Form SD - Specialized disclosure report

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM SD

 

Specialized Disclosure Report

 

GRANITE CONSTRUCTION INCORPORATED
(Exact name of registrant as specified in its charter)

 

Delaware (State or other jurisdiction of incorporation)			1-12911 (Commission File Number)			77-0239383 (IRS Employer Identification No.)

 

585 West Beach Street

Watsonville, California 95076

(Address of principal executive offices) (Zip Code)

 

Staci M. Woolsey; [phone]

(Name and telephone number, including area code, of the person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this form applies:

o Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ___________.

x Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.

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Section 2 - Resource Extraction Issuer Disclosure

Item 2.01 Resource Extraction Issuer Disclosure and Report

Disclosure of Payments by Resource Extraction Issuers

The specified payment disclosure required by this Form is included in an exhibit to the Form SD.

Section 3 - Exhibits

Item 3.01 - Exhibits

The following exhibit is submitted as part of this report.

Exhibit No.						Description
2.01						Resource Extraction Payment Report as required by Item 2.01 of this Form

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.

 

 

			GRANITE CONSTRUCTION INCORPORATED
			By:			/s/ Staci M. Woolsey
						Staci M. Woolsey
						Executive Vice President and Chief Financial Officer

 

 

Date: September 26, 2024

Exhibit 2.01

Resource Extraction Payment Report

Project-level disclosure

On April 24, 2023, Granite Construction Incorporated (the “Company”) acquired Coast Mountain Resources (2020) Ltd. which changed its name to Granite Infrastructure Canada, Ltd. ("Granite Canada") on May 13, 2024. Granite Canada is a construction aggregate producer based in British Columbia, Canada operating on Malahat First Nation land. As a consequence of the acquisition, the Company pays royalties for extracted aggregates to the Malahat First Nation. See table below (in thousands) for payments made to the Malahat First Nation for the year ended December 31, 2023.

Project

Type

Government

Country and Subdivision

Currency Used

Segment

Resource

Method of Extraction

Total Payments

Granite Canada

Royalty

Foreign Government - Tribal Government

CA-BC

CAD

Materials

Hard Rock

Open Pit

$

176

Government-level disclosure

The Company files a consolidated income tax return in the United States (“U.S.”) that includes all U.S. entities. The Company pays U.S. corporate income taxes based on income before income taxes of the entire U.S. group rather than on a project-by-project basis. The amount (in thousands) in the below table for the year ended December 31, 2023 is based on the consolidated income before income taxes of the Company.

Type

Government

Country

Currency Used

Total Payments

Income Taxes

Federal Government

United States

USD

$

7,571

Document Information	12 Months Ended
	Dec. 31, 2023
Document Information:
Document Type	2.01 SD
Amendment	false
CIK	0000861459
Registrant Name	GRANITE CONSTRUCTION INCORPORATED
Period End Date	Dec. 31, 2023
Reporting Currency	USD

Payments, by Category - USD ($) $ in Thousands	Taxes	Royalties	Total Payments
Total	$ 7,571	$ 176	$ 7,747

Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($) $ in Thousands	Taxes	Royalties	Total Payments
Total	$ 7,571	$ 176	$ 7,747
Granite Canada [Member]
Total		$ 176

Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($) $ in Thousands	Taxes	Royalties	Total Payments
Total	$ 7,571	$ 176	$ 7,747
CANADA | Tribal Government [Member]
Total		$ 176
UNITED STATES | United States Federal Government [Member]
Total	$ 7,571

Payments, Details - 12 months ended Dec. 31, 2023 - USD ($) $ in Thousands	Amount	Type	Country	Subnat. Juris.	Govt.	Project	Resource	Ext. Method
#: 1
	$ 176	Royalties	CANADA	snj:CA-BC	Tribal Government [Member]	Granite Canada [Member]	Hard Rock [Member]	Open Pit
#: 2
	$ 7,571	Taxes	UNITED STATES		United States Federal Government [Member]

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