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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Jun. 30, 2012
Current Assets      
Cash and cash equivalents ($63,806, $105,865, and $67,685 related to consolidated construction joint ventures (CCJVs)) $ 247,833 $ 321,990 $ 237,951
Short-term marketable securities 21,271 56,088 43,260
Receivables, net ($59,807, $43,902 and $26,903 related to CCJVs) 336,418 325,529 272,562
Costs and estimated earnings in excess of billings 63,341 34,116 69,688
Inventories 68,905 59,785 67,503
Real estate held for development and sale 50,697 50,223 57,367
Deferred income taxes 36,687 36,687 38,571
Equity in construction joint ventures 148,727 105,805 107,821
Other current assets 35,651 31,834 20,436
Total current assets 1,009,530 1,022,057 915,159
Property and equipment, net ($34,891, $41,114 and $6,919 related to CCJVs) 471,265 481,478 439,664
Long-term marketable securities 55,225 55,342 45,800
Investments in affiliates 31,421 30,799 28,521
Goodwill 53,598 55,419 9,900
Other noncurrent assets 80,365 84,392 68,603
Total assets 1,701,404 1,729,487 1,507,647
Current liabilities      
Current maturities of long-term debt 20 8,353 9,102
Current maturities of non-recourse debt 2,147 10,707 16,328
Accounts payable ($18,297, $34,536 and $31,135 related to CCJVs) 188,124 202,541 186,290
Billings in excess of costs and estimated earnings ($72,094, $72,490 and $17,979 related to CCJVs) 144,044 139,692 75,629
Accrued expenses and other current liabilities ($9,153, $8,312 and $3,027 related to CCJVs) 200,521 169,979 155,322
Total current liabilities 534,856 531,272 442,671
Long-term debt 270,148 270,148 200,168
Long-term non-recourse debt 7,354 922 4,641
Other long-term liabilities 46,817 47,124 47,393
Deferred income taxes 8,055 8,163 3,644
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 38,852,463 shares as of June 30, 2013, 38,730,665 shares as of December 31, 2012 and 38,684,540 shares as of June 30, 2012 389 387 387
Additional paid-in capital 121,368 117,422 112,815
Retained earnings 682,610 712,144 667,278
Total Granite Construction Incorporated shareholders' equity 804,367 829,953 780,480
Noncontrolling interests 29,807 41,905 28,650
Total equity 834,174 871,858 809,130
Total liabilities and equity $ 1,701,404 $ 1,729,487 $ 1,507,647