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3/25/22, 9:42 AM road -20210930
<br />Table of Contents
<br />CONSTRUCTION PARTNERS, INC.
<br />CONSOLIDATED BALANCE SHEETS
<br />(in thousands, except share and per share data)
<br />Property, plant and equipment, net
<br />September 30,
<br />237,230
<br />Operating lease right -of -use assets
<br />2021
<br />2020
<br />ASSETS
<br />85,422
<br />46,348
<br />Current assets:
<br />4,163
<br />3,224
<br />Cash and cash equivalents S
<br />57,251 S
<br />148,316
<br />Contracts receivable including retainage, net
<br />158,170
<br />131,770
<br />Costs and estimated eamings in excess of billings on uncompleted contracts
<br />23,023
<br />7,873
<br />Inventories
<br />53,792
<br />38,561
<br />Prepaid expenses and other current assets
<br />7,790
<br />5,041
<br />Total current assets
<br />300,026
<br />331,561
<br />Property, plant and equipment, net
<br />404,832
<br />237,230
<br />Operating lease right -of -use assets
<br />6,535
<br />7,383
<br />Goodwill
<br />85,422
<br />46,348
<br />Intangible assets, net
<br />4,163
<br />3,224
<br />Investment in joint venture
<br />108
<br />198
<br />Other assets
<br />5,534
<br />1,784
<br />Deferred income taxes, net
<br />-
<br />386
<br />Total assets $
<br />806,620 S
<br />628,114
<br />LIABILITIES AND STOCKHOLDERS' EQUITY
<br />Current liabilities:
<br />Accounts payable S
<br />36,390 $
<br />64,732
<br />Billings in excess of costs and estimated earnings on uncompleted contracts
<br />33.719
<br />33,704
<br />Current portion of operating lease liabilities
<br />1,395
<br />2,046
<br />Current maturities of long-term debt
<br />10,000
<br />13,000
<br />Accrued expenses and other current liabilities
<br />26,459
<br />22,347
<br />Total current liabilities
<br />117,963
<br />135,829
<br />Long-term liabilities:
<br />Long-term debt, net of current maturities and debt issuance costs
<br />206,175
<br />79,053
<br />Operating lease liabilities, net of current portion
<br />5,302
<br />5,554
<br />Deferred income taxes, net
<br />17,362
<br />14,003
<br />Other long-term liabilities
<br />10,919
<br />8,480
<br />Total long-term liabilities
<br />239.758
<br />107,09U
<br />Total liabilities
<br />397,721
<br />242,919
<br />Commitments and contingencies
<br />Stockholders' Equity:
<br />Preferred stock, par value $0.001; 10,000,000 shares authorized at September 30, 2021 and September 30, 2020 and no shares
<br />issued and outstanding
<br />_
<br />-
<br />Class A common stock, par value $0.001; 400,000,000 shares authorized, 36,600,639 shares issued and outstanding at
<br />September 30, 2021, and 33,875,884 shares issued and outstanding at September 30, 2020
<br />37
<br />34
<br />Class B common stock, par value $0.001; 100,000,000 shares authorized, 18,514,791 shares issued and 15,691,839 shares
<br />outstanding at September 30, 2021, and 20,828,813 shares issued and 17,905,861 shares outstanding at September 3Q
<br />2020
<br />19
<br />21
<br />Additional paid -in capital
<br />248,571
<br />245,022
<br />Treasury stock, at cost, 2,922,952 shares of Class B common stock, par value $0.001
<br />(15,603)
<br />(15,603)
<br />Accumulated other comprehensive loss, net
<br />(23)
<br />-
<br />Retained earnings
<br />175,898
<br />155,721
<br />Total stockholders' equity
<br />408,399
<br />385,195
<br />'Total liabilities and stockholders' equity S
<br />806,620 $
<br />628,114
<br />See notes to consolidated financial statements
<br />43
<br />https://www.sec.gov/Archives/edgar/data/0001718227/000171822721000107/road-20210930.htm 79/144
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