TUTOR PERINI CORP
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
TPC$97.43+2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2023 | 2022 | 2021 |
| Cash Flows from Operating Activities: | |||
| Net income (loss) | $(127,597) | $(192,572) | $134,150 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation | 42,992 | 49,838 | 82,732 |
| Amortization of intangible assets | 2,237 | 14,526 | 35,497 |
| Share-based compensation expense | 12,259 | 9,065 | 11,642 |
| Change in debt discounts and deferred debt issuance costs | 5,458 | 3,697 | 5,756 |
| Deferred income taxes | (64,820) | (79,449) | (13,887) |
| (Gain) loss on sale of property and equipment | (5,016) | 145 | 2,639 |
| Changes in other components of working capital | 428,910 | 390,424 | (422,227) |
| Other long-term liabilities | 3,754 | 14,317 | 14,766 |
| Other, net | 10,294 | (3,020) | 478 |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | 308,471 | 206,971 | (148,454) |
| Cash Flows from Investing Activities: | |||
| Acquisition of property and equipment | (52,953) | (59,780) | (38,594) |
| Proceeds from sale of property and equipment | 10,062 | 8,599 | 7,245 |
| Investments in securities | (48,351) | (23,948) | (30,761) |
| Proceeds from maturities and sales of investments in securities | 12,997 | 9,493 | 24,771 |
| NET CASH USED IN INVESTING ACTIVITIES | (78,245) | (65,636) | (37,339) |
| Cash Flows from Financing Activities: | |||
| Proceeds from debt | 712,324 | 693,757 | 740,743 |
| Repayment of debt | (773,999) | (732,101) | (777,762) |
| Cash payments related to share-based compensation | (969) | (1,734) | (1,989) |
| Distributions paid to noncontrolling interests | (46,500) | (47,386) | (22,655) |
| Contributions from noncontrolling interests | 2,000 | 8,688 | 7,000 |
| Debt issuance, extinguishment and modification costs | (2,233) | (124) | — |
| NET CASH USED IN FINANCING ACTIVITIES | (109,377) | (78,900) | (54,663) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 120,849 | 62,435 | (240,456) |
| Cash, cash equivalents and restricted cash at beginning of year | 273,831 | 211,396 | 451,852 |
| Cash, cash equivalents and restricted cash at end of year | $394,680 | $273,831 | $211,396 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.