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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents ($102,679 and $105,735 related to VIEs) $ 202,197 $ 374,289
Restricted cash 9,199 77,563
Restricted investments 84,355 78,912
Accounts receivable ($116,415 and $86,012 related to VIEs) 1,454,319 1,415,063
Retainage receivable ($162,259 and $122,335 related to VIEs) 568,881 648,441
Costs and estimated earnings in excess of billings ($143,105 and $39,846 related to VIEs) 1,356,768 1,236,734
Other current assets ($43,718 and $51,746 related to VIEs) 186,773 249,455
Total current assets 3,862,492 4,080,457
PROPERTY AND EQUIPMENT:    
Land 40,175 44,167
Building and improvements 116,146 116,422
Construction equipment 580,909 570,675
Other equipment 175,832 192,247
Total property and equipment, gross 913,062 923,511
Less accumulated depreciation (483,417) (434,294)
Total property and equipment, net ($2,203 and $12,840 related to VIEs) 429,645 489,217
GOODWILL 205,143 205,143
INTANGIBLE ASSETS, NET 85,068 123,115
OTHER ASSETS 142,550 147,685
TOTAL ASSETS 4,724,898 5,045,617
CURRENT LIABILITIES:    
Current maturities of long-term debt, net of unamortized discount and debt issuance costs totaling $0 and $2,040 24,406 100,188
Accounts payable ($96,097 and $116,461 related to VIEs) 512,056 794,611
Retainage payable ($37,007 and $26,439 related to VIEs) 268,945 315,135
Billings in excess of costs and estimated earnings ($355,270 and $362,427 related to VIEs) 761,689 839,222
Accrued expenses and other current liabilities ($8,566 and $9,595 related to VIEs) 210,017 215,207
Total current liabilities 1,777,113 2,264,363
LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $17,109 and $20,209 969,248 925,277
DEFERRED INCOME TAXES 70,989 82,966
OTHER LONG-TERM LIABILITIES 233,828 230,066
TOTAL LIABILITIES 3,051,178 3,502,672
COMMITMENTS AND CONTINGENCIES (Note 8)
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 51,095,706 and 50,827,205 shares 51,096 50,827
Additional paid-in capital 1,133,150 1,127,385
Retained earnings 514,310 422,385
Accumulated other comprehensive loss (43,635) (46,741)
Total stockholders' equity 1,654,921 1,553,856
Noncontrolling interests 18,799 (10,911)
TOTAL EQUITY 1,673,720 1,542,945
TOTAL LIABILITIES AND EQUITY $ 4,724,898 $ 5,045,617