XML 49 R18.htm IDEA: XBRL DOCUMENT
v3.20.1

Noncontrolling Interests | 3 Months Ended
--- | ---
Mar. 31, 2020
Noncontrolling Interests |
Noncontrolling Interests | Note 10 — Noncontrolling Interests ​ We own a 50% interest in the Carlsbad joint venture which operates in the Power segment. The joint venture has been determined to be a VIE and we were determined to be the primary beneficiary as a result of our significant influence over the joint venture operations. ​ The joint venture is a partnership, and consequently, only the tax effect of our share of the income was recognized by us. The net assets of the joint venture are restricted for use by the specific project and are not available for our general operations. ​ The Carlsbad joint venture’s operating activities began in 2015 and are included in our Condensed Consolidated Statements of Operations as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, | ​
​ |  | 2020 |  | 2019 |
Revenue | ​ | $ | — | ​ | $ | 4,024 | ​
Net income attributable to noncontrolling interests | ​ | ​ | 3 | ​ | ​ | 989 | ​
​ The Carlsbad joint venture made no distributions to the partners and we made no capital contributions to the Carlsbad joint venture during the three months ended March 31, 2020 and 2019. The project was substantially complete as of December 31, 2018 and the warranty period expires in December 2020. ​ ​ The following table summarizes the total balance sheet amounts for the Carlsbad joint venture, which is included in our Condensed Consolidated Balance Sheets, and the total consolidated balance sheet amounts (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Joint Venture | ​ | Consolidated | ​
At March 31, 2020 |  | Amounts |  | Amounts |
Cash | ​ | $ | 2,026 | ​ | $ | 93,474 | ​
Accounts receivable | ​ | ​ | — | ​ | ​ | 416,412 | ​
Contract assets | ​ | ​ | — | ​ | ​ | 359,370 | ​
Due from Primoris | ​ | ​ | 476 | ​ | ​ | — | ​
Accounts payable | ​ | ​ | — | ​ | ​ | 258,962 | ​
Contract liabilities | ​ | ​ | 434 | ​ | ​ | 176,847 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash | ​ | $ | 2,124 | ​ | $ | 120,286 | ​
Accounts receivable | ​ | ​ | — | ​ | ​ | 404,911 | ​
Contract assets | ​ | ​ | — | ​ | ​ | 344,806 | ​
Accounts payable | ​ | ​ | 38 | ​ | ​ | 235,972 | ​
Contract liabilities | ​ | ​ | 425 | ​ | ​ | 192,397 | ​
​ ​

X
- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
Name: | us-gaap_MinorityInterestDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_NoncontrollingInterestAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration