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Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2018

Balance sheet amounts for the two joint ventures

The following table summarizes the total balance sheet amounts for the two joint ventures, which are included in our Consolidated Balance Sheets( in thousands):


	Joint Venture		Consolidated
At December 31, 2018	Amounts		Amounts
Cash	$	3,127	$	151,063
Accounts receivable	$	4,451	$	372,695
Contract assets	$	8,158	$	364,245
Accounts payable	$	2,279	$	249,217
Contract liabilities	$	5,946	$	189,539

At December 31, 2017
Cash	$	60,256	$	170,385
Accounts receivable	$	15,941	$	291,589
Accounts payable	$	13,111	$	140,943
Contract liabilities	$	44,223	$	169,377

Carlsbad

Schedule of joint venture operating activities included in the Company's consolidated statements of income

The Carlsbad joint venture operating activities began in 2015 and are included in our Consolidated Statements of Income as follows for the years ended December 31 (in thousands):



	2018		2017		2016
Revenue	$	102,868	$	110,669	$	7,254
Net income attributable to noncontrolling interests		9,483		1,780		325

Schedule of the carrying value of the assets and liabilities included in the Company's consolidated balance sheets

The carrying value of the assets and liabilities associated with the operations of the Carlsbad joint venture are included in our Consolidated Balance Sheets at December 31 as follows (in thousands):


	December 31,		December 31,
	2018		2017
Cash	$	3,117	$	44,308
Accounts receivable	$	4,451	$	15,343
Contract assets	$	8,158	$	—
Accounts payable	$	2,279	$	12,352
Contract liabilities	$	5,946	$	42,743
Due to Primoris	$	1,979	$	—

Wilmington

Schedule of joint venture operating activities included in the Company's consolidated statements of income

The Wilmington joint venture operating activities began in 2015 and are included in our Consolidated Statements of Income as follows for the years ended December 31 (in thousands):


	2018		2017		2016
Revenue	$	2,133	$	31,638	$	19,781
Net income attributable to noncontrolling interests		649		2,716		677

Schedule of the carrying value of the assets and liabilities included in the Company's consolidated balance sheets

The carrying value of the assets and liabilities associated with the operations of the Wilmington joint venture are included in our Consolidated Balance Sheets at December 31 as follows (in thousands):


	December 31,		December 31,
	2018		2017
Cash	$	10	$	15,948
Accounts receivable	$	—	$	598
Accounts payable	$	—	$	759
Contract liabilities	$	—	$	1,480
Due to Primoris	$	—	$	7,428

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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