Limbach Holdings, Inc. (LMB) financial statements (2022 and earlier)

Company profile

Business Address 1251 WATERFRONT PLACE
PITTSBURGH, PA 15222
State of Incorp.
Fiscal Year End December 31
SIC 17 - Construction Special Trade Contractors (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,47642,1478,3441,6196267,406120
Cash and cash equivalents14,47642,1478,3441,6196267,406120
Restricted cash and investments113113113113113113 
Receivables89,45385,777105,075135,699129,354113,982 
Prepaid expense      19
Contract with customer, asset83,86367,09877,188 
Costs in excess of billings33,00631,959 
Other current assets5,0014,2824,66034,8573,1611,723 
Other undisclosed current assets   32,698   
Total current assets:192,906199,417195,380204,986166,260155,183139
Noncurrent Assets
Finance lease, right-of-use asset4,9166,2426,412
Operating lease, right-of-use asset20,11918,75121,056
Property, plant and equipment(19,016)(16,340)(12,079)20,52717,91818,541 
Intangible assets, net (including goodwill)28,27717,81018,44023,44124,71328,295 
Goodwill11,3706,1296,12910,48810,48810,488 
Intangible assets, net (excluding goodwill)16,90711,68112,31112,95314,22517,807 
Assets held-in-trust      46,060
Deferred income tax assets4,3306,0874,786
Other noncurrent assets259392668271465588 
Deferred tax assets, net4,4093,6644,268 
Other undisclosed noncurrent assets35,72129,79826,954    
Total noncurrent assets:74,60662,74066,23748,64846,76051,69246,060
TOTAL ASSETS:267,512262,157261,617253,634213,020206,87546,199
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities88,78593,181106,32483,11778,44365,235130
Accounts payable63,84066,76386,26774,35367,43857,034130
Accrued liabilities24,44424,74720,0453,6183,3553,543 
Employee-related liabilities   5,1465,4304,658 
Taxes payable5011,67112 2,220  
Deferred revenue26,71246,64842,370
Debt9,8796,5364,4254,47514,1384,476 
Provision for loss on contracts  1,708    
Estimated litigation liability   32,578   
Due to related parties      125
Billings in excess of cost28,54339,190 
Other liabilities456764821607508493 
Other undisclosed current liabilities3,9103,1651,22161,36113,85217,335 
Total current liabilities:129,742150,294156,869182,138135,484126,729255
Noncurrent Liabilities
Long-term debt and lease obligation, including:29,81636,51338,86823,61420,55621,507 
Long-term debt, excluding current maturities29,81636,51338,86823,61420,55621,507 
Finance lease, liability2,6813,9234,161
Operating lease, liability16,57615,45918,247
Other undisclosed long-term debt and lease obligation(19,257)(19,382)(22,408)    
Liabilities, other than long-term debt3,9917,0491,1451,514861817 
Accounts payable and accrued liabilities451890382    
Other liabilities3,5406,1597631,514861817 
Other undisclosed noncurrent liabilities16,12514,56917,865    
Total noncurrent liabilities:49,93258,13157,87825,12821,41722,324 
Total liabilities:179,674208,425214,747207,266156,901149,053255
Temporary equity, carrying amount    7,95910,37440,944
Stockholders' equity
Stockholders' equity attributable to parent87,83853,73246,87046,36848,16047,4485,000
Common stock1111110
Additional paid in capital85,00457,61256,55754,79154,73855,1625,529
Retained earnings (accumulated deficit)2,833(3,881)(9,688)(8,424)(6,579)(7,715)(529)
Total stockholders' equity:87,83853,73246,87046,36848,16047,4485,000
TOTAL LIABILITIES AND EQUITY:267,512262,157261,617253,634213,020206,87546,199

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues490,351568,209553,334546,526485,739  
Revenue, net485,739  
Cost of revenue(404,441)(486,823)(481,457)(487,095)(420,116)  
Gross profit:85,91081,38671,87759,43165,623  
Operating expenses(71,920)(64,231)(63,810)(58,361)(59,605) (391)
Operating income (loss):13,99017,1558,0671,0706,018 (391)
Nonoperating income (expense)   (3,550)(2,155) 2
Investment income, nonoperating      2
Interest and debt expense(1,961)(363)(333)(373)(181)  
Income (loss) from continuing operations before equity method investments, income taxes:12,02916,7927,734(2,853)3,682 (389)
Other undisclosed income (loss) from continuing operations before income taxes(2,552)(9,803)(9,791)373181  
Income (loss) from continuing operations before income taxes:9,4776,989(2,057)(2,480)3,863 (389)
Income tax expense (benefit)(2,763)(1,182)282635(3,151)  
Net income (loss):6,7145,807(1,775)(1,845)712 (389)
Other undisclosed net income attributable to parent      50
Net income (loss) attributable to parent:6,7145,807(1,775)(1,845)712 (340)
Preferred stock dividends and other adjustments   (2,219)(1,656)  
Other undisclosed net income available to common stockholders, basic   113   
Net income (loss) available to common stockholders, diluted:6,7145,807(1,775)(3,951)(944) (340)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):6,7145,807(1,775)(1,845)712 (389)
Comprehensive income (loss), net of tax, attributable to parent:6,7145,807(1,775)(1,845)712 (389)

Statements sources

The financial statements are based on the company's filings with the 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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