Page 22 - Board of Directors Orientation

FINANCIALS

2020 Financial Statements

CONSOLIDATED BALANCE SHEETS

2020 2019 2020 2019
Assets Liabilities And Equity
Current assets Current liabilities
Cash and cash equivalents $172,436,825 $119,025,274 Accounts payable $192,070,528 $248,554,449
Investment securities 10,466,878 4,541,598 Contract liabilities - billings in 175,443,936 192,087,648
excess of costs and estimated
Accounts and notes receivable, net 170,540,813 275,986,107 earnings on contracts in process
Contract assets Accrued liabilities 47,884,113 47,199,620
Costs and estimated 30,112,941 31,507,094 Total current liabilities 415,398,577 487,841,717
earnings in excess of billings
on contracts in process Long term liabilities
Retainages receivable 45,338,056 65,156,114 Long-term debt, net of 15,000,000 10,000,000
current portion
Inventories 1,670,933 3,055,705
Other long-term liabilities 11,712,238 10,185,094
Other current assets 27,973,517 17,793,555
Total long-term liabilities 26,712,238 20,185,094
Total current assets 458,539,963 517,065,447
Equity
Property and equipment, net 16,815,276 16,232,295
Total Haskell stockholders' equity 80,293,719 73,684,339
Long term accounts and 6,795,908 6,329,518
notes receivable Noncontrolling interests 772,220 3,398,182
Intangibles, net 5,492,895 7,849,025 Total equity 81,065,939 77,082,521
Goodwill, net 21,336,682 27,084,043 $523,176,754 $585,109,332
Other assets 14,196,030 10,549,004
47,821,515 51,811,590
$523,176,754 $585,109,332

20 Haskell | 2021 Board of Directors Orientation