Sterling Construction Company Inc (STRL) financial statements (2021 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)

12/31/2020
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 investments6646948443423
Cash and cash equivalents6646948443423
Receivables177248145134848279
Inventory, net of allowances, customer advances and progress billings  35437
Inventory  35437
Capitalized contract cost  42
Disposal group, including discontinued operation     1 
Costs in excess of billings37332733
Other current assets161288565
Other undisclosed current assets1025211117129
Total current assets:362358303279176135157
Noncurrent Assets
Finance lease, right-of-use asset11
Operating lease, right-of-use asset1714
Property, plant and equipment 1165254687387
Intangible assets, net (including goodwill)437448128130555555
Goodwill1921928585555555
Intangible assets, net (excluding goodwill)2452564245   
Deferred income tax assets8 
Other noncurrent assets3000348
Other undisclosed noncurrent assets12625     
Total noncurrent assets:591604180185126132149
TOTAL ASSETS:953962483463302267306
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities113153114116796978
Accounts payable951389997675967
Accrued liabilities  59644
Employee-related liabilities181499565
Taxes payable 100002
Deferred revenue11485
Debt785034451
Derivative instruments and hedges, liabilities      0
Billings in excess of cost62643126
Contract with customer, liability62
Other liabilities106     
Other undisclosed current liabilities7     (0)
Total current liabilities:322294179182147105105
Noncurrent Liabilities
Long-term debt and lease obligation301398798621637
Long-term debt, excluding current maturities291391798621637
Finance lease, liability01
Operating lease, liability97
Liabilities, other than long-term debt, including:11111001
Financial instruments subject to mandatory redemption, settlement terms, share value, amount      23
Other liabilities111     
Other undisclosed liabilities, other than long-term debt  1100(22)
Other undisclosed noncurrent liabilities51485147455023
Total noncurrent liabilities:362447131135476761
Total liabilities:684741310317194172165
Stockholders' equity
Stockholders' equity attributable to parent26722016414110796134
Common stock0000000
Treasury stock, value(1)(6)(5)    
Additional paid in capital256251234231209188206
Accumulated other comprehensive loss(5)(0)    (0)
Retained earnings (accumulated deficit)17(25)(65)(90)(102)(93)(72)
Stockholders' equity attributable to noncontrolling interest11851(0)7
Total stockholders' equity:26922117214610896141
TOTAL LIABILITIES AND EQUITY:953962483463302267306

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
Revenues1,4271,1261,038958690624672
Cost of revenue
(Cost of Goods and Services Sold)
(1,236)(1,018)(927)(869)(646)(595)(640)
Gross profit:19110811089442932
Operating expenses(84)(58)(51)(48)(39)(42)(36)
Other operating income (expense), net(13)(12)(17)(15)(10)(1)0
Other undisclosed operating loss      (1)
Operating income (loss):95384326(5)(14)(4)
Interest and debt expense(3)(8)(3)(1)(0)(1)(0)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (9)(2)(2)(0)
Income (loss) from continuing operations before income taxes:92303916(7)(17)(5)
Income tax expense (benefit)(22)26(2)(0)(0)(0)(1)
Income (loss) before gain (loss) on sale of properties:69563816(7)(17)(5)
Other undisclosed net loss(26)(16)(8)    
Net income (loss):43413016(7)(17)(5)
Net loss attributable to noncontrolling interest (1)(4)(4)(2)(3)(5)
Net income (loss) attributable to parent:43402512(9)(20)(10)
Other undisclosed net loss available to common stockholders, basic(1)      
Net income (loss) available to common stockholders, diluted:42402512(9)(20)(10)

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):43413016(7)(17)(5)
Other comprehensive loss(8)(0)     
Other undisclosed comprehensive income3      
Comprehensive income (loss):38403016(7)(17)(5)
Comprehensive loss, net of tax, attributable to noncontrolling interest(1) (4)(4)(2)(3)(5)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (1)44234
Comprehensive income (loss), net of tax, attributable to parent:37403016(7)(17)(5)

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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