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GRANITE CONSTRU   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2017201620152014201320122011201020092008
Period End Date12/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/200912/31/2008
Construction1,664.711,365.201,262.681,186.451,251.20984.111,043.61943.251,151.741,484.86
Material sales292.78261.23295.63263.78237.89235.71220.58222.06205.95353.12
Revenue: Real Estate------------20.2913.262.279.01
Large project construction1,032.23888.19812.72825.04777.81863.22725.04584.41603.52827.26
Total Revenues2,989.712,514.622,371.032,275.272,266.902,083.042,009.531,762.971,963.482,674.24
Construction1,417.691,155.981,075.171,072.491,148.91906.14919.11847.54942.261,213.99
Material sales254.65233.21262.77245.09230.47227.34203.94210.04184.71304.08
Real Estate------------17.5810.513.5910.54
Large project construction1,002.44824.06733.25717.95710.35714.80620.94517.10483.42673.68
Gross Profit314.93301.37299.84239.74177.18234.76247.96177.78----
Goodwill impairment charge--------------------
Selling, general and administrative expenses222.81219.30203.82193.26191.86185.10162.30191.59169.37260.76
Selling expenses----------------58.68--
Restructuring charges(2.41)(1.93)(6.00)(2.64)52.14(3.73)2.18109.289.450.00
Gain on sales of property and equipment4.188.368.2915.9712.1327.4515.7913.7517.175.50
Provision for legal judgment--------------------
Operating income (loss)98.7292.35110.3165.10(54.69)80.8499.27(109.34)----
Interest expense10.8012.3714.2614.1614.3910.6010.369.7415.7616.00
Acquisition expense--------------------
Equity in income of affiliates7.117.183.210.901.301.992.190.767.70(1.06)
Interest income4.743.232.141.871.792.632.884.985.0518.45
Other, net4.705.972.031.881.966.18(4.55)6.9712.6815.35
Income before provision for income taxes and minority interest104.4696.36103.4355.60(64.03)81.0389.43(106.38)138.85233.43
Provision for income taxes28.6630.1635.1819.72(19.26)21.1123.35(43.93)38.6567.69
Federal:Current27.8815.664.812.53(1.30)10.4111.14(2.33)10.2956.36
Federal:Deferred(4.40)9.9225.9611.14(18.61)9.527.91(36.52)22.57(0.84)
State:Current5.524.571.911.901.594.692.95(1.07)5.3812.33
State:Deferred(0.34)0.022.504.15(0.95)(3.51)1.35(4.01)0.41(0.16)
Minority interest in consolidated subsidiaries--------------------
Consolidated Net Income (Loss)75.8066.2068.2535.88(44.77)59.9266.09(62.45)100.20165.74
Amount attributable to noncontrolling interests6.709.087.7610.53(8.34)14.6414.92(3.47)26.7043.33
Net income (loss) attributable to Granite------25.35(36.42)45.2851.16(58.98)73.50122.40
Less: Net income allocated to participating securities----------0.280.74--1.922.61
Net income (loss) allocated to common shareholders69.1057.1260.4925.35(36.42)45.0050.42(58.98)71.58119.80
Basic:Net income per share1.741.441.540.65(0.94)1.171.32(1.56)1.913.19
Diluted:Net income per share1.711.421.520.64(0.94)1.151.31(1.56)1.903.18
Weighted Average Shares Outstanding (Basic)39.8039.5639.3439.1038.8038.4538.1237.8237.5737.61
Weighted Average Shares Outstanding (Diluted)40.3740.2339.8739.8038.8039.0838.4737.8237.6837.71