10-Q Filing

STERLING INFRASTRUCTURE, INC. CIK: 874238 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0000874238-22-000089`
Period End Date	20220930
Filing Date	20221101
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	strl-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 116 Income Statement 84 Cash Flow Statement 64 Stockholders Equity 54 Comprehensive Income 28

Balance Sheet 116 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents ($28,994 and $35,378 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$146.48M	USD	Point-in-time
Cash and cash equivalents ($28,994 and $35,378 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$117.70M	USD	Point-in-time
Cash and cash equivalents ($28,994 and $35,378 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$81.84M	USD	Point-in-time
Accounts receivable ($38,617 and $26,176 related to VIEs)	`ReceivablesLongTermContractsOrPrograms`	$232.15M	USD	Point-in-time
Accounts receivable ($38,617 and $26,176 related to VIEs)	`ReceivablesLongTermContractsOrPrograms`	$329.55M	USD	Point-in-time
Contract assets ($19,458 and $10,249 related to VIEs)	`CapitalizedContractCostGross`	$153.67M	USD	Point-in-time
Contract assets ($19,458 and $10,249 related to VIEs)	`CapitalizedContractCostGross`	$83.31M	USD	Point-in-time
Receivables from and equity in construction joint ventures ($5,530 and $7,058 related to VIEs)	`ReceivablesFromAndEquityInConstructionJointVenture`	$16.90M	USD	Point-in-time
Receivables from and equity in construction joint ventures ($5,530 and $7,058 related to VIEs)	`ReceivablesFromAndEquityInConstructionJointVenture`	$16.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$117.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.84M	USD	Point-in-time
Other current assets ($4,317 and $4,451 related to VIEs)	`OtherAssetsCurrent`	$20.49M	USD	Point-in-time
Other current assets ($4,317 and $4,451 related to VIEs)	`OtherAssetsCurrent`	$23.55M	USD	Point-in-time
Accounts receivable	`ReceivablesLongTermContractsOrPrograms`	$232.15M	USD	Point-in-time
Accounts receivable	`ReceivablesLongTermContractsOrPrograms`	$329.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$669.56M	USD	Point-in-time
Contract assets	`CapitalizedContractCostGross`	$153.67M	USD	Point-in-time
Contract assets	`CapitalizedContractCostGross`	$83.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$434.69M	USD	Point-in-time
Property and equipment, net ($9,880 and $10,420 related to VIEs)	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$204.32M	USD	Point-in-time
Sterlings receivables from and equity in construction joint ventures	`ReceivablesFromAndEquityInConstructionJointVenture`	$16.90M	USD	Point-in-time
Sterlings receivables from and equity in construction joint ventures	`ReceivablesFromAndEquityInConstructionJointVenture`	$16.32M	USD	Point-in-time
Property and equipment, net ($9,880 and $10,420 related to VIEs)	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$222.65M	USD	Point-in-time
Operating lease right-of-use assets, net ($5,033 and $5,097 related to VIEs)	`OperatingLeaseRightOfUseAsset`	$24.52M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.49M	USD	Point-in-time
Operating lease right-of-use assets, net ($5,033 and $5,097 related to VIEs)	`OperatingLeaseRightOfUseAsset`	$60.38M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$23.55M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$204.32M	USD	Point-in-time
Goodwill ($1,501 and $1,501 related to VIEs)	`Goodwill`	$252.89M	USD	Point-in-time
Goodwill ($1,501 and $1,501 related to VIEs)	`Goodwill`	$259.79M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$222.65M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$24.52M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$60.38M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$293.53M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$303.22M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$4.46M	USD	Point-in-time
Goodwill	`Goodwill`	$252.89M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$4.33M	USD	Point-in-time
Goodwill	`Goodwill`	$259.79M	USD	Point-in-time
Total assets	`Assets`	$1.23B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$144.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$192.90M	USD	Point-in-time
Total assets	`Assets`	$1.50B	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$127.93M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$224.74M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$28.23M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$29.70M	USD	Point-in-time
Current portion of long-term lease obligations	`OperatingLeaseLiabilityCurrent`	$8.84M	USD	Point-in-time
Current portion of long-term lease obligations	`OperatingLeaseLiabilityCurrent`	$17.42M	USD	Point-in-time
Accounts payable ($45,728 and $23,611 related to VIEs)	`AccountsPayableCurrent`	$144.98M	USD	Point-in-time
Accounts payable ($45,728 and $23,611 related to VIEs)	`AccountsPayableCurrent`	$192.90M	USD	Point-in-time
Contract liabilities ($16,137 and $22,583 related to VIEs)	`ContractWithCustomerLiabilityCurrent`	$127.93M	USD	Point-in-time
Contract liabilities ($16,137 and $22,583 related to VIEs)	`ContractWithCustomerLiabilityCurrent`	$224.74M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$22.80M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$37.45M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$18.97M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$10.10M	USD	Point-in-time
Current maturities of long-term debt ($0 and $4,857 related to VIEs)	`LongTermDebtCurrent`	$28.23M	USD	Point-in-time
Current maturities of long-term debt ($0 and $4,857 related to VIEs)	`LongTermDebtCurrent`	$29.70M	USD	Point-in-time
Current portion of long-term lease obligations ($2,407 and $2,334 related to VIEs)	`OperatingLeaseLiabilityCurrent`	$8.84M	USD	Point-in-time
Total long-term debt	`LongTermDebtNoncurrent`	$428.59M	USD	Point-in-time
Current portion of long-term lease obligations ($2,407 and $2,334 related to VIEs)	`OperatingLeaseLiabilityCurrent`	$17.42M	USD	Point-in-time
