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Separate Financial Information of Subsidiary Guarantors of Indebtedness (Tables) | 6 Months Ended
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Jun. 30, 2014
Separate Financial Information of Subsidiary Guarantors of Indebtedness |
Condensed Consolidating Balance Sheet | CONDENSED CONSOLIDATING BALANCE SHEET - JUNE 30, 2014 (UNAUDITED) (in thousands)
|  | Tutor Perini Corporation |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 81,385 |  | $ | 50,422 |  | $ | 8,051 |  | $ | — |  | $ | 139,858 |
Restricted Cash |  | 3,368 |  | 8,050 |  | 31,209 |  | — |  | 42,627 |
Accounts Receivable |  | 300,406 |  | 1,160,673 |  | 51,145 |  | (58,179 | ) | 1,454,045 |
Costs and Estimated Earnings in Excess of Billings |  | 90,823 |  | 640,451 |  | 152 |  | (70,474 | ) | 660,952 |
Deferred Income Taxes |  | — |  | 15,608 |  | — |  | (7,626 | ) | 7,982 |
Other Current Assets |  | 58,924 |  | 41,108 |  | 20,200 |  | (67,812 | ) | 52,420 |
Total Current Assets |  | 534,906 |  | 1,916,312 |  | 110,757 |  | (204,091 | ) | 2,357,884 |
Property and Equipment, net |  | 92,129 |  | 432,981 |  | 4,435 |  | — |  | 529,545 |
Intercompany Notes and Receivables |  | — |  | 239,049 |  | — |  | (239,049 | ) | — |
Other Assets: |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | — |  | 585,006 |  | — |  | — |  | 585,006 |
Intangible Assets, net |  | — |  | 106,403 |  | — |  | — |  | 106,403 |
Investment in Subsidiaries |  | 2,113,166 |  | 19,519 |  | 50 |  | (2,132,735 | ) | — |
Other |  | 71,690 |  | 9,312 |  | — |  | (5,317 | ) | 75,685 |
|  | $ | 2,811,891 |  | $ | 3,308,582 |  | $ | 115,242 |  | $ | (2,581,192 | ) | $ | 3,654,523 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |
Current Maturities of Long-term Debt |  | $ | 23,082 |  | $ | 45,150 |  | $ | — |  | — |  | $ | 68,232 |
Accounts Payable |  | 189,131 |  | 757,390 |  | 2,954 |  | (99,847 | ) | 849,628 |
Billings in Excess of Costs and Estimated Earnings |  | 119,667 |  | 179,688 |  | 34 |  | — |  | 299,389 |
Accrued Expenses and Other Current Liabilities |  | 56,161 |  | 96,020 |  | 53,697 |  | (69,104 | ) | 136,774 |
Total Current Liabilities |  | 388,041 |  | 1,078,248 |  | 56,685 |  | (168,951 | ) | 1,354,023 |
Long-term Debt, less current maturities |  | 683,291 |  | 118,059 |  | — |  | (40,316 | ) | 761,034 |
Deferred Income Taxes |  | 107,622 |  | 7,914 |  | — |  | — |  | 115,536 |
Other Long-term Liabilities |  | 120,346 |  | 2,117 |  | — |  | — |  | 122,463 |
Intercompany Notes and Advances Payable |  | 211,124 |  | — |  | 27,823 |  | (238,947 | ) | — |
Stockholders’ Equity |  | 1,301,467 |  | 2,102,244 |  | 30,734 |  | (2,132,978 | ) | 1,301,467 |
|  | $ | 2,811,891 |  | $ | 3,308,582 |  | $ | 115,242 |  | $ | (2,581,192 | ) | $ | 3,654,523 |
CONDENSED CONSOLIDATING BALANCE SHEET - DECEMBER 31, 2013 (in thousands)
|  | Tutor Perini Corporation |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 88,995 |  | $ | 18,031 |  | $ | 12,897 |  | $ | — |  | $ | 119,923 |
