2024 Q1 Form 10-K Financial Statement

#000155837024001719 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.413B $1.516B $5.715B
YoY Change 12.4% 14.02% 29.29%
Cost Of Revenue $1.279B $1.359B $5.128B
YoY Change 10.56% 15.58% 29.37%
Gross Profit $133.4M $156.6M $587.5M
YoY Change 33.73% 2.1% 28.59%
Gross Profit Margin 9.44% 10.33% 10.28%
Selling, General & Admin $88.59M $80.75M $328.7M
YoY Change 13.56% -10.94% 16.75%
% of Gross Profit 66.42% 51.56% 55.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.58M $25.59M $107.0M
YoY Change -11.37% -14.16% 7.95%
% of Gross Profit 18.43% 16.34% 18.22%
Operating Expenses $88.59M $80.75M $328.7M
YoY Change 13.56% -10.94% 16.75%
Operating Profit $44.24M $75.85M $253.1M
YoY Change 132.49% 20.95% 29.56%
Interest Expense -$17.99M -$21.87M -$78.17M
YoY Change -2.56% 26.91% 99.35%
% of Operating Profit -40.67% -28.83% -30.89%
Other Income/Expense, Net -$126.0K $64.00K $1.604M
YoY Change -138.07% -96.44% -22.59%
Pretax Income $26.68M $53.04M $177.7M
YoY Change 1365.93% 16.69% 11.54%
Income Tax $7.737M $15.38M $51.52M
% Of Pretax Income 29.0% 29.0% 29.0%
Net Earnings $18.94M $37.66M $126.1M
YoY Change 1346.03% -9.26% -5.17%
Net Earnings / Revenue 1.34% 2.48% 2.21%
Basic Earnings Per Share $0.35 $0.71 $2.37
Diluted Earnings Per Share $0.35 $0.69 $2.33
COMMON SHARES
Basic Shares Outstanding 53.44M 53.36M 53.30M
Diluted Shares Outstanding 54.41M 54.39M 54.22M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $177.6M $217.8M $217.8M
YoY Change 87.43% -12.43% -12.43%
Cash & Equivalents $177.6M $217.8M $217.8M
Short-Term Investments
Other Short-Term Assets $138.0M $135.8M $135.8M
YoY Change 16.39% -22.97% -22.97%
Inventory
Prepaid Expenses
Receivables $1.684B $112.2M $1.532B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.999B $1.885B $1.885B
YoY Change 18.89% 10.61% 10.61%
LONG-TERM ASSETS
Property, Plant & Equipment $463.0M $475.9M $836.4M
YoY Change -4.26% -3.63% 20.06%
Goodwill $857.7M $857.7M
YoY Change -1.61% -1.62%
Intangibles $222.4M $227.6M
YoY Change -8.61% -8.75%
Long-Term Investments
YoY Change
Other Assets $18.07M $20.55M $20.55M
YoY Change -22.09% -5.69% -5.69%
Total Long-Term Assets $1.955B $1.942B $1.942B
YoY Change 6.19% 5.57% 5.57%
TOTAL ASSETS
Total Short-Term Assets $1.999B $1.885B $1.885B
Total Long-Term Assets $1.955B $1.942B $1.942B
Total Assets $3.954B $3.827B $3.827B
YoY Change 12.26% 8.0% 8.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $632.5M $629.0M $629.0M
YoY Change 12.68% 17.57% 17.57%
Accrued Expenses $283.0M $263.5M $249.3M
YoY Change 26.3% 7.18% 8.56%
Deferred Revenue $440.2M $366.5M
YoY Change 64.2% 32.81%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $89.53M $72.90M $72.90M
YoY Change 15.47% -6.7% -6.7%
Total Short-Term Liabilities $1.448B $1.335B $1.335B
YoY Change 27.71% 17.31% 17.31%
LONG-TERM LIABILITIES
Long-Term Debt $862.2M $885.4M $885.4M
YoY Change -16.68% -16.89% -16.89%
Other Long-Term Liabilities $47.93M $47.91M $311.4M
YoY Change 2.1% 9.1% 78.23%
Total Long-Term Liabilities $910.1M $933.3M $1.197B
YoY Change -15.87% -15.86% -3.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.448B $1.335B $1.335B
Total Long-Term Liabilities $910.1M $933.3M $1.197B
Total Liabilities $2.705B $2.591B $2.591B
YoY Change 12.07% 6.41% 6.41%
SHAREHOLDERS EQUITY
Retained Earnings $976.7M $961.0M
YoY Change 15.48% 13.37%
Common Stock $274.7M $275.9M
YoY Change 3.35% 4.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.249B $1.236B $1.236B
YoY Change
Total Liabilities & Shareholders Equity $3.954B $3.827B $3.827B
YoY Change 12.26% 8.0% 8.0%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $18.94M $37.66M $126.1M
YoY Change 1346.03% -9.26% -5.17%
Depreciation, Depletion And Amortization $24.58M $25.59M $107.0M
YoY Change -11.37% -14.16% 7.95%
Cash From Operating Activities -$28.46M $205.7M $198.6M
YoY Change -75.32% 10.96% 138.23%
INVESTING ACTIVITIES
Capital Expenditures $10.43M $20.50M $103.0M
YoY Change -24.65% 7.96% 8.78%
Acquisitions -$9.300M
YoY Change -101.94%
Other Investing Activities $14.62M $16.12M $73.00M
YoY Change 98.2% -26.96% -118.85%
Cash From Investing Activities $4.187M -$4.389M -$30.01M
YoY Change -164.71% -242.92% -93.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $681.0K
YoY Change -87.4%
Debt Paid & Issued, Net $6.978M $96.99M
YoY Change -77.86% 11.78%
Cash From Financing Activities -15.11M -145.3M -205.3M
YoY Change -58.73% 129.44% -145.41%
NET CHANGE
Cash From Operating Activities -28.46M 205.7M 198.6M
Cash From Investing Activities 4.187M -4.389M -30.01M
Cash From Financing Activities -15.11M -145.3M -205.3M
Net Change In Cash -39.70M 56.05M -35.45M
YoY Change -74.95% -55.21% -166.45%
FREE CASH FLOW
Cash From Operating Activities -$28.46M $205.7M $198.6M
Capital Expenditures $10.43M $20.50M $103.0M
Free Cash Flow -$38.90M $185.2M $95.55M
YoY Change -69.89% 11.3% -942.27%

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CY2023 us-gaap Nature Of Operations
