Page 32 - Shareholders Report 2021

DELIVERY GROUPS | CORPORATE SUPPORT | FINANCIAL STATEMENTS

FINANCIAL STATEMENTS

Consolidated Financial Statements

Balance Sheets

2021 2020 2021 2020
ASSETS LIABILITIES AND EQUITY
Current assets Current liabilities
Accounts payable $300,989,479 $192,070,528
Cash and cash equivalents $185,305,821 $172,436,825
Investment securities 6,757,550 10,466,878 Contract liabilities - billings in excess of costs 165,681,459 175,443,936
and estimated earnings on contracts in process
Accounts and notes receivable, net 266,976,526 170,540,813 Accrued liabilities 63,257,418 47,884,113
Contract assets Total current liabilities 529,928,356 415,398,577
Costs and estimated earnings in excess 19,472,639 30,112,941
of billings on contracts in process Long-term liabilities
Retainages receivable 62,637,116 45,338,056 Long-term debt, net of current portion 15,000,000 15,000,000
Inventories 2,563,849 1,670,933 Other long-term liabilities 15,740,757 11,712,238
Other current assets 27,717,418 27,973,517 Total long-term liabilities 30,740,757 26,712,238
Total current assets 571,430,919 458,539,963 Equity
Property and equipment, net 17,634,445 16,815,276 Total Haskell stockholders' equity 71,742,640 80,293,719
Noncontrolling interests 118,480 772,220
Long-term assets
Long-term accounts and notes receivable 6,949,182 6,795,908 Total equity 71,861,120 81,065,939
Intangibles, net 4,402,613 5,492,895 $632,530,233 $523,176,754
Goodwill, net 16,618,638 21,336,682
Other assets 15,494,436 14,196,030
Total long-term assets 43,464,869 47,821,515
$632,530,233 $523,176,754

The financial information included on pages 30-32 represents Haskell’s condensed financial statements.
The complete audited financial statements can be found on the MyHaskell intranet under General Accounting/Reporting.

30 Haskell | 2021 Annual Report to Shareholders