XML 21 R50.htm IDEA: XBRL DOCUMENT v2.4.0.6
Separate Financial Information of Subsidiary Guarantors of Indebtedness, Condensed Consolidating Statement of Operations and Comprehensive Income (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME [Abstract]        
Revenues $ 985,346 $ 819,858 $ 1,897,880 $ 1,435,147
Cost of Operations 898,285 732,648 1,724,660 1,285,474
Gross Profit 87,061 87,210 173,220 149,673
General and Administrative Expenses 64,661 50,175 133,857 94,125
Goodwill and Intangible Asset Impairment 376,574 0 376,574 0
Income from Construction Operations (354,174) 37,035 (337,211) 55,548
Equity in earnings of subsidiaries 0 0 0 0
Other Income (Expense), net 1,082 1,232 (1,226) 785
Interest Expense (10,603) (7,252) (21,685) (14,407)
(Loss) Income before Income Taxes (363,695) 31,015 (360,122) 41,926
(Provision) Credit for Income Taxes 15,272 (11,321) 10,496 (15,303)
NET (LOSS) INCOME (348,423) 19,694 (349,626) 26,623
Other Comprehensive Income:        
Other Comprehensive Income of Subsidiaries 0 0 0 0
Foreign currency translation (266) 45 57 89
Change in fair value of investments 5 0 207 0
Change in fair value of interest rate swap (334) 0 (1,019) 0
Realized loss on sale of investments recorded in Net (Loss) Income 0 0 2,005 0
Total Other Comprehensive Income (595) 45 1,250 89
Total Comprehensive Income (349,018) 19,739 (348,376) 26,712
Tutor Perini Corporation [Member]
       
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME [Abstract]        
Revenues 94,440 67,629 163,565 152,987
Cost of Operations 83,035 57,737 145,729 128,653
Gross Profit 11,405 9,892 17,836 24,334
General and Administrative Expenses 16,830 15,247 35,739 30,564
Goodwill and Intangible Asset Impairment 0   0  
Income from Construction Operations (5,425) (5,355) (17,903) (6,230)
Equity in earnings of subsidiaries (339,844) 27,297 (322,312) 38,343
Other Income (Expense), net 535 77 (1,529) 1,103
Interest Expense (9,613) (6,693) (19,684) (13,329)
(Loss) Income before Income Taxes (354,347) 15,326 (361,428) 19,887
(Provision) Credit for Income Taxes 5,924 4,368 11,802 6,736
NET (LOSS) INCOME (348,423) 19,694 (349,626) 26,623
Other Comprehensive Income:        
Other Comprehensive Income of Subsidiaries (261) 45 264 89
Foreign currency translation 0 0 0 0
Change in fair value of investments 0   0  
Change in fair value of interest rate swap (334)   (1,019)  
Realized loss on sale of investments recorded in Net (Loss) Income 0   2,005  
Total Other Comprehensive Income (595) 45 1,250 89
Total Comprehensive Income (349,018) 19,739 (348,376) 26,712
Guarantor Subsidiaries [Member]
       
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME [Abstract]        
Revenues 906,260 763,017 1,767,955 1,309,511
Cost of Operations 834,481 691,348 1,620,375 1,192,048
Gross Profit 71,779 71,669 147,580 117,463
General and Administrative Expenses 47,330 33,540 97,048 61,782
Goodwill and Intangible Asset Impairment 376,574   376,574  
Income from Construction Operations (352,125) 38,129 (326,042) 55,681
Equity in earnings of subsidiaries 0 0 0 0
Other Income (Expense), net 331 1,106 (145) (380)
Interest Expense (990) (521) (2,001) (1,040)
(Loss) Income before Income Taxes (352,784) 38,714 (328,188) 54,261
(Provision) Credit for Income Taxes 10,828 (14,130) 1,531 (19,805)
NET (LOSS) INCOME (341,956) 24,584 (326,657) 34,456
Other Comprehensive Income:        
Other Comprehensive Income of Subsidiaries 0 0 0 0
Foreign currency translation (266) 45 57 89
Change in fair value of investments 5   207  
Change in fair value of interest rate swap 0   0  
Realized loss on sale of investments recorded in Net (Loss) Income 0   0  
Total Other Comprehensive Income (261) 45 264 89
Total Comprehensive Income (342,217) 24,629 (326,393) 34,545
Non-Guarantor Subsidiaries [Member]
       
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME [Abstract]        
Revenues 0 13,526 0 13,526
Cost of Operations (3,877) 7,877 (7,804) 5,650
Gross Profit 3,877 5,649 7,804 7,876
General and Administrative Expenses 501 1,388 1,070 1,779
Goodwill and Intangible Asset Impairment 0   0  
Income from Construction Operations 3,376 4,261 6,734 6,097
Equity in earnings of subsidiaries 0 0 0 0
Other Income (Expense), net 216 49 448 62
Interest Expense 0 (38) 0 (38)
(Loss) Income before Income Taxes 3,592 4,272 7,182 6,121
(Provision) Credit for Income Taxes (1,480) (1,559) (2,837) (2,234)
NET (LOSS) INCOME 2,112 2,713 4,345 3,887
Other Comprehensive Income:        
Other Comprehensive Income of Subsidiaries 0 0 0 0
Foreign currency translation 0 0 0 0
Change in fair value of investments 0   0  
Change in fair value of interest rate swap 0   0  
Realized loss on sale of investments recorded in Net (Loss) Income 0   0  
Total Other Comprehensive Income 0 0 0 0
Total Comprehensive Income 2,112 2,713 4,345 3,887
Eliminations [Member]
       
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME [Abstract]        
Revenues (15,354) (24,314) (33,640) (40,877)
Cost of Operations (15,354) (24,314) (33,640) (40,877)
Gross Profit 0 0 0 0
General and Administrative Expenses 0 0 0 0
Goodwill and Intangible Asset Impairment 0   0  
Income from Construction Operations 0 0 0 0
Equity in earnings of subsidiaries 339,844 (27,297) 322,312 (38,343)
Other Income (Expense), net 0 0 0 0
Interest Expense 0 0 0 0
(Loss) Income before Income Taxes 339,844 (27,297) 322,312 (38,343)
(Provision) Credit for Income Taxes 0 0 0 0
NET (LOSS) INCOME 339,844 (27,297) 322,312 (38,343)
Other Comprehensive Income:        
Other Comprehensive Income of Subsidiaries 261 (45) (264) (89)
Foreign currency translation 0 0 0 0
Change in fair value of investments 0   0  
Change in fair value of interest rate swap 0   0  
Realized loss on sale of investments recorded in Net (Loss) Income 0   0  
Total Other Comprehensive Income 261 (45) (264) (89)
Total Comprehensive Income $ 340,105 $ (27,342) $ 322,048 $ (38,432)