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v3.25.1

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2025 | Dec. 31, 2024
--- | --- | ---
Cash and cash equivalents ($164,810 and $173,894 related to consolidated construction joint ventures (“CCJVs”)) | $ 379,074 | $ 578,330
Receivables, net ($42,960 and $33,708 related to CCJVs) | 471,336 | 511,742
Contract assets ($52,345 and $115,834 related to CCJVs) | 274,592 | 328,353
Other current assets ($2,957 and $3,982 related to CCJVs) | 50,646 | 41,824
Property and equipment, net ($5,872 and $6,792 related to CCJVs) | 722,135 | 716,184
Accounts payable ($68,843 and $74,745 related to CCJVs) | 375,392 | 407,223
Contract liabilities ($77,412 and $80,096 related to CCJVs) | 280,493 | 299,671
Accrued expenses and other current liabilities ($4,098 and $4,706 related to CCJVs) | $ 296,640 | $ 323,956
Preferred stock, par value (USD per share) | $ 0.01 | $ 0.01
Preferred stock, authorized (shares) | 3,000,000 | 3,000,000
Preferred stock, outstanding (shares) | 0 | 0
Common stock, par value (USD per share) | $ 0.01 | $ 0.01
Common stock, authorized (shares) | 150,000,000 | 150,000,000
Common stock, issued (shares) | 43,737,491 | 43,424,646
Common stock, outstanding (shares) | 43,737,491 | 43,424,646
Consolidated Construction Corporate Joint Venture |  |
Cash and cash equivalents ($164,810 and $173,894 related to consolidated construction joint ventures (“CCJVs”)) | $ 164,810 | $ 173,894
Receivables, net ($42,960 and $33,708 related to CCJVs) | 42,960 | 33,708
Contract assets ($52,345 and $115,834 related to CCJVs) | 52,345 | 115,834
Other current assets ($2,957 and $3,982 related to CCJVs) | 2,957 | 3,982
Property and equipment, net ($5,872 and $6,792 related to CCJVs) | 5,872 | 6,792
Accounts payable ($68,843 and $74,745 related to CCJVs) | 68,843 | 74,745
Contract liabilities ($77,412 and $80,096 related to CCJVs) | 77,412 | 80,096
Accrued expenses and other current liabilities ($4,098 and $4,706 related to CCJVs) | $ 4,098 | $ 4,706

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