STRL Stock Cash Flow Statements

Sterling Construction Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

Sterling Construction Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2005-12-31	2005-09-30

cash flows from operating activities:
net income	79,108,000	42,591,000	117,192,000	65,393,000	54,574,000	33,759,000	42,436,000	40,139,000	40,230,000	20,040,000	32,149,000	30,157,000	26,372,000	19,523,000	11,481,000	21,757,000	20,217,000	11,668,000	6,027,000	15,397,000	18,265,000	3,215,000	22,460,000	8,509,000	7,865,000	1,861,000		10,168,000	9,141,000	3,680,000		8,826,000	4,563,000	-1,886,000	-5,774,000	3,155,000	2,543,000	-7,336,000	-856,000	-16,700,000	-5,934,000	-2,217,000	2,446,000	480,000	-51,484,000	2,094,000	-16,217,000	-4,419,000	4,071,000	7,666,000	195,000	6,292,000	1,482,000		4,721,000	5,850,000	2,280,000			9,770,000	5,866,000		5,977,000	5,140,000	3,117,000		3,444,000	3,797,000	2,511,000	3,153,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	17,622,000	16,991,000	17,864,000	17,363,000	16,925,000	16,258,000	14,874,000	14,857,000	13,980,000	13,692,000	13,516,000	13,138,000	13,645,000	11,767,000	8,865,000	8,629,000	8,402,000	8,305,000	8,146,000	8,098,000	8,256,000	8,285,000	8,452,000	3,815,000	4,084,000	4,389,000		4,204,000	4,183,000	4,124,000		4,753,000	4,317,000	4,070,000	3,951,000	3,953,000	3,982,000	4,162,000	4,050,000	4,274,000	4,539,000	4,608,000	4,568,000	4,633,000	4,630,000	4,534,000	4,864,000	4,622,000	5,243,000	4,854,000	4,530,000	4,225,000	4,211,000		3,713,000	4,131,000	3,972,000			3,365,000	3,603,000		3,203,000	3,267,000	3,285,000		2,103,000	2,210,000	2,451,000	1,437,000	1,238,000	1,294,000
amortization of debt issuance costs and non-cash interest	216,000	256,000	269,000	280,000	292,000	305,000	393,000	457,000	455,000	422,000	500,000	534,000	546,000	556,000	486,000	492,000	604,000	660,000	704,000	727,000
gain on disposal of property and equipment	-558,000	-782,000	-193,000	-316,000	-2,379,000	-585,000	-1,184,000	-1,471,000	-959,000	-1,672,000	-711,000	-1,210,000	-488,000	-228,000	-220,000	-739,000	-369,000	-68,000	-453,000	-444,000	-205,000	-393,000		-25,000	-403,000	-38,000			-220,000	-250,000		600,000	-38,000	-358,000	-112,000	19,000	-449,000	175,000	-274,000	-759,000	-90,000	11,000	-633,000	-283,000	-1,072,000	-730,000	65,000	-100,000	-253,000	-1,520,000	-1,204,000
distribution of earnings from unconsolidated subsidiary
equity in earnings from unconsolidated subsidiary	-3,785,000	-1,892,000
deferred taxes	4,764,000	650,000	26,466,000	2,590,000	2,000,000	1,517,000	4,558,000	3,398,000	4,062,000	2,728,000	11,517,000	10,470,000	8,865,000	5,640,000	4,015,000	6,119,000	7,152,000	4,142,000	8,493,000	4,723,000	5,310,000	913,000
stock-based compensation	5,595,000	6,683,000	5,250,000	4,371,000	4,796,000	4,586,000	3,647,000	3,972,000	3,763,000	3,240,000	3,531,000	2,732,000	2,627,000	3,836,000
changes in operating assets and liabilities	-27,853,000	20,386,000	98,710,000	62,593,000	44,762,000	-6,249,000	82,645,000	88,756,000	70,518,000	10,608,000	44,537,000	40,384,000	-36,078,000	-19,393,000	-14,865,000	7,110,000	16,181,000	11,863,000	1,420,000	8,443,000	5,061,000	-4,676,000	24,103,000	-1,889,000	1,333,000	-27,449,000
net cash from operating activities	85,428,000	84,883,000	174,269,000	152,274,000	120,970,000	49,591,000	147,369,000	150,108,000	132,049,000	49,058,000	88,469,000	96,058,000	15,406,000	19,183,000	15,852,000	44,250,000	52,772,000	38,720,000	28,334,000	38,688,000	41,490,000	10,771,000	32,616,000	12,802,000	14,917,000	-19,242,000		33,343,000	13,769,000	-23,293,000		5,385,000			8,789,000	8,975,000	25,895,000	840,000	5,477,000	-2,943,000	3,605,000	-6,641,000	4,705,000	-12,182,000	-9,724,000	15,108,000	-16,698,000	-10,248,000	-18,085,000	21,753,000	1,378,000	1,122,000	5,446,000		13,688,000	9,041,000	14,702,000						-678,000	18,951,000	656,000
cash flows from investing activities:
acquisitions, net of cash acquired	0	-37,860,000	-6,396,000	-3,811,000	0	-1,016,000					-14,971,000	0
