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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 578,330 $ 417,663
Short-term marketable securities 7,311 35,863
Receivables, net 511,742 598,705
Contract assets ($115,834 and $68,520 related to CCJVs) 328,353 262,987
Inventories 108,175 103,898
Equity in unconsolidated construction joint ventures 140,928 171,233
Other current assets ($3,982 and $5,590 related to CCJVs) 41,824 53,102
Total current assets 1,716,663 1,643,451
Property and equipment, net ($6,792 and $7,557 related to CCJVs) 716,184 662,864
Investments in affiliates 94,031 92,910
Goodwill 214,465 155,004
Intangible assets 127,886 117,322
Right of use assets 89,791 78,176
Deferred income taxes, net 0 8,179
Other noncurrent assets 66,635 55,634
Total assets 3,025,655 2,813,540
Current liabilities:    
Current maturities of long-term debt 1,109 39,932
Accounts payable ($74,745 and $62,755 related to CCJVs) 407,223 408,363
Contract liabilities ($80,096 and $50,929 related to CCJVs) 299,671 243,848
Accrued expenses and other current liabilities ($4,706 and $5,426 related to CCJVs) 323,956 337,740
Total current liabilities 1,031,959 1,029,883
Long-term debt 737,939 614,781
Long-term lease liabilities 73,638 63,548
Deferred income taxes, net 13,874 3,708
Other long-term liabilities 88,882 74,654
Commitments and contingencies
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: 43,424,646 shares as of December 31, 2024 and 43,944,118 shares as of December 31, 2023 434 439
Additional paid-in capital 410,739 474,134
Accumulated other comprehensive income (loss) (582) 881
Retained earnings 604,635 501,844
Total Granite Construction Incorporated shareholders’ equity 1,015,226 977,298
Non-controlling interests 64,137 49,668
Total equity 1,079,363 1,026,966
Total liabilities and equity $ 3,025,655 $ 2,813,540