Restricted Cash |  | 18,833 |  | 8,040 |  | 15,721 |  | — |  | 42,594 |
Accounts Receivable |  | 208,227 |  | 1,126,012 |  | 47,958 |  | (90,951 | ) | 1,291,246 |
Costs and Estimated Earnings in Excess of Billings |  | 99,779 |  | 505,979 |  | 152 |  | (32,662 | ) | 573,248 |
Deferred Income Taxes |  | — |  | 15,866 |  | — |  | (7,626 | ) | 8,240 |
Other Current Assets |  | 37,605 |  | 26,234 |  | 24,462 |  | (37,632 | ) | 50,669 |
Total Current Assets |  | 453,439 |  | 1,700,162 |  | 101,190 |  | (168,871 | ) | 2,085,920 |
Long-term Investments |  | 46,283 |  | — |  | — |  | — |  | 46,283 |
Property and Equipment, net |  | 77,562 |  | 415,993 |  | 4,570 |  | — |  | 498,125 |
Intercompany Notes and Receivables |  | — |  | 428,190 |  | — |  | (428,190 | ) | — |
Other Assets: |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | — |  | 577,756 |  | — |  | — |  | 577,756 |
Intangible Assets, net |  | — |  | 113,740 |  | — |  | — |  | 113,740 |
Investment in Subsidiaries |  | 2,181,280 |  | 29 |  | 50 |  | (2,181,359 | ) | — |
Other |  | 70,269 |  | 10,528 |  | — |  | (5,183 | ) | 75,614 |
|  | $ | 2,828,833 |  | $ | 3,246,398 |  | $ | 105,810 |  | $ | (2,783,603 | ) | $ | 3,397,438 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |
Current Maturities of Long-term Debt |  | $ | 50,578 |  | $ | 64,080 |  | $ | — |  | $ | — |  | $ | 114,658 |
Accounts Payable |  | 162,292 |  | 677,997 |  | 6,039 |  | (88,103 | ) | 758,225 |
Billings in Excess of Costs and Estimated Earnings |  | 90,267 |  | 177,285 |  | 34 |  | — |  | 267,586 |
Accrued Expenses and Other Current Liabilities |  | 58,232 |  | 99,257 |  | 48,369 |  | (47,841 | ) | 158,017 |
Total Current Liabilities |  | 361,369 |  | 1,018,619 |  | 54,442 |  | (135,944 | ) | 1,298,486 |
Long-term Debt, less current maturities |  | 575,356 |  | 84,053 |  | — |  | (40,183 | ) | 619,226 |
Deferred Income Taxes |  | 107,448 |  | 6,885 |  | — |  | — |  | 114,333 |
Other Long-term Liabilities |  | 114,677 |  | 3,181 |  | — |  | — |  | 117,858 |
Intercompany Notes and Advances Payable |  | 422,448 |  | — |  | 23,462 |  | (445,910 | ) | — |
Contingencies and Commitments |  |  |  |  |  |  |  |  |  |  |
Stockholders’ Equity |  | 1,247,535 |  | 2,133,660 |  | 27,906 |  | (2,161,566 | ) | 1,247,535 |
|  | $ | 2,828,833 |  | $ | 3,246,398 |  | $ | 105,810 |  | $ | (2,783,603 | ) | $ | 3,397,438 |
Condensed Consolidating Statement of Operations | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED JUNE 30, 2014 (in thousands)
|  | Tutor Perini Corporation |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated |
Revenues |  | $ | 207,944 |  | $ | 918,146 |  | — |  | $ | (41,580 | ) | $ | 1,084,510 |
Cost of Operations |  | 177,877 |  | 827,097 |  | (8,415 | ) | (41,580 | ) | 954,979 |
Gross Profit |  | $ | 30,067 |  | 91,049 |  | 8,415 |  | — |  | 129,531 |
General and Administrative Expenses |  | 18,985 |  | 44,625 |  | 478 |  | — |  | 64,088 |
INCOME FROM CONSTRUCTION OPERATIONS |  | 11,082 |  | 46,424 |  | 7,937 |  | — |  | 65,443 |
Equity in Earnings of Subsidiaries |  | 31,748 |  | — |  | — |  | (31,748 | ) | — |
