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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents ($131,738 and $173,118 related to VIEs) $ 455,084 $ 380,564
Restricted cash 9,104 14,116
Restricted investments 139,986 130,287
Accounts receivable ($51,953 and $84,014 related to VIEs) 986,893 1,054,014
Retention receivable ($171,704 and $161,187 related to VIEs) 560,163 580,926
Costs and estimated earnings in excess of billings ($95,219 and $58,089 related to VIEs) 942,522 1,143,846
Other current assets ($24,954 and $26,725 related to VIEs) 192,915 217,601
Total current assets 3,286,667 3,521,354
PROPERTY AND EQUIPMENT:    
Land 44,132 44,127
Building and improvements 138,799 132,639
Construction equipment 609,495 613,166
Other equipment 196,870 185,530
Total property and equipment, gross 989,296 975,462
Less accumulated depreciation (566,308) (534,171)
Total property and equipment, net ($19,876 and $35,135 related to VIEs) 422,988 441,291
GOODWILL 205,143 205,143
INTANGIBLE ASSETS, NET 66,069 68,305
DEFERRED INCOME TAXES 143,289 74,083
OTHER ASSETS 118,554 119,680
TOTAL ASSETS 4,242,710 4,429,856
CURRENT LIABILITIES:    
Current maturities of long-term debt 24,113 117,431
Accounts payable ($22,845 and $24,160 related to VIEs) 631,468 466,545
Retention payable ($19,744 and $22,841 related to VIEs) 240,971 223,138
Billings in excess of costs and estimated earnings ($326,561 and $439,759 related to VIEs) 1,216,623 1,103,530
Accrued expenses and other current liabilities ($16,391 and $18,206 related to VIEs) 219,525 214,309
Total current liabilities 2,332,700 2,124,953
LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $21,977 and $11,000 510,025 782,314
DEFERRED INCOME TAXES 0 956
OTHER LONG-TERM LIABILITIES 241,379 237,722
TOTAL LIABILITIES 3,084,104 3,145,945
COMMITMENTS AND CONTINGENCIES (Note 8)
Stockholders' equity:    
Preferred stock – authorized 1,000,000 shares ($1 par value), none issued 0 0
Common stock – authorized 112,500,000 shares ($1 par value), issued and outstanding 52,485,719 and 52,025,497 shares 52,486 52,025
Additional paid-in capital 1,146,800 1,146,204
Retained (deficit) earnings (30,575) 133,146
Accumulated other comprehensive loss (33,988) (39,787)
Total stockholders' equity 1,134,723 1,291,588
Noncontrolling interests 23,883 (7,677)
TOTAL EQUITY 1,158,606 1,283,911
TOTAL LIABILITIES AND EQUITY $ 4,242,710 $ 4,429,856