EX-20.3 5 f96632exv20w3.txt EXHIBIT 20.3 Exhibit 20.3 GRANITE CONSTRUCTION INCORPORATED REVENUE AND BACKLOG ANALYSIS (DOLLARS IN THOUSANDS) BY MARKET SECTOR
REVENUE BACKLOG YEAR ENDED DECEMBER 31, VARIANCE DECEMBER 31, VARIANCE 2003 2002 AMOUNT PERCENT 2003 2002 AMOUNT PERCENT ---- ---- ------ ------- ---- ---- ------ ------- CONTRACTS Federal $ 63,852 $ 56,039 $ 7,813 13.9 $ 105,397 $ 96,469 $ 8,928 9.3 State 722,055 692,263 29,792 4.3 747,214 749,778 (2,564) (0.3) Local 553,146 515,071 38,075 7.4 962,255 858,313 103,942 12.1 ---------- ---------- -------- ---- ---------- ---------- --------- ---- Total public sector 1,339,053 1,263,373 75,680 6.0 1,814,866 1,704,560 110,306 6.5 Private sector 252,693 273,636 (20,943) (7.7) 170,922 151,891 19,031 12.5 AGGREGATE SALES 252,745 227,733 25,012 11.0 -- -- -- -- ---------- ---------- -------- ---- ---------- ---------- --------- ---- $1,844,491 $1,764,742 $ 79,749 4.5 $1,985,788 $1,856,451 $ 129,337 7.0 ========== ========== ======== ==== ========== ========== ========= ====
BY GEOGRAPHIC AREA
REVENUE BACKLOG YEAR ENDED DECEMBER 31, VARIANCE DECEMBER 31, VARIANCE 2003 2002 AMOUNT PERCENT 2003 2002 AMOUNT PERCENT ---- ---- ------ ------- ---- ---- ------ ------- CALIFORNIA $ 680,597 $ 738,392 $(57,795) (7.8) $ 259,035 $ 270,220 $ (11,185) (4.1) WEST (EXCL. CA) 593,781 598,432 (4,651) (0.8) 317,520 452,543 (135,023) (29.8) MIDWEST 59,911 73,612 (13,701) (18.6) 36,096 88,150 (52,054) (59.1) NORTHEAST 164,944 102,702 62,242 60.6 730,603 494,916 235,687 47.6 SOUTH 345,258 251,604 93,654 37.2 642,534 550,622 91,912 16.7 ---------- ---------- -------- ---- ---------- ---------- --------- ---- $1,844,491 $1,764,742 $ 79,749 4.5 $1,985,788 $1,856,451 $ 129,337 7.0 ========== ========== ======== ==== ========== ========== ========= ====