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">PRIMORIS SERVICES CORPORATION</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Dollars in thousands, except share and per share amounts</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Note 1—Nature of Business</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Organization and operations</span><b style="font-weight:bold;"> — </b>Primoris Services Corporation is one of the leading providers of infrastructure services operating mainly in the United States and Canada. We provide a wide range of services, maintenance, replacement, fabrication and engineering services to a diversified base of customers through our two segments. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">We have longstanding customer relationships with utility, refining, petrochemical, power, midstream, and engineering companies, and state departments of transportation. We provide our services to a diversified base of customers, under a range of contracting options. A portion of our services are provided under Master Service Agreements (“MSA”), which are generally multi-year agreements. The remainder of our services are generated from contracts for specific construction or installation projects.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">We are incorporated in the State of Delaware, and our corporate headquarters are located at 2300 N. Field Street, Suite 1900, Dallas, Texas 75201. Unless specifically noted otherwise, as used throughout these consolidated financial statements, “Primoris”, “the Company”, “we”, “our”, “us” or “its” refers to the business, operations and financial results of the Company and its wholly-owned subsidiaries.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Reportable Segments </span>— Through the end of 2022, we segregated our business into three reportable segments: the Utilities segment, the Energy/Renewables segment, and the Pipeline Services (“Pipeline”) segment. In the first quarter of 2023, we changed our reportable segments in connection with the realignment of our internal organization and management structure. The segment changes reflect the focus of our Chief Operating Decision Maker (“CODM”) on the range of services we provide to our end user markets. Our CODM regularly reviews our operating and financial performance based on these new segments.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">The current reportable segments include the Utilities segment and the Energy segment, which is made up of our former Energy/Renewables and Pipeline segments. See Note 13 – “<i style="font-style:italic;">Reportable Segments</i>” for a brief description of the reportable segments and their operations.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">The classification of revenue and gross profit for segment reporting purposes can at times require judgment on the part of management. Our segments may perform services across industries or perform joint services for customers in multiple industries. To determine reportable segment gross profit, certain allocations, including allocations of shared and indirect costs, such as facility costs, equipment costs and indirect operating expenses, were made.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Seasonality </span><b style="font-weight:bold;">—</b> Our results of operations are subject to quarterly variations. Some of the variation is the result of weather, particularly rain, ice, snow, and named storms, which can impact our ability to perform infrastructure services. These seasonal impacts can affect revenue and profitability in all of our businesses. Any quarter can be affected either negatively or positively by atypical weather patterns in any part of the country. In addition, demand for new projects in our Utilities segment tends to be lower during the early part of the calendar year due to clients’ internal budget cycles. As a result, we usually experience higher revenue and earnings in the second, third and fourth quarters of the year as compared to the first quarter.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Variability </span>— Our project values range in size from several hundred dollars to several hundred million dollars. The bulk of our work is comprised of project sizes that average less than $3.0 million. We also perform large construction projects which tend not to be seasonal but can fluctuate from year to year based on customer timing, project duration, weather, and general economic conditions. Our business may be affected by declines or delays in new projects or by client project schedules. Because of the cyclical nature of our business, the financial results for any period may fluctuate from prior periods, and our financial condition and operating results may vary from quarter to quarter. Results from one quarter may not be indicative of financial condition or operating results for any other quarter or for an entire year.</p>
CY2023 us-gaap Number Of Reportable Segments
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2023 us-gaap Income Taxes Paid Net
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CY2022 us-gaap Income Taxes Paid Net
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CY2021 us-gaap Income Taxes Paid Net
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
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CY2023 us-gaap Nature Of Operations
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">PRIMORIS SERVICES CORPORATION</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Dollars in thousands, except share and per share amounts</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Note 1—Nature of Business</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Organization and operations</span><b style="font-weight:bold;"> — </b>Primoris Services Corporation is one of the leading providers of infrastructure services operating mainly in the United States and Canada. We provide a wide range of services, maintenance, replacement, fabrication and engineering services to a diversified base of customers through our two segments. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">We have longstanding customer relationships with utility, refining, petrochemical, power, midstream, and engineering companies, and state departments of transportation. We provide our services to a diversified base of customers, under a range of contracting options. A portion of our services are provided under Master Service Agreements (“MSA”), which are generally multi-year agreements. The remainder of our services are generated from contracts for specific construction or installation projects.