Other (Expense) Income, net |  | (6,684 | ) | (418 | ) | 128 |  | — |  | (6,974 | )
Interest Expense |  | (9,809 | ) | (1,048 | ) | — |  | — |  | (10,857 | )
Income (loss) before Income Taxes |  | 26,337 |  | 44,958 |  | 8,065 |  | (31,748 | ) | 47,612 |
(Provision) for Income Taxes |  | 2,208 |  | (18,062 | ) | (3,213 | ) | — |  | (19,067 | )
NET INCOME (LOSS) |  | $ | 28,545 |  | $ | 26,896 |  | $ | 4,852 |  | $ | (31,748 | ) | $ | 28,545 |
Other Comprehensive Income: |  |  |  |  |  |  |  |  |  |  |
Other Comprehensive Income of Subsidiaries |  | 340 |  | — |  | — |  | (340 | ) | — |
Foreign currency translation |  | — |  | 347 |  | — |  | — |  | 347 |
Change in fair value of investments |  | — |  | (7 | ) | — |  | — |  | (7 | )
Change in fair value of interest rate swap |  | 76 |  | — |  | — |  | — |  | 76 |
Total Other Comprehensive (Loss) Income |  | 416 |  | 340 |  | — |  | (340 | ) | 416 |
Total Comprehensive Income (Loss) |  | $ | 28,961 |  | $ | 27,236 |  | $ | 4,852 |  | $ | (32,088 | ) | $ | 28,961 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED JUNE 30, 2013 (in thousands)
|  | Tutor Perini Corporation |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated |
Revenues |  | $ | 141,795 |  | $ | 948,071 |  | $ | — |  | $ | (36,801 | ) | $ | 1,053,065 |
Cost of Operations |  | 122,423 |  | 865,284 |  | (3,796 | ) | (36,801 | ) | 947,110 |
Gross Profit |  | 19,372 |  | 82,787 |  | 3,796 |  | — |  | 105,955 |
General and Administrative Expenses |  | 19,328 |  | 46,677 |  | 476 |  | — |  | 66,481 |
(LOSS) INCOME FROM CONSTRUCTION OPERATIONS |  | 44 |  | 36,110 |  | 3,320 |  | — |  | 39,474 |
Equity in Earnings of Subsidiaries |  | 24,440 |  | — |  | — |  | (24,440 | ) | — |
Other (Expense) Income, net |  | (4,314 | ) | 955 |  | 125 |  | — |  | (3,234 | )
Interest Expense |  | (10,300 | ) | (783 | ) | — |  | — |  | (11,083 | )
Income (Loss) before Income Taxes |  | 9,870 |  | 36,282 |  | 3,445 |  | (24,440 | ) | 25,157 |
Credit (Provision) for Income Taxes |  | 5,608 |  | (13,961 | ) | (1,326 | ) | — |  | (9,679 | )
NET INCOME (LOSS) |  | $ | 15,478 |  | $ | 22,321 |  | $ | 2,119 |  | $ | (24,440 | ) | $ | 15,478 |
Other Comprehensive Income: |  |  |  |  |  |  |  |  |  |  |
Other Comprehensive Income of Subsidiaries |  | (395 | ) | — |  | — |  | 395 |  | — |
Tax adjustment on minimum pension liability |  | — |  | — |  | — |  | — |  | — |
Foreign currency translation |  | — |  | (43 | ) | — |  | — |  | (43 | )
Change in fair value of investments |  | — |  | (352 | ) | — |  | — |  | (352 | )
Change in fair value of interest rate swap |  | 292 |  | — |  | — |  | — |  | 292 |
Total Other Comprehensive (Loss) Income |  | (103 | ) | (395 | ) | — |  | 395 |  | (103 | )
Total Comprehensive Income (Loss) |  | $ | 15,375 |  | $ | 21,926 |  | $ | 2,119 |  | $ | (24,045 | ) | $ | 15,375 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (UNAUDITED) SIX MONTHS ENDED JUNE 30, 2014 (in thousands)
|  | Tutor Perini Corporation |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated |
