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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net income (loss) $ 6,747 $ (9,576)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation, depletion and amortization 32,328 52,853
Amortization related to long-term debt (see Note 15) 1,423 4,666
Gain on sale of discontinued operations (see Note 3) (6,234) 0
Gain on sales of property and equipment, net (9,513) (34,190)
Deferred income taxes 2,545 0
Stock-based compensation 4,376 3,642
Equity in net (income) loss from unconsolidated joint ventures 17,228 (6,972)
Net loss from affiliates (6,165) (8,039)
Other non-cash adjustments (84) 1,483
Changes in assets and liabilities:    
Deposit/insurance receivable for legal settlement (see Note 18) 0 (63,000)
Receivables (69,114) (48,584)
Contract assets, net (71,282) (28,111)
Inventories (18,618) (6,062)
Contributions to unconsolidated construction joint ventures (33,563) (47,580)
Distributions from unconsolidated construction joint ventures and affiliates 6,522 7,029
Other assets, net 15,627 (7,197)
Accounts payable 17,983 26,056
Accrual for expected resolution of SEC investigation (see Note 18) 12,000 0
Accrual for legal settlement (see Note 18) 0 129,000
Accrued expenses and other liabilities, net (5,484) 3,578
Net cash used in operating activities (103,278) (31,004)
Investing activities    
Purchases of marketable securities (49,968) (5,000)
Purchases of property and equipment (73,216) (46,437)
Proceeds from sales of property and equipment 15,289 48,517
Proceeds from the sale of discontinued operations (see Note 3) 142,571 0
Issuance of notes receivable (4,560) 0
Collection of notes receivable 201 4,581
Net cash provided by investing activities 30,317 1,661
Financing activities    
Proceeds from long-term debt 50,000 0
Debt principal repayments (124,660) (4,677)
Cash dividends paid (11,857) (11,890)
Repurchases of common stock (See Note 1) (70,374) (2,497)
Contributions from non-controlling partners 6,327 11,350
Distributions to non-controlling partners (6,700) (5,836)
Other financing activities, net 209 (62)
Net cash used in financing activities (157,055) (13,612)
Net decrease in cash, cash equivalents and restricted cash (230,016) (42,955)
Cash, cash equivalents and $1,512 in restricted cash at beginning of each period 413,655 437,648
Cash, cash equivalents and $0 and $1,512 in restricted cash at end of each period 183,639 394,693
Less: Cash, cash equivalents and $0 and $1,512 in restricted cash included in current assets held-for-sale at end of each period 8,617 17,073
Cash and cash equivalents of continuing operations at end of period 175,022 377,620
Supplementary Information    
Right of use assets obtained in exchange for lease obligations 8,167 7,997
Cash paid for operating lease liabilities 11,667 10,956
Cash paid during the period for:    
Interest 6,786 8,078
Income taxes 1,553 1,817
Non-cash investing and financing activities:    
RSUs issued, net of forfeitures 7,688 7,554
Dividends declared but not paid 5,730 5,956
Contributions from non-controlling partners 3,274 9,240
Accrued equipment purchases $ (5,149) $ 3,024