Sterling construction co inc (STRL)
Balance Sheet / TTM
Mar'20Dec'19Sep'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'11Dec'10
Assets
Current assets:
Cash and cash equivalents ($7,126 and $7,538 related to variable interest entities (“VIEs”))

73,905

45,733

76,530

71,730

56,764

94,095

89,336

66,585

55,462

83,953

66,541

60,058

37,147

42,785

43,021

42,635

-

4,426

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,650

10,267

-

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,919

-

11,488

14,336

17,196

22,843

17,000

14,281

1,287

1,872

5,014

1,029

4,154

3,142

1,034

19,112

16,610

16,371

-

-

49,441

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,016

21,000

21,562

49,211

53,454

49,676

43,582

44,855

49,824

60,503

35,752

Accounts receivable, including retainage ($30,550 and $24,642 related to VIEs)

221,268

248,247

160,512

157,813

147,001

145,026

160,247

164,465

140,877

133,931

149,052

137,913

91,089

84,132

105,415

106,595

94,758

82,112

99,666

100,563

94,608

78,896

105,302

104,609

78,345

77,245

90,663

87,693

64,391

70,815

120,478

88,788

72,893

74,875

92,909

77,635

70,301

Capitalized Contract Cost, Net, Current

-

-

-

-

-

-

-

-

-

37,112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and estimated earnings in excess of billings ($9,078 and $8,328 related to VIEs)

54,791

42,555

67,602

53,896

44,133

41,542

40,275

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and estimated earnings in excess of billings on uncompleted contracts

-

-

-

-

-

-

-

36,388

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and estimated earnings in excess of billings on uncompleted contracts

-

-

-

-

-

-

-

-

40,013

-

43,384

40,588

34,475

32,705

31,989

35,391

28,188

26,905

23,287

25,503

25,827

33,403

31,745

31,985

18,751

11,684

31,481

23,327

34,331

20,592

17,876

16,131

17,822

16,509

25,660

19,440

10,058

Inventory

-

-

2,386

3,252

2,699

-

3,140

1,613

1,863

4,621

2,093

3,521

3,757

3,708

4,000

3,725

2,930

2,535

2,580

5,767

5,515

7,401

6,618

5,587

6,030

6,189

5,375

4,603

5,375

3,731

3,945

3,547

3,398

1,922

1,910

1,730

1,479

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,366

1,131

-

Deferred tax asset, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,928

588

1,786

1,803

793

666

521

1,302

78

100

82

Receivables from and equity in construction joint ventures ($7,729 and $7,406 related to VIEs)

10,789

9,196

14,651

14,381

11,625

10,720

11,521

11,766

12,485

11,380

9,069

7,463

7,890

7,130

9,469

7,365

8,316

12,930

11,089

10,837

9,698

9,153

10,621

8,817

11,196

6,118

12,260

8,543

9,450

11,005

10,767

6,889

7,546

6,057

8,135

5,910

6,744

Other current assets ($1,047 and $503 related to VIEs)

10,335

11,790

11,065

7,951

6,696

11,233

8,857

9,066

6,479

7,529

9,654

11,206

6,609

5,448

6,170

5,428

4,627

6,013

9,044

5,652

4,451

5,278

10,153

11,769

11,485

11,377

9,026

10,180

8,194

4,459

5,406

5,032

3,876

2,132

1,536

2,005

2,472

Total current assets

371,088

357,521

332,746

309,023

268,918

302,616

313,376

289,883

257,179

278,526

279,793

260,749

180,967

175,908

200,064

201,139

153,738

134,921

157,154

162,658

157,295

156,974

181,439

177,048

127,094

114,485

176,763

156,963

149,243

164,758

213,753

189,841

166,248

164,023

198,068

178,721

176,329

Property and equipment, net ($5,627 and $5,619 related to VIEs)

117,818

116,030

48,584

49,217

52,011

51,999

52,196

51,726

52,142

54,406

59,464

61,275

65,821

68,127

70,363

72,035

72,481

73,475

74,550

80,813

82,541

87,098

90,453

88,925

89,432

93,683

95,926

97,498

101,902

102,308

102,326

102,403

82,680

83,429

83,719

81,102

74,681

Operating lease right-of-use assets ($3,938 and $3,817 related to VIEs)

14,790

13,979

14,589

14,995

15,290

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

191,892

191,892

85,231

85,231

85,231

85,231

85,231

85,231

85,231

85,200

85,277

90,971

54,820

54,820

54,820

54,820

54,820

54,820

54,820

54,820

54,820

54,820

54,820

54,820

54,820

54,820

54,820

54,820

54,820

54,820

54,460

54,460

54,500

54,050

121,010

114,745

114,745

Other intangibles, net

253,486

256,323

40,617

41,218

41,818

42,418

43,018

43,618

44,218

44,818

45,200

39,490

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset, net

27,149

26,012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset, net

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term deferred tax, asset, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,198

