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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2013
Current Assets      
Cash and cash equivalents ($27,612, $38,800 and $98,738 related to consolidated construction joint ventures (“CCJVs”)) $ 205,780 $ 229,121 $ 260,773
Short-term marketable securities 41,143 49,968 44,841
Receivables, net ($39,014, $38,372 and $47,040 related to CCJVs) 245,281 313,598 260,231
Costs and estimated earnings in excess of billings 53,311 33,306 48,428
Inventories 77,407 62,474 66,291
Real estate held for development and sale 11,742 12,478 50,303
Deferred income taxes 55,874 55,874 36,687
Equity in construction joint ventures 168,045 162,673 171,265
Other current assets 40,142 30,711 37,401
Total current assets 898,725 950,203 976,220
Property and equipment, net ($19,801, $22,216 and $39,486 related to CCJVs) 432,398 436,859 477,666
Long-term marketable securities 65,969 67,234 57,958
Investments in affiliates 33,336 32,480 30,742
Goodwill 53,799 53,799 53,593
Other noncurrent assets 76,944 76,580 82,531
Total assets 1,561,171 1,617,155 1,678,710
Current liabilities      
Current maturities of long-term debt 21 21 8,353
Current maturities of non-recourse debt 1,226 1,226 4,132
Accounts payable ($22,136, $16,937 and $26,354 related to CCJVs) 141,241 160,706 169,940
Billings in excess of costs and estimated earnings ($43,087, $60,185 and $71,821 related to CCJVs) 125,618 138,375 124,609
Accrued expenses and other current liabilities ($7,074, $11,299 and $8,983 related to CCJVs) 193,307 197,242 188,685
Total current liabilities 461,413 497,570 495,719
Long-term debt 270,127 270,127 270,148
Long-term non-recourse debt 6,435 6,741 7,628
Other long-term liabilities 48,662 48,580 49,231
Deferred income taxes 9,803 7,793 8,055
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 39,098,549 shares as of March 31, 2014, 38,917,728 shares as of December 31, 2013 and 38,810,255 shares as of March 31, 2013 391 389 388
Additional paid-in capital 126,937 126,449 118,265
Retained earnings 629,443 655,102 685,023
Total Granite Construction Incorporated shareholders’ equity 756,771 781,940 803,676
Non-controlling interests 7,960 4,404 44,253
Total equity 764,731 786,344 847,929
Total liabilities and equity $ 1,561,171 $ 1,617,155 $ 1,678,710