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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 | $ 276,489 | $ 455,084
Accounts receivable | 1,298,255 | 986,893
Contract Assets: | 591,623 | 560,163
Costs and estimated earnings in excess of billings | 947,539 | 942,522
Other current assets | 199,276 | 192,915
Accumulated depreciation | 577,797 | 566,308
Property and equipment, net | 440,626 | 422,988
Accounts payable | 757,652 | 631,468
Retainage payable | 242,061 | 240,971
Billings in excess of costs and estimated earnings | 1,375,597 | 1,216,623
Accrued expenses and other current liabilities | 239,011 | 219,525
Unamortized discount and debt issuance costs, non-current | $ 21,029 | $ 21,977
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000
Preferred stock, par value (in dollars per share) | $ 1 | $ 1
Preferred stock, shares issued (in shares) | 0 | 0
Common stock, shares authorized (in shares) | 112,500,000 | 112,500,000
Common stock, par value (in dollars per share) | $ 1 | $ 1
Common stock, shares issued (in shares) | 52,702,538 | 52,485,719
Common stock, shares outstanding (in shares) | 52,702,538 | 52,485,719
VIEs |  |
Cash and cash equivalents | $ 161,906 | $ 131,738
Accounts receivable | 85,435 | 51,953
Contract Assets: | 180,920 | 171,704
Costs and estimated earnings in excess of billings | 142,088 | 95,219
Other current assets | 21,781 | 24,954
Property and equipment, net | 15,907 | 19,876
Accounts payable | 37,849 | 22,845
Retainage payable | 20,394 | 19,744
Billings in excess of costs and estimated earnings | 372,307 | 326,561
Accrued expenses and other current liabilities | $ 31,332 | $ 16,391

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