CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014		Dec. 31, 2013		Jun. 30, 2013
Current Assets
Cash and cash equivalents ($29,109, $38,800 and $63,806 related to consolidated construction joint ventures (“CCJVs”))	$ 146,458		$ 229,121		$ 247,833
Short-term marketable securities	27,898		49,968		21,271
Receivables, net ($45,825, $38,372, and $59,807 related to CCJVs)	363,614		313,598		336,418
Costs and estimated earnings in excess of billings	76,228		33,306		62,426
Inventories	79,501		62,474		68,905
Real estate held for development and sale	11,761		12,478		50,696
Deferred income taxes	55,874		55,874		36,687
Equity in construction joint ventures	185,859	[1]	162,673	[1]	148,727
Other current assets	30,727		30,711		36,203
Total current assets	977,920		950,203		1,009,166
Property and equipment, net ($16,957, $22,216, and $34,891 related to CCJVs)	426,700		436,859		470,893
Long-term marketable securities	84,234		67,234		55,225
Investments in affiliates	33,936		32,480		31,421
Goodwill	53,799		53,799		53,598
Other noncurrent assets	76,797		76,580		80,365
Total assets	1,653,386		1,617,155		1,700,668
Current liabilities
Current maturities of long-term debt	21		21		20
Current maturities of non-recourse debt	1,226		1,226		2,147
Accounts payable ($26,246, $16,937, and $18,297 related to CCJVs)	210,777		160,706		188,124
Billings in excess of costs and estimated earnings ($27,876, $60,185, $72,094 related to CCJVs)	125,957		138,375		144,462
Accrued expenses and other current liabilities ($3,805, $11,299, and $9,153 related to CCJVs)	187,348		197,242		200,758
Total current liabilities	525,329		497,570		535,511
Long-term debt	270,127		270,127		270,148
Long-term non-recourse debt	6,129		6,741		7,354
Other long-term liabilities	48,455		48,580		46,817
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 39,131,647 shares as of June 30, 2014, 38,917,728 shares as of December 31, 2013 and 38,852,463 shares as of June 30, 2013	391		389		389
Additional paid-in capital	130,181		126,449		121,368
Retained earnings	637,905		655,102		681,311
Total Granite Construction Incorporated shareholders’ equity	768,477		781,940		803,068
Non-controlling interests	25,066		4,404		29,715
Total equity	793,543		786,344		832,783
Total liabilities and equity	$ 1,653,386		$ 1,617,155		$ 1,700,668

[1] ventures:(in thousands) June 30, 2014 December 31, 2013 June 30, 2013Assets: Cash and cash equivalents1 $226,217 $385,094 $342,534Other assets 637,896 523,827 439,812Less partners’ interest 572,753 612,530 512,775Granite’s interest 291,360 296,391 269,571Liabilities: Accounts payable 133,914 155,985 115,606Billings in excess of costs and estimated earnings1 162,951 245,341 262,259Other liabilities 63,501 104,152 25,500Less partners’ interest 254,865 371,760 282,521Granite’s interest 105,501 133,718 120,844Equity in construction joint ventures $185,859 $162,673 $148,727 1The volume and stage of completion of contracts from our unconsolidated construction joint ventures may cause fluctuations in cash and cash equivalents as well as billings in excess of costs and estimated earnings between periods. The decision to distribute joint venture cash and cash equivalents and assets must generally be made jointly by all of the partners and, accordingly, these cash and cash equivalents and assets generally are not available for the working capital needs of Granite unt