2023 Q2 Form 10-Q Financial Statement

#000007754323000076 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $1.022B $776.3M
YoY Change 18.67% -18.47%
Cost Of Revenue $956.8M $800.5M
YoY Change 6.87% -11.24%
Gross Profit $64.96M -$24.17M
YoY Change -289.82% -148.01%
Gross Profit Margin 6.36% -3.11%
Selling, General & Admin $62.57M $57.78M
YoY Change 11.08% -4.11%
% of Gross Profit 96.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.35M $9.849M
YoY Change -43.41% -33.15%
% of Gross Profit 15.93%
Operating Expenses $62.57M $57.78M
YoY Change 11.08% -4.11%
Operating Profit $2.388M -$81.95M
YoY Change -102.64% 727.14%
Interest Expense $22.02M $21.51M
YoY Change 35.87% 30.45%
% of Operating Profit 921.94%
Other Income/Expense, Net $3.058M $6.417M
YoY Change 199.8% 73.57%
Pretax Income -$16.57M -$97.04M
YoY Change -84.33% 327.46%
Income Tax $200.0K -$48.10M
% Of Pretax Income
Net Earnings -$37.53M -$49.20M
YoY Change -40.43% 127.4%
Net Earnings / Revenue -3.67% -6.34%
Basic Earnings Per Share -$0.72 -$0.95
Diluted Earnings Per Share -$0.72 -$0.95
COMMON SHARES
Basic Shares Outstanding 51.64M shares 51.52M shares
Diluted Shares Outstanding 51.80M shares 51.55M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $263.5M $282.7M
YoY Change -14.78% -10.68%
Cash & Equivalents $263.5M $282.7M
Short-Term Investments
Other Short-Term Assets $165.8M $132.3M
YoY Change -20.26% -38.85%
Inventory
Prepaid Expenses
Receivables $3.009B $3.004B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.546B $3.528B
YoY Change -8.33% -10.35%
LONG-TERM ASSETS
Property, Plant & Equipment $444.6M $441.6M
YoY Change 3.91% 3.67%
Goodwill $205.1M $205.1M
YoY Change 0.0% 0.0%
Intangibles $69.42M $69.98M
YoY Change -7.3% -12.04%
Long-Term Investments
YoY Change
Other Assets $203.2M $232.5M
YoY Change 41.8% 58.72%
Total Long-Term Assets $922.3M $949.2M
YoY Change 8.36% 10.74%
TOTAL ASSETS
Total Short-Term Assets $3.546B $3.528B
Total Long-Term Assets $922.3M $949.2M
Total Assets $4.469B $4.477B
YoY Change -5.32% -6.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $487.8M $471.9M
YoY Change -12.17% -15.6%
Accrued Expenses $196.5M $171.6M
YoY Change 1.82% -13.94%
Deferred Revenue $1.025B $978.5M
YoY Change 7.16% 15.85%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $20.63M $66.23M
YoY Change -32.49% 184.42%
Total Short-Term Liabilities $1.956B $1.934B
YoY Change -0.37% 4.26%
LONG-TERM LIABILITIES
Long-Term Debt $905.6M $914.5M
YoY Change -3.43% -6.67%
Other Long-Term Liabilities $238.6M $238.4M
YoY Change -2.17% -1.02%
Total Long-Term Liabilities $1.144B $1.153B
YoY Change -3.17% -5.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.956B $1.934B
Total Long-Term Liabilities $1.144B $1.153B
Total Liabilities $3.100B $3.087B
YoY Change -1.63% -1.86%
SHAREHOLDERS EQUITY
Retained Earnings $217.6M $255.1M
YoY Change -49.36% -48.22%
Common Stock $1.196B $1.194B
YoY Change 0.52% 0.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.368B $1.404B
YoY Change
Total Liabilities & Shareholders Equity $4.469B $4.477B
YoY Change -5.32% -6.58%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$37.53M -$49.20M
YoY Change -40.43% 127.4%
Depreciation, Depletion And Amortization $10.35M $9.849M
YoY Change -43.41% -33.15%
Cash From Operating Activities $56.32M $21.33M
YoY Change -2.81% -82.34%
INVESTING ACTIVITIES
Capital Expenditures $12.83M $17.80M
YoY Change -176.27% 47.95%
Acquisitions
YoY Change
Other Investing Activities -$9.445M $10.91M
YoY Change -350.53% -484.12%
Cash From Investing Activities -$22.27M -$6.887M
YoY Change 70.71% -53.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -62.23M $14.37M
YoY Change 18.49% 250.98%
NET CHANGE
Cash From Operating Activities 56.32M $21.33M
Cash From Investing Activities -22.27M -$6.887M
Cash From Financing Activities -62.23M $14.37M
Net Change In Cash -28.18M $28.81M
YoY Change 269.99% -73.8%
FREE CASH FLOW
Cash From Operating Activities $56.32M $21.33M
Capital Expenditures $12.83M $17.80M
Free Cash Flow $43.50M $3.532M
YoY Change -41.83% -96.75%

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CY2022Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
132000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-148182000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-112448000 usd
CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-2256000 usd
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
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2489000 usd
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1088000 usd
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-251000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21328000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
120747000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17796000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12028000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6540000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1434000 usd
CY2023Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
386000 usd
CY2022Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
4657000 usd
CY2023Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
4755000 usd
CY2022Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
383000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6887000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14868000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
259500000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
284552000 usd
CY2023Q1 us-gaap Repayments Of Debt
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238101000 usd
CY2022Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
275910000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
123000 usd
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1009000 usd
CY2023Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
8500000 usd
CY2022Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
7500000 usd
CY2023Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2000000 usd
CY2022Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
3961000 usd
CY2023Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
407000 usd
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14369000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4094000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
28810000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
109973000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
273831000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
211396000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
302641000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
321369000 usd
CY2023Q1 us-gaap Basis Of Accounting
BasisOfAccounting
Basis of Presentation<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Condensed Consolidated Financial Statements do not include footnotes and certain financial information normally presented annually under generally accepted accounting principles in the United States (“GAAP”). Therefore, they should be read in conjunction with the audited consolidated financial statements and the related notes included in Tutor Perini Corporation’s (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2022. The results of operations for the three months ended March 31, 2023 may not be indicative of the results that will be achieved for the full year ending December 31, 2023.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements reflect all adjustments, including those of a normal recurring nature, necessary to present fairly the Company’s consolidated financial position as of March 31, 2023 and its consolidated statements of operations and cash flows for the interim periods presented. Intercompany balances and transactions have been eliminated. Certain amounts in the notes to the condensed consolidated financial statements of prior years have been reclassified to conform to the current year presentation.</span></div>
