GRANITE CONSTRUCTION INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
GVA$124.92+3.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(dollars in thousands, except share and per share data)
| December 31, | 2023 | 2022 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents ($120,224 and $102,547 related to consolidated construction joint ventures (“CCJVs”)) | $417,663 | $293,991 |
| Short-term marketable securities | 35,863 | 39,374 |
| Receivables, net ($62,040 and $39,281 related to CCJVs) | 598,705 | 463,987 |
| Contract assets ($68,520 and $80,306 related to CCJVs) | 262,987 | 241,916 |
| Inventories | 103,898 | 86,809 |
| Equity in unconsolidated construction joint ventures | 171,233 | 183,808 |
| Other current assets ($5,590 and $5,694 related to CCJVs) | 53,102 | 37,411 |
| Total current assets | 1,643,451 | 1,347,296 |
| Property and equipment, net ($7,557 and $7,834 related to CCJVs) | 662,864 | 509,210 |
| Long-term marketable securities | — | 26,569 |
| Investments in affiliates | 92,910 | 80,725 |
| Goodwill | 155,004 | 73,703 |
| Intangible assets | 117,322 | 9,212 |
| Right of use assets | 78,176 | 49,079 |
| Deferred income taxes, net | 8,179 | 22,208 |
| Other noncurrent assets | 55,634 | 49,931 |
| Total assets | $2,813,540 | $2,167,933 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Current maturities of long-term debt | $39,932 | $1,447 |
| Accounts payable ($62,755 and $57,534 related to CCJVs) | 408,363 | 334,392 |
| Contract liabilities ($50,929 and $62,675 related to CCJVs) | 243,848 | 173,286 |
| Accrued expenses and other current liabilities ($5,426 and $8,451 related to CCJVs) | 337,740 | 288,469 |
| Total current liabilities | 1,029,883 | 797,594 |
| Long-term debt | 614,781 | 286,934 |
| Long-term lease liabilities | 63,548 | 32,170 |
| Deferred income taxes, net | 3,708 | 1,891 |
| Other long-term liabilities | 74,654 | 64,199 |
| Commitments and contingencies (see Note 20) | ||
| Equity | ||
| Preferred stock, $0.01 par value, authorized 3,000,000 shares, none outstanding | — | — |
| Common stock, $0.01 par value, authorized 150,000,000 shares; issued and outstanding: 43,944,118 shares as of December 31, 2023 and 43,743,907 shares as of December 31, 2022 | 439 | 437 |
| Additional paid-in capital | 474,134 | 470,407 |
| Accumulated other comprehensive income | 881 | 788 |
| Retained earnings | 501,844 | 481,384 |
| Total Granite Construction Incorporated shareholders’ equity | 977,298 | 953,016 |
| Non-controlling interests | 49,668 | 32,129 |
| Total equity | 1,026,966 | 985,145 |
| Total liabilities and equity | $2,813,540 | $2,167,933 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.