XML 62 R52.htm IDEA: XBRL DOCUMENT v2.4.0.8
Separate Financial Information of Subsidiary Guarantors of Indebtedness, Condensed Consolidating Balance Sheet (Details) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2012
Dec. 31, 2011
CONDENSED CONSOLIDATING BALANCE SHEET        
Ownership interest in guarantors (as a percent) 100.00%      
ASSETS        
Cash and Cash Equivalents $ 127,902 $ 168,056 $ 180,777 $ 204,240
Restricted Cash 47,466 38,717    
Accounts Receivable 1,397,857 1,224,613    
Costs and Estimated Earnings in Excess of Billings 538,421 465,002    
Deferred Income Taxes 9,631 10,071    
Other Current Assets 48,360 75,388    
Total current assets 2,169,637 1,981,847    
Long-term Investments 46,283 46,283    
Property and Equipment, net 493,326 485,095    
Other Assets        
Goodwill 571,932 570,646    
Intangible Assets, net 117,010 126,821    
Other 80,759 85,718    
Total assets 3,478,947 3,296,410    
LIABILITIES AND STOCKHOLDERS' EQUITY        
Current Maturities of Long-term Debt 107,821 67,710    
Accounts Payable 797,129 696,473    
Billings in Excess of Costs and Estimated Earnings 282,261 301,761    
Accrued Expenses and Other Current Liabilities 161,649 168,326    
Total current liabilities 1,348,860 1,234,270    
Long-term Debt, less current maturities 669,710 669,380    
Deferred Income Taxes 109,922 109,900    
Other Long-term Liabilities 146,484 138,996    
Contingencies and commitments          
Stockholders' Equity 1,203,971 1,143,864    
Total liabilities and stockholders' equity 3,478,947 3,296,410    
Eliminations
       
ASSETS        
Accounts Receivable (77,574) (75,429)    
Costs and Estimated Earnings in Excess of Billings (27,663) (24,103)    
Deferred Income Taxes (6,085) (5,752)    
Other Current Assets (61,675) (3,957)    
Total current assets (172,997) (109,241)    
Intercompany Notes and Receivables (421,440) (493,277)    
Other Assets        
Investment in Subsidiaries (2,139,113) (2,122,300)    
Other (5,115) (39,913)    
Total assets (2,738,665) (2,764,731)    
LIABILITIES AND STOCKHOLDERS' EQUITY        
Accounts Payable (92,452) (99,532)    
Accrued Expenses and Other Current Liabilities (47,857) (9,709)    
Total current liabilities (140,309) (109,241)    
Long-term Debt, less current maturities (40,115) (39,913)    
Intercompany Notes and Advances Payable (413,993) (493,277)    
Stockholders' Equity (2,144,248) (2,122,300)    
Total liabilities and stockholders' equity (2,738,665) (2,764,731)    
Tutor Perini Corporation | Reportable legal entity
       
ASSETS        
Cash and Cash Equivalents 80,832 64,663 93,938 134,936
Restricted Cash 23,456 30,236    
Accounts Receivable 256,731 177,856    
Costs and Estimated Earnings in Excess of Billings 78,163 111,821    
Other Current Assets 68,615 26,461    
Total current assets 507,797 411,037    
Long-term Investments 46,283 46,283    
Property and Equipment, net 80,267 64,248    
Other Assets        
Investment in Subsidiaries 2,139,063 2,122,116    
Other 75,217 81,198    
Total assets 2,848,627 2,724,882    
LIABILITIES AND STOCKHOLDERS' EQUITY        
Current Maturities of Long-term Debt 44,250 42,589    
Accounts Payable 157,901 97,834    
Billings in Excess of Costs and Estimated Earnings 112,295 95,657    
Accrued Expenses and Other Current Liabilities 66,186 30,545    
Total current liabilities 380,632 266,625    
Long-term Debt, less current maturities 629,527 603,371    
Deferred Income Taxes 102,139 102,138    
Other Long-term Liabilities 142,449 134,874    
Intercompany Notes and Advances Payable 389,909 474,010    
Stockholders' Equity 1,203,971 1,143,864    
Total liabilities and stockholders' equity 2,848,627 2,724,882    
Guarantor Subsidiaries | Reportable legal entity
       
ASSETS        
Cash and Cash Equivalents 27,812 74,385 50,304 52,492
Restricted Cash 8,295 8,481    
Accounts Receivable 1,174,201 1,121,098    
Costs and Estimated Earnings in Excess of Billings 487,769 377,132    
Deferred Income Taxes 15,716 15,823    
Other Current Assets 21,153 49,993    
Total current assets 1,734,946 1,646,912    
Property and Equipment, net 408,421 416,006    
Intercompany Notes and Receivables 421,440 493,277    
Other Assets        
Goodwill 571,932 570,646    
Intangible Assets, net 117,010 126,821    
Investment in Subsidiaries   134    
Other 10,657 9,058    
Total assets 3,264,406 3,262,854    
LIABILITIES AND STOCKHOLDERS' EQUITY        
Current Maturities of Long-term Debt 63,571 25,121    
Accounts Payable 721,670 698,015    
Billings in Excess of Costs and Estimated Earnings 169,932 206,070    
Accrued Expenses and Other Current Liabilities 96,060 108,589    
Total current liabilities 1,051,233 1,037,795    
Long-term Debt, less current maturities 80,298 105,922    
Deferred Income Taxes 7,783 7,762    
Other Long-term Liabilities 4,035 4,122    
Stockholders' Equity 2,121,057 2,107,253    
Total liabilities and stockholders' equity 3,264,406 3,262,854    
Non-Guarantor Subsidiaries | Reportable legal entity
       
ASSETS        
Cash and Cash Equivalents 19,258 29,008 36,535 16,812
Restricted Cash 15,715      
Accounts Receivable 44,499 1,088    
Costs and Estimated Earnings in Excess of Billings 152 152    
Other Current Assets 20,267 2,891    
Total current assets 99,891 33,139    
Property and Equipment, net 4,638 4,841    
Other Assets        
Investment in Subsidiaries 50 50    
Other   35,375    
Total assets 104,579 73,405    
LIABILITIES AND STOCKHOLDERS' EQUITY        
Accounts Payable 10,010 156    
Billings in Excess of Costs and Estimated Earnings 34 34    
Accrued Expenses and Other Current Liabilities 47,260 38,901    
Total current liabilities 57,304 39,091    
Intercompany Notes and Advances Payable 24,084 19,267    
Stockholders' Equity 23,191 15,047    
Total liabilities and stockholders' equity $ 104,579 $ 73,405    
7.625% Senior Notes due 2018
       
CONDENSED CONSOLIDATING BALANCE SHEET        
Interest rate (as a percent) 7.625%