Revenues |  | $ | 434,791 |  | $ | 1,681,782 |  | — |  | $ | (76,830 | ) | $ | 2,039,743 |
Cost of Operations |  | 371,691 |  | 1,525,005 |  | (15,001 | ) | (76,830 | ) | 1,804,865 |
Gross Profit |  | 63,100 |  | 156,777 |  | 15,001 |  | — |  | 234,878 |
General and Administrative Expenses |  | 36,780 |  | 90,245 |  | 913 |  | — |  | 127,938 |
INCOME FROM CONSTRUCTION OPERATIONS |  | 26,320 |  | 66,532 |  | 14,088 |  | — |  | 106,940 |
Equity in Earnings of Subsidiaries |  | 47,029 |  | — |  | — |  | (47,029 | ) | — |
Other (Expense) Income, net |  | (10,779 | ) | 184 |  | 248 |  | — |  | (10,347 | )
Interest Expense |  | (19,826 | ) | (1,862 | ) | — |  | — |  | (21,688 | )
Income (loss) before Income Taxes |  | 42,744 |  | 64,854 |  | 14,336 |  | (47,029 | ) | 74,905 |
(Provision) for Income Taxes |  | 1,740 |  | (26,339 | ) | (5,822 | ) | — |  | (30,421 | )
NET INCOME (LOSS) |  | $ | 44,484 |  | $ | 38,515 |  | $ | 8,514 |  | $ | (47,029 | ) | $ | 44,484 |
Other Comprehensive Income: |  |  |  |  |  |  |  |  |  |  |
Other Comprehensive Income of Subsidiaries |  | 235 |  | — |  | — |  | (235 | ) | — |
Foreign currency translation |  | — |  | 61 |  | — |  | — |  | 61 |
Change in fair value of investments |  | — |  | 174 |  | — |  | — |  | 174 |
Change in fair value of interest rate swap |  | 157 |  | — |  | — |  | — |  | 157 |
Total Other Comprehensive (Loss) Income |  | 392 |  | 235 |  | — |  | (235 | ) | 392 |
Total Comprehensive Income (Loss) |  | $ | 44,876 |  | $ | 38,750 |  | $ | 8,514 |  | $ | (47,264 | ) | $ | 44,876 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (UNAUDITED) SIX MONTHS ENDED JUNE 30, 2013 (in thousands)
|  | Tutor Perini Corporation |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated |
Revenues |  | $ | 281,572 |  | $ | 1,869,484 |  | $ | — |  | $ | (105,063 | ) | $ | 2,045,993 |
Cost of Operations |  | 247,512 |  | 1,705,104 |  | (7,872 | ) | (105,063 | ) | 1,839,681 |
Gross Profit |  | 34,060 |  | 164,380 |  | 7,872 |  | — |  | 206,312 |
General and Administrative Expenses |  | 38,105 |  | 91,708 |  | 946 |  | — |  | 130,759 |
(LOSS) INCOME FROM CONSTRUCTION OPERATIONS |  | (4,045 | ) | 72,672 |  | 6,926 |  | — |  | 75,553 |
Equity in Earnings of Subsidiaries |  | 48,796 |  | — |  | — |  | (48,796 | ) | — |
Other (Expense) Income, net |  | (5,123 | ) | 811 |  | 251 |  | — |  | (4,061 | )
Interest Expense |  | (20,845 | ) | (1,574 | ) | — |  | — |  | (22,419 | )
Income (Loss) before Income Taxes |  | 18,783 |  | 71,909 |  | 7,177 |  | (48,796 | ) | 49,073 |
Credit (Provision) for Income Taxes |  | 11,495 |  | (27,541 | ) | (2,749 | ) | — |  | (18,795 | )
NET INCOME (LOSS) |  | $ | 30,278 |  | $ | 44,368 |  | $ | 4,428 |  | $ | (48,796 | ) | $ | 30,278 |
Other Comprehensive Income: |  |  |  |  |  |  |  |  |  |  |
Other Comprehensive Income of Subsidiaries |  | (480 | ) | — |  | — |  | 480 |  | — |
Tax adjustment on minimum pension liability |  | — |  | — |  | — |  | — |  | — |
Foreign currency translation |  | — |  | (229 | ) | — |  | — |  | (229 | )
