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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Current assets      
Cash and cash equivalents $ 452,928 $ 436,136 $ 242,604
Short-term marketable securities 0 0 5,000
Receivables, net 475,160 540,812 477,718
Contract assets 185,220 164,939 226,518
Inventories 86,611 82,362 98,765
Equity in construction joint ventures 186,536 188,798 190,458
Other current assets 64,286 42,199 60,001
Total current assets 1,450,741 1,455,246 1,301,064
Property and equipment, net 528,173 527,016 534,958
Long-term marketable securities 11,300 5,200 0
Investments in affiliates 75,159 75,287 73,249
Goodwill 116,807 116,777 248,339
Right of use assets 57,050 62,256 72,945
Deferred income taxes, net 41,361 41,839 51,675
Other noncurrent assets 93,093 96,375 102,145
Total assets 2,373,684 2,379,996 2,384,375
Current liabilities      
Current maturities of long-term debt 8,700 8,278 8,253
Accounts payable 306,834 359,160 312,105
Contract liabilities 160,149 171,321 133,811
Accrued expenses and other current liabilities 524,452 404,497 355,393
Total current liabilities 1,000,135 943,256 809,562
Long-term debt 331,647 330,522 355,911
Long-term lease liabilities 41,707 46,769 57,985
Deferred income taxes, net 3,167 3,155 3,318
Other long-term liabilities 65,833 64,684 57,795
Commitments and contingencies (see Note 16)
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: 45,791,712 shares as of March 31, 2021, 45,668,541 shares as of December 31, 2020 and 45,592,292 shares as of March 31, 2020 458 457 457
Additional paid-in capital 554,186 555,407 551,189
Accumulated other comprehensive loss (3,714) (5,035) (6,538)
Retained earnings 352,610 424,835 522,639
Total Granite Construction Incorporated shareholders’ equity 903,540 975,664 1,067,747
Non-controlling interests 27,655 15,946 32,057
Total equity 931,195 991,610 1,099,804
Total liabilities and equity $ 2,373,684 $ 2,379,996 $ 2,384,375