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3/25122,9:42 AM road -20210930
<br />Table of Contents
<br />Note 27 - Condensed Financial Statements of Parent Company
<br />CONSTRUCTION PARTNERS, INC.
<br />PARENT COMPANY ONLY
<br />CONDENSED BALANCE SHEETS
<br />(in thousands, except share and per share data)
<br />See note to condensed financial statements of parent company.
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<br />September 30,
<br />2021 2020
<br />ASSETS
<br />Cash and cash equivalents
<br />$ 65,225
<br />$
<br />78,041
<br />Prepaid expenses and other current assets
<br />1,063
<br />928
<br />Total current assets
<br />66,288
<br />78,969
<br />Property, plant and equipment, net
<br />5,160
<br />2,994
<br />Investment in subsidiaries
<br />409,245
<br />383,740
<br />Deferred income taxes, net
<br />892
<br />441
<br />Other assets
<br />2,014
<br />6
<br />Total assets
<br />$ 483,599
<br />$
<br />466,150
<br />LIABILITIES AND STOCKHOLDERS' EQUITY
<br />Current liabilities:
<br />Due to subsidiaries
<br />$ 46,542
<br />$
<br />75,044
<br />Accrued expenses and other current liabilities
<br />2,970
<br />1,969
<br />Total current liabilities
<br />49,512
<br />77,013
<br />Long-term liabilities:
<br />Due to subsidiaries
<br />24,440
<br />2,234
<br />Other long-term liabilities
<br />748
<br />1,708
<br />Total long-term liabilities
<br />25,188
<br />3,942
<br />Total liabilities
<br />74,700
<br />80,955
<br />Stockholders' Equity
<br />Preferred stock, par value $0.001; 10,000,000 shares authorized at September 30, 2021 and September 30,
<br />2020 and no shares 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
<br />outstanding at September 30, 2021, and 33,875,884 shares issued and outstanding at September 30, 2020
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<br />34
<br />Class B common stock, par value 0.001; 100,000,000 shares authorized, 18,614,791 shares issued and
<br />15,691,839 shares outstanding at September 30, 2021, and 20,828,813 shares issued and 17,905,861 shares
<br />outstanding at September 30, 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 $0.001
<br />(15,603)
<br />(15,603)
<br />Accumulated other comprehensive loss
<br />(23)
<br />-
<br />Retained earnings
<br />175,898
<br />155,721
<br />Total stockholders' equity
<br />408,899
<br />385,195
<br />Total liabilities and stockholders' equity
<br />$ 483,599
<br />$
<br />466,150
<br />See note to condensed financial statements of parent company.
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