|
FERREIRA CONSTRUCTION COMPANY, INC. AND SUBSIDIARY
<br />CONSOLIDATED BALANCE SHEET
<br />DECEMBER 31, 2020
<br />ASSETS
<br />CURRENT ASSETS:
<br />Cash
<br />Bond escrow
<br />Contract receivables, including retentions of $18,630,932 less allowance for
<br />doubtful accounts of $243,600
<br />Costs and estimated earnings in excess of billings on uncompleted contracts
<br />Investment in joint ventures
<br />Due from related parties
<br />Prepaid expenses and other current assets
<br />Total Current Assets
<br />PROPERTY AND EQUIPMENT, NET
<br />LONG-TERM ASSETS:
<br />Deposits
<br />Due from related parties
<br />Due from affiliate
<br />Investment at cost
<br />Investments on the equity method
<br />Total Long -Term Assets
<br />LIABILITIES AND EQUITY
<br />CURRENT LIABILITIES:
<br />Long-term debt, current maturities (net of current unamortized
<br />debt issuance costs of $181,092)
<br />Accounts payable, including retentions of $8,153,989
<br />Accrued expenses and other current liabilities
<br />Current portion of deferred social security taxes - CARES act
<br />Billings in excess of costs and estimated earnings on uncompleted contracts
<br />Due to related parties
<br />Due to affiliate
<br />Total Current Liabilities
<br />LONG-TERM LIABILITIES:
<br />Deferred social security taxes - CARES act, less current portion
<br />Main street loan (net of unamortized debt issuance costs of $565,656)
<br />Long term debt, less current maturities (net of unamortized debt issuance costs of $71,187)
<br />Total Long -Term Liabilities
<br />COMMITMENTS AND CONTINGENCIES
<br />EQUITY:
<br />Common stock, stated value of $71.56 per share, 100 shares authorized, issued and outstanding
<br />Additional paid -in capital
<br />Retained earnings
<br />Total Equity
<br />See independent auditors'report on supplementary information.
<br />$ 5,513,652
<br />1,049,500
<br />62,370,079
<br />17,629,038
<br />1,944,194
<br />2,876,297
<br />1,473,434
<br />92,856,194
<br />62,439,213
<br />490,254
<br />3,921,924
<br />350,000
<br />2,351,171
<br />7,568,960
<br />14,682,309
<br />$ 169,977,716
<br />$ 7,217,693
<br />49,571,785
<br />2,991,567
<br />1,939,490
<br />13,439,565
<br />185,097
<br />113,500
<br />75,458,697
<br />1,939,492
<br />34,732,945
<br />20,211,439
<br />56,883,876
<br />7,156
<br />10,363,715
<br />27,264,272
<br />37,635,143
<br />$ 169,977,716
<br />
|