Primoris Services Corporation (PRIM)

Primoris Services Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	352.66	217.78	248.69	200.51	326.74	120.29
Trading Asset Securities	0.43	-	1.24	-	-	-
Cash & Short-Term Investments	353.09	217.78	249.93	200.51	326.74	120.29
Cash Growth	119.67%	-12.86%	24.64%	-38.63%	171.64%	-20.37%
Accounts Receivable	1,702	1,492	1,258	880.41	740.51	737.73
Receivables	1,702	1,492	1,258	880.41	740.51	737.73
Prepaid Expenses	116.9	130.08	164.82	81.13	25.99	42.7
Restricted Cash	5.63	5.76	10.3	5.13	4.23	-
Other Current Assets	44.97	39.65	21.56	14.9	17.8	11.98
Total Current Assets	2,223	1,885	1,704	1,182	1,115	912.71
Property, Plant & Equipment	932.02	836.44	696.66	591.89	563.51	618.27
Long-Term Investments	-	1.63	-	-	-	-
Goodwill	857.65	857.65	871.81	581.66	215.1	215.1
Other Intangible Assets	212.56	227.56	249.38	171.32	61.01	69.83
Long-Term Deferred Tax Assets	-	-	-	1.31	1.91	1.1
Other Long-Term Assets	15.52	18.91	21.79	15.06	12.78	13.45
Total Assets	4,240	3,827	3,544	2,543	1,970	1,830
Accounts Payable	489.05	628.96	534.96	273.46	245.91	235.97
Accrued Expenses	203.47	152.88	157.06	105.27	113.86	100.44
Current Portion of Long-Term Debt	76.75	72.9	78.14	67.23	47.72	55.66
Current Portion of Leases	115.74	96.41	72.57	61.59	73.03	74.04
Current Income Taxes Payable	67.05	14.2	16.21	7.97	13.78	9.03
Current Unearned Revenue	655.22	363.16	269.85	234.35	252.78	186.08
Other Current Liabilities	5.11	6.52	9.28	9.25	17.33	9.24
Total Current Liabilities	1,612	1,335	1,138	759.12	764.42	670.45
Long-Term Debt	827	885.37	1,065	598.58	278.04	302.09
Long-Term Leases	327.3	263.45	130.79	98.06	137.91	171.23
Long-Term Deferred Tax Liabilities	59.49	59.57	57.1	38.51	13.55	17.82
Other Long-Term Liabilities	56.12	47.91	43.92	59.01	60.87	39.36
Total Liabilities	2,882	2,591	2,435	1,553	1,255	1,201
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	281.56	275.85	263.77	261.92	89.1	97.13
Retained Earnings	1,078	961.03	847.68	727.43	624.69	531.29
Comprehensive Income & Other	-1.86	-0.79	-2.62	0.7	0.96	0.08
Total Common Equity	1,358	1,236	1,109	990.06	714.76	628.5
Minority Interest	-	-	-	-	0.04	1.03
Shareholders' Equity	1,358	1,236	1,109	990.06	714.79	629.53
Total Liabilities & Equity	4,240	3,827	3,544	2,543	1,970	1,830
Total Debt	1,347	1,318	1,347	825.45	536.71	603.01
Net Cash (Debt)	-993.7	-1,100	-1,097	-624.94	-209.96	-482.72
Net Cash Per Share	-18.23	-20.29	-20.40	-11.76	-4.32	-9.45
Filing Date Shares Outstanding	53.71	53.44	53.14	53.22	49.15	48.67
Total Common Shares Outstanding	53.71	53.37	53.12	53.19	48.11	48.67
Working Capital	610.16	550.2	566.32	422.97	350.85	242.26
Book Value Per Share	25.28	23.16	20.87	18.61	14.86	12.91
Tangible Book Value	287.79	150.88	-12.35	237.07	438.64	343.57
Tangible Book Value Per Share	5.36	2.83	-0.23	4.46	9.12	7.06
Land	-	168.79	154.6	144.72	147.98	125.05
Machinery	-	714.86	764.63	695.89	591.58	601.3
Construction In Progress	-	38.67	26.15	22.37	17.81	33.16
Leasehold Improvements	-	22.86	21.35	19.56	16.02	15.4
Order Backlog	-	10,895	9,095	-	2,777	3,178

Source: S&P Capital IQ. Standard template. Financial Sources.