← GRANITE CONSTRUCTION INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $57.1m | $69.1m | $42.4m | ($60.2m) | ($145.1m) | $10.1m | $83.3m | $43.6m | $126.3m | $193.0m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $66.2m | $75.8m | $53.7m | ($56.7m) | ($145.1m) | $10.1m | $83.3m | $43.6m | $126.3m | $193.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $66.2m | $75.8m | $53.7m | ($56.7m) | ($166.2m) | $2.4m | $78.9m | $29.6m | $140.4m | $220.4m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | ($577k) | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | ($56.7m) | — | ($8.3m) | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | $10.7m | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | $10.7m | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $9.1m | $6.7m | $11.3m | $3.5m | ($21.1m) | — | ($4.4m) | ($14.0m) | $14.1m | $27.3m | |
| Depreciation, Depletion and Amortization | $64.4m | $66.3m | $111.5m | $123.4m | $113.0m | $109.0m | $82.6m | $92.3m | $126.3m | $162.4m | |
| Amortization of Debt Issuance Costs | — | $0 | $0 | ($6.5m) | $0 | $0 | $0 | $3.5m | $3.9m | $4.0m | |
| Amortization of Debt Issuance Costs and Discounts | — | $0 | $0 | ($6.5m) | $8.7m | $9.4m | $2.4m | $2.4m | $4.5m | $4.6m | |
| Amortization of Intangible Assets | $2.0m | $1.7m | $15.2m | $18.9m | $13.5m | $1.0m | $2.0m | $2.3m | $14.1m | $14.6m | |
| Deferred Income Tax Expense (Benefit) | — | — | $20.0m | ($22.9m) | $8.8m | $16.6m | $5.4m | $26.6m | $13.7m | $23.8m | |
| Share-based Payment Arrangement, Noncash Expense | $13.4m | $15.8m | $14.8m | $10.2m | $6.4m | $6.4m | $7.8m | $10.5m | $19.6m | $39.1m | |
| Goodwill, Impairment Loss | — | — | — | — | $156.7m | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $8.4m | $4.2m | $7.7m | $37.1m | $16.7m | $94.8m | $26.1m | $38.1m | $13.9m | $32.8m | |
| Gain (Loss) on Disposition of Assets | — | — | — | $18.7m | $6.9m | $33.8m | $12.6m | $28.3m | $8.8m | $20.2m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $12.9m | $10.2m | $7.7m | $18.7m | $6.9m | $66.4m | $12.6m | $28.3m | $8.8m | $20.2m | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | $0 | $0 | ($51.1m) | ($27.6m) | $0 | |
| Income (Loss) from Equity Method Investments | $7.2m | $7.1m | $6.9m | $11.5m | $8.8m | $3.5m | $13.6m | $25.7m | $17.0m | $15.0m | |
| Income Tax Expense (Benefit) | $30.2m | $28.7m | $10.4m | ($20.4m) | ($282k) | ($1.2m) | $13.0m | $30.3m | $55.7m | $68.5m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $29.2m | $47.2m | |
| Operating Lease, Expense | — | — | — | $18.9m | $21.7m | $18.6m | $21.9m | $21.4m | $24.5m | $35.6m | |
| Other Nonoperating Income (Expense) | $6.0m | $4.7m | $1.7m | $5.3m | $4.2m | $5.0m | ($1.0m) | $6.0m | $4.2m | $11.8m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($308k) | $7.3m | $2.1m | ($380k) | ($5.1m) | ($774k) | $14.3m | $1.4m | $2.9m | $746k | |
| Increase (Decrease) in Accounts Payable | — | — | — | $140.0m | ($41.0m) | $7.4m | ($9.8m) | $66.8m | $420k | ($20.4m) | |
| Asset Retirement Obligation, Accretion Expense | $1.2m | $1.1m | $1.0m | $1.1m | $1.1m | $1.2m | $1.4m | $1.6m | $1.7m | $1.9m | |
| Goodwill | $53.8m | $53.8m | $259.5m | $264.3m | $116.8m | $53.7m | $73.7m | $155.0m | $214.5m | $400.8m | |
| Investment Income, Interest | $3.2m | $4.7m | $6.1m | $7.4m | $3.1m | $1.2m | $6.5m | $17.5m | $24.3m | $26.9m | |
| Nonoperating Income (Expense) | — | — | $112k | $5.8m | ($8.1m) | ($10.6m) | $6.4m | ($20.2m) | ($11.2m) | $6.4m | |
| Payments for Repurchase of Warrants | — | — | — | — | — | — | — | $13.2m | $497k | $0 | |
| Proceeds from Contributions from Affiliates | $2.2m | — | — | — | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $3.3b | $3.4b | $3.6b | $3.0b | $3.3b | $3.5b | $4.0b | $4.4b | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | — | $214k | — | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | ($95.2m) | ($24.1m) | ($50.2m) | ($39.9m) | ($41.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $73.1m | $146.2m | $86.4m | $111.4m | $268.5m | $21.9m | $55.6m | $183.7m | $456.3m | $468.9m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $91.0m | $67.7m | $111.1m | $106.8m | $93.3m | $94.8m | $121.6m | $140.4m | $136.4m | $138.3m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $55.0m | $6.2m | $0 | $0 | $0 | $294.0m | $121.2m | — | |
| Gains (Losses) on Sales of Investment Real Estate | $2.5m | — | — | — | — | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | $245k | ($1.8m) | $2.6m | ($5.6m) | ($5.3m) | $0 | ($630k) | ($5.2m) | ($1.3m) | ($2.4m) | |
| Net Cash Provided by (Used in) Investing Activities | ($96.4m) | ($59.2m) | ($39.6m) | ($40.3m) | ($41.3m) | ($21.5m) | ($11.0m) | ($359.3m) | ($228.6m) | ($993.7m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | $45.0m | $45.0m | $153.9m | $313.1m | $83.4m | $8.9m | $125.2m | $305.1m | $310.5m | $86.1m | |
| Payments for Repurchase of Common Stock | $5.2m | $7.0m | $16.6m | $36.9m | $885k | $2.7m | $70.9m | $4.1m | $50.6m | $48.2m | |
| Payments of Ordinary Dividends, Common Stock | $20.6m | $20.7m | $22.4m | $24.3m | $23.7m | $23.8m | $23.3m | $22.8m | $22.8m | $22.7m | |
| Proceeds from Noncontrolling Interests | — | — | $200k | $68k | $11.9m | $20.1m | $13.2m | $43.3m | $24.0m | $3.3m | |
| Dividends Payable | — | — | $6.1m | — | — | $6.0m | $5.7m | $5.7m | $5.7m | $5.7m | |
| Proceeds from (Payments for) Other Financing Activities | $557k | $649k | $856k | $1.7m | $307k | $398k | $439k | $583k | $1.7m | $436k | |
| Net Cash Provided by (Used in) Financing Activities | ($40.3m) | ($42.6m) | ($1.9m) | ($81.6m) | ($57.7m) | ($24.4m) | ($164.3m) | $299.3m | ($67.1m) | $475.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($63.5m) | $44.4m | $44.9m | ($10.5m) | $169.5m | ($24.0m) | ($119.7m) | $123.7m | $160.7m | ($49.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $278.6m | $268.1m | $437.6m | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $13.4m | $11.4m | $14.9m | $17.3m | $18.8m | $14.6m | $11.5m | $15.6m | $26.1m | $36.1m | |
| Income Taxes Paid, Net | $29.9m | $33.9m | $19.1m | $11.9m | $2.8m | $2.1m | $3.8m | $15.4m | $31.9m | $49.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.