Page 14 - RosboroAR2018

CONSOLIDATEDBALANCE SHEETS(IN THOUSANDS)
CURRENT LIABILITIES
Accounts payable and accrued expenses 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, net of current portion
DEFERRED INCOME TAXES
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS’ EQUITY Common stock
Preferred stock (liquidation preference $61,939 and $56,113 at December 31, 2018 and 2017, respectively)
Retained earnings
ASSETS
DEC. 31, 2018
$- 7,855 30,859 673 10,358 763
DEC. 31, 2017
$- 10,918 19,364 0 10,330 783
50,508
4,181
41,395
3,841
77,715
75,674
8,877 575
9,998 990
9,452
10,988
$141,856
$131,898
LIABILITIES AND STOCKHOLDERS’ EQUITY
DEC. 31, 2018
$8,391 8,330 -
DEC. 31, 2017
$9,506 6,360 1,500
16,721
17,366
2,930
2,924
53,782
55,631
4,703
1,291
965 50,490
12,265
813 50,490
3,383
63,720
54,686
$141,856
$131,898
CURRENT ASSETS
Cash and cash equivalents Receivables
Inventories
Refundable Income Taxes Timber assets - current portion Prepaid expenses
Total current assets
TIMBER ASSETS, less current portion PROPERTY, PLANT AND EQUIPMENT
OTHER ASSETS Goodwill, net Other
14
ANNUAL REPORT 2018
See accompanying notes.