Granite Construction Incorporated (GVA) Financial Statements (2024 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)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments333396436290303301
Cash and cash equivalents294396436262273234
Short-term investments39  283068
Receivables464465541547473480
Inventory, net of allowances, customer advances and progress billings876282898962
Inventory876282898962
Contract with customer, asset, after allowance for credit loss242 165211220
Disposal group, including discontinued operation  393    
Other current assets3717742464937
Costs in excess of billings104
Other undisclosed current assets184335189193282248
Total current assets:1,3471,8271,4551,3771,4151,232
Noncurrent Assets
Operating lease, right-of-use asset49496273
Property, plant and equipment509434527542550407
Long-term investments and receivables107398089120103
Long-term investments107398089120103
Intangible assets, net (including goodwill)745411726425954
Goodwill745411726425954
Intangible assets, net (excluding goodwill)      
Deferred income tax assets22244250
Other noncurrent assets59689610713275
Total noncurrent assets:8216689251,1251,061640
TOTAL ASSETS:2,1682,4952,3802,5022,4771,872
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:288453404337437385
Employee-related liabilities87114707868
Accounts payable     251238
Accrued liabilities21012612610910780
Other undisclosed accounts payable and accrued liabilities79240165158  
Deferred revenue17320017196
Debt19884746
Provision for loss on contracts21302892 
Asset retirement obligation226445
Disposal group, including discontinued operation  83    
Other undisclosed current liabilities312292325388187219
Total current liabilities:7981,069943842678655
Noncurrent Liabilities
Long-term debt and lease obligation287364377415335178
Long-term debt, excluding current maturities287331331356335178
Liabilities, other than long-term debt986668676244
Deferred income tax liabilities2234
Other liabilities646465636244
Operating lease, liability32334759
Other undisclosed noncurrent liabilities     41
Total noncurrent liabilities:385430445482401224
Total liabilities:1,1831,4991,3881,3241,079879
Equity
Equity, attributable to parent9539689761,1411,352945
Common stock000000
Additional paid in capital470560555549565160
Accumulated other comprehensive income (loss)1(3)(5)(3)(1)1
Retained earnings481411425594787784
Equity, attributable to noncontrolling interest322816374648
Total equity:9859969921,1781,398993
TOTAL LIABILITIES AND EQUITY:2,1682,4952,3802,5022,4771,872

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,3013,0103,5623,4463,3182,990
Revenue, net2,990
Cost of revenue
(Cost of Goods and Services Sold)
(2,932)(2,704)(3,218)(3,224)(2,929)(2,675)
Gross profit:369306345222389315
Operating expenses(260)(223)(503)(305)(333)(216)
Other operating expense, net(24)(95)    
Other undisclosed operating income  14  8 
Operating income (loss):851(158)(83)6499
Nonoperating income (expense)6(11)(8)609
Investment income, nonoperating713765
Other nonoperating income (expense)(1)54525
Interest and debt expense(13)(20)(24)(18)(15)(11)
Income (loss) from continuing operations before equity method investments, income taxes:79(30)(191)(95)5097
Income from equity method investments      7
Other undisclosed income from continuing operations before income taxes1320241815 
Income (loss) from continuing operations before income taxes:92(9)(166)(77)64104
Income tax expense (benefit)(13)1020(10)(29)
Income (loss) from continuing operations:79(8)(166)(57)5476
Income (loss) before gain (loss) on sale of properties:2(166)(57)5476
Income from discontinued operations  11    
Net income (loss):792(166)(57)5476
Net income (loss) attributable to noncontrolling interest4 21(3)(11)(7)
Other undisclosed net income attributable to parent  8    
Net income (loss) available to common stockholders, basic:8310(145)(60)4269
Interest on convertible debt6     
Net income (loss) available to common stockholders, diluted:8910(145)(60)4269

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):792(166)(57)5476
Other comprehensive income (loss)42(2)(2)(1)1
Comprehensive income (loss):834(169)(59)5277
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4821(3)(11)(7)
Comprehensive income (loss), net of tax, attributable to parent:8712(148)(62)4170

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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