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">We are incorporated in the State of Delaware, and our corporate headquarters are located at 2300 N. Field Street, Suite 1900, Dallas, Texas 75201. Unless specifically noted otherwise, as used throughout these consolidated financial statements, “Primoris”, “the Company”, “we”, “our”, “us” or “its” refers to the business, operations and financial results of the Company and its wholly-owned subsidiaries.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Reportable Segments </span>— Through the end of 2022, we segregated our business into three reportable segments: the Utilities segment, the Energy/Renewables segment, and the Pipeline Services (“Pipeline”) segment. In the first quarter of 2023, we changed our reportable segments in connection with the realignment of our internal organization and management structure. The segment changes reflect the focus of our Chief Operating Decision Maker (“CODM”) on the range of services we provide to our end user markets. Our CODM regularly reviews our operating and financial performance based on these new segments.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">The current reportable segments include the Utilities segment and the Energy segment, which is made up of our former Energy/Renewables and Pipeline segments. See Note 13 – “<i style="font-style:italic;">Reportable Segments</i>” for a brief description of the reportable segments and their operations.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">The classification of revenue and gross profit for segment reporting purposes can at times require judgment on the part of management. Our segments may perform services across industries or perform joint services for customers in multiple industries. To determine reportable segment gross profit, certain allocations, including allocations of shared and indirect costs, such as facility costs, equipment costs and indirect operating expenses, were made.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Seasonality </span><b style="font-weight:bold;">—</b> Our results of operations are subject to quarterly variations. Some of the variation is the result of weather, particularly rain, ice, snow, and named storms, which can impact our ability to perform infrastructure services. These seasonal impacts can affect revenue and profitability in all of our businesses. Any quarter can be affected either negatively or positively by atypical weather patterns in any part of the country. In addition, demand for new projects in our Utilities segment tends to be lower during the early part of the calendar year due to clients’ internal budget cycles. As a result, we usually experience higher revenue and earnings in the second, third and fourth quarters of the year as compared to the first quarter.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Variability </span>— Our project values range in size from several hundred dollars to several hundred million dollars. The bulk of our work is comprised of project sizes that average less than $3.0 million. We also perform large construction projects which tend not to be seasonal but can fluctuate from year to year based on customer timing, project duration, weather, and general economic conditions. Our business may be affected by declines or delays in new projects or by client project schedules. Because of the cyclical nature of our business, the financial results for any period may fluctuate from prior periods, and our financial condition and operating results may vary from quarter to quarter. Results from one quarter may not be indicative of financial condition or operating results for any other quarter or for an entire year.</p>
CY2023 us-gaap Number Of Reportable Segments
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Reclassification </span><b style="font-weight:bold;">—</b>Certain previously reported amounts have been reclassified to conform to the current year presentation.</p>
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CY2023 us-gaap Prior Period Reclassification Adjustment Description
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Reclassification </span><b style="font-weight:bold;">—</b>Certain previously reported amounts have been reclassified to conform to the current year presentation.</p>
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CY2023 prim Accounts Receivable Securitization Term
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CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:36pt;"></span><span style="font-style:italic;font-weight:bold;">Use of estimates </span><b style="font-weight:bold;">—</b><span style="white-space:pre-wrap;">The preparation of our Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. As a construction contractor, we use estimates for costs to complete construction projects and the contract value of certain construction projects. These estimates have a direct effect on gross profit as reported in these consolidated financial statements. Actual results could materially differ from our estimates.</span></p>
CY2023 prim Minimum Liquidation Period Of Assets In Which Significant Working Capital Invested
MinimumLiquidationPeriodOfAssetsInWhichSignificantWorkingCapitalInvested
P1Y
