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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents ($91,768 and $105,735 related to variable interest entities (“VIEs”)) $ 318,720 $ 374,289
Restricted cash 82,086 77,563
Restricted investments 74,062 78,912
Accounts receivable ($78,924 and $86,012 related to VIEs) 1,368,892 1,415,063
Retainage receivable ($129,050 and $122,335 related to VIEs) 661,382 648,441
Costs and estimated earnings in excess of billings ($55,315 and $39,846 related to VIEs) 1,255,992 1,236,734
Other current assets ($49,182 and $51,746 related to VIEs) 236,943 249,455
Total current assets 3,998,077 4,080,457
PROPERTY AND EQUIPMENT (“P&E”), net of accumulated depreciation of $452,904 and $434,294 (net P&E of $8,526 and $12,840 related to VIEs) 478,338 489,217
GOODWILL 205,143 205,143
INTANGIBLE ASSETS, NET 116,472 123,115
OTHER ASSETS 147,977 147,685
TOTAL ASSETS 4,946,007 5,045,617
CURRENT LIABILITIES:    
Current maturities of long-term debt, net of unamortized discount and debt issuance costs totaling $941 and $2,040 101,020 100,188
Accounts payable ($81,694 and $116,461 related to VIEs) 716,326 794,611
Retainage payable ($28,027 and $26,439 related to VIEs) 318,692 315,135
Billings in excess of costs and estimated earnings ($332,704 and $362,427 related to VIEs) 818,757 839,222
Accrued expenses and other current liabilities ($6,838 and $9,595 related to VIEs) 176,264 215,207
Total current liabilities 2,131,059 2,264,363
LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $19,478 and $20,209 924,651 925,277
DEFERRED INCOME TAXES 82,950 82,966
OTHER LONG-TERM LIABILITIES 235,266 230,066
TOTAL LIABILITIES 3,373,926 3,502,672
COMMITMENTS AND CONTINGENCIES (NOTE 11)
Stockholders' equity:    
Preferred stock - authorized 1,000,000 shares ($1 par value), none issued 0 0
Common stock - authorized 112,500,000 shares ($1 par value), issued and outstanding 50,937,607 and 50,827,205 shares 50,938 50,827
Additional paid-in capital 1,127,624 1,127,385
Retained earnings 438,419 422,385
Accumulated other comprehensive loss (47,356) (46,741)
Total stockholders' equity 1,569,625 1,553,856
Noncontrolling interests 2,456 (10,911)
TOTAL EQUITY 1,572,081 1,542,945
TOTAL LIABILITIES AND EQUITY $ 4,946,007 $ 5,045,617