Granite Construction Incorporated (GVA) Financial Statements (2025 and earlier)

Company Profile

Business Address 585 WEST BEACH ST
WATSONVILLE, CA 95076
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 16 - Heavy Construction Other Than Building Construction Contractors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments454333396436290303
Cash and cash equivalents418294396436262273
Short-term investments3639  2830
Receivables599464465541547473
Inventory, net of allowances, customer advances and progress billings1048762828989
Inventory1048762828989
Contract with customer, asset, after allowance for credit loss263242 165211220
Disposal group, including discontinued operation   393   
Other current assets5337177424649
Other undisclosed current assets171184335189193282
Total current assets:1,6431,3471,8271,4551,3771,415
Noncurrent Assets
Operating lease, right-of-use asset7849496273
Property, plant and equipment663509434527542550
Long-term investments and receivables93107398089120
Long-term investments93107398089120
Intangible assets, net (including goodwill)2727454117264259
Goodwill1557454117264259
Intangible assets, net (excluding goodwill)117     
Deferred income tax assets822244250
Other noncurrent assets56596896107132
Total noncurrent assets:1,1708216689251,1251,061
TOTAL ASSETS:2,8142,1682,4952,3802,5022,477
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:338288453404337437
Employee-related liabilities871147078
Accounts payable      251
Accrued liabilities248210126126109107
Other undisclosed accounts payable and accrued liabilities9079240165158 
Deferred revenue24417320017196
Debt40198847
Provision for loss on contracts1621302892
Asset retirement obligation 622644
Disposal group, including discontinued operation   83   
Other undisclosed current liabilities387312292325388187
Total current liabilities:1,0307981,069943842678
Noncurrent Liabilities
Long-term debt and lease obligation615287364377415335
Long-term debt, excluding current maturities615287331331356335
Liabilities, other than long-term debt1429866686762
Deferred income tax liabilities42234
Other liabilities756464656362
Operating lease, liability6432334759
Other undisclosed noncurrent liabilities      4
Total noncurrent liabilities:757385430445482401
Total liabilities:1,7871,1831,4991,3881,3241,079
Equity
Equity, attributable to parent9779539689761,1411,352
Common stock000000
Additional paid in capital474470560555549565
Accumulated other comprehensive income (loss)11(3)(5)(3)(1)
Retained earnings502481411425594787
Equity, attributable to noncontrolling interest503228163746
Total equity:1,0279859969921,1781,398
TOTAL LIABILITIES AND EQUITY:2,8142,1682,4952,3802,5022,477

Income Statement (P&L) ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues3,5093,3013,0103,5623,4463,318
Cost of revenue
(Cost of Goods and Services Sold)
(3,113)(2,932)(2,704)(3,218)(3,224)(2,929)
Gross profit:396369306345222389
Operating expenses(266)(260)(223)(503)(305)(333)
Other operating expense, net(50)(24)(95)   
Other undisclosed operating income   14  8
Operating income (loss):80851(158)(83)64
Nonoperating income (expense)(20)6(11)(8)60
Investment income, nonoperating1871376
Other nonoperating income (expense)6(1)5452
Interest and debt expense(51)(13)(20)(24)(18)(15)
Income (loss) from continuing operations before equity method investments, income taxes:979(30)(191)(95)50
Other undisclosed income from continuing operations before income taxes511320241815
Income (loss) from continuing operations before income taxes:6092(9)(166)(77)64
Income tax expense (benefit)(30)(13)1020(10)
Income (loss) from continuing operations:3079(8)(166)(57)54
Income (loss) before gain (loss) on sale of properties:2(166)(57)54
Income from discontinued operations   11   
Net income (loss):30792(166)(57)54
Net income (loss) attributable to noncontrolling interest144 21(3)(11)
Other undisclosed net income attributable to parent   8   
Net income (loss) available to common stockholders, basic:448310(145)(60)42
Interest on convertible debt86    
Dilutive securities, effect on basic earnings per share      
Other undisclosed net income available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:518910(145)(60)42

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):30792(166)(57)54
Other comprehensive income (loss)042(2)(2)(1)
Comprehensive income (loss):30834(169)(59)52
Comprehensive income (loss), net of tax, attributable to noncontrolling interest144821(3)(11)
Comprehensive income (loss), net of tax, attributable to parent:448712(148)(62)41

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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