STERLING INFRASTRUCTURE, INC. (STRL)

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STERLING INFRASTRUCTURE, INC.

STRL • CIK 0000874238

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Revenue from Contract with Customer, Excluding Assessed Tax	$1,972,229	$2,115,756	$2,490,049	$3,438,486
Cost of Goods and Services Sold	$1,634,591	$1,689,633	$1,917,735	$2,619,899
Gross Profit	$337,638	$426,123	$572,314	$818,587
General and Administrative Expense	$98,703	$118,424	$154,814	$187,176
Amortization of Intangible Assets	$15,226	$17,037	$22,188	$27,734
Business Combination, Acquisition Related Costs	$873	$421	$8,327	$19,588
Other Operating Income (Expense), Net	$-17,041	$-25,619	$18,200	$19,821
Operating Income (Loss)	$205,795	$264,622	$405,916	$602,351
Interest Income, Other	$14,140	$27,622	$22,347	$16,060
Deconsolidation, Gain (Loss), Amount	—	$91,289	$0	$896
Income Tax Expense (Benefit)	$47,770	$87,360	$98,752	$141,307
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$142,845	$270,918	$309,725	$460,437
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	$4,190	$13,457	$19,572	$28,957
Net Income (Loss) Attributable to Parent	$138,655	$257,461	$290,153	$431,480
Weighted Average Number of Shares Outstanding, Basic	30,755,000	30,830,000	30,542,000	30,735,000
Weighted Average Number of Shares Outstanding, Diluted	31,208,000	31,146,000	30,947,000	31,253,000
Depreciation	$42,177	$51,373	$54,926	$62,778
Weighted Average Number Diluted Shares Outstanding Adjustment	453,000	316,000	405,000	518,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	—	42,000	6,000	-3,000

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash and Cash Equivalents, at Carrying Value	$471,563	$664,195	$390,721	$464,451
Receivables, Long-term Contracts or Programs	$252,435	$247,050	$501,163	$770,671
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	$243,648	$236,795	$278,269	$322,888
Capitalized Contract Cost, Gross	$88,600	$55,387	$101,154	$156,295
Equity Method Investments	—	$107,400	$105,813	$101,572
Operating Lease, Right-of-Use Asset	$57,235	$52,668	$58,167	$51,922
Nontrade Receivables, Current	—	$32,054	$0	$0
Goodwill	$281,117	$264,597	$585,221	$616,232
Other Assets, Current	$17,875	$17,383	$35,245	$30,341
Intangible Assets, Net (Excluding Goodwill)	$328,397	$316,390	$554,702	$660,017
Assets, Current	$847,979	$1,021,880	$1,034,462	$1,428,738
Other Assets, Noncurrent	$18,808	$17,044	$17,197	$12,871
Assets	$1,777,184	$2,016,774	$2,633,831	$3,194,240
Long-term Debt, Excluding Current Maturities	$314,996	$289,898	$275,903	$268,734
Operating Lease, Liability, Noncurrent	$37,722	$32,455	$40,186	$38,327
Deferred Income Tax Liabilities, Net	$76,764	$109,360	$123,145	$129,410
Other Liabilities, Noncurrent	$16,573	$16,625	$65,708	$76,138
Liabilities	$1,153,331	$1,190,296	$1,527,396	$1,803,691
Accounts Payable, Current	$145,968	$130,420	$226,810	$316,019
Contract with Customer, Liability, Current	$444,160	$508,846	$652,357	$802,601
Long-term Debt, Current Maturities	$26,520	$26,423	$15,146	$15,141
Operating Lease, Liability, Current	$19,641	$20,498	$18,679	$14,613
Employee-related Liabilities, Current	$27,758	$36,774	$62,657	$71,975
Other Liabilities, Current	$14,121	$18,997	$46,805	$70,733
Liabilities, Current	$678,168	$741,958	$1,022,454	$1,291,082
Common Stock, Value, Issued	$309	$312	$315	$315
Additional Paid in Capital	$293,570	$288,395	$366,101	$402,458
Treasury Stock, Value	—	$63,121	$130,547	$169,901
Retained Earnings (Accumulated Deficit)	$325,034	$582,495	$872,648	$1,124,443
Stockholders' Equity Attributable to Parent	$618,913	$808,081	$1,108,517	$1,357,315
Stockholders' Equity Attributable to Noncontrolling Interest	$4,940	$18,397	$-2,082	$33,234
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$623,853	$826,478	$1,106,435	$1,390,549
Common Stock, Shares Authorized	58,000,000	58,000,000	58,000,000	58,000,000
Common Stock, Shares, Issued	30,926,000	31,170,000	31,455,000	31,487,000
Common Stock, Shares, Outstanding	30,926,000	30,669,000	30,682,000	30,692,000

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$142,845	$270,918	$309,725	$460,437
Net Cash Provided by (Used in) Operating Activities	$478,584	$497,104	$439,988	$597,698
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$286,298	$192,632	$-273,474	$-234,922
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$471,563	$664,195	$390,721	$263,932
Depreciation, Depletion and Amortization	$57,403	$68,410	$77,114	$90,512
Payments to Acquire Businesses, Net of Cash Acquired	$51,177	$11,223	$482,333	$584,458
Amortization of Debt Issuance Costs and Discounts	$1,727	$1,146	$787	$657
Proceeds from Divestiture of Businesses, Net of Cash Divested	$14,000	$0	$2,000	$2,000
Gain (Loss) on Disposition of Property Plant Equipment	$5,286	$3,473	$2,837	$2,740
Deconsolidation, Gain (Loss), Amount	—	$91,289	$0	$896
Payments to Acquire Property, Plant, and Equipment	$64,379	$80,954	$77,312	$115,696
Proceeds from Equity Method Investment, Distribution	—	—	$23,803	$24,297
Proceeds from Sale of Property, Plant, and Equipment	$13,804	$10,157	$5,722	$6,209
Gain (Loss) on Disposition of Business	$0	$0	$15,934	$15,934
Net Cash Provided by (Used in) Investing Activities	$-87,752	$-185,849	$-551,923	$-691,945
Deferred Income Taxes and Tax Credits	$14,746	$32,573	$13,786	$14,637
Share-based Payment Arrangement, Noncash Expense	$14,622	$19,003	$24,181	$27,542
Increase (Decrease) in Operating Capital	$-252,527	$-199,816	$-9,363	$5,790
Proceeds from Lines of Credit	$2,562	$0	$0	$0
Repayments of Long-term Debt	$93,491	$26,539	$24,860	$15,162
Payments for Repurchase of Common Stock	—	$70,596	$74,200	$65,610
Payments to Noncontrolling Interests	$2,450	$0	$40,051	$40,051
Payment, Tax Withholding, Share-based Payment Arrangement	$9,567	$21,452	$21,019	$26,785
Payments of Debt Issuance Costs	$1,572	$0	$1,409	$0
Proceeds from (Payments for) Other Financing Activities	$-16	$-36	$0	$0
Net Cash Provided by (Used in) Financing Activities	$-104,534	$-118,623	$-161,539	$-140,675
Interest Paid, Excluding Capitalized Interest, Operating Activities	$27,011	$23,383	$17,842	$17,842
Income Taxes Paid	$36,906	$53,072	$81,074	$81,074
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$0	$1,000	$79,458	$79,458
Capital Expenditures Incurred but Not yet Paid	$12,506	$1,868	$4,988	$5,165

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Import this data to Google Sheets with:

=jivedata("STRL","financials")

Full statements spill as a table. For one cell: =jivedata("STRL","Revenue") or =jivedata("STRL","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.