v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents ($149,707 and $145,584 related to consolidated construction joint ventures (“CCJVs”)) $ 480,289 $ 529,220
Short-term marketable securities 32,084 71,021
Receivables, net ($42,153 and $37,398 related to CCJVs) 953,454 630,392
Contract assets ($32,496 and $34,057 related to CCJVs) 297,270 236,879
Inventories 181,200 143,129
Equity in unconsolidated construction joint ventures 122,898 134,670
Other current assets ($2,825 and $3,255 related to CCJVs) 55,521 66,920
Total current assets 2,122,716 1,812,231
Property and equipment, net ($4,798 and $4,961 related to CCJVs) 1,331,606 1,260,823
Long-term marketable securities 13,018 49,534
Investments in affiliates 86,390 96,764
Goodwill 448,395 400,814
Intangible assets, net 202,822 179,548
Right of use assets 184,614 152,678
Other noncurrent assets 78,838 78,001
Total assets 4,468,399 4,030,393
Current liabilities:    
Current maturities of long-term debt 381,686 375,896
Accounts payable ($45,586 and $46,708 related to CCJVs) 639,564 430,298
Contract liabilities ($43,546 and $63,500 related to CCJVs) 464,996 327,372
Accrued expenses and other current liabilities ($3,233 and $2,922 related to CCJVs) 419,607 348,179
Total current liabilities 1,905,853 1,481,745
Long-term debt 1,174,339 963,233
Long-term lease liabilities 150,641 125,733
Deferred income taxes, net 147,385 141,489
Other long-term liabilities 93,482 96,660
Commitments and contingencies
Equity:    
Preferred stock, $0.01 par value, authorized 3,000,000 shares, none outstanding 0 0
Common stock, $0.01 par value, authorized 150,000,000 shares; issued and outstanding: 44,130,037 shares as of September 30, 2026 and 43,496,781 shares as of December 31, 2025 441 435
Additional paid-in capital 496,192 402,391
Accumulated other comprehensive income 8,677 1,581
Retained earnings 440,682 774,641
Total Granite Construction Incorporated shareholders’ equity 945,992 1,179,048
Non-controlling interests 50,707 42,485
Total equity 996,699 1,221,533
Total liabilities and equity $ 4,468,399 $ 4,030,393