Below are the financial statements of Granite Construction, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 4,007.57a | 3,509.14a | 3,301.26a |
| Cost of revenue | -3,434.88a | -3,112.74a | -2,931.76a |
| Gross profit | 572.7a | 396.4a | 369.49a |
| Selling, general and administrative expenses | -334.16a | -294.47a | -272.61a |
| Other costs, net | -39.94a | -50.22a | -24.12a |
| Gain on sales of property and equipment, net | -8.76a | -28.35a | -12.62a |
| Operating income | 207.36a | 80.06a | 85.38a |
| Other (income) expense | — | — | — |
| Loss on debt extinguishment | -27.55a | -51.05a | 0a |
| Interest income | -24.35a | -17.54a | -6.53a |
| Interest expense | -29.19a | -18.46a | -12.62a |
| Equity in income of affiliates, net | -16.98a | -25.75a | -13.57a |
| Other (income) expense, net | -4.24a | -6.02a | 1.04a |
| Total other (income) expense, net | 11.17a | 20.21a | -6.44a |
| Income before income taxes | 196.19a | 59.85a | 91.82a |
| Provision for income taxes | -55.75a | -30.27a | -12.96a |
| Net income | 140.44a | 29.59a | 78.86a |
| Amount attributable to non-controlling interests | -14.1a | 14.01a | 4.45a |
| Net income attributable to Granite Construction Incorporated | 126.35a | 43.6a | 83.3a |
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