Sterling Infrastructure, Inc. (STRL)

Sterling Infrastructure Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	648.13	471.56	181.54	60.95	66.19	45.73
Cash & Short-Term Investments	648.13	471.56	181.54	60.95	66.19	45.73
Cash Growth	58.31%	159.75%	197.88%	-7.92%	44.72%	-51.40%
Receivables	417.43	358.54	386.57	285.82	279.05	272.75
Restricted Cash	-	-	3.72	3.82	6.46	4.8
Other Current Assets	18.09	17.88	25.42	84.11	9.85	6.99
Total Current Assets	1,084	847.98	597.25	434.69	361.54	330.27
Property, Plant & Equipment	325.28	300.88	274.9	213.37	143.18	130.01
Goodwill	281.36	281.12	262.69	258.29	192.01	191.89
Other Intangible Assets	315.54	328.4	299.12	303.22	244.89	256.32
Long-Term Deferred Tax Assets	-	-	-	-	-	26.01
Other Long-Term Assets	17.76	18.81	7.65	25.2	11.07	0.18
Total Assets	2,024	1,777	1,442	1,235	952.69	934.69
Accounts Payable	160.2	145.97	121.89	112.75	95.2	137.59
Accrued Expenses	43.2	27.76	24.14	20.42	18.01	13.73
Current Portion of Long-Term Debt	26.3	26.33	32.46	25.66	81.67	42.33
Current Portion of Leases	19.66	19.84	19.86	6.71	7.78	7.3
Current Income Taxes Payable	-	-	-	-	-	1.21
Current Unearned Revenue	563.53	444.16	239.3	118.67	114.02	57.76
Other Current Liabilities	26.15	14.12	8.97	67.56	5.2	6.33
Total Current Liabilities	839.04	678.17	446.61	351.76	321.88	266.25
Long-Term Debt	295.78	314.5	398.66	428.28	293.51	390.47
Long-Term Leases	35.85	38.22	40.18	13.29	9.33	7.54
Long-Term Deferred Tax Liabilities	82.89	76.76	51.66	18.43	-	-
Other Long-Term Liabilities	39.08	45.68	26.71	62.78	59.25	49.22
Total Liabilities	1,293	1,153	963.82	874.55	683.97	713.48
Common Stock	0.31	0.31	0.31	0.3	0.28	0.28
Additional Paid-In Capital	295.83	293.57	287.91	280.27	256.42	251.02
Retained Earnings	469.28	325.03	186.38	79.92	17.27	-25.03
Treasury Stock	-48.9	-	-	-	-1.45	-6.14
Comprehensive Income & Other	-	-	-	-1.72	-5.26	-0.21
Total Common Equity	716.52	618.91	474.6	358.77	267.27	219.92
Minority Interest	14.42	4.94	3.2	1.46	1.46	1.29
Shareholders' Equity	730.94	623.85	477.8	360.23	268.73	221.21
Total Liabilities & Equity	2,024	1,777	1,442	1,235	952.69	934.69
Total Debt	377.59	398.88	491.16	473.94	392.29	447.63
Net Cash (Debt)	270.54	72.68	-309.62	-413	-326.1	-401.9
Net Cash Per Share	8.64	2.33	-10.13	-14.19	-11.57	-14.82
Filing Date Shares Outstanding	30.71	30.93	30.59	29.84	28.21	27.79
Total Common Shares Outstanding	30.69	30.93	30.59	29.84	28.18	27.77
Working Capital	244.61	169.81	150.64	82.93	39.66	64.02
Book Value Per Share	23.34	20.01	15.52	12.02	9.48	7.92
Tangible Book Value	119.62	9.4	-87.22	-202.75	-169.63	-228.3
Tangible Book Value Per Share	3.90	0.30	-2.85	-6.79	-6.02	-8.22
Land	3.05	3.05	3.4	3.4	3.89	3.89
Buildings	23.98	21.33	20.5	19.07	21.03	14.64
Machinery	463.71	409.27	349	299.84	234.81	220.71
Order Backlog	-	2,370	1,690	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.