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
98480000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
776300000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
952154000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
776300000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
952154000 usd
CY2023Q1 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
108000000 usd
CY2022Q1 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
48500000 usd
CY2023Q1 us-gaap Construction Contractor Receivable Retainage
ConstructionContractorReceivableRetainage
563967000 usd
CY2022Q4 us-gaap Construction Contractor Receivable Retainage
ConstructionContractorReceivableRetainage
585556000 usd
CY2023Q1 us-gaap Contracts Receivable Claims And Uncertain Amounts
ContractsReceivableClaimsAndUncertainAmounts
599460000 usd
CY2022Q4 us-gaap Contracts Receivable Claims And Uncertain Amounts
ContractsReceivableClaimsAndUncertainAmounts
677367000 usd
CY2023Q1 us-gaap Unapproved Change Orders Amount
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619888000 usd
CY2022Q4 us-gaap Unapproved Change Orders Amount
UnapprovedChangeOrdersAmount
601681000 usd
CY2023Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
80438000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1299786000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1377528000 usd
CY2023Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
42606000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
49441000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1906359000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
2012525000 usd
CY2023Q1 tpc Contract Receivable Retainage Expected To Be Collected Beyond One Year Percentage
ContractReceivableRetainageExpectedToBeCollectedBeyondOneYearPercentage
0.55
CY2023Q1 tpc Costs And Estimated Earnings In Excess Of Billings
CostsAndEstimatedEarningsInExcessOfBillings
642600000 usd
CY2023Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
10800000 usd
CY2022Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
12600000 usd
CY2023Q1 tpc Contract Payable Retainage
ContractPayableRetainage
245972000 usd
CY2022Q4 tpc Contract Payable Retainage
ContractPayableRetainage
246562000 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
978505000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
975812000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1224477000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1222374000 usd
CY2023Q1 tpc Contract Payable Retainage Expected To Be Remitted Beyond One Year Percentage
ContractPayableRetainageExpectedToBeRemittedBeyondOneYearPercentage
0.39
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
365100000 usd
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
317800000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
282695000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
259351000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
19946000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
14480000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
302641000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
273831000 usd
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3431000 shares
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-49196000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-21634000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51551000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51107000 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51551000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51107000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.95
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.95
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2857000 shares
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-48100000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.496
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3900000 usd
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.171
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
97400000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
15900000 usd
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
1072991000 usd
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
867848000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
205143000 usd
CY2023Q1 us-gaap Goodwill Acquired During Period
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0 usd
CY2023Q1 us-gaap Goodwill
Goodwill
205143000 usd
CY2022Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q1 tpc Intangible Assets Gross
IntangibleAssetsGross
381940000 usd
CY2023Q1 tpc Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
198890000 usd
CY2023Q1 tpc Intangible Assets Accumulated Impairment Value
IntangibleAssetsAccumulatedImpairmentValue
113067000 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
69983000 usd
CY2022Q4 tpc Intangible Assets Gross
IntangibleAssetsGross
381940000 usd
CY2022Q4 tpc Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
198331000 usd
CY2022Q4 tpc Intangible Assets Accumulated Impairment Value
IntangibleAssetsAccumulatedImpairmentValue
113067000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
70542000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5500000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1700000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2200000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2200000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2200000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2200000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2200000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
6900000 usd
CY2022Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
980682000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
958439000 usd
CY2023Q1 us-gaap Debt Current
DebtCurrent
66228000 usd
CY2022Q4 us-gaap Debt Current
DebtCurrent
70285000 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
914454000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
888154000 usd
CY2023Q1 us-gaap Interest Expense Other
InterestExpenseOther
421000 usd
CY2022Q1 us-gaap Interest Expense Other
InterestExpenseOther
461000 usd
CY2023Q1 tpc Interest Expense Cash
InterestExpenseCash
20509000 usd
CY2022Q1 tpc Interest Expense Cash
InterestExpenseCash
15591000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1004000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
901000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
21513000 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
16492000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3474000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
4157000 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
13919000 usd
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
14444000 usd
CY2023Q1 tpc Lease Cost Before Sublease Income
LeaseCostBeforeSubleaseIncome
17393000 usd
CY2022Q1 tpc Lease Cost Before Sublease Income
LeaseCostBeforeSubleaseIncome
18601000 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
194000 usd
CY2022Q1 us-gaap Sublease Income
SubleaseIncome
190000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
17199000 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
18411000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
49147000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
