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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2017
Business Segments [Abstract]  
Reportable Segments



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Reportable Segments

 

 

 

 

 

 



 

 

 

 

Specialty

 

Segment

 

 

 

Consolidated

(in thousands)

Civil

 

Building

 

Contractors

 

Total

 

Corporate

 

Total

Year ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

$

 1,856,164 

 

$

 1,982,857 

 

$

 1,213,708 

 

$

 5,052,729 

 

$

 —

 

$

 5,052,729 

Elimination of intersegment revenue

 

 (253,989)

 

 

 (41,532)

 

 

 —

 

 

 (295,521)

 

 

 —

 

 

 (295,521)

Revenue from external customers

$

 1,602,175 

 

$

 1,941,325 

 

$

 1,213,708 

 

$

 4,757,208 

 

$

 —

 

$

 4,757,208 

Income from construction operations

$

 192,207 

 

$

 34,199 

 

$

 18,938 

 

$

 245,344 

 

$

 (65,867)

(a)

$

 179,477 

Capital expenditures

$

 27,694 

 

$

 267 

 

$

 721 

 

$

 28,682 

 

$

 1,598 

 

$

 30,280 

Depreciation and amortization(b)

$

 33,767 

 

$

 2,021 

 

$

 4,699 

 

$

 40,487 

 

$

 11,443 

 

$

 51,930 

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 



(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)

2017

 

2016

Civil

$

 2,452,108 

 

$

 2,152,123 

Building

 

 909,207 

 

 

 917,317 

Specialty Contractors

 

 767,807 

 

 

 813,851 

Corporate and other(a)

 

 135,001 

 

 

 155,329 

Total assets

$

 4,264,123 

 

$

 4,038,620 

(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)

2017

 

2016

 

2015

Revenue:

 

 

 

 

 

 

 

 

United States

$

 4,613,644 

 

$

 4,802,393 

 

$

 4,694,165 

Foreign and U.S. territories

 

 143,564 

 

 

 170,683 

 

 

 226,307 

Total revenue

$

 4,757,208 

 

$

 4,973,076 

 

$

 4,920,472 







 

 

 

 

 



 

 

 

 

 



As of December 31,

(in thousands)

2017

 

2016

Assets:

 

 

 

 

 

United States

$

 4,093,673 

 

$

 3,911,865 

Foreign and U.S. territories

 

 170,450 

 

 

 126,755 

Total assets

$

 4,264,123 

 

$

 4,038,620 



Reconciliation of Segment Results to Consolidated Income Before Income Taxes



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Year Ended December 31,

(in thousands)

2017

 

2016

 

2015

Income from construction operations

$

 179,477 

 

$

 201,920 

 

$

 105,413 

Other income, net

 

 43,882 

 

 

 6,977 

 

 

 13,569 

Interest expense

 

 (69,384)

 

 

 (59,782)

 

 

 (45,143)

Income before income taxes

$

 153,975 

 

$

 149,115 

 

$

 73,839