Granite construction inc (GVA)
Balance Sheet / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09
ASSETS
Current assets
Cash and cash equivalents ($77,870, $131,965 and $125,165 related to consolidated construction joint ventures (“CCJVs”))

184,673

144,958

200,263

272,804

230,259

195,515

193,581

233,711

185,516

178,068

169,501

189,326

150,225

161,218

198,298

252,836

221,785

188,147

239,403

255,961

167,174

146,458

205,780

229,121

212,463

247,833

260,773

321,990

287,322

237,951

226,226

256,990

193,099

190,069

240,768

252,022

257,854

208,450

222,095

338,956

371,434

356,168

Short-term marketable securities

37,918

41,037

36,049

30,002

35,010

20,014

39,961

67,775

47,814

47,821

67,824

64,884

54,863

34,959

43,001

25,043

17,607

17,560

19,282

25,504

27,950

27,898

41,143

49,968

22,892

21,271

44,841

56,088

47,185

43,260

70,444

70,408

77,389

78,255

83,084

109,447

80,962

73,566

76,963

42,448

27,798

24,878

Costs and estimated earnings in excess of billings ($0 and $1,437 related to CCJVs)

-

-

-

-

-

-

-

103,965

94,527

99,883

90,112

73,102

80,032

86,025

76,972

59,070

56,971

60,093

56,907

36,411

62,823

76,228

53,311

33,306

40,837

62,426

48,428

34,116

49,548

69,688

49,962

37,703

45,884

51,739

33,302

10,519

34,448

56,665

33,445

10,619

38,011

50,891

Receivables, net ($21,237 and $52,031 related to CCJVs)

700,387

551,958

368,215

473,246

618,070

492,718

330,192

479,791

627,081

484,245

351,091

419,345

512,752

431,127

307,483

340,822

456,688

362,336

271,328

310,934

417,628

363,614

245,281

313,598

422,609

336,418

260,231

325,529

363,455

272,562

208,707

251,838

357,807

283,944

170,441

243,986

375,914

295,779

197,658

280,252

382,572

281,432

Contract assets ($39,717, $19,699 and $20,968 related to CCJVs)

233,925

257,650

260,250

219,754

213,989

265,190

178,663

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

95,442

102,163

96,862

88,623

90,789

96,024

71,295

62,497

62,059

65,495

58,781

55,245

61,015

64,711

59,444

55,553

60,289

71,022

64,636

68,920

74,605

79,501

77,407

62,474

61,667

68,905

66,291

59,785

63,999

67,503

67,782

50,975

57,987

64,727

56,899

51,018

45,224

48,529

49,483

45,800

51,972

68,755

Assets held for sale

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate held for development and sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,609

11,773

11,761

11,742

12,478

50,250

50,696

50,303

50,223

57,964

57,367

58,363

67,037

79,173

78,725

77,128

75,716

151,638

148,897

137,183

139,449

135,306

131,169

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55,874

55,874

55,874

55,874

36,687

36,687

36,687

36,687

38,571

38,571

38,571

38,571

52,714

52,714

52,583

53,877

31,035

31,870

31,150

31,034

43,356

43,314

Equity in construction joint ventures

209,765

241,786

300,489

282,229

273,993

252,467

254,816

247,826

242,358

230,448

235,683

247,182

263,180

245,509

240,480

224,689

219,652

209,016

197,570

184,575

181,259

185,859

168,045

162,673

161,063

148,727

171,265

105,805

97,890

107,821

91,951

101,029

97,415

87,653

78,773

74,716

80,496

72,571

-

-

-

-

Other current assets ($10,765, $11,744 and $11,361 related to CCJVs)

