XML 65 R52.htm IDEA: XBRL DOCUMENT v3.5.0.2
Separate Financial Information of Subsidiary Guarantors of Indebtedness (Condensed Consolidating Statement of Cash Flows) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:        
Net income (loss) $ 21,361 $ 11,777 $ 36,760 $ 16,903
Adjustments to reconcile net income to net cash from operating activities:        
Depreciation and amortization     29,956 20,389
Stock-based compensation expense     6,959 13,324
Excess income tax benefit from stock-based compensation       (162)
Change in debt discount and deferred debt issuance costs     3,348 1,045
Deferred income taxes     (371) (177)
Loss (gain) on sale of property and equipment     204 (313)
Other long-term liabilities     (3,811) 42
Other non-cash items     1,200 (3,259)
Changes in other components of working capital     (69,669) (79,550)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES     4,576 (31,758)
Cash Flows from Investing Activities:        
Acquisition of property and equipment excluding financed purchases     (8,681) (29,544)
Proceeds from sale of property and equipment     1,092 1,122
Change in restricted cash     (3,599) 4,877
NET CASH USED IN INVESTING ACTIVITIES     (11,188) (23,545)
Cash Flows from Financing Activities:        
Proceeds from issuance of convertible notes     200,000
Proceeds from debt     711,092 473,490
Repayment of debt     (871,654) (446,239)
Excess income tax benefit from stock-based compensation       162
Issuance of common stock and effect of cashless exercise       (776)
Debt issuance costs     (14,656)  
NET CASH PROVIDED BY FINANCING ACTIVITIES     24,782 26,637
Net increase (decrease) in cash and cash equivalents     18,170 (28,666)
Cash and cash equivalents at beginning of year     75,452 135,583
Cash and cash equivalents at end of period 93,622 106,917 93,622 106,917
Eliminations [Member]        
Cash Flows from Operating Activities:        
Net income (loss) (20,343) (6,586) (43,422) (18,526)
Adjustments to reconcile net income to net cash from operating activities:        
Equity in earnings of subsidiaries 20,343 6,586 43,422 18,526
Cash Flows from Investing Activities:        
Increase (decrease) in intercompany advances     (71,487) 101,660
NET CASH USED IN INVESTING ACTIVITIES     (71,487) 101,660
Cash Flows from Financing Activities:        
Increase (decrease) in intercompany advances     71,487 (101,660)
NET CASH PROVIDED BY FINANCING ACTIVITIES     71,487 (101,660)
Tutor Perini Corporation [Member]        
Cash Flows from Operating Activities:        
Net income (loss) 21,361 11,777 36,760 16,903
Adjustments to reconcile net income to net cash from operating activities:        
Depreciation and amortization     12,244 4,919
Equity in earnings of subsidiaries (20,343) (6,586) (43,422) (18,526)
Stock-based compensation expense     6,959 13,324
Excess income tax benefit from stock-based compensation       (162)
Change in debt discount and deferred debt issuance costs     3,348 1,045
Deferred income taxes     (261) (177)
Loss (gain) on sale of property and equipment     138 29
Other long-term liabilities     (2,600) (56)
Other non-cash items     (240) 1,881
Changes in other components of working capital     24,144 (159,846)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES     37,070 (140,666)
Cash Flows from Investing Activities:        
Acquisition of property and equipment excluding financed purchases     (1,410)  
Proceeds from sale of property and equipment     164 (21,505)
Change in restricted cash     108  
NET CASH USED IN INVESTING ACTIVITIES     (1,138) (21,505)
Cash Flows from Financing Activities:        
Proceeds from issuance of convertible notes     200,000  
Proceeds from debt     705,708 473,362
Repayment of debt     (846,019) (427,107)
Excess income tax benefit from stock-based compensation       162
Issuance of common stock and effect of cashless exercise       (776)
Debt issuance costs     (14,656)  
Increase (decrease) in intercompany advances     (71,417) 104,573
NET CASH PROVIDED BY FINANCING ACTIVITIES     (26,384) 150,214
Net increase (decrease) in cash and cash equivalents     9,548 (11,957)
Cash and cash equivalents at beginning of year     47,196 75,087
Cash and cash equivalents at end of period 56,744 63,130 56,744 63,130
Guarantor Subsidiaries [Member]        
Cash Flows from Operating Activities:        
Net income (loss) 20,109 5,209 39,228 14,691
Adjustments to reconcile net income to net cash from operating activities:        
Depreciation and amortization     17,571 15,333
Deferred income taxes     (110)  
Loss (gain) on sale of property and equipment     66 (342)
Other long-term liabilities     (966) 98
Other non-cash items     1,440 (5,140)
Changes in other components of working capital     (92,711) 96,590
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES     (35,482) 121,230
Cash Flows from Investing Activities:        
Acquisition of property and equipment excluding financed purchases     (7,271) (29,516)
Proceeds from sale of property and equipment     928 22,627
Increase (decrease) in intercompany advances     71,487 (101,660)
Change in restricted cash     325 339
NET CASH USED IN INVESTING ACTIVITIES     65,469 (108,210)
Cash Flows from Financing Activities:        
Proceeds from debt     5,384 128
Repayment of debt     (25,635) (19,132)
NET CASH PROVIDED BY FINANCING ACTIVITIES     (20,251) (19,004)
Net increase (decrease) in cash and cash equivalents     9,736 (5,984)
Cash and cash equivalents at beginning of year     26,892 36,764
Cash and cash equivalents at end of period 36,628 30,780 36,628 30,780
Non-Guarantor Subsidiaries [Member]        
Cash Flows from Operating Activities:        
Net income (loss) 234 1,377 4,194 3,835
Adjustments to reconcile net income to net cash from operating activities:        
Depreciation and amortization     141 137
Other long-term liabilities     (245)  
Changes in other components of working capital     (1,102) (16,294)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES     2,988 (12,322)
Cash Flows from Investing Activities:        
Acquisition of property and equipment excluding financed purchases       (28)
Change in restricted cash     (4,032) 4,538
NET CASH USED IN INVESTING ACTIVITIES     (4,032) 4,510
Cash Flows from Financing Activities:        
Increase (decrease) in intercompany advances     (70) (2,913)
NET CASH PROVIDED BY FINANCING ACTIVITIES     (70) (2,913)
Net increase (decrease) in cash and cash equivalents     (1,114) (10,725)
Cash and cash equivalents at beginning of year     1,364 23,732
Cash and cash equivalents at end of period $ 250 $ 13,007 $ 250 $ 13,007