Consolidated Statements of Cash Flows

12 Months Ended

Dec. 31, 2023

Supplemental Cash Flow Elements [Abstract]

Below are the changes in other components of working capital as shown in the Consolidated Statements of Cash Flows, as well as the supplemental disclosures of cash paid for interest, income taxes and non-cash investing activities:


	Year Ended December 31,
(in thousands)	2023		2022		2021
(Increase) Decrease in:
Accounts receivable	$	116,310	$	276,450	$	(31,972)
Retention receivable	5,666		(20,017)		78,618
Costs and estimated earnings in excess of billings	233,682		(20,760)		(120,034)
Other current assets	(37,460)		8,516		62,371
(Decrease) Increase in:
Accounts payable	(28,800)		(15,783)		(283,482)
Retention payable	(23,424)		(22,383)		(46,190)
Billings in excess of costs and estimated earnings	127,718		214,123		(77,533)
Accrued expenses and other current liabilities	35,218		(29,722)		(4,005)
Changes in other components of working capital	$	428,910	$	390,424	$	(422,227)

Supplemental disclosures:
Interest paid	$	80,286	$	64,764	$	63,762
Income taxes paid (refunded), net	$	828	$	9,952	$	(8,299)

Non-cash investing activities:
Receivable recognized from sale of subsidiary	$	—	$	—	$	4,163