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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2020
Current assets      
Cash and cash equivalents $ 393,181 $ 436,136 $ 288,922
Receivables, net 646,940 540,812 596,922
Contract assets 194,483 164,939 191,919
Inventories 88,424 82,362 105,023
Equity in construction joint ventures 195,430 188,798 183,542
Other current assets 47,976 42,199 57,614
Total current assets 1,566,434 1,455,246 1,423,942
Property and equipment, net 517,143 527,016 540,053
Long-term marketable securities 10,850 5,200 5,896
Investments in affiliates 75,625 75,287 74,511
Goodwill 116,839 116,777 248,690
Right of use assets 59,219 62,256 72,244
Deferred income taxes, net 41,085 41,839 40,926
Other noncurrent assets 91,703 96,375 102,392
Total assets 2,478,898 2,379,996 2,508,654
Current liabilities      
Current maturities of long-term debt 8,709 8,278 8,253
Accounts payable 379,008 359,160 358,401
Contract liabilities 174,850 171,321 159,818
Accrued expenses and other current liabilities 485,718 404,497 363,128
Total current liabilities 1,048,285 943,256 889,600
Long-term debt 331,222 330,522 405,770
Long-term lease liabilities 41,816 46,769 56,071
Deferred income taxes, net 3,166 3,155 3,335
Other long-term liabilities 66,167 64,684 63,118
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: 45,818,719 shares as of June 30, 2021, 45,668,541 shares as of December 31, 2020 and 45,651,914 shares as of June 30, 2020 458 457 458
Additional paid-in capital 556,615 555,407 553,038
Accumulated other comprehensive loss (2,750) (5,035) (5,800)
Retained earnings 401,061 424,835 520,025
Total Granite Construction Incorporated shareholders’ equity 955,384 975,664 1,067,721
Non-controlling interests 32,858 15,946 23,039
Total equity 988,242 991,610 1,090,760
Total liabilities and equity $ 2,478,898 $ 2,379,996 $ 2,508,654