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Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017	Amounts		Amounts
Cash	$	60,256	$	170,385
Accounts receivable	$	15,941	$	358,175
Accounts payable	$	13,111	$	140,943
Billings in excess of costs and estimated earnings	$	44,223	$	159,034

At December 31, 2016
Cash	$	7,045	$	135,823
Accounts receivable	$	4,242	$	388,000
Costs and estimated earnings in excess of billings	$	124	$	138,618
Accounts payable	$	888	$	168,110
Billings in excess of costs and estimated earnings	$	5,998	$	112,606

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):


	2017		2016		2015
Revenues	$	110,669	$	7,254	$	2,887
Net income attributable to noncontrolling interests		1,780		325		172

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):


	2017		2016
Cash	$	44,308	$	4,630
Accounts receivable	$	15,343	$	—
Costs and estimated earnings in excess of billings	$	—	$	124
Billings in excess of costs and estimated earnings	$	42,743	$	3,426
Accounts payable	$	12,352	$	286
Due to Primoris	$	—	$	46

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):


	2017		2016		2015
Revenues	$	31,638	$	19,781	$	1,364
Net income attributable to noncontrolling interests		2,716		677		48

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):


	2017		2016
Cash	$	15,948	$	2,415
Accounts receivable	$	598	$	4,242
Billings in excess of costs and estimated earnings	$	1,480	$	2,572
Accounts payable	$	759	$	602
Due to Primoris	$	7,428	$	2,035

- 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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