42,698

63,056

54,590

48,731

95,173

49,100

43,125

36,513

26,612

43,597

54,542

39,908

28,047

31,949

37,100

26,985

30,351

33,885

38,102

23,033

21,743

30,727

40,142

30,711

32,836

36,203

37,401

31,834

13,974

20,436

34,882

35,171

29,526

34,779

44,059

42,555

42,409

39,031

56,033

50,467

41,185

46,719

Total current assets

1,504,808

1,402,608

1,316,718

1,415,389

1,557,283

1,371,028

1,111,633

1,232,078

1,285,967

1,149,557

1,027,534

1,088,992

1,150,114

1,055,498

962,778

984,998

1,063,343

942,059

887,228

916,947

1,020,829

977,920

898,725

950,203

1,041,304

1,009,166

976,220

1,022,057

1,019,908

915,159

846,888

909,722

990,994

922,605

837,037

913,856

1,099,980

975,358

875,703

1,006,718

1,150,084

1,053,541

Property and equipment, net ($27,752, $34,761 and $36,061 related to CCJVs)

542,796

557,118

552,504

549,688

560,618

595,787

409,708

407,418

412,174

414,079

412,490

406,650

407,327

409,860

398,750

385,129

385,036

391,989

399,910

409,653

424,272

426,700

432,398

436,859

458,024

470,893

477,666

481,478

432,293

439,664

442,132

447,140

453,822

464,616

468,929

473,607

491,363

501,258

519,909

520,778

530,661

529,805

Long-term marketable securities

10,000

20,000

30,000

36,098

46,093

61,191

67,305

65,015

69,991

59,990

59,989

62,895

52,908

42,653

72,653

80,652

70,646

70,508

80,522

76,563

74,140

84,234

65,969

67,234

64,014

55,225

57,958

55,342

37,802

45,800

70,114

79,250

59,509

49,580

46,251

34,259

49,502

68,291

90,440

76,937

62,612

53,328

Investments in affiliates

84,914

82,109

81,034

84,354

84,840

99,495

38,682

38,469

39,946

37,170

36,410

35,668

34,356

34,517

34,619

33,182

33,077

32,655

32,031

32,361

34,177

33,936

33,336

32,480

31,338

31,421

30,742

30,799

30,257

28,521

30,972

31,071

33,435

32,932

28,893

31,410

32,515

31,210

71,693

67,693

58,450

50,215

Goodwill

264,112

264,107

259,695

259,471

244,696

246,881

53,799

53,799

53,799

53,799

53,799

53,799

53,799

53,799

53,799

53,799

53,799

53,799

53,799

53,799

53,799

53,799

53,799

53,799

53,799

53,598

53,593

55,419

9,900

9,900

9,900

9,900

-

-

-

-

-

-

-

-

-

-

Right of use assets

70,500

73,400

71,480

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

38,443

36,055

-

2,918

6,408

25,135

-

-

0

0

0

-

5,223

5,407

5,119

4,329

17,626

32,616

32,616

32,785

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,823

24,644

21,309

17,310

Other noncurrent assets

118,228

122,705

128,349

128,683

143,910

156,808

78,100

75,199

85,411

88,550

87,997

85,449

81,540

84,095

84,512

84,789

73,022

74,912

76,237

77,940

75,826

76,797

76,944

76,580

78,655

80,365

82,531

84,392

68,475

68,603

69,949

70,716

80,709

82,214

83,478

82,401

78,611

79,060

80,371

80,498

80,233

80,300

Total assets

2,633,773

2,558,141

2,439,780

2,476,601

2,643,848

2,556,325

1,759,227

1,871,978

1,947,288

1,803,145

1,678,219

1,733,453

1,785,267

1,685,829

1,612,230

1,626,878

1,696,549

1,598,538

1,562,343

1,600,048

1,683,043

1,653,386

1,561,171

1,617,155

1,727,134

1,700,668

1,678,710

1,729,487

1,598,635

1,507,647

1,469,955

1,547,799

1,618,469

1,551,947

1,464,588

1,535,533

1,751,971

1,655,177

1,597,246

1,709,575

1,844,899

1,734,284

LIABILITIES AND EQUITY
Current liabilities
Current maturities of long-term debt

8,263

48,397

47,281

47,286

116,796

207,982

47,298

46,048

14,796

14,796

14,796

14,796

14,795

14,795

14,795

14,800

22

22

22

21

21

21

21

21

20

20

8,353

8,353

8,352

9,102

9,102

9,102

8,351

8,351

8,351

8,359

8,444

8,538

8,350

15,017

15,017

15,348

Current maturities of non-recourse debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,226

