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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
Current Assets      
Cash and cash equivalents ($50,065, $46,210 and $46,963 related to consolidated construction joint ventures (“CCJVs”)) $ 161,218 $ 252,836 $ 188,147
Short-term marketable securities 34,959 25,043 17,560
Receivables, net ($59,923, $45,734 and $36,978 related to CCJVs) 431,127 340,822 362,336
Costs and estimated earnings in excess of billings 86,025 59,070 60,093
Inventories 64,711 55,553 71,022
Equity in construction joint ventures 245,509 224,689 209,016
Other current assets ($8,940, $4,863 and $2,562 related to CCJVs) 31,949 26,985 33,885
Total current assets 1,055,498 984,998 942,059
Property and equipment, net ($13,420, $5,378 and $7,474 related to CCJVs) 409,860 385,129 391,989
Long-term marketable securities 42,653 80,652 70,508
Investments in affiliates 34,517 33,182 32,655
Goodwill 53,799 53,799 53,799
Deferred Tax Assets, Net 5,407 4,329 32,616
Other noncurrent assets 84,095 84,789 74,912
Total assets 1,685,829 1,626,878 1,598,538
Current liabilities      
Current maturities of long-term debt 14,795 14,800 22
Accounts payable ($25,061, $11,909 and $12,554 related to CCJVs) 210,923 157,571 170,474
Billings in excess of costs and estimated earnings ($18,687, $15,768 and $23,947 related to CCJVs) 90,484 92,515 106,086
Accrued expenses and other current liabilities ($1,529, $1,171 and $1,388 related to CCJVs) 212,986 200,935 201,259
Total current liabilities 529,188 465,821 477,841
Long-term debt 241,907 244,323 269,566
Other long-term liabilities 45,719 46,613 42,851
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: 39,597,469 shares as of June 30, 2016, 39,412,877 shares as of December 31, 2015 and 39,372,298 shares as of June 30, 2015 396 394 394
Additional paid-in capital 145,972 140,912 137,012
Accumulated other comprehensive loss (1,811) (1,500) (798)
Retained earnings 691,924 699,431 650,357
Total Granite Construction Incorporated shareholders’ equity 836,481 839,237 786,965
Non-controlling interests 32,534 30,884 21,315
Total equity 869,015 870,121 808,280
Total liabilities and equity $ 1,685,829 $ 1,626,878 $ 1,598,538