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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents ($91,700 and $105,735 related to variable interest entities (“VIEs”)) $ 231,129 $ 374,289
Restricted cash 2,884 77,563
Restricted investments 85,545 78,912
Accounts receivable ($85,873 and $86,012 related to VIEs) 1,372,054 1,415,063
Retainage receivable ($139,617 and $122,335 related to VIEs) 683,966 648,441
Costs and estimated earnings in excess of billings ($90,294 and $39,846 related to VIEs) 1,346,974 1,236,734
Other current assets ($49,867 and $51,746 related to VIEs) 252,735 249,455
Total current assets 3,975,287 4,080,457
PROPERTY AND EQUIPMENT (“P&E”), net of accumulated depreciation of $475,207 and $434,294 (net P&E of $4,550 and $12,840 related to VIEs) 456,693 489,217
GOODWILL 205,143 205,143
INTANGIBLE ASSETS, NET 105,801 123,115
OTHER ASSETS 149,176 147,685
TOTAL ASSETS 4,892,100 5,045,617
CURRENT LIABILITIES:    
Current maturities of long-term debt, net of unamortized discount and debt issuance costs totaling $0 and $2,040 36,941 100,188
Accounts payable ($86,263 and $116,461 related to VIEs) 692,835 794,611
Retainage payable ($30,681 and $26,439 related to VIEs) 331,341 315,135
Billings in excess of costs and estimated earnings ($344,239 and $362,427 related to VIEs) 764,029 839,222
Accrued expenses and other current liabilities ($7,096 and $9,595 related to VIEs) 200,138 215,207
Total current liabilities 2,025,284 2,264,363
LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $18,712 and $20,209 933,303 925,277
DEFERRED INCOME TAXES 85,386 82,966
OTHER LONG-TERM LIABILITIES 237,697 230,066
TOTAL LIABILITIES 3,281,670 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 51,072,182 and 50,827,205 shares 51,072 50,827
Additional paid-in capital 1,130,368 1,127,385
Retained earnings 469,584 422,385
Accumulated other comprehensive loss (46,526) (46,741)
Total stockholders' equity 1,604,498 1,553,856
Noncontrolling interests 5,932 (10,911)
TOTAL EQUITY 1,610,430 1,542,945
TOTAL LIABILITIES AND EQUITY $ 4,892,100 $ 5,045,617