Sterling Construction Company, Inc
(NASDAQ:STRL)

Sterling Construction Company, Inc., a construction company, engages in the heavy civil, specialty services, and residential construction activities primarily in the southern United States, the Rocky Mountain states, California, and Hawaii. The company undertakes various heavy civil construction pro...

Website: http://www.strlco.com

Founded: 1955

Full Time Employees: 2,800

Sector: Industrials

Industry: Engineering & Construction

Industrials

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	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	2015-09-30	2015-06-30	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	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	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	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31

revenues	825,675,000	755,613,000	689,019,000	614,468,000	430,949,000	498,833,000	593,741,000	582,822,000	440,360,000	485,978,000	560,347,000	522,325,000	403,579,000	291,606,000	556,942,000	510,568,000	410,320,000	401,335,000	463,449,000	401,666,000	315,316,000	347,228,000	383,458,000	400,038,000	296,688,000	346,544,000	291,699,000	264,086,000	223,949,000	255,175,000	291,266,000	268,734,000	222,492,000	253,911,000	304,219,000	246,412,000	153,416,000	168,345,000	205,629,000	189,582,000	126,567,000	152,488,000	176,000,000	177,425,000	117,682,000	153,612,000	189,275,000	194,806,000	134,538,000	125,916,000	185,935,000	133,350,000	111,035,000	158,089,000	205,283,000	168,709,000	98,425,000	113,989,000	159,427,000	128,498,000	99,242,000	137,997,000	118,874,000	116,865,000	86,157,000	71,677,000	103,929,000	120,375,000	94,866,000	109,272,000	114,148,000	106,728,000	84,926,000	88,343,000	77,714,000	71,275,000	68,888,000	64,115,000	68,743,000	60,010,000	56,480,000	61,634,000	61,163,000
cost of revenues	-631,379,000	-591,495,000	-518,803,000	-471,328,000	-336,109,000	-392,156,000	-463,942,000	-470,079,000	-363,456,000	-394,223,000	-468,480,000	-430,051,000	-341,837,000	-223,585,000	-474,919,000	-442,184,000	-354,181,000	-345,661,000	-405,645,000	-345,419,000	-270,284,000	-300,619,000	-333,542,000	-340,439,000	-261,443,000	-312,965,000	-262,483,000	-238,590,000	-204,446,000	-228,360,000	-259,735,000	-237,269,000	-201,898,000	-229,942,000	-273,588,000	-221,207,000	-144,129,000	-161,442,000	-188,597,000	-173,493,000	-122,737,000	-140,268,000	-161,542,000	-168,314,000	-124,518,000	-149,915,000	-180,919,000	-182,307,000	-126,669,000			-149,985,000	-109,650,000	-141,819,000	-191,114,000	-153,550,000	-96,552,000	-812,549,000	144,671,000	114,916,000	91,643,000	109,246,000	105,876,000	104,162,000	77,908,000	64,240,000	87,387,000	101,796,000	83,055,000	99,713,000	101,576,000	94,988,000	76,825,000	76,250,000	69,799,000	63,229,000	63,256,000	57,443,000	60,865,000	52,700,000	49,794,000	54,142,000	54,261,000
gross profit	194,296,000	164,118,000	170,216,000	143,140,000	94,840,000	106,677,000	129,799,000	112,743,000	76,904,000	91,755,000	91,867,000	92,274,000	61,742,000	68,021,000	82,023,000	68,384,000	56,139,000	55,674,000	57,804,000	56,247,000	45,032,000	46,609,000	49,916,000	59,599,000	35,245,000	33,579,000	29,216,000	25,496,000	19,503,000	26,815,000	31,531,000	31,465,000	20,594,000	23,969,000	30,631,000	25,205,000	9,287,000	6,903,000	17,032,000	16,089,000	3,830,000	12,220,000	14,458,000	9,111,000	-6,836,000	3,697,000	8,356,000	12,499,000	7,869,000		8,359,000	-16,635,000	1,385,000	16,270,000	14,169,000	15,159,000	1,873,000	3,900,000	14,756,000	13,582,000	7,599,000	28,751,000	12,998,000	12,703,000	8,249,000	7,437,000	16,542,000	18,579,000	11,811,000	9,559,000	12,572,000	11,740,000	8,101,000	12,093,000	7,915,000	8,046,000	5,632,000	6,672,000	7,878,000	7,310,000	6,686,000	7,492,000	6,902,000
yoy	104.87%	53.85%	31.14%	26.96%	23.32%	16.26%	41.29%	22.18%	24.56%	34.89%	12.00%	34.94%	9.98%	22.18%	41.90%	21.58%	24.66%	19.45%	15.80%	-5.62%	27.77%	38.80%	70.85%	133.76%	80.72%	25.22%	-7.34%	-18.97%	-5.30%	11.87%	2.94%	24.84%	121.75%	247.23%	79.84%	56.66%	142.48%	-43.51%	17.80%	76.59%	-156.03%	230.54%	73.03%	-27.11%	-186.87%		-0.04%	-175.14%	468.16%		-41.01%	-209.74%	-26.05%	317.18%	-3.98%	11.61%	-75.35%	-86.44%	13.53%	6.92%	-7.88%	286.59%	-21.42%	-31.63%	-30.16%	-22.20%	31.58%	58.25%	45.80%	-20.95%	58.84%	45.91%	43.84%	81.25%	0.47%	10.07%	-15.76%	-10.95%	14.14%
qoq	18.39%	-3.58%	18.92%	50.93%	-11.10%	-17.81%	15.13%	46.60%	-16.19%	-0.12%	-0.44%	49.45%	-9.23%	-17.07%	19.94%	21.81%	0.84%	-3.68%	2.77%	24.90%	-3.38%	-6.63%	-16.25%	69.10%	4.96%	14.93%	14.59%	30.73%	-27.27%	-14.96%	0.21%	52.79%	-14.08%	-21.75%	21.53%	171.40%	34.54%	-59.47%	5.86%	320.08%	-68.66%	-15.48%	58.69%	-233.28%	-284.91%	-55.76%	-33.15%	58.84%			-150.25%	-1301.08%	-91.49%	14.83%	-6.53%	709.34%	-51.97%	-73.57%	8.64%	78.73%	-73.57%	121.20%	2.32%	53.99%	10.92%	-55.04%	-10.96%	57.30%	23.56%	-23.97%	7.09%	44.92%	-33.01%	52.79%	-1.63%	42.86%	-15.59%	-15.31%	7.77%	9.33%	-10.76%	8.55%
general and administrative expense	-47,850,000	-48,611,000	-37,585,000	-33,987,000	-34,631,000	-32,598,000	-30,672,000	-27,856,000	-27,298,000	-26,111,000	-25,237,000	-24,034,000	-23,321,000	-13,518,000	-26,466,000	-23,424,000	-23,072,000	-25,941,000	-19,637,000	-15,829,000	-17,099,000	-20,206,000	-15,154,000	-18,451,000	-17,604,000	-15,098,000	-10,839,000	-10,774,000
intangible asset amortization	-7,093,000	-7,114,000	-6,035,000	-4,536,000	-4,503,000	-4,180,000	-4,280,000	-4,280,000	-4,297,000	-4,017,000	-3,736,000	-3,737,000	-3,736,000	-3,509,000	-3,509,000	-3,514,000	-3,568,000	-2,866,000	-2,866,000	-2,866,000	-2,866,000	-2,867,000	-2,866,000	-2,866,000	-2,837,000
acquisition related costs	-1,407,000	-304,000	-5,349,000	-2,495,000	-179,000	-212,000	-72,000	-101,000	-36,000	-521,000	-103,000	-59,000	-190,000	-65,000	-277,000	-230,000	-255,000					-13,000	-401,000	-139,000	-473,000	-2,153,000	-1,896,000
earn-out expense	-2,488,000	-1,007,250	-1,343,000	-1,343,000	-1,343,000
other operating income	2,356,000	7,118,000	5,405,000	3,785,000	1,892,000																															-4,037,000	-471,000	-2,817,000	-3,785,000	-3,604,000	246,000	-2,588,000	-958,000	325,000	1,761,000	256,000	-603,000	-457,000	1,056,000	-293,000	1,340,000	6,000	252,000	188,000	261,000	1,525,000
operating income	137,814,000	119,967,000	125,309,000	104,564,000	56,076,000	62,271,000	87,492,000	72,734,000	42,125,000	55,768,000	57,137,000	60,263,000	32,627,000	42,825,000	47,686,000	41,090,000	28,269,000	19,781,000	32,031,000	32,720,000	22,755,000	20,912,000	28,831,000	33,046,000	12,103,000	9,732,000	12,115,000	11,184,000	4,720,000	9,410,000	14,372,000	12,150,000	6,679,000	6,969,000	12,639,000	8,356,000	-1,788,000	-5,316,000	3,672,000	3,381,000	-6,466,000	72,000	2,381,000	-162,000	-16,678,000	-5,628,000	-1,573,000	2,535,000	441,000		1,523,000	-26,115,000	-7,974,000	7,129,000	4,171,000	8,240,000	-4,562,000	-68,970,000	7,761,000	7,287,000	1,688,000	19,535,000	6,179,000	7,379,000	2,816,000	1,091,000	12,964,000	14,718,000	8,684,000	5,846,000	9,432,000	8,207,000	4,643,000	7,728,000	4,658,000	5,278,000	3,365,000
yoy	145.76%	92.65%	43.22%	43.76%	33.12%	11.66%	53.13%	20.69%	29.11%	30.22%	19.82%	46.66%	15.42%	116.50%	48.87%	25.58%	24.23%	-5.41%	11.10%	-0.99%	88.01%	114.88%	137.98%	195.48%	156.42%	3.42%	-15.70%	-7.95%	-29.33%	35.03%	13.71%	45.40%	-473.55%	-231.09%	244.20%	147.15%	-72.35%	-7483.33%	54.22%	-2187.04%	-61.23%	-101.28%	-251.37%	-106.39%	-3881.86%		-203.28%	-109.71%	-105.53%		-63.49%	-416.93%	74.79%	-110.34%	-46.26%	13.08%	-370.26%	-453.06%	25.60%	-1.25%	-40.06%	1690.56%	-52.34%	-49.86%	-67.57%	-81.34%	37.45%	79.33%	87.03%	-24.35%	102.49%	55.49%	37.98%
qoq	14.88%	-4.26%	19.84%	86.47%	-9.95%	-28.83%	20.29%	72.66%	-24.46%	-2.40%	-5.19%	84.70%	-23.81%	-10.19%	16.05%	45.35%	42.91%	-38.24%	-2.11%	43.79%	8.81%	-27.47%	-12.75%	173.04%	24.36%	-19.67%	8.32%	136.95%	-49.84%	-34.53%	18.29%	81.91%	-4.16%	-44.86%	51.26%	-567.34%	-66.37%	-244.77%	8.61%	-152.29%	-9080.56%	-96.98%	-1569.75%	-99.03%	196.34%	257.79%	-162.05%	474.83%			-105.83%	227.50%	-211.85%	70.92%	-49.38%	-280.62%	-93.39%	-988.67%	6.50%	331.69%	-91.36%	216.15%	-16.26%	162.04%	158.11%	-91.58%	-11.92%	69.48%	48.55%	-38.02%	14.93%	76.76%	-39.92%	65.91%	-11.75%	56.85%
interest income	3,638,000	2,942,000	5,677,000	6,901,000	6,827,000	7,824,000	7,591,000	6,305,000	5,902,000	5,813,000	4,150,000	2,203,000	1,974,000	678,000	167,000	30,000	10,000	13,000	13,000	12,000	14,000	15,000	23,000	24,000	99,000	156,000	331,000	291,000	364,000	413,000	274,000	201,000	129,000	122,000	107,000	44,000	41,000	14,000	15,000	1,000	3,000	-4,000	32,000	69,000	363,000	110,000	113,000	189,000	358,000	8,000	335,000	255,000	281,000	87,000	287,000	511,000	416,000	403,000	309,000	565,000	378,000	541,000	583,000	483,000	202,000	166,000	129,000	118,000	159,000	257,000	303,000	223,000	287,000	248,000	480,000	475,000	466,000	433,000	329,000
interest expense	-4,014,000	-5,419,000	-4,140,000	-4,995,000	-5,232,000	-5,792,000	-6,286,000	-6,513,000	-6,664,000	-6,804,000	-7,257,000	-7,731,000	-7,528,000	-6,390,000	-5,134,000	-4,480,000	-4,587,000	-3,688,000	-3,919,000	-5,737,000	-6,004,000	-6,840,000	-7,177,000	-7,557,000	-7,803,000	-7,698,000	-3,024,000	-2,904,000	-3,060,000	-3,085,000	-3,067,000	-3,111,000	-3,087,000	-3,128,000	-3,576,000	-2,984,000	-112,000	-452,000	-491,000	-812,000	-873,000	-909,000	-1,087,000	-634,000	-382,000	-357,000	-211,000	-251,000	-319,000			-209,000	-99,000	34,000	-159,000	-432,000	-385,000	-286,000	-357,000	-374,000	-214,000	-296,000	-297,000	-297,000	-297,000	-80,000	-52,000	-45,000	-58,000	227,000	-144,000	-152,000	-130,000	222,000	13,000	42,000		30,000	76,000
income before income taxes	137,438,000	117,490,000	126,846,000	106,470,000	57,671,000	155,592,000	88,797,000	72,526,000	41,363,000	54,777,000	54,030,000	54,735,000	27,073,000	34,685,000	42,719,000	36,640,000	26,120,000	16,106,000	29,093,000	28,396,000	16,428,000	13,786,000	21,677,000	25,513,000	4,399,000	-5,538,000	9,422,000	8,571,000	2,024,000																																																							3,647,000	1,228,000
income tax expense	-33,673,000	-25,793,000	-30,517,000	-27,362,000	-15,080,000	-38,400,000	-23,404,000	-17,952,000	-7,604,000	-12,341,000	-13,891,000	-14,505,000	-7,033,000	-12,280,000	-12,562,000	-10,268,000	-6,597,000	-5,068,750	-7,336,000	-8,179,000	-4,760,000	-3,678,000	-6,280,000	-7,248,000	-1,184,000	-445,500	-913,000	-706,000	-163,000	-187,000	-1,413,000	-98,000		351,000	-344,000	-98,000	-27,000			-27,000				-28,000	-3,000													-823,750	-1,984,000	-1,145,000	-166,000	-1,236,250	-1,824,000	-2,263,000	-858,000	-3,038,500	-4,214,000	-5,021,000	-2,919,000	-1,904,000	-3,245,000	-2,781,000	-1,591,000																189,000
net income, including noncontrolling interests	103,765,000	91,697,000	96,329,000	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
less: net income attributable to noncontrolling interests	-7,796,000	-4,100,000	-4,241,000	-8,117,000	-3,114,000	-3,979,000	-4,072,000	-2,695,000	-2,711,000	-2,263,000	-786,000	-750,000	-391,000	-424,000	-634,000	-411,000	-271,000	-573,000	-631,000	-161,000	-1,113,000	-203,000	-240,000	-55,000	-100,000	-159,000	-552,000	-37,000	-46,000
net income attributable to sterling common stockholders	95,969,000	87,597,000	92,088,000	70,991,000	39,477,000	113,213,000	61,321,000	51,879,000	31,048,000	40,173,000	39,353,000	39,480,000	19,649,000	31,725,000	29,523,000	25,961,000	19,252,000	10,908,000	21,126,000	20,056,000	10,555,000	5,824,000	15,157,000	18,210,000	3,115,000	22,301,000	7,957,000	7,828,000	1,815,000	5,607,000	8,915,000	8,176,000	2,489,000	3,080,000	7,132,000	3,662,000		-722,500	2,415,000	2,023,000		-4,819,500	256,000	-2,542,000	-16,992,000			1,200,000	205,000			-17,025,000		2,926,000	990,000	3,287,000	-7,500,000	-43,616,000	3,461,000	4,211,000	44,000	9,372,000	3,496,000	4,667,000	1,552,000	761,000	8,092,000	9,285,000	5,565,000
