Below are the financial statements of Primoris Services, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 455,825a | 217,778a |
| Accounts receivable, net | 834,386a | 685,439a |
| Contract assets | 773,736a | 846,176a |
| Prepaid expenses and other current assets | 95,525a | 135,840a |
| Total current assets | 2,159,472a | 1,885,233a |
| Property and equipment, net | 488,241a | 475,929a |
| Operating lease assets | 461,049a | 360,507a |
| Intangible assets, net | 207,896a | 227,561a |
| Goodwill | 856,869a | 857,650a |
| Other long-term assets | 22,341a | 20,547a |
| Total assets | 4,195,868a | 3,827,427a |
| Current liabilities | — | — |
| Accounts payable | 624,254a | 628,962a |
| Contract liabilities | 617,424a | 366,476a |
| Accrued liabilities | 350,077a | 263,492a |
| Dividends payable | 4,298a | 3,202a |
| Current portion of long-term debt | 74,633a | 72,903a |
| Total current liabilities | 1,670,686a | 1,335,035a |
| Long-term debt, net of current portion | 660,193a | 885,369a |
| Noncurrent operating lease liabilities, net of current portion | 333,370a | 263,454a |
| Deferred tax liabilities | 64,035a | 59,565a |
| Other long-term liabilities | 58,051a | 47,912a |
| Total liabilities | 2,786,335a | 2,591,335a |
| Stockholders’ equity | — | — |
| Common stock | 6a | 6a |
| Additional paid-in capital | 285,811a | 275,846a |
| Retained earnings | 1,127,953a | 961,028a |
| Accumulated other comprehensive income | -4,237a | -788a |
| Total stockholders’ equity | 1,409,533a | 1,236,092a |
| Total liabilities and stockholders’ equity | 4,195,868a | 3,827,427a |
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