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Investments in and Advances to Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2022
Equity Method Investments And Joint Ventures [Abstract]  
Schedule of Financial Information of Consolidated Joint Ventures

The following represents financial information for consolidated joint ventures included in the consolidated financial statements as of and for the years ended December 31, 2022, December 31, 2021 and December 31, 2020 (in thousands):

 

 

 

2022

 

 

2021

 

Current assets

 

$

289,837

 

 

$

246,342

 

Noncurrent assets

 

 

9,961

 

 

 

2,180

 

Total assets

 

 

299,798

 

 

 

248,522

 

Current liabilities

 

 

198,464

 

 

 

175,637

 

Total liabilities

 

 

198,464

 

 

 

175,637

 

Total joint venture equity

 

$

101,334

 

 

$

72,885

 

 

 

 

2022

 

 

2021

 

 

2020

 

Revenue

 

$

483,888

 

 

$

402,078

 

 

$

450,530

 

Costs

 

 

422,559

 

 

 

351,670

 

 

 

408,319

 

Net income

 

$

61,329

 

 

$

50,408

 

 

$

42,211

 

Net income attributable to noncontrolling interests

 

$

29,901

 

 

$

24,880

 

 

$

20,380

 

 

Summary of Financial Information for Unconsolidated Joint Ventures

The following represents the financial information of the Company’s unconsolidated joint ventures as presented in their unaudited financial statements as of and for the years ended December 31, 2022 and December 31, 2021 (in thousands):

 

 

 

2022

 

 

2021

 

Current assets

 

$

1,610,246

 

 

$

1,620,735

 

Noncurrent assets

 

 

491,658

 

 

 

531,261

 

Total assets

 

 

2,101,904

 

 

 

2,151,996

 

Current liabilities

 

 

1,255,297

 

 

 

1,088,985

 

Noncurrent liabilities

 

 

468,056

 

 

 

669,911

 

Total liabilities

 

 

1,723,353

 

 

 

1,758,896

 

Total joint venture equity

 

$

378,551

 

 

$

393,100

 

Investments in and advances to unconsolidated joint

   ventures

 

$

107,425

 

 

$

110,688

 

 

 

 

2022

 

 

2021

 

 

2020

 

Revenue

 

$

2,406,407

 

 

$

2,709,305

 

 

$

1,830,802

 

Costs

 

 

2,325,472

 

 

 

2,536,403

 

 

 

1,709,933

 

Net income

 

$

80,935

 

 

$

172,902

 

 

$

120,869

 

Equity in earnings of unconsolidated joint ventures

 

$

16,347

 

 

$

36,862

 

 

$

30,059