14,197

4,355

2,973

-

-

-

828

-

-

-

Other non-current assets, net

172

183

202

211

246

309

343

227

265

317

3,301

2,968

2,968

2,968

2,968

2,968

2,968

2,949

4,150

9,027

6,345

7,559

8,356

8,921

9,475

10,030

12,405

5,591

5,827

6,651

4,742

6,178

5,435

1,501

1,237

1,320

1,376

Total assets

976,395

961,940

521,969

499,895

463,514

482,573

494,164

470,685

439,035

463,298

473,035

455,453

304,576

301,823

328,215

330,962

284,007

266,165

290,674

307,318

301,001

306,451

335,068

329,714

280,821

273,018

354,112

329,069

316,147

331,510

375,281

352,882

308,863

303,831

404,034

375,888

367,131

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable ($26,664 and $18,213 related to VIEs)

123,172

137,593

110,624

101,342

81,870

99,426

106,271

96,384

85,123

97,457

100,565

89,468

71,448

67,097

76,861

79,853

63,389

58,959

59,502

75,760

71,462

66,792

81,097

90,157

62,006

61,599

79,113

55,822

54,051

47,796

65,781

62,272

44,826

34,428

51,379

35,449

37,631

Billings in excess of costs and estimated earnings ($7,443 and $9,649 related to VIEs)

79,293

85,011

61,533

60,571

55,598

62,407

-

-

-

62,374

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of costs and estimated earnings on uncompleted contracts

-

-

-

-

-

-

63,964

58,304

54,689

-

63,368

76,916

62,656

64,100

61,896

56,914

39,083

30,556

33,049

35,137

34,359

25,649

-

-

-

31,576

-

-

-

18,918

-

-

-

-

-

-

-

Current maturities of long-term debt

-

-

-

-

-

-

3,014

826

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of costs and estimated earnings on uncompleted contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,521

30,247

27,447

-

31,070

24,441

12,870

-

27,031

24,437

21,014

18,583

15,967

19,024

17,807

Current maturities of long-term debt ($13 and $39 related to VIEs)

50,211

42,473

12,238

12,128

393

2,899

-

-

1,057

3,978

986

1,039

2,939

3,845

4,653

4,854

4,857

4,856

5,171

5,019

966

965

964

478

194

134

220

232

207

73

73

573

573

573

573

73

73

Current portion of long-term lease obligations ($1,742 and $1,838 related to VIEs)

7,410

7,095

7,492

7,059

7,009

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

1,656

1,212

214

101

340

318

279

88

63

81

280

179

105

78

63

27

67

67

48

27

-

1,868

1,868

2,036

2,036

2,035

-

-

-

-

214

5

66

2,013

156

241

1,493

Accrued compensation ($2,298 and $1,521 related to VIEs)

14,187

13,727

14,576

12,148

10,500

9,448

14,866

13,096

9,011

9,054

14,566

12,022

7,885

5,322

10,412

10,855

9,395

5,977

12,600

10,274

8,728

5,169

10,985

8,943

6,809

5,755

7,810

6,350

4,950

4,909

9,701

7,419

5,385

5,329

9,051

7,180

6,920

Other current liabilities ($1,097 and $1,429 related to VIEs)

10,403

6,393

6,982

5,183

6,300

4,676

6,275

7,063

8,519

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current obligation for noncontrolling owners interest in subsidiaries and joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

196

196

17,759

15,158

17,160

14,721

18,686

18,369

24,346

16,848

21,943

-

28,724

Current obligation for noncontrolling owners interest in subsidiaries and joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

524

517

3,346

2,887

-

-

-

-

-

-

-

Current obligation for noncontrolling owners interests in subsidiaries and joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,323

21,800

-

-

-

-

-

Liability for put exercised by noncontrolling owner

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,205

-

-

Other current liabilities

-

-

-

-

-

-

-

-

-

9,348

15,188

7,699

6,745

6,150

5,545

4,869

4,572

3,896

5,222

5,304

4,727

4,207

4,304

4,015

3,330

4,504

3,980

4,095

2,700

2,691

5,006

4,367

2,250

8,359

6,556

10,737

5,127

Total current liabilities

286,332

293,504

213,659

198,532

162,010

179,174

194,669

175,761

158,462

182,292

194,953

187,323

151,778

146,592

159,430

157,372

121,363

104,311

115,592

131,521

120,242

104,650

127,739

135,876

102,018

105,799

122,717

91,457

78,124

77,274

131,129

120,873

74,114

69,285

91,887

72,704

69,051

Other current liabilities ($1,429 and $1,485 related to VIEs)
Long-term Debt, Excluding Current Maturities

