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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Total revenue $ 1,062,129 $ 1,065,189 $ 2,696,214 $ 2,616,887
Cost of revenue        
Total cost of revenue 942,194 939,192 2,396,015 2,378,748
Gross profit 119,935 125,997 300,199 238,139
Selling, general and administrative expenses 77,603 72,889 227,400 224,128
Non-cash impairment charges (see Note 3) 0 132,277 0 156,690
Other costs (see Note 3) 3,759 9,689 85,547 28,513
Gain on sales of property and equipment, net (see Note 12) (5,159) (3,057) (39,349) (4,870)
Operating income (loss) 43,732 (85,801) 26,601 (166,322)
Other (income) expense        
Interest income (293) (755) (737) (2,813)
Interest expense 5,131 6,359 16,019 17,902
Equity in income of affiliates, net (2,539) (2,353) (10,578) (4,415)
Other expense (income), net 106 (1,967) (3,018) 92
Total other expense, net 2,405 1,284 1,686 10,766
Income (loss) before provision for (benefit from) income taxes 41,327 (87,085) 24,915 (177,088)
Provision for (benefit from) income taxes 8,904 11,272 2,068 (5,220)
Net income (loss) 32,423 (98,357) 22,847 (171,868)
Amount attributable to non-controlling interests 2,620 7,195 462 18,741
Net income (loss) attributable to Granite Construction Incorporated $ 35,043 $ (91,162) $ 23,309 $ (153,127)
Net income (loss) per share attributable to common shareholders (see Note 14)        
Basic (in dollars per share) $ 0.76 $ (2.00) $ 0.51 $ (3.36)
Diluted (in dollars per share) $ 0.73 $ (2.00) $ 0.49 $ (3.36)
Weighted average shares of common stock        
Basic (in shares) 45,821 45,654 45,773 45,598
Diluted (in shares) 47,906 45,654 47,522 45,598
Transportation [Member]        
Revenue        
Total revenue $ 568,186 $ 623,999 $ 1,444,450 $ 1,510,001
Cost of revenue        
Total cost of revenue 509,683 569,677 1,290,564 1,399,113
Water [Member]        
Revenue        
Total revenue 121,968 106,599 335,153 317,980
Cost of revenue        
Total cost of revenue 112,092 94,042 306,148 283,497
Specialty [Member]        
Revenue        
Total revenue 234,300 205,134 590,245 513,087
Cost of revenue        
Total cost of revenue 203,442 171,842 517,693 465,234
Materials [Member]        
Revenue        
Total revenue 137,675 129,457 326,366 275,819
Cost of revenue        
Total cost of revenue $ 116,977 $ 103,631 $ 281,610 $ 230,904