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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments436290303301254278281
Cash and cash equivalents436262273234189253256
Short-term investments 283068652526
Receivables541547473480419341311
Inventory, net of allowances, customer advances and progress billings82898962555669
Inventory82898962555669
Contract with customer, asset165211220
Costs in excess of billings104735936
Other current assets42464937402723
Other undisclosed current assets189193282248247225249
Total current assets:1,4551,3771,4151,2321,089985970
Noncurrent Assets
Operating lease, right-of-use asset6273
Property, plant and equipment527542550407407385410
Long-term investments and receivables808912010399114109
Long-term investments808912010399114109
Intangible assets, net (including goodwill)11726425954545476
Goodwill11726425954545454
Intangible assets, net (excluding goodwill)      22
Deferred income tax assets4250
Other noncurrent assets9610713275858678
Deferred tax assets, net   4 
Other undisclosed noncurrent assets      (22)
Total noncurrent assets:9251,1251,061640644643650
TOTAL ASSETS:2,3802,5022,4771,8721,7331,6281,620
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:404337437385335293271
Accounts payable  251238199158152
Accrued liabilities12610910780827982
Employee-related liabilities114707868545737
Other undisclosed accounts payable and accrued liabilities165158     
Deferred revenue17196
Debt88474615150
Provision for loss on contracts2892    
Asset retirement obligation6445227
Other undisclosed current liabilities325388187219179156185
Total current liabilities:943842678655530466463
Noncurrent Liabilities
Long-term debt and lease obligation377415335178229245270
Long-term debt, excluding current maturities331356335178229245270
Operating lease, liability4759
Liabilities, other than long-term debt68676244464786
Asset retirement obligations      21
Deferred tax liabilities, net    20
Deferred income tax liabilities34
Other liabilities65636244464744
Other undisclosed noncurrent liabilities  415 (15)
Total noncurrent liabilities:445482401224281292341
Total liabilities:1,3881,3241,079879811758803
Stockholders' equity
Stockholders' equity attributable to parent9761,1411,352945886839794
Common stock0000000
Additional paid in capital555549565160150139134
Accumulated other comprehensive income (loss)(5)(3)(1)1(0)  
Retained earnings425594787784736699660
Stockholders' equity attributable to noncontrolling interest16374648373123
Total stockholders' equity:9921,1781,398993923870817
TOTAL LIABILITIES AND EQUITY:2,3802,5022,4771,8721,7331,6281,620

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,5623,4463,3182,9902,5152,3712,275
Revenue, net2,9902,5152,3712,275
Cost of revenue
(Cost of Goods and Services Sold)
(3,218)(3,224)(2,929)(2,675)(2,213)(2,068)(2,025)
Gross profit:345222389315301303250
Operating expenses(503)(305)(333)(216)(209)(193)(186)
Other undisclosed operating income  8   1
Operating income (loss):(158)(83)64999211065
Nonoperating income (expense)(8)60994(4)
Investment income, nonoperating376532(2)
Other nonoperating income (expense)452562(2)
Interest and debt expense(24)(18)(15)(11)(12)(14)14
Income (loss) from continuing operations before equity method investments, income taxes:(191)(95)50978910076
Income (loss) from equity method investments   773(1)
Other undisclosed income (loss) from continuing operations before income taxes241815   (19)
Income (loss) from continuing operations before income taxes:(166)(77)641049610356
Income tax expense (benefit)020(10)(29)(30)(35)(20)
Net income (loss):(166)(57)5476666836
Net income (loss) attributable to noncontrolling interest21(3)(11)(7)(9)(8)(11)
Net income (loss) available to common stockholders, diluted:(145)(60)4269576025

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(166)(57)5476666836
Other comprehensive income (loss)(2)(2)(1)11  
Comprehensive income (loss):(169)(59)5277676836
Comprehensive income (loss), net of tax, attributable to noncontrolling interest21(3)(11)(7)(9)(8)(11)
Comprehensive income (loss), net of tax, attributable to parent:(148)(62)4170586025

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: