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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents ($163,088 and $168,408 related to variable interest entities (“VIEs”)) $ 263,545 $ 259,351
Restricted cash 10,914 14,480
Restricted investments 97,293 91,556
Accounts receivable ($80,770 and $54,040 related to VIEs) 1,226,636 1,171,085
Retention receivable ($153,699 and $187,615 related to VIEs) 557,358 585,556
Costs and estimated earnings in excess of billings ($72,051 and $83,911 related to VIEs) 1,224,663 1,377,528
Other current assets ($30,813 and $33,340 related to VIEs) 165,760 179,215
Total current assets 3,546,169 3,678,771
PROPERTY AND EQUIPMENT (“P&E”), net of accumulated depreciation of $520,109 and $505,512 (net P&E of $31,883 and $22,133 related to VIEs) 444,615 435,088
GOODWILL 205,143 205,143
INTANGIBLE ASSETS, NET 69,424 70,542
OTHER ASSETS 203,164 153,256
TOTAL ASSETS 4,468,515 4,542,800
CURRENT LIABILITIES:    
Current maturities of long-term debt 20,634 70,285
Accounts payable ($33,178 and $36,484 related to VIEs) 487,769 495,345
Retention payable ($32,589 and $44,859 related to VIEs) 226,036 246,562
Billings in excess of costs and estimated earnings ($468,399 and $480,839 related to VIEs) 1,025,252 975,812
Accrued expenses and other current liabilities ($7,181 and $5,082 related to VIEs) 196,450 179,523
Total current liabilities 1,956,141 1,967,527
LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $12,330 and $13,980 905,623 888,154
OTHER LONG-TERM LIABILITIES 238,550 245,135
TOTAL LIABILITIES 3,100,314 3,100,816
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 51,969,840 and 51,521,336 shares 51,970 51,521
Additional paid-in capital 1,143,532 1,140,933
Retained earnings 217,571 304,301
Accumulated other comprehensive loss (45,479) (47,037)
Total stockholders' equity 1,367,594 1,449,718
Noncontrolling interests 607 (7,734)
TOTAL EQUITY 1,368,201 1,441,984
TOTAL LIABILITIES AND EQUITY $ 4,468,515 $ 4,542,800