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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2013
Current Assets      
Cash and cash equivalents ($29,518, $38,800 and $57,133 related to consolidated construction joint ventures (“CCJVs”)) $ 167,174 $ 229,121 $ 212,463
Short-term marketable securities 27,950 49,968 22,892
Receivables, net ($45,483, $38,372 and $47,696 related to CCJVs) 417,628 313,598 422,609
Costs and estimated earnings in excess of billings ($21,105, $178 and $81 related to CCJVs) 62,823 33,306 40,837
Inventories 74,605 62,474 61,667
Real estate held for development and sale 11,773 12,478 50,250
Deferred income taxes 55,874 55,874 36,687
Equity in construction joint ventures 181,259 162,673 161,063
Other current assets 21,743 30,711 32,836
Total current assets 1,020,829 950,203 1,041,304
Property and equipment, net ($16,172, $22,216 and $28,194 related to CCJVs) 424,272 436,859 458,024
Long-term marketable securities 74,140 67,234 64,014
Investments in affiliates 34,177 32,480 31,338
Goodwill 53,799 53,799 53,799
Other noncurrent assets 75,826 76,580 78,655
Total assets 1,683,043 1,617,155 1,727,134
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 ($22,951, $16,937 and $20,075 related to CCJVs) 205,493 160,706 198,282
Billings in excess of costs and estimated earnings ($23,138, $60,185 and $70,518 related to CCJVs) 115,809 138,375 146,343
Accrued expenses and other current liabilities ($3,110, $11,299 and $12,816 related to CCJVs) 221,618 197,242 219,169
Total current liabilities 544,167 497,570 565,961
Long-term debt 270,127 270,127 270,148
Long-term non-recourse debt 5,822 6,741 7,048
Other long-term liabilities 45,887 48,580 46,474
Deferred income taxes 9,977 7,793 7,988
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 39,152,255 shares as of September 30, 2014, 38,917,728 shares as of December 31, 2013 and 38,878,194 shares as of September 30, 2013 391 389 388
Additional paid-in capital 132,396 126,449 123,681
Retained earnings 648,017 655,102 689,181
Total Granite Construction Incorporated shareholders’ equity 780,804 781,940 813,250
Non-controlling interests 26,259 4,404 16,265
Total equity 807,063 786,344 829,515
Total liabilities and equity $ 1,683,043 $ 1,617,155 $ 1,727,134