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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 395,647 $ 425,292
Receivables, net 464,588 437,558
Contract assets 145,437 132,097
Inventories 61,965 62,471
Equity in construction joint ventures 189,911 188,798
Other current assets 177,210 37,767
Current assets held-for-sale 392,641 171,263
Total current assets 1,827,399 1,455,246
Property and equipment, net 433,504 421,149
Long-term marketable securities 15,600 5,200
Investments in affiliates 23,368 27,637
Goodwill 53,715 53,715
Right of use assets 49,312 52,987
Deferred income taxes, net 24,141 43,111
Other noncurrent assets 67,888 68,847
Noncurrent assets held-for-sale   252,104
Total assets 2,494,927 2,379,996
Current liabilities    
Current maturities of long-term debt 8,727 8,278
Accounts payable 324,313 321,347
Contract liabilities 200,041 162,925
Accrued expenses and other current liabilities 452,829 381,747
Current liabilities held-for-sale 83,408 68,959
Total current liabilities 1,069,318 943,256
Long-term debt 331,191 330,522
Long-term lease liabilities 32,928 39,816
Deferred income taxes, net 1,856 2,022
Other long-term liabilities 64,071 62,420
Long-term liabilities held-for-sale   10,350
Commitments and contingencies (see Note 20)
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: 45,840,260 shares as of December 31, 2021 and 45,668,541 shares as of December 31, 2020 458 457
Additional paid-in capital 559,752 555,407
Accumulated other comprehensive loss (3,359) (5,035)
Retained earnings 410,831 424,835
Total Granite Construction Incorporated shareholders’ equity 967,682 975,664
Non-controlling interests 27,881 15,946
Total equity 995,563 991,610
Total liabilities and equity $ 2,494,927 $ 2,379,996