XML 20 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents ($167,391 and $102,679 related to variable interest entities (“VIEs”)) $ 316,499 $ 202,197
Restricted cash 4,870 9,199
Restricted investments 85,075 84,355
Accounts receivable ($102,702 and $116,415 related to VIEs) 1,413,246 1,454,319
Retention receivable ($169,106 and $162,259 related to VIEs) 542,301 568,881
Costs and estimated earnings in excess of billings ($121,545 and $143,105 related to VIEs) 1,356,607 1,356,768
Other current assets ($42,356 and $43,718 related to VIEs) 216,400 186,773
Total current assets 3,934,998 3,862,492
PROPERTY AND EQUIPMENT (“P&E”), net of accumulated depreciation of $496,617 and $483,417 (net P&E of $4,595 and $2,203 related to VIEs) 425,966 429,645
GOODWILL 205,143 205,143
INTANGIBLE ASSETS, NET 79,563 85,068
OTHER ASSETS 146,488 142,550
TOTAL ASSETS 4,792,158 4,724,898
CURRENT LIABILITIES:    
Current maturities of long-term debt 23,285 24,406
Accounts payable ($73,743 and $96,097 related to VIEs) 559,152 512,056
Retention payable ($38,461 and $37,007 related to VIEs) 228,690 268,945
Billings in excess of costs and estimated earnings ($390,885 and $355,270 related to VIEs) 844,618 761,689
Accrued expenses and other current liabilities ($10,088 and $8,566 related to VIEs) 199,412 210,017
Total current liabilities 1,855,157 1,777,113
LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $16,350 and $17,109 979,769 969,248
DEFERRED INCOME TAXES 69,890 70,989
OTHER LONG-TERM LIABILITIES 240,821 233,828
TOTAL LIABILITIES 3,145,637 3,051,178
COMMITMENTS AND CONTINGENCIES (NOTE 10)
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 51,200,161 and 51,095,706 shares 51,200 51,096
Additional paid-in capital 1,134,688 1,133,150
Retained earnings 492,676 514,310
Accumulated other comprehensive loss (46,745) (43,635)
Total stockholders' equity 1,631,819 1,654,921
Noncontrolling interests 14,702 18,799
TOTAL EQUITY 1,646,521 1,673,720
TOTAL LIABILITIES AND EQUITY $ 4,792,158 $ 4,724,898