Granite Construction Incorporated (GVA) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 303301254278281279
Cash and cash equivalents 273234189253256229
Short-term investments 306865252650
Receivables 473480419341311314
Inventory, net of allowances, customer advances and progress billings 896255566962
Inventory 896255566962
Contract with customer, asset 220
Costs in excess of billings10473593633
Other current assets 493740272331
Other undisclosed current assets 282248247225249231
Total current assets: 1,4151,2321,089985970950
Noncurrent Assets
Property, plant and equipment 550407407385410437
Long-term investments and receivables 12010399114109100
Long-term investments 12010399114109100
Intangible assets, net (including goodwill) 2595454547678
Goodwill 2595454545454
Intangible assets, net (excluding goodwill)     2224
Other noncurrent assets 1327585867877
Deferred tax assets, net   4  
Other undisclosed noncurrent assets     (22)(24)
Total noncurrent assets: 1,061640644643650667
TOTAL ASSETS: 2,4771,8721,7331,6281,6201,617
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 437385335293271195
Accounts payable 251238199158152161
Accrued liabilities 10780827982 
Employee-related liabilities 786854573735
Debt 4746151500
Provision for loss on contracts 2     
Asset retirement obligation 4522710
Other undisclosed current liabilities 187219179156185292
Total current liabilities: 678655530466463498
Noncurrent Liabilities
Long-term debt and lease obligation 335178229245270270
Long-term debt, excluding current maturities 335178229245270270
Liabilities, other than long-term debt 624446478676
Asset retirement obligations     2119
Deferred tax liabilities, net    208
Other liabilities 624446474449
Other undisclosed noncurrent liabilities 415 (15)(13)
Total noncurrent liabilities: 401224281292341333
Total liabilities: 1,079879811758803831
Stockholders' equity
Stockholders' equity attributable to parent 1,352945886839794782
Common stock 000000
Additional paid in capital 565160150139134126
Accumulated other comprehensive income (loss) (1)1(0)   
Retained earnings 787784736699660655
Stockholders' equity attributable to noncontrolling interest 46483731234
Total stockholders' equity: 1,398993923870817786
TOTAL LIABILITIES AND EQUITY: 2,4771,8721,7331,6281,6201,617

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 3,3182,9902,5152,3712,2752,267
Revenue, net2,9902,5152,3712,2752,267
Cost of revenue
(Cost of Goods and Services Sold)
 (2,929)(2,675)(2,213)(2,068)(2,025)(2,082)
Gross profit: 389315301303250185
Operating expenses (333)(216)(209)(193)(186)(259)
Other undisclosed operating income 8   119
Operating income (loss): 64999211065(55)
Nonoperating income (expense) 0994(4)4
Investment income, nonoperating 6532(2)2
Other nonoperating income (expense) 2562(2)2
Interest and debt expense (15)(11)(12)(14)14(14)
Income (loss) from continuing operations before equity method investments, income taxes: 50978910076(65)
Income (loss) from equity method investments  773(1)1
Other undisclosed income (loss) from continuing operations before income taxes 15   (19) 
Income (loss) from continuing operations before income taxes: 641049610356(64)
Income tax expense (benefit) (10)(29)(30)(35)(20)19
Net income (loss): 5476666836(45)
Net income (loss) attributable to noncontrolling interest (11)(7)(9)(8)(11)8
Net income (loss) available to common stockholders, diluted: 4269576025(36)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): 5476666836(45)
Other comprehensive income (loss) (1)11   
Comprehensive income (loss): 5277676836(45)
Comprehensive loss, net of tax, attributable to noncontrolling interest (11)(7)(9)(8)(11)(8)
Comprehensive income (loss), net of tax, attributable to parent: 4170586025(53)

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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