XML 28 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents ($156,912 and $173,118 related to variable interest entities (“VIEs”)) $ 267,072 $ 380,564
Restricted cash 12,417 14,116
Restricted investments 134,182 130,287
Accounts receivable ($60,049 and $84,014 related to VIEs) 1,087,369 1,054,014
Retention receivable ($157,536 and $161,187 related to VIEs) 546,668 580,926
Costs and estimated earnings in excess of billings ($87,833 and $58,089 related to VIEs) 1,160,710 1,143,846
Other current assets ($18,918 and $26,725 related to VIEs) 187,822 217,601
Total current assets 3,396,240 3,521,354
PROPERTY AND EQUIPMENT (“P&E”), net of accumulated depreciation of $548,937 and $534,171 (net P&E of $29,449 and $35,135 related to VIEs) 434,371 441,291
GOODWILL 205,143 205,143
INTANGIBLE ASSETS, NET 67,187 68,305
DEFERRED INCOME TAXES 67,284 74,083
OTHER ASSETS 123,523 119,680
TOTAL ASSETS 4,293,748 4,429,856
CURRENT LIABILITIES:    
Current maturities of long-term debt 18,602 117,431
Accounts payable ($28,980 and $24,160 related to VIEs) 622,776 466,545
Retention payable ($18,444 and $22,841 related to VIEs) 223,962 223,138
Billings in excess of costs and estimated earnings ($394,866 and $439,759 related to VIEs) 987,447 1,103,530
Accrued expenses and other current liabilities ($10,620 and $18,206 related to VIEs) 207,877 214,309
Total current liabilities 2,060,664 2,124,953
LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $31,387 and $11,000 657,835 782,314
OTHER LONG-TERM LIABILITIES 259,132 238,678
TOTAL LIABILITIES 2,977,631 3,145,945
COMMITMENTS AND CONTINGENCIES (NOTE 11)
Stockholders' equity:    
Preferred stock - authorized 1,000,000 shares ($1 par value), none issued 0 0
Common stock - authorized 112,500,000 shares ($1 par value), issued and outstanding 52,389,430 and 52,025,497 shares 52,389 52,025
Additional paid-in capital 1,148,074 1,146,204
Retained earnings 149,718 133,146
Accumulated other comprehensive loss (40,226) (39,787)
Total stockholders' equity 1,309,955 1,291,588
Noncontrolling interests 6,162 (7,677)
TOTAL EQUITY 1,316,117 1,283,911
TOTAL LIABILITIES AND EQUITY $ 4,293,748 $ 4,429,856