954

-2,733

-1,131

223

100

-37

-453

1,788

2,392

2,348

2,909

946

-61

-98

-801

-1,195

-656

-552

-49

413

394

-319

-316

-679

342

1,401

726

0

0

0

Changes in other components of working capital

-194,565

-131,257

27,879

220,428

226,764

156,844

53,114

41,322

70,953

60,214

215,074

153,640

148,996

90,530

83,660

118,896

116,763

128,777

31,790

193,171

215,193

268,808

300,003

175,748

92,543

129,899

0

0

0

-

0

0

0

-

0

0

0

Cash from changes in other components of working capital:
Other long-term liabilities

747

1,863

4,578

6,478

-969

-2,007

3,926

1,181

6,619

3,656

33,889

29,220

30,447

28,210

21,736

25,059

22,470

28,912

439

-2,443

1,961

3,074

6,486

20,217

24,750

23,107

21,172

7,351

-3,467

-5,104

-14,299

-13,406

-13,362

-13,819

0

0

0

Other, net

2,485

-467

-330

-1,896

-654

-398

7,765

5,857

3,617

3,170

-3,264

1,289

3,006

1,874

-1,659

-779

54

3,680

3,743

1,548

-1,473

-3,273

2,839

2,046

3,949

3,719

-1,038

216

816

-148

-2,204

-1,051

-102

601

0

0

0

NET CASH USED IN OPERATING ACTIVITIES

227,308

136,530

167,528

-27,704

-29,980

21,402

126,885

135,790

122,992

163,550

21,074

74,140

64,547

113,336

87,564

50,406

32,340

14,072

107,421

-27,001

-17,872

-56,678

-81,639

27,863

94,053

50,728

-51,044

-74,566

-127,280

-67,863

65,515

24,985

-9,004

-31,620

0

0

0

Cash Flows from Investing Activities:
Acquisitions, net of cash balance acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

341,898

0

0

0

Acquisition of property and equipment

81,477

84,196

75,335

68,112

71,511

77,069

84,979

70,400

44,578

30,280

15,182

15,245

16,603

15,743

12,820

15,049

35,033

35,912

70,600

77,827

72,352

75,013

40,328

40,963

38,533

42,360

47,425

47,691

42,882

41,352

60,790

66,364

68,464

66,747

0

0

0

Proceeds from sale of property and equipment

12,963

12,581

5,225

5,896

3,285

6,387

6,766

5,528

5,788

2,744

2,200

2,143

1,219

1,899

3,899

4,950

5,121

4,980

2,402

4,551

4,716

5,335

5,265

2,210

3,841

2,663

2,560

4,504

8,030

11,759

15,273

16,241

13,124

10,049

0

0

0

Investments in securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in securities

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities and sales of investments in securities

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

535

0

0

0

-

-

-

0

Proceeds from sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,553

39,356

39,356

46,744

30,191

0

0

0

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,153

9,959

5,065

1,483

-8,416

-3,134

824

1,776

-478

-4,392

-1,962

3,877

8,766

8,335

9,781

3,280

2,883

6,241

6,821

6,816

0

0

0

NET CASH USED IN INVESTING ACTIVITIES

-71,406

-76,055

-77,809

-66,704

-72,504

-70,208

-88,692

-115,739

-98,668

-87,133

-58,767

-18,800

-12,079

-13,844

-19,074

-20,058

-34,977

-32,415

-59,782

-70,142

-23,963

-26,957

9,912

10,136

-32,730

-43,574

-53,631

-51,522

-44,633

-16,855

-13,604

-195,005

-284,230

-375,221

0

0

0

Cash Flows from Financing Activities:
Proceeds from debt

886,282

931,594

900,122

1,222,622

1,482,160

1,753,160

1,672,104

2,131,604

2,512,407

2,161,384

2,342,260

1,919,260

1,368,087

1,353,895

1,343,578

1,250,807

1,032,790

1,013,205

836,448

912,745

1,258,901

1,156,739

1,075,005

949,214

538,304

653,280

748,131

803,393

882,939

688,425

645,550

750,160

742,078

701,753

0

0

0

Repayment of debt

894,501

870,277

876,593

1,100,190

1,411,446

1,738,314

1,773,756

2,188,397

2,485,142

2,195,068

2,254,077

1,862,984

1,571,685

1,562,684

1,522,937

1,479,786

1,079,743

1,054,371

923,851

823,306

1,174,910

1,026,349

949,179

951,090

564,662

676,795

676,806

710,192

756,699

626,122

777,453

809,265

616,957

554,969

0

0

0

Business acquisition related payment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,430

0

0

0

-

-

-

-

11,462

10,090

2,932

92

1,904

0

0

0

Cash payments related to share-based compensation

693

2,363

2,363

2,576

2,727

2,671

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess income tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

0

0

0

Issuance of common stock and effect of cashless exercise

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-887

-1,016

-969

-1,771

-2,788

-3,754

-3,298

-1,882

-787

340

-160

-308

-454

-754

-498

-191

0

0

0

Distributions paid to noncontrolling interests

56,000

46,500

28,000

20,500

28,000

29,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from noncontrolling interests

-

9,813

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance and extinguishment costs

-

-

-

-

-

-

-

-

-

15,266

15,486

13,739

9,206

15,086

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

1,999

2,008

2,781

4,989

5,004

0

0

0

NET CASH PROVIDED BY FINANCING ACTIVITIES

-58,401

21,763

1,978

107,028

30,631

-28,979

-155,801

-103,026

-10,869

-75,376

60,398

30,163

-23,928

-24,190

5,360

-43,643

-52,739

-41,788

-87,973

64,202

54,729

99,295

81,053

-40,819

-60,577

-55,287

51,800

83,380

113,817

48,534

-144,455

-65,572

116,542

139,703

0

0

0

Net increase (decrease) in cash, cash equivalents and restricted cash

97,501

82,238

91,697

12,620

-71,853

-77,785

-117,608

-82,975

13,455

1,041

22,705

85,503

28,540

75,302

73,850

-13,295

-55,376

-60,131

-40,334

-32,941

12,894

15,660

9,326

-2,820

746

-48,133

-52,875

-42,708

-58,096

-36,184

-92,544

-235,592

-176,692

-267,138

0

0

0

Supplemental Disclosure of Cash Paid For:
Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

43,096

42,641

41,970

40,183

37,670

36,326

33,608

31,379

0

0

0

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

17,111

13,208

18,430

16,309

30,477

46,492

52,540

53,055

0

0

0

Supplemental Disclosure of Non-cash Transactions:
Property and equipment additions accrued in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Grant date fair value of common stock issued for services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,393

3,657

4,093

5,075

5,622

6,644

6,312

5,608

0

0

0

Property and equipment acquired through financing arrangements not included above

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

2,050

0

0

0

-

-

-

-

Assets acquired through financing arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0