Page 33 - Shareholders Report 2021

DELIVERY GROUPS | CORPORATE SUPPORT | FINANCIAL STATEMENTS

FINANCIAL STATEMENTS

Statements of Comprehensive Income

2021 2020 2021 2020
Contract revenue $1,399,455,458 $1,113,926,351 Net income before provision for income taxes 12,788,211 17,617,562
Design and management fees 52,404,491 65,780,357 Provision for income taxes 3,756,398 3,410,257
Other revenue 838,824 519,040
Total revenues 1,452,698,773 1,180,225,748 Net income 9,031,813 14,207,305
Cost of revenues 1,382,954,391 1,124,626,620 Net income attributable to 96,260 1,124,038
noncontrolling interests
Gross profit 69,744,382 55,599,128 Net income attributable to Haskell $8,935,553 $13,083,267
General and administrative expenses (47,125,403) (36,448,763)
Depreciation and amortization (9,866,033) (10,246,138)
Interest income, net 203,900 921,453
Gain on sale of subsidiary/division - 6,973,221
Other income (expense), net (168,635) 818,661
(56,956,171) (37,981,566)

Statements of Equity

Notes Accumulated
Additional Unearned Receivable Other Total Haskell Non-
Common Paid in Retained ESOP Secured By Comprehensive Stockholders' controlling Total
Shares Stock Capital Earnings Shares Common Stock Loss Equity Interests Equity
Balances, January 1, 2020 273,031 $273,031 $54,486,450 $31,323,076 $(9,506,542) $(2,891,676) $- $73,684,339 $3,398,182 $77,082,521
Net income - - - 13,083,267 - - - 13,083,267 1,124,038 14,207,305
Stock issued 5,850 5,850 2,565,050 - - (1,703,138) - 867,762 - 867,762
Stock redeemed (16,225) (16,225) (4,866,931) (3,443,937) - - - (8,327,093) - (8,327,093)
Share based compensation - - - - - 1,701,394 - 1,701,394 - 1,701,394
ESOP share allocation - - 656,453 - 1,359,352 - - 2,015,805 - 2,015,805
Distributions - - - (2,731,755) - - - (2,731,755) (3,750,000) (6,481,755)
Balances, December 31, 2020 262,656 262,656 52,841,022 38,230,651 (8,147,190) (2,893,420) - 80,293,719 772,220 81,065,939
Net income - - - 8,935,553 - - - 8,935,553 96,260 9,031,813
Stock issued 6,808 6,808 3,456,049 - - (2,319,003) - 1,143,854 - 1,143,854
Stock redeemed (35,403) (35,403) (3,247,019) (16,986,038) - - - (20,268,460) - (20,268,460)
Share based compensation - - - - - 1,634,864 - 1,634,864 - 1,634,864
ESOP share allocation - - 1,063,587 - 1,359,352 - - 2,422,939 - 2,422,939
Distributions - - - (1,780,073) - - - (1,780,073) (750,000) (2,530,073)
Foreign currency - - - - - - (639,756) (639,756) - (639,756)
translation adjustment
Balances, December 31, 2021 234,061 $234,061 $54,113,639 $28,400,093 $(6,787,838) $(3,577,559) $(639,756) $71,742,640 $118,480 $71,861,120