Primoris Services Corporation (PRIM)

Primoris Services Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	455.83	217.78	248.69	200.51	326.74
Trading Asset Securities	0.07	-	1.24	-	-
Cash & Short-Term Investments	455.89	217.78	249.93	200.51	326.74
Cash Growth	109.34%	-12.86%	24.64%	-38.63%	171.64%
Accounts Receivable	1,559	1,492	1,258	880.41	740.51
Receivables	1,559	1,492	1,258	880.41	740.51
Prepaid Expenses	89.85	130.08	164.82	81.13	25.99
Restricted Cash	5.6	5.76	10.3	5.13	4.23
Other Current Assets	49.06	39.65	21.56	14.9	17.8
Total Current Assets	2,159	1,885	1,704	1,182	1,115
Property, Plant & Equipment	949.29	836.44	696.66	591.89	563.51
Long-Term Investments	-	1.63	-	-	-
Goodwill	856.87	857.65	871.81	581.66	215.1
Other Intangible Assets	207.9	227.56	249.38	171.32	61.01
Long-Term Deferred Tax Assets	-	-	-	1.31	1.91
Other Long-Term Assets	22.34	18.91	21.79	15.06	12.78
Total Assets	4,196	3,827	3,544	2,543	1,970
Accounts Payable	624.25	628.96	534.96	273.46	245.91
Accrued Expenses	174.59	152.88	157.06	105.27	113.86
Current Portion of Long-Term Debt	74.63	72.9	78.14	67.23	47.72
Current Portion of Leases	122.02	96.41	72.57	61.59	73.03
Current Income Taxes Payable	53.47	14.2	16.21	7.97	13.78
Current Unearned Revenue	614.33	363.16	269.85	234.35	252.78
Other Current Liabilities	7.39	6.52	9.28	9.25	17.33
Total Current Liabilities	1,671	1,335	1,138	759.12	764.42
Long-Term Debt	660.19	885.37	1,065	598.58	278.04
Long-Term Leases	333.37	263.45	130.79	98.06	137.91
Long-Term Deferred Tax Liabilities	64.04	59.57	57.1	38.51	13.55
Other Long-Term Liabilities	58.05	47.91	43.92	59.01	60.87
Total Liabilities	2,786	2,591	2,435	1,553	1,255
Common Stock	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	285.81	275.85	263.77	261.92	89.1
Retained Earnings	1,128	961.03	847.68	727.43	624.69
Comprehensive Income & Other	-4.24	-0.79	-2.62	0.7	0.96
Total Common Equity	1,410	1,236	1,109	990.06	714.76
Minority Interest	-	-	-	-	0.04
Shareholders' Equity	1,410	1,236	1,109	990.06	714.79
Total Liabilities & Equity	4,196	3,827	3,544	2,543	1,970
Total Debt	1,190	1,318	1,347	825.45	536.71
Net Cash (Debt)	-734.33	-1,100	-1,097	-624.94	-209.96
Net Cash Per Share	-13.46	-20.29	-20.40	-11.76	-4.32
Filing Date Shares Outstanding	53.75	53.44	53.14	53.22	49.15
Total Common Shares Outstanding	53.74	53.37	53.12	53.19	48.11
Working Capital	488.79	550.2	566.32	422.97	350.85
Book Value Per Share	26.23	23.16	20.87	18.61	14.86
Tangible Book Value	344.77	150.88	-12.35	237.07	438.64
Tangible Book Value Per Share	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

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q