net income per share																																																																										0.223	0.31	0.35	0.23	0.243	0.34	0.32	0.32
basic	3.13	2.86	3.02	2.33	1.29	3.68	2	1.68	1	1.31	1.28	1.28	0.64	0.72	0.98	0.86	0.64	0.38	0.74	0.7	0.37	0.21	0.54	0.65	0.11	0.83	0.3	0.3	0.07	0.21	0.33	0.3	0.09	0.11	0.27	0.14						-0.25	0.01			-0.035	-0.21					-0.93	-0.39	0.01	0.01	0.15	-0.44	-2.71	0.21	0.26		0.55	0.22	0.29	0.1	0.04	0.61	0.7	0.42	0.273	0.46	0.39	0.24
diluted	3.09	2.82	2.97	2.31	1.28	3.64	1.97	1.67	1	1.27	1.26	1.27	0.64	0.7	0.97	0.86	0.64	0.36	0.72	0.69	0.37	0.2	0.54	0.65	0.11	0.81	0.3	0.29	0.07	0.21	0.33	0.3	0.09	0.1	0.26	0.13						-0.25	0.01			-0.035	-0.21					-0.93	-0.39	0.01	0.01	0.15	-0.44	-2.71	0.21	0.25		0.54	0.21	0.28	0.09	0.04	0.59	0.68	0.41	0.26	0.44	0.37	0.23
weighted-average common shares outstanding:
basic	30,652	30,542	30,519	30,408	30,547	30,830	30,735	30,914	30,977	30,755	30,800	30,780	30,618	30,199	30,278	30,225	29,964	28,600	28,710	28,582	28,279	27,859	28,003	27,941	27,736	26,671	26,365	26,338	26,377	26,903	26,908	26,887	26,854	26,274	26,486	26,978			25,002,964	22,761,671			19,627,674	19,269,977	18,901,739		18,809,401	17,942,124	16,667,939	16,635,179	16,652,074	16,629,630	16,598,255	16,420,886	16,404,749	16,359,597	16,322,477	16,395,739	16,385,729	16,483,691	16,464,842	16,194,708	16,199,356	16,119,234	16,087,808			13,223,165																			5,343,508	5,316,440	5,172,458
diluted	31,038	30,947	30,960	30,762	30,881	31,146	31,070	31,145	31,186	31,208	31,217	31,000	30,789	30,564	30,540	30,362	30,112	29,101	29,213	29,054	28,763	28,195	28,233	27,957	27,992	27,119	26,637	26,623	26,723	27,194	27,295	27,125	27,078	26,712	26,920	27,336			25,364,881	22,958,551			19,627,674	19,269,977	18,901,739		18,809,401	18,110,025	16,855,173	16,635,179	16,652,074	16,629,630	16,598,255	16,420,886	16,504,033	16,444,324	16,322,477	16,395,739	16,440,835	16,594,509	16,624,459	16,563,169	16,549,056	16,542,667	16,532,581			13,730,182																			7,127,758	7,081,760	7,266,573
other operating expense						-7,416,000	-7,283,000	-7,772,000	-3,148,000	-5,338,000	-5,654,000	-4,181,000	-1,868,000	-8,104,000	-4,085,000	-126,000	-975,000	-3,209,000	-3,270,000	-4,832,000	-2,312,000	-2,611,000	-2,664,000	-5,097,000	-2,228,000	-1,901,000	-4,366,000	-3,538,000	-2,294,000	-5,141,000	-5,452,000	-5,693,000	-815,000	-5,194,000	-4,863,000
continuing operations:
net income from continuing operations										40,173,000	39,353,000	39,480,000	19,649,000																																																													4,692,000	3,443,000	3,797,000	2,536,000	2,915,000	3,545,000	3,156,000	3,022,000	5,066,000	2,723,000
discontinued operations
pretax loss
income tax benefit																																	-41,000					-17,000	-41,000			2,000	39,000			-59,000	-546,000	-28,000		-14,150,000	380,000	9,747,000	2,800,000	-1,567,000	-847,000	-984,000	3,976,000
net loss from discontinued operations
net income from discontinued operations																																																																														0.02	0.01	0.02	0.02	-531,999.93	57,000
pretax income
gain on extinguishment of debt														607,000			2,428,000		968,000	1,401,000
net income														19,013,000	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	6,551,000	10,166,000	9,142,000	3,680,000	4,314,000	8,826,000	4,563,000	-1,886,000	-5,774,000	3,155,000	2,543,000	-7,336,000	-856,000	1,365,000	-995,000	-16,700,000	-5,934,000	-2,217,000	2,445,000	480,000		2,095,000	-16,220,000	-4,419,000	5,780,000	4,069,000	7,668,000	195,000	-48,419,000	5,941,000	6,292,000	1,482,000	13,373,000	4,721,000	5,849,000	2,280,000	1,064,000	8,827,000	9,770,000	5,866,000	3,832,000	5,978,000	5,140,000	3,117,000	4,692,000	3,443,000	3,797,000	2,511,000	3,153,000	3,610,000	3,364,000	3,193,000	5,093,000	2,780,000	2,401,000	827,000	3,046,000	716,000	1,624,000	268,000
yoy														65.60%	38.61%	30.44%	67.32%	90.49%	41.31%	10.69%	262.92%	-73.17%	80.95%	132.23%	72.76%	242.85%	-16.30%	-13.97%	-49.43%	51.85%	15.18%	100.35%	-295.12%	-174.71%	179.75%	79.43%	-74.29%	574.53%	131.14%	-355.58%	-56.07%	-85.57%	-161.57%	-140.70%	-3579.17%		-205.82%	-115.07%	-110.86%		-48.51%	-311.53%	-2366.15%	-111.94%	-31.51%	21.87%	-86.84%	-462.07%	25.84%	7.57%	-35.00%	1156.86%	-46.52%	-40.13%	-61.13%	-72.23%	47.66%	90.08%	88.19%	-18.33%	73.63%	35.37%	24.13%	48.81%	-4.63%	12.87%	-21.36%	-38.09%	29.86%	40.11%	286.09%	67.20%	288.27%	47.84%	208.58%
qoq														-36.95%	14.35%	35.08%	70.05%	-47.23%	7.62%	73.27%	93.60%	-60.86%	-15.70%	468.12%	-85.69%	163.96%	8.19%	322.62%	-71.59%	-35.56%	11.20%	148.42%	-14.70%	-51.12%	93.43%	-341.94%	-67.34%	-283.01%	24.07%	-134.66%	757.01%	-162.71%	-237.19%	-94.04%	181.43%	167.66%	-190.67%	409.38%			-112.92%	267.05%	-176.45%	42.05%	-46.94%	3832.31%	-100.40%	-915.00%	-5.58%	324.56%	-88.92%	183.27%	-19.29%	156.54%	114.29%	-87.95%	-9.65%	66.55%	53.08%	-35.90%	16.30%	64.90%	-33.57%	36.28%	-9.32%	51.21%	-20.36%	-12.66%	7.31%	5.36%	-37.31%	83.20%	15.79%	190.33%	-72.85%	325.42%	-55.91%	505.97%
loss on extinguishment of debt																					-337,000															-755,000								-240,000
general and administrative expenses																													-12,489,000	-12,264,000	-11,707,000	-13,622,000	-13,100,000	-11,806,000	-13,129,000	-12,812,000	-10,604,000	-9,402,000	-9,575,000	-9,104,000	-10,542,000	-9,560,000	-11,119,000	-9,598,000	-11,603,000	-9,581,000	-9,326,000	-9,507,000	-8,484,000			-9,486,000	-9,611,000	-8,818,000	-10,259,000	-8,444,000	-7,666,000	-5,358,000	-7,071,000	-6,300,000	-6,056,000	-7,413,000	-6,774,000	-5,241,000	-5,464,000	-4,435,000	-3,508,000	-3,814,000	-3,214,000	-3,673,000	-3,201,000	-3,442,000	-3,447,000	4,481,000	3,257,000	2,876,000	2,575,000	2,650,000	2,866,000	2,842,000	2,309,000	2,320,000	2,410,000
weighted-average number of common shares outstanding used in computing per share amounts:
basic	30,652	30,542	30,519	30,408	30,547	30,830	30,735	30,914	30,977	30,755	30,800	30,780	30,618	30,199	30,278	30,225	29,964	28,600	28,710	28,582	28,279	27,859	28,003	27,941	27,736	26,671	26,365	26,338	26,377	26,903	26,908	26,887	26,854	26,274	26,486	26,978			25,002,964	22,761,671			19,627,674	19,269,977	18,901,739		18,809,401	17,942,124	16,667,939	16,635,179	16,652,074	16,629,630	16,598,255	16,420,886	16,404,749	16,359,597	16,322,477	16,395,739	16,385,729	16,483,691	16,464,842	16,194,708	16,199,356	16,119,234	16,087,808			13,223,165																			5,343,508	5,316,440	5,172,458
diluted	31,038	30,947	30,960	30,762	30,881	31,146	31,070	31,145	31,186	31,208	31,217	31,000	30,789	30,564	30,540	30,362	30,112	29,101	29,213	29,054	28,763	28,195	28,233	27,957	27,992	27,119	26,637	26,623	26,723	27,194	27,295	27,125	27,078	26,712	26,920	27,336			25,364,881	22,958,551			19,627,674	19,269,977	18,901,739		18,809,401	18,110,025	16,855,173	16,635,179	16,652,074	16,629,630	16,598,255	16,420,886	16,504,033	16,444,324	16,322,477	16,395,739	16,440,835	16,594,509	16,624,459	16,563,169	16,549,056	16,542,667	16,532,581			13,730,182																			7,127,758	7,081,760	7,266,573
income before income taxes and noncontrolling interests in earnings																														6,738,000	11,579,000	9,240,000	3,721,000
noncontrolling interests in earnings																														-944,000	-1,251,000	-966,000	-1,191,000
income before income taxes and earnings attributable to noncontrolling interests																																		3,963,000	9,170,000	4,661,000		-392,500	3,196,000	2,570,000		-4,084,500	1,326,000	-967,000		-5,875,000	-1,671,000	2,473,000			1,715,000	-25,967,000		7,347,000	4,916,000	8,652,000		-68,726,000	7,925,000	7,437,000	1,648,000
noncontrolling owners’ interests in earnings of subsidiaries and joint ventures																																		-1,234,000	-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			-805,000	-161,000	-2,854,000	-3,079,000	-4,381,000	-7,695,000	4,803,000	-2,480,000		-1,438,000
loss before income taxes and earnings attributable to noncontrolling interests																																					-1,859,000				-7,336,000
net loss attributable to sterling common stockholders																																					-2,257,000				-7,328,000					-7,252,000	-3,935,000						-4,580,000
net income per share																																																																										0.223	0.31	0.35	0.23	0.243	0.34	0.32	0.32
basic and diluted																																					-0.09	-0.28	0.1	0.09	-0.37
weighted-average number of common shares outstanding used in computing per share amounts:
basic and diluted																																					25,022	23,140			19,760,221	19,375,213				18,063,466
noncontrolling owners’ interests in earnings of subsidiaries																																										-268,000	-1,109,000	-1,547,000	-292,000
net earnings per share attributable to sterling common stockholders:
basic																																												-0.13	-0.9			0.07	0.01
diluted																																												-0.13	-0.9			0.07	0.01
income before income taxes and earnings attributable to noncontrolling owners’ interests																																													-16,697,000				480,000
gain on sale of securities																																																													-204,000	-1,082,000	80,000	547,000	417,000
gain on sale of securities and other																																																		-316,000	163,000	102,000	573,000	97,000	617,000	333,000	750,000	127,000	212,000	-41,000
loss before income taxes and earnings attributable to noncontrolling owners’ interests																																																					-7,219,000
other income																																																									1,231,000	164,000	76,000	5,000	145,000	-1,803,000	-45,000	-83,000	31,000	300,000	-70,000	-47,000	87,000	-40,000	61,000	-91,000	-11,000	116,000		108,000	308,000	29,000	89,000
income (loss ) before income taxes and earnings attributable to noncontrolling interests																																																									-3,781,000
noncontrolling owners' interests in earnings of subsidiaries and joint ventures																																																												-2,081,000
income before income taxes and earnings attributable to non-controlling interests																																																														4,449,000	6,545,000
less: net income attributable to non-controlling interests																																																														-784,000	-1,225,000
income before income taxes and earnings attributable to the non-controlling interests																																																																8,112,000	3,138,000
less: net income attributable to the non-nontrolling interests of subsidiaries and joint ventures																																																																-1,182,000
less: net income attributable to the non-controlling interests of subsidiaries																																																																	-728,000
income before income taxes and earnings attributable to the noncontrolling interest																																																																		9,154,500	13,041,000	14,791,000	8,785,000
less: net income attributable to the noncontrolling interest in earnings of subsidiary																																																																		-380,250	-735,000	-485,000	-301,000
weighted average number of common shares outstanding used in computing per share amounts:
basic																																																																		13,358,903	13,275,416		13,188,266		13,125,671	13,110,500	13,068,864
