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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 417,663 $ 293,991
Short-term marketable securities 35,863 39,374
Receivables, net 598,705 463,987
Contract assets ($68,520 and $80,306 related to CCJVs) 262,987 241,916
Inventories 103,898 86,809
Equity in unconsolidated construction joint ventures 171,233 183,808
Other current assets ($5,590 and $5,694 related to CCJVs) 53,102 37,411
Total current assets 1,643,451 1,347,296
Property and equipment, net ($7,557 and $7,834 related to CCJVs) 662,864 509,210
Long-term marketable securities 0 26,569
Investments in affiliates 92,910 80,725
Goodwill 155,004 73,703
Intangible assets 117,322 9,212
Right of use assets 78,176 49,079
Deferred income taxes, net 8,179 22,208
Other noncurrent assets 55,634 49,931
Total assets 2,813,540 2,167,933
Current liabilities    
Current maturities of long-term debt 39,932 1,447
Accounts payable ($62,755 and $57,534 related to CCJVs) 408,363 334,392
Contract liabilities ($50,929 and $62,675 related to CCJVs) 243,848 173,286
Accrued expenses and other current liabilities ($5,426 and $8,451 related to CCJVs) 337,740 288,469
Total current liabilities 1,029,883 797,594
Long-term debt 614,781 286,934
Long-term lease liabilities 63,548 32,170
Deferred income taxes, net 3,708 1,891
Other long-term liabilities 74,654 64,199
Commitments and contingencies
Equity    
Preferred stock, $0.01 par value, authorized 3,000,000 shares, none outstanding 0 0
Common stock, $0.01 par value, authorized 150,000,000 shares; issued and outstanding: 43,944,118 shares as of December 31, 2023 and 43,743,907 shares as of December 31, 2022 439 437
Additional paid-in capital 474,134 470,407
Accumulated other comprehensive income 881 788
Retained earnings 501,844 481,384
Total Granite Construction Incorporated shareholders’ equity 977,298 953,016
Non-controlling interests 49,668 32,129
Total equity 1,026,966 985,145
Total liabilities and equity $ 2,813,540 $ 2,167,933