Total long-term debt	`LongTermDebtNoncurrent`	$407.09M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$15.83M	USD	Point-in-time
Accrued compensation ($3,383 and $2,388 related to VIEs)	`EmployeeRelatedLiabilitiesCurrent`	$22.80M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$43.12M	USD	Point-in-time
Accrued compensation ($3,383 and $2,388 related to VIEs)	`EmployeeRelatedLiabilitiesCurrent`	$37.45M	USD	Point-in-time
Other current liabilities ($496 and $889 related to VIEs)	`OtherLiabilitiesCurrent`	$18.97M	USD	Point-in-time
Other current liabilities ($496 and $889 related to VIEs)	`OtherLiabilitiesCurrent`	$10.10M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	38.00M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$512.31M	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	38.00M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$351.76M	USD	Point-in-time
Long-term debt ($0 and $81 related to VIEs)	`LongTermDebtNoncurrent`	$428.59M	USD	Point-in-time
Ending balance (in shares)	`CommonStockSharesIssued`	30.32M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesIssued`	30.32M	shares	Point-in-time
Long-term debt ($0 and $81 related to VIEs)	`LongTermDebtNoncurrent`	$407.09M	USD	Point-in-time
Long-term lease obligations ($2,626 and $2,763 related to VIEs)	`OperatingLeaseLiabilityNoncurrent`	$15.83M	USD	Point-in-time
Long-term lease obligations ($2,626 and $2,763 related to VIEs)	`OperatingLeaseLiabilityNoncurrent`	$43.12M	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Members interest subject to mandatory redemption and undistributed earnings	`MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings`	$55.12M	USD	Point-in-time
Members interest subject to mandatory redemption and undistributed earnings	`MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings`	$55.86M	USD	Point-in-time
Deferred tax liability, net	`DeferredIncomeTaxLiabilitiesNet`	$14.66M	USD	Point-in-time
Deferred tax liability, net	`DeferredIncomeTaxLiabilitiesNet`	$40.31M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.82M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.06B	USD	Point-in-time
Total liabilities	`Liabilities`	$870.77M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01 per share; 38,000 shares authorized, 30,318 and 29,838 shares issued and outstanding	`CommonStockValue`	$298.00K	USD	Point-in-time
Common stock, par value $0.01 per share; 38,000 shares authorized, 30,318 and 29,838 shares issued and outstanding	`CommonStockValue`	$303.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$280.27M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$281.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$154.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$79.92M	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.72M	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$578.00K	USD	Point-in-time
Total Sterling stockholders equity	`StockholdersEquity`	$437.11M	USD	Point-in-time
Total Sterling stockholders equity	`StockholdersEquity`	$358.77M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$2.78M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.46M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$268.73M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$407.38M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$323.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$439.89M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$298.77M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$360.23M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$275.69M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.50B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.23B	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.18B	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$463.45M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$556.94M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.48B	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$474.92M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$1.02B	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$1.27B	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$405.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$82.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$57.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$206.55M	USD	3 Qtrs
Gross profit	`GrossProfit`	$159.08M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$52.56M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$26.47M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$72.96M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$19.64M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$2.87M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$3.51M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$10.59M	USD	3 Qtrs
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$8.60M	USD	3 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	3 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$762.00K	USD	3 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$277.00K	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-5.19M	USD	3 Qtrs
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-10.41M	USD	3 Qtrs
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-3.27M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-4.08M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$87.51M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$117.05M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$32.03M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$47.69M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$13.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$167.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$39.00K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$207.00K	USD	3 Qtrs
Interest expense	`InterestExpenseAndAccretedInterest`	$15.66M	USD	3 Qtrs
Interest expense	`InterestExpenseAndAccretedInterest`	$3.92M	USD	1 Quarter
Interest expense	`InterestExpenseAndAccretedInterest`	$5.13M	USD	1 Quarter