diluted																																																																		13,855,709	13,740,464		13,715,629		13,705,477	13,783,307	13,684,249
income before income taxes andminority interest																																																																						5,667,250	9,591,000
minority interest in earnings ofsubsidiary																																																																						-204,750	-368,000	-357,000
income before income taxes and minority interest																																																																								8,278,000	4,800,000
minority interest in earnings of rhb																																																																									-92,000
income from continuing operations before income taxes																																																																										7,692,000	5,125,000	5,711,000	3,831,000	4,454,000	5,354,000	4,832,000	4,563,000	5,034,000	4,126,000
income taxes																																																																										1,222,500	1,682,000	1,914,000	1,295,000	1,256,750	1,809,000	1,676,000	1,541,000	705,000	1,403,000
income (loss) from discontinued operations, net of income taxes of 0, 45, 0 and 290, respectively																																																																										-6,250
basic net income per share:
net income per share																																																																										0.223	0.31	0.35	0.23	0.243	0.34	0.32	0.32
weighted average number of shares outstanding used in computing basic per share amounts																																																																										11,043,948	11,003,346	10,969,513
diluted net income per share:
weighted average number of shares outstanding used in computing diluted per share amounts																																																																										11,836,176	11,774,116	11,783,284
income from discontinued operations, net of income taxes of 0, 144, 0 and 245, respectively
net income from discontinued operations, net of income taxes of 0 and 102																																																																													-25,000
weighted average number of shares outstanding used
in computing basic per share amounts																																																																													10,919,145
diluted net income per share																																																																													0.21				0.28			0.26	0.09
in computing diluted per share amounts																																																																													11,774,690
income from discontinued operations, net of income taxes of 45, 37, 290 and 268, respectively																																																																														111,000	65,000
weighted-average number of shares outstanding used in computing basic per share amounts																																																																														10,582,730	10,779,232	10,576,649	10,002,088	7,775,476	7,801,717	7,720,053	7,389,499	5,342,847
weighted-average number of shares outstanding used in computing diluted per share amounts																																																																														11,714,310	11,793,285	11,799,809	11,266,294	9,537,923	9,704,822	9,413,612	9,283,485	7,027,682
net interest income																																																																																364,000	186,000
income from discontinued operations, net of income taxes of 144, 136, 245 and 230, respectively																																																																																208,000
net income from discontinued operations, net of income taxes of 102 and 94, respectively																																																																																	171,000
interest expense, net of interest income																																																																																		138,000	366,000	435,000	547,000	470,000	487,000	219,000	519,000
income from continuing operations before minority interest and income taxes																																																																																		5,034,000	4,126,000
minority interest
income from continuing operations																																																																																		0.18	0.35
income from discontinued operations																																																																																		0.018	0.01
contract revenues																																																																																				57,228,000	39,413,000	37,317,000	40,221,000	29,354,000	25,586,000
distribution revenues																																																																																				6,089,000	6,536,000
cost of contract revenues earned																																																																																				51,223,000	36,056,000	35,247,000	36,323,000	24,739,000	22,908,000
cost of goods sold, including occupancy, buying and warehouse expenses																																																																																				5,017,000	5,563,000	3,450,000	4,710,000	4,527,000	5,776,000
selling and administrative expenses																																																																																				2,984,000	2,525,000	2,309,000	2,816,000	2,389,000	2,476,000
provision for doubtful accounts																																																																																				11,000	30,000
income before minority interest and income taxes																																																																																				3,647,000	1,228,000	-140,000	1,338,000	2,869,000	630,000
income taxes:
state income tax expense																																																																																				6,000	-17,000	1,000		9,000
deferred income tax expense																																																																																				1,240,000	418,000
total income tax expense																																																																																				1,246,000	401,000
basic net income per share																																																																																				0.31	0.11
current income tax expense
sales																																																																																						4,391,250	5,453,000	5,389,000	6,723,000
minority interest in net earnings of subsidiary																																																																																						215,500	253,000	442,000	167,000
income before taxes																																																																																						993,750	1,085,000	2,427,000	463,000
federal income tax expense																																																																																						338,000	369,000	794,000
net income tax expense																																																																																						342,000	369,000	803,000	195,000
basic and diluted net income per share:
basic																																																																																						0.123	0.13	0.31	0.05
diluted																																																																																						0.093	0.1	0.23	0.04
weighted-average number of shares outstanding:
basic	30,652	30,542	30,519	30,408	30,547	30,830	30,735	30,914	30,977	30,755	30,800	30,780	30,618	30,199	30,278	30,225	29,964	28,600	28,710	28,582	28,279	27,859	28,003	27,941	27,736	26,671	26,365	26,338	26,377	26,903	26,908	26,887	26,854	26,274	26,486	26,978			25,002,964	22,761,671			19,627,674	19,269,977	18,901,739		18,809,401	17,942,124	16,667,939	16,635,179	16,652,074	16,629,630	16,598,255	16,420,886	16,404,749	16,359,597	16,322,477	16,395,739	16,385,729	16,483,691	16,464,842	16,194,708	16,199,356	16,119,234	16,087,808			13,223,165																			5,343,508	5,316,440	5,172,458
diluted	31,038	30,947	30,960	30,762	30,881	31,146	31,070	31,145	31,186	31,208	31,217	31,000	30,789	30,564	30,540	30,362	30,112	29,101	29,213	29,054	28,763	28,195	28,233	27,957	27,992	27,119	26,637	26,623	26,723	27,194	27,295	27,125	27,078	26,712	26,920	27,336			25,364,881	22,958,551			19,627,674	19,269,977	18,901,739		18,809,401	18,110,025	16,855,173	16,635,179	16,652,074	16,629,630	16,598,255	16,420,886	16,504,033	16,444,324	16,322,477	16,395,739	16,440,835	16,594,509	16,624,459	16,563,169	16,549,056	16,542,667	16,532,581			13,730,182																			7,127,758	7,081,760	7,266,573
state tax expense																																																																																									6,000
weighted-average number of shares outstanding used in computing basic and diluted per share amounts:
basic	30,652	30,542	30,519	30,408	30,547	30,830	30,735	30,914	30,977	30,755	30,800	30,780	30,618	30,199	30,278	30,225	29,964	28,600	28,710	28,582	28,279	27,859	28,003	27,941	27,736	26,671	26,365	26,338	26,377	26,903	26,908	26,887	26,854	26,274	26,486	26,978			25,002,964	22,761,671			19,627,674	19,269,977	18,901,739		18,809,401	17,942,124	16,667,939	16,635,179	16,652,074	16,629,630	16,598,255	16,420,886	16,404,749	16,359,597	16,322,477	16,395,739	16,385,729	16,483,691	16,464,842	16,194,708	16,199,356	16,119,234	16,087,808			13,223,165																			5,343,508	5,316,440	5,172,458
diluted	31,038	30,947	30,960	30,762	30,881	31,146	31,070	31,145	31,186	31,208	31,217	31,000	30,789	30,564	30,540	30,362	30,112	29,101	29,213	29,054	28,763	28,195	28,233	27,957	27,992	27,119	26,637	26,623	26,723	27,194	27,295	27,125	27,078	26,712	26,920	27,336			25,364,881	22,958,551			19,627,674	19,269,977	18,901,739		18,809,401	18,110,025	16,855,173	16,635,179	16,652,074	16,629,630	16,598,255	16,420,886	16,504,033	16,444,324	16,322,477	16,395,739	16,440,835	16,594,509	16,624,459	16,563,169	16,549,056	16,542,667	16,532,581			13,730,182																			7,127,758	7,081,760	7,266,573

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	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	2015-09-30	2015-06-30	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	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	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	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31

assets
current assets:
cash and cash equivalents	511,858,000	390,721,000	306,395,000	699,373,000	638,647,000	664,195,000	648,127,000	539,985,000	480,414,000	471,563,000	409,398,000	278,121,000	202,576,000	181,544,000	146,479,000	72,905,000	80,395,000	81,840,000	117,702,000	93,630,000	61,402,000	66,185,000	72,593,000	70,612,000	73,905,000	45,733,000	76,530,000	71,730,000	56,764,000	94,095,000	89,336,000	66,585,000	55,462,000	83,953,000	66,541,000	60,058,000	37,147,000	42,785,000	43,021,000	42,635,000	14,919,000	4,426,000	11,488,000	14,336,000	17,196,000	22,843,000	17,000,000	14,281,000	1,287,000	1,872,000	5,014,000	1,029,000	4,154,000	3,142,000	1,034,000	19,112,000	16,610,000	16,371,000	16,650,000	10,267,000	12,370,000	49,441,000	13,076,000	36,823,000	46,867,000	54,406,000	62,239,000	78,571,000	57,712,000	55,305,000	62,094,000	85,197,000	72,202,000	80,649,000	14,894,000	15,596,000	15,153,000	28,466,000	18,996,000	15,945,000	35,419,000	22,267,000	20,138,000	6,451,000	1,005,000	3,518,000	3,352,000	3,672,000	2,869,000	2,765,000
accounts receivable	513,903,000	501,163,000	496,058,000	347,661,000	285,751,000	247,050,000	329,882,000	374,771,000	274,010,000	252,435,000	326,331,000	296,496,000	230,148,000	262,646,000	329,548,000	302,844,000	226,397,000	232,153,000	218,683,000	211,529,000	170,186,000	177,424,000
contract assets	131,724,000	101,154,000	102,736,000	51,778,000	48,704,000	55,387,000	79,736,000	77,034,000	88,329,000	88,600,000	107,327,000	115,011,000	125,494,000	109,803,000	153,666,000	121,667,000	87,865,000	83,310,000	85,498,000	86,184,000	90,109,000	84,975,000