capital expenditures	-13,338,000	-17,924,000	-15,645,000	-14,000,000	-28,877,000	-22,432,000	-15,135,000	-10,385,000	-24,638,000	-14,221,000	-13,077,000	-18,887,000	-13,976,000	-14,969,000	-7,336,000	-17,165,000	-10,941,000	-11,209,000	-10,776,000	-7,514,000	-7,220,000	-7,354,000	-7,526,000	-3,017,000																																		885,000
free cash flows	72,090,000	66,959,000	158,624,000	138,274,000	92,093,000	27,159,000	132,234,000	139,723,000	107,411,000	34,837,000	75,392,000	77,171,000	1,430,000	4,214,000	8,516,000	27,085,000	41,831,000	27,511,000	17,558,000	31,174,000	34,270,000	3,417,000	25,090,000	9,785,000
proceeds from sale of property and equipment	1,072,000	1,573,000	2,323,000	890,000	4,543,000	2,401,000	4,197,000	1,082,000	1,799,000	6,726,000	1,904,000	2,092,000	545,000	406,000	2,020,000	1,403,000	482,000	208,000	816,000	788,000	257,000	512,000	69,000	463,000	665,000	137,000		192,000	421,000	886,000		3,923,000	1,319,000	588,000	527,000	793,000	679,000	715,000	2,684,000	2,864,000									5,068,000			382,000	182,000			434,000	31,000			225,000	125,000		500,000	483,000	188,000		43,000	149,000	716,000
net cash from investing activities	-12,266,000	-54,211,000	-123,547,000	-16,921,000	-24,334,000	-21,047,000	-62,115,000	-9,303,000	-22,839,000	6,505,000	-41,933,000	-16,795,000	-16,464,000	-14,563,000	-186,227,000	-15,762,000	-10,459,000	-11,001,000	-9,960,000	-6,726,000	-6,963,000	-6,842,000	-403,780,000	-2,554,000	-375,000	-3,677,000		-4,078,000	-2,945,000	-1,011,000		1,627,000	-57,726,000	-1,237,000	-1,509,000	-1,989,000	-2,573,000	-2,103,000	1,684,000	1,703,000	2,099,000	-6,113,000	-3,394,000	-23,000	19,648,000	-2,370,000	-716,000	23,561,000	-8,067,000	-14,292,000	-1,058,000	-765,000	-38,403,000		-11,914,000	-13,632,000	-10,423,000			-8,131,000	3,115,000		-22,799,000	-6,106,000	-4,225,000
cash flows from financing activities:
repayments of debt	-10,669,000	-6,606,000	-6,608,000	-6,607,000	-6,646,000	-6,678,000	-16,641,000	-9,261,000	-36,746,000	-30,843,000	-5,761,000	-5,842,000	-5,842,000	-5,928,000	-4,089,000	-4,112,000	-9,529,000	-30,543,000	-25,050,000	-30,051,000
repurchase of common stock	0	-43,846,000	-20,000,000	-20,454,000
withholding taxes paid on net share settlement of equity awards	-358,000	-5,768,000	-8,044,000	-144,000	-249,000	-13,015,000	-4,988,000	-251,000	-40,000	-4,288,000
debt issuance costs																																0
other			-2,000	-6,000			0								599,000	-1,000					9,742,000	-675,000	-299,000	24,000	577,000	-501,000		790,000	964,000	492,000		-33,000	-113,000	-6,000	-112,000	0	0	-46,000	1,073,000	-575,000	-298,000	-109,000	-90,000	-248,000	-147,000	84,000	-15,000	5,000			18,000
net cash from financing activities	-12,436,000	-56,220,000	-34,654,000	-27,211,000	-37,065,000	-19,693,000	-23,089,000	-9,528,000	-36,786,000	-35,131,000	-15,177,000	-5,842,000	-5,842,000	-5,928,000	134,652,000	-4,113,000	-10,131,000	-32,502,000	-24,782,000	-29,981,000	-37,820,000	24,243,000	340,367,000	-5,448,000	424,000	-14,412,000		-6,514,000	299,000	-4,187,000		-529,000	89,911,000	-1,339,000	-7,516,000	-6,600,000	4,394,000	11,756,000	-14,223,000	-4,407,000				11,620,000				-12,301,000	8,074,000	-4,959,000	-81,000	-2,460,000	-4,114,000		-25,521,000	-5,453,000	-11,818,000			461,000	-5,765,000
net change in cash, cash equivalents, and restricted cash	60,726,000	-25,548,000	16,068,000	108,142,000	59,571,000	8,851,000	62,165,000	131,277,000	72,424,000	20,432,000	31,359,000	73,421,000	-6,900,000	-1,308,000	-35,723,000	24,375,000
cash, cash equivalents and restricted cash at beginning of period	0	664,195,000	0	0	0	471,563,000	0	0	0	185,265,000
cash, cash equivalents and restricted cash at end of period	60,726,000	638,647,000	16,068,000	108,142,000	59,571,000	480,414,000	62,165,000	131,277,000	72,424,000	205,697,000
less: restricted cash												153,000	-590,000	-6,990,000	-139,000	-303,000
cash and cash equivalents at end of period	60,726,000	638,647,000		108,142,000	59,571,000	480,414,000						73,574,000	-7,490,000	80,395,000	-35,862,000	24,072,000	32,228,000	61,402,000	-6,408,000	1,981,000	-3,293,000	73,905,000	-30,797,000	4,800,000	14,966,000	56,764,000		22,751,000	11,123,000	55,462,000		6,483,000	22,911,000	37,147,000	-236,000	386,000	27,716,000	14,919,000	-7,062,000	17,196,000	5,843,000	2,719,000	12,994,000	1,287,000	-3,142,000	3,985,000	-3,125,000	4,154,000	-18,078,000	2,502,000	16,610,000	-2,103,000	12,370,000		-23,747,000	-10,044,000	46,867,000		-16,332,000	20,859,000	57,712,000			12,995,000	72,202,000						2,129,000	13,687,000