408,828

390,627

62,489

66,497

76,923

79,117

78,424

85,749

85,106

86,160

88,619

88,125

1,358

1,549

6,952

13,044

27,273

15,324

30,509

33,260

33,477

37,021

36,810

19,622

21,084

8,331

20,568

29,469

11,892

24,201

10,208

268

245

263

8,281

299

336

Long-term lease obligations ($2,196 and $1,979 related to VIEs)

7,465

6,976

7,191

8,030

8,466

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Members’ interest subject to mandatory redemption and undistributed earnings

49,186

49,003

51,272

48,831

47,132

49,343

48,844

47,837

43,923

47,386

46,329

46,346

44,183

45,230

46,466

49,260

46,211

50,438

21,778

20,825

22,200

22,879

22,837

24,299

24,169

23,989

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

3,011

2,211

1,591

1,450

1,299

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

5,654

619

1,088

1,101

1,115

1,229

1,230

1,246

1,252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

757,465

740,729

338,710

325,202

297,237

310,313

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

368

368

-

-

22,524

20,442

18,591

Other long-term liabilities

-

-

-

-

-

-

-

-

-

1,271

595

473

419

362

911

389

355

338

328

323

616

753

734

812

1,126

2,105

2,245

2,482

2,625

2,728

2,498

2,417

2,398

2,597

2,657

177

0

Total long-term liabilities

-

-

-

-

-

-

129,797

134,832

130,281

134,817

135,543

134,944

45,960

47,141

54,329

62,693

73,839

66,100

52,615

54,408

56,293

60,653

60,381

44,733

46,379

34,425

22,813

31,951

14,517

26,929

13,074

3,053

2,643

2,860

33,462

20,918

18,927

Commitments and contingencies (Note 12)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Stockholders’ equity:
Stockholders’ equity:
Preferred stock, par value $0.01 per share; 1,000 shares authorized, none issued

-

-

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, par value $0.01 per share; 38,000 shares authorized, 28,282 and 28,290 shares issued, 27,966 and 27,772 shares outstanding

283

283

271

271

271

271

271

271

270

271

270

270

251

250

250

250

198

198

196

195

189

188

188

188

167

167

167

166

166

165

165

163

163

163

164

165

164

Additional paid in capital

250,689

251,019

234,309

233,559

233,502

233,795

233,056

232,265

231,607

231,183

231,848

231,321

209,555

208,922

208,435

208,031

188,534

188,147

206,639

205,994

205,672

205,697

205,534

205,343

191,160

190,926

197,168

197,573

197,353

197,067

196,495

196,325

196,240

196,143

197,463

198,749

198,849

Treasury Stock, at cost: 316 and 518 shares

4,247

6,142

6,581

6,688

7,182

4,731

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,432

1,362

0

Retained deficit

-21,918

-25,033

-47,334

-55,291

-63,119

-64,934

-70,544

-79,458

-87,632

-90,121

-93,201

-100,333

-103,995

-101,738

-95,390

-97,805

-99,828

-92,500

-91,376

-91,632

-89,090

-72,098

-64,846

-60,911

-62,112

-62,317

-9,906

-9,735

5,786

12,220

12,047

11,818

9,310

16,509

59,101

55,808

51,553

Accumulated other comprehensive loss

-7,270

-209

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-18

-59

-101

-73

58

27

117

-191

-201

417

696

946

498

538

496

140

3

-137

Total Sterling stockholders’ equity

217,537

219,918

180,665

171,851

163,472

164,401

162,783

153,078

144,245

141,333

138,917

131,258

105,811

107,434

113,295

110,476

88,904

95,845

115,459

114,539

116,712

133,686

140,803

144,678

129,242

128,893

187,238

187,803

203,722

210,148

209,653

208,804

206,251

213,311

255,436

253,363

250,429

Noncontrolling interests

1,393

1,293

2,594

2,842

2,805

7,859

6,915

-

6,047

4,856

3,622

1,928

1,027

656

1,161

421

-99

-91

7,008

6,850

7,754

7,462

6,145

4,427

3,182

3,901

3,585

2,700

2,624

2,438

2,739

1,783

1,509

1,527

1,306

28,903

0

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

218,930

221,211

183,259

174,693

166,277

172,260

169,698

160,092

150,292

146,189

142,539

133,186

106,838

108,090

114,456

110,897

88,805

95,754

122,467

121,389

124,466

141,148

146,948

149,105

132,424

132,794

190,823

190,503

206,346

212,586

212,392

210,587

207,760

214,838

256,742

-

250,429

Total liabilities and stockholders’ equity

976,395

961,940

521,969

499,895

463,514

482,573

494,164

470,685

439,035

463,298

473,035

455,453

304,576

301,823

328,215

330,962

284,007

266,165

290,674

307,318

301,001

306,451

335,068

329,714

280,821

273,018

354,112

329,069

316,147

331,510

375,281

352,882

308,863

303,831

404,034

375,888

367,131