Change in fair value of investments |  | — |  | (251 | ) | — |  | — |  | (251 | )
Change in fair value of interest rate swap |  | 460 |  | — |  | — |  | — |  | 460 |
Total Other Comprehensive (Loss) Income |  | (20 | ) | (480 | ) | — |  | 480 |  | (20 | )
Total Comprehensive Income (Loss) |  | $ | 30,258 |  | $ | 43,888 |  | $ | 4,428 |  | $ | (48,316 | ) | $ | 30,258 |
Condensed Consolidating Statement of Cash Flows | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) SIX MONTHS ENDED JUNE 30, 2014 (in thousands)
|  | Tutor Perini Corporation |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated |
Cash Flows from Operating Activities: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 44,484 |  | $ | 38,515 |  | $ | 8,514 |  | $ | (47,029 | ) | $ | 44,484 |
Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | 4,866 |  | 25,077 |  | 135 |  | — |  | 30,078 |
Equity in earnings of subsidiaries |  | (47,029 | ) | — |  | — |  | 47,029 |  | — |
Stock-based compensation expense |  | 9,920 |  | — |  | — |  | — |  | 9,920 |
Deferred income taxes |  | 4,672 |  | (4,736 | ) | — |  | — |  | (64 | )
(Gain) loss on sale of investments |  | 1,786 |  | — |  | — |  | — |  | 1,786 |
(Gain) loss on sale of property and equipment |  | — |  | 427 |  | — |  | — |  | 427 |
Other long-term liabilities |  | 6,624 |  | (1,065 | ) | — |  | — |  | 5,559 |
Other non-cash items |  | (3,620 | ) | 5,182 |  | — |  | — |  | 1,562 |
Changes in other components of working capital |  | (53,928 | ) | (104,577 | ) | 3,318 |  | — |  | (155,187 | )
NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES |  | $ | (32,225 | ) | $ | (41,177 | ) | $ | 11,967 |  | $ | — |  | $ | (61,435 | )
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |
Acquisition of property and equipment |  | (16,715 | ) | (10,015 | ) | — |  | — |  | (26,730 | )
Proceeds from sale of property and equipment |  | — |  | 1,906 |  | — |  | — |  | 1,906 |
Proceeds from sale of available-for-sale securities |  | 44,497 |  | — |  | — |  | — |  | 44,497 |
Change in restricted cash |  | 15,465 |  | (10 | ) | (15,488 | ) | — |  | (33 | )
NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES |  | $ | 43,247 |  | $ | (8,119 | ) | $ | (15,488 | ) | $ | — |  | $ | 19,640 |
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from debt |  | 685,079 |  | 32,405 |  | — |  | — |  | 717,484 |
Repayment of debt |  | (604,773 | ) | (44,509 | ) | — |  | — |  | (649,282 | )
Business acquisition-related payments |  | (1,226 | ) | (34 | ) | — |  | — |  | (1,260 | )
Issuance of common stock and effect of cashless exercise |  | (1,531 | ) | — |  | — |  | — |  | (1,531 | )
Debt issuance costs |  |  |  | (3,681 | ) |  |  |  |  | (3,681 | )
Increase (decrease) in intercompany advances |  | (96,181 | ) | 97,506 |  | (1,325 | ) | — |  | — |
NET CASH (USED) PROVIDED BY FINANCING ACTIVITIES |  | $ | (18,632 | ) | $ | 81,687 |  | $ | (1,325 | ) | $ | — |  | $ | 61,730 |
Net (Decrease) Increase in Cash and Cash Equivalents |  | (7,610 | ) | 32,391 |  | (4,846 | ) | — |  | 19,935 |
Cash and Cash Equivalents at Beginning of Year |  | 88,995 |  | 18,031 |  | 12,897 |  |  |  | 119,923 |