non-cash items:
accrued capital expenditures
gain on deconsolidation of subsidiary
gain on debt extinguishment											0	0				-968,000
gain on disposition of myers
change in fair value of interest rate swap											117,000	-147,000	-83,000	-90,000	9,000	10,000
disposition, net of cash disposed
deconsolidation, net of cash
cash received from credit facility
distributions to noncontrolling interest owners															-518,000	0	0	-1,959,000					-1,460,000	-800,000	0	-5,100,000													0		-1,000	0	-196,000	-994,000	-321,000	0			-1,704,000			-918,000	-3,900,000
less: restricted cash - continuing operations										-3,121,000
cash and cash equivalents at end of period - continuing operations							62,165,000	131,277,000	75,545,000	202,576,000
supplemental disclosures of cash flow information:
cash paid during the period for interest																														3,056,000			2,983,000	113,000	199,000	489,000	1,120,000	820,000	996,000	376,000	315,000	227,000	268,000	265,000	55,000	274,000	84,000	182,000	-116,000	414,000	120,000	62,000	2,000		8,000	7,000	25,000			13,000	13,000			15,000	82,000
cash paid during the period for income taxes																																			67,000				0	437,000	-27,000	27,000			0	1,000	148,000	21,000	150,000	755,000	2,000,000	364,000	1,665,000
share consideration given for acquisitions
deferred payments from buyer of myers
disposition proceeds								0	0	14,000,000
less: cash, cash equivalents and restricted cash - discontinued operations
tax basis election and other payments due to sellers
less: restricted cash (other current assets) - continuing operations
balance at december 31, 2019
change in interest rate swap																		-22,000
distributions to owners
issuance of stock
shares withheld for taxes
balance at december 31, 2020
stock issued for petillo acquisition
balance at december 31, 2021
stock issued for ccs business acquisition
balance at december 31, 2022
cash, cash equivalents, and restricted cash at beginning of period												0	0	88,693,000	0	0
cash, cash equivalents, and restricted cash at end of period												73,421,000	-6,900,000	87,385,000	-35,723,000	24,375,000
(gain) loss on debt extinguishment														-2,428,000
stock-based compensation expense															6,081,000	1,840,000	2,015,000	1,835,000	3,682,000	1,765,000	3,962,000	2,234,000		819,000	649,000	1,021,000		798,000	766,000	617,000		557,000	1,337,000	640,000	599,000	406,000	405,000	400,000	285,000	158,000	257,000	209,000	149,000	234,000	189,000	259,000	202,000	278,000	165,000	159,000	105,000	133,000	125,000		176,000	155,000	142,000			160,000	139,000		140,000	128,000	105,000		124,000	441,000	417,000
purchase of treasury stock																							0	0	0	-3,201,000
notes and deferred payments to sellers
balance at december 31, 2018
stock issued for plateau acquisition
loss on debt extinguishment																		337,000														0
net change in cash and cash equivalents																		-4,783,000	-6,408,000	1,981,000	-3,293,000	28,172,000	-30,797,000
cash and cash equivalents at beginning of period																		66,185,000	0	0	0	45,733,000	0	0	0	94,095,000		0	0	83,953,000		0	0	42,785,000	0	0	0	4,426,000	0	22,843,000	0	0	0	1,872,000	0	0	0	3,142,000	0	0	16,371,000	0	49,441,000		0	0	54,406,000			0	55,305,000			0	80,649,000						0	-69,000
plateau acquisition, net of cash acquired
tax basis election
change in interest rate hedge
other borrowings
loss on interest rate hedge																					101,000	171,000
amortization of debt issuance costs																						1,022,000
borrowings on revolving credit facility																						30,000,000
repayments of long-term debt																						-5,082,000	-77,186,000	-4,672,000
amortization of deferred debt costs																							1,018,000	773,000
(gain) loss on disposal of property and equipment																																																				-9,000	-145,000
unrealized gain on hedge
