Southland Holdings Inc. (SLND) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1100 KUBOTA DRIVE GRAPEVINE, TX 76051 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| 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)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 49,176 | 232 | 1,100 | |||
| Cash and cash equivalents | 49,176 | 232 | 1,100 | |||
| Receivables | 194,869 | |||||
| Inventory, net of allowances, customer advances and progress billings | 5,500 | |||||
| Inventory | 5,500 | |||||
| Prepaid expense | 200 | 416 | ||||
| Contract with customer, asset, after allowance for credit loss | 554,202 | |||||
| Other current assets | 20,083 | |||||
| Other undisclosed current assets | 118,706 | |||||
| Total current assets: | 942,536 | 432 | 1,516 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 12,492 | |||||
| Property, plant and equipment | 102,150 | |||||
| Long-term investments and receivables | 3,235 | |||||
| Long-term investments | 3,235 | |||||
| Intangible assets, net (including goodwill) | 3,210 | |||||
| Goodwill | 1,528 | |||||
| Intangible assets, net (excluding goodwill) | 1,682 | |||||
| Asset, held-in-trust | 283,320 | 280,164 | ||||
| Deferred income tax assets | 11,496 | |||||
| Other noncurrent assets | 1,711 | |||||
| Other undisclosed noncurrent assets | 124,238 | |||||
| Total noncurrent assets: | 258,532 | 283,320 | 280,164 | |||
| TOTAL ASSETS: | 1,201,068 | 283,751 | 281,680 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 287,131 | 3 | 6 | |||
| Taxes payable | ✕ | ✕ | ✕ | 78 | ||
| Accounts payable | 162,464 | |||||
| Accrued liabilities | 124,667 | 82 | ||||
| Other undisclosed accounts payable and accrued liabilities | (79) | (72) | ||||
| Deferred revenue | 193,351 | |||||
| Debt | 53,673 | |||||
| Due to related parties | ✕ | ✕ | 65 | |||
| Other undisclosed current liabilities | 49,812 | 220 | 13 | |||
| Total current liabilities: | 583,967 | 223 | 83 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 253,626 | |||||
| Long-term debt, excluding current maturities | 251,906 | |||||
| Finance lease, liability | 1,720 | |||||
| Liabilities, other than long-term debt | 53,802 | |||||
| Deferred income tax liabilities | 2,548 | |||||
| Other liabilities | 47,728 | |||||
| Operating lease, liability | 3,526 | |||||
| Other undisclosed noncurrent liabilities | 49,109 | 9,660 | 9,660 | |||
| Total noncurrent liabilities: | 356,537 | 9,660 | 9,660 | |||
| Total liabilities: | 940,504 | 9,883 | 9,743 | |||
| Temporary equity, carrying amount | 280,140 | |||||
| Equity | ||||||
| Equity, attributable to parent | 249,622 | (9,327) | (8,203) | |||
| Common stock | 5 | 1 | 1 | |||
| Additional paid in capital | 270,330 | |||||
| Accumulated other comprehensive loss | (1,460) | |||||
| Accumulated deficit | (19,253) | (9,328) | (8,204) | |||
| Equity, attributable to noncontrolling interest | 10,942 | |||||
| Total equity: | 260,564 | (9,327) | (8,203) | |||
| Other undisclosed liabilities and equity | 283,195 | |||||
| TOTAL LIABILITIES AND EQUITY: | 1,201,068 | 283,751 | 281,680 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 1,160,417 | 4,014 | |||
| Gain on disposition of assets for financial service operations | 1,328 | 4,014 | |||
| Cost of revenue (Cost of Goods and Services Sold) | (1,124,603) | ||||
| Other undisclosed gross profit | |||||
| Gross profit: | 35,814 | 4,014 | |||
| Operating expenses | (67,195) | (1,282) | |||
| Other undisclosed operating loss | (4,014) | ||||
| Operating loss: | (31,381) | (1,282) | |||
| Nonoperating income | 23,610 | ||||
| Other nonoperating income | 23,580 | ||||
| Interest and debt expense | (19,471) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (27,242) | (1,282) | |||
| Other undisclosed income from continuing operations before income taxes | 4,014 | ||||
| Income (loss) from continuing operations before income taxes: | (27,242) | 2,732 | |||
| Income tax expense (benefit) | 8,527 | (801) | |||
| Income (loss) from continuing operations: | (18,715) | 1,931 | |||
| Other undisclosed net income | |||||
| Net income (loss): | (18,715) | 1,931 | |||
| Net loss attributable to noncontrolling interest | (538) | ||||
| Net income (loss) available to common stockholders, diluted: | (19,253) | 1,931 | |||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | (18,715) | 1,931 | |||
| Other comprehensive income (loss) | 1,206 | ||||
| Other undisclosed comprehensive income | |||||
| Comprehensive income (loss): | (17,509) | 1,931 | |||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (628) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (18,137) | 1,931 | |||
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.