Granite Construction Incorporated (GVA)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2025 | 12-2024 | 12-2023 | 12-2022 | 12-2021 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 220,351 | 140,443 | 29,587 | 78,857 | 2,414 |
| Depreciation Amortization | 167,023 | 130,832 | 94,660 | 84,935 | 118,498 |
| Income taxes - deferred | 23,800 | 13,655 | 26,556 | 5,447 | 16,600 |
| Accounts receivable | -38,709 | 102,891 | -128,099 | 59,623 | -11,317 |
| Accounts payable and accrued liabilities | -20,374 | 420 | 66,828 | -9,778 | 7,396 |
| Other Working Capital | 60,516 | 140,952 | 1,157 | -115,067 | -43,728 |
| Other Operating Activity | 56,309 | -72,850 | 93,018 | -48,370 | -67,932 |
| Operating Cash Flow | $468,916 | $456,343 | $183,707 | $55,647 | $21,931 |
| Cash Flows From Investing Activities | |||||
| Change In Deposits | N/A | N/A | N/A | -6,930 | -11,470 |
| PPE Investments | -105,425 | -122,553 | -102,275 | -95,548 | -8 |
| Net Acquisitions | -777,517 | -134,361 | -294,018 | 140,576 | N/A |
| Purchase Of Investment | -238,371 | -10,977 | -9,740 | -94,104 | -10,000 |
| Sale Of Investment | 125,225 | 38,000 | 40,000 | 45,000 | N/A |
| Other Investing Activity | 2,367 | 1,335 | 6,743 | 6 | 0 |
| Investing Cash Flow | $-993,721 | $-228,556 | $-359,290 | $-11,000 | $-21,478 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 685,000 | 373,750 | 678,750 | 50,000 | N/A |
| Debt Repayment | -86,113 | -310,498 | -305,118 | -125,164 | -8,922 |
| Common Stock Repurchased | -48,208 | -51,128 | -17,325 | -70,898 | -2,730 |
| Dividend Paid | -22,719 | -22,813 | -22,811 | -23,271 | -23,804 |
| Other Financing Activity | -52,265 | -56,431 | -34,241 | 5,022 | 11,010 |
| Financing Cash Flow | $475,695 | $-67,120 | $299,255 | $-164,311 | $-24,446 |
| Beginning Cash Position | 578,330 | 417,663 | 293,991 | 413,655 | 437,648 |
| End Cash Position | 529,220 | 578,330 | 417,663 | 293,991 | 413,655 |
| Net Cash Flow | $-49,110 | $160,667 | $123,672 | $-119,664 | $-23,993 |
| Free Cash Flow | |||||
| Operating Cash Flow | 468,916 | 456,343 | 183,707 | 55,647 | 21,931 |
| Capital Expenditure | -138,270 | -136,405 | -140,384 | -121,612 | -94,810 |
| Free Cash Flow | 330,646 | 319,938 | 43,323 | -65,965 | -72,879 |