50825000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
49147000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
50825000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6290000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6709000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
48006000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
49176000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
54296000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
55885000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1181
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1177
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3446000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3927000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
318000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6757000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
9198000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10028000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8910000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7478000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6770000 usd
CY2023Q1 tpc Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
58094000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
100478000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
46182000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
54296000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
868622 shares
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3100000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3400000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
25300000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
CY2023Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
969000 usd
CY2022Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
646000 usd
CY2023Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
255000 usd
CY2022Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
240000 usd
CY2023Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
978000 usd
CY2022Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
973000 usd
CY2023Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-413000 usd
CY2022Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-639000 usd
CY2023Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
659000 usd
CY2022Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
552000 usd
CY2023Q1 us-gaap Defined Benefit Plan Expected Future Employer Contributions Current Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsCurrentFiscalYear
1300000 usd
CY2023Q1 tpc Cash And Cash Equivalents Maturity Term
CashAndCashEquivalentsMaturityTerm
P3M
CY2023Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
163946000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
306000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
8713000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
155539000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
169876000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
180000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
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CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
159784000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
39040000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
527000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
100779000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
8186000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
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CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
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CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
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CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
67173000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
7073000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
155180000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
10272000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
25973000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
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CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2023Q1 tpc Debt Securities Available For Sale Amortized Cost Maturity Allocated And Single Maturity Date After Year5
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CY2023Q1 tpc Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date After Year5
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYear5
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CY2023Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
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CY2023Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q1 tpc Issuance Of Common Stock Net
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CY2023Q1 tpc Noncontrolling Interest Increase From Contributions From Noncontrolling Interest Holders
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CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1389707000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q1 us-gaap Profit Loss
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OtherComprehensiveIncomeLossNetOfTax
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CY2022Q1 tpc Issuance Of Common Stock Net
IssuanceOfCommonStockNet
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CY2022Q1 tpc Noncontrolling Interest Increase From Contributions From Noncontrolling Interest Holders
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CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q1 us-gaap Other Comprehensive Income Loss Before Tax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Tax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Before Tax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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CY2023Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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CY2022Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
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CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
12028000 usd
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
20238000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6417000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3697000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
21513000 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
16492000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-97041000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-22702000 usd
CY2023Q1 us-gaap Assets
Assets
4476778000 usd
CY2022Q4 us-gaap Assets
Assets
4542800000 usd

Files In Submission

Name View Source Status
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tpc-20230331xex102tpcxth187.jpg Edgar Link pending
tpc-20230331xex102tpcxth188.jpg Edgar Link pending
tpc-20230331xex102tpcxth189.jpg Edgar Link pending
tpc-20230331xex102tpcxth190.jpg Edgar Link pending
tpc-20230331xex102tpcxth191.jpg Edgar Link pending
tpc-20230331xex102tpcxth192.jpg Edgar Link pending
tpc-20230331xex102tpcxth193.jpg Edgar Link pending
tpc-20230331xex102tpcxth194.jpg Edgar Link pending
tpc-20230331xex102tpcxth195.jpg Edgar Link pending
tpc-20230331xex102tpcxth196.jpg Edgar Link pending
tpc-20230331xex102tpcxth197.jpg Edgar Link pending
tpc-20230331xex102tpcxth198.jpg Edgar Link pending
tpc-20230331_cal.xml Edgar Link unprocessable
tpc-20230331_def.xml Edgar Link unprocessable
tpc-20230331_pre.xml Edgar Link unprocessable
tpc-20230331_lab.xml Edgar Link unprocessable
tpc-20230331_htm.xml Edgar Link completed