receivables from and equity in construction joint ventures	7,229,000	6,179,000	5,204,000	7,968,000	6,912,000	5,811,000	7,814,000	5,467,000	18,222,000	17,506,000	14,593,000	11,407,000	13,648,000	14,122,000	16,316,000	16,910,000	19,292,000	16,896,000	21,656,000	18,011,000	18,166,000	16,653,000	13,802,000	12,396,000	10,789,000	9,196,000	14,651,000	14,381,000	11,625,000	10,720,000	11,521,000	11,766,000	12,485,000	11,380,000	9,069,000	7,463,000	7,890,000	7,130,000	9,469,000	7,365,000	8,316,000	12,930,000	11,089,000	10,837,000	9,698,000	9,153,000	10,621,000	8,817,000	11,196,000	6,118,000	12,260,000	8,543,000	9,450,000	11,005,000	10,767,000	6,889,000	7,546,000	6,057,000	8,135,000	5,910,000	6,288,000	6,744,000	7,599,000	4,607,000
other current assets	29,977,000	35,245,000	52,755,000	22,979,000	17,720,000	17,383,000	18,086,000	19,511,000	17,883,000	17,875,000	18,315,000	14,765,000	16,094,000	29,139,000	23,549,000	23,170,000	21,941,000	20,492,000	22,483,000	24,738,000	15,366,000	16,306,000	14,171,000	11,965,000	10,335,000	11,790,000	11,065,000	7,951,000	6,696,000	8,074,000	8,857,000	9,066,000	6,479,000	7,529,000	9,654,000	11,206,000	6,609,000	5,448,000	6,170,000	5,428,000	4,627,000	6,013,000	9,044,000	5,652,000	4,451,000	5,278,000	10,153,000	11,769,000	11,485,000	11,377,000	9,026,000	10,180,000	8,194,000	4,459,000	5,406,000	5,032,000
total current assets	1,194,691,000	1,034,462,000	963,148,000	1,132,299,000	997,734,000	1,021,880,000	1,083,645,000	1,016,768,000	878,858,000	847,979,000	875,964,000	715,800,000	587,960,000	597,254,000	669,558,000	537,496,000	435,890,000	434,691,000	466,022,000	434,092,000	355,229,000	361,543,000	427,218,000	416,447,000	371,088,000	357,521,000	332,746,000	309,023,000	268,918,000	302,616,000	313,376,000	289,883,000	257,179,000	278,526,000	279,793,000	260,749,000	180,967,000	175,908,000	200,064,000	201,139,000	153,738,000	134,921,000	157,154,000	162,658,000	157,295,000	156,974,000	181,439,000	177,048,000	127,094,000	114,485,000	176,763,000	156,963,000	149,243,000	164,758,000	213,753,000	189,841,000	166,248,000	164,023,000	198,068,000	178,721,000	170,961,000	176,329,000	179,529,000	188,089,000	184,049,000	189,188,000	178,534,000	190,845,000	161,157,000	152,722,000		158,345,000	135,124,000	142,950,000	111,322,000	106,914,000	103,967,000	107,408,000	112,305,000	99,963,000	94,424,000	73,627,000	78,770,000	63,090,000	53,880,000	48,078,000	52,028,000	43,012,000	43,894,000	40,199,000
property and equipment	284,303,000	278,269,000	268,033,000	244,810,000	244,659,000	236,795,000	270,532,000	268,185,000	258,802,000	243,648,000	231,058,000	228,461,000	215,217,000	215,482,000	222,647,000	214,976,000	212,603,000	204,316,000	148,444,000	142,015,000	135,428,000	126,668,000	121,534,000	119,596,000	117,818,000	116,030,000	48,584,000	49,217,000	52,011,000	51,999,000	52,196,000	51,726,000	52,142,000	54,406,000	59,464,000	61,275,000	65,821,000	68,127,000	70,363,000	72,035,000	72,481,000	73,475,000	74,550,000	80,813,000	82,541,000	87,098,000	90,453,000	88,925,000	89,432,000	93,683,000	95,926,000	97,498,000	101,902,000	102,308,000	102,326,000	102,403,000	82,680,000	83,429,000	83,719,000	81,102,000	78,944,000	74,681,000	76,011,000	75,345,000	78,034,000	80,282,000	71,681,000	74,608,000	76,015,000	77,993,000	78,582,000	76,245,000	73,433,000	72,389,000	62,390,000	58,121,000	50,782,000	46,617,000	45,795,000	38,919,000	35,266,000	27,271,000	27,130,000	27,151,000	23,020,000	21,227,000
investment in unconsolidated subsidiary	100,482,000	105,813,000	108,512,000	109,040,000	109,291,000	107,400,000
operating lease right-of-use assets	53,941,000	58,167,000	64,232,000	44,470,000	48,264,000	52,668,000	54,748,000	58,970,000	55,169,000	57,235,000	58,492,000	61,106,000	62,278,000	59,415,000	60,384,000	46,628,000	37,344,000	24,520,000	17,470,000	16,609,000	15,804,000	16,515,000	17,250,000	17,076,000	14,790,000	13,979,000	14,589,000	14,995,000	15,290,000
goodwill	584,821,000	585,221,000	580,564,000	283,664,000	283,664,000	264,597,000	281,363,000	281,363,000	281,363,000	281,117,000	262,692,000	262,692,000	262,671,000	262,692,000	252,887,000	252,887,000	252,353,000	259,791,000	192,014,000	192,014,000	192,014,000	192,014,000	192,014,000	192,014,000	191,892,000	191,892,000	85,231,000	85,231,000	85,231,000	85,231,000	85,231,000	85,231,000	85,231,000	85,231,000	85,277,000	90,971,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,820,000	54,460,000	54,460,000	54,500,000	54,050,000	121,010,000	114,745,000	114,745,000	114,745,000	114,745,000	114,745,000	114,745,000	114,745,000	57,232,000	57,232,000	57,232,000	57,232,000	57,232,000	57,232,000	57,232,000	57,232,000	12,735,000	12,735,000	12,735,000	12,735,000	12,735,000	12,735,000	12,735,000	12,735,000	12,735,000	12,863,000	12,863,000	12,863,000	7,809,000	7,809,000		7,809,000
other intangibles	548,009,000	554,702,000	561,716,000	329,158,000	333,694,000	316,390,000	315,540,000	319,820,000	324,100,000	328,397,000	287,914,000	291,650,000	295,387,000	299,123,000	293,532,000	297,041,000	300,055,000	303,223,000	236,289,000	239,155,000	242,021,000	244,887,000	247,754,000	250,620,000	253,486,000	256,323,000	40,617,000	41,218,000
other non-current assets	17,425,000	17,197,000	16,062,000	17,449,000	17,233,000	17,044,000	17,757,000	19,444,000	19,204,000	18,808,000	7,685,000	7,649,000	7,615,000	7,654,000	4,325,000	4,502,000	4,488,000	4,455,000	4,078,000	3,305,000	3,310,000	3,250,000	153,000	153,000	172,000	183,000	202,000	211,000
total assets	2,783,672,000	2,633,831,000	2,562,267,000	2,160,890,000	2,034,539,000	2,016,774,000	2,023,585,000	1,964,550,000	1,817,496,000	1,777,184,000	1,723,805,000	1,567,358,000	1,431,128,000	1,441,620,000	1,503,333,000	1,353,530,000	1,242,733,000	1,230,996,000	1,064,317,000	1,027,190,000	947,216,000	952,694,000	1,022,512,000	1,017,510,000	976,395,000	961,940,000	521,969,000	499,895,000	463,514,000	482,573,000	494,164,000	470,685,000	439,035,000	463,298,000	473,035,000	455,453,000	304,576,000	301,823,000	328,215,000	330,962,000	284,007,000	267,284,000	290,674,000	307,318,000	301,001,000	306,451,000	335,068,000	329,714,000	280,821,000	273,018,000	354,112,000	329,069,000	316,147,000	331,510,000	375,281,000	352,882,000	308,863,000	303,831,000	404,034,000	375,888,000	366,052,000	367,131,000	371,730,000	379,784,000	378,411,000	385,741,000	308,871,000	324,170,000	295,954,000	289,615,000		293,617,000	267,649,000	274,515,000	187,107,000	178,552,000	168,361,000	167,772,000	171,293,000	152,079,000	144,650,000	118,455,000	122,789,000	108,709,000	96,658,000	89,544,000
liabilities and stockholders’ equity
current liabilities:
accounts payable	234,475,000	226,810,000	198,323,000	159,259,000	128,885,000	130,420,000	160,199,000	163,841,000	135,426,000	145,968,000	150,218,000	140,620,000	119,450,000	121,887,000	192,902,000	164,506,000	143,400,000	144,982,000	142,740,000	137,934,000	111,131,000	95,201,000	127,336,000	131,098,000	123,172,000	137,593,000	110,624,000	101,342,000	81,870,000	99,426,000	106,271,000	96,384,000	85,123,000	97,457,000	100,565,000	89,468,000	71,448,000	67,097,000	76,861,000	79,853,000	63,389,000	58,959,000	59,502,000	75,760,000	71,462,000	66,792,000	81,097,000	90,157,000	62,006,000	61,599,000	79,113,000	55,822,000	54,051,000	47,796,000	65,781,000	62,272,000	44,826,000	34,428,000	51,379,000	35,449,000	33,358,000	35,432,000	42,509,000	34,554,000	32,596,000	32,619,000	27,475,000	38,737,000	26,047,000	26,111,000	30,488,000	30,739,000	21,910,000	27,190,000	22,257,000	24,073,000	23,177,000	17,373,000	19,478,000	18,351,000	19,720,000	20,416,000	29,245,000	24,467,000	27,012,000	18,189,000	18,887,000	16,510,000	17,664,000	14,439,000
contract liabilities	695,617,000	652,357,000	616,273,000	553,171,000	534,388,000	508,846,000	563,531,000	556,134,000	485,049,000	444,160,000	432,213,000	335,877,000	242,326,000	239,297,000	224,739,000	161,961,000	116,182,000	127,932,000	141,236,000	141,236,000	111,232,000	114,019,000
current maturities of long-term debt	15,138,000	15,146,000	15,154,000	15,162,000	26,419,000	26,423,000	26,425,000	26,428,000	26,469,000	26,520,000	35,142,000	35,062,000	35,059,000	32,610,000	29,705,000	26,273,000	30,368,000	28,230,000	21,239,000	23,186,000	59,962,000	77,434,000	57,476,000	54,979,000	50,211,000	42,473,000	12,238,000	12,128,000	393,000	2,899,000	3,014,000	826,000	1,057,000	3,978,000	986,000	1,039,000	2,939,000	3,845,000	4,653,000	4,854,000	4,857,000	5,192,000	5,171,000	5,019,000	966,000	965,000	964,000	478,000	194,000	134,000	220,000	232,000	207,000	73,000	73,000	573,000	573,000	573,000	573,000	73,000	73,000	73,000				73,000				73,000
current portion of long-term lease obligations	16,200,000	18,679,000	20,980,000	18,202,000	19,333,000	20,498,000	19,531,000	19,831,000	19,143,000	19,641,000	18,403,000	18,129,000	17,376,000	19,715,000	17,418,000	12,582,000	10,117,000	8,841,000	8,314,000	7,942,000	7,627,000	7,588,000	7,624,000	7,423,000	7,410,000	7,095,000	7,492,000	7,059,000	7,009,000
accrued compensation	51,218,000	62,657,000	62,033,000	36,596,000	24,918,000	36,774,000	43,198,000	29,768,000	19,831,000	27,758,000	35,506,000	25,335,000	16,904,000	24,136,000	37,448,000	33,044,000	25,815,000	22,803,000	34,801,000	27,134,000	22,124,000	18,013,000	24,328,000	19,075,000	14,187,000	13,727,000	14,576,000	12,148,000	10,500,000	9,448,000	14,866,000	13,096,000	9,011,000	9,054,000	14,566,000	12,022,000	7,885,000	5,322,000	10,412,000	10,855,000	9,395,000	5,977,000	12,600,000	10,274,000	8,728,000	5,169,000	10,985,000	8,943,000	6,809,000	5,755,000	7,810,000	6,350,000	4,950,000	4,909,000	9,701,000	7,419,000	5,385,000	5,329,000	9,051,000	7,180,000	6,206,000	6,920,000
other current liabilities	71,102,000	46,805,000	54,030,000	13,841,000	22,826,000	18,997,000	26,152,000	24,854,000	19,799,000	14,121,000	14,355,000	12,742,000	13,574,000	8,966,000	10,096,000	9,023,000	13,632,000	18,972,000	9,088,000	8,810,000	9,910,000	9,629,000	11,368,000	10,589,000	10,403,000	6,393,000	6,982,000	5,183,000	6,300,000	4,676,000	6,275,000	7,063,000	8,519,000	9,348,000	15,188,000	7,699,000	6,745,000	6,150,000	5,545,000	4,869,000	4,572,000	3,896,000	5,222,000	5,304,000	4,727,000	4,207,000	4,304,000	4,015,000	3,330,000	4,504,000	3,980,000	4,095,000	2,700,000	2,691,000	5,006,000	4,367,000	2,250,000	8,359,000	6,556,000	10,737,000
total current liabilities	1,083,750,000	1,022,454,000	966,793,000	796,231,000	756,769,000	741,958,000	839,036,000	820,856,000	705,717,000	678,168,000	685,837,000	567,765,000	444,689,000	446,611,000	512,308,000	407,389,000	339,514,000	351,760,000	357,724,000	346,242,000	322,246,000	321,884,000	357,369,000	337,692,000	286,332,000	293,504,000	213,659,000	198,532,000	162,010,000	179,174,000	194,669,000	175,761,000	158,462,000	182,292,000	194,953,000	187,323,000	151,778,000	146,592,000	159,430,000	157,372,000	121,363,000	104,647,000	115,592,000	131,521,000	120,242,000	104,650,000	127,739,000	135,876,000	102,018,000	105,799,000	122,717,000	91,457,000	78,124,000	77,274,000	131,129,000	120,873,000	74,114,000	69,285,000	91,887,000	72,704,000	67,857,000	69,051,000	87,721,000	77,754,000	76,653,000	75,310,000	62,756,000	78,126,000	62,233,000	57,599,000		73,127,000	54,327,000	60,887,000	51,631,000	53,008,000	52,130,000	44,534,000	53,936,000	44,001,000	48,361,000	55,273,000	56,171,000	46,892,000	44,518,000	32,324,000	30,257,000	25,514,000	30,946,000	33,711,000
