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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Current assets      
Cash and cash equivalents $ 175,022 $ 395,647 $ 377,620
Short-term marketable securities 45,000 0 0
Receivables, net 527,277 464,588 543,914
Contract assets 190,187 145,437 154,542
Inventories 78,634 61,965 66,584
Equity in construction joint ventures 187,028 189,911 195,430
Other current assets 167,349 177,210 44,076
Current assets held-for-sale 222,779 392,641 184,267
Total current assets 1,593,276 1,827,399 1,566,433
Property and equipment, net 464,593 433,504 432,896
Long-term marketable securities 21,675 15,600 10,850
Investments in affiliates 23,203 23,368 25,317
Goodwill 53,715 53,715 53,715
Right of use assets 45,404 49,312 47,181
Deferred income taxes, net 25,458 24,141 42,230
Other noncurrent assets 64,008 67,888 70,148
Noncurrent assets held-for-sale   0 230,128
Total assets 2,291,332 2,494,927 2,478,898
Current liabilities      
Current maturities of long-term debt 1,429 8,727 8,709
Accounts payable 331,728 324,313 334,158
Contract liabilities 179,322 200,041 166,415
Accrued expenses and other current liabilities 435,061 452,829 459,517
Current liabilities held-for-sale 46,706 83,408 79,487
Total current liabilities 994,246 1,069,318 1,048,286
Long-term debt 286,801 331,191 331,222
Long-term lease liabilities 31,182 32,928 33,577
Other long-term liabilities 61,868 65,927 66,995
Long-term liabilities held-for-sale   0 10,576
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: 44,078,469 shares as of June 30, 2022, 45,840,260 shares as of December 31, 2021 and 45,818,719 shares as of June 30, 2021 441 458 458
Additional paid-in capital 467,159 559,752 556,615
Accumulated other comprehensive income (loss) 2,388 (3,359) (2,750)
Retained earnings 413,931 410,831 401,061
Total Granite Construction Incorporated shareholders’ equity 883,919 967,682 955,384
Non-controlling interests 33,316 27,881 32,858
Total equity 917,235 995,563 988,242
Total liabilities and equity $ 2,291,332 $ 2,494,927 $ 2,478,898