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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 199,751 $ 293,991
Short-term marketable securities 39,754 39,374
Receivables, net 397,231 463,987
Contract assets 288,146 241,916
Inventories 97,893 86,809
Equity in construction joint ventures 182,063 183,808
Other current assets 41,397 37,411
Total current assets 1,246,235 1,347,296
Property and equipment, net 531,457 509,210
Long-term marketable securities 16,575 26,569
Investments in affiliates 83,335 80,725
Goodwill 73,703 73,703
Right of use assets 43,886 49,079
Deferred income taxes, net 22,080 22,208
Other noncurrent assets 60,116 59,143
Total assets 2,077,387 2,167,933
Current liabilities    
Current maturities of long-term debt 1,456 1,447
Accounts payable 295,125 334,392
Contract liabilities 160,245 173,286
Accrued expenses and other current liabilities 266,541 288,469
Total current liabilities 723,367 797,594
Long-term debt 287,000 286,934
Long-term lease liabilities 27,934 32,170
Deferred income taxes, net 1,678 1,891
Other long-term liabilities 64,997 64,199
Commitments and contingencies (see Note 17)
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: 43,880,224 shares as of March 31, 2023 and 43,743,907 shares as of December 31, 2022 439 437
Additional paid-in capital 471,782 470,407
Accumulated other comprehensive income 653 788
Retained earnings 452,583 481,384
Total Granite Construction Incorporated shareholders’ equity 925,457 953,016
Non-controlling interests 46,954 32,129
Total equity 972,411 985,145
Total liabilities and equity $ 2,077,387 $ 2,167,933