long-term debt	272,321,000	275,903,000	279,479,000	283,050,000	283,603,000	289,898,000	296,185,000	302,459,000	308,721,000	314,996,000	321,589,000	329,284,000	365,548,000	398,735,000	407,090,000	415,998,000	417,331,000	428,588,000	299,923,000	303,531,000	279,175,000	291,249,000	335,237,000	367,028,000	408,828,000	390,627,000	62,489,000	66,497,000	76,923,000	79,117,000	78,424,000	85,749,000	85,106,000	86,160,000	88,619,000	88,125,000	1,358,000	1,549,000	6,952,000	13,044,000	27,273,000	16,107,000	30,509,000	33,260,000	33,477,000	37,021,000	36,810,000	19,622,000	21,084,000	8,331,000	20,568,000	29,469,000	11,892,000	24,201,000	10,208,000	268,000	245,000	263,000	8,281,000	299,000	318,000	336,000	355,000	25,373,000	30,391,000	40,409,000	40,428,000	50,446,000	50,464,000	55,483,000	60,501,000	60,519,000	60,534,000	65,556,000	30,566,000	25,597,000	20,628,000	30,659,000	28,000,000	24,000,000	16,000,000	13,788,000	15,742,000	13,474,000	6,668,000	13,329,000	15,802,000	12,075,000	11,054,000	6,568,000
long-term lease obligations	38,527,000	40,186,000	43,588,000	26,729,000	29,334,000	32,455,000	35,445,000	39,180,000	36,180,000	37,722,000	40,204,000	43,087,000	45,164,000	40,103,000	43,121,000	34,103,000	27,326,000	15,831,000	9,306,000	8,783,000	8,202,000	8,958,000	9,668,000	9,733,000	7,465,000	6,976,000	7,191,000	8,030,000	8,466,000
deferred tax liability	125,055,000	123,145,000	118,616,000	114,774,000	110,010,000	109,360,000	82,894,000	80,304,000	78,303,000	76,764,000	61,847,000	58,449,000	54,387,000	51,659,000	40,311,000	29,871,000	20,758,000	14,656,000	10,287,000	3,956,000																																			368,000	368,000			22,524,000	20,442,000	19,913,000	18,591,000	17,456,000	15,874,000	15,741,000	15,369,000	15,051,000	14,408,000	12,249,000	11,117,000	9,288,000	5,593,000	4,281,000	3,098,000	2,975,000	1,615,000	1,615,000	1,588,000	1,325,000
other long-term liabilities	68,750,000	65,708,000	68,796,000	28,733,000	27,896,000	16,625,000	15,666,000	16,926,000	17,261,000	16,573,000	6,242,000	5,563,000	4,666,000	5,116,000	4,754,000	4,580,000	4,410,000	4,819,000	9,218,000	9,420,000	10,285,000	10,584,000	10,124,000	8,221,000	5,654,000	619,000	1,088,000	1,101,000	1,115,000	1,229,000	1,230,000	1,246,000	1,252,000	1,271,000	595,000	473,000	419,000	362,000	911,000	389,000	355,000	338,000	328,000	323,000	616,000	753,000	734,000	812,000	1,126,000	2,105,000	2,245,000	2,482,000	2,625,000	2,728,000	2,498,000	2,417,000	2,398,000	2,597,000	2,657,000	177,000
total liabilities	1,588,403,000	1,527,396,000	1,477,272,000	1,249,517,000	1,207,612,000	1,190,296,000	1,292,643,000	1,283,536,000	1,165,279,000	1,153,331,000	1,138,331,000	1,025,444,000	932,873,000	963,821,000	1,063,446,000	946,155,000	865,093,000	870,769,000	741,224,000	728,420,000	671,523,000	683,965,000	763,196,000	776,425,000	757,465,000	740,729,000	338,710,000	325,202,000	297,237,000
commitments and contingencies
stockholders’ equity:
common stock, par value 0.01 per share...	315,000	315,000	315,000	312,000	312,000	312,000	312,000	312,000	311,000	309,000	308,000	308,000	308,000	306,000	303,000	303,000	302,000	298,000	288,000	286,000	286,000	283,000	283,000	283,000	283,000	283,000	271,000	271,000	271,000	271,000	271,000	271,000	270,000	271,000	270,000	270,000	251,000	250,000	250,000	250,000	198,000	198,000	196,000	195,000	189,000	188,000	188,000	188,000	167,000	167,000	167,000	166,000	166,000	165,000	165,000	163,000	163,000	163,000	164,000	165,000	165,000		162,000	161,000	160,000		132,000	132,000	131,000	131,000	131,000	131,000	131,000	130,000				109,000	108,000	108,000	105,000	82,000	81,000	77,000		74,000	53,000	53,000	53,000	51,000
additional paid in capital	367,469,000	366,101,000	369,505,000	287,596,000	283,050,000	288,395,000	295,831,000	291,401,000	288,173,000	293,570,000	295,178,000	291,757,000	288,328,000	287,914,000	281,576,000	279,120,000	276,597,000	280,274,000	255,313,000	253,467,000	251,335,000	256,423,000	254,860,000	253,820,000	250,689,000	251,019,000	234,309,000	233,559,000	233,502,000	233,795,000	233,056,000	232,265,000	231,607,000	231,183,000	231,848,000	231,321,000	209,555,000	208,922,000	208,435,000	208,031,000	188,534,000	188,147,000	206,639,000	205,994,000	205,672,000	205,697,000	205,534,000	205,343,000	191,160,000	190,926,000	197,168,000	197,573,000	197,353,000	197,067,000	196,495,000	196,325,000	196,240,000	196,143,000	197,463,000	198,749,000	198,839,000	198,849,000				197,898,000				150,223,000				147,786,000				114,630,000
treasury stock	-146,846,000	-130,547,000	-103,745,000	-99,126,000	-99,918,000	-63,121,000	-48,901,000	-29,006,000														-1,445,000	-2,651,000	-3,435,000	-4,247,000	-6,142,000	-6,581,000	-6,688,000	-7,182,000	-4,731,000																													-1,432,000	-1,362,000	-62,000																								-1,000	-1,000	-1,000	-1,000	-1,000	-1,000
retained earnings	968,617,000	872,648,000	785,051,000	692,963,000	621,972,000	582,495,000	469,282,000	407,961,000	356,082,000	325,034,000	284,861,000	245,508,000	206,028,000	186,379,000	154,654,000	125,131,000	99,170,000	79,918,000	69,010,000	47,884,000	27,828,000	17,273,000	11,449,000																											-62,317,000	-9,906,000	-9,735,000	5,786,000	12,220,000	12,047,000	11,818,000	9,310,000	16,509,000	59,101,000	55,808,000	51,597,000	51,553,000	42,181,000	38,685,000	34,318,000	32,708,000	32,034,000	23,615,000		8,762,000	4,930,000
total sterling stockholders’ equity	1,189,555,000	1,108,517,000	1,051,126,000	881,745,000	805,416,000	808,081,000	716,524,000	670,668,000	644,566,000	618,913,000	580,347,000	537,573,000	494,664,000	474,599,000	437,111,000	405,233,000	375,909,000	358,767,000	321,688,000	297,996,000	275,080,000	267,270,000	257,628,000	239,637,000	217,537,000	219,918,000	180,665,000	171,851,000	163,472,000																																		241,692,000
noncontrolling interests	5,714,000	-2,082,000	33,869,000	29,628,000	21,511,000	18,397,000	14,418,000	10,346,000	7,651,000	4,940,000	5,127,000	4,341,000	3,591,000	3,200,000	2,776,000	2,142,000	1,731,000	1,460,000	1,405,000	774,000	613,000	1,459,000	1,688,000	1,448,000	1,393,000	1,293,000	2,594,000	2,842,000	2,805,000	7,859,000	6,915,000	7,014,000	6,047,000	4,856,000	3,622,000	1,928,000	1,027,000	656,000	1,161,000	421,000	-99,000	-91,000	7,008,000	6,850,000	7,754,000	7,462,000	6,145,000	4,427,000	3,182,000	3,901,000	3,585,000	2,700,000	2,624,000	2,438,000	2,739,000	1,783,000	1,509,000	1,527,000	1,306,000
total stockholders’ equity	1,195,269,000	1,106,435,000	1,084,995,000	911,373,000	826,927,000	826,478,000	730,942,000	681,014,000	652,217,000	623,853,000	585,474,000	541,914,000	498,255,000	477,799,000	439,887,000	407,375,000	377,640,000	360,227,000	323,093,000	298,770,000	275,693,000	268,729,000	259,316,000	241,085,000	218,930,000	221,211,000	183,259,000	174,693,000	166,277,000																																									159,116,000		147,315,000	141,927,000	138,612,000	101,935,000	98,332,000	93,988,000	90,991,000	87,343,000	83,362,000	79,542,000	48,612,000	43,202,000	40,039,000	36,604,000	35,208,000	19,900,000	19,115,000	17,395,000	16,636,000
total liabilities and stockholders’ equity	2,783,672,000	2,633,831,000	2,562,267,000	2,160,890,000	2,034,539,000	2,016,774,000	2,023,585,000	1,964,550,000	1,817,496,000	1,777,184,000	1,723,805,000	1,567,358,000	1,431,128,000	1,441,620,000	1,503,333,000	1,353,530,000	1,242,733,000	1,230,996,000	1,064,317,000	1,027,190,000	947,216,000	952,694,000	1,022,512,000	1,017,510,000	976,395,000	961,940,000	521,969,000	499,895,000	463,514,000																															375,888,000	366,052,000	367,131,000	371,730,000	379,784,000	378,411,000	385,741,000	308,871,000	324,170,000	295,954,000	289,615,000		293,617,000	267,649,000	274,515,000	187,107,000	178,552,000	168,361,000	167,772,000	171,293,000	152,079,000	144,650,000
receivable from affiliate				2,540,000		32,054,000
members’ interest subject to mandatory redemption and undistributed earnings							23,417,000	23,811,000	19,097,000	29,108,000	22,612,000	21,296,000	18,419,000	21,597,000	55,862,000	54,214,000	55,754,000	55,115,000	54,766,000	56,488,000	51,615,000	51,290,000	50,798,000	53,751,000	49,186,000	49,003,000	51,272,000	48,831,000	47,132,000	49,343,000				47,386,000			44,183,000	45,230,000				50,438,000
current assets of discontinued operations
non-current assets of discontinued operations
current liabilities of discontinued operations
long-term liabilities of discontinued operations
accumulated other comprehensive loss																	-160,000	-1,723,000	-2,923,000	-3,641,000	-4,369,000	-5,264,000	-6,313,000	-7,323,000	-7,270,000	-209,000																		-18,000	-59,000
accumulated other comprehensive gain															578,000	679,000
deferred tax asset																					3,410,000	7,817,000	16,589,000	21,604,000	27,149,000	26,012,000																									1,928,000	588,000	1,786,000	1,803,000	793,000	666,000	521,000	1,302,000	78,000	100,000	117,000	82,000	135,000	80,000	161,000	127,000			177,000	1,203,000	1,006,000	1,088,000	1,088,000	1,088,000	1,038,000	1,246,000	3,002,000	4,297,000	4,743,000	5,240,000	5,240,000	4,224,000	4,824,000	4,824,000	3,947,000	3,986,000	1,452,000	1,452,000	1,452,000	1,452,000
income taxes payable																			306,000		260,000		2,251,000	3,594,000	1,656,000	1,212,000	214,000	101,000	340,000	318,000	279,000	88,000	63,000	81,000	280,000	179,000	105,000	78,000	63,000	27,000	67,000	67,000	48,000	27,000		1,868,000	1,868,000	2,036,000	2,036,000	2,035,000					214,000	5,000	66,000	2,013,000	156,000	241,000	1,506,000	1,493,000		638,000	443,000	351,000	23,000	867,000	597,000	547,000		1,246,000
accounts receivable, including retainage																							271,342,000	269,406,000	221,268,000	248,247,000	160,512,000	157,813,000
costs and estimated earnings in excess of billings																							55,310,000	52,068,000	54,791,000	42,555,000	67,602,000	53,896,000																																																								4,350,000	5,756,000	5,884,000				1,281,000
billings in excess of costs and estimated earnings																							126,986,000	110,934,000	79,293,000	85,011,000	61,533,000	60,571,000
retained deficit																								-3,708,000	-21,918,000	-25,033,000	-47,334,000	-55,291,000	-63,119,000	-64,934,000	-70,544,000	-79,458,000	-87,632,000	-90,121,000	-93,201,000	-100,333,000	-103,995,000	-101,738,000	-95,390,000	-97,805,000	-99,828,000	-92,500,000	-91,376,000	-91,632,000	-89,090,000	-72,098,000	-64,846,000	-60,911,000	-62,112,000
deferred taxes																											3,011,000	2,211,000	1,591,000	1,450,000	1,299,000
inventory																											2,386,000	3,252,000
preferred stock, par value 0.01 per share...																																																																																					77,000
receivables, including retainage																													147,001,000	145,026,000	160,247,000	164,465,000	140,877,000	133,931,000
costs and estimated earnings in excess of billings on uncompleted contracts																													44,133,000	41,542,000	40,275,000	36,388,000	40,013,000	37,112,000	43,384,000	40,588,000	34,475,000	32,705,000	31,989,000	35,391,000	28,188,000	26,905,000	23,287,000	25,503,000	25,827,000	33,403,000	31,745,000	31,985,000	18,751,000	11,684,000	31,481,000	23,327,000	34,331,000	20,592,000	17,876,000	16,131,000	17,822,000	16,509,000	25,660,000	19,440,000	14,709,000	10,058,000	7,484,000	6,658,000		5,973,000	6,196,000	9,059,000	9,128,000	7,508,000	7,991,000		5,665,000	3,747,000	7,247,000	6,561,000	4,441,000	3,157,000	3,299,000	3,065,000	2,346,000	2,199,000	3,296,000				5,161,000	3,007,000	2,241,000
inventories																													2,699,000	3,159,000	3,140,000	1,613,000	1,863,000	4,621,000	2,093,000	3,521,000	3,757,000	3,708,000	4,000,000	3,725,000	2,930,000	2,535,000	2,580,000	5,767,000	5,515,000	7,401,000	6,618,000	5,587,000	6,030,000	6,189,000	5,375,000	4,603,000	5,375,000	3,731,000	3,945,000	3,547,000	3,398,000	1,922,000	1,910,000	1,730,000	1,598,000	1,479,000	1,419,000	1,292,000	1,233,000	1,229,000	1,224,000	1,324,000	1,279,000	1,041,000	1,099,000	1,147,000	1,294,000	1,239,000	1,047,000	1,037,000	1,024,000	965,000						5,479,000	6,572,000	4,525,000	4,789,000	4,835,000	5,389,000	4,842,000
