Granite Construction Incorporated (GVA) Financial Statements (2023 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)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 396 | 436 | 290 | 303 | 301 | 254 | 278 | ||
| Cash and cash equivalents | 396 | 436 | 262 | 273 | 234 | 189 | 253 | ||
| Short-term investments | 28 | 30 | 68 | 65 | 25 | ||||
| Receivables | 465 | 541 | 547 | 473 | 480 | 419 | 341 | ||
| Inventory, net of allowances, customer advances and progress billings | 62 | 82 | 89 | 89 | 62 | 55 | 56 | ||
| Inventory | 62 | 82 | 89 | 89 | 62 | 55 | 56 | ||
| Contract with customer, asset | 165 | 211 | 220 | ✕ | ✕ | ✕ | |||
| Disposal group, including discontinued operation | 393 | ||||||||
| Costs in excess of billings | ✕ | ✕ | ✕ | ✕ | 104 | 73 | 59 | ||
| Other current assets | 177 | 42 | 46 | 49 | 37 | 40 | 27 | ||
| Other undisclosed current assets | 335 | 189 | 193 | 282 | 248 | 247 | 225 | ||
| Total current assets: | 1,827 | 1,455 | 1,377 | 1,415 | 1,232 | 1,089 | 985 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 49 | 62 | 73 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 434 | 527 | 542 | 550 | 407 | 407 | 385 | ||
| Long-term investments and receivables | 39 | 80 | 89 | 120 | 103 | 99 | 114 | ||
| Long-term investments | 39 | 80 | 89 | 120 | 103 | 99 | 114 | ||
| Intangible assets, net (including goodwill) | 54 | 117 | 264 | 259 | 54 | 54 | 54 | ||
| Goodwill | 54 | 117 | 264 | 259 | 54 | 54 | 54 | ||
| Deferred income tax assets | 24 | 42 | 50 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 68 | 96 | 107 | 132 | 75 | 85 | 86 | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 4 | |||||
| Total noncurrent assets: | 668 | 925 | 1,125 | 1,061 | 640 | 644 | 643 | ||
| TOTAL ASSETS: | 2,495 | 2,380 | 2,502 | 2,477 | 1,872 | 1,733 | 1,628 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 453 | 404 | 337 | 437 | 385 | 335 | 293 | ||
| Accounts payable | 251 | 238 | 199 | 158 | |||||
| Accrued liabilities | 126 | 126 | 109 | 107 | 80 | 82 | 79 | ||
| Employee-related liabilities | 87 | 114 | 70 | 78 | 68 | 54 | 57 | ||
| Other undisclosed accounts payable and accrued liabilities | 240 | 165 | 158 | ||||||
| Deferred revenue | 200 | 171 | 96 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 9 | 8 | 8 | 47 | 46 | 15 | 15 | ||
| Provision for loss on contracts | 30 | 28 | 9 | 2 | |||||
| Asset retirement obligation | 2 | 6 | 4 | 4 | 5 | 2 | 2 | ||
| Disposal group, including discontinued operation | 83 | ||||||||
| Other undisclosed current liabilities | 292 | 325 | 388 | 187 | 219 | 179 | 156 | ||
| Total current liabilities: | 1,069 | 943 | 842 | 678 | 655 | 530 | 466 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 364 | 377 | 415 | 335 | 178 | 229 | 245 | ||
| Long-term debt, excluding current maturities | 331 | 331 | 356 | 335 | 178 | 229 | 245 | ||
| Operating lease, liability | 33 | 47 | 59 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 66 | 68 | 67 | 62 | 44 | 46 | 47 | ||
| Deferred income tax liabilities | 2 | 3 | 4 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 64 | 65 | 63 | 62 | 44 | 46 | 47 | ||
| Other undisclosed noncurrent liabilities | 4 | 1 | 5 | ||||||
| Total noncurrent liabilities: | 430 | 445 | 482 | 401 | 224 | 281 | 292 | ||
| Total liabilities: | 1,499 | 1,388 | 1,324 | 1,079 | 879 | 811 | 758 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 968 | 976 | 1,141 | 1,352 | 945 | 886 | 839 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 560 | 555 | 549 | 565 | 160 | 150 | 139 | ||
| Accumulated other comprehensive income (loss) | (3) | (5) | (3) | (1) | 1 | (0) | |||
| Retained earnings | 411 | 425 | 594 | 787 | 784 | 736 | 699 | ||
| Stockholders' equity attributable to noncontrolling interest | 28 | 16 | 37 | 46 | 48 | 37 | 31 | ||
| Total stockholders' equity: | 996 | 992 | 1,178 | 1,398 | 993 | 923 | 870 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,495 | 2,380 | 2,502 | 2,477 | 1,872 | 1,733 | 1,628 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,010 | 3,562 | 3,446 | 3,318 | 2,990 | 2,515 | 2,371 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 2,990 | 2,515 | 2,371 | |
| Cost of revenue (Cost of Goods and Services Sold) | (2,704) | (3,218) | (3,224) | (2,929) | (2,675) | (2,213) | (2,068) | |
| Gross profit: | 306 | 345 | 222 | 389 | 315 | 301 | 303 | |
| Operating expenses | (223) | (503) | (305) | (333) | (216) | (209) | (193) | |
| Other operating expense, net | (95) | |||||||
| Other undisclosed operating income | 14 | 8 | ||||||
| Operating income (loss): | 1 | (158) | (83) | 64 | 99 | 92 | 110 | |
| Nonoperating income (expense) | (11) | (8) | 6 | 0 | 9 | 9 | 4 | |
| Investment income, nonoperating | 1 | 3 | 7 | 6 | 5 | 3 | 2 | |
| Other nonoperating income | 5 | 4 | 5 | 2 | 5 | 6 | 2 | |
| Interest and debt expense | (20) | (24) | (18) | (15) | (11) | (12) | (14) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (30) | (191) | (95) | 50 | 97 | 89 | 100 | |
| Income from equity method investments | 7 | 7 | 3 | |||||
| Other undisclosed income from continuing operations before income taxes | 20 | 24 | 18 | 15 | ||||
| Income (loss) from continuing operations before income taxes: | (9) | (166) | (77) | 64 | 104 | 96 | 103 | |
| Income tax expense (benefit) | 1 | 0 | 20 | (10) | (29) | (30) | (35) | |
| Income (loss) from continuing operations: | (8) | (166) | (57) | 54 | 76 | 66 | 68 | |
| Income from discontinued operations | 11 | |||||||
| Net income (loss): | 2 | (166) | (57) | 54 | 76 | 66 | 68 | |
| Net income (loss) attributable to noncontrolling interest | 21 | (3) | (11) | (7) | (9) | (8) | ||
| Other undisclosed net income attributable to parent | 8 | |||||||
| Net income (loss) available to common stockholders, diluted: | 10 | (145) | (60) | 42 | 69 | 57 | 60 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2 | (166) | (57) | 54 | 76 | 66 | 68 | |
| Other comprehensive income (loss) | 2 | (2) | (2) | (1) | 1 | 1 | ||
| Comprehensive income (loss): | 4 | (169) | (59) | 52 | 77 | 67 | 68 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 8 | 21 | (3) | (11) | (7) | (9) | (8) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 12 | (148) | (62) | 41 | 70 | 58 | 60 | |
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.