Granite Construction Incorporated (GVA)

Granite Construction Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	212.29	220.35	140.44	29.59	78.86	2.41
Depreciation & Amortization	174.27	162.43	126.33	92.27	82.57	109.05
Stock-Based Compensation	48.12	39.15	19.6	10.48	7.77	6.41
Other Adjustments	-32.77	-15.56	20.26	61.01	1.52	-52.21
Change in Receivables	-84.85	-38.71	102.89	-128.1	59.62	-11.32
Changes in Inventories	-6.15	-0.75	-2.86	-1.43	-14.31	0.77
Changes in Accounts Payable	14.27	-20.37	0.42	66.83	-9.78	7.4
Changes in Accrued Expenses	17.48	22.95	16.32	23.87	-129	129
Changes in Other Operating Activities	65.91	97.39	24.18	39.99	-2.11	-168.7
Operating Cash Flow	434.4	468.92	456.34	183.71	55.65	21.93
Operating Cash Flow Growth	-0.35%	2.76%	148.41%	230.13%	153.74%	-91.83%
Capital Expenditures	-132.21	-138.27	-136.41	-140.38	-121.61	-94.81
Sale of Property, Plant & Equipment	38.04	32.85	13.85	38.11	26.06	94.8
Purchases of Investments	-103.72	-238.37	-14.2	-9.74	-94.1	-10
Proceeds from Sale of Investments	157.13	125.23	38	40	45	-
Payments for Business Acquisitions	-72.24	-777.52	-134.36	-294.02	-	-
Proceeds from Business Divestments	-	-	-	-	140.58	-
Other Investing Activities	3.36	2.37	1.34	6.74	-6.92	-11.47
Investing Cash Flow	-814.91	-993.72	-228.56	-359.29	-11	-21.48
Long-Term Debt Issued	75	685	373.75	678.75	50	-
Long-Term Debt Repaid	-374.64	-86.11	-310.5	-305.12	-125.16	-8.92
Net Long-Term Debt Issued (Repaid)	-299.64	598.89	63.25	373.63	-75.16	-8.92
Repurchase of Common Stock	-51.44	-48.21	-97.17	-70.36	-70.9	-2.73
Net Common Stock Issued (Repurchased)	-51.44	-48.21	-97.17	-70.36	-70.9	-2.73
Common Dividends Paid	-22.72	-22.72	-22.81	-22.81	-23.27	-23.8
Other Financing Activities	30.96	-52.27	-10.39	18.79	5.02	11.01
Financing Cash Flow	267.16	475.7	-67.12	299.26	-164.31	-24.45
Net Cash Flow	-113.36	-49.11	160.67	123.67	-119.66	-23.99
Free Cash Flow	302.19	330.65	319.94	43.32	-65.97	-72.88
Free Cash Flow Growth	-8.61%	3.35%	638.50%	-	-	-
FCF Margin	6.52%	7.47%	7.98%	1.23%	-2.00%	-2.08%
Free Cash Flow Per Share	5.94	6.22	6.09	0.82	-1.26	-1.53
Levered Free Cash Flow	18.9	915.28	217.59	498.37	-186.1	-16.12
Unlevered Free Cash Flow	353.94	338.87	176.43	120.72	-120.91	-14.59

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q