intangibles																													41,818,000	42,418,000	43,018,000	43,618,000	44,218,000	44,818,000	45,200,000	39,490,000
other assets																													246,000	309,000	343,000	227,000	265,000	317,000	3,301,000	2,968,000	2,968,000	2,968,000	2,968,000	2,968,000	2,968,000	4,068,000	4,150,000	9,027,000	6,345,000	7,559,000	8,356,000	8,921,000	9,475,000	10,030,000	12,405,000	5,591,000	5,827,000	6,651,000	4,742,000	6,178,000	5,435,000	2,329,000	1,237,000	1,320,000	1,402,000	1,376,000	1,445,000	1,605,000	1,583,000	1,526,000	1,424,000	1,485,000	1,550,000	1,668,000	1,732,000	1,795,000	1,860,000	1,944,000	629,000	666,000	676,000	687,000	458,000	458,000	520,000	534,000	754,000	770,000	781,000	883,000	588,000	613,000	638,000	663,000
billings in excess of costs and estimated earnings on uncompleted contracts																													55,598,000	62,407,000	63,964,000	58,304,000	54,689,000	62,374,000	63,368,000	76,916,000	62,656,000	64,100,000	61,896,000	56,914,000	39,083,000	30,556,000	33,049,000	35,137,000	34,359,000	25,649,000	28,521,000	30,247,000	27,447,000	31,576,000	31,070,000	24,441,000	12,870,000	18,918,000	27,031,000	24,437,000	21,014,000	18,583,000	15,967,000	19,024,000	17,847,000	17,807,000	31,229,000	31,146,000	33,380,000	31,132,000	25,693,000	29,018,000	28,174,000		25,120,000	33,349,000	23,914,000		21,979,000	24,796,000	24,314,000		20,412,000	11,954,000							4,749,000	4,654,000	7,513,000
liabilities and equity
long-term liabilities:
total long-term liabilities																														131,139,000	129,797,000	134,832,000	130,281,000	134,817,000	135,543,000	134,944,000	45,960,000	47,141,000	54,329,000	62,693,000	73,839,000	66,883,000	52,615,000	54,408,000	56,293,000	60,653,000	60,381,000	44,733,000	46,379,000	34,425,000	22,813,000	31,951,000	14,517,000	26,929,000	13,074,000	3,053,000	2,643,000	2,860,000	33,462,000	20,918,000	20,231,000	18,927,000	17,811,000	41,247,000	46,132,000	55,778,000	63,047,000	71,635,000	68,957,000
equity:
sterling stockholders’ equity:
total sterling common stockholders’ equity																														164,401,000	162,783,000	153,078,000	144,245,000	141,333,000	138,917,000	131,258,000	105,811,000	107,434,000	113,295,000	110,476,000	88,904,000	95,845,000	115,459,000	114,539,000	116,712,000	133,686,000	140,803,000	144,678,000	129,242,000	128,893,000	187,238,000	187,803,000	203,722,000	210,148,000	209,653,000	208,804,000	206,251,000	213,311,000	255,436,000	253,363,000	250,436,000	250,429,000		236,777,000	232,542,000	230,766,000	183,068,000	174,409,000	164,764,000
total equity																														172,260,000	169,698,000	160,092,000	150,292,000	146,189,000	142,539,000	133,186,000	106,838,000	108,090,000	114,456,000	110,897,000	88,805,000	95,754,000	122,467,000	121,389,000	124,466,000	141,148,000	146,948,000	149,105,000	132,424,000	132,794,000	190,823,000	190,503,000	206,346,000	212,586,000	212,392,000	210,587,000	207,760,000	214,838,000	256,742,000
total liabilities and equity																														482,573,000	494,164,000	470,685,000	439,035,000	463,298,000	473,035,000	455,453,000	304,576,000	301,823,000	328,215,000	330,962,000	284,007,000	267,284,000	290,674,000	307,318,000	301,001,000	306,451,000	335,068,000	329,714,000	280,821,000	273,018,000	354,112,000	329,069,000	316,147,000	331,510,000	375,281,000	352,882,000	308,863,000	303,831,000	404,034,000
members' interest subject to mandatory redemption and undistributed earnings																															48,844,000	47,837,000	43,923,000		46,329,000
contracts receivable, including retainage																																			149,052,000	137,913,000	91,089,000	84,132,000	105,415,000	106,595,000	94,758,000	82,112,000	99,666,000	100,563,000	94,608,000	78,896,000	105,302,000	104,609,000	78,345,000	77,245,000	90,663,000	87,693,000	64,391,000	70,815,000	120,478,000	88,788,000	72,893,000	74,875,000	92,909,000	77,635,000	64,898,000	70,301,000	75,824,000	72,753,000	72,954,000	80,283,000	66,387,000	74,802,000	70,141,000	60,582,000	67,241,000	63,617,000	53,137,000	54,394,000	52,498,000
member’s interest subject to mandatory redemption and undistributed earnings																																				46,346,000			46,466,000	49,260,000	46,211,000		21,778,000	20,825,000	22,200,000	22,879,000	22,837,000	24,299,000	24,169,000	23,989,000
current obligation for noncontrolling owners’ interest in subsidiaries and joint ventures																																																	196,000	196,000	524,000	517,000	3,346,000	2,887,000
accumulated other comprehensive income																																														-101,000	-73,000	58,000	27,000	117,000	-191,000	-201,000	417,000	696,000	946,000	498,000	538,000	496,000	140,000	3,000	-103,000	-137,000	324,000	-404,000
short-term investments																																																			21,016,000	21,000,000	21,562,000	49,211,000	53,454,000	49,676,000	43,582,000	44,855,000	49,824,000	60,503,000	65,752,000	35,752,000	68,932,000	60,204,000	48,634,000	39,319,000	41,231,000	25,487,000	19,724,000	24,379,000	17,383,000			54,000	32,630,000	29,706,000	27,822,000	26,169,000
long-term deferred tax, asset																																																						2,973,000
obligations for noncontrolling owners’ interests in subsidiaries and joint ventures																																																			17,759,000	15,158,000	17,160,000	14,721,000
long-term deferred tax asset																																																			14,198,000	14,197,000	4,355,000
current obligation for noncontrolling owners’ interests in subsidiaries and joint ventures																																																							23,323,000	21,800,000
obligation for noncontrolling owners’ interests in subsidiaries and joint ventures																																																							18,686,000	18,369,000	24,346,000
deposits and other current assets																																																									3,876,000	2,132,000	1,536,000	2,005,000	2,363,000	2,472,000	5,060,000	5,672,000	5,875,000	5,510,000	1,257,000	1,602,000	2,996,000	2,704,000	1,278,000	1,392,000	1,738,000
obligations for noncontrolling owners' interests in subsidiaries and joint ventures																																																										16,848,000
income tax receivable																																																											1,366,000	1,131,000	2,866,000
liability for put exercised by noncontrolling owner																																																											8,205,000
obligation for noncontrolling owners' interests in subsidiaries and joint ventures																																																											21,943,000
commitments and contingencies:
noncontrolling owners' interests in subsidiaries and joint ventures																																																												28,903,000	27,528,000	28,724,000
other accrued expenses																																																													8,867,000	7,326,000	5,626,000	11,343,000	10,161,000	11,135,000	9,492,000	9,431,000	7,342,000	7,741,000	9,924,000	7,720,000	8,413,000	8,250,000	7,272,000	4,016,000	4,516,000	5,502,000	6,761,000	5,122,000	3,567,000	4,265,000	4,092,000	4,183,000	3,790,000	2,291,000	3,993,000	2,042,000	2,794,000	3,322,000
1,000,000 shares, none issued
19,000,000 shares, 16,468,369 and 16,081,878 shares issued																																																														164,000
current maturities of long-term obligations																																																															73,000	73,000	73,000		73,000	73,000	73,000																		150,000	339,000	521,000	708,000
accrued payroll and related burden																																																															8,284,000
non-controlling owners' interests in subsidiaries and joint ventures																																																															24,506,000	24,006,000
additional paid-in capital																																																															199,025,000	198,335,000	198,064,000		150,902,000	150,662,000	150,373,000		148,700,000	148,231,000	147,983,000		115,821,000	115,662,000	115,116,000		111,361,000	110,990,000	110,536,000	83,779,000	83,642,000	82,181,000	81,201,000	80,688,000	67,423,000	66,971,000	66,881,000	66,400,000
costs and estimated earnings in excess of billings on uncompleted ontracts																																																																	5,654,000
equity in construction joint ventures																																																																	2,671,000	2,341,000
non-controlling owners' interest in subsidiaries																																																																	23,084,000
non-controlling owners' interests in subsidiaries																																																																		23,887,000
19,000,000 shares, 16,081,878 and 13,184,638 shares issued and outstanding																																																																		160,000
put liability related to and noncontrolling owner's interest in subsidiary																																																																			7,568,000	6,781,000	6,244,000
retained earnings including accumulated other comprehensive loss of 67 in 2009																																																																					14,260,000
billings in excess of cost and estimated earnings on uncompleted contracts																																																																						23,127,000				25,349,000				21,536,000			13,985,000	13,635,000	12,017,000
minority interest in rhb																																																																						6,300,000			6,580,000	6,362,000
long-term liabilities: - sum																																																																						72,900,000			71,395,000	75,016,000
prepaid federal income tax																																																																							1,075,000
current maturities of long term obligations																																																																							74,000	73,000	90,000		123,000	123,000	123,000	123,000	123,000	123,000	123,000	123,000	123,000	153,000	156,000	149,000
minority interest in subsidiary																																																																							7,557,000	7,063,000
costs and estimated earnings in excess of billings on uncompletedcontracts																																																																								5,904,000
accumulated deficit																																																																								-1,047,000	-6,187,000	-9,304,000	-13,996,000	-17,440,000	-21,237,000	-23,748,000	-24,126,000	-27,736,000	-31,099,000	-34,292,000	-39,385,000	-42,164,000	-44,565,000	-45,392,000				-49,675,000
note receivable, current																																																																										205,000				300,000
other																																																																										1,574,000	1,968,000	1,952,000	2,208,000	973,000	1,326,000	1,412,000	1,045,000	1,056,000	847,000	650,000	1,453,000	1,554,000	1,159,000	2,004,000	1,289,000	1,436,000
note receivable, long term																																																																														325,000
current maturities of long term debt																																																																										98,000
note receivable, long-term																																																																											31,000	116,000	201,000
long-term obligations:
long-term obligations: - sum																																																																											33,541,000	27,212,000	22,243,000	32,247,000	30,014,000	24,716,000	16,747,000	14,570,000	23,416,000	21,778,000	15,536,000	22,012,000	34,745,000	25,713,000	24,557,000	19,958,000
common stock, 0.01 par value...																																																																											110,000	110,000
preferred stock, 0.01 par value...
