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Business Segments (Tables)
 3 Months Ended
Mar. 31, 2018
Business Segments [Abstract]  
Reportable Segments



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Reportable Segments

 

 

 

 

 

 



 

 

 

 

 

 

Specialty

 

 

 

 

 

 

 

Consolidated

(in thousands)

Civil

 

 

Building

 

Contractors

 

Total

 

Corporate

 

Total

Three Months Ended March 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

$

 325,400 

 

$

 490,617 

 

$

 274,801 

 

$

 1,090,818 

 

$

 —

 

$

 1,090,818 

Elimination of intersegment revenue

 

 (62,286)

 

 

 (376)

 

 

 —

 

 

 (62,662)

 

 

 —

 

 

 (62,662)

Revenue from external customers

$

 263,114 

 

$

 490,241 

 

$

 274,801 

 

$

 1,028,156 

 

$

 —

 

$

 1,028,156 

Income (loss) from construction operations

$

 2,839 

 

$

 6,425 

 

$

 7,235 

 

$

 16,499 

 

$

 (17,424)

(a)

$

 (925)

Capital expenditures

$

 19,196 

 

$

 278 

 

$

 419 

 

$

 19,893 

 

$

 77 

 

$

 19,970 

Depreciation and amortization(b)

$

 5,756 

 

$

 481 

 

$

 1,112 

 

$

 7,349 

 

$

 2,838 

 

$

 10,187 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

$

 338,108 

 

$

 515,251 

 

$

 315,696 

 

$

 1,169,055 

 

$

 —

 

$

 1,169,055 

Elimination of intersegment revenue

 

 (33,533)

 

 

 (18,161)

 

 

 —

 

 

 (51,694)

 

 

 —

 

 

 (51,694)

Revenue from external customers

$

 304,575 

 

$

 497,090 

 

$

 315,696 

 

$

 1,117,361 

 

$

 —

 

$

 1,117,361 

Income from construction operations

$

 31,888 

 

$

 5,242 

 

$

 14,762 

 

$

 51,892 

 

$

 (14,875)

(a)

$

 37,017 

Capital expenditures

$

 5,567 

 

$

 45 

 

$

 6 

 

$

 5,618 

 

$

 54 

 

$

 5,672 

Depreciation and amortization(b)

$

 16,318 

 

$

 518 

 

$

 1,192 

 

$

 18,028 

 

$

 2,968 

 

$

 20,996 

(a)

Consists primarily of corporate general and administrative expenses.

(b)

Depreciation and amortization is included in income from construction operations.

Reconciliation of Segment Results to Consolidated Income Before Income Taxes



 

 

 

 

 



 

 

 

 

 



Three Months Ended March 31,

(in thousands)

2018

 

2017

Income (Loss) from construction operations

$

 (925)

 

$

 37,017 

Other income, net

 

 780 

 

 

 417 

Interest expense

 

 (15,065)

 

 

 (15,564)

Income (Loss) before income taxes

$

 (15,210)

 

$

 21,870 



Schedule of Assets by Segment



 

 

 

 

 



 

 

 

 

 



As of

 

As of

(in thousands)

March 31, 2018

 

December 31, 2017

Civil

$

 2,404,703 

 

$

 2,452,108 

Building

 

 926,789 

 

 

 909,207 

Specialty Contractors

 

 763,933 

 

 

 767,807 

Corporate and other(a)

 

 212,704 

 

 

 135,001 

Total assets

$

 4,308,129 

 

$

 4,264,123 

(a)

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