tealstone acquisition, net of cash acquired
estimated tax basis election
warrants issued to lenders
deferred tax expense																								800,000	620,000	141,000																							1,529,000			397,000	1,268,000		1,069,000	662,000	283,000			2,153,000	2,158,000		3,777,000	1,312,000	1,183,000		1,568,000	1,783,000	1,295,000	1,229,000	-289,000	1,162,000
net decrease in cash and cash equivalents																									14,966,000	-37,331,000				-28,491,000										-5,647,000																									-8,447,000
amortization of deferred loan costs																										833,000
additions to property and equipment																										-3,814,000		-4,270,000	-3,366,000	-1,897,000		-2,435,000	-4,045,000	-1,825,000	-2,036,000	-2,782,000	-3,252,000	-2,818,000	-1,000,000	-1,161,000	895,000	-6,737,000	-5,384,000	-2,283,000	-3,567,000	-4,644,000	-1,791,000	-4,898,000	-9,962,000	-11,946,000	-5,910,000	-6,738,000	-8,433,000		-4,193,000	-1,958,000	-1,647,000			-2,315,000	-1,598,000		-5,916,000	-6,589,000	-4,467,000		-6,399,000	-9,583,000	-7,051,000	-2,349,000	-1,444,000	-1,532,000
repayments on long-term debt																										-5,610,000
net cash provided by:
operating activities																																																										4,531,000
investing activities																																																										-59,379,000
financing activities																																																										47,015,000
total increase in cash and cash equivalents
net income attributable to sterling common stockholders																												8,917,000	8,174,000	2,489,000		7,132,000	3,662,000	-2,257,000	-6,348,000	2,415,000	2,023,000	-7,328,000	-1,124,000	-16,992,000	-7,252,000	-3,935,000	1,201,000	205,000	-52,137,000	-190,000	-17,022,000	-4,580,000	992,000	3,285,000	-7,500,000	4,211,000	44,000		3,496,000	4,667,000	1,552,000			9,285,000	5,565,000
plus: noncontrolling interests in earnings																												1,251,000	967,000	1,191,000
changes in operating assets and liabilities:
contracts receivable																												4,218,000	-23,588,000	-6,946,000		-4,881,000	-33,206,000	-6,957,000	21,283,000	1,180,000	-11,837,000	-12,646,000	17,554,000	-15,712,000	26,406,000	-693,000	-26,264,000	-1,100,000	13,418,000	-2,970,000
costs and estimated earnings in excess of billings on uncompleted contracts																												-3,887,000	3,625,000	-2,901,000		-2,796,000	-3,169,000	-1,770,000	-716,000	3,402,000	-7,203,000	-1,283,000	-3,618,000	7,576,000	-1,658,000	240,000	-13,234,000	-7,067,000	19,797,000	-8,154,000
inventories																												-1,527,000	249,000	2,759,000		1,428,000	1,454,000	-49,000	292,000	-275,000	-795,000	-395,000
receivables from and equity in construction joint ventures																												245,000	719,000	-1,105,000		-1,606,000	427,000	-760,000	2,339,000	-2,104,000	951,000	4,614,000	-1,841,000	-545,000	1,468,000	-1,804,000	2,379,000	-5,078,000	6,142,000	-3,717,000
other assets																												92,000	-2,548,000	1,102,000		-2,058,000	-1,370,000	-1,059,000	1,841,000	-742,000	-801,000	297,000	213,000
accounts payable																												9,887,000	11,261,000	-12,334,000		3,765,000	8,571,000	4,351,000	-9,764,000	-2,992,000	16,465,000	4,429,000	-543,000	4,669,000	-14,305,000	-9,061,000	28,151,000	407,000		23,290,000
billings in excess of costs and estimated earnings on uncompleted contracts																												5,660,000	3,615,000	-7,685,000		-13,548,000	13,957,000	-1,444,000	2,204,000	4,982,000	17,831,000	8,527,000	-2,493,000	8,710,000	-2,872,000	-1,726,000	2,800,000	-4,129,000	506,000	6,629,000
accrued compensation and other liabilities																												1,175,000	2,652,000	-891,000		11,257,000	-9,175,000	3,207,000	-6,118,000	785,000	1,754,000	4,123,000	-7,377,000	2,110,000	-9,103,000	3,885,000	3,633,000	-919,000	683,000	1,052,000
members' interest subject to mandatory redemption and undistributed earnings																												1,007,000	3,914,000	-3,463,000
cash received – oaktree facility
repayments – equipment-based term loan and other																												-204,000
