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KIMLEY‐HORN AND ASSOCIATES, INC.
<br />BALANCE SHEETS (CONTINUED)
<br />
<br />DECEMBER 31, 2017 AND 2016
<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 />2017 2016
<br />LIABILITIES AND SHAREHOLDER'S EQUITY
<br />Current Liabilities:
<br />Accounts payable – trade 44,680,816$ 40,558,464$
<br />Billings in excess of costs and estimated
<br />earnings on uncompleted contracts 50,268,024 44,549,072
<br />Accounts payable – affiliate - 26,094
<br />Accrued salaries and wages 92,898,072 90,893,487
<br />Accrued vacation payable 15,684,372 13,891,434
<br />Income taxes payable - 786,378
<br />Accrued retirement plan contributions 53,668,889 46,329,774
<br />Deferred taxes liabilities, current 2,335,817 -
<br />Deferred income, current 124,256 124,256
<br />Other current liabilities 78,646 73,404
<br />Total Current Liabilities 259,738,892 237,232,363
<br />Long-Term Liabilities:
<br />Tax liability due to affiliates 1,631,594 929,714
<br />Deferred taxes liabilities, noncurrent 2,705,271 3,787,315
<br />Deferred income, noncurrent 1,273,619 1,397,875
<br />Other long-term liabilities 1,205,702 1,161,778
<br />Total Long-Term Liabilities 6,816,186 7,276,682
<br />Total Liabilities 266,555,078 244,509,045
<br />Shareholder's Equity:
<br />Common stock, stated value of $1.00 per share. Authorized
<br />100,000 shares, issued and outstanding 35,771 shares 35,771 35,771
<br />Paid-in capital 8,798,275 8,798,275
<br />Retained earnings 103,585,503 86,796,851
<br />Accumulated other comprehensive loss (304,108) (244,590)
<br />Total Shareholder’s Equity 112,115,441 95,386,307
<br />Total Liabilities and Shareholder’s Equity 378,670,519$ 339,895,352$
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