Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations

The carrying amounts of the major classes of assets and liabilities related to the discontinued operations of Everus included in the Company’s Consolidated Balance Sheet at December 31, 2023 were as follows:

	December 31, 2023
Assets	(In Thousands)
Current assets:
Cash and cash equivalents	$	16,501
Receivables, net	692,629
Inventories	42,709
Prepayments and other current assets	17,651
Total current assets of discontinued operations	769,490
Noncurrent assets:
Net property, plant and equipment	116,018
Goodwill	143,224
Other intangible assets, net	2,004
Investments	11,760
Operating lease right-of-use assets	53,232
Other	21,627
Total noncurrent assets of discontinued operations	347,865
Total assets of discontinued operations	$	1,117,355
Liabilities
Current liabilities:
Accounts payable	$	315,240
Taxes payable	8,557
Accrued compensation	44,721
Operating lease liabilities due within one year	21,143
Other accrued liabilities	53,619
Total current liabilities of discontinued operations	443,280
Noncurrent liabilities:
Long-term debt	132,000
Deferred income taxes	6,212
Operating lease liabilities	32,504
Other	8,934
Total noncurrent liabilities of discontinued operations	179,650
Total liabilities of discontinued operations	$	622,930

The reconciliation of the major classes of income and expense constituting pretax income from discontinued operations to the after-tax income from discontinued operations on the Consolidated Statements of Income were as follows:

	2024		2023		2022
	(In thousands)
Operating revenues	$	2,377,332	$	3,589,251	$	5,226,766
Operating expenses	2,241,162		3,422,393		4,853,408
Operating (loss) income	136,170		166,858		373,358
Other income (expense)	12,446		10,599		4,119
Interest expense	7,118		47,229		38,590
Income from discontinued operations before income taxes	141,498		130,228		338,887
Income taxes	41,463		45,638		88,650
Discontinued operations, net of tax	$	100,035	$	84,590	$	250,237