Granite Construction Incorporated (GVA)

Granite Construction Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	193	126.35	43.6	83.3	10.1
Depreciation & Amortization	162.43	126.33	92.27	82.57	109.05
Loss (Gain) From Sale of Assets	-20.21	-8.76	-28.35	-12.62	-66.44
Loss (Gain) on Equity Investments	-22.58	-11.88	-7.13	6.11	-11.82
Stock-Based Compensation	39.15	19.6	10.48	7.77	6.41
Other Operating Activities	56.6	63.76	71.68	3.59	18.37
Change in Accounts Receivable	83.3	91.42	-78.41	-53.79	0.73
Change in Inventory	-0.75	-2.86	-1.43	-14.31	0.77
Change in Accounts Payable	-20.37	0.42	66.83	-9.78	7.4
Change in Other Net Operating Assets	-1.66	51.97	14.17	-37.2	-52.63
Operating Cash Flow	468.92	456.34	183.71	55.65	21.93
Operating Cash Flow Growth	2.76%	148.41%	230.13%	153.74%	-91.83%
Capital Expenditures	-138.27	-136.41	-140.38	-121.61	-94.81
Sale of Property, Plant & Equipment	32.85	13.85	38.11	26.06	94.8
Cash Acquisitions	-777.52	-134.36	-294.02	-	-
Divestitures	-	-	-	140.58	-
Investment in Securities	-113.15	27.02	30.26	-49.1	-10
Other Investing Activities	2.37	1.34	6.74	-6.92	-11.47
Investing Cash Flow	-993.72	-228.56	-359.29	-11	-21.48
Long-Term Debt Issued	685	373.75	678.75	50	-
Long-Term Debt Repaid	-86.11	-310.5	-305.12	-125.16	-8.92
Net Debt Issued (Repaid)	598.89	63.25	373.63	-75.16	-8.92
Repurchase of Common Stock	-48.21	-50.63	-4.12	-70.9	-2.73
Common Dividends Paid	-22.72	-22.81	-22.81	-23.27	-23.8
Other Financing Activities	-52.27	-56.93	-47.44	5.02	11.01
Financing Cash Flow	475.7	-67.12	299.26	-164.31	-24.45
Net Cash Flow	-49.11	160.67	123.67	-119.66	-23.99
Free Cash Flow	330.65	319.94	43.32	-65.97	-72.88
Free Cash Flow Growth	3.35%	638.50%	-	-	-
Free Cash Flow Margin	7.47%	7.98%	1.23%	-2.00%	-2.08%
Free Cash Flow Per Share	6.22	6.09	0.82	-1.26	-1.53
Cash Interest Paid	36.11	26.07	15.64	11.51	14.59
Cash Income Tax Paid	49.04	30.47	14.87	3.77	2.07
Levered Free Cash Flow	186.05	183.12	-6.97	137.31	-289.37
Unlevered Free Cash Flow	215.57	201.37	4.57	145.2	-276.41
Change in Working Capital	60.52	140.95	1.16	-115.07	-43.73

Updated Feb 12, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q