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)

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 investments396436290303301254278
Cash and cash equivalents396436262273234189253
Short-term investments  2830686525
Receivables465541547473480419341
Inventory, net of allowances, customer advances and progress billings62828989625556
Inventory62828989625556
Contract with customer, asset 165211220
Disposal group, including discontinued operation393      
Costs in excess of billings1047359
Other current assets177424649374027
Other undisclosed current assets335189193282248247225
Total current assets:1,8271,4551,3771,4151,2321,089985
Noncurrent Assets
Operating lease, right-of-use asset496273
Property, plant and equipment434527542550407407385
Long-term investments and receivables39808912010399114
Long-term investments39808912010399114
Intangible assets, net (including goodwill)54117264259545454
Goodwill54117264259545454
Deferred income tax assets244250
Other noncurrent assets6896107132758586
Deferred tax assets, net   4
Total noncurrent assets:6689251,1251,061640644643
TOTAL ASSETS:2,4952,3802,5022,4771,8721,7331,628
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:453404337437385335293
Accounts payable   251238199158
Accrued liabilities126126109107808279
Employee-related liabilities871147078685457
Other undisclosed accounts payable and accrued liabilities240165158    
Deferred revenue20017196
Debt98847461515
Provision for loss on contracts302892   
Asset retirement obligation2644522
Disposal group, including discontinued operation83      
Other undisclosed current liabilities292325388187219179156
Total current liabilities:1,069943842678655530466
Noncurrent Liabilities
Long-term debt and lease obligation364377415335178229245
Long-term debt, excluding current maturities331331356335178229245
Operating lease, liability334759
Liabilities, other than long-term debt66686762444647
Deferred income tax liabilities234
Other liabilities64656362444647
Other undisclosed noncurrent liabilities   415 
Total noncurrent liabilities:430445482401224281292
Total liabilities:1,4991,3881,3241,079879811758
Stockholders' equity
Stockholders' equity attributable to parent9689761,1411,352945886839
Common stock0000000
Additional paid in capital560555549565160150139
Accumulated other comprehensive income (loss)(3)(5)(3)(1)1(0) 
Retained earnings411425594787784736699
Stockholders' equity attributable to noncontrolling interest28163746483731
Total stockholders' equity:9969921,1781,398993923870
TOTAL LIABILITIES AND EQUITY:2,4952,3802,5022,4771,8721,7331,628

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,0103,5623,4463,3182,9902,5152,371
Revenue, net2,9902,5152,371
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:306345222389315301303
Operating expenses(223)(503)(305)(333)(216)(209)(193)
Other operating expense, net(95)      
Other undisclosed operating income14  8   
Operating income (loss):1(158)(83)649992110
Nonoperating income (expense)(11)(8)60994
Investment income, nonoperating1376532
Other nonoperating income5452562
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)509789100
Income from equity method investments    773
Other undisclosed income from continuing operations before income taxes20241815   
Income (loss) from continuing operations before income taxes:(9)(166)(77)6410496103
Income tax expense (benefit)1020(10)(29)(30)(35)
Income (loss) from continuing operations:(8)(166)(57)54766668
Income from discontinued operations11      
Net income (loss):2(166)(57)54766668
Net income (loss) attributable to noncontrolling interest 21(3)(11)(7)(9)(8)
Other undisclosed net income attributable to parent8      
Net income (loss) available to common stockholders, diluted:10(145)(60)42695760

Comprehensive Income ($ in millions)

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)54766668
Other comprehensive income (loss)2(2)(2)(1)11 
Comprehensive income (loss):4(169)(59)52776768
Comprehensive income (loss), net of tax, attributable to noncontrolling interest821(3)(11)(7)(9)(8)
Comprehensive income (loss), net of tax, attributable to parent:12(148)(62)41705860

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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