1,226

1,226

1,226

1,226

2,147

2,147

4,132

10,707

16,712

16,328

19,765

23,071

16,690

16,454

17,740

29,760

39,157

39,657

40,565

43,961

53,177

49,500

Accounts payable ($50,625, $37,086 and $33,426 related to CCJVs)

399,528

303,128

216,966

251,481

316,917

303,885

226,253

237,673

286,913

252,527

170,006

199,029

223,612

210,923

139,215

157,571

196,885

170,474

121,013

151,935

205,493

210,777

141,241

160,706

198,282

188,124

169,940

202,541

209,683

186,290

129,480

158,660

216,600

179,664

94,688

129,700

206,993

173,637

100,102

131,251

211,670

177,025

Contract liabilities ($21,378, $60,288 and $67,139 related to CCJVs)

106,010

119,289

90,752

105,449

117,759

91,864

71,030

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of costs and estimated earnings ($0 and $37,701 related to CCJVs)

-

-

-

-

-

-

-

135,146

168,707

114,180

91,527

97,522

116,151

90,484

89,188

92,515

122,409

106,086

95,328

108,992

115,809

125,957

125,618

138,375

146,343

144,462

124,609

139,692

91,348

75,629

87,370

90,845

89,505

122,014

113,347

120,185

157,233

144,935

142,935

156,041

187,205

184,665

Accrued expenses and other current liabilities ($4,193, $2,046 and $1,975 related to CCJVs)

342,040

339,047

265,102

273,626

296,033

293,959

233,637

236,407

246,775

231,048

224,850

218,587

237,534

212,986

226,276

200,935

229,923

201,259

231,690

200,652

221,618

187,348

193,307

197,242

219,169

200,758

188,685

169,979

167,166

155,322

148,196

166,790

185,624

156,727

144,584

150,773

173,547

161,632

156,374

159,843

209,806

168,217

Total current liabilities

855,841

809,861

620,101

677,842

847,505

897,690

578,218

655,274

717,191

612,551

501,179

529,934

592,092

529,188

469,474

465,821

549,239

477,841

448,053

462,826

544,167

525,329

461,413

497,570

565,961

535,511

495,719

531,272

493,261

442,671

393,913

448,468

516,770

483,210

378,710

438,777

585,374

528,399

448,326

506,113

676,875

594,755

Long-term debt

394,841

366,896

333,290

335,119

316,926

280,710

176,011

178,453

225,922

227,114

228,306

229,498

240,715

241,907

243,099

244,323

269,594

269,566

269,535

270,105

270,127

270,127

270,127

270,127

270,148

270,148

270,148

270,148

200,168

200,168

208,501

208,501

208,519

208,519

216,852

217,014

216,870

216,870

225,203

225,203

225,219

225,220

Lease liabilities

56,700

60,900

60,237

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

4,652

4,680

-

4,317

5,589

5,759

-

1,361

5,932

5,420

5,609

5,441

0

0

0

0

-

-

-

-

9,977

9,803

9,803

7,793

7,988

8,055

8,055

8,163

3,644

3,644

3,393

4,034

10,330

10,983

11,048

10,774

27,883

27,905

27,217

27,220

17,917

17,917

Long-term non-recourse debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,516

5,822

6,129

6,435

6,741

7,048

7,354

7,628

922

4,375

4,641

1,371

9,912

27,755

28,907

30,454

25,337

16,420

16,615

16,895

19,485

8,363

8,455

Other long-term liabilities

58,433

58,268

64,219

61,689

67,429

71,180

40,104

44,085

46,435

47,983

47,066

45,989

46,270

45,719

43,913

46,613

41,211

42,851

42,058

44,495

45,887

48,455

48,662

48,580

46,474

46,817

49,231

47,124

47,913

47,393

50,011

49,221

46,985

46,460

47,943

47,996

48,764

49,197

52,471

48,998

48,884

46,686

Commitments and contingencies

-

0

0

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

0

0

-

-

-

-

Equity
Preferred stock, $0.01 par value, authorized 3,000,000 shares, none outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value, authorized 150,000,000 shares; issued and outstanding: 46,741,263 shares as of September 30, 2019, 46,665,889 shares as of December 31, 2018 and 46,897,092 shares as of September 30, 2018

468

468

468

467

469

457

400

399

399

398

398

396

396

396

396

394

394

394

393

392

391

391

391

389

388

389

388

387

387

387

386

387

387

387

386

387

388

388

388

386

387

387

Additional paid-in capital

567,033

568,264

566,497

564,559

572,046

516,680

162,038

160,376

157,734

155,476

152,805

150,337

147,583

145,156

144,916

140,912

139,071

137,012

134,894

134,177

132,396

130,181

126,937

126,449

123,681

121,368

118,265

117,422

114,917

112,815

110,432

111,514

108,096

105,287

102,548

104,232

101,567

98,142

93,688

94,633

92,356

89,142

Accumulated other comprehensive (loss) income

-3,282

-3,448

-626

-749

1,841

1,022

1,197

634

240

71

-257

-371

-1,524

-1,811

-1,569

-1,500

-1,097

-798

-932

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retained earnings

656,487

642,124

746,100

787,356

786,936

737,417

751,801

783,699

756,183

715,451

706,571

735,626

724,691

692,740

683,784

699,431

675,927

650,357

645,931

659,816

648,017

637,905

629,443

655,102

689,181

681,311

685,023

712,144

699,277

667,278

670,462

687,296

673,626

642,228

642,354

656,412

711,497

677,873

689,634

735,632

724,621

699,050

Total Granite Construction Incorporated shareholders’ equity

1,220,706

1,207,408

1,312,439

1,351,633

1,361,292

1,255,576

915,436

945,108

914,556

871,396

859,517

885,988

871,146

836,481

827,527

839,237

814,295

786,965

780,286

794,385

780,804

768,477

756,771

781,940

813,250

803,068

803,676

829,953

814,581

780,480

781,280

799,197

782,109

747,902

745,288

761,031

813,452

776,403

783,710

830,651

817,364

788,579

Non-controlling interests

42,560

50,160

49,494

46,001

45,107

45,410

49,458

47,697

37,252

38,681

36,542

36,603

35,044

32,534

28,217

30,884

22,210

21,315

22,411

22,721

26,259

25,066

7,960

4,404

16,265

29,715

44,253

41,905

34,693

28,650

31,486

28,466

26,001

25,966

34,293

34,604

43,208

39,788

43,424

51,905

50,277

52,672

Total equity

1,263,266

1,257,568

1,361,933

1,397,634

1,406,399

1,300,986

964,894

992,805

951,808

910,077

896,059

922,591

906,190

869,015

855,744

870,121

836,505

808,280

802,697

817,106

807,063

793,543

764,731

786,344

829,515

832,783

847,929

871,858

849,274

809,130

812,766

827,663

808,110

773,868

779,581

795,635

856,660

816,191

827,134

882,556

867,641

841,251

Total liabilities and equity

2,633,773

2,558,141

2,439,780

2,476,601

2,643,848

2,556,325

1,759,227

1,871,978

1,947,288

1,803,145

1,678,219

1,733,453

1,785,267

1,685,829

1,612,230

1,626,878

1,696,549

1,598,538

1,562,343

1,600,048

1,683,043

1,653,386

1,561,171

1,617,155

1,727,134

1,700,668

1,678,710

1,729,487

1,598,635

1,507,647

1,469,955

1,547,799

1,618,469

1,551,947

1,464,588

1,535,533

1,751,971

1,655,177

1,597,246

1,709,575

1,844,899

1,734,284