| 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, 2026 |
|
|
December 31, 2025 |
|
Current assets |
|
$ |
468,867 |
|
|
$ |
542,877 |
|
Noncurrent assets |
|
|
7,207 |
|
|
|
7,961 |
|
Total assets |
|
|
476,074 |
|
|
|
550,838 |
|
Current liabilities |
|
|
263,851 |
|
|
|
301,891 |
|
Noncurrent liabilities |
|
|
3,222 |
|
|
|
3,417 |
|
Total liabilities |
|
|
267,073 |
|
|
|
305,308 |
|
Total joint venture equity |
|
$ |
209,001 |
|
|
$ |
245,530 |
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
March 31, 2026 |
|
|
March 31, 2025 |
|
Revenue |
|
$ |
176,989 |
|
|
$ |
196,358 |
|
Costs |
|
|
152,302 |
|
|
|
164,954 |
|
Net income |
|
$ |
24,687 |
|
|
$ |
31,404 |
|
Net income attributable to noncontrolling interests |
|
$ |
12,285 |
|
|
$ |
15,584 |
|
|
| 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, 2026 |
|
|
December 31, 2025 |
|
Current assets |
|
$ |
1,444,215 |
|
|
$ |
1,549,367 |
|
Noncurrent assets |
|
|
430,998 |
|
|
|
439,496 |
|
Total assets |
|
|
1,875,213 |
|
|
|
1,988,863 |
|
Current liabilities |
|
|
953,170 |
|
|
|
1,046,970 |
|
Noncurrent liabilities |
|
|
477,343 |
|
|
|
469,833 |
|
Total liabilities |
|
|
1,430,513 |
|
|
|
1,516,803 |
|
Total joint venture equity |
|
$ |
444,700 |
|
|
$ |
472,060 |
|
Investments in and advances to unconsolidated joint ventures |
|
$ |
162,296 |
|
|
$ |
148,640 |
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
March 31, 2026 |
|
|
March 31, 2025 |
|
Revenue |
|
$ |
295,003 |
|
|
$ |
524,556 |
|
Costs |
|
|
276,896 |
|
|
|
520,876 |
|
Net income |
|
$ |
18,107 |
|
|
$ |
3,680 |
|
Equity in earnings of unconsolidated joint ventures |
|
$ |
6,156 |
|
|
$ |
(687 |
) |
|