repayments – oaktree facility																												-5,750,000	0	-4,679,000
net increase in cash and cash equivalents																												22,751,000				6,483,000	22,911,000	-5,638,000	-236,000	386,000	27,716,000	10,493,000	-7,062,000		5,843,000	2,719,000	12,994,000	-585,000		3,985,000	-3,125,000	1,012,000	-18,078,000	2,502,000	239,000	-2,103,000	-37,071,000		-23,747,000	-10,044,000	-7,539,000			20,859,000	2,407,000		-23,103,000
impairment on building held-for-sale
transportation and construction equipment acquired through financing arrangements																														171,000			0	70,000	5,000	224,000	430,000	81,000	1,501,000	588,000
plus: noncontrolling owners’ interests in earnings of subsidiaries and joint ventures																																1,694,000	901,000	371,000	574,000	740,000	520,000	-8,000			1,318,000	1,718,000	1,245,000	275,000	653,000	2,284,000	805,000	161,000	3,079,000	4,381,000	7,695,000	2,081,000	1,438,000
tealstsone acquisition, net of cash acquired																																139,000
cash received–term loan																																0
cumulative repayments – equipment-based term loan and other																																		-1,333,000		-6,598,000	-1,650,000	-1,298,000
cumulative drawdowns – equipment-based revolver																																			-34,871,000	0	5,000,000	14,000,000	1,450,000
cumulative repayments – equipment-based revolver																																				0	-18,100,000	-900,000
net proceeds from stock issued																																			0	-2,000					-32,000	28,000
member’s interest subject to mandatory redemption and undistributed earnings																																				-2,794,000	3,049,000	-4,227,000		-679,000	42,000
cumulative repayments – term loan and other
share consideration given for tealstone acquisition
members’ interest subject to mandatory redemption and undistributed earnings																																		-1,047,000
net cash (used in) provided operating activities																																		-3,062,000
revaluation of noncontrolling interest due to a new agreement
loss on extinguishment of debt																																							0
income tax receivable																																							60,000	1,453,000	4,134,000	710,000	27,000	-87,000	-3,297,000	669,000
restricted cash																																							0
cumulative daily drawdowns – credit facility																																							14,122,000	65,840,000	92,761,000	86,817,000	84,482,000	66,278,000	66,228,000	58,585,000	58,325,000	35,888,000	17,000,000	2,000,000	1,000,000	1,000,000	1,000,000		0	25,000,000	30,000,000			50,000,000	50,000,000		60,000,000	60,000,000	60,000,000
cumulative daily repayments – credit facility																																							-14,121,000	-69,672,000	-92,303,000	-71,263,000	-86,563,000	-53,416,000	-78,854,000	-67,422,000	-40,775,000	-48,179,000	-7,000,000	-2,000,000	-1,000,000	-1,000,000	-1,000,000
cash received from equipment-based term loan																																							1,020,000
repayments under long-term obligations – equipment-based term loan and other
deferred loan costs																																							0
revaluation of noncontrolling interests
cash received– equipment-based term loan
restricted cash used as collateral for letter of credit
plus: noncontrolling owners’ interests in earnings of subsidiaries																																							268,000	292,000
gain on sale of securities																																																					204,000		-80,000	-547,000	-417,000
tax impact from exercise of stock options and restricted stock
purchases of short-term securities, available-for-sale																																													0	-478,000
sales of short-term securities, available-for-sale																																													20,945,000	321,000
issuance of common stock pursuant to warrants and options exercised																																																	21,000
tax impact from exercise of stock options																																													-32,000	0	2,000	15,000	14,000
other current assets																																								2,502,000				727,000
1.
interest expense accreted on noncontrolling interests																																																	248,000
acquisition of noncontrolling interests
issuance of noncontrolling interest in rhb in exchange for net assets of acquired companies																																																	0
goodwill adjustments
deferred tax benefit																																														-894,000	-9,141,000	-139,000
inventories, deposits and other current assets																																										349,000				-6,959,000
proceeds from sales of property and equipment																																										624,000	1,990,000	2,260,000		2,431,000	1,273,000	813,000			3,306,000
net cash from in financing activities																																										15,473,000
revaluation of noncontrolling interest obligations, net of tax																																														-747,000	1,501,000	-1,854,000
purchases of short-term securities, available for sale																																																-505,000		-9,304,000	-9,779,000	-25,646,000	-57,516,000														-43,320,000	-26,241,000	-23,271,000	-37,397,000
sales of short-term securities, available for sale																																																28,151,000		3,417,000	11,325,000	31,237,000	27,364,000											0	54,000		40,396,000	24,357,000	21,618,000	33,813,000
goodwill impairment
gain on sale of securities and other																																													381,000	5,000	0	-471,000	-116,000	-47,000	-649,000
accounts payables
net assets of acquired companies, net of cash acquired
purchases of treasury stock																																																				-1,645,000	-196,000
reclassification of amounts payable to noncontrolling interest owner																																																				0	1,054,000
tax benefit related to the exercise of rhb’s liability
net liabilities assumed in connection with acquisitions
interest expense accreted on discounted liabilities																																																			248,000
net cash from (used) in financing activities																																														-8,753,000
decrease in contracts receivable																																																6,424,000			1,982,000
increase in costs and estimated earnings in excess of billings on uncompleted contracts																																																-13,739,000	-1,745,000	1,690,000	-1,312,000	-4,731,000	-4,651,000														-686,000			142,000
increase in receivables from and equity in construction joint ventures																																																1,555,000	-3,878,000	657,000	-1,489,000	378,000	456,000
increase in income tax receivable																																																-2,672,000			-1,079,000	1,735,000	-2,866,000
increase in inventories, deposits and other current assets																																																-1,881,000			-1,906,000
increase in accounts payable																																																6,246,000			4,762,000				7,458,000	1,958,000	-23,000			12,690,000	-64,000		-251,000	8,829,000	-5,280,000		-1,816,000	896,000	5,804,000
increase in billings in excess of costs and estimated earnings on uncompleted contracts																																																-6,048,000	2,594,000	3,423,000	2,431,000	1,177,000	40,000			-2,234,000	2,248,000								-1,434,000					1,124,000	1,618,000
increase in accrued compensation and other liabilities																																																81,000	3,080,000	4,146,000	-2,303,000																			-1,175,000	34,000	75,000
other changes in operating assets and liabilities:
increase in contracts receivable																																																	-31,690,000			-12,737,000	5,403,000		-3,071,000	201,000	7,329,000			-4,661,000	-9,559,000			-10,480,000	1,258,000		-1,682,000	-499,000	-7,512,000	10,393,000	5,850,000	-2,578,000
increase in prepaid expenses and other assets																																																	519,000			316,000	-113,000
repayments under long-term obligations																																																	0			-19,000	-18,000		-18,000	-18,000	-18,000			-19,000	-18,000				-31,000				-31,000	8,420,000	-556,000	-288,000
utilization of tax impact from exercise of stock options																																																	-14,000
revaluation of noncontrolling interest – rlw put/call liability, net of tax																																																	763,000	175,000	301,000
increase in trade payables																																																				2,091,000	-2,074,000																	-2,105,000	-8,829,000	8,585,000
deferred tax (benefit) expense																																																			-2,951,000
cash and cash equivalents
supplementary information:
working capital
tax benefits from exercise of stock options
utilization of tax benefits from exercise of stock options
interest expense accreted on noncontrolling interest																																																					212,000							52,000	51,000
increase in accrued compensation and other accrued expenses																																																					1,894,000
plus: net income attributable to non-controlling interests																																																							1,225,000	1,183,000	728,000
adjustments to reconcile net income to net cash
provided by operating activities:
accreted interest on puts of non-controlling interest owners
increase in costs and estimated earnings
in excess of billings on uncompleted contracts																																																									319,000			69,000	-1,620,000		-2,087,000
increase in receivables from and equity in unconsolidated joint ventures
increase in other current assets																																																							616,000	327,000	-809,000			1,529,000	-125,000		-976,000
