TUTOR PERINI CORP
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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.
FY2025 · Filed Feb 26, 2026
TPC$94.70+5.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| As of December 31, | ||
|---|---|---|
| (in thousands, except share and per share amounts) | 2025 | 2024 |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents ($361,898 and $131,738 related to VIEs) | $734,553 | $455,084 |
| Restricted cash | 35,641 | 9,104 |
| Restricted investments | 228,959 | 139,986 |
| Accounts receivable ($126,245 and $51,953 related to VIEs) | 1,218,609 | 986,893 |
| Retention receivable ($216,099 and $171,704 related to VIEs) | 668,894 | 560,163 |
| Costs and estimated earnings in excess of billings ($82,426 and $95,219 related to VIEs) | 819,199 | 942,522 |
| Other current assets ($145,473 and $24,954 related to VIEs) | 411,030 | 192,915 |
| Total current assets | 4,116,885 | 3,286,667 |
| PROPERTY AND EQUIPMENT: | ||
| Land | 44,132 | 44,132 |
| Building and improvements | 149,973 | 138,799 |
| Construction equipment | 681,300 | 609,495 |
| Other equipment | 242,776 | 196,870 |
| 1,118,181 | 989,296 | |
| Less accumulated depreciation | (570,186) | (566,308) |
| Total property and equipment, net ($23,246 and $19,876 related to VIEs) | 547,995 | 422,988 |
| GOODWILL | 205,143 | 205,143 |
| INTANGIBLE ASSETS, NET | 63,832 | 66,069 |
| DEFERRED INCOME TAXES | 96,573 | 143,289 |
| OTHER ASSETS | 129,994 | 118,554 |
| TOTAL ASSETS | $5,160,422 | $4,242,710 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES: | ||
| Current maturities of long-term debt | $14,589 | $24,113 |
| Accounts payable ($64,712 and $22,845 related to VIEs) | 724,932 | 631,468 |
| Retention payable ($27,743 and $19,744 related to VIEs) | 265,246 | 240,971 |
| Billings in excess of costs and estimated earnings ($520,455 and $326,561 related to VIEs) | 1,838,610 | 1,216,623 |
| Accrued expenses and other current liabilities ($56,044 and $16,391 related to VIEs) | 396,121 | 219,525 |
| Total current liabilities | 3,239,498 | 2,332,700 |
| LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $17,983 and $21,977 | 392,785 | 510,025 |
| OTHER LONG-TERM LIABILITIES | 265,477 | 241,379 |
| TOTAL LIABILITIES | 3,897,760 | 3,084,104 |
| 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 52,791,451 and 52,485,719 shares | 52,791 | 52,486 |
| Additional paid-in capital | 1,148,634 | 1,146,800 |
| Retained earnings (deficit) | 46,443 | (30,575) |
| Accumulated other comprehensive loss | (29,234) | (33,988) |
| Total stockholders' equity | 1,218,634 | 1,134,723 |
| Noncontrolling interests | 44,028 | 23,883 |
| TOTAL EQUITY | 1,262,662 | 1,158,606 |
| TOTAL LIABILITIES AND EQUITY | $5,160,422 | $4,242,710 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.