Please find the following:
- Quick Ratio
- Current Ratio
- Current Liabilities to Net Worth
- Debt to Equity
- Fixed Assets to Net Worth
- Current Assets to Total Assets
- Collection Period
- Average Age of Accounts Payable
- Assets to Revenues
- Working Capital Turns
- Accounts Payable to Revenue
- Gross Profit Margin
- General Overhead Ratio
- Profit Margin
- Return on Assets
- Return on Investment
- Degree of Fixed Asset Newness
Figure 6-7 Income Statement for Granite Construction, Inc. GRANITE CONSTRUCTION INCORPORATED CONSOLIDATED STATEMENTS OF INCOME 2003 (000) $ 1,591,746 252,745 1,844,491 Revenue: Construction Material sales Total revenue Cost of revenue: Construction Material sales Total cost of revenue Gross Profit General and administrative expenses Operating income Other Income (expense): Interest income Interest expense Gain on sales of property and equipment Equity in income of affiliates Other, net 1,413,538 204,503 1,618,041 226,450 151,879 74,571 6,422 -8,577 4,714 17,657 2,738 22,954 97,525 35,304 62,221 Income before provision for income taxes and minority interest Provision for income taxes Income before minority interest Minority interest in consolidated subsidiaries Net income -1,717 $ 60,504 GRANITE CONSTRUCTION INCORPORATED CONSOLIDATED BALANCE SHEETS 2003 (000) 2002 (000) $ 69,919 90,869 288,210 31,189 29,878 22,421 42,250 43,915 $ 52,032 96,900 265,896 42,906 29,384 23,056 24,329 12,732 618,651 547.895 ASSETS Current assets Cash and cash equivalents Short-term marketable securities Accounts receivable, not Costs and estimated earnings in excess of billings Inventories Deferred income taxes Equity in construction joint ventures Other current assets Total current assets Property and equipment, net Long-term marketable securities Investments in affiliates Other assets Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Current maturities of long-term cabe Accounts payable Billings in excess of costs and estimated earnings Accrued expenses and other current liabilities 344,734 41,197 18,295 37,533 347,963 33,762 18,970 35,229 $ 1,060,410 S983,819 $8,182 135,466 99,337 105,717 $ 8,640 118,813 105,725 94,321 346,704 327,499 Total current liabilities Long-term debt Other long-term liabilities Deferred Income taxes Commitments and contingencies Minority interest in consolidated subsidiaries 126,708 24.938 44,297 132,380 13,742 40,011 10,872 15,318 Total Liabilities 555,519 528,950 Stockholders' equity Common stock Additional paid-in capital Retained earnings 416 73,651 442,272 76 413 69,390 399,383 Accumulated other comprehensive income foss) -1,402 516,414 -11,523 466.784 -11,915 Uneamed compensation Total Equity Total Liabilities and Equity 454,869 504,891 $1,060,410 $ 983,819 FIGURE 6-8 Balance Sheet for Granite Construction Inc. Figure 6-9 Breakdown of Accounts Receivable for Granite Construction, Inc. GRANITE CONSTRUCTION INCORPORATEB Q BREAK DOWN OF ACCOUNTS RECEIVABLE 2003 2002 (000) (000) Construction Contracts: Completed and in progress 179,019 141,748 Retention 76,508 97,120 Total Construction Contracts 255,527 238,868 Construction material sales Other Subtotal 29,690 26,176 4,238 3,071 289,455 268,115 Less: allowance for doubtful accounts Total 1,245 2,219 288,210 265,896 Figure 6-10 Breakdown of Property and Equipment for Granite Construction, Inc. BREAK DOWN OF PROPERT AND EQUIPMENT 2003 2002 (000) (000) Land 53,583 50,697 Quarry property 75,329 75,459 Buildings and leasehold improvements 64,276 59,229 Equipment and vehicles 693,657 656,857 Office furniture and equipment 13,926 11,782 Total Property and Equipment 900,771 854,024 556,037 506,061 Less accumulated depreciation, depletion and amortization Net Property and Equipment 344,734 347,963
