Page 12 - RosboroAR2020

12 — ROSBORO ANNUAL REPORT 2020
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS)
ASSETS
CURRENT ASSETS
Cash and cash equivalents Receivables
Inventories
Timber assets - current portion Refundable income taxes Prepaid expenses
Total current assets
TIMBER ASSETS, less current portion PROPERTY, PLANT AND EQUIPMENT, net
OTHER ASSETS Goodwill, net Other
CURRENT LIABILITIES
Accounts payable and accrued expenses Income Taxes Payable
Current portion of timber contracts payable Current portion of long-term debt
Total current liabilities
TIMBER CONTRACTS PAYABLE AS TIMBER IS HARVESTED LONG-TERM DEBT, less current portion
DEFERRED INCOME TAXES
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS' EQUITY
Common stock
Preferred stock
(liquidation preference $25,072 and $68,368 at December 31, 2020 and 2019, respectively)
Retained earnings
DEC. 31, 2020
12,419
25,247
1,511
16,563
$-
805
-
DEC. 31, 2019
$176
10,511
25,877
3,177
$143,579
488
1,009
39,982
6,711
68,748
15,696
867
41,238
8,580
75,252
17,944
565
LIABILITIES AND STOCKHOLDERS’ EQUITY
DEC. 31, 2020
$16,334
564
1,160
3,281
21,339
3,191
65,289
6,398
1,371
24,861
9,555
35,787
$132,004
DEC. 31, 2019
$7,754
399
3,700
6,471
-
11,853
53,058
5,532
18,509
1,102
$132,004
50,490
15,073
66,665
$143,579
See accompanying notes.