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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 1,275,510 $ 1,116,820 $ 3,030,271 $ 2,575,440
Cost of revenue:        
Total cost of revenue 1,072,561 950,177 2,608,326 2,273,352
Gross profit 202,949 166,643 421,945 302,088
Selling, general and administrative expenses 91,650 74,794 249,695 212,479
Other costs, net 8,543 19,843 29,778 37,973
Gain on sales of property and equipment, net (1,542) (1,812) (4,347) (7,793)
Operating income 104,298 73,818 146,819 59,429
Other (income) expense:        
(Gain) loss on debt extinguishment (272) 0 27,552 51,052
Interest income (7,513) (4,293) (17,815) (11,287)
Interest expense 7,905 4,877 21,325 11,899
Net income from affiliates (4,394) (7,147) (12,921) (19,378)
Other (income) expense, net (874) 462 (1,350) (2,713)
Total other (income) expense, net (5,148) (6,101) 16,791 29,573
Income before income taxes 109,446 79,919 130,028 29,856
Provision for income taxes 25,469 22,423 36,636 21,978
Net income 83,977 57,496 93,392 7,878
Amount attributable to non-controlling interests (5,026) 128 (8,529) 9,723
Net income attributable to Granite Construction Incorporated $ 78,951 $ 57,624 $ 84,863 $ 17,601
Net loss per share attributable to common shareholders        
Basic (USD per share) $ 1.81 $ 1.31 $ 1.93 $ 0.40
Diluted (USD per share) $ 1.57 $ 1.13 $ 1.79 $ 0.40
Weighted average shares outstanding:        
Basic (shares) 43,696 43,924 43,914 43,861
Diluted (shares) 52,366 53,612 52,585 44,447
Construction        
Revenue:        
Total revenue $ 1,080,705 $ 945,698 $ 2,593,872 $ 2,198,527
Cost of revenue:        
Total cost of revenue 910,020 808,536 2,230,987 1,945,506
Materials        
Revenue:        
Total revenue 194,805 171,122 436,399 376,913
Cost of revenue:        
Total cost of revenue $ 162,541 $ 141,641 $ 377,339 $ 327,846