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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Current assets      
Cash and cash equivalents $ 360,911 $ 395,647 $ 440,833
Short-term marketable securities 14,953 0 0
Receivables, net 380,502 464,588 393,283
Contract assets 180,023 145,437 144,780
Inventories 74,356 61,965 65,977
Equity in construction joint ventures 191,183 189,911 186,536
Other current assets 179,024 177,210 59,938
Current assets held-for-sale 211,774 392,641 159,394
Total current assets 1,592,726 1,827,399 1,450,741
Property and equipment, net 450,250 433,504 426,953
Long-term marketable securities 21,775 15,600 11,300
Investments in affiliates 22,987 23,368 27,760
Goodwill 53,715 53,715 53,715
Right of use assets 48,920 49,312 48,688
Deferred income taxes, net 25,880 24,141 40,306
Other noncurrent assets 65,888 67,888 69,291
Noncurrent assets held-for-sale   0 244,930
Total assets 2,282,141 2,494,927 2,373,684
Current liabilities      
Current maturities of long-term debt 8,735 8,727 8,700
Accounts payable 285,390 324,313 269,497
Contract liabilities 165,358 200,041 153,633
Accrued expenses and other current liabilities 439,525 452,829 499,827
Current liabilities held-for-sale 40,246 83,408 68,478
Total current liabilities 939,254 1,069,318 1,000,135
Long-term debt 290,549 331,191 331,647
Long-term lease liabilities 32,682 32,928 35,540
Other long-term liabilities 62,493 65,927 64,442
Long-term liabilities held-for-sale   0 10,725
Commitments and contingencies (see Note 18)
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: 45,364,137 shares as of March 31, 2022, 45,840,260 shares as of December 31, 2021 and 45,791,712 shares as of March 31, 2021 454 458 458
Additional paid-in capital 515,262 559,752 554,186
Accumulated other comprehensive income (loss) 1,573 (3,359) (3,714)
Retained earnings 402,550 410,831 352,610
Total Granite Construction Incorporated shareholders’ equity 919,839 967,682 903,540
Non-controlling interests 37,324 27,881 27,655
Total equity 957,163 995,563 931,195
Total liabilities and equity $ 2,282,141 $ 2,494,927 $ 2,373,684