|
KIMLEY‐HORN AND ASSOCIATES, INC.
<br />BALANCE SHEETS (CONTINUED)
<br />
<br />
<br />DECEMBER 31, 2018 AND 2017
<br />(SEE INDEPENDENT ACCOUNTANT’S REVIEW REPORT)
<br />
<br />
<br />The accompanying notes to the financial statements are an integral part of these statements. 3
<br />2018 2017
<br />LIABILITIES AND SHAREHOLDER'S EQUITY
<br />Current Liabilities:
<br />Accounts payable – trade 47,979,203$ 44,680,816$
<br />Billings in excess of costs and estimated
<br />earnings on uncompleted contracts 63,470,221 50,268,024
<br />Accrued salaries and wages 124,518,929 92,898,072
<br />Accrued vacation payable 17,524,312 15,684,372
<br />Accrued retirement plan contributions 59,623,943 53,668,889
<br />Deferred income, current 124,256 124,256
<br />Other current liabilities 79,334 78,646
<br />Total Current Liabilities 313,320,198 257,403,075
<br />Long-Term Liabilities:
<br />Tax liability due to affiliates 2,417,551 1,631,594
<br />Deferred tax liabilities, noncurrent 3,387,210 5,041,088
<br />Deferred income, noncurrent 1,149,363 1,273,619
<br />Other long-term liabilities 1,055,251 1,205,702
<br />Total Long-Term Liabilities 8,009,375 9,152,003
<br />Total Liabilities 321,329,573 266,555,078
<br />Shareholder's Equity:
<br />Common stock, stated value of $1.00 per share. Authorized
<br />100,000 shares, issued and outstanding 35,771 shares 35,771 35,771
<br />Paid-in capital 8,798,275 8,798,275
<br />Retained earnings 120,641,494 103,585,503
<br />Accumulated other comprehensive loss (202,479) (304,108)
<br />Total Shareholder’s Equity 129,273,061 112,115,441
<br />Total Liabilities and Shareholder’s Equity 450,602,634$ 378,670,519$
|