For the quarter ending 2026-03-31, GVA had -$263,506K decrease in cash & cash equivalents over the period. -$57,013K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -36,389 | 58,936 | 109,397 | 52,018 |
| Depreciation, depletion and amortization | 42,012 | 48,818 | 48,247 | 65,368 |
| Amortization related to long-term debt | 2,305 | 1,243 | 1,184 | 2,163 |
| Non-cash loss on debt extinguishment | - | 0 | 0 | 0 |
| Convertible debt inducement expense and related charges | 9,704 | - | - | - |
| Gain on sales of property and equipment, net | 2,949 | 14,097 | 767 | 5,343 |
| Deferred income taxes | - | 23,800 | - | - |
| Stock-based compensation | 41,186 | 2,305 | 2,213 | 34,632 |
| Equity in net income from unconsolidated construction joint ventures | -1,387 | -2,221 | -1,587 | -3,814 |
| Net income from affiliates | 3,473 | 5,220 | 4,946 | 4,792 |
| Other non-cash adjustments | 447 | -630 | -440 | 207 |
| Receivables | 5,454 | -208,682 | 54,897 | 192,494 |
| Contract assets, net | 17,645 | -24,201 | -57,606 | -40,197 |
| Inventories | 25,663 | -3,913 | -13,660 | 18,319 |
| Contributions to unconsolidated construction joint ventures | 0 | 0 | 0 | 9,163 |
| Distributions from unconsolidated construction joint ventures and affiliates | 7,858 | 3,141 | 3,546 | 5,550 |
| Other assets, net | 4,109 | 30,411 | 4,495 | -7,221 |
| Accounts payable | 788 | -106,621 | 50,327 | 35,920 |
| Accrued expenses and other liabilities, net | -37,209 | -37,795 | 64,246 | -3,499 |
| Net cash provided by (used in) operating activities | -30,872 | 179,304 | 284,174 | 5,438 |
| Purchases of marketable securities | 0 | 0 | 65,793 | 172,578 |
| Maturities of marketable securities | 39,000 | 54,810 | 52,815 | 17,600 |
| Purchases of property and equipment | 26,141 | 50,540 | 26,708 | 61,022 |
| Proceeds from sales of property and equipment | 8,646 | 21,924 | 2,575 | 8,346 |
| Acquisitions of businesses, net of cash acquired (see note 2) | - | 72,239 | 705,278 | - |
| Cash paid for purchase price adjustments on business acquisition | - | - | 0 | 0 |
| Other investing activities | -992 | -117 | -1,851 | -399 |
| Net cash provided by (used in) investing activities | 22,497 | -45,928 | -740,538 | -207,255 |
| Proceeds from long-term debt | - | 75,000 | 610,000 | - |
| Proceeds from issuance of convertible notes | - | 0 | 0 | 0 |
| Debt repayments | 288,798 | 75,282 | 10,279 | 552 |
| Capped call transactions | - | 0 | 0 | 0 |
| Redemption of warrants | - | 0 | 0 | - |
| Debt issuance costs | - | 241 | 2,558 | 0 |
| Proceeds from partial unwind of capped call | 56,675 | - | - | - |
| Cash dividends paid | 5,655 | 5,689 | 5,692 | 11,338 |
| Repurchases of common stock | 18,441 | 26,608 | 6,283 | 15,317 |
| Contributions from non-controlling partners | 2,400 | 0 | 3,345 | 0 |
| Distributions to non-controlling partners | 1,275 | 13,622 | 12,375 | 27,250 |
| Other financing activities, net | -37 | 482 | -7 | -39 |
| Net cash used in financing activities | -255,131 | -45,960 | 576,151 | -54,496 |
| Net decrease in cash and cash equivalents | -263,506 | 87,416 | 119,787 | -256,313 |
| Cash and cash equivalents at beginning of period | 529,220 | 441,804 | 578,330 | - |
| Cash and cash equivalents at end of period | 265,714 | 529,220 | 441,804 | - |
GRANITE CONSTRUCTION INC (GVA)
GRANITE CONSTRUCTION INC (GVA)