For the year ending 2025-12-31, GVA had -$49,110K decrease in cash & cash equivalents over the period. $330,646K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 220,351 |
| Depreciation, depletion and amortization | 162,433 |
| Amortization related to long-term debt | 4,590 |
| Non-cash loss on debt extinguishment | 0 |
| Gain on sales of property and equipment, net | 20,207 |
| Deferred income taxes | 23,800 |
| Stock-based compensation | 39,150 |
| Equity in net (income) loss from unconsolidated joint ventures | -7,622 |
| Net income from affiliates | 14,958 |
| Other non-cash adjustments | -863 |
| Receivables | 38,709 |
| Contract assets, net | -122,004 |
| Inventories | 746 |
| Contributions to unconsolidated construction joint ventures | 9,163 |
| Distributions from unconsolidated construction joint ventures and affiliates | 12,237 |
| Other assets, net | 27,685 |
| Accounts payable | -20,374 |
| Accrued expenses and other liabilities, net | 22,952 |
| Net cash provided by operating activities | 468,916 |
| Purchases of marketable securities | 238,371 |
| Maturities of marketable securities | 125,225 |
| Purchases of property and equipment | 138,270 |
| Proceeds from sales of property and equipment | 32,845 |
| Acquisitions of businesses, net of cash acquired (see note 2) | 777,517 |
| Other investing activities | -2,367 |
| Net cash used in investing activities | -993,721 |
| Proceeds from long-term debt | 685,000 |
| Proceeds from issuance of convertible notes | 0 |
| Debt principal repayments | 86,113 |
| Capped call transactions | 0 |
| Redemption of warrants | 0 |
| Debt issuance costs | 2,799 |
| Cash dividends paid | 22,719 |
| Repurchases of common stock | 48,208 |
| Contributions from non-controlling partners | 3,345 |
| Distributions to non-controlling partners | 53,247 |
| Other financing activities, net | 436 |
| Net cash provided by (used in) financing activities | 475,695 |
| Net increase (decrease) in cash and cash equivalents | -49,110 |
| Cash and cash equivalents at beginning of period | 578,330 |
| Cash and cash equivalents at end of period | 529,220 |
GRANITE CONSTRUCTION INC (GVA)
GRANITE CONSTRUCTION INC (GVA)