contracts receivable																																																																												50,816,000	50,317,000	42,805,000	53,198,000	44,397,000	38,675,000	34,912,000	40,762,000	38,184,000	31,002,000	26,250,000	33,435,000	25,301,000	26,559,000	26,504,000
10,937,268 and 10,875,438 shares issued																																																																													109,000
accounts receivable, other																																																																														276,000
assets of discontinued operations held for sale																																																																															8,158,000	9,366,000	11,699,000	8,969,000	8,823,000
short-term debt, related parties																																																																																		8,449,000	2,112,000	2,112,000	2,139,000	3,593,000			1,810,000
liabilities of discontinued operations held for sale																																																																															7,162,000	8,451,000	10,966,000	8,385,000	8,582,000
short-term investments, available for sale																																																																															22,585,000	20,538,000
other long-term obligations																																																																															689,000	716,000	747,000	782,000	809,000	911,000	947,000	928,000	964,000	1,001,000	1,017,000
long-term debt, related parties																																																																																			6,865,000	7,393,000	7,921,000	7,755,000	7,219,000	7,059,000	6,908,000	6,758,000
deferred compensation expense																																																																																		-957,000	-1,136,000	-55,000	-108,000	-161,000	-507,000	-124,000	-131,000	-139,000
prepaid taxes																																																																																			80,000	80,000
trade accounts receivable, less allowance of 1,058 and 1,015, respectively																																																																																				3,072,000
billings in excess of cost and estimated earnings																																																																																				11,187,000	7,088,000	4,477,000				9,742,000
short-term debt																																																																																				4,790,000	4,333,000	3,625,000				2,660,000
trade accounts receivable, less allowance of 1,045 and 1,015, respectively																																																																																					4,145,000
trade accounts receivable, less allowance of 1,015 and 1,013, respectively																																																																																						2,361,000
put liability																																																																																								5,578,000	5,578,000	5,578,000
minority interest																																																																																								5,882,000	5,440,000	5,273,000
trade accounts receivable, less allowance of 971 and 1,013 respectively																																																																																							2,680,000
property and equipment, at cost																																																																																							33,616,000	32,496,000	31,773,000	31,991,000
less accumulated depreciation																																																																																							-12,285,000	-11,270,000	-10,114,000	-9,611,000
accrued interest																																																																																							5,000	659,000	644,000	530,000
short term debt
current maturities of long-term debt, related parties																																																																																							1,520,000
current maturities of obligations related to the put																																																																																							953,000
long-term obligations related to the put																																																																																							10,760,000
deficit																																																																																							-47,068,000	-47,784,000	-49,407,000
trade accounts receivable, less allowance of 1,043 and 1,013 respectively																																																																																								2,741,000
current maturities of long-term obligations, related party																																																																																								1,310,000
trade accounts receivable, less allowance of 1,023 and 1,013 respectively																																																																																									4,095,000
goodwill,																																																																																									7,809,000
trade accounts receivable, less allowance of 1,013 and 841, respectively																																																																																										1,919,000
short term debt, related parties																																																																																										2,310,000
other long term obligations																																																																																										1,054,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-09-30	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	2015-09-30	2015-06-30	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	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	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	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-06-30	2004-03-31

cash flows from operating activities:
net income	103,765,000	96,329,000	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	4,314,000	8,826,000								1,365,000	-995,000	-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	5,780,000	4,071,000	7,666,000	195,000	12,509,000	5,941,000	6,292,000	1,482,000	13,373,000	4,721,000	5,850,000	2,280,000	1,064,000	8,828,000	9,770,000	5,866,000	3,832,000	5,977,000	5,140,000	3,117,000	4,692,000	3,444,000	3,797,000	2,511,000	3,153,000	6,556,000	3,193,000						1,891,000	268,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	23,034,000	19,913,000	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	3,854,000	4,753,000	4,317,000	4,070,000	3,951,000	3,953,000	3,982,000	4,162,000	4,050,000	4,089,000	4,116,000	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	4,370,000	5,243,000	4,854,000	4,530,000		4,339,000	4,225,000	4,211,000	3,954,000	3,713,000	4,131,000	3,972,000	3,413,000	3,349,000	3,365,000	3,603,000	3,413,000	3,203,000	3,267,000	3,285,000	2,780,000	2,103,000	2,210,000	2,451,000	1,437,000	3,643,000	1,804,000	1,238,000	1,294,000	1,277,000	1,255,000	1,071,000	2,362,000	1,181,000
amortization of debt issuance costs and non-cash interest	169,000	161,000	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	-739,000	-1,160,000	-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			-38,000	-358,000	-112,000	19,000			-274,000	-206,000	-240,000	-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	6,999,000	5,933,000
equity in earnings from unconsolidated subsidiary	-1,668,000	-5,405,000	-3,785,000	-1,892,000
deferred taxes	1,909,000	3,842,000	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	7,497,000	5,963,000	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	24,602,000	-41,950,000	-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	165,568,000	83,626,000	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	29,960,000	5,385,000			8,789,000	8,975,000	25,895,000	840,000	5,477,000	7,116,000	-681,000	-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	19,743,000	-18,085,000	21,753,000	1,378,000		-1,931,000	1,122,000	5,446,000	9,642,000	13,688,000	9,041,000	14,702,000	4,833,000	9,446,000				-678,000	18,951,000	656,000										4,089,000	7,090,000	4,707,000	315,000	-834,000
cash flows from investing activities:
acquisitions, net of cash acquired		-446,296,000	0	-37,860,000	-6,396,000	-3,811,000	0	-1,016,000					-14,971,000	0
capital expenditures	-19,629,000	-19,661,000	-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	0	-3,814,000		-4,270,000	-3,366,000	-1,897,000	-1,115,000	-2,435,000			-2,036,000	-2,782,000	-3,252,000	-2,818,000	-1,000,000	-3,819,000	-2,106,000	-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	-9,541,000	-9,962,000	-11,946,000	-5,910,000		-4,421,000	-6,738,000	-8,433,000	-5,611,000	-4,193,000	-1,958,000	-1,647,000	-885,000	-479,000				-5,916,000	-6,589,000	-4,467,000										-5,416,000	-3,000,000	-1,038,000	-1,255,000	-531,000
free cash flows	145,939,000	63,965,000	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	14,917,000	-23,056,000		29,073,000	10,403,000	-25,190,000	28,845,000	2,950,000			6,753,000	6,193,000	22,643,000	-1,978,000	4,477,000	3,297,000	-2,787,000	-4,104,000	4,500,000	-13,378,000	-679,000	-14,465,000	-13,291,000	10,464,000	-18,489,000	-15,146,000	10,202,000	-28,047,000	9,807,000	-4,532,000		-6,352,000	-5,616,000	-2,987,000	4,031,000	9,495,000	7,083,000	13,055,000	3,948,000	8,967,000				-6,594,000	12,362,000	-3,811,000										-1,327,000	4,090,000	3,669,000	-940,000	-1,365,000
proceeds from sale of property and equipment	1,945,000	1,369,000	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	2,554,000	3,923,000	1,319,000	588,000	527,000	793,000	679,000	715,000	2,684,000	2,581,000	414,000	2,864,000									549,000	5,068,000				366,000	382,000	182,000			434,000	31,000	41,000	44,000	225,000	125,000	127,000	500,000	483,000	188,000	695,000	43,000	149,000	716,000		561,000	193,000			96,000	164,000	53,000	92,000	91,000
net cash from investing activities	-17,684,000	-464,588,000	-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	1,439,000	1,627,000	-57,726,000	-1,237,000	-1,509,000	-1,989,000	-2,573,000	-2,103,000	1,684,000	-3,233,000	-4,642,000	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	-28,115,000	-8,067,000	-14,292,000	-1,058,000		3,349,000	-765,000	-38,403,000	27,113,000	-11,914,000	-13,632,000	-10,423,000	-59,379,000	-15,854,000	-8,131,000	3,115,000		-22,799,000	-6,106,000	-4,225,000										-5,320,000	-2,836,000	-3,431,000	-1,163,000	-440,000
cash flows from financing activities:
repayments of debt	-3,793,000	-3,792,000	-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	-12,275,000	-4,700,000	0	-43,846,000	-20,000,000	-20,454,000
withholding taxes paid on net share settlement of equity awards	-10,679,000	-3,524,000	-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
net cash from financing activities	-26,747,000	-12,016,000	-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	-13,987,000	-529,000	89,911,000	-1,339,000	-7,516,000	-6,600,000	4,394,000	11,756,000	-14,223,000	-6,731,000	2,463,000	-4,407,000				11,620,000				-12,301,000	10,480,000	8,074,000	-4,959,000	-81,000		4,965,000	-2,460,000	-4,114,000	-390,000	-25,521,000	-5,453,000	-11,818,000	46,713,000	-9,924,000	461,000	-5,765,000																	1,755,000	1,378,000
net change in cash, cash equivalents, and restricted cash	121,137,000	-392,978,000	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	390,721,000	0	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	511,858,000	-392,978,000	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	511,858,000	-392,978,000	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	17,412,000	6,483,000	22,911,000	37,147,000	-236,000	386,000	27,716,000	14,919,000	-7,062,000	-2,848,000	-2,860,000	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	2,108,000	-18,078,000	2,502,000	16,610,000		6,383,000	-2,103,000	12,370,000	36,365,000	-23,747,000	-10,044,000	46,867,000	-7,833,000	-16,332,000	20,859,000	57,712,000	-6,789,000	-23,103,000	12,995,000	72,202,000	65,755,000	-702,000	443,000	15,153,000	9,470,000	15,945,000	35,419,000	2,129,000	13,687,000	5,446,000	1,005,000
non-cash items:
accrued capital expenditures	3,551,000	2,365,000
debt issuance costs		0																															-13,760,000	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	789,000	-33,000	-113,000	-6,000	-112,000	0	0	-46,000	1,073,000	-2,000,000	1,133,000	-575,000	-298,000	-109,000	-90,000	-248,000	-147,000	84,000	-15,000	5,000	-73,000			18,000
share consideration for acquisitions
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	-951,000			-1,000	0	-196,000	-994,000	-321,000	0			-3,596,000	-1,704,000				-1,367,000	-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	1,144,000	373,000	376,000	315,000	227,000	268,000	265,000	55,000	274,000	84,000	182,000	-330,000	-116,000	414,000	120,000		168,000	62,000	2,000	4,000	8,000	7,000	25,000		13,000	13,000	13,000		25,000	15,000	82,000		11,000			73,000	278,000	169,000
cash paid during the period for income taxes																																					67,000				0	5,000	105,000	437,000	-27,000	27,000			0	1,000	148,000	21,000	85,000	150,000	755,000	2,000,000		362,000	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
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
loss on debt extinguishment																-2,428,000				337,000													0	0
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	309,000	557,000	1,337,000	640,000	599,000	406,000	405,000	400,000	285,000	830,000	331,000	158,000	257,000	209,000	149,000	234,000	189,000	259,000	202,000	278,000	265,000	165,000	159,000	105,000		124,000	133,000	125,000		176,000	155,000	142,000		145,000	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
change in interest rate swap																				-22,000
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	0	42,785,000	0	0	0	4,426,000	0	0	0	22,843,000	0	0	0	1,872,000	0	0	0	3,142,000	0	0	0	16,371,000		0	0	49,441,000	0	0	0	54,406,000	0	0	0	55,305,000	0	0	0	80,649,000	0	0	0	28,466,000	0	22,267,000	22,267,000	0	-69,000	0	3,518,000
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
loss on disposal of property and equipment																																	-33,000							175,000																		-72,000	-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																									440,000	1,529,000	-185,000	-2,951,000		2,169,000	397,000	1,268,000	1,846,000	1,069,000	662,000	283,000	-563,000	734,000	2,153,000	2,158,000	2,666,000	3,777,000	1,312,000	1,183,000	1,954,000	1,568,000	1,783,000	1,295,000	1,229,000	3,218,000	1,541,000	-289,000	1,162,000	1,240,000	418,000	-3,456,000	983,000
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	-1,115,000	-2,435,000	-4,045,000	-1,825,000	-2,036,000	-2,782,000	-3,252,000	-2,818,000	-1,000,000	-3,819,000	-2,106,000	-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	-9,541,000	-9,962,000	-11,946,000	-5,910,000		-4,421,000	-6,738,000	-8,433,000	-5,611,000	-4,193,000	-1,958,000	-1,647,000	-885,000	-479,000	-2,315,000	-1,598,000	-2,924,000	-5,916,000	-6,589,000	-4,467,000	-3,286,000	-6,399,000	-9,583,000	-7,051,000	-2,349,000	-13,619,000	-7,860,000	-1,444,000	-1,532,000	-5,416,000	-3,000,000	-1,038,000	-1,255,000	-531,000
repayments on long-term debt																												-5,610,000
net cash provided by:
operating activities
investing activities
financing activities
total increase in cash and cash equivalents
net income attributable to sterling common stockholders																														8,917,000	8,174,000	2,489,000	3,080,000	7,132,000									-2,542,000	-16,992,000			1,201,000	205,000					2,926,000	992,000	3,285,000	-7,500,000	11,371,000	3,461,000	4,211,000	44,000	9,372,000	3,496,000	4,667,000	1,552,000	761,000	8,093,000	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	15,121,000	-4,881,000	-33,206,000	-6,957,000	21,283,000	1,180,000	-11,837,000	-12,646,000	17,554,000	897,000	-5,955,000	-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	6,272,000	-2,796,000	-3,169,000	-1,770,000	-716,000	3,402,000	-7,203,000	-1,283,000	-3,618,000	2,216,000	324,000	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	-2,528,000	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	-2,311,000	-1,606,000	427,000	-760,000	2,339,000	-2,104,000	951,000	4,614,000	-1,841,000	-252,000	-1,139,000	-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	5,111,000	-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	-3,108,000	3,765,000	8,571,000	4,351,000	-9,764,000	-2,992,000	16,465,000	4,429,000	-543,000	-16,258,000	4,298,000	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	-994,000	-13,548,000	13,957,000	-1,444,000	2,204,000	4,982,000	17,831,000	8,527,000	-2,493,000	-2,088,000	778,000	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	2,141,000	11,257,000	-9,175,000	3,207,000	-6,118,000	785,000	1,754,000	4,123,000	-7,377,000	4,401,000	-2,281,000	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			17,412,000	6,483,000	22,911,000	-5,638,000	-236,000	386,000	27,716,000	10,493,000	-7,062,000	-2,848,000			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		6,383,000	-2,103,000	-37,071,000	36,365,000	-23,747,000	-10,044,000	-7,539,000	-7,833,000	-16,332,000	20,859,000	2,407,000		-23,103,000												5,446,000	-2,513,000	166,000	907,000
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	174,000	399,000	588,000
plus: noncontrolling owners’ interests in earnings of subsidiaries and joint ventures																																	1,234,000	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	2,854,000	3,079,000	4,381,000	7,695,000		2,480,000	2,081,000	1,438,000
revaluation of noncontrolling interest due to a new agreement
income tax receivable																																									60,000	-56,000	-38,000	1,453,000	4,134,000	710,000	27,000	-87,000	-3,297,000	669,000
member’s interest subject to mandatory redemption and undistributed earnings																																						-2,794,000	3,049,000	-4,227,000		-953,000	2,733,000	-679,000	42,000
tealstsone acquisition, net of cash acquired																																	0	139,000
restricted cash																																									0
cash received from oaktree facility
cumulative daily drawdowns – prior credit facility
cumulative daily repayments – prior credit facility
cumulative drawdowns – equipment-based revolver																																					-34,871,000	0	5,000,000	14,000,000	1,450,000	-1,450,000
cumulative repayments – equipment-based revolver																																						0	-18,100,000	-900,000
cash received from (used to pay) equipment-based term loan
repayments under long-term obligations – other
net proceeds from stock issued																																					0	-2,000							-32,000	28,000
share consideration given for tealstone acquisition
revaluation of noncontrolling interests
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 repayments – term loan and other
net loss attributable to sterling common stockholders																																				-2,257,000	-6,348,000	2,415,000	2,023,000	-7,328,000	-1,124,000				-7,252,000				-52,137,000	-190,000	-17,022,000	-4,580,000
net loss																																				-1,886,000	-5,774,000	3,155,000	2,543,000	-7,336,000
adjustments to reconcile net loss to net cash from operating activities:
members’ interest subject to mandatory redemption and undistributed earnings																																				-1,047,000
net cash (used in) provided operating activities																																				-3,062,000
loss on extinguishment of debt																																									0	0
cumulative daily drawdowns – credit facility																																									14,122,000	2,470,000	44,538,000	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	55,012,000	17,000,000	2,000,000	1,000,000		14,000,000	1,000,000	1,000,000	2,700,000	0	25,000,000	30,000,000	48,000,000	40,000,000	50,000,000	50,000,000	55,000,000	60,000,000	60,000,000	60,000,000
cumulative daily repayments – credit facility																																									-14,121,000	-2,471,000	-75,307,000	-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	-41,000,000	-7,000,000	-2,000,000	-1,000,000		-6,000,000	-1,000,000	-1,000,000	-2,700,000
cash received from equipment-based term loan																																									1,020,000	-1,020,000
repayments under long-term obligations – equipment-based term loan and other
deferred loan costs																																									0
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	1,109,000	1,547,000	292,000
gain on sale of securities																																																														-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																																																					0	21,000
tax impact from exercise of stock options																																																	-32,000	0	2,000	15,000		14,000
other current assets																																											-2,853,000	2,502,000				727,000
interest expense accreted on noncontrolling interests																																																					248,000	248,000				212,000