Cash and Cash Equivalents at End of Period |  | $ | 81,385 |  | $ | 50,422 |  | $ | 8,051 |  | $ | — |  | $ | 139,858 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) SIX MONTHS ENDED JUNE 30, 2013 (in thousands)
|  | Tutor Perini Corporation |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated |
Cash Flows from Operating Activities: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 30,278 |  | $ | 44,368 |  | $ | 4,428 |  | $ | (48,796 | ) | $ | 30,278 |
Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | 3,230 |  | 24,201 |  | 135 |  | — |  | 27,566 |
Equity in earnings of subsidiaries |  | (48,796 | ) | — |  | — |  | 48,796 |  | — |
Stock-based compensation expense |  | 4,624 |  | — |  | — |  | — |  | 4,624 |
Excess income tax benefit from stock-based compensation |  | (358 | ) |  |  |  |  |  |  | (358 | )
Deferred income taxes |  | 235 |  | 265 |  | — |  | — |  | 500 |
(Gain) loss on sale of property and equipment |  | (180 | ) | — |  | — |  | — |  | (180 | )
Other long-term liabilities |  | 9,204 |  | (755 | ) | — |  | — |  | 8,449 |
Other non-cash items |  | 864 |  | (975 | ) | — |  | — |  | (111 | )
Changes in other components of working capital |  | 41,842 |  | (111,153 | ) | (40,027 | ) | — |  | (109,338 | )
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES |  | $ | 40,943 |  | $ | (44,049 | ) | $ | (35,464 | ) | $ | — |  | $ | (38,570 | )
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |
Acquisition of property and equipment |  | (16,299 | ) | (11,828 | ) | — |  | — |  | (28,127 | )
Proceeds from sale of property and equipment |  | 186 |  | 2,173 |  | — |  | — |  | 2,359 |
Change in restricted cash |  | 6,795 |  | 612 |  | (15,709 | ) | — |  | (8,302 | )
NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES |  | $ | (9,318 | ) | $ | (9,043 | ) | $ | (15,709 | ) | $ | — |  | $ | (34,070 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from debt |  | 395,365 |  | 26,185 |  | — |  | — |  | 421,550 |
Repayment of debt |  | (363,252 | ) | (11,735 | ) | — |  | — |  | (374,987 | )
Excess income tax benefit from stock-based compensation |  | 358 |  | — |  | — |  | — |  | 358 |
Issuance of common stock and effect of cashless exercise |  | 341 |  | — |  | — |  | — |  | 341 |
Increase (decrease) in intercompany advances |  | (39,004 | ) | 1,023 |  | 37,981 |  | — |  | — |
NET CASH (USED) PROVIDED BY FINANCING ACTIVITIES |  | $ | (6,192 | ) | $ | 15,473 |  | $ | 37,981 |  | $ | — |  | $ | 47,262 |
Net Increase (Decrease) in Cash and Cash Equivalents |  | 25,433 |  | (37,619 | ) | (13,192 | ) | — |  | (25,378 | )
Cash and Cash Equivalents at Beginning of Year |  | 64,663 |  | 74,385 |  | 29,008 |  | — |  | 168,056 |
Cash and Cash Equivalents at End of Period |  | $ | 90,096 |  | $ | 36,766 |  | $ | 15,816 |  | $ | — |  | $ | 142,678 |

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- Details
Name: | tpc_SeparateFinancialInformationOfSubsidiaryGuarantorsOfIndebtednessAbstract
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