Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 293,991	$ 395,647
Short-term marketable securities	39,374	0
Receivables, net	463,987	464,588	[1]
Contract assets	241,916	145,437
Inventories	86,809	61,965
Equity in construction joint ventures	183,808	189,911
Other current assets	37,411	177,210
Current assets held for sale	0	392,641
Total current assets	1,347,296	1,827,399
Property and equipment, net	509,210	433,504	[1]
Long-term marketable securities	26,569	15,600
Investments in affiliates	80,725	23,368
Goodwill	73,703	53,715
Right of use assets	49,079	49,312
Deferred income taxes, net	22,208	24,141
Other noncurrent assets	59,143	67,888
Total assets	2,167,933	2,494,927
Current liabilities
Current maturities of long-term debt	1,447	8,727
Accounts payable	334,392	324,313
Contract liabilities	173,286	200,041
Accrued expenses and other current liabilities	288,469	452,829
Current liabilities held for sale	0	83,408
Total current liabilities	797,594	1,069,318
Long-term debt	286,934	331,191
Long-term lease liabilities	32,170	32,928
Deferred income taxes, net	1,891	1,856
Other long-term liabilities	64,199	64,071
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: 43,743,907 shares as of December 31, 2022 and 45,840,260 shares as of December 31, 2021	437	458
Additional paid-in capital	470,407	559,752
Accumulated other comprehensive income (loss)	788	(3,359)
Retained earnings	481,384	410,831
Total Granite Construction Incorporated shareholders’ equity	953,016	967,682
Non-controlling interests	32,129	27,881
Total equity	985,145	995,563
Total liabilities and equity	$ 2,167,933	$ 2,494,927

[1] These balances do not include amounts held for sale (see Note 2).