acquisition of noncontrolling interests
issuance of noncontrolling interest in rhb in exchange for net assets of acquired companies																																																					-5,429,000	0
goodwill adjustments
deferred tax benefit																																																		-894,000	-9,141,000	-139,000																																		189,000
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		-14,557,000	-25,646,000	-57,516,000									-6,996,000				-30,965,000	-43,320,000	-26,241,000	-23,271,000	-37,397,000	-62,057,000
sales of short-term securities, available for sale																																																				28,151,000			3,417,000	11,325,000		25,872,000	31,237,000	27,364,000											0	54,000	63,541,000	40,396,000	24,357,000	21,618,000	33,813,000	41,519,000
goodwill impairment
gain on sale of securities and other																																																	381,000	5,000	0	-471,000
accounts payables
net assets of acquired companies, net of cash acquired
purchases of treasury stock																																																										-1,751,000	-1,645,000	-196,000
reclassification of amounts payable to noncontrolling interest owner																																																										0	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	49,663,000			1,982,000		-8,767,000			5,523,000	-3,071,000	201,000	7,329,000																					1,203,000
increase in costs and estimated earnings in excess of billings on uncompleted contracts																																																				-13,739,000				-1,312,000																		-686,000
decrease in receivables from and equity in construction joint ventures																																																				1,555,000	-238,000	-3,878,000				-2,225,000
increase in income tax receivable																																																				-2,672,000				-1,079,000
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						-251,000															2,071,000	3,225,000
increase in billings in excess of costs and estimated earnings on uncompleted contracts																																																				-6,048,000	-8,113,000	2,594,000	3,423,000	2,431,000		-4,372,000	1,177,000	40,000			-2,234,000	2,248,000													1,124,000	-1,682,000	350,000	1,618,000				-272,000	-5,088,000	-2,229,000
increase in accrued compensation and other liabilities																																																				81,000	-7,200,000	3,080,000	4,146,000	-2,303,000		-2,237,000																			-1,175,000	956,000	-650,000	34,000	75,000	392,000	1,500,000	-1,524,000	-870,000	-264,000
loss on sale of securities and other																																																					-106,000	-116,000	-47,000	-649,000		-212,000
tax expense (benefits) from exercise of stock options and restricted stock
other changes in operating assets and liabilities:
decrease in costs and estimated earnings in excess of billings on uncompleted contracts																																																					-2,716,000	-1,745,000				-5,690,000																			142,000	-866,000	-147,000	1,097,000	1,054,000	1,406,000	128,000	-723,000
decrease in other current assets																																																														616,000	327,000	-809,000
increase in accounts payables
tax benefits from exercise of stock options
revaluation of noncontrolling interest – rlw and rhb’s put/call liability
decrease in income tax receivable
decrease in prepaid expenses and other assets																																																						519,000																																147,000
repayments under long-term obligations																																																						0					-19,000	-18,000	-19,000	-18,000	-18,000	-18,000	-18,000	-19,000	-19,000	-18,000				-31,000	-36,000			-31,000	8,420,000	-8,515,000	-8,484,000	-556,000	-288,000	-589,000	-1,329,000
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 contracts receivable																																																																										-1,682,000	-499,000	-7,512,000		-9,485,000					-4,752,000
increase in trade payables																																																										8,992,000	2,091,000	-2,074,000																	-2,105,000	-2,065,000	-696,000	-8,829,000	8,585,000	-2,545,000	8,823,000
increase in receivables from and equity in construction joint ventures																																																								-1,489,000
revenues
gross profit
general and administrative expenses
unusual items
other income
operating income
gains on the sale of short-term investments
interest income
interest expense
income before taxes
income taxes
net income attributable to noncontrolling interest in earnings of subsidiaries
gross margin
operating margin
contract backlog, end of year
cash and cash equivalents
net cash from:
supplementary information:
working capital
utilization of tax benefits from exercise of stock options
interest expense accreted on noncontrolling interest																																																												212,000						52,000	52,000	51,000
loss on sale of securities																																																												204,000
increase in accrued compensation and other accrued expenses																																																												1,894,000
stock based compensation expense																																																																														492,000
excess tax benefits from exercise of stock options																																																																					-696,000	-289,000	-117,000	-116,000
cash paid for business combinations, net of cash acquired
(issuance) payments on note receivables
increase in deferred loan costs
utilization of excess tax benefits from exercise of stock options
net proceeds from sale of common stock																																																																													0	27,039,000	27,059,000
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
decrease in costs and estimated earnings
in excess of billings on uncompleted contracts																																																																319,000			69,000	-1,620,000		-2,087,000
decrease in receivables from and equity in unconsolidated joint ventures
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
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																																																																		4,500,000				1,500,000			770,000	440,000			282,000	13,000	7,000
loss on sale of property and equipment																																																																		73,000																-77,000	-131,000	22,000	5,000	5,000
interest expense accreted on non-controlling interest																																																															292,000	292,000
decrease in equity investment in unconsolidated joint ventures
(issuance) of note receivable
cumulative daily reductions – credit facility																																																															-30,000,000	-40,000,000	-48,000,000	-50,000,000	-50,000,000	-55,000,000	-59,920,000	-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		95,000	130,000	11,000
gain on sale of property and equipment																																																																-31,000									-111,000	-13,000	-106,000	-271,000		-158,000	-118,000
plus: non-controlling interests in earnings of subsidiaries
(gain) loss on sale of property and equipment
(increase) decrease in contracts receivable																																																																	20,943,000			-9,559,000				1,258,000
(increase) decrease in costs and estimated earnings in excess of billings on uncompleted contracts																																																																	2,466,000
(increase) decrease in prepaid expenses and other assets
increase (decrease) in trade payables
increase (decrease) in billings in excess of costs and estimated earnings on uncompleted contracts																																																																	-6,137,000							-1,434,000
increase (decrease) in accrued compensation and other liabilities
distributions to non-controlling interest owners
cash paid during the period for interest, net of 13, 107 and 53 of capitalized interest expense in 2009, 2008 and 2007, respectively
cash flows provided by operating activities:
plus: net income attributable to noncontrolling interest																																																																		735,000	485,000	301,000
(increase) decrease in other current assets																																																																				-125,000		-976,000
increase (decrease) in accounts payable																																																																				-64,000				-5,280,000		-1,816,000	896,000	5,804,000
increase (decrease) in other accrued expenses																																																																				-350,000			669,000	280,000
(issuance) payment on note receivable																																																																		0
distribution of earnings to noncontrolling interest																																																																		0	0	-408,000
expenditures related to 2007 equity offering																																																																						0	0	-143,000
adjustments to reconcile net income to net cash provided by operating activities:
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
loss (gain) on sale of property and equipment																																																																				-89,000		-61,000	91,000	11,000
(increase) decrease in costs and estimated earnings
increase (decrease) in billings in excess of costs and
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
net income from discontinued operations																																																																									0	0	0	-25,000	238,000	379,000	171,000
net income from continuing operations																																																																									4,692,000	3,444,000	3,797,000	2,536,000	2,915,000	6,177,000	3,022,000
adjustments to reconcile income from continuing operations to net cash from continuing operating activities:
minority interest in net earnings of subsidiary																																																																					89,000	370,000	357,000	92,000												100,000	609,000	167,000
interest expense accreted on minority interest																																																																					-179,000	126,000	126,000	126,000
(increase) in contracts receivable																																																																					6,658,000										-3,763,000							-55,000
(decrease) increase in trade payables
(decrease) increase in billings in excess of costs and estimated earnings on uncompleted contracts
(decrease) increase in accrued compensation and other liabilities
net cash from continuing operations operating activities
cash flows from continuing operations investing activities:
net cash from continuing operations investing activities																																																																									-19,349,000	-9,280,000	-11,318,000	-7,988,000	-5,791,000	-35,802,000	-9,873,000
cash flows from continuing operations financing activities:
repayments under related party long term debt
distributions to rhb minority interest owner
payments on note receivable
net cash from continuing operations financing activities																																																																													2,018,000	29,399,000
net increase in cash and cash equivalents from continuing operations																																																																																2,129,000
cash provided by discontinued operations
cash used in discontinued investing activities
cash used in discontinued operations financing activities
net cash from discontinued operations																																																																													-124,000	-77,000	-53,000	-77,000
cash paid during the period for interest, net of 107, 53 and 14 of capitalized interest expense in 2008, 2007 and 2006, respectively
adjustments to reconcile income from operations to
net cash from operating activities:
(increase) in costs and estimated earnings
issuance of common stock pursuant to the exercise ofoptions and warrants
net cash provided (used) by financing activities
increase in costs and estimated earnings
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													-1,726,000	-960,000
(increase) in other current assets																																																																								-53,000
(increase) in inventories																																																																																						-547,000
net cash from continuing operating activities																																																																									14,919,000	3,479,000	6,609,000	4,560,000	13,243,000	81,000	1,743,000	5,898,000
cumulative daily drawdowns – revolver
cumulative daily reductions – revolver
cash from discontinued operating activities																																																																													-287,000	-594,000	-347,000	-26,000
cash used in discontinued operations investing activities
cash from discontinued operations financing activities																																																																													-4,614,000	555,000	328,000
cash paid during the period for interest, net of 53 and 14 of capitalized interest expense in 2007 and 2006
supplemental disclosure of non-cash financing activities:
capital lease obligations for new equipment
increase in inventories																																																																										-10,000	-13,000	-59,000							-2,047,000
decrease in other assets
increase in bilings in excess of costs and estimated earnings on uncompleted contracts
purchase of certain assets of rdi																																																																													0	-2,206,000	-2,206,000
cumulative daily drawdowns – revolvers																																																																										50,000,000				24,000,000	16,000,000
cumulative daily reductions – revolvers																																																																										-44,938,000				-13,788,000	-13,788,000
net proceeds from the sale of common stock
net cash provided by continuing operations financing activities
net decrease in cash and cash equivalents of continuing operations																																																																										-702,000	443,000	-13,313,000
cash provided by discontinued operating activities
cash used for discontinued operations investing activities
cash provided by discontinued operations financing activities
supplemental disclosure of non-cash activity:
change in accrual of discontinued operations																																																																										0
increase in other assets
(decrease) increase in other accrued expenses
cash used in discontinued operating activities
increase in costs and estimated earnings in
excess of billings on uncompleted contracts																																																																												-1,284,000
(increase) decrease in other assets																																																																												-609,000
decrease in other accrued expenses																																																																												-986,000
cumulative daily drawdowns - revolvers																																																																												20,000,000							32,523,000
cumulative daily reductions - revolvers																																																																												-30,000,000							-38,477,000
net cash from continuing operations financing activities:																																																																												-9,885,000			21,282,000
net cash (used in) discontinued operations
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
issuance of common stock pursuant to warrants and options																																																																													171,000	663,000	495,000
cash from discontinued operations investing activities																																																																													4,777,000	-38,000	-34,000
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																																																																														-149,000	217,000	70,000	-248,000	719,000	189,000
proceeds from sale of equipment
cumulative daily drawdowns — revolver
net increase in cash and cash equivalents of continuing operations																																																																														-6,322,000	13,152,000
deferred compensation expense																																																																															183,000	107,000	110,000	193,000	53,000	67,000	258,000	215,000
increase in put liability
accretion of zero coupon notes
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
continuing operations
income from continuing operations
gain on sale of surplus equipment
proceeds from sale of surplus equipment
net cash from continuing investing activities
discontinued operations
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																																																																																		2,401,000	827,000
provision for doubtful accounts
increase in accounts receivable																																																																																		1,061,000	-1,813,000
decrease in inventories																																																																																				264,000	7,000
increasein billings in excess of costs and estimated earnings on uncompleted contracts																																																																																		4,099,000	2,611,000
privitization of scpi
net cash from financing activities:																																																																																		6,677,000	-6,767,000
bad debt expense																																																																																			29,000
effect of scpi reverse stock split
issuance of common stock, pursuant to options																																																																																			516,000
other changes in operating assets and liabilities, net of effect from acquisitions:
decrease in accounts receivable
net cash paid upon acquisition of kinsel business
net cash paid upon acquisition of shh minority interest
cumulative daily drawdowns-revolvers
additions to long-term obligations
proceeds from issuance of short-term debt
cash paid during period for:
interest
decrease in trade accounts receivable																																																																																					-822,000
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																																																																																					379,000
purchase of minority interest in subsidiary																																																																																					-49,000	-49,000
cash and cash equivalents, beginning of period																																																																																					2,765,000
cash and cash equivalents, end of period																																																																																					3,672,000
(increase) in prepaid expenses and other assets																																																																																					-568,000
net borrowings (payments) on long-term obligations																																																																																					1,425,000	1,102,000
(increase) in trade accounts receivable																																																																																						-2,176,000
cash paid for option exercises																																																																																						325,000
net increase in cash																																																																																						104,000
cash at beginning of period																																																																																						2,765,000
cash at end of period																																																																																						2,869,000
loss from equity investments
net cash paid upon acquisition of kinsel heavy highway construction business
net cash paid upon acquisition of sterling houston holdings
(repayments) borrowings under long term obligations
proceeds from issuance of long term debt
issuance of common stock, net of expenses
principal payments on long-term obligations
sale of treasury stock
cash paid during the period for operating activities from continuing operations:
income taxes, net of refunds received

Sterling Construction Company, Inc(NASDAQ:STRL)

Sterling Construction Company, Inc
(NASDAQ:STRL)