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; (831) 724-1011
(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.



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.


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.
ProjectTypeGovernmentCountry and SubdivisionCurrency UsedSegmentResourceMethod of ExtractionTotal Payments
Granite CanadaRoyalty Foreign Government - Tribal GovernmentCA-BCCADMaterialsHard RockOpen 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.
TypeGovernmentCountryCurrency UsedTotal Payments
Income TaxesFederal GovernmentUnited StatesUSD$7,571 


v3.24.3
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
v3.24.3
Payments, by Category - USD ($)
$ in Thousands
Taxes
Royalties
Total Payments
Total $ 7,571 $ 176 $ 7,747
v3.24.3
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  
v3.24.3
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    
v3.24.3
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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