Primoris Services Corporation (PRIM)

Primoris Services Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	390.25	455.83	217.78	248.69	200.51	326.74
Trading Asset Securities	-	0.07	-	1.24	-	-
Cash & Short-Term Investments	390.25	455.89	217.78	249.93	200.51	326.74
Cash Growth	86.52%	109.34%	-12.86%	24.64%	-38.63%	171.64%
Accounts Receivable	1,886	1,559	1,492	1,258	880.41	740.51
Receivables	1,886	1,559	1,492	1,258	880.41	740.51
Prepaid Expenses	121.7	89.85	130.08	164.82	81.13	25.99
Restricted Cash	5.94	5.6	5.76	10.3	5.13	4.23
Other Current Assets	55.23	49.06	39.65	21.56	14.9	17.8
Total Current Assets	2,459	2,159	1,885	1,704	1,182	1,115
Property, Plant & Equipment	1,001	949.29	836.44	696.66	591.89	563.51
Long-Term Investments	-	-	1.63	-	-	-
Goodwill	856.87	856.87	857.65	871.81	581.66	215.1
Other Intangible Assets	198.66	207.9	227.56	249.38	171.32	61.01
Long-Term Deferred Tax Assets	-	-	-	-	1.31	1.91
Other Long-Term Assets	20.41	22.34	18.91	21.79	15.06	12.78
Total Assets	4,536	4,196	3,827	3,544	2,543	1,970
Accounts Payable	826.3	624.25	628.96	534.96	273.46	245.91
Accrued Expenses	210.85	174.59	152.88	157.06	105.27	113.86
Current Portion of Long-Term Debt	78.08	74.63	72.9	78.14	67.23	47.72
Current Portion of Leases	137.59	122.02	96.41	72.57	61.59	73.03
Current Income Taxes Payable	88.38	53.47	14.2	16.21	7.97	13.78
Current Unearned Revenue	671.4	614.33	363.16	269.85	234.35	252.78
Other Current Liabilities	7.17	7.39	6.52	9.28	9.25	17.33
Total Current Liabilities	2,020	1,671	1,335	1,138	759.12	764.42
Long-Term Debt	524.98	660.19	885.37	1,065	598.58	278.04
Long-Term Leases	330.83	333.37	263.45	130.79	98.06	137.91
Long-Term Deferred Tax Liabilities	64.76	64.04	59.57	57.1	38.51	13.55
Other Long-Term Liabilities	61.14	58.05	47.91	43.92	59.01	60.87
Total Liabilities	3,001	2,786	2,591	2,435	1,553	1,255
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	287.43	285.81	275.85	263.77	261.92	89.1
Retained Earnings	1,248	1,128	961.03	847.68	727.43	624.69
Comprehensive Income & Other	-0.74	-4.24	-0.79	-2.62	0.7	0.96
Total Common Equity	1,535	1,410	1,236	1,109	990.06	714.76
Minority Interest	-	-	-	-	-	0.04
Shareholders' Equity	1,535	1,410	1,236	1,109	990.06	714.79
Total Liabilities & Equity	4,536	4,196	3,827	3,544	2,543	1,970
Total Debt	1,071	1,190	1,318	1,347	825.45	536.71
Net Cash (Debt)	-681.23	-734.33	-1,100	-1,097	-624.94	-209.96
Net Cash Per Share	-12.46	-13.46	-20.29	-20.40	-11.76	-4.32
Filing Date Shares Outstanding	54.01	53.75	53.44	53.14	53.22	49.15
Total Common Shares Outstanding	54.01	53.74	53.37	53.12	53.19	48.11
Working Capital	439.27	488.79	550.2	566.32	422.97	350.85
Book Value Per Share	28.41	26.23	23.16	20.87	18.61	14.86
Tangible Book Value	479.03	344.77	150.88	-12.35	237.07	438.64
Tangible Book Value Per Share	8.87	6.42	2.83	-0.23	4.46	9.12
Land	-	193.88	168.79	154.6	144.72	147.98
Machinery	-	625.81	714.86	764.63	695.89	591.58
Construction In Progress	-	74.64	38.67	26.15	22.37	17.81
Leasehold Improvements	-	19.6	22.86	21.35	19.56	16.02
Order Backlog	-	11,865	10,895	-	-	2,777

Updated Aug 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q