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OHL USA, INC. AND SUBSIDIARIES
<br />CONSOLIDATED STATEMENT OF INCOME
<br />FOR THE YEAR ENDED DECEMBER 31, 2020
<br />CONTRACT REVENUES $ 1,398,634,081
<br />ASPHALT SALES 14,541,393
<br />1,413,175,474
<br />CONTRACT COSTS 1,305,851,175
<br />COST OF ASPHALT SALES 10,861,312
<br />1,316,712,487
<br />GROSS PROFIT 96,462,987
<br />GENERAL AND ADMINISTRATIVE EXPENSES 35,935,989
<br />AMORTIZATION OF GOODWILL AND INTANGIBLE ASSETS 22,259,292
<br />INCOME FROM OPERATIONS 38,267,706
<br />OTHER INCOME (EXPENSE)
<br />Interest income 1,190,965
<br />Interest expense (3,153,295)
<br />Miscellaneous expense (246,792)
<br />Loss on sale of marketable securities (34,338)
<br />Gain on foreign currency transactions 4,154,953
<br />Gain on sale of property and equipment 603,723
<br />Total Other Income 2,515,216
<br />INCOME BEFORE PROVISION FOR INCOME TAXES 40,782,922
<br />PROVISION FOR INCOME TAXES 16,172,647
<br />NET INCOME 24,610,275
<br />LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 9,758,357
<br />NET INCOME ATTRIBUTABLE TO OHL USA, INC. $ 14,851,918
<br />The accompanying notes are an integral part of these consolidated financial statements.
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