Good day, ladies and gentlemen, and welcome to the Tutor Perini Corporation second-area 2019 income conference call. My name is Doug, and I’ll be your coordinator nowadays. [Operator instructions] As a reminder, this conference call is being recorded for replay purposes. [Operator instructions] I would like to show the convention to your host for today, Mr. Jorge Casado, vice chairman of investor members of the family. Please continue.
Jorge Casado — Vice President of Investor Relations
Hello, each person, and thank you for your participation. Ronald Tutor, chairman and CEO, and Gary Smalley, executive vice president and CFO, are joining us. Before we talk about our effects, I’ll remind everybody that during the state-of-the-art call, we will make forward-searching statements, which mirror the control’s modern evaluation of current trends and data. There is an inherent chance that our actual consequences ought to fluctuate materially.
You can find our disclosures about dangerous elements that could doubtlessly contribute to such variations in our most recent 10-K, filed on February 27, 2019. The corporation assumes no obligation to update ahead-searching statements, whether as a result of new data, destiny activities, or in any other case other than as required with the aid of regulation. In addition, during the ultra-modern call, we will discuss certain non-GAAP economic measures. The suitable GAAP monetary reconciliations are incorporated in our earnings launch, which we have issued in advance and filed with the SEC, and which are also posted in the Investor Relations segment of our website.
Thanks, Jorge. Good afternoon, and thank you for becoming a member of us. As you saw in our income release, we were required to take a non-coins goodwill impairment rate inside the second quarter, prompted by a sustained lower in our stock charge that passed off seeing our first-zone income release in May of this year. While the impairment is full-size in length, it isn’t the result of our settlement execution or in any way indicative of our enterprise outlook.
I don’t particularly appreciate addressing the impairment charge, but I’m as high-quality about the destiny of our enterprise as I have ever been. We continue to be in a wonderful aggressive function with the equally robust marketplace call for our offerings as contemplated in our giant new awards over the past year, our new file backlog, and the fantastic variety of new challenge possibilities. I could reiterate that the goodwill impairment rate changed strictly due to our stock charge’s dramatic downturn. That impairment price does not affect our cash flows, economic strength, or capacity to execute our current running backlog or compete for destiny opportunities.
Excluding the impairment activity, our 2d-zone results were negatively impacted through large delays on positive tasks, particularly those predominant one being owner-pushed delays continuing on California High-Speed Rail and sizeable climate influences, rain, and wind, on the Newark Airport Terminal One in New Jersey, which have shifted the timing of revenue and profit contributions ahead into the fourth sector this 12 months and into 2020.
Despite numerous commitments rendered with the aid of excessive-pace rail over the past 3 years, our mission has been severely behind schedule due to the inability to supply the proper-of-way homes within the settlement. Through negotiations, however, inside the first six months of this year, we had been committed, and part of the discussions now have the basic balance of proper methods turned over using the fourth area of 2019. Unfortunately, this defers approximately $250 million of revenue from 2019 to 2020 and ’21.
The most effective fine associated with this improvement is that we’ve just reached a very large and equitable agreement on all our costs related to these delays, with an alternate order and cash to be paid rapidly within the month of August. Although the Newark airport is going thoroughly, it has experienced considerable climate delays.
