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Investments in Affiliates | 6 Months Ended
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Jun. 30, 2025
Equity Method Investments and Joint Ventures [Abstract] |
Investments in Affiliates | Investments in Affiliates Our investments in affiliates balance consists of equity method investments in the following types of entities:
(in thousands) | June 30, 2025 |  | December 31, 2024
Foreign | $ | 73,813 |  |  | $ | 72,075 |
Real estate | 4,526 |  |  | 4,552 |
Asphalt terminal | 16,754 |  |  | 17,404 |
Total investments in affiliates | $ | 95,093 |  |  | $ | 94,031 |
The following table provides summarized balance sheet information for our affiliates accounted for under the equity method on a combined basis:
(in thousands) | June 30, 2025 |  | December 31, 2024
Current assets | $ | 198,940 |  |  | $ | 205,235 |
Noncurrent assets | 126,945 |  |  | 130,451 |
Total assets | $ | 325,885 |  |  | $ | 335,686 |
Current liabilities | $ | 62,954 |  |  | $ | 68,679 |
Long-term liabilities (1) | 45,259 |  |  | 45,007 |
Total liabilities | $ | 108,213 |  |  | $ | 113,686 |
Net assets | $ | 217,672 |  |  | $ | 222,000 |
Granite’s share of net assets | $ | 95,093 |  |  | $ | 94,031 |
(1)This balance is primarily related to local bank debt for equipment purchases and debt associated with our real estate ventures. Affiliate assets as of June 30, 2025 included $251.1 million of foreign affiliate assets, $38.8 million of assets in real estate ventures and $36.0 million of assets in the asphalt terminal entity.

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- Definition The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column E)(Footnote 6)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column E)(Footnote 6)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6 + Details
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