TUTOR PERINI CORP
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
TPC$94.70+5.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| As of December 31, | ||
|---|---|---|
| (in thousands, except share and per share amounts) | 2024 | 2023 |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents ($131,738 and $173,118 related to VIEs) | $455,084 | $380,564 |
| Restricted cash | 9,104 | 14,116 |
| Restricted investments | 139,986 | 130,287 |
| Accounts receivable ($51,953 and $84,014 related to VIEs) | 986,893 | 1,054,014 |
| Retention receivable ($171,704 and $161,187 related to VIEs) | 560,163 | 580,926 |
| Costs and estimated earnings in excess of billings ($95,219 and $58,089 related to VIEs) | 942,522 | 1,143,846 |
| Other current assets ($24,954 and $26,725 related to VIEs) | 192,915 | 217,601 |
| Total current assets | 3,286,667 | 3,521,354 |
| PROPERTY AND EQUIPMENT: | ||
| Land | 44,132 | 44,127 |
| Building and improvements | 138,799 | 132,639 |
| Construction equipment | 609,495 | 613,166 |
| Other equipment | 196,870 | 185,530 |
| 989,296 | 975,462 | |
| Less accumulated depreciation | (566,308) | (534,171) |
| Total property and equipment, net ($19,876 and $35,135 related to VIEs) | 422,988 | 441,291 |
| GOODWILL | 205,143 | 205,143 |
| INTANGIBLE ASSETS, NET | 66,069 | 68,305 |
| DEFERRED INCOME TAXES | 143,289 | 74,083 |
| OTHER ASSETS | 118,554 | 119,680 |
| TOTAL ASSETS | $4,242,710 | $4,429,856 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES: | ||
| Current maturities of long-term debt | $24,113 | $117,431 |
| Accounts payable ($22,845 and $24,160 related to VIEs) | 631,468 | 466,545 |
| Retention payable ($19,744 and $22,841 related to VIEs) | 240,971 | 223,138 |
| Billings in excess of costs and estimated earnings ($326,561 and $439,759 related to VIEs) | 1,216,623 | 1,103,530 |
| Accrued expenses and other current liabilities ($16,391 and $18,206 related to VIEs) | 219,525 | 214,309 |
| Total current liabilities | 2,332,700 | 2,124,953 |
| LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $21,977 and $11,000 | 510,025 | 782,314 |
| DEFERRED INCOME TAXES | — | 956 |
| OTHER LONG-TERM LIABILITIES | 241,379 | 237,722 |
| TOTAL LIABILITIES | 3,084,104 | 3,145,945 |
| COMMITMENTS AND CONTINGENCIES (Note 8) | ||
| EQUITY | ||
| Stockholders' equity: | ||
| Preferred stock – authorized 1,000,000 shares ($1 par value), none issued | — | — |
| Common stock – authorized 112,500,000 shares ($1 par value), issued and outstanding 52,485,719 and 52,025,497 shares | 52,486 | 52,025 |
| Additional paid-in capital | 1,146,800 | 1,146,204 |
| Retained (deficit) earnings | (30,575) | 133,146 |
| Accumulated other comprehensive loss | (33,988) | (39,787) |
| Total stockholders' equity | 1,134,723 | 1,291,588 |
| Noncontrolling interests | 23,883 | (7,677) |
| TOTAL EQUITY | 1,158,606 | 1,283,911 |
| TOTAL LIABILITIES AND EQUITY | $4,242,710 | $4,429,856 |
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