GRANITE CONSTRUCTION INC
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
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, | 2024 | 2023 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents ($173,894 and $120,224 related to consolidated construction joint ventures (“CCJVs”)) | $578,330 | $417,663 |
| Short-term marketable securities | 7,311 | 35,863 |
| Receivables, net ($33,708 and $62,040 related to CCJVs) | 511,742 | 598,705 |
| Contract assets ($115,834 and $68,520 related to CCJVs) | 328,353 | 262,987 |
| Inventories | 108,175 | 103,898 |
| Equity in unconsolidated construction joint ventures | 140,928 | 171,233 |
| Other current assets ($3,982 and $5,590 related to CCJVs) | 41,824 | 53,102 |
| Total current assets | 1,716,663 | 1,643,451 |
| Property and equipment, net ($6,792 and $7,557 related to CCJVs) | 716,184 | 662,864 |
| Investments in affiliates | 94,031 | 92,910 |
| Goodwill | 214,465 | 155,004 |
| Intangible assets | 127,886 | 117,322 |
| Right of use assets | 89,791 | 78,176 |
| Deferred income taxes, net | — | 8,179 |
| Other noncurrent assets | 66,635 | 55,634 |
| Total assets | $3,025,655 | $2,813,540 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Current maturities of long-term debt | $1,109 | $39,932 |
| Accounts payable ($74,745 and $62,755 related to CCJVs) | 407,223 | 408,363 |
| Contract liabilities ($80,096 and $50,929 related to CCJVs) | 299,671 | 243,848 |
| Accrued expenses and other current liabilities ($4,706 and $5,426 related to CCJVs) | 323,956 | 337,740 |
| Total current liabilities | 1,031,959 | 1,029,883 |
| Long-term debt | 737,939 | 614,781 |
| Long-term lease liabilities | 73,638 | 63,548 |
| Deferred income taxes, net | 13,874 | 3,708 |
| Other long-term liabilities | 88,882 | 74,654 |
| 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: 43,424,646 shares as of December 31, 2024 and 43,944,118 shares as of December 31, 2023 | 434 | 439 |
| Additional paid-in capital | 410,739 | 474,134 |
| Accumulated other comprehensive income (loss) | (582) | 881 |
| Retained earnings | 604,635 | 501,844 |
| Total Granite Construction Incorporated shareholders’ equity | 1,015,226 | 977,298 |
| Non-controlling interests | 64,137 | 49,668 |
| Total equity | 1,079,363 | 1,026,966 |
| Total liabilities and equity | $3,025,655 | $2,813,540 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.