Everus Construction Group, Inc.
For the period ended Mar 31, 2025. Filed May 15, 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.
Mar 31, 2025 · Filed May 15, 2025
ECG$85.73+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets -- March 31 and December 31,
Condensed Consolidated Balance Sheets
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| (In thousands, except share and per share amounts) | ||
| Assets | ||
| Current assets: | ||
| Cash, cash equivalents and restricted cash | $73,981 | $86,012 |
| Receivables, net of allowances of $3,064 and $7,097, respectively | 592,809 | 590,028 |
| Contract assets | 221,910 | 167,049 |
| Inventories | 47,413 | 43,750 |
| Prepayments and other current assets | 34,854 | 30,390 |
| Total current assets | 970,967 | 917,229 |
| Noncurrent assets: | ||
| Property, plant and equipment, net of accumulated depreciation of $161,545 and $157,278, respectively | 145,801 | 134,409 |
| Goodwill | 143,224 | 143,224 |
| Other intangible assets, net of accumulated amortization of $6,990 and $10,334, respectively | — | 116 |
| Operating lease right-of-use assets | 67,742 | 67,045 |
| Investments | 23,504 | 21,286 |
| Other | 4,609 | 5,154 |
| Total noncurrent assets | 384,880 | 371,234 |
| Total assets | $1,355,847 | $1,288,463 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Long-term debt - current portion | $15,000 | $15,000 |
| Contract liabilities, net | 186,571 | 207,304 |
| Accounts payable | 182,335 | 138,097 |
| Taxes payable | 24,508 | 6,768 |
| Accrued compensation | 52,864 | 67,815 |
| Current portion of operating lease liabilities | 27,762 | 26,354 |
| Accrued payroll-related liabilities | 43,544 | 38,995 |
| Other accrued liabilities | 13,355 | 13,037 |
| Total current liabilities | 545,939 | 513,370 |
| Noncurrent liabilities: | ||
| Long-term debt | 277,123 | 280,648 |
| Deferred income taxes | 9,209 | 8,161 |
| Operating lease liabilities | 40,473 | 41,200 |
| Other | 22,904 | 22,472 |
| Total noncurrent liabilities | 349,709 | 352,481 |
| Total liabilities | $895,648 | $865,851 |
| Commitments and contingencies | ||
| Common stockholders’ equity: | ||
| Common stock, 300,000,000 shares authorized, $0.01 par value, 50,999,228 and 50,980,924 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | $510 | $510 |
| Other paid-in capital | 139,045 | 138,130 |
| Retained earnings | 320,644 | 283,972 |
| Total stockholders’ equity | 460,199 | 422,612 |
| Total liabilities and stockholders’ equity | $1,355,847 | $1,288,463 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.