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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents ($169,266 and $102,679 related to variable interest entities (“VIEs”)) $ 309,267 $ 202,197
Restricted cash 4,485 9,199
Restricted investments 84,498 84,355
Accounts receivable ($99,872 and $116,415 related to VIEs) 1,337,017 1,454,319
Retention receivable ($178,575 and $162,259 related to VIEs) 552,695 568,881
Costs and estimated earnings in excess of billings ($67,874 and $143,105 related to VIEs) 1,372,640 1,356,768
Other current assets ($42,844 and $43,718 related to VIEs) 207,881 186,773
Total current assets 3,868,483 3,862,492
PROPERTY AND EQUIPMENT (“P&E”), net of accumulated depreciation of $507,400 and $483,417 (net P&E of $13,905 and $2,203 related to VIEs) 427,894 429,645
GOODWILL 205,143 205,143
INTANGIBLE ASSETS, NET 74,891 85,068
OTHER ASSETS 143,272 142,550
TOTAL ASSETS 4,719,683 4,724,898
CURRENT LIABILITIES:    
Current maturities of long-term debt 30,565 24,406
Accounts payable ($66,971 and $96,097 related to VIEs) 555,365 512,056
Retention payable ($39,580 and $37,007 related to VIEs) 227,725 268,945
Billings in excess of costs and estimated earnings ($458,713 and $355,270 related to VIEs) 956,735 761,689
Accrued expenses and other current liabilities ($10,880 and $8,566 related to VIEs) 192,931 210,017
Total current liabilities 1,963,321 1,777,113
LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $15,575 and $17,109 937,743 969,248
DEFERRED INCOME TAXES 6,836 70,989
OTHER LONG-TERM LIABILITIES 243,837 233,828
TOTAL LIABILITIES 3,151,737 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 51,357,691 and 51,095,706 shares 51,358 51,096
Additional paid-in capital 1,137,966 1,133,150
Retained earnings 429,673 514,310
Accumulated other comprehensive loss (48,963) (43,635)
Total stockholders' equity 1,570,034 1,654,921
Noncontrolling interests (2,088) 18,799
TOTAL EQUITY 1,567,946 1,673,720
TOTAL LIABILITIES AND EQUITY $ 4,719,683 $ 4,724,898