XML 34 R56.htm IDEA: XBRL DOCUMENT v2.4.0.8
Separate Financial Information of Subsidiary Guarantors of Indebtedness, Condensed Consolidating Balance Sheet (Details) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2013
Dec. 31, 2012
CONDENSED CONSOLIDATING BALANCE SHEET        
Ownership interest in guarantors (as a percent) 100.00%      
ASSETS        
Cash and Cash Equivalents $ 137,228 $ 119,923 $ 127,902 $ 168,056
Restricted Cash 46,988 42,594    
Accounts Receivable 1,580,594 1,291,246    
Costs and Estimated Earnings in Excess of Billings 720,177 573,248    
Deferred Income Taxes 7,951 8,240    
Other Current Assets 69,318 50,669    
Total current assets 2,562,256 2,085,920    
Long-term Investments   46,283    
Property and Equipment, net 526,981 498,125    
Other Assets:        
Goodwill 585,006 577,756    
Intangible Assets, net 103,329 113,740    
Other 57,948 75,614    
Total assets 3,835,520 3,397,438    
LIABILITIES AND STOCKHOLDERS' EQUITY        
Current Maturities of Long-term Debt 65,407 114,658    
Accounts Payable 863,643 758,225    
Billings in Excess of Costs and Estimated Earnings 327,646 267,586    
Accrued Expenses and Other Current Liabilities 145,336 158,017    
Total current liabilities 1,402,032 1,298,486    
Long-term Debt, less current maturities 880,121 619,226    
Deferred Income Taxes 115,325 114,333    
Other Long-term Liabilities 97,115 117,858    
Stockholders' Equity 1,340,927 1,247,535    
Total liabilities and stockholders' equity 3,835,520 3,397,438    
Eliminations
       
ASSETS        
Cash and Cash Equivalents            
Accounts Receivable (108,602) (90,951)    
Costs and Estimated Earnings in Excess of Billings (11,591) (32,662)    
Deferred Income Taxes (7,626) (7,626)    
Other Current Assets (89,812) (37,632)    
Total current assets (217,631) (168,871)    
Intercompany Notes and Receivables (102,889) (428,190)    
Other Assets:        
Investment in Subsidiaries (2,165,846) (2,181,359)    
Other (5,385) (5,183)    
Total assets (2,491,751) (2,783,603)    
LIABILITIES AND STOCKHOLDERS' EQUITY        
Accounts Payable (92,034) (88,103)    
Billings in Excess of Costs and Estimated Earnings (3,147)      
Accrued Expenses and Other Current Liabilities (88,271) (47,841)    
Total current liabilities (183,452) (135,944)    
Long-term Debt, less current maturities (40,385) (40,183)    
Intercompany Notes and Advances Payable (102,240) (445,910)    
Stockholders' Equity (2,165,674) (2,161,566)    
Total liabilities and stockholders' equity (2,491,751) (2,783,603)    
Tutor Perini Corporation [Member] | Reportable legal entity
       
ASSETS        
Cash and Cash Equivalents 70,445 88,995 80,832 64,663
Restricted Cash 3,369 18,833    
Accounts Receivable 382,369 208,227    
Costs and Estimated Earnings in Excess of Billings 65,139 99,779    
Other Current Assets 74,481 37,605    
Total current assets 595,803 453,439    
Long-term Investments   46,283    
Property and Equipment, net 91,585 77,562    
Other Assets:        
Investment in Subsidiaries 2,146,278 2,181,280    
Other 54,503 70,269    
Total assets 2,888,169 2,828,833    
LIABILITIES AND STOCKHOLDERS' EQUITY        
Current Maturities of Long-term Debt 21,079 50,578    
Accounts Payable 215,966 162,292    
Billings in Excess of Costs and Estimated Earnings 158,148 90,267    
Accrued Expenses and Other Current Liabilities 77,902 58,232    
Total current liabilities 473,095 361,369    
Long-term Debt, less current maturities 805,592 575,356    
Deferred Income Taxes 107,411 107,448    
Other Long-term Liabilities 95,054 114,677    
Intercompany Notes and Advances Payable 66,091 422,448    
Stockholders' Equity 1,340,926 1,247,535    
Total liabilities and stockholders' equity 2,888,169 2,828,833    
Guarantor Subsidiaries [Member] | Reportable legal entity
       
ASSETS        
Cash and Cash Equivalents 58,914 18,031 27,812 74,385
Restricted Cash 7,898 8,040    
Accounts Receivable 1,265,389 1,126,012    
Costs and Estimated Earnings in Excess of Billings 666,477 505,979    
Deferred Income Taxes 15,577 15,866    
Other Current Assets 52,683 26,234    
Total current assets 2,066,938 1,700,162    
Property and Equipment, net 431,029 415,993    
Intercompany Notes and Receivables 102,889 428,190    
Other Assets:        
Goodwill 585,006 577,756    
Intangible Assets, net 103,329 113,740    
Investment in Subsidiaries 19,518 29    
Other 8,830 10,528    
Total assets 3,317,539 3,246,398    
LIABILITIES AND STOCKHOLDERS' EQUITY        
Current Maturities of Long-term Debt 44,328 64,080    
Accounts Payable 735,776 677,997    
Billings in Excess of Costs and Estimated Earnings 172,611 177,285    
Accrued Expenses and Other Current Liabilities 100,698 99,257    
Total current liabilities 1,053,413 1,018,619    
Long-term Debt, less current maturities 114,914 84,053    
Deferred Income Taxes 7,914 6,885    
Other Long-term Liabilities 2,061 3,181    
Stockholders' Equity 2,139,237 2,133,660    
Total liabilities and stockholders' equity 3,317,539 3,246,398    
Non-Guarantor Subsidiaries [Member] | Reportable legal entity
       
ASSETS        
Cash and Cash Equivalents 7,869 12,897 19,258 29,008
Restricted Cash 35,721 15,721    
Accounts Receivable 41,438 47,958    
Costs and Estimated Earnings in Excess of Billings 152 152    
Other Current Assets 31,966 24,462    
Total current assets 117,146 101,190    
Property and Equipment, net 4,367 4,570    
Other Assets:        
Investment in Subsidiaries 50 50    
Total assets 121,563 105,810    
LIABILITIES AND STOCKHOLDERS' EQUITY        
Accounts Payable 3,935 6,039    
Billings in Excess of Costs and Estimated Earnings 34 34    
Accrued Expenses and Other Current Liabilities 55,007 48,369    
Total current liabilities 58,976 54,442    
Intercompany Notes and Advances Payable 36,149 23,462    
Stockholders' Equity 26,438 27,906    
Total liabilities and stockholders' equity $ 121,563 $ 105,810    
Senior unsecured notes [Member]
       
CONDENSED CONSOLIDATING BALANCE SHEET        
Interest rate (as a percent) 7.625%