Primoris Services Corporation (PRIM) FY2026 YTD Q2 Statement of Cash Flows
2026-01-01 to 2026-06-30
Statement of Cash Flows
2026-01-01 to 2026-06-30
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Chart details
Primoris Services Corporation cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026
Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2025
- 541,300,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- negative 131,300,000 US dollars. Net cash used.
- Depreciation and amortization
- 54,400,000 US dollars
- Stock-based compensation expense
- 10,900,000 US dollars
- Other non-cash items
- 1,000,000 US dollars
- Gain on sale of property and equipment
- negative 9,000,000 US dollars
- Accounts receivable
- negative 20,000,000 US dollars
- Other current assets
- negative 36,700,000 US dollars
- Accounts payable
- negative 102,500,000 US dollars
- Accrued liabilities
- negative 27,100,000 US dollars
- Other long-term assets
- negative 1,200,000 US dollars
- Contract assets
- 24,200,000 US dollars
- Contract liabilities
- negative 23,700,000 US dollars
- Operating lease assets and liabilities, net
- negative 2,300,000 US dollars
- Net (loss) income
- negative 6,700,000 US dollars
- Other long-term liabilities
- 7,400,000 US dollars
- Investing activities
- negative 431,200,000 US dollars. Net cash used.
- Cash paid for acquisitions, net of cash acquired
- negative 401,400,000 US dollars
- Purchase of property and equipment
- negative 50,300,000 US dollars
- Proceeds from sale of assets
- 12,500,000 US dollars
- Proceeds from repayment of note receivable
- 8,000,000 US dollars
- Financing activities
- 244,600,000 US dollars. Net cash provided.
- Proceeds from issuance of debt
- 411,800,000 US dollars
- Borrowings under revolving line of credit
- 160,000,000 US dollars
- Payments on revolving line of credit
- negative 160,000,000 US dollars
- Payments on long-term debt
- negative 21,000,000 US dollars
- Payments on pledged accounts receivable under securitization facility
- negative 62,500,000 US dollars
- Proceeds from pledge of accounts receivable under securitization facility
- 0 US dollars
- Stock purchases
- negative 50,000,000 US dollars
- Payments related to tax withholding for stock-based compensation
- negative 19,800,000 US dollars
- Dividends paid
- negative 8,700,000 US dollars
- Other
- negative 5,200,000 US dollars
- Operating adjustment reconciliation
- 229,200,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 571,800,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 451,700,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 500,000 US dollars
- Ending cash on Jun 30, 2026
- 223,900,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 786,400,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 317,400,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
- Operating cash flow
- negative 131,300,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 50,300,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- negative 181,600,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net loss −$6.70M − net operating adjustments $124.60M = operating cash −$131.30M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 131,300,000 US dollars minus 50,300,000 US dollars equals negative 181,600,000 US dollars.
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