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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents ($173,118 and $168,408 related to VIEs) $ 380,564 $ 259,351
Restricted cash 14,116 14,480
Restricted investments 130,287 91,556
Accounts receivable ($84,014 and $54,040 related to VIEs) 1,054,014 1,171,085
Retention receivable ($161,187 and $187,615 related to VIEs) 580,926 585,556
Costs and estimated earnings in excess of billings ($58,089 and $83,911 related to VIEs) 1,143,846 1,377,528
Other current assets ($26,725 and $33,340 related to VIEs) 217,601 179,215
Total current assets 3,521,354 3,678,771
PROPERTY AND EQUIPMENT:    
Land 44,127 44,433
Building and improvements 132,639 124,429
Construction equipment 613,166 590,089
Other equipment 185,530 181,649
Total property and equipment, gross 975,462 940,600
Less accumulated depreciation (534,171) (505,512)
Total property and equipment, net ($35,135 and $22,133 related to VIEs) 441,291 435,088
GOODWILL 205,143 205,143
INTANGIBLE ASSETS, NET 68,305 70,542
DEFERRED INCOME TAXES 74,083 15,910
OTHER ASSETS 119,680 137,346
TOTAL ASSETS 4,429,856 4,542,800
CURRENT LIABILITIES:    
Current maturities of long-term debt 117,431 70,285
Accounts payable ($24,160 and $36,484 related to VIEs) 466,545 495,345
Retention payable ($22,841 and $44,859 related to VIEs) 223,138 246,562
Billings in excess of costs and estimated earnings ($439,759 and $480,839 related to VIEs) 1,103,530 975,812
Accrued expenses and other current liabilities ($18,206 and $5,082 related to VIEs) 214,309 179,523
Total current liabilities 2,124,953 1,967,527
LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $11,000 and $13,980 782,314 888,154
DEFERRED INCOME TAXES 956 4,649
OTHER LONG-TERM LIABILITIES 237,722 240,486
TOTAL LIABILITIES 3,145,945 3,100,816
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 52,025,497 and 51,521,336 shares 52,025 51,521
Additional paid-in capital 1,146,204 1,140,933
Retained earnings 133,146 304,301
Accumulated other comprehensive loss (39,787) (47,037)
Total stockholders' equity 1,291,588 1,449,718
Noncontrolling interests (7,677) (7,734)
TOTAL EQUITY 1,283,911 1,441,984
TOTAL LIABILITIES AND EQUITY $ 4,429,856 $ 4,542,800