XML 59 R51.htm IDEA: XBRL DOCUMENT v2.4.0.6
Separate Financial Information of Subsidiary Guarantors of Indebtedness, Condensed Consolidating Statement of Cash Flows (Details) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows from Operating Activities:    
Net (loss) income $ (349,626) $ 26,623
Adjustments to reconcile net income to net cash from operating activities:    
Goodwill and intangible asset impairment 376,574 0
Depreciation and amortization 32,106 16,985
Equity in earnings of subsidiaries 0 0
Stock-based compensation expense 5,074 7,085
Excess income tax benefit from stock-based compensation 0 (18)
Deferred income taxes (42,421) (1,275)
Gain (loss) on sale of equipment 530 146
Loss on sale of investments 2,699 0
Other long-term liabilities (4,006) (4,419)
Other non-cash items 517 (1,399)
Changes in other components of working capital (53,314) (132,200)
NET CASH USED IN OPERATING ACTIVITIES (31,867) (88,472)
Cash Flows from Investing Activities:    
Acquisitions, net of cash balance acquired 0 (161,711)
Acquisition of property and equipment (21,788) (22,171)
Proceeds from sale of property and equipment 9,614 3,422
Investments in available-for-sale securities (535)  
Proceeds from sale of available-for-sale securities 16,553 7,388
Change in restricted cash (3,247) (3,822)
Investment in other activities (535) (2,725)
NET CASH (USED IN) INVESTING ACTIVITIES 597 (179,619)
Cash Flows from Financing Activities:    
Proceeds from debt 306,582 258,175
Repayment of debt (290,917) (36,621)
Business acquisition related payments (2,932) (1,904)
Excess income tax benefit from stock-based compensation 0 18
Issuance of common stock and effect of cashless exercise (307) 256
Debt issuance costs (10) (2,233)
Increase (decrease) in intercompany advances 0 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 12,416 217,691
Net Increase (Decrease) in Cash and Cash Equivalents (18,854) (50,400)
Cash and Cash Equivalents at Beginning of Year 204,240 471,378
Cash and Cash Equivalents at End of Period 185,386 420,978
Tutor Perini Corporation [Member]
    
Cash Flows from Operating Activities:    
Net (loss) income (349,626) 26,623
Adjustments to reconcile net income to net cash from operating activities:    
Goodwill and intangible asset impairment 0  
Depreciation and amortization 2,130 2,694
Equity in earnings of subsidiaries 322,312 (38,343)
Stock-based compensation expense 5,074 7,085
Excess income tax benefit from stock-based compensation   (18)
Deferred income taxes (38,696) (1,149)
Gain (loss) on sale of equipment 0 0
Loss on sale of investments 2,699  
Other long-term liabilities (1,483) (1,185)
Other non-cash items 322 (570)
Changes in other components of working capital 55,269 (38,617)
NET CASH USED IN OPERATING ACTIVITIES (1,999) (43,480)
Cash Flows from Investing Activities:    
Acquisitions, net of cash balance acquired   (161,711)
Acquisition of property and equipment (8,500) (1,877)
Proceeds from sale of property and equipment 304 20
Investments in available-for-sale securities 0  
Proceeds from sale of available-for-sale securities 16,553 0
Change in restricted cash (3,231) (3,417)
Investment in other activities   (2,725)
NET CASH (USED IN) INVESTING ACTIVITIES 5,126 (169,710)
Cash Flows from Financing Activities:    
Proceeds from debt 306,538 207,275
Repayment of debt (277,668) (7,939)
Business acquisition related payments (2,932) (1,904)
Excess income tax benefit from stock-based compensation   18
Issuance of common stock and effect of cashless exercise (307) 256
Debt issuance costs (10) (2,233)
Increase (decrease) in intercompany advances (25,344) 139,729
NET CASH PROVIDED BY FINANCING ACTIVITIES 277 335,202
Net Increase (Decrease) in Cash and Cash Equivalents 3,404 122,012
Cash and Cash Equivalents at Beginning of Year 134,936 222,156
Cash and Cash Equivalents at End of Period 138,340 344,168
Guarantor Subsidiaries [Member]
    
