Granite Construction Incorporated (GVA) financial statements (2021 and earlier)

Company profile

Business Address 585 WEST BEACH ST
WATSONVILLE, CA 95076
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments436388289248290223186
Cash and cash equivalents436388289243262185145
Short-term investments   5283841
Receivables541662597478547700552
Inventory, net of allowances, customer advances and progress billings82102105998995102
Inventory82102105998995102
Contract with customer, asset165160192227211234258
Other current assets42485860464363
Other undisclosed current assets189185184190193210242
Total current assets:1,4551,5451,4241,3011,3771,5051,403
Noncurrent Assets
Operating lease, right-of-use asset626872737370 
Property, plant and equipment527536540535542543557
Long-term investments and receivables808280738995102
Long-term investments808280738995102
Intangible assets, net (including goodwill)117117249248264264264
Goodwill117117249248264264264
Deferred income tax assets4239415250  
Other noncurrent assets96100102102107118123
Other undisclosed noncurrent assets     38109
Total noncurrent assets:9259431,0851,0831,1251,1291,156
TOTAL ASSETS:2,3802,4882,5092,3842,5022,6342,558
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:404385358312337400303
Accounts payable 385358312 400303
Accrued liabilities126   109  
Employee-related liabilities114   70  
Other undisclosed accounts payable and accrued liabilities165   158  
Deferred revenue17118916013496106 
Debt888882448
Provision for loss on contracts2821126952
Asset retirement obligation6   4  
Other undisclosed current liabilities325371351349388321456
Total current liabilities:943975890810842856810
Noncurrent Liabilities
Long-term debt and lease obligation377458462414415452367
Long-term debt, excluding current maturities331406406356356395367
Operating lease, liability475256585957 
Liabilities, other than long-term debt68676661675858
Deferred income tax liabilities33334  
Other liabilities65646358635858
Other undisclosed noncurrent liabilities     566
Total noncurrent liabilities:445525528475482515491
Total liabilities:1,3881,4991,4181,2851,3241,3711,301
Stockholders' equity
Stockholders' equity attributable to parent9769721,0681,0681,1411,2211,207
Common stock0000000
Additional paid in capital555554553551549567568
Accumulated other comprehensive loss(5)(6)(6)(7)(3)(3)(3)
Retained earnings425423520523594656642
Stockholders' equity attributable to noncontrolling interest16172332374350
Total stockholders' equity:9929891,0911,1001,1781,2631,258
TOTAL LIABILITIES AND EQUITY:2,3802,4882,5092,3842,5022,6342,558

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues9461,0659166369481,088790
Cost of revenue
(Cost of Goods and Services Sold)
(839)(939)(827)(612)(806)(997)(842)
Gross profit:107126882414291(52)
Operating expenses(99)(212)(90)(102)(79)(69)(74)
Operating income (loss):8(86)(2)(78)6322(127)
Nonoperating income (expense)3(1)(1)(9)031
Investment income, nonoperating0111122
Other nonoperating income (expense)423(5)3(0)1
Interest and debt expense(6)(6)(7)(5)(5)(5)(4)
Income (loss) from continuing operations before equity method investments, income taxes:4(93)(9)(92)5821(130)
Other undisclosed income from continuing operations before income taxes6675554
Income (loss) from continuing operations before income taxes:11(87)(3)(87)6425(126)
Income tax expense (benefit)(5)(11)215(17)(3)32
Net income (loss):6(98)(1)(73)4622(94)
Net income (loss) attributable to noncontrolling interest27475(1)(4)
Net income (loss) available to common stockholders, diluted:8(91)3(65)5220(98)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):6(98)(1)(73)4622(94)
Other comprehensive income (loss)1(0)1(4)10(3)
Comprehensive income (loss):7(99)(0)(76)4722(97)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest27475(1)(4)
Comprehensive income (loss), net of tax, attributable to parent:9(91)4(69)5221(101)

Statements sources

The financial statements are based on the company's filings with the 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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