XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
REVENUE $ 861,027 $ 1,219,243 $ 1,813,181 $ 2,426,838
COST OF OPERATIONS (895,250) (1,091,754) (1,797,059) (2,188,894)
GROSS PROFIT (LOSS) (34,223) 127,489 16,122 237,944
General and administrative expenses (56,331) (58,736) (116,583) (119,487)
INCOME (LOSS) FROM CONSTRUCTION OPERATIONS (90,554) 68,753 (100,461) 118,457
Other income, net 1,020 1,431 4,717 1,606
Interest expense (16,204) (17,938) (32,696) (35,748)
INCOME (LOSS) BEFORE INCOME TAXES (105,738) 52,246 (128,440) 84,315
Income tax (expense) benefit 43,718 (10,635) 47,607 (17,599)
NET INCOME (LOSS) (62,020) 41,611 (80,833) 66,716
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 983 10,446 3,804 19,517
NET INCOME (LOSS) ATTRIBUTABLE TO TUTOR PERINI CORPORATION $ (63,003) $ 31,165 $ (84,637) $ 47,199
BASIC EARNINGS (LOSS) PER COMMON SHARE (in dollars per share) $ (1.23) $ 0.61 $ (1.65) $ 0.93
DILUTED EARNINGS (LOSS) PER COMMON SHARE (in dollars per share) $ (1.23) $ 0.61 $ (1.65) $ 0.92
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING:        
BASIC (in shares) 51,276 50,999 51,192 50,956
DILUTED (in shares) 51,276 51,375 51,192 51,362