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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2016
Business Segments [Abstract]  
Reportable Segments



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Reportable Segments

 

 

 

 

 

 



 

 

 

 

Specialty

 

Segment

 

 

 

Consolidated

(in thousands)

Civil

 

Building

 

Contractors

 

Total

 

Corporate

 

Total

Year ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

$

 1,830,857 

 

$

 2,146,747 

 

$

 1,234,272 

 

$

 5,211,876 

 

$

 —

 

$

 5,211,876 

Elimination of intersegment revenue

 

 (161,894)

 

 

 (76,906)

 

 

 —

 

 

 (238,800)

 

 

 —

 

 

 (238,800)

Revenue from external customers

$

 1,668,963 

 

$

 2,069,841 

 

$

 1,234,272 

 

$

 4,973,076 

 

$

 —

 

$

 4,973,076 

Income from construction operations

$

 172,668 

 

$

 51,564 

 

$

 37,908 

 

$

 262,140 

 

$

 (60,220)

(a)

$

 201,920 

Capital expenditures

$

 13,541 

 

$

 516 

 

$

 1,005 

 

$

 15,062 

 

$

 681 

 

$

 15,743 

Depreciation and amortization (b)

$

 48,561 

 

$

 2,186 

 

$

 5,035 

 

$

 55,782 

 

$

 11,520 

 

$

 67,302 

Year ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Revenue

$

 2,005,193 

 

$

 1,900,492 

 

$

 1,228,030 

 

$

 5,133,715 

 

$

 —

 

$

 5,133,715 

Elimination of intersegment revenue

 

 (115,286)

 

 

 (97,957)

 

 

 —

 

 

 (213,243)

 

 

 —

 

 

 (213,243)

Revenue from external customers

$

 1,889,907 

 

$

 1,802,535 

 

$

 1,228,030 

 

$

 4,920,472 

 

$

 —

 

$

 4,920,472 

Income from construction operations

$

 145,213 

 

$

 (1,240)

 

$

 15,682 

 

$

 159,655 

 

$

 (54,242)

(a)

$

 105,413 

Capital expenditures

$

 8,383 

 

$

 2,877 

 

$

 1,193 

 

$

 12,453 

 

$

 23,459 

 

$

 35,912 

Depreciation and amortization (b)

$

 22,601 

 

$

 2,728 

 

$

 5,507 

 

$

 30,836 

 

$

 10,798 

 

$

 41,634 

Year ended December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Revenue

$

 1,730,468 

 

$

 1,558,431 

 

$

 1,301,328 

 

$

 4,590,227 

 

$

 —

 

$

 4,590,227 

Elimination of intersegment revenue

 

 (43,324)

 

 

 (54,594)

 

 

 —

 

 

 (97,918)

 

 

 —

 

 

 (97,918)

Revenue from external customers

$

 1,687,144 

 

$

 1,503,837 

 

$

 1,301,328 

 

$

 4,492,309 

 

$

 —

 

$

 4,492,309 

Income from construction operations

$

 220,554 

 

$

 24,697 

 

$

 50,998 

 

$

 296,249 

 

$

 (54,559)

(a)

$

 241,690 

Capital expenditures

$

 65,377 

 

$

 735 

 

$

 6,974 

 

$

 73,086 

 

$

 1,927 

 

$

 75,013 

Depreciation and amortization (b)

$

 31,674 

 

$

 3,466 

 

$

 12,018 

 

$

 47,158 

 

$

 6,544 

 

$

 53,702 

(a)

Consists primarily of corporate general and administrative expenses.

(b)

Depreciation and amortization is included in income from construction operations.
Total Assets for Reportable Segments



 

 

 

 

 



 

 

 

 

 



As of December 31,

(in thousands)

2016

 

2015

Civil

$

 2,152,123 

 

$

 1,957,991 

Building

 

 917,317 

 

 

 711,201 

Specialty Contractors

 

 813,851 

 

 

 808,598 

Corporate and other (a)

 

 155,329 

 

 

 383,510 

Total Assets

$

 4,038,620 

 

$

 3,861,300 

(a)

Consists principally of cash, equipment, tax-related assets and insurance-related assets, offset by the elimination of assets related to intersegment revenue.
Principal Geographical Areas





 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Year Ended December 31,

(in thousands)

2016

 

2015

 

2014

Revenue:

 

 

 

 

 

 

 

 

United States

$

 4,802,393 

 

$

 4,694,165 

 

$

 4,323,471 

Foreign and U.S. territories

 

 170,683 

 

 

 226,307 

 

 

 168,838 

Total

$

 4,973,076 

 

$

 4,920,472 

 

$

 4,492,309 







 

 

 

 

 



 

 

 

 

 



As of December 31,

(in thousands)

2016

 

2015

Assets:

 

 

 

 

 

United States

$

 3,911,865 

 

$

 3,687,973 

Foreign and U.S. territories

 

 126,755 

 

 

 173,327 

Total Assets

$

 4,038,620 

 

$

 3,861,300 



Reconciliation of Segment Results to Consolidated Income Before Income Taxes



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Year Ended December 31,

(in thousands)

2016

 

2015

 

2014

Income from construction operations

$

 201,920 

 

$

 105,413 

 

$

 241,690 

Other income (expense), net

 

 6,977 

 

 

 13,569 

 

 

 (8,217)

Interest expense

 

 (59,782)

 

 

 (45,143)

 

 

 (46,035)

Income before income taxes

$

 149,115 

 

$

 73,839 

 

$

 187,438