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EX-32.0 - EXHIBIT 32.0 - STERLING CONSTRUCTION CO INCexhibit32_0.htm
EX-31.1 - EXHIBIT 31.1 - STERLING CONSTRUCTION CO INCexhibit31_1.htm
EX-31.2 - EXHIBIT 31.2 - STERLING CONSTRUCTION CO INCexhibit31_2.htm
EXCEL - IDEA: XBRL DOCUMENT - STERLING CONSTRUCTION CO INCFinancial_Report.xls
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EX-10.2 - EXHIBIT 10.2 - STERLING CONSTRUCTION CO INCexhibit10_2.htm
EX-10.1 - EXHIBIT 10.1 - STERLING CONSTRUCTION CO INCexhibit10_1.htm
10-Q - STERLING CONSTRUCTION COMPANY, INC. FORM 10-Q - STERLING CONSTRUCTION CO INCform10-q.htm
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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) [Abstract]  
Net income attributable to Sterling common stockholders$ 7,716$ 9,715
Noncontrolling owners' interests in earnings of subsidiaries and joint ventures5,9993,136
Net income13,71512,851
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization12,77511,816
(Gain) loss on disposal of property and equipment(226)212
Deferred tax expense3,8342,014
Interest expense accreted on noncontrolling interests636877
Stock-based compensation expense382473
(Gain) loss on sale of securities and other33(1,044)
Tax benefits from exercise of stock options(68)0
Other changes in operating assets and liabilities:  
(Increase) decrease in contracts receivable(16,101)4,459
(Increase) decrease in costs and estimated earnings in excess of billings on uncompleted contracts(15,072)(1,511)
(Increase) decrease in receivables from and equity in construction joint ventures(1,391)(5,258)
(Increase) decrease in other current assets(993)134
Increase (decrease) in trade payables9,00910,159
Increase (decrease) in billings in excess of costs and estimated earnings on uncompleted contracts(3,155)97
Increase (decrease) in accrued compensation and other liabilities1,2592,152
Net cash provided by operating activities4,63737,431
Cash flows from investing activities:  
Net assets of acquired companies, net of cash acquired(3,911)0
Additions to property and equipment(19,592)(7,798)
Purchases of short-term securities, available for sale(97,719)(90,024)
Sales of short-term securities, available for sale84,47361,581
Proceeds from sale of property and equipment930272
Net cash used in investing activities(35,819)(35,969)
Cash flows from financing activities:  
Cumulative daily drawdowns - Credit Facility16,00055,000
Cumulative daily repayments - Credit Facility(8,000)(95,000)
Distributions to noncontrolling interest owners(6,185)(3,394)
Purchases of treasury stock(3,592)0
Other168602
Net cash used in financing activities(1,609)(42,792)
Net increase (decrease) in cash and cash equivalents(32,791)(41,330)
Cash and cash equivalents at beginning of period49,44154,406
Cash and cash equivalents at end of period16,65013,076
Supplemental disclosures of cash flow information:  
Cash paid during the period for interest23240
Cash paid during the period for income taxes2,3912,500
Non-cash items:  
Reclassification of amounts payable to noncontrolling interest owner1,0540
Net liabilities assumed in connection with acquisitions$ 1,961$ 0