XML 216 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents ($158,943 and $102,679 related to variable interest entities (“VIEs”)) $ 323,200 $ 202,197
Restricted cash 21,817 9,199
Restricted investments 79,562 84,355
Accounts receivable ($65,059 and $116,415 related to VIEs) 1,252,943 1,454,319
Retention receivable ($184,797 and $162,259 related to VIEs) 583,789 568,881
Costs and estimated earnings in excess of billings ($97,510 and $143,105 related to VIEs) 1,448,341 1,356,768
Other current assets ($37,816 and $43,718 related to VIEs) 196,401 186,773
Total current assets 3,906,053 3,862,492
PROPERTY AND EQUIPMENT (“P&E”), net of accumulated depreciation of $500,692 and $483,417 (net P&E of $16,016 and $2,203 related to VIEs) 429,911 429,645
GOODWILL 205,143 205,143
INTANGIBLE ASSETS, NET 71,102 85,068
OTHER ASSETS 148,765 142,550
TOTAL ASSETS 4,760,974 4,724,898
CURRENT LIABILITIES:    
Current maturities of long-term debt 26,875 24,406
Accounts payable ($62,943 and $96,097 related to VIEs) 589,689 512,056
Retention payable ($43,174 and $37,007 related to VIEs) 241,518 268,945
Billings in excess of costs and estimated earnings ($468,130 and $355,270 related to VIEs) 966,065 761,689
Accrued expenses and other current liabilities ($10,675 and $8,566 related to VIEs) 216,922 210,017
Total current liabilities 2,041,069 1,777,113
LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $14,784 and $17,109 934,259 969,248
DEFERRED INCOME TAXES 13,760 70,989
OTHER LONG-TERM LIABILITIES 252,523 233,828
TOTAL LIABILITIES 3,241,611 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 51,485,216 and 51,095,706 shares 51,485 51,096
Additional paid-in capital 1,139,905 1,133,150
Retained earnings 397,218 514,310
Accumulated other comprehensive loss (52,017) (43,635)
Total stockholders' equity 1,536,591 1,654,921
Noncontrolling interests (17,228) 18,799
TOTAL EQUITY 1,519,363 1,673,720
TOTAL LIABILITIES AND EQUITY $ 4,760,974 $ 4,724,898