Construction Partners, Inc. (ROAD) Financial Statements (2024 and earlier)

Company Profile

Business Address 290 HEALTHWEST DR.
DOTHAN, AL 36303
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 16 - Heavy Construction Other Than Building Construction Contractors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments43,23435,53157,251148,31680,61999,137
Cash and cash equivalents43,23435,53157,251148,31680,61999,137
Restricted cash and investments27528    
Receivables230,310265,207158,170131,770139,882120,291
Inventory, net of allowances, customer advances and progress billings79,55874,19553,79238,56134,29124,556
Inventory79,55874,19553,79238,56134,29124,556
Prepaid expense 7,2215,4383,6123,0434,989
Contract with customer, asset, after allowance for credit loss32,39529,27123,0237,87312,030 
Other undisclosed current assets15,3435,7362,3521,42910,10118,482
Total current assets:401,115417,189300,026331,561279,966267,455
Noncurrent Assets
Operating lease, right-of-use asset17,73513,9856,5357,383 
Property, plant and equipment498,293481,412404,832237,230205,870178,692
Long-term investments and receivables8787108198  
Long-term investments8787108198  
Intangible assets, net (including goodwill)175,645145,44189,58549,57241,98036,654
Goodwill159,949129,46585,42246,34838,54632,919
Intangible assets, net (excluding goodwill)15,69615,9764,1633,2243,4343,735
Restricted cash and investments6,7376,866    
Deferred income tax assets    3861,173
Other noncurrent assets29,39230,5415,5341,7842,28410,270
Other undisclosed noncurrent assets     4963,239
Total noncurrent assets:727,889678,332506,594296,553251,803228,855
TOTAL ASSETS:1,129,0041,095,521806,620628,114531,769496,310
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities111,752154,128112,84987,07989,52080,461
Employee-related liabilities12,98019,30217,12315,17312,802
Accounts payable111,752130,46886,39064,73270,44263,510
Accrued liabilities 10,6807,1575,2243,9054,149
Deferred revenue57,14752,47733,71933,70431,115
Debt12,50012,50010,00013,0007,53814,773
Other undisclosed current liabilities21,4937,0331,3952,046 39,307
Total current liabilities:202,892226,138157,963135,829128,173134,541
Noncurrent Liabilities
Long-term debt and lease obligation413,018375,125211,47784,60742,45848,115
Long-term debt, excluding current maturities413,018363,066206,17579,05342,45848,115
Liabilities, other than long-term debt54,23838,37928,28122,48317,5885,295
Deferred income tax liabilities25,98226,71317,36214,00311,480
Other liabilities12,50811,66610,9198,4806,1085,295
Operating lease, liability15,74812,0595,3025,554 
Other undisclosed noncurrent liabilities      8,890
Total noncurrent liabilities:467,256413,504239,758107,09060,04662,300
Total liabilities:670,148639,642397,721242,919188,219196,841
Equity
Equity, attributable to parent, including:458,856455,879408,899385,195343,550299,469
Treasury stock, value   (15,603)(15,603)(15,603)(15,603)
Additional paid in capital259,051256,571248,571245,022243,452242,493
Accumulated other comprehensive income (loss)16,36417,620(23)   
Retained earnings199,166197,274175,898155,721115,64672,525
Other undisclosed equity, attributable to parent(15,725)(15,586)56555554
Total equity:458,856455,879408,899385,195343,550299,469
TOTAL LIABILITIES AND EQUITY:1,129,0041,095,521806,620628,114531,769496,310

Income Statement (P&L) ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues1,358,4891,301,674910,739785,679783,238680,096
Cost of revenue
(Cost of Goods and Services Sold)
(1,221,655)(1,162,372)(790,803)(663,467)(665,285)(580,560)
Gross profit:136,834139,302119,936122,212117,95399,536
Operating expenses(103,552)(103,889)(89,835)(66,981)(60,815)(38,108)
Operating income:33,28235,41330,10155,23157,13861,428
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
518600819(336)(416)(101)
Interest and debt expense (7,900)(1,300)(1,900)(109)(94)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(6,437)199(1,104)(541)(920)(1,176)
Income from continuing operations before equity method investments, income taxes:27,36328,31228,51652,45455,69360,057
Income (loss) from equity method investments  (21)106031,3371,259
Other undisclosed loss from continuing operations before income taxes (3,981)     
Income from continuing operations before income taxes:23,38228,29128,52653,05757,03061,316
Income tax expense(5,625)(6,915)(8,349)(12,760)(13,909)(10,525)
Income from continuing operations:17,75721,37620,17740,29743,12150,791
Income before gain (loss) on sale of properties:15,86521,37620,17740,29743,12150,791
Net income available to common stockholders, diluted:17,75721,37620,17740,29743,12150,791

Comprehensive Income ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income:17,75721,37620,17740,29743,12150,791
Other comprehensive income (loss)14,94217,643(23)   
Comprehensive income, net of tax, attributable to parent:32,69939,01920,15440,29743,12150,791

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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