Primoris Services Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	431.42	455.83	217.78	248.69	200.51	326.74
Trading Asset Securities	-	0.07	-	1.24	-	-
Cash & Short-Term Investments	431.42	455.89	217.78	249.93	200.51	326.74
Cash Growth	22.18%	109.34%	-12.86%	24.64%	-38.63%	171.64%
Accounts Receivable	1,948	1,559	1,492	1,258	880.41	740.51
Receivables	1,948	1,559	1,492	1,258	880.41	740.51
Prepaid Expenses	128.32	89.85	130.08	164.82	81.13	25.99
Restricted Cash	5.9	5.6	5.76	10.3	5.13	4.23
Other Current Assets	52.43	49.06	39.65	21.56	14.9	17.8
Total Current Assets	2,566	2,159	1,885	1,704	1,182	1,115
Property, Plant & Equipment	1,015	949.29	836.44	696.66	591.89	563.51
Long-Term Investments	-	-	1.63	-	-	-
Goodwill	856.87	856.87	857.65	871.81	581.66	215.1
Other Intangible Assets	194.38	207.9	227.56	249.38	171.32	61.01
Long-Term Deferred Tax Assets	-	-	-	-	1.31	1.91
Other Long-Term Assets	18.38	22.34	18.91	21.79	15.06	12.78
Total Assets	4,650	4,196	3,827	3,544	2,543	1,970
Accounts Payable	945.63	624.25	628.96	534.96	273.46	245.91
Accrued Expenses	251.44	174.59	152.88	157.06	105.27	113.86
Current Portion of Long-Term Debt	63.84	74.63	72.9	78.14	67.23	47.72
Current Portion of Leases	146.56	122.02	96.41	72.57	61.59	73.03
Current Income Taxes Payable	101.57	53.47	14.2	16.21	7.97	13.78
Current Unearned Revenue	623.37	614.33	363.16	269.85	234.35	252.78
Other Current Liabilities	8.26	7.39	6.52	9.28	9.25	17.33
Total Current Liabilities	2,141	1,671	1,335	1,138	759.12	764.42
Long-Term Debt	422.2	660.19	885.37	1,065	598.58	278.04
Long-Term Leases	329.19	333.37	263.45	130.79	98.06	137.91
Long-Term Deferred Tax Liabilities	64.65	64.04	59.57	57.1	38.51	13.55
Other Long-Term Liabilities	65.41	58.05	47.91	43.92	59.01	60.87
Total Liabilities	3,022	2,786	2,591	2,435	1,553	1,255
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	291.72	285.81	275.85	263.77	261.92	89.1
Retained Earnings	1,338	1,128	961.03	847.68	727.43	624.69
Comprehensive Income & Other	-2.05	-4.24	-0.79	-2.62	0.7	0.96
Total Common Equity	1,628	1,410	1,236	1,109	990.06	714.76
Minority Interest	-	-	-	-	-	0.04
Shareholders' Equity	1,628	1,410	1,236	1,109	990.06	714.79
Total Liabilities & Equity	4,650	4,196	3,827	3,544	2,543	1,970
Total Debt	961.79	1,190	1,318	1,347	825.45	536.71
Net Cash (Debt)	-530.37	-734.33	-1,100	-1,097	-624.94	-209.96
Net Cash Per Share	-9.69	-13.46	-20.29	-20.40	-11.76	-4.32
Filing Date Shares Outstanding	54.03	53.75	53.44	53.14	53.22	49.15
Total Common Shares Outstanding	54.03	53.74	53.37	53.12	53.19	48.11
Working Capital	425.08	488.79	550.2	566.32	422.97	350.85
Book Value Per Share	30.13	26.23	23.16	20.87	18.61	14.86
Tangible Book Value	576.58	344.77	150.88	-12.35	237.07	438.64
Tangible Book Value Per Share	10.67	6.42	2.83	-0.23	4.46	9.12
Land	-	193.88	168.79	154.6	144.72	147.98
Machinery	-	625.81	714.86	764.63	695.89	591.58
Construction In Progress	-	74.64	38.67	26.15	22.37	17.81
Leasehold Improvements	-	19.6	22.86	21.35	19.56	16.02
Order Backlog	-	11,865	10,895	-	-	2,777

Source: S&P Global Market Intelligence. Standard template. Financial Sources.