Cash Flows from Operating Activities:    
Net (loss) income (326,657) 34,456
Adjustments to reconcile net income to net cash from operating activities:    
Goodwill and intangible asset impairment 376,574  
Depreciation and amortization 29,840 13,788
Equity in earnings of subsidiaries 0 0
Stock-based compensation expense 0 0
Excess income tax benefit from stock-based compensation   0
Deferred income taxes (3,725) (126)
Gain (loss) on sale of equipment 530 146
Loss on sale of investments 0  
Other long-term liabilities (2,523) (3,234)
Other non-cash items 195 (136)
Changes in other components of working capital (120,604) (94,577)
NET CASH USED IN OPERATING ACTIVITIES (46,370) (49,683)
Cash Flows from Investing Activities:    
Acquisitions, net of cash balance acquired   0
Acquisition of property and equipment (13,288) (19,207)
Proceeds from sale of property and equipment 9,310 3,360
Investments in available-for-sale securities (535)  
Proceeds from sale of available-for-sale securities 0 7,388
Change in restricted cash (16) (403)
Investment in other activities   0
NET CASH (USED IN) INVESTING ACTIVITIES (4,529) (8,862)
Cash Flows from Financing Activities:    
Proceeds from debt 44 50,900
Repayment of debt (13,249) (28,682)
Business acquisition related payments 0 0
Excess income tax benefit from stock-based compensation   0
Issuance of common stock and effect of cashless exercise 0 0
Debt issuance costs 0 0
Increase (decrease) in intercompany advances 28,037 (129,614)
NET CASH PROVIDED BY FINANCING ACTIVITIES 14,832 (107,396)
Net Increase (Decrease) in Cash and Cash Equivalents (36,067) (165,941)
Cash and Cash Equivalents at Beginning of Year 52,492 220,086
Cash and Cash Equivalents at End of Period 16,425 54,145
Non-Guarantor Subsidiaries [Member]
    
Cash Flows from Operating Activities:    
Net (loss) income 4,345 3,887
Adjustments to reconcile net income to net cash from operating activities:    
Goodwill and intangible asset impairment 0  
Depreciation and amortization 136 503
Equity in earnings of subsidiaries 0 0
Stock-based compensation expense 0 0
Excess income tax benefit from stock-based compensation   0
Deferred income taxes 0 0
Gain (loss) on sale of equipment 0 0
Loss on sale of investments 0  
Other long-term liabilities 0 0
Other non-cash items 0 (693)
Changes in other components of working capital 12,021 994
NET CASH USED IN OPERATING ACTIVITIES 16,502 4,691
Cash Flows from Investing Activities:    
Acquisitions, net of cash balance acquired   0
Acquisition of property and equipment 0 (1,087)
Proceeds from sale of property and equipment 0 42
Investments in available-for-sale securities 0  
Proceeds from sale of available-for-sale securities 0 0
Change in restricted cash 0 (2)
Investment in other activities   0
NET CASH (USED IN) INVESTING ACTIVITIES 0 (1,047)
Cash Flows from Financing Activities:    
Proceeds from debt 0 0
Repayment of debt 0 0
Business acquisition related payments 0 0
Excess income tax benefit from stock-based compensation   0
Issuance of common stock and effect of cashless exercise 0 0
Debt issuance costs 0 0
Increase (decrease) in intercompany advances (2,693) (10,115)
NET CASH PROVIDED BY FINANCING ACTIVITIES (2,693) (10,115)
Net Increase (Decrease) in Cash and Cash Equivalents 13,809 (6,471)
Cash and Cash Equivalents at Beginning of Year 16,812 29,136
Cash and Cash Equivalents at End of Period 30,621 22,665
Eliminations [Member]
    
Cash Flows from Operating Activities:    
Net (loss) income 322,312 (38,343)
Adjustments to reconcile net income to net cash from operating activities:    
Goodwill and intangible asset impairment 0  
Depreciation and amortization 0 0
Equity in earnings of subsidiaries (322,312) 38,343
Stock-based compensation expense 0 0
Excess income tax benefit from stock-based compensation   0
Deferred income taxes 0 0
Gain (loss) on sale of equipment 0 0
Loss on sale of investments 0  
Other long-term liabilities 0 0
Other non-cash items 0 0
Changes in other components of working capital 0 0
NET CASH USED IN OPERATING ACTIVITIES 0 0
Cash Flows from Investing Activities:    
Acquisitions, net of cash balance acquired   0
Acquisition of property and equipment 0 0
Proceeds from sale of property and equipment 0 0
Investments in available-for-sale securities 0  
Proceeds from sale of available-for-sale securities 0 0
Change in restricted cash 0 0
Investment in other activities   0
NET CASH (USED IN) INVESTING ACTIVITIES 0 0
Cash Flows from Financing Activities:    
Proceeds from debt 0 0
Repayment of debt 0 0
Business acquisition related payments 0 0
Excess income tax benefit from stock-based compensation   0
Issuance of common stock and effect of cashless exercise 0 0
Debt issuance costs 0 0
Increase (decrease) in intercompany advances 0 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 0 0
Net Increase (Decrease) in Cash and Cash Equivalents 0 0
Cash and Cash Equivalents at Beginning of Year 0 0
Cash and Cash Equivalents at End of Period $ 0 $ 0