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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Mar. 31, 2012
Current Assets      
Cash and cash equivalents ($98,738, $105,865, and $69,423 related to consolidated construction joint ventures (CCJVs)) $ 260,773 $ 321,990 $ 226,226
Short-term marketable securities 44,841 56,088 70,444
Receivables, net ($47,040, $43,902 and $36,740 related to CCJVs) 260,231 325,529 208,707
Costs and estimated earnings in excess of billings 48,428 34,116 49,962
Inventories 66,291 59,785 67,782
Real estate held for development and sale 50,303 50,223 58,363
Deferred income taxes 36,687 36,687 38,571
Equity in construction joint ventures 171,265 105,805 91,951
Other current assets 37,401 31,834 34,882
Total current assets 976,220 1,022,057 846,888
Property and equipment, net ($6,661, $8,671 and $9,821 related to CCJVs) 477,666 481,478 442,132
Long-term marketable securities 57,958 55,342 70,114
Investments in affiliates 30,742 30,799 30,972
Goodwill 53,593 55,419 9,900
Other noncurrent assets 82,531 84,392 69,949
Total assets 1,678,710 1,729,487 1,469,955
Current liabilities      
Current maturities of long-term debt 8,353 8,353 9,102
Current maturities of non-recourse debt 4,132 10,707 19,765
Accounts payable ($26,354, $34,536 and $28,591 related to CCJVs) 169,940 202,541 129,480
Billings in excess of costs and estimated earnings ($71,821, $72,490 and $24,827 related to CCJVs) 124,609 139,692 87,370
Accrued expenses and other current liabilities ($3,495, $5,129 and $5,997 related to CCJVs) 188,685 169,979 148,196
Total current liabilities 495,719 531,272 393,913
Long-term debt 270,148 270,148 208,501
Long-term non-recourse debt 7,628 922 1,371
Other long-term liabilities 49,231 47,124 50,011
Deferred income taxes 8,055 8,163 3,393
Commitments and contingencies         
Equity      
Preferred stock, $0.01 par value, authorized 3,000,000 shares, none outstanding 0 0 0
Common stock, $0.01 par value, authorized 150,000,000 shares; issued and outstanding 38,810,255 shares as of March 31, 2013, 38,730,665 shares as of December 31, 2012 and 38,621,370 shares as of March 31, 2012 388 387 386
Additional paid-in capital 118,265 117,422 110,432
Retained earnings 685,023 712,144 670,462
Total Granite Construction Incorporated shareholders' equity 803,676 829,953 781,280
Noncontrolling interests 44,253 41,905 31,486
Total equity 847,929 871,858 812,766
Total liabilities and equity $ 1,678,710 $ 1,729,487 $ 1,469,955