Tutor Perini (TPC) FY2023 results: revenue $3.9 billion, up 2.4% on the year
Tutor Perini Corp. (TPC) reported revenue of $3.9 billion for fiscal 2023, the year ended 31 December 2023, up 2.4% on the year before. Net income was -$171 million, and diluted earnings per share $-3.30. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$3.9 billion
+2.4% on the year
FY2016FY2023
Operating margin
-3.0%
-5.4% a year earlier
FY2016FY2023
Net income
-$171 million
FY2016FY2023
Diluted EPS
-$3.30
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
308
207
-148
+49.0%
Capital expenditure
53.0
59.8
38.6
-11.4%
Free cash flow
256
147
-187
+73.6%
Free cash flow margin
6.6%
3.9%
-4.0%
Cash from investing
-78.2
-65.6
-37.3
Cash from financing
-109
-78.9
-54.7
Depreciation and amortisation
45.2
64.4
118
-29.7%
Share-based compensation
12.3
9.1
11.6
+35.2%
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
52m
51m
51m
+1.0%
Shares outstanding at period end
52m
52m
51m
+1.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,292
1,450
1,655
-10.9%
Non-controlling interest
-7.7
-7.7
18.8
Debt
900
958
994
-6.1%
Operating lease liabilities
47.8
49.2
50.1
-2.8%
Other liabilities
2,198
2,093
2,007
+5.0%
Total liabilities and equity
4,430
4,543
4,725
-2.5%
Fixed assets
441
435
430
+1.4%
Goodwill
205
205
205
0.0%
Intangible assets
68.3
70.5
85.1
-3.2%
Securities held for sale or to maturity
217
160
143
+36.0%
Cash and equivalents
381
259
202
+46.7%
Receivables
1,054
1,171
1,454
-10.0%
Other assets
2,063
2,242
2,205
-8.0%
Total assets
4,430
4,543
4,725
-2.5%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.