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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents ($72,473 and $105,735 related to variable interest entities (“VIEs”)) $ 187,535 $ 374,289
Restricted cash 6,922 77,563
Restricted investments 86,576 78,912
Accounts receivable ($99,841 and $86,012 related to VIEs) 1,426,709 1,415,063
Retainage receivable ($150,301 and $122,335 related to VIEs) 637,124 648,441
Costs and estimated earnings in excess of billings ($142,587 and $39,846 related to VIEs) 1,388,010 1,236,734
Other current assets ($44,851 and $51,746 related to VIEs) 204,555 249,455
Total current assets 3,937,431 4,080,457
PROPERTY AND EQUIPMENT (“P&E”), net of accumulated depreciation of $477,556 and $434,294 (net P&E of $2,413 and $12,840 related to VIEs) 440,982 489,217
GOODWILL 205,143 205,143
INTANGIBLE ASSETS, NET 96,469 123,115
OTHER ASSETS 147,725 147,685
TOTAL ASSETS 4,827,750 5,045,617
CURRENT LIABILITIES:    
Current maturities of long-term debt, net of unamortized discount and debt issuance costs totaling $0 and $2,040 28,029 100,188
Accounts payable ($75,333 and $116,461 related to VIEs) 656,135 794,611
Retainage payable ($34,620 and $26,439 related to VIEs) 286,036 315,135
Billings in excess of costs and estimated earnings ($340,943 and $362,427 related to VIEs) 754,939 839,222
Accrued expenses and other current liabilities ($9,892 and $9,595 related to VIEs) 207,850 215,207
Total current liabilities 1,932,989 2,264,363
LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $17,921 and $20,209 939,955 925,277
DEFERRED INCOME TAXES 83,065 82,966
OTHER LONG-TERM LIABILITIES 241,123 230,066
TOTAL LIABILITIES 3,197,132 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 51,072,432 and 50,827,205 shares 51,072 50,827
Additional paid-in capital 1,132,396 1,127,385
Retained earnings 484,978 422,385
Accumulated other comprehensive loss (47,160) (46,741)
Total stockholders' equity 1,621,286 1,553,856
Noncontrolling interests 9,332 (10,911)
TOTAL EQUITY 1,630,618 1,542,945
TOTAL LIABILITIES AND EQUITY $ 4,827,750 $ 5,045,617