Limbach holdings, inc. (LMB)
Balance Sheet / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14
ASSETS
Current assets
Cash and cash equivalents

-

760

1,011

3,804

-

526

256

375

626

-

-

-

-

-

63

78

119

165

218

309

-

473

89

Cash and cash equivalents

8,344

-

-

-

1,619

-

-

-

-

761

685

6,291

7,406

546

-

-

-

-

-

-

8,612

-

-

Restricted cash

113

-

-

-

113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

113

113

113

-

113

113

113

113

113

113

113

113

63

-

-

-

-

-

-

63

-

-

Accounts receivable, net

105,067

143,279

142,761

132,102

135,687

140,329

137,357

126,843

129,343

119,395

102,509

107,475

113,972

122,306

-

-

-

-

-

-

73,858

-

-

Contract assets

77,188

45,974

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and estimated earnings in excess of billings on uncompleted contracts

0

-

36,030

34,170

32,698

32,407

32,723

29,969

33,006

29,679

30,119

29,722

31,959

28,612

-

-

-

-

-

-

12,896

-

-

Advances to and equity in joint ventures, net

8

-

-

-

12

-

-

-

11

-

-

-

10

7

-

-

-

-

-

-

5

-

-

Other current assets

4,660

5,040

4,637

4,618

34,857

36,800

4,566

4,300

3,161

3,798

3,941

4,442

1,723

2,362

-

-

-

-

-

-

1,743

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

10

19

28

29

50

-

94

-

Total current assets

195,380

195,166

184,552

174,807

204,986

210,175

175,015

161,600

166,260

153,746

137,367

148,043

155,183

153,896

64

89

139

194

248

360

97,177

567

-

Property and equipment, net

21,287

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

-

21,560

20,758

20,595

20,527

20,029

19,349

18,320

17,918

17,483

17,438

17,881

18,541

19,138

-

-

-

-

-

-

12,023

-

-

Intangible assets, net

12,311

12,454

12,603

12,778

12,953

13,250

13,554

13,890

14,225

14,976

15,783

16,799

17,807

19,556

-

-

-

-

-

-

-

-

-

Goodwill

6,129

6,129

10,488

10,488

10,488

10,488

10,488

10,488

10,488

10,488

10,488

10,488

10,488

11,861

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

21,056

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset

4,786

5,315

-

-

4,409

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset

-

-

4,170

3,701

-

4,695

4,415

4,707

3,664

4,617

4,947

5,350

4,268

3,048

-

-

-

-

-

-

-

-

-

Other assets

668

730

798

1,686

271

35

490

493

465

497

527

558

588

619

-

-

-

-

-

-

70

-

-

Cash and investments held in trust account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46,014

46,050

46,059

46,036

46,021

46,014

-

46,003

-

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

306

Total assets

261,617

241,354

233,369

224,055

253,634

258,672

223,311

209,498

213,020

201,807

186,550

199,119

206,875

208,118

46,078

46,139

46,199

46,231

46,269

46,374

109,270

46,571

396

LIABILITIES
Current liabilities
Current portion of long-term debt

4,425

3,548

2,173

2,076

3,141

36,628

13,479

7,301

6,358

5,010

5,390

5,989

4,476

4,378

-

-

-

-

-

-

3,021

-

-

Current operating lease liabilities

3,750

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, including retainage

86,267

72,947

69,702

70,713

74,353

60,138

61,422

62,077

67,438

56,330

45,833

53,837

57,034

48,997

953

455

130

222

68

102

39,911

55

0

Contract liabilities

42,370

44,751

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of costs and estimated earnings on uncompleted contracts

0

-

46,536

44,197

50,843

52,420

43,950

31,181

28,543

33,067

30,203

34,115

39,190

43,405

-

-

-

-

-

-

24,669

-

-

Accrued income taxes

12

66

10

138

0

0

0

2,088

2,220

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

20,045

33,530

24,575

22,337

53,801

63,157

36,821

26,528

30,925

22,823

28,819

21,074

26,029

20,579

-

-

-

-

-

-

9,044

-

-

Total current liabilities

156,869

154,842

142,996

139,461

182,138

212,343

155,672

129,175

135,484

117,230

110,245

115,015

126,729

117,359

-

-

-

-

-

-

76,645

-

-

Long-term debt

38,868

39,583

39,983

34,339

23,614

2,644

21,063

35,188

20,556

29,566

18,110

26,772

21,507

46,400

-

-

-

-

-

-

27,049

-

-

Long-term operating lease liabilities

18,247

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

763

1,958

2,498

1,374

1,514

1,187

1,116

1,038

861

755

914

722

817

1,265

-

-

-

-

-

-

1,615

-

-

Total noncurrent liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,664

-

-

Deferred offering cost payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

246

Note payable to stockholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

125

125

125

125

125

-

125

125

Total liabilities

214,747

196,383

185,477

175,174

207,266

216,174

177,851

165,401

156,901

147,551

129,269

142,509

149,053

165,024

1,078

580

255

347

193

227

105,309

180

372

Commitments and contingencies

-

-

-

-

-

0

0

0

-

0

0

0

0

0

-

-

-

-

-

-

-

-

-

Redeemable convertible preferred stock, net, par value $0.0001, 1,000,000 shares authorized, no shares issued and outstanding as of December 31, 2019 and December 31, 2018 ($0 redemption value as of December 31, 2019 and December 31, 2018)

0

0

0

0

0

0

0

0

7,959

7,779

10,860

10,614

10,374

10,108

39,959

40,559

40,943

40,999

40,999

40,999

-

-

-

Common stock subject to possible redemption; 4,099,999 shares at approximately $10 per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,999

-

STOCKHOLDERS’ EQUITY
Members equity, 10,000,000 Class A units authorized, issued and outstanding as of December 31, 2015 (Predecessor)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

3,961

-

-

Preferred stock, $.0001 par value; 1,000,000 shares authorized; none issued and outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

-

0

0

Common stock, $.0001 par value; 100,000,000 shares authorized, 7,688,958 issued and outstanding at December 31, 2019 and 7,592,911 at December 31, 2018

1

1

1

1

1

1

1

1

1

1

1

1

1

1

0

0

0

0

0

0

-

0

0

Additional paid-in capital

56,557

56,164

55,673

55,158

54,791

54,295

53,753

53,099

54,738

54,185

55,162

55,162

55,162

37,926

6,513

5,913

5,529

5,473

5,473

5,473

-

5,473

24

Accumulated deficit

-9,688

-11,194

-7,782

-6,278

-8,424

-11,798

-8,294

-9,003

-6,579

-7,709

-8,742

-9,167

-7,715

-4,941

-1,473

-914

-529

-589

-397

-325

-

-

-

Deficit accumulated during the development stage

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83

0

Stockholders' Equity Attributable to Parent

46,870

44,971

47,892

48,881

46,368

42,498

45,460

44,097

48,160

46,477

46,421

45,996

47,448

32,986

5,040

5,000

5,000

4,883

5,076

5,147

3,961

5,390

24

Total liabilities and stockholders’ equity

261,617

241,354

233,369

224,055

253,634

258,672

223,311

209,498

213,020

201,807

186,550

199,119

206,875

208,118

46,078

46,139

46,199

46,231

46,269

46,374

109,270

46,571

396