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Investments in and Advances to Joint Ventures (Tables)
3 Months Ended
Mar. 31, 2022
Equity Method Investments And Joint Ventures [Abstract]  
Schedule of Financial Information of Consolidated Joint Ventures

The following represents financial information for consolidated joint ventures included in the consolidated financial statements (in thousands):

 

 

 

March 31, 2022

 

 

December 31, 2021

 

Current assets

 

$

214,229

 

 

$

246,342

 

Noncurrent assets

 

 

2,338

 

 

 

2,180

 

Total assets

 

 

216,567

 

 

 

248,522

 

Current liabilities

 

 

150,474

 

 

 

175,637

 

Total liabilities

 

 

150,474

 

 

 

175,637

 

Total joint venture equity

 

$

66,093

 

 

$

72,885

 

 

 

 

Three Months Ended

 

 

 

March 31, 2022

 

 

March 31, 2021

 

Revenue

 

$

95,534

 

 

$

96,624

 

Costs

 

 

88,842

 

 

 

86,306

 

Net income

 

$

6,692

 

 

$

10,318

 

Net income attributable to noncontrolling interests

 

$

3,176

 

 

$

4,975

 

Summary of Financial Information for Unconsolidated Joint Ventures

The following represents the financial information of the Company’s unconsolidated joint ventures as presented in their unaudited financial statements (in thousands):

 

 

 

March 31, 2022

 

 

December 31, 2021

 

Current assets

 

$

1,707,836

 

 

$

1,620,735

 

Noncurrent assets

 

 

539,798

 

 

 

531,261

 

Total assets

 

 

2,247,634

 

 

 

2,151,996

 

Current liabilities

 

 

1,252,393

 

 

 

1,088,985

 

Noncurrent liabilities

 

 

603,929

 

 

 

669,911

 

Total liabilities

 

 

1,856,322

 

 

 

1,758,896

 

Total joint venture equity

 

$

391,312

 

 

$

393,100

 

Investments in and advances to unconsolidated joint ventures

 

$

114,234

 

 

$

110,688

 

 

 

 

Three Months Ended

 

 

 

March 31, 2022

 

 

March 31, 2021

 

Revenue

 

$

384,581

 

 

$

236,517

 

Costs

 

 

373,286

 

 

 

210,847

 

Net income

 

$

11,295

 

 

$

25,670

 

Equity in earnings of unconsolidated joint ventures

 

$

5,598

 

 

$

7,530