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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents ($38,800 and $105,865 related to consolidated construction joint ventures (“CCJV”)) $ 229,121 $ 321,990
Short-term marketable securities 49,968 56,088
Receivables, net ($38,372 and $43,902 related to CCJVs) 313,598 325,529
Costs and estimated earnings in excess of billings 33,306 34,116
Inventories 62,474 59,785
Real estate held for development and sale 12,478 50,223
Deferred income taxes 55,874 36,687
Equity in construction joint ventures 162,673 105,805
Other current assets 30,711 31,834
Total current assets 950,203 1,022,057
Property and equipment, net ($22,216 and $41,114 related to CCJVs) 436,859 481,478
Long-term marketable securities 67,234 55,342
Investments in affiliates 32,480 30,799
Goodwill 53,799 55,419
Other noncurrent assets 76,580 84,392
Total assets 1,617,155 1,729,487
Current liabilities    
Current maturities of long-term debt 21 8,353
Current maturities of non-recourse debt 1,226 10,707
Accounts payable ($16,937 and $34,536 related to CCJVs) 160,706 202,541
Billings in excess of costs and estimated earnings ($60,185 and $72,490 related to CCJVs) 138,375 139,692
Accrued expenses and other current liabilities ($11,299 and $8,312 related to CCJVs) 197,242 169,979
Total current liabilities 497,570 531,272
Long-term debt 270,127 270,148
Long-term non-recourse debt 6,741 922
Other long-term liabilities 48,580 47,124
Deferred income taxes 7,793 8,163
Commitments and contingencies      
Equity    
Preferred stock, $0.01 par value, authorized 3,000,000 shares, none outstanding 0 0
Common stock, $0.01 par value, authorized 150,000,000 shares; issued and outstanding 38,917,728 shares as of December 31, 2013 and 38,730,665 shares as of December 31, 2012 389 387
Additional paid-in capital 126,449 117,422
Retained earnings 655,102 712,144
Total Granite Construction Incorporated shareholders’ equity 781,940 829,953
Non-controlling interests 4,404 41,905
Total equity 786,344 871,858
Total liabilities and equity $ 1,617,155 $ 1,729,487