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4420599000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3497632000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:36pt;"></span><span style="font-style:italic;font-weight:bold;">Use of estimates </span><b style="font-weight:bold;">—</b><span style="white-space:pre-wrap;">The preparation of our Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. As a construction contractor, we use estimates for costs to complete construction projects and the contract value of certain construction projects. These estimates have a direct effect on gross profit as reported in these consolidated financial statements. Actual results could materially differ from our estimates.</span></p>
CY2023 prim Minimum Liquidation Period Of Assets In Which Significant Working Capital Invested
MinimumLiquidationPeriodOfAssetsInWhichSignificantWorkingCapitalInvested
P1Y
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
217800000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
248700000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
217800000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
248700000
CY2023 prim Percentage Of Labor Force Subject To Collective Bargaining
PercentageOfLaborForceSubjectToCollectiveBargaining
0.306
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Customer concentration</span> — We operate in multiple industry segments encompassing the construction of commercial, utility, industrial and public works infrastructure assets primarily throughout the United States. Typically, the top ten customers in any one calendar year account for approximately 40.0% to 50.0% of total revenue; however, the group that comprises the top ten customers varies from year to year. For the years ended December 31, 2023, 2022 and 2021, approximately 41.1%, 46.1% and 42.9%, respectively, of total revenue was generated from our top ten customers in each year. In each of the years, a different group of customers comprised the top ten customers by revenue, and no one customer accounted for more than 10% of total revenue.</p>
CY2023 prim Percentage Of Labor Force Subject To Collective Bargaining
PercentageOfLaborForceSubjectToCollectiveBargaining
0.306
CY2022 prim Self Insurance Limit Per Claim
SelfInsuranceLimitPerClaim
500000
CY2023 prim Self Insurance Limit Per Claim
SelfInsuranceLimitPerClaim
500000
CY2023Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
47600000
CY2022Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
45700000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1500000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
2000000.0
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
5400000000
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.539
CY2023 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
1200000
CY2022 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
3300000
CY2023Q4 prim Contract With Customer Liability Modification Of Contract
ContractWithCustomerLiabilityModificationOfContract
203500000
CY2023 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueModificationOfContract
175700000
CY2022 prim Self Insurance Limit Per Claim
SelfInsuranceLimitPerClaim
500000
CY2023 prim Self Insurance Limit Per Claim
SelfInsuranceLimitPerClaim
500000
CY2023Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
47600000
CY2022Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
45700000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1500000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
2000000.0
CY2023 prim Significant Revision In Contract Increase Decrease In Net Income
SignificantRevisionInContractIncreaseDecreaseInNetIncome
-15000000.0
CY2023 prim Significant Revision In Contract Increase Decrease In Net Income
SignificantRevisionInContractIncreaseDecreaseInNetIncome
-15000000.0
CY2023Q4 prim Significant Revision In Contract Estimate Earning Per Share Basic Impact
SignificantRevisionInContractEstimateEarningPerShareBasicImpact
-0.28
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Customer concentration</span> — We operate in multiple industry segments encompassing the construction of commercial, utility, industrial and public works infrastructure assets primarily throughout the United States. Typically, the top ten customers in any one calendar year account for approximately 40.0% to 50.0% of total revenue; however, the group that comprises the top ten customers varies from year to year. For the years ended December 31, 2023, 2022 and 2021, approximately 41.1%, 46.1% and 42.9%, respectively, of total revenue was generated from our top ten customers in each year. In each of the years, a different group of customers comprised the top ten customers by revenue, and no one customer accounted for more than 10% of total revenue.</p>
CY2021Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
615249000
CY2021Q1 prim Cash And Restricted Cash Acquired From Acquisition
CashAndRestrictedCashAcquiredFromAcquisition
10525000
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
604724000
CY2022 prim Effective Income Tax Rate Reconciliation Proforma Tax Effect Business Acquisition
EffectiveIncomeTaxRateReconciliationProformaTaxEffectBusinessAcquisition
0.165
CY2021 prim Effective Income Tax Rate Reconciliation Proforma Tax Effect Business Acquisition
EffectiveIncomeTaxRateReconciliationProformaTaxEffectBusinessAcquisition
0.238
CY2021Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
615249000
CY2021Q1 prim Cash And Restricted Cash Acquired From Acquisition
CashAndRestrictedCashAcquiredFromAcquisition
10525000
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
604724000
CY2022 prim Effective Income Tax Rate Reconciliation Proforma Tax Effect Business Acquisition
EffectiveIncomeTaxRateReconciliationProformaTaxEffectBusinessAcquisition
0.165
CY2021 prim Effective Income Tax Rate Reconciliation Proforma Tax Effect Business Acquisition
