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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net loss $ (31,081) $ (9,662)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion and amortization 28,846 15,511
Gain on sales of property and equipment, net (1,900) (543)
Stock-based compensation 5,748 7,772
Equity in net income from unconsolidated joint ventures (455) (2,637)
Changes in assets and liabilities:    
Receivables 105,086 58,527
Contract assets, net (55,550) (47,777)
Inventories (8,238) (8,798)
Contributions to unconsolidated construction joint ventures (26,933) (26,067)
Distributions from unconsolidated construction joint ventures 330 4,036
Other assets, net (4,189) (6,136)
Accounts payable (34,110) (12,838)
Accrued expenses and other current liabilities, net (13,918) (9,008)
Net cash used in operating activities (36,364) (37,620)
Investing activities    
Purchases of marketable securities 0 (9,952)
Maturities of marketable securities 0 35,000
Purchases of property and equipment ($3,430 and $0 related to CCJVs) (28,744) (15,967)
Proceeds from sales of property and equipment 4,687 675
Other investing activities, net (286) 345
Net cash (used in) provided by investing activities (24,343) 10,101
Financing activities    
Proceeds from debt 20,000 0
Debt principal repayments (21,902) (1,250)
Cash dividends paid (6,067) (5,183)
Repurchases of common stock (3,867) (6,119)
Other financing activities, net 2 (59)
Net cash used in financing activities (11,834) (12,611)
Net decrease in cash, cash equivalents and restricted cash (72,541) (40,130)
Cash and cash equivalents and restricted cash of $5,825 and $0 at beginning of each period 278,629 233,711
Cash, cash equivalents and restricted cash of $5,825 and $0 at end of period 206,088 193,581
Supplementary Information    
Right-of-use assets obtained in exchange for lease obligations 2,739 0
Cash paid for operating lease liabilities 4,229 0
Cash paid during the period for:    
Interest 3,478 1,509
Income taxes 253 149
Other non-cash operating activities:    
RSUs issued, net of forfeitures 7,459 12,257
Accrued cash dividends 6,086 5,206
Accrued equipment purchases $ (341) $ (1,418)