STERLING INFRASTRUCTURE, INC.
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
STRL$290.67+15.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
| June 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents ($147,572 and $97,796 related to variable interest entities (“VIEs”)) | $699,373 | $664,195 |
| Accounts receivable ($36,550 and $17,851 related to VIEs) | 347,661 | 247,050 |
| Contract assets ($20 and $0 related to VIEs) | 51,778 | 55,387 |
| Receivables from and equity in construction joint ventures | 7,968 | 5,811 |
| Receivable from affiliate (Note 15) | 2,540 | 32,054 |
| Other current assets | 22,979 | 17,383 |
| Total current assets | 1,132,299 | 1,021,880 |
| Property and equipment, net | 244,810 | 236,795 |
| Investment in unconsolidated subsidiary | 109,040 | 107,400 |
| Operating lease right-of-use assets, net | 44,470 | 52,668 |
| Goodwill | 283,664 | 264,597 |
| Other intangibles, net | 329,158 | 316,390 |
| Other non-current assets, net | 17,449 | 17,044 |
| Total assets | $2,160,890 | $2,016,774 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable ($38,932 and $23,964 related to VIEs) | $159,259 | $130,420 |
| Contract liabilities ($80,640 and $51,660 related to VIEs) | 553,171 | 508,846 |
| Current maturities of long-term debt ($20 and $0 related to VIEs) | 15,162 | 26,423 |
| Current portion of long-term lease obligations | 18,202 | 20,498 |
| Accrued compensation | 36,596 | 36,774 |
| Other current liabilities | 13,841 | 18,997 |
| Total current liabilities | 796,231 | 741,958 |
| Long-term debt | 283,050 | 289,898 |
| Long-term lease obligations | 26,729 | 32,455 |
| Deferred tax liability, net | 114,774 | 109,360 |
| Other long-term liabilities | 28,733 | 16,625 |
| Total liabilities | 1,249,517 | 1,190,296 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity: | ||
| Common stock, par value $0.01 per share; 58,000 shares authorized, 31,170 and 31,170 shares issued and 30,419 and 30,669 shares outstanding | 312 | 312 |
| Additional paid in capital | 287,596 | 288,395 |
| Treasury stock, at cost: 751 and 501 shares | (99,126) | (63,121) |
| Retained earnings | 692,963 | 582,495 |
| Total Sterling stockholders’ equity | 881,745 | 808,081 |
| Noncontrolling interests | 29,628 | 18,397 |
| Total stockholders’ equity | 911,373 | 826,478 |
| Total liabilities and stockholders’ equity | $2,160,890 | $2,016,774 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.