v3.26.1
Investments in Affiliates
 6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Affiliates Investments in Affiliates
Our investments in affiliates balance consists of equity method investments in the following types of entities:
(in thousands)June 30, 2026December 31, 2025
Foreign$81,558 $75,838 
Real estate4,234 4,120 
Asphalt terminal16,632 16,806 
Total investments in affiliates$102,424 $96,764 
The following table provides summarized balance sheet information for our affiliates accounted for under the equity method on a combined basis:
(in thousands)June 30, 2026December 31, 2025
Current assets$224,244 $215,601 
Noncurrent assets117,697 122,280 
Total assets$341,941 $337,881 
Current liabilities77,341 73,005 
Long-term liabilities (1)43,631 51,087 
Total liabilities$120,972 $124,092 
Net assets$220,969 $213,789 
Granite’s share of net assets$102,424 $96,764 
(1)This balance is primarily related to local bank debt for equipment purchases, working capital in our foreign affiliates and debt associated with our real estate ventures.