MYR GROUP INC. | 2013 | FY | 3


4. Contracts in Process

        The net asset (liability)position for contracts in process consisted of the following at December 31:

(in thousands)
  2013   2012  

Costs and estimated earnings on uncompleted contracts

  $ 1,748,204   $ 1,439,455  

Less: Billings to date

    1,760,637     1,410,271  
           

 

  $ (12,433 ) $ 29,184  
           
           

        The net asset (liability) position for contracts in process is included in the accompanying consolidated balance sheets as follows at December 31:

(in thousands)
  2013   2012  

Costs and estimated earnings in excess of billings on uncompleted contracts

  $ 40,519   $ 61,773  

Billings in excess of costs and estimated earnings on uncompleted contracts

    (52,952 )   (32,589 )
           

 

  $ (12,433 ) $ 29,184  
           
           

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