XML 103 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenue      
Construction $ 1,251,197,000 $ 984,106,000 $ 1,043,614,000
Large Project Construction 777,811,000 863,217,000 725,043,000
Construction Materials 237,752,000 230,642,000 220,583,000
Real Estate 141,000 5,072,000 20,291,000
Total revenue 2,266,901,000 2,083,037,000 2,009,531,000
Cost of revenue      
Construction 1,144,823,000 906,143,000 919,108,000
Large Project Construction 706,003,000 714,799,000 620,935,000
Construction Materials 230,799,000 223,070,000 203,942,000
Real Estate 13,000 4,266,000 17,583,000
Total cost of revenue 2,081,638,000 1,848,278,000 1,761,568,000
Gross profit 185,263,000 234,759,000 247,963,000
Selling, general and administrative expenses 199,946,000 185,099,000 162,302,000
Operating (loss) income (54,692,000) 80,835,000 99,269,000
Other (expense) income      
Interest income 1,785,000 2,626,000 2,878,000
Interest expense (14,386,000) (10,603,000) (10,362,000)
Equity in income of affiliates 1,304,000 1,988,000 2,193,000
Other income (expense), net 1,960,000 6,183,000 (4,545,000)
Total other (expense) income (9,337,000) 194,000 (9,836,000)
(Loss) income before (benefit from) provision for income taxes (64,029,000) 81,029,000 89,433,000
(Benefit from) provision for income taxes (19,263,000) 21,109,000 23,348,000
Net (loss) income (44,766,000) 59,920,000 66,085,000
Amount attributable to non-controlling interests 8,343,000 (14,637,000) (14,924,000)
Net (loss) income attributable to Granite Construction Incorporated $ (36,423,000) $ 45,283,000 $ 51,161,000
Net income (loss) per share attributable to common shareholders (see Note 16)      
Basic (in dollars per share) $ (0.94) $ 1.17 $ 1.32
Diluted (in dollars per share) $ (0.94) $ 1.15 $ 1.31
Weighted average shares of common stock      
Weighted average common stock outstanding, basic (in shares) 38,803 38,447 38,117
Weighted average common stock outstanding, diluted (in shares) 38,803 39,076 38,473
Dividends per common share (in dollars per share) $ 0.52 $ 0.52 $ 0.52