EffectiveIncomeTaxRateReconciliationProformaTaxEffectBusinessAcquisition
0.238
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
5400000000
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.539
CY2023 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
1200000
CY2022 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
3300000
CY2023Q4 prim Contract With Customer Liability Modification Of Contract
ContractWithCustomerLiabilityModificationOfContract
203500000
CY2023 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueModificationOfContract
175700000
CY2023Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
604166000
CY2022Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
420511000
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
283767000
CY2023Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
202358000
CY2022Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
174149000
CY2021Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
124990000
CY2023Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
39652000
CY2022Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
21564000
CY2021Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
14902000
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
846176000
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
616224000
CY2023 prim Increase Decrease In Contract With Customer Asset Net Current
IncreaseDecreaseInContractWithCustomerAssetNetCurrent
230000000.0
CY2023Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
604166000
CY2022Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
420511000
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
283767000
CY2023Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
202358000
CY2022Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
174149000
CY2021Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
124990000
CY2023Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
39652000
CY2022Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
21564000
CY2021Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
14902000
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
846176000
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
616224000
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
423659000
CY2023 prim Increase Decrease In Contract With Customer Asset Net Current
IncreaseDecreaseInContractWithCustomerAssetNetCurrent
230000000.0
CY2023Q4 prim Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
363159000
CY2022Q4 prim Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
269853000
CY2021Q4 prim Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
234352000
CY2023Q4 prim Contract With Customer Liability Accrued Loss Provision Current
ContractWithCustomerLiabilityAccruedLossProvisionCurrent
3317000
CY2022Q4 prim Contract With Customer Liability Accrued Loss Provision Current
ContractWithCustomerLiabilityAccruedLossProvisionCurrent
6094000
CY2021Q4 prim Contract With Customer Liability Accrued Loss Provision Current
ContractWithCustomerLiabilityAccruedLossProvisionCurrent
6060000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
366476000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
275947000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
240412000
CY2023 prim Increase Decrease In Contract With Customer Liability Current
IncreaseDecreaseInContractWithCustomerLiabilityCurrent
90500000
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
232900000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
220900000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5715309000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4420599000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3497632000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5715309000
CY2023Q4 prim Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
363159000
CY2022Q4 prim Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
269853000
CY2021Q4 prim Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
234352000
CY2023Q4 prim Contract With Customer Liability Accrued Loss Provision Current
ContractWithCustomerLiabilityAccruedLossProvisionCurrent
3317000
CY2022Q4 prim Contract With Customer Liability Accrued Loss Provision Current
ContractWithCustomerLiabilityAccruedLossProvisionCurrent
6094000
CY2021Q4 prim Contract With Customer Liability Accrued Loss Provision Current
ContractWithCustomerLiabilityAccruedLossProvisionCurrent
6060000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
366476000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
275947000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
240412000
CY2023 prim Increase Decrease In Contract With Customer Liability Current
IncreaseDecreaseInContractWithCustomerLiabilityCurrent
90500000
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
232900000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
220900000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5715309000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4420599000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3497632000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5715309000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4420599000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3497632000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
945181000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
966720000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
469252000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
472861000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
475929000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
493859000
CY2023 us-gaap Depreciation
Depreciation
85200000
CY2022 us-gaap Depreciation
Depreciation
