Sterling Construction Company Inc (STRL) financial statements (2020 and earlier)

Company profile

Business Address 1800 HUGHES LANDING BLVD.
THE WOODLANDS, TX 77380
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)

12/31/2019
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 investments469484434232
Cash and cash equivalents469484434232
Receivables24814513484827977
Inventory, net of allowances, customer advances and progress billings 354376
Inventory 354376
Capitalized contract cost 42
Disposal group, including discontinued operation    1  
Costs in excess of billings3733273312
Other current assets128856511
Other undisclosed current assets52111171296
Total current assets:358303279176135157114
Noncurrent Assets
Finance lease, right-of-use asset1
Operating lease, right-of-use asset14
Property, plant and equipment116525468738794
Intangible assets, net (including goodwill)44812813055555555
Goodwill192858555555555
Intangible assets, net (excluding goodwill)2564245    
Other noncurrent assets00034810
Other undisclosed noncurrent assets25      
Total noncurrent assets:604180185126132149159
TOTAL ASSETS:962483463302267306273
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15311411679697874
Accounts payable138999767596762
Accrued liabilities 596445
Employee-related liabilities14995656
Taxes payable1000022
Deferred revenue85
Debt50344510
Derivative instruments and hedges, liabilities     0 
Billings in excess of cost6264312632
Contract with customer, liability62
Other liabilities6      
Other undisclosed current liabilities     (0)0
Total current liabilities:294179182147105105106
Noncurrent Liabilities
Long-term debt and lease obligation3987986216378
Long-term debt, excluding current maturities3917986216378
Finance lease, liability1
Operating lease, liability7
Liabilities, other than long-term debt, including:1110012
Financial instruments subject to mandatory redemption, settlement terms, share value, amount     2324
Other liabilities1      
Other undisclosed liabilities, other than long-term debt 1100(22)(22)
Other undisclosed noncurrent liabilities48514745502324
Total noncurrent liabilities:44713113547676134
Total liabilities:741310317194172165140
Stockholders' equity
Stockholders' equity attributable to parent22016414110796134129
Common stock0000000
Treasury stock, value(6)(5)     
Additional paid in capital251234231209188206191
Accumulated other comprehensive income (loss)(0)    (0)0
Accumulated deficit(25)(65)(90)(102)(93)(72)(62)
Stockholders' equity attributable to noncontrolling interest1851(0)74
Total stockholders' equity:22117214610896141133
TOTAL LIABILITIES AND EQUITY:962483463302267306273

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,1261,038958690624672556
Cost of revenue
(Cost of Goods and Services Sold)
(1,018)(927)(869)(646)(595)(640)(586)
Gross profit:10811089442932(30)
Operating expenses(58)(51)(48)(39)(42)(36)(39)
Other operating income (expense), net(12)(17)(15)(10)(1)01
Other undisclosed operating loss     (1)(2)
Operating income (loss):384326(5)(14)(4)(70)
Nonoperating income      1
Investment income, nonoperating      1
Other nonoperating income      1
Interest and debt expense(8)(3)(1)(0)(1)(0) 
Other undisclosed loss from continuing operations before equity method investments, income taxes  (9)(2)(2)(0)(0)
Income (loss) from continuing operations before income taxes:303916(7)(17)(5)(69)
Income tax expense (benefit)26(2)(0)(0)(0)(1)(1)
Other undisclosed loss from continuing operations      (12)
Income (loss) before gain (loss) on sale of properties:563816(7)(17)(5)(82)
Other undisclosed net income (loss)(16)(8)    12
Net income (loss):413016(7)(17)(5)(70)
Net loss attributable to noncontrolling interest(1)(4)(4)(2)(3)(5)(4)
Net income (loss) available to common stockholders, diluted:402512(9)(20)(10)(74)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):413016(7)(17)(5)(70)
Other comprehensive loss(0)     (1)
Comprehensive income (loss):403016(7)(17)(5)(71)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (4)(4)(2)(3)(5)4
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)44234(4)
Comprehensive income (loss), net of tax, attributable to parent:403016(7)(17)(5)(71)

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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