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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents ($168,408 and $102,679 related to VIEs) $ 259,351 $ 202,197
Restricted cash 14,480 9,199
Restricted investments 91,556 84,355
Accounts receivable ($54,040 and $116,415 related to VIEs) 1,171,085 1,454,319
Retention receivable ($187,615 and $162,259 related to VIEs) 585,556 568,881
Costs and estimated earnings in excess of billings ($83,911 and $143,105 related to VIEs) 1,377,528 1,356,768
Other current assets ($33,340 and $43,718 related to VIEs) 179,215 186,773
Total current assets 3,678,771 3,862,492
PROPERTY AND EQUIPMENT:    
Land 44,433 40,175
Building and improvements 124,429 116,146
Construction equipment 590,089 580,909
Other equipment 181,649 175,832
Total property and equipment, gross 940,600 913,062
Less accumulated depreciation (505,512) (483,417)
Total property and equipment, net ($22,133 and $2,203 related to VIEs) 435,088 429,645
GOODWILL 205,143 205,143
INTANGIBLE ASSETS, NET 70,542 85,068
OTHER ASSETS 153,256 142,550
TOTAL ASSETS 4,542,800 4,724,898
CURRENT LIABILITIES:    
Current maturities of long-term debt 70,285 24,406
Accounts payable ($36,484 and $96,097 related to VIEs) 495,345 512,056
Retention payable ($44,859 and $37,007 related to VIEs) 246,562 268,945
Billings in excess of costs and estimated earnings ($480,839 and $355,270 related to VIEs) 975,812 761,689
Accrued expenses and other current liabilities ($5,082 and $8,566 related to VIEs) 179,523 210,017
Total current liabilities 1,967,527 1,777,113
LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $13,980 and $17,109 888,154 969,248
DEFERRED INCOME TAXES 4,649 70,989
OTHER LONG-TERM LIABILITIES 240,486 233,828
TOTAL LIABILITIES 3,100,816 3,051,178
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 51,521,336 and 51,095,706 shares 51,521 51,096
Additional paid-in capital 1,140,933 1,133,150
Retained earnings 304,301 514,310
Accumulated other comprehensive loss (47,037) (43,635)
Total stockholders' equity 1,449,718 1,654,921
Noncontrolling interests (7,734) 18,799
TOTAL EQUITY 1,441,984 1,673,720
TOTAL LIABILITIES AND EQUITY $ 4,542,800 $ 4,724,898