Interest expense	`InterestExpenseAndAccretedInterest`	$14.20M	USD	3 Qtrs
Gain on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$968.00K	USD	1 Quarter
Gain on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$2.43M	USD	3 Qtrs
Gain on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$2.03M	USD	3 Qtrs
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$42.72M	USD	1 Quarter
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$29.09M	USD	1 Quarter
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$105.48M	USD	3 Qtrs
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$73.92M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$12.56M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.34M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$29.43M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$20.27M	USD	3 Qtrs
Net income	`ProfitLoss`	$30.16M	USD	1 Quarter
Net income	`ProfitLoss`	$21.76M	USD	1 Quarter
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Net income	`ProfitLoss`	$20.22M	USD	1 Quarter
Net income	`ProfitLoss`	$11.67M	USD	1 Quarter
Net income	`ProfitLoss`	$53.64M	USD	3 Qtrs
Net income	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income	`ProfitLoss`	$76.05M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$631.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$634.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.91M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.32M	USD	3 Qtrs
Net income attributable to Sterling common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$51.74M	USD	3 Qtrs
Net income attributable to Sterling common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$21.13M	USD	1 Quarter
Net income attributable to Sterling common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$29.52M	USD	1 Quarter
Net income attributable to Sterling common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$74.74M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.81	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.98	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.48	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.74	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.97	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.79	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.46	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.72	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.71M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.53M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.16M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.28M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.54M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.93M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.36M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.21M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$30.16M	USD	1 Quarter
Net income	`ProfitLoss`	$21.76M	USD	1 Quarter
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Net income	`ProfitLoss`	$20.22M	USD	1 Quarter
Net income	`ProfitLoss`	$11.67M	USD	1 Quarter
Net income	`ProfitLoss`	$53.64M	USD	3 Qtrs
Net income	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income	`ProfitLoss`	$76.05M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.34M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$38.55M	USD	3 Qtrs
Amortization of debt issuance costs and non-cash interest	`AmortizationOfFinancingCostsAndDiscounts`	$1.64M	USD	3 Qtrs
Amortization of debt issuance costs and non-cash interest	`AmortizationOfFinancingCostsAndDiscounts`	$1.76M	USD	3 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.18M	USD	3 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.93M	USD	3 Qtrs
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	$968.00K	USD	1 Quarter
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	$2.43M	USD	3 Qtrs
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	$2.03M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$17.41M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$10.47M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$6.12M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$24.98M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$5.69M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$9.20M	USD	3 Qtrs
Change in fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	$320.00K	USD	3 Qtrs
Change in fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	$41.00K	USD	3 Qtrs
Changes in operating assets and liabilities (Note 16)	`IncreaseDecreaseInOperatingCapital`	$15.09M	USD	3 Qtrs
Changes in operating assets and liabilities (Note 16)	`IncreaseDecreaseInOperatingCapital`	$-35.15M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$135.74M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$130.65M	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.03M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.31M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.83M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.04M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.09M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.82M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.22M	USD	3 Qtrs
Repayments of debt	`RepaymentsOfLongTermDebt`	$44.18M	USD	3 Qtrs
Repayments of debt	`RepaymentsOfLongTermDebt`	$17.61M	USD	3 Qtrs
Distributions to noncontrolling interest owners	`PaymentsToMinorityShareholders`	-	USD	3 Qtrs
Distributions to noncontrolling interest owners	`PaymentsToMinorityShareholders`	$1.96M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-603.00K	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.61M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-46.75M	USD	3 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$51.77M	USD	3 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$65.21M	USD	3 Qtrs
