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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Current assets      
Cash and cash equivalents $ 464,049 $ 436,136 $ 388,024
Receivables, net 684,822 540,812 661,948
Contract assets 204,046 164,939 159,939
Inventories 77,412 82,362 102,111
Equity in construction joint ventures 195,354 188,798 184,980
Other current assets 39,749 42,199 48,300
Total current assets 1,665,432 1,455,246 1,545,302
Property and equipment, net 510,658 527,016 536,256
Long-term marketable securities 10,600 5,200 5,700
Investments in affiliates 72,415 75,287 76,464
Goodwill 116,788 116,777 116,691
Right of use assets 58,226 62,256 68,276
Deferred income taxes, net 41,228 41,839 39,439
Other noncurrent assets 86,409 96,375 100,145
Total assets 2,561,756 2,379,996 2,488,273
Current liabilities      
Current maturities of long-term debt 8,718 8,278 8,253
Accounts payable 397,152 359,160 385,259
Contract liabilities 195,267 171,321 189,430
Accrued expenses and other current liabilities 499,214 404,497 391,651
Total current liabilities 1,100,351 943,256 974,593
Long-term debt 331,192 330,522 405,644
Long-term lease liabilities 39,908 46,769 51,879
Deferred income taxes, net 3,168 3,155 3,417
Other long-term liabilities 64,783 64,684 63,741
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: 45,826,409 shares as of September 30, 2021, 45,668,541 shares as of December 31, 2020 and 45,655,682 shares as of September 30, 2020 458 457 457
Additional paid-in capital 558,121 555,407 554,303
Accumulated other comprehensive loss (3,468) (5,035) (6,000)
Retained earnings 430,074 424,835 422,846
Total Granite Construction Incorporated shareholders’ equity 985,185 975,664 971,606
Non-controlling interests 37,169 15,946 17,393
Total equity 1,022,354 991,610 988,999
Total liabilities and equity $ 2,561,756 $ 2,379,996 $ 2,488,273