78200000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
945181000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
966720000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
469252000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
472861000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
475929000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
493859000
CY2023 us-gaap Depreciation
Depreciation
85200000
CY2022 us-gaap Depreciation
Depreciation
78200000
CY2021 us-gaap Depreciation
Depreciation
87200000
CY2021Q4 us-gaap Goodwill
Goodwill
581664000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
290144000
CY2022Q4 us-gaap Goodwill
Goodwill
871808000
CY2023 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
14158000
CY2023Q4 us-gaap Goodwill
Goodwill
857650000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
16141000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
15604000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
14381000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
144073000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
227561000
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
8283000
CY2021 us-gaap Depreciation
Depreciation
87200000
CY2021Q4 us-gaap Goodwill
Goodwill
581664000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
290144000
CY2022Q4 us-gaap Goodwill
Goodwill
871808000
CY2023 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
14158000
CY2023Q4 us-gaap Goodwill
Goodwill
857650000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
334747000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
107186000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
227561000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
334747000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
85366000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
249381000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21800000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20900000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18300000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
19701000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
17661000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
334747000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
107186000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
227561000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
334747000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
85366000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
249381000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21800000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20900000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18300000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
19701000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
17661000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
16141000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
15604000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
144073000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
227561000
CY2023Q4 prim Contract With Customer Accounts Payable Due To Subcontractors
ContractWithCustomerAccountsPayableDueToSubcontractors
24700000
CY2022Q4 prim Contract With Customer Accounts Payable Due To Subcontractors
ContractWithCustomerAccountsPayableDueToSubcontractors
21500000
CY2023Q4 prim Contract With Customer Accounts Payable Due To Subcontractors
ContractWithCustomerAccountsPayableDueToSubcontractors
24700000
CY2022Q4 prim Contract With Customer Accounts Payable Due To Subcontractors
ContractWithCustomerAccountsPayableDueToSubcontractors
21500000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
108618000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
114053000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
96411000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
72565000
CY2023Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
18015000
CY2022Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
19935000
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
14203000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
16213000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
26245000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
23071000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
263492000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
245837000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
964747000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1151735000
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6475000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
108618000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
114053000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
96411000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
72565000
CY2023Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
18015000
CY2022Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
19935000
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
14203000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
16213000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
26245000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
23071000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
263492000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
245837000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
964747000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
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1151735000
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CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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