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.91M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.69M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.64M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.42M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.91M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.69M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.64M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.42M	USD	Point-in-time
Less: restricted cash (other current assets)	`RestrictedCash`	$7.43M	USD	Point-in-time
Less: restricted cash (other current assets)	`RestrictedCash`	$6.85M	USD	Point-in-time
Less: restricted cash (other current assets)	`RestrictedCash`	$6.71M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$146.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$117.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$81.84M	USD	Point-in-time
Capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$562.00K	USD	3 Qtrs
Capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$116.00K	USD	3 Qtrs

Stockholders Equity 54 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$268.73M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$407.38M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$323.09M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.64M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$439.89M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$298.77M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$360.23M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$275.69M	USD	Point-in-time
Net income	`ProfitLoss`	$30.16M	USD	1 Quarter
Net income	`ProfitLoss`	$21.76M	USD	1 Quarter
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Net income	`ProfitLoss`	$20.22M	USD	1 Quarter
Net income	`ProfitLoss`	$11.67M	USD	1 Quarter
Net income	`ProfitLoss`	$53.64M	USD	3 Qtrs
Net income	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income	`ProfitLoss`	$76.05M	USD	3 Qtrs
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.30M	USD	3 Qtrs
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.34M	USD	3 Qtrs
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$895.00K	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-101.00K	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$839.00K	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$728.00K	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.56M	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$718.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.44M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$1.83M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$3.52M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.33M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.02M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$1.84M	USD	1 Quarter
Distributions to owners	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.96M	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$107.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$192.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$120.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$144.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$191.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$155.00K	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.39M	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.62M	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$99.00K	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$135.00K	USD	1 Quarter
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$-3.00K	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$268.73M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$407.38M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$323.09M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.64M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$439.89M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$298.77M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$360.23M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$275.69M	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$30.16M	USD	1 Quarter
Net income	`ProfitLoss`	$21.76M	USD	1 Quarter
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Net income	`ProfitLoss`	$20.22M	USD	1 Quarter
Net income	`ProfitLoss`	$11.67M	USD	1 Quarter
Net income	`ProfitLoss`	$53.64M	USD	3 Qtrs
Net income	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income	`ProfitLoss`	$76.05M	USD	3 Qtrs
Change in interest rate swap, net of tax (Note 10)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.30M	USD	3 Qtrs
Change in interest rate swap, net of tax (Note 10)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.34M	USD	3 Qtrs
Change in interest rate swap, net of tax (Note 10)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$895.00K	USD	1 Quarter
Change in interest rate swap, net of tax (Note 10)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-101.00K	USD	1 Quarter
Change in interest rate swap, net of tax (Note 10)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$839.00K	USD	1 Quarter
Change in interest rate swap, net of tax (Note 10)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$728.00K	USD	1 Quarter
Change in interest rate swap, net of tax (Note 10)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.56M	USD	1 Quarter
Change in interest rate swap, net of tax (Note 10)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$718.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$22.48M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$30.06M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$78.35M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$55.98M	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$631.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$634.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.91M	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.32M	USD	3 Qtrs
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$29.42M	USD	1 Quarter
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$21.84M	USD	1 Quarter
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$54.08M	USD	3 Qtrs
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$77.04M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.