increase in billings in excess of costs and
estimated earnings on uncompleted contracts																																																												844,000	5,047,000		-8,229,000						2,778,000
increase in other accrued expenses																																																							2,425,000	1,376,000	-883,000			2,362,000	-350,000		1,246,000	669,000	280,000		2,742,000
purchases of short-term investments																																																							-12,573,000	-59,351,000	-18,100,000
proceeds from sales of short-term investments																																																							5,045,000	47,243,000	9,293,000
distribution of earnings to non-controlling interest																																																							-1,018,000	-552,000	-1,824,000
cash paid during the period for taxes
loss on sale of property and equipment
interest expense accreted on non-controlling interest																																																								292,000	292,000
increase in equity investment in unconsolidated joint ventures
(issuance) of note receivable
cumulative daily reductions – credit facility																																																								-30,000,000	-40,000,000			-50,000,000	-55,000,000		-60,018,000	-60,062,000	-65,000,000
issuance of common stock pursuant to the exercise of options and warrants																																																								99,000	24,000			130,000	11,000
· construction revenue recognition
· contracts and retainage receivables
· inventories
· goodwill and long-lived assets · segment reporting · construction joint ventures
· income taxes
· self-insurance; and
· stock-based compensation
gain on sale of property and equipment																																																									-31,000				-89,000		-61,000	91,000	11,000		-13,000	-106,000	-271,000
net cash provided by
continuing operations:
increase in cash and cash equivalents
working capital at end of period
plus: net income attributable to noncontrolling interest																																																												485,000	301,000
excess tax benefits from exercise of stock options																																																															-289,000	-117,000	-116,000
(issuance) payment on note receivable
purchases of short-term investments, available for sale																																																												-19,669,000	-6,405,000
proceeds from sales of short-term investments, available for sale																																																												13,978,000	10,993,000
distribution of earnings to noncontrolling interest																																																												0	-408,000
expenditures related to 2007 equity offering																																																															0	0	-143,000
●
net cash from by operating activities																																																													5,057,000
issuance of note receivable																																																													-350,000
payments received on note receivable																																																															63,000	61,000	60,000		95,000	77,000	77,000
discontinued operations
adjustments to reconcile income from operations to
net cash from operating activities:
interest expense accreted on minority interest																																																															126,000	126,000	126,000
minority interest in net earnings of subsidiary																																																															370,000	357,000	92,000
(increase) in contracts receivable
(increase) in costs and estimated earnings
issuance of common stock pursuant to the exercise ofoptions and warrants
net cash provided (used) by financing activities
issuance of common stock pursuant to the exercise of options																																																																3,000	120,000		35,000	106,000	69,000
net cash used by financing activities																																																																150,000	-4,878,000
adjustments to reconcile income from operations to net cash from operating activities:
(increase) in costs and estimated earnings in excess of billings on uncompleted contracts																																																																	-1,918,000
(increase) in other current assets																																																																	-53,000
net income from discontinued operations																																																																			0	0	-25,000	238,000
net income from continuing operations																																																																			3,444,000	3,797,000	2,536,000	2,915,000
increase in inventories																																																																			-10,000	-13,000	-59,000
decrease in other assets
increase in bilings in excess of costs and estimated earnings on uncompleted contracts
net cash from continuing operating activities																																																																			3,479,000	6,609,000	4,560,000	13,243,000	5,898,000
cash flows from continuing operations investing activities:
purchase of certain assets of rdi																																																																						0
net cash from continuing operations investing activities																																																																			-9,280,000	-11,318,000	-7,988,000	-5,791,000
cash flows from continuing operations financing activities:
cumulative daily drawdowns – revolvers																																																																			50,000,000
cumulative daily reductions – revolvers																																																																			-44,938,000
net proceeds from the sale of common stock
net cash from continuing operations financing activities																																																																			5,099,000			2,018,000
net decrease in cash and cash equivalents of continuing operations																																																																			-702,000	443,000	-13,313,000
cash from discontinued operating activities																																																																						-287,000	-26,000
cash from discontinued operations investing activities																																																																						4,777,000
cash from discontinued operations financing activities																																																																						-4,614,000
net cash from discontinued operations																																																																							-77,000
supplemental disclosure of non-cash activity:
change in accrual of discontinued operations
increase in other assets																																																																				263,000	-609,000
increase in costs and estimated earnings in
excess of billings on uncompleted contracts																																																																					-1,284,000
decrease in other accrued expenses																																																																					-986,000
cumulative daily drawdowns - revolvers																																																																					20,000,000
cumulative daily reductions - revolvers																																																																					-30,000,000
net proceeds from sale of common stock																																																																						0
net cash from continuing operations financing activities:																																																																					-9,885,000
adjustments to reconcile income from continuing operations to net cash from continuing operating activities:
(gain) loss on sale of property and equipment
stock based compensation expense
fair value of induced conversion of debt to equity
net cash paid upon acquisition of tsc minority interest
cumulative daily drawdowns- revolver
cumulative daily reductions — revolver																																																																						-36,025,000
repayments under related party long term debt
increase in deferred loan costs
issuance of common stock pursuant to warrants and options																																																																						171,000
net increase in cash and cash equivalents from continuing operations																																																																							2,129,000
adjustments to reconcile income from operations to net cash from continuing operating activities:
gain on sale of equipment
decrease in prepaid expense and other assets
proceeds from sale of equipment
cumulative daily drawdowns — revolver
net increase in cash and cash equivalents of continuing operations
increase in prepaid expense and other assets
deferred compensation expense																																																																							107,000	110,000
increase in put liability
accretion of zero coupon notes
decrease (increase) in costs and estimated earnings in excess of billings on uncompleted contracts																																																																							1,097,000	1,054,000
decrease (increase) in prepaid expense and other assets
cumulative daily drawdowns of revolvers																																																																							26,810,000	35,963,000
cumulative daily reductions of revolvers																																																																							-28,764,000	-34,860,000
issuance of common stock, pursuant to options and warrants																																																																							35,000	274,000
net cash from continuing financing activities:																																																																							-2,475,000
cash paid during period for taxes
supplemental disclosure of non-cash financing activities:
capital lease obligations for new equipment
continuing operations
income from continuing operations
gain on sale of surplus equipment
proceeds from sale of surplus equipment
net cash from continuing investing activities
cash from discontinued investing activities
cash from discontinued financing activities
cash paid for interest
cash paid for income taxes
reduction of deferred tax valuation allowance																																																																								0
income from operations
benefit from doubtful accounts
increase in accounts receivable
increasein billings in excess of costs and estimated earnings on uncompleted contracts
privitization of scpi
net cash from financing activities:
bad debt expense
effect of scpi reverse stock split
issuance of common stock, pursuant to options
working capital, december 31
increase in trade accounts receivable
decrease (increase) in inventories
decrease (increase) in prepaid expenses and other assets
borrowings under short-term obligations
borrowings on long-term obligations
reductions in long-term obligations
cancellation of long term debt
cash received from option exercises
purchase of minority interest in subsidiary
cash and cash equivalents, beginning of period
cash and cash equivalents, end of period
decrease (increase) in contracts receivable
(increase) in prepaid expenses and other assets
net borrowings (payments) on long-term obligations
(increase) in trade accounts receivable
(increase) in inventories
cash paid for option exercises
net increase in cash
cash at beginning of period
cash at end of period
construction equipment
transportation equipment
buildings
leasehold improvements
office furniture